1 1/2 Story Home for Auction

Posted on February 11, 2020 by admin

1 1/2 Story Home for Auction

Great first home or rental property investment

Are you an avid DIY remodeler? Is Fixer Upper your favorite show of all time? Do you want to test your skills out? If so, this is the auction for you! We will be auctioning off this 1 1/2 story home located in Burton, Michigan on Wednesday, February 26th. The starting bid is only $5,000! This one bed, one bath home would be the perfect investment for someone just starting out in the real estate market, or would be a great rental property! View more details about the auction here.

The home is officially one bed, one bath, but there is an additional room that was used as an extra bedroom in the past. Some restoration work has been completed, but it needs to be cleaned and the rest of the updates need to be made before someone would be able to move in. The home has a newer natural gas furnace and hot water heater. There is a nice back yard that would provide a nice place to relax during summer evenings. After all, you can’t beat Michigan summers!

Having a rental property is a fantastic source of income. After you have made the renovations for the property (DIY or contracted out), you can simply rent out the home and use the rent from your tenant to pay for the mortgage or the costs of the renovations. Then after the loan is paid off, you will have a secondary income that you can use to pay off your own mortgage or any other expenses that you might have. Of course, you can also choose to live in this home yourself! Once it is fixed up it would be a perfect starter home for a couple. Then, as they grow out of the home they can either keep it and rent it out or they can sell it to add to their down payment for their next home!

If you are interested in participating in this auction, please Contact Jordan Miedema with questions.

Call |Text | E-Mail: Jordan Miedema
616-460-8936 | Jordan@1800lastbid.com

Property Address: 2060 Scottwood Ave., Burton, MI

For questions about buying or selling property with LASTBIDrealestate.com, please contact us here.

Commercial Building and Land in Marshall, MI

Posted on February 6, 2020February 6, 2020 by admin

Commercial Building and Land in Marshall, MI

Ideal Marijuana Facility!

If you’ve been looking to break into the cannabis industry, here is your chance! On March 10th we will be auctioning off a 24,000 square foot commercial building on 10.5 acres of land in Marshall, Michigan through an online real estate auction. The property has been approved to be conditionally rezoned as I-1, Light Industrial for the exclusive use of a Marijuana facility as allowed by the City Zoning Ordinance. Of course, it can also be used for any other operations, but this would be an ideal investment for anyone trying to succeed in the cannabis industry. The property is located near the I-95/I-69 interchange. The all-steel building was formerly the Backroads Saloon. The building has room for expansion and includes a 2016 fire sprinkler system. The main floor includes men’s and women’s restrooms, offices, and a cafeteria area. The mezzanine area includes additional offices, private bathrooms, lounge, and large conference room. Other spaces are an elevator, racquetball court and additional storage. The property would be well suited for any potential renovations to become a marijuana facility should the buyer wish to enter the industry. All contents of building and liquor license are available but are selling separately.

If you are interested in this property, or would simply like more information, please contact Vic Kuiper. This is truly a fantastic investment opportunity, regardless of what your plans are for the facility. If you have any other questions about the auction process, please contact us here. Otherwise, head on over to the auction site to place a bid!

Vic Kuiper
Phone: 616-283-8516
Email: vkuiper@1800lastbid.com

Ready To Bid?

Have a commercial property that you are looking to sell? consider holding an auction with us here at LASTBIDrealestate! Auctions are a great way for you to quickly sell your building and/or land for a fantastic price. Not only does an auction take out the hassle of a traditional sale, but you know exactly when your property will be sold. Contact us about selling your commercial property today!

Zeke’s Restaurant Up for Auction!

Posted on February 6, 2020 by admin

Zeke’s Restaurant Up for Auction!

Complete Operating Restaurant!

Have you dreamed of owning your own restaurant your whole life? Creating a staple place for your community where people can come for friends, fun and good food? Or are you looking to expand your current operations for your company so you can keep up with demand? Check out our upcoming auction! After 30 years in business the owner of Zeke’s Restaurant is retiring and looking to sell! This will be slightly different than our other auctions, so make sure to rad on for more information. Or, feel free to go straight to our auction site here.

