EP081 How He Started with a $30K Four-Unit Foreclosure and Built a Million Dollar Portfolio with Tim VandenToorn from United Properties of West Michigan

EP081 How He Started with a $30K Four-Unit Foreclosure and Built a Million Dollar Portfolio with Tim VandenToorn from United Properties of West Michigan

In 2011 Tim VandenToorn took a leap of faith and invested $30,000 from his savings and ROTH IRA into a four-unit foreclosure. That was his first step into real estate investing and he's been going strong ever since, building a portfolio worth over $1 Million dollars. In this episode, you'll find out how he did it.

Tim and I also discuss his previous career in law enforcement, and why he traded that in to work with his family in property management at United Properties of West Michigan. Tim started as a maintenance tech and has since worked his way up to Managing Partner, where he oversees over 500 properties in the West Michigan area. Tim also started United Realty, which assists investors with the acquisition of investment properties.

Tim shares a lot of the experience he's gained during this time, such as buying multiple properties from tax sales, understanding the true expenses of investment property, the power of using 'other people's money', budgeting for capital improvements, and the functional issues tenants look at when deciding whether they should rent your unit.

Tim also spends a lot of time working with first-time investors, and shares his tips on managing your expectations in this hot real estate market, defining your goals, and where he sees the opportunities going forward.

There's a lot of great information packed into this conversation. If you'd like to contact Tim or United Properties, you can do so by email or website:

tim@rentupm.com

https://www.rentupm.com/

Tim can also be found on Bigger Pockets.

Avsnitt(554)

EP429 Investing in Detroit and Owning a FedEx Route with Ramond Harris and Justin Workman

EP429 Investing in Detroit and Owning a FedEx Route with Ramond Harris and Justin Workman

The Midwest REI Conference was a huge success and we were able to catch up with our friend Ramond Harris II. You may remember Ramond as the Detroit flipper, wholesaler and rehabber who shared his story in episodes #168, #225 & #334 while we brainstormed ways for him to fix his broken business model and get rid of three trucks that were costing him over $25,000 per year in debt payments. This episode was recorded at the RPOA’s 2024 Midwest Real Estate Investor Conference in Grand Rapids where we were joined by Justin Workman for an exciting mastermind session to discuss his real estate businesses as well as his FedEx routes and new business prospects on the horizon. For those of you who remember Ramond from past episodes, I know you’ll be incredibly impressed by his progress and experience. You can contact Ramond through email at ramond.harris@yahoo.com. Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

18 Mars 202427min

EP428 Why You Should Consider Buying a Franchise with Lance Graulich

EP428 Why You Should Consider Buying a Franchise with Lance Graulich

Today we’re going to talk about franchising. In simple terms, franchising is a business in which the owner licenses the operations, products, branding and knowledge in exchange for a franchise fee. Many real estate investors are also drawn to franchising because of it’s entrepreneurial aspects and the ability to create passive income and financial freedom. And my guest today, Lance Graulich, is considered the “King of Franchising”. Lance has over 25 years of experience with companies such as TGI Fridays, Wingstop, Krispy Kreme Doughnuts, and Pinkbox Doughnuts in Las Vegas. Lance also hosts the popular podcast “Eye on Franchising”.  Find out more: https://www.zorakle.net/assessment/welcome/ionfranchising Instagram: @lance.graulich All other platforms: Lance Graulich Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

11 Mars 202436min

EP427 Choosing the Best Heating and Cooling (HVAC) System for Your Property with Howard Bynder

EP427 Choosing the Best Heating and Cooling (HVAC) System for Your Property with Howard Bynder

Anyone who owns rental property can tell you that one of the systems you must pay attention to is your heating and air conditioning system—commonly referred to as your HVAC system. Today we talk with an expert on HVAC systems who shares practical tips for choosing the right one for your property, finding the best HVAC contractor, and rebates and incentives that might be available in your area. Howard Bynder is the Founder of The Bee Heat and AC, a well-known Colorado-based HVAC company focused on an educational, zero-pressure approach to helping homeowners get the best and most reliable HVAC system for their homes. Find out more: https://youtube.com/thehvacdopeshow www.thebeehvac.com 877-6THE BEE Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

