Almost done, next investment, and cards
Wow has there been progress in the last couple weeks. Now that all the guts are done at the place on Barfield, we are really moving forward quickly. Expect the project to be done by June 1st! I will be providing picture updates as soon as we have progress in the kitchen and with the flooring! Soon after all that is done, I can have the house on the market!
I also think I may have found the next investment property! With the way the market has been trending in Grand Rapids, the process of finding a property has really changed. For those that weren't there at the beginning and seeing the process firsthand, we would walk through probably 20 properties a week (sorry Mrs. O'Brien!). Some of them were just absolute tear downs, while some of them were fantastic properties that you could absolutely make a profit on. The trick is in finding a neighborhood or street that you can find the absolute worst house and turn it in to the best one. There were many times where you could have made a nice little profit, but that would have meant booting somebody from their home for your own profit. Have to draw a line somewhere! As this process has gotten more streamlined, we have gotten better at finding properties that we really want to go through. From 20 a week at the start to now...maybe a house a month we have gone through. Look for big news (hopefully soon) on the next property that we will be flipping within the next month!
Now finally, I have been presented with an opportunity, from one of my brokers, in a multi-level marketing company. It has already helped me out by growing my real estate business and I am hoping to expand and grow my real estate business alongside this other business! It really is a great way to supplement your income and to help others as well. If anybody is interested please leave a comment or shoot me an email and I would be more than happy to meet up and talk more in depth about it! It is great for those who have a family-owned business, are starting out in their own given field, and especially for those that work with people face-to-face.
Have a great day everybody!