Here is what you need to know: if you are interested in purchasing the complete operating restaurant and all of it’s assets including the real estate, business, beer club,liquor license and other assets you must place an offer before February 14th, 2020. After that, the property and all of the assets will be sold separately through an auction that is scheduled for March 10th, 2020. So, if you are looking for an easy way to start your dream restaurant, make sure to place an offer before February 14th!!!

Zeke’s Food & Spirits has been continuously updated and offers a comfortable atmosphere and a great dining experience. Famous for great food and for its beer club, with over 250 bottled beers available & many more on tap! The restaurant has seating for 284 patrons in main floor dining areas, large bar area, and upper/lower private dining/event rooms. This restaurant also features multiple walk-in coolers and freezer, a Maitre’D POS system, security system, large salad bar, office area, and much more. The property is located on Front Street in Dowagiac, Michigan. If you have any questions about either the direct sale before February 14th or the auction that will happen after, please contact Vic Kuiper. This is a beautiful property and a fantastic real estate opportunity!

Vic Kuiper:
Phone: 616-283-8516
Email: vkuiper@1800lastbid.com

Ready to Bid on Zeke's Restaurant?

Looking to Sell?

How To Find Foreclosed Homes

Posted on February 4, 2020April 18, 2023 by admin

How To Find Foreclosed Homes

Your guide to the foreclosure market

Buying a foreclosed home is an amazing way to make your way into the world of real estate. Regardless if you plan on purchasing a property for yourself or are looking to flip homes, you are sure to find a great deal on the foreclosure market. But first things first, you’re going to have to find a property to buy! Because foreclosure sales operate a little differently than traditional real estate sales, you might find yourself wondering how to find foreclosed homes for sale. There are a few different ways that you can go about finding your dream foreclosed property:

Find A Real Estate Agent:

Your real estate agent will be your best friend throughout your foreclosure process. Traditional real estate sales can be overwhelming, so think about what the foreclosure buying process would look like without an agent! It’s best for you to find an agent the specializes specifically in foreclosures, as they will have a wealth of knowledge to share with you during your buying process. They know the market and the general rules and regulations that surround foreclosed properties. They will help you find the homes with the most potential and guide you away from those that would end up costing you more than they are worth. An agent will search out properties that fit your qualifications and will have the inside scoop from their coworkers and other leads to find the house of your dreams. While it isn’t 100% necessary to have an agent, they are extremely helpful throughout the foreclosure process!

Check Pre-Foreclosures:

Depending on the property, foreclosures can sell fast. If you want to be the first to know when a foreclosure hits the market, try checking out pre-foreclosures. A pre-foreclosure sale occurs when the owner of the property knows that their home is in the early stages of a foreclosure. During this time, they have the opportunity to find a way to catch up on their missed payments or sell the house themselves. If you are interested in the property you can choose to buy it directly, or you can wait and see if it ends up being foreclosed. Pre-foreclosures are a fantastic way to be aware of what will soon be on the foreclosure market.

Banks & Asset Management Companies:

Go straight to the source! In a foreclosure sale, the bank or asset

management service is the seller of the property. Major banks will have listings on their website that you can search through to find a property in your area. For example, check out the foreclosures page for Bank of American here.

Auction Companies:

Find online real estate auction sites (like us!) that sell foreclosed properties. From undeveloped land to commercial and residential properties, you are sure to find a plethora of properties available. We are constantly updating our upcoming auction page, so make sure to check in regularly to see what properties are listed. Auctions are a lot less hassle than a traditional sale as well, as all you have to do is place your bid online and wait for the auction to end! Check out some of our upcoming foreclosure auctions here.

Online Real Estate Websites

Check real estate sites that list properties available for rent, sale, pre-foreclosure and foreclosure. This is another quick and easy way for you to find homes available in your area. Available properties will be continually updated, and these sites typically cover the whole country, allowing you to research properties in any state you want!

Take A Drive

Want to get off the internet? Drive through the area you are interested in and look for foreclosure signs! While this might be a slightly tedious process, it’s a great way to get a close look at a property and a feel for the neighborhood. Take a few detours on your way to or from work each day and you might just find the foreclosure of your dreams!

Foreclosed properties are truly a fantastic way to find a home for a great deal! We hope that this guide has given you a few ideas of where you can look for a property, but if you have future questions about how to find foreclosed homes, feel free to contact us!

Ready to Bid?

