Kyle has been around real estate since before he was tall. As a child, Kyle drove with his father, a real estate broker, to open houses and showings. After finishing at Grand Valley University with a degree in business, Kyle sought to make his mark in real estate. At age 22, he purchased his first four-bedroom home in downtown Grand Rapids which he lived in and later converted to a college rental. Realizing that there was a growing demand for college single family housing, Kyle created Fulton Management Company. Over the next 5 years, he built a large portfolio of 44 single family and duplex properties.

During the market correction, Kyle moved to the Metro Detroit and was center stage for the unraveling of the commercial finance market. His position at Income Property Organization, a large multi-family brokerage, prepared him to analyze and sell apartment communities.

From there Kyle went on to create his own brokerage, Next Level Realty. A small boutique operation catering to the investor and first-time buyer residential market. In addition, Kyle created his first real estate investment fund, Expand Capital Fund I, LLC. This fund was created to purchase undervalued 1-4 family properties near college areas of Grand Rapids, MI. With this fund and private joint venture agreements, Kyle was able to provide a double digit, and, in a few cases, triple digit return to his investors.

From 2017-2018, Kyle has been focused on disposition of Fulton Management and partnership assets. Over the next two years, Kyle has directed all his efforts toward acquiring a portfolio of performing and non-performing mortgage notes.

My Approach

When I think of investing, I think of it in terms of baseball.  When I was younger, I was swinging for the fences and striking out.  I was so eager to get into the game that I didn't consider protecting the downside.

Now after 17 years in real estate, I look for that base hit.  Sometimes that base hit ends up as a double and even a few times an accidental home run.  However,the intent is to find safe and steady returns to myself and my investors.

Experience

Principal in Fulton Management Company (2003-Present). The focus since 2010 has been the creation of joint partnerships to purchase distressed real estate in the Grand Rapids market and re-position to income producing college rentals. Over the last 18 years in real estate, I've become disciplined in a number of different practices. From large multi-family acquisitions to land contracts and discounted mortgages.

  • Former multi-family specialist for Income Property Organization (2008-2010)

  • Principle of Fulton Management Company (2003-Present)

  • Broker/owner of Next Level Realty (2009-2014)

  • Principle of Expand Capital Group (2010-Present)

Acquisition/Disposition

2000-2006       Involved in the building development of 120 Unit Multifamily Community Bentwaters of Three Rivers, LP and the Pointe West I, LP a 180 Unit Multifamily Community located in Sault St. Marie MI     

2003-2009       Created Fulton Management Co. Purchased over 80 residential properties which include single family, duplexes and four units totaling over $6.1M

2008-2010       Involved in the brokerage and sale of Multi-family properties totaling over $20 million dollars at Income Property Organization

2010-2012       Created Expand Capital Fund I, LLC a Reg D 506b Program which acquired distressed single-family homes, 2-4 unit multifamily properties, lease option, and land contract investments.

2012-2018       Created joint venture agreements to purchase distressed real estate. In 2017, sold a number of these investments creating a substantial return to investors of over 65% ROI.

2017-2018+    Purchased $310,000 performing and non-performing land contracts and mortgages.

Currently-        Raising capital for Expand Capital Fund II, LLC a Reg D 506c program focusing on performing and non-performing (pre-foreclosure) loans.

Background

Born and raised in Grand Rapids, MI and residing in South Lyon, MI

Business Degree from Grand Valley State University

Real estate license since 2000 & Broker’s license since 2010

Kyle Zimpleman- Roller Coaster Ride through the Great Recession

Selling all my rentals

What we do and why

Note Expo 2018

$19K Mortgage with $100K protective equity

Flipping Mistake- Needed Investors to Hold

What to not buy

Holly Michigan-performing 10% loan

15 years of renting to college students

Taking the cash and running