4 Mars 202433min

EP426 How Build-to-Rent is Solving the Housing Crisis with Bethany Finch

EP426 How Build-to-Rent is Solving the Housing Crisis with Bethany Finch

Today we’re going to discuss the build-to-rent model. Build-to-rent, also known as BTR, is an emerging trend that has been gaining significant traction in recent years. It involves the construction of purpose-built residential properties with the sole intention of renting them out to tenants rather than selling them as individual units. This innovative approach to housing offers numerous advantages for both investors and tenants alike. And here to discuss the BTR model is Bethany Finch of American Made Home Solutions. Find out more: https://americanmadehomesolutions.ac-page.com/btr-ebook LinkedIn: https://www.linkedin.com/in/bethany-finch-amhs/ Facebook: https://www.facebook.com/AmericanMadeHomeSolutions LinkedIn: https://www.linkedin.com/company/american-made-home-solutions Instagram: https://www.instagram.com/americanmadehomesolutions/ YouTube: https://www.youtube.com/c/AmericanMadeHomeSolutions Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

26 Feb 202429min

RPOA Special Speaker Announcement – Ryan Kilpatrick

RPOA Special Speaker Announcement – Ryan Kilpatrick

We have a special speaker announcement for our 2024 Midwest Real Estate Investor Conference, which is being held TODAY and TOMORROW - February 22nd through 23rd - right here in Grand Rapids, Michigan at the Devos Place conference center. This is The Must-Attend Two-Day event for Real Estate Investors at all levels! And I have a special speaker announcement to make today.  If you’re investing in Grand Rapids and West Michigan, you definitely don’t want to miss this one! Ryan Kilpatrick from Flywheel Community Development Services will be presenting on “Opportunities for Housing Growth in West Michigan” Ryan’s presentation will be tomorrow, Friday, February 23rd at 4 pm. Once again you don’t want to miss the 2024 Midwest Real Estate Investor Conference, which is being held TODAY and TOMORROW, February 22nd through 23rd here in Grand Rapids, Michigan at the Devos Place conference center. You can go to www.midwestREIconference.com to get your tickets and find out more.  You can also purchase tickets at the door.  We're on the 2nd floor adjacent to the Grand River.   See you there!

22 Feb 20246min

EP425 How to Invest in Laundromats with Sam Wilson

EP425 How to Invest in Laundromats with Sam Wilson

Today we’re going to talk about investing in laundry facilities. This is a unique asset class with a huge potential for success, yet few understand how to gain entry into this type of investment. Sam Wilson has been an active investor for more than a decade in self storage, parking, multifamily properties/apartments, single family homes and RV resorts. His focus now is solely in the laundry facility space. Sam is the CEO of Bricken Investment Group and the host of the daily podcast “How To Scale Commercial Real Estate”. Find out more: brickeninvestmentgroup.com or check out Sam's Podcast "How to Scale Commercial Real Estate" Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

19 Feb 202432min

RPOA Special Speaker Announcement - Maria Giordano

RPOA Special Speaker Announcement - Maria Giordano

We have a special speaker announcement for our 2024 Midwest Real Estate Investor Conference, which is being held this February 22nd through 23rd here in Grand Rapids, Michigan at the Devos Place conference center. This is The Must-Attend Two-Day event for Real Estate Investors at all levels! Maria Giordano will be our featured speaker on “Investing with NO Limits”.  This presentation will be for those of you who are struggling to navigate the real estate market but you can’t seem to find the right deal. Maria’s presentation will be Thursday, February 22nd at 4pm Once again you don’t want to miss the 2024 Midwest Real Estate Investor Conference, which is being held this February 22nd through 23rd here in Grand Rapids, Michigan at the Devos Place conference center. You can go to www.midwestREIconference.com to get your tickets and find out more.

16 Feb 20243min

RPOA Special Speaker Announcement - Katie Johnson

RPOA Special Speaker Announcement - Katie Johnson

Hello everyone, we have a special speaker announcement for our 2024 Midwest Real Estate Investor Conference, which is being held this February 22nd through 23rd here in Grand Rapids, Michigan at the Devos Place conference center. This is The Must-Attend Two-Day event for Real Estate Investors at all levels! Katie Johnson will be featured in our special Short-Term Rental panel called “The Banning of Short-Term Rentals…From the Beginning to the End”.  If you’ve been paying attention to the controversy surrounding short-term rentals in West Michigan, then you definitely don’t want to miss this panel. Katie’s panel on Short-Term Rental Regulation will be Friday, February 23rd at 1:30pm. Once again you don’t want to miss the 2024 Midwest Real Estate Investor Conference, which is being held this February 22nd through 23rd here in Grand Rapids, Michigan at the Devos Place conference center. You can go to www.midwestREIconference.com to get your tickets and find out more.

15 Feb 20245min

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