How To Buy A Foreclosed Home

Posted on January 3, 2020December 20, 2019 by admin

How To Buy A Foreclosed Home

What You Need to Know for a Foreclosure Real Estate Auction

Foreclosures are a great way to purchase a home and land for cheap! Often you can get great properties for a fraction of the cost you would pay in a traditional real estate sale. Foreclosure auctions are fast and easy, since you know exactly what you plan to pay and when you can expect to close on the property (auctions do have end times while typical real estate sales do not). There is a bit of a different process to purchasing a house in a foreclosure auction compared to a traditional real estate sale, so read on to be fully informed before you place a bid.

What are Foreclosures?

A home is foreclosed upon when the owner stops making their mortgage payment. In order to receive a loan for a large purchase, you are required to have some form of collateral to back it. This is typically whatever you are using the loan to pay off, in this case, a house. If you fail to make payments on your loan, the bank or other lender will take possession of the home in order to recover their losses. Often, the bank does not have time to wait to hold a traditional real estate sale, so they will sell through us to liquidate the property to quickly. We auction off many traditional and commercial real estate properties for banks and other lending associations.

Find an Agent

One of the first things that you will want to do when looking to purchase a

foreclosed home is to find a quality real estate agent that is familiar with foreclosures. Their experience will be necessary in your search process and they will able to help you discover exactly what sort of foreclosure you are looking for. They know what to look for in a foreclosed property that will make it a great investment and will do all they can to get you the best price possible. If you are planning on purchasing a home through a foreclosure real estate auction, it isn’t necessary for you to have an agent, as you won’t have to be negotiating anything. However, if you’ve been on the hunt for the perfect foreclosed property you probably already have an agent – so it won’t hurt to bring them along to see the property you are planning on bidding on!

Understand As-Is/Sale Subject to Approval

One of the major differences between a foreclosure sale and a foreclosure auction is that the buyer has a lot less negotiating power. Foreclosures are typically sold As-Is, meaning that what you see is what you get. Because the bank is the seller, they will not perform any upgrades or fix minor repairs in order to compromise with you on a selling price. Additionally, anything left on the property (such as old furniture) will belong to you as well and it will be up to you to choose how you wish to deal with it.

Foreclosures also typically have a ‘Sale Subject to Approval’ term to them. Because the bank needs to recover as much of their loss as possible, often times they must approve the amount that has been offered to make sure it will be enough for them.

Inspect the Property

After you have gone through all of the information and photos that are available online of the property that is up for auction (or for sale depending on the process you are going through), check for inspection dates and times that will allow you to take a better look at the property you are planning on purchasing. Once you are at the property, do a complete walk through of the property top to bottom. You will want to note any damages that need to be fixed in addition to surveying the condition of the rest of the house. Make sure that the house suits the purpose you are intending it for, and step back and look at it objectively as a real estate investment.

Know Your Finances

Here’s the big one – sit down and figure out what you are able to pay. Buying

a house is a huge ordeal, and it should not be taken lightly. First things first, visit your own bank and get preapproval for a loan if you aren’t planning on paying for a property outright. This will expedite the sale process on your end and will help you decide how much you can pay for the property. Next, consider what you are willing to pay, not just what the bank says you can afford to pay. It’s important to figure out your maximum bid so that you do spend outside of your means. Afterall, you don’t want to have to foreclose yourself! Take into consideration any of the expenses you will incur to repair damages that currently exist. Last but certainly not least, make sure that you know all property taxes and any other yearly expenses you might have to pay if you purchase a foreclosed property. While you may be able to afford the property when it is foreclosed, do you have the funds to keep up with it all the time? You will be able to find all relevant tax information listed on our auction site for each property.

What to do Next

Congratulations you placed a bid and won the foreclosed property you were bidding on! Now comes the fun part! There are so many things that you can do with a foreclosed home. You can complete all of the necessary renovations and live in the home yourself or flip the home for a profit. You may also choose to keep the home and rent it out, creating a nice additional form of income for yourself. You can also take down the building and rebuild! Whatever you choose to do, we know that you are going to love the result. Ready to start bidding? We hope that this article has been an informative look into the world of foreclosure auctions and that you feel confident to begin you journey participating in a foreclosure real estate auction. Click the button below to head on over to our auction site to see current properties up for auction. If you have further questions about foreclosure auctions, check out our FAQ page or contact us here. Happy bidding!

