All Forum Posts by: Keith Jourdan

Got this one done in 45 days. Located in Westland

Check out metro detroit. We have been experiencing massive appreciation with no end in sight . Cash flow is also great here. Just leased out a sfh for $1300, bought for 90k turn key.

The trick is to get a lender do split the costs with you. Then in your profile you can list your lender on zillow.

Heroin / crack / crack pipes / Best one was a large box of someone's "adult film" collection . My crew got a kick out of that lol

Home path usually has what's called a "first look initiative " which allows only owner occupied buyers to bid the first 30 days. After that it's open season for investors. In my market most of the bank owned houses make it out of the first look period , then a huge wave of investor bids come in and it turns into a bidding war .

Originally posted by @David O:

Yes. I've bought on MLS for a couple of my rentals.

@Keith Jourdan Nice, are you buying in Detroit proper or suburbs?

Westside suburbs . Westland /wayne/garden city areas.  

Buying 80% of my flips off the MLS. Did 10 flips in 2016. Hoping to do 20 this year.

You have to monitor the MLS very closely and be prepared to go and check out the house the day it comes online. Offer as strong as you can ASAP all cash.

Do anything and everything you can to complete the rehab as quickly as possible. 30-45 days is doable. 

It is very competitive here. If you are using conventional financing it will be tough to get a good deal on the MLS, unless you are extremely creative and add square footage/bathrooms etc.

The higher end you can go the better, less competition. The lower end markets( $50-100k) are where all the flippers are and the competition is tough. However I love the lower end sub100k deals, the most return on your money in this range. 

Off market is where you will find your big home runs, but marketing is expensive and hit or miss. 

Great Job man! Keep up the good work

getkig.com

They will most likely put you in a foremost product.

If they are in decent condition paint them, if you have broken doors you can order custom doors from cabinetdoorworld.com. If not we use Arcadia cabinets from Lowes. They are usually in stock and can do a full kitchen for $1500-2000. 

Painting never comes out as good as you think, you can get close to perfect but its tough.