EP079 How He Turned a Teardown Two-Unit into a Cash Cow with Mike VanderWoude

EP079 How He Turned a Teardown Two-Unit into a Cash Cow with Mike VanderWoude

Abandoned and Dilapidated for the past ten years, it was a two-unit property that no investor wanted anything to do with. I would drive by and wonder when the city would get around to tearing it down.

And then, Mike VanderWoude came along.

Mike is a broker at 616 Places, and he saw something that no one else did. He saw money.

Today, Mike takes us step-by-step through the acquisition and rehab of this two-unit property. How he negotiated the purchase price, acquired a construction loan, and checked with the city to make sure that it was indeed, a 2-unit property.

Mike also talks about the dynamics of Grand Rapids' West Side neighborhoods, how he researched what residents want in a home, whether they prefer a tub or shower, and the value of having great photos for marketing.

I know you'll enjoy learning from Mike's experience bringing a 2-unit back to life. You can find out more about Mike on the web:

http://www.grandrapidshomesforsale.com/mike-vanderwoude/

Enjoy the show!

Avsnitt(592)

Steve Brown Keynote Preview: The State Of AI And What It Means For Your Business—MREIC 2026

Steve Brown Keynote Preview: The State Of AI And What It Means For Your Business—MREIC 2026

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Finding Hidden Value Through Hyper-Local Investing and Relentless Curiosity with Dr. Jordan Romano

Dr. Jordan Romano is an Ivy League–trained physician who has built a strong real estate portfolio not by chasing headlines or spreadsheets—but by going extremely hyper-local, staying curious, and lear...

9 Mars 31min

MREIC 2026 Speaker Spotlight: John Burley—Raise Capital for Your Next Deal Like a Pro

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The first Speaker Spotlight for MREIC 2026 is live. We're kicking off with John Burley, real estate fund manager and capital raiser with 40+ years of investing experience and $600M+ raised. In this co...

5 Mars 12min

When Good Deals Go Bad: Real Stories From Experienced Investors

When Good Deals Go Bad: Real Stories From Experienced Investors

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Rebuilding After Losing $50 Million: Rod Khleif on Mindset, Wealth, and the Future of Real Estate

Rebuilding After Losing $50 Million: Rod Khleif on Mindset, Wealth, and the Future of Real Estate

How do you come back after losing $50 million — and build it all back stronger? In this episode, Rod Khleif, multifamily investor, mentor to thousands, and host of one of the world's top real estate p...

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The Hidden Financial Tool Every Real Estate Investor Should Know: Surety Bonds with Gary Eastman

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Most real estate investors have never heard of surety bonds, yet these little-known financial tools can determine whether a project finishes on time—or falls apart. In this episode, Brian Hamrick talk...

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Billions of dollars in office and retail buildings are trading at deep discounts right now. While most investors see risk, Scott Sherman, Founder and Principal of Torose Equities, sees opportunity. Sc...

9 Feb 27min

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