Looking to Sell?

Have a property you are looking to sell off? We can help!

Condo in South Haven for Auction

Posted on January 2, 2020January 2, 2020 by admin

Condo in South Haven for Auction

Condo Unit on the Black River

Looking for a great weekend getaway spot? Check out our upcoming auction on Tuesday, January 14th. We will be auctioning off a condo unit on the Black River in South Haven, MI. This online real estate auction features a 415 sq.ft. Unit (#4) in the Colonial Condominiums building. With one bedroom and one bathroom, this is sure to be the perfect vacation spot. Situated right on the banks of the Black River, the condo amenities include a large, private deck over looking the Black River with views of Lake Michigan which is just a short boat ride away. The Colonial is conveniently located on the edge of downtown within walking distance to shops, restaurants, bars, several public beaches and all South Haven has to offer! Unit #4 includes a large, lockable storage area in the basement and a shared coin-operated laundry area. Home Owner Association dues are $200 per month and Include city water, sewer and basic Direct TV. If you are looking for a new vacation home, this would be a great real estate investment! If you would like more information, read the details below, visit the auction by clicking the button, or by contacting Dennis DePender (information below). For further questions about our auction process, please contact us here.

Address: Unit #4, 532 Dyckman Ave.

City: South Haven

State: Michigan

Zip: 49090

Township: South Haven Charter Township

County: Van Buren County

PP#: 80-53-778-004-00

Zoning: AR Agriculture/Residential

SEV: $64,200 (2019)

Taxable Value: $59,674 (2019)

Winter Taxes: $558.18 (2019)

Summer Taxes: $3,024.41 (2019)

Type: Condo/Co-op

School District: South Haven Schools

# of Bedrooms: 1

# of Full Bathrooms: 1

Square Footage: 415 SF

Lot Specific Contact

Dennis DePender

(616) 262-1594

ddepender@1800lastbid.com

Interested in selling property with us? Online auctions are a great way for you to easily liquidate your real estate without having to go through the hassle of a traditional sale. If you have a property you’ve been considering selling, contact us today!

Historic Delano Inn Bed and Breakfast Up for Auction

Posted on January 2, 2020 by admin

Historic Delano Inn Bed and Breakfast Up for Auction

Own your dream inn!

Have you been dreaming of opening your own bed and breakfast? If so, our upcoming auction will be perfect for you! On Tuesday, January 21 we will be auctioning off the Historic Delano Inn Bed and Breakfast located in Allegan, MI. This online real estate auction features the Delano Inn and Carriage House. The Delano Mansion is an historic 1863 Italianate Renaissance Inn. The approximately 4,000 sq. ft. mansion includes 6 large and beautiful guest rooms and private baths. Four of the rooms are luxury whirlpool suites and 3 rooms feature an in-room fireplace. Each room is richly decorated, including Bradbury linens, Bradbury wallpaper and many antiques. Remodeled from 1999-2006, the inn has a gazebo, underground sprinkler system, fountain, wrought iron fencing, boiler system, furnaces, natural gas, and city water and sewer. A two bedroom carriage/owner occupied house is included on the property. This is a great investment and opportunity to own an historic home in Allegan! If you are looking to branch into the hospitality market, this is a great opportunity for you! For more information about the home, contact Jordan Miedema (information below). If you have any further questions concerning the auction, please contact us here.

Address: 302 Cutler St.

City: Allegan

State: Michigan

Zip: 49010

Township: City of Allegan

County: Allegan County

PP#: 51-105-124-00

Zoning: R2 – SFR

SEV: $240,900 (2019)

Taxable Value: $162,625 (2019)

Winter Taxes: $3,518.33 (2019)

Summer Taxes: $7,144.13 (2019)

School District: Allegan Schools

Open for Viewing: Tuesday, January 14, 2020 from 1:00pm-2:30pm and Thursday, January 16, 2020 from 10:00am-11:30am

Jordan Miedema

(616) 460-8936

jordan@1800lastbid.com

Do you have a property you are interested in selling? Consider selling through one of our online auctions! We are experts in online real estate auctions and would love to make your sale the best that it can be! Contact us to get started with your real estate auction.

