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All Forum Posts by: Keith Jourdan

Keith Jourdan has started 42 posts and replied 276 times.

Post: Metro Detroit Flip. BEFORE and AFTER PICS!!

Keith Jourdan
Posted
  • Property Manager
  • Metro Detroit, MI
  • Posts 305
  • Votes 361

Got this one done in 45 days. Located in Westland

Post: Novice high networth investor eager for feedback on strategies

Keith Jourdan
Posted
  • Property Manager
  • Metro Detroit, MI
  • Posts 305
  • Votes 361
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.

Post: Has anybody used Zillow Premier Agent? Are the leads worth it?

Keith Jourdan
Posted
  • Property Manager
  • Metro Detroit, MI
  • Posts 305
  • Votes 361

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

Post: Craziest Thing You've Ever Found in a Property

Keith Jourdan
Posted
  • Property Manager
  • Metro Detroit, MI
  • Posts 305
  • Votes 361
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

Post: Flipping a Home Path Property

Keith Jourdan
Posted
  • Property Manager
  • Metro Detroit, MI
  • Posts 305
  • Votes 361
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 .

Post: Can you make money if listed on MLS

Keith Jourdan
Posted
  • Property Manager
  • Metro Detroit, MI
  • Posts 305
  • Votes 361
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.  

Post: Can you make money if listed on MLS

Keith Jourdan
Posted
  • Property Manager
  • Metro Detroit, MI
  • Posts 305
  • Votes 361

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. 

Post: The road to my first flip in Plymouth, Michigan (with pictures!)

Keith Jourdan
Posted
  • Property Manager
  • Metro Detroit, MI
  • Posts 305
  • Votes 361

Great Job man! Keep up the good work

Post: Vacant house Insurance in Michigan

Keith Jourdan
Posted
  • Property Manager
  • Metro Detroit, MI
  • Posts 305
  • Votes 361

getkig.com

They will most likely put you in a foremost product.

Post: Kitchen Cabinets - Keep, Piant or Replace?

Keith Jourdan
Posted
  • Property Manager
  • Metro Detroit, MI
  • Posts 305
  • Votes 361

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.