945 Virginia Ave, Grand Rapids MI
If I had told you in 2011 that we could have purchased this property for $46,000 would you have invested with me?
The answer is NO... I pleaded with people that the time was right and the returns made sense. Everything made sense other than investors emotions at the time.
What about six months later when I had it rehabbed and rented for $1600 per month? Would you have paid $85,000?
This was one of my first partnerships. My good friend's father took a chance when most people believed it was a terrible time to invest in real estate. We continued to rent the above property for five more years at a 3.5% mortgage. We created an unbelievable cash flow of close to $9,000 per year.
In 2017, our college renters of five years finally moved on and we decided to sell the property.
Would you have paid $182,000? Well, that's what happened in 2017.
The reason I bring this up is to not brag but to illustrate the point of taking action and taking a chance with someone.
My grandfather used to say "Nothing really good in life happens when you say NO." As I reflect on this quote, I find myself thinking about all the good things that happened in my own life. They all started with a YES. Yes to getting married. Yes to having children. Etc...
If you're considering investing in real estate or mortgage notes, please don't hesitate to call. I have lucrative investments that need investors. Call or email me today!
Below is a quick interview with the investor that said yes on the above example and many other investments with me.
Kyle Zimpleman, Managing Member