Single Family Home in Deford, Michigan

Posted on December 17, 2019December 17, 2019 by admin

Single Family Home in Deford, Michigan

Starter Home Up for Auction

Looking for a real estate investment? Check out our upcoming online real estate auction featuring a single family home and outbuildings located on a quiet street in Deford, Michigan. The main level of this home includes a bedroom and bathroom, kitchen, living room area, and utility room. The upstairs has 3 rooms that were used as bedrooms but could also be used as an office, storage, or a workout room. The home has a crawl space, well/septic, and propane. The .51 acre parcel also includes a barn and small shed. The interior needs some work but would make a good starter home or rental. This property would be a great way to enter into the real estate market, and a fantastic first property to renovate and flip! We hope that this is the property you’ve been waiting for! If you have any questions about the property, contact Jordan Miedema (information below). If you have further questions about our company or our auction process, please contact us here. We would be more than happy to answer any questions you might have about the online real estate auction industry!

Address: 1729 Montague St.

City: Deford

State: Michigan

Zip: 48729

Township: Kingston Twp.

County: Tuscola County

PP#: 015-017-107-0100-00

SEV: $37,500 (2019)

Taxable Value: $26,238 (2019)

Winter Taxes: $1,237.85 (2019)

Summer Taxes: $260.11 (2019)

Type: Single Family

School District: Kingston Schools

Acres: 0.51

# of Bedrooms: 3+

# of Full Bathrooms: 1

Lot Contact: Jordan Miedema
(616) 460-8936

jordan@1800lastbid.com

Looking to Sell?

If you have residential or commercial property you no longer need, consider selling it through one of our online real estate auctions! Our auctions are a great way for you to have a hassle free, quick and convenient sale. Often times auctions can bring in a higher selling price for a property than it would have received from a traditional real estate sale. If you are interested in selling your property with us, contact us today! We would love to sit down with you and discus the benefits of real estate auctions and what we can do for your property!

15 Simple Habits of Successful Real Estate Investors

Posted on December 6, 2019December 6, 2019 by admin

15 Simple Habits of Successful Real Estate Investors

Investing in real estate can be intimidating – especially if you are new to the game, it might be hard to know how to get started, how much you should be investing, as well as what to look for in a property before you purchase it. It might seem like you are continually seeing people investing in real estate, flipping houses, wholesaling, or managing rentals that seem to have it all together, how do they all know how to work this area of investing in real estate? We understand that although the real estate investors that you see today might seem like they have it all together, at one point, they too had to go through a time of learning and surely some mistakes before they got to the point that they are now. We have 15 simple habits of successful real estate investors for you to hopefully get some information on how you can get started with investing in real estate well today!

Know The Market

As you are getting ready to start investing in real estate, if you hope to be successful, you will have to first and foremost know the market. Knowing the market will help you jump with knowledge of what houses are going for, how much you should be paying, as well as what you could also be selling for.

Understand The Risks Involved

If you’ve made the decision to get involved with real estate investing already, you already I’m sure know that there will be risk involved – but understanding the risk that partners with investments is going to be the next thing that all successful real estate investors realize. Acknowledging the risk involved will help you understand how much you are actually willing to invest based on how risky the situation is.

Stay Patient

It can be hard to stay patient, especially when going through the exciting act of purchasing a new piece of property. Patience is going to be important when you are waiting for the right opportunity to come up. Be sure not to jump onto the first property that comes up across your path, that is a good way to lose money. Rather, be patient for the right opportunity to present itself.

Base Your Business In Facts, not Emotions

Another simple habit of successful real estate is the ability to separate emotions from your business. Successful investors make investments and purchases based on facts and market knowledge – not on things that they feel or hope!

Make A Plan

For any real estate investor, making a plan is important for success. Once you have a piece of property, building, house, or any other real estate items, take the time to sit down and make a plan for the property. What things will you change, what will you add, or remove?

Stay Educated

Staying educated is a big part in the success of a real estate investor. This means staying educated in market changes and trends, staying educated in anything that affects the housing or real estate market. As you continue to learn, you will continue on in your success.

Be Honest & Keep Good Morals

Being honest and keeping good morals goes a long way when it comes to your real estate investment success. Building trust among your business and professional circle will overflow into all areas of your business creating success throughout your entire investment business. The more potential buyers and renters trust you, the more likely you are to have good successful sales and month to month renters. Good sales, and good renters overflow into your referrals.

