All Forum Posts by: Keith Jourdan

welcome !

I'm an agent in this area with a lot of experience investing , let me know if you need any help !

Going to be tough. Anything for 20k is going to need tons of work and or in a warzone. Look into Lincoln Park/Taylor/Melvindale/Wayne areas. Might be able to find some turn key for $40k that rent for $800. 

Only done a few deals in city of Detroit . Suburbs about 70+ in past 2 years. City is tough for a number of reasons. Selling can be difficult , most all mortgage companies won't lend on sub $50k houses , so flipping isn't possible in 90% of Detroit neighborhoods (end buyer won't be able to obtain financing ) unless you do owner financing . Buy and hold rentals can be profitable , but class d tenants are high turnover high risk, eat up cash flow quick . 

Suburbs are great on the other hand. Good cash flow rentals and possible flip deals are out there . Major appreciation past few years in suburbs .

I've helped several bigger pockets buy an sell . Message me anytime !

About $600 

I have a guy who glazes tile. Does a great job. Less expensive and time effective to just glaze old tiles in bathrooms. I almost always do a new modern tile floor though. 

Showings have been increasing due to low inventory, less homes for buyers to look at. I would say if you get 10 showings in first week that is good. # of showings really don't matter though, offers are what counts.  

 North side. Livonia school district.

Just listed it yesterday morning. Had 12 showings so far ....we will see