Encourage Referrals

Successful real estate investors encourage referrals. Referrals are a good way for the friends and family of previous or current clients of any real estate investor to know that they also can have a good experience with you. Creating more businesses for you!

Develop A Niche

Take time to develop a niche – successful real estate investors develop a niche so that they can better target and focus on the people that they can meet specific needs of! Find what you’re good at within real estate investing, and take the time to capitalize on that!

Invest In An Accountant

Investing in real estate isn’t the only thing that you should invest in as you journey through unknown waters. It’s smart to invest in an accountant too! Someone who can keep all of your financials straight and make sure that all of your investments are properly filed and being recorded as well!

Find Help – But Stay Involved

Another way to boost your success with your real estate investments is by finding someone to help you. If you have some success with real estate investment, it’s likely that you’ll come to a point eventually where you will want some help with managing your properties. Find someone to help you, this will help you stay on top of the property while also making the most of your real estate. Getting help does not mean un-involvement though, it’s beneficial to stay involved so that you know what is going on with your investments in order to make changes and adjustments accordingly!

Build A Network

Building a network will obviously contribute to the success of your company. It will take time as you begin to establish yourself and your investments, but in the long run it will provide you with opportunities for the growth and change of your business in ways that will continue to help your success.

Treat Investments As Businesses

Each investment, whether it’s a rental property, a house flip, or anything else should be treated as its own individual business, a smart investor will take the time to go through the costs, labor, and profits to ensure that your net income is positive!

Focus On Efficiency

As an investor, the name of the game is making more than you spend- the more efficiently you can manage your properties, work on your real estate, or make any changes, updates, or repairs will ultimately help you increase your income and become a more successful investor!

Keep Partners Happy (within reason)

The last simple habit that a successful real estate investor practices that we have for you today is to keep your partners happy. If you are an investor, it’s possible that you had someone partner with you for extra funding. You and your partner have to work together seamlessly in order to run a successful business and investment operation. We are not telling you to do anything that your partner asks of you, but be sure to meet in the middle and express your thankfulness for their trust in you.

If you are ready to invest in some real estate today, go check out our current properties up for auction today! We feature tons of great quality land, houses, commercial properties, buildings and more!

Commercial Land Up for Auction in Grand Rapids

Posted on December 4, 2019April 23, 2024 by admin

Commercial Land Up for Auction in Grand Rapids

Check out this prime real estate investment!

Have you been looking for commercial land for sale for your next investment opportunity? If so we have just the property for you! On Wednesday, December 18th we will be auctioning off a 1.79 Acre Commercial Lot in Grand Rapids, Michigan in an online real estate auction. The lot is located along Wilson Ave. Located with easy access to I-96, this lot is less than 10 minutes from Lake Michigan Dr and less than 15 minutes from Alpine Ave. The 200’x390′ lot is mostly flat and wooded property is zoned C-1 and has excellent visibility. This is a great investment property. Environmental documents are available upon request. As the land is currently vacant, feel free to inspect it whenever is convenient for you. The starting bid for this property is $5,000 and the bid increment is $250. The auction will close at 7pm on the 18th. Pre-bidding is available now. Click here to go straight to the auction site!

Please email Jordan Miedema at jordan@1800lastbid.com with any questions concerning the property. There is more information listed below, as well as on the auction site which you can reach by clicking the button below. If you have any further questions concerning our company or our auction process in general, please feel free to contact us here. We want to make sure that you feel completely informed and comfortable with our bidding process before you bid on an auction. This is some truly great commercial land for sale, and since it is up for auction as opposed to being part of a regular sale you are sure to get a great price on it!

Address: 2482 Wilson Ave. NW

City: Grand Rapids

State: Michigan

Zip: 49534

Township: City of Walker

County: Kent County

PP#: 41-13-07-251-002

Zoning: C-1

SEV: $21,000 (2018)

Taxable Value: $21,000 (2018)

Winter Taxes: $69.70 (2018)

Summer Taxes: $908.34 (2018)

Type: Commercial

School District: Kenowa Hills Public School

Looking to sell your own commercial or residential land? We would love to talk with you about hosting an online real estate auction. Selling your land through an auction is easy! We take care of the whole process so that you don’t have to worry about the details. Contact us today if you are interested in holding an auction.