All Forum Posts by: Keith Jourdan
Keith Jourdan has started 42 posts and replied 276 times.
Post: BRRRR single family with before and after pics! Metro Detroit
- Property Manager
- Metro Detroit, MI
- Posts 305
- Votes 361
Post: Southeast Michigan
- Property Manager
- Metro Detroit, MI
- Posts 305
- Votes 361
I concentrate in the west side wayne county suburbs . Westland /garden city /Redford /wayne area . Buy 70-100k. Rent for 1100-1300 in good /safe areas.
Post: First deal done! First rent check in the bank!
- Property Manager
- Metro Detroit, MI
- Posts 305
- Votes 361
Post: BRRRR single family with before and after pics! Metro Detroit
- Property Manager
- Metro Detroit, MI
- Posts 305
- Votes 361
Originally posted by @Stephen Meche:
@Keith Jourdan, it looks great. I look forward to working with you in the future on investments in the detroit area.
Thanks Stephen! Looking forward to helping you out.
Post: BRRRR single family with before and after pics! Metro Detroit
- Property Manager
- Metro Detroit, MI
- Posts 305
- Votes 361
Originally posted by @David Schulwitz:
@Keith Jourdan - As both a fan of Detroit and the BRRRR strategy....awesome job!! Those photos look great and you can see the value you added to the place.
I was born and raised in Saginaw - huge Detroit sports fan still today. Move all around the US the last 13 years, but I've settled in DFW, Texas (for now). Just submitted my first offer for a BRRRR property about 6 hours ago, so hopefully I find out tomorrow if my bid won it.
Any advice or mistakes that you made the first time around doing BRRRR? I'll be using a HML because I don't have quite enough capital at the moment to go all cash.
Anyways - great job! I think I agree with above - maybe try to raise the rent slightly if you're being flooded with calls?
Dave
My advice with all rentals is to go cheaper on materials. Tenants are hard on houses, some obviously better then others. I don't do tile floors in kitchens , too expensive for labor. Tenants will crack them. Use sheet vinyl, cheap and very sturdy. Also try to avoid carpet where you can. Most of the houses in my market were built in the 1950s and have original hardwoods, it is worth it to refinish, very tough for tenants to destroy hardwoods. Good luck!
Post: BRRRR single family with before and after pics! Metro Detroit
- Property Manager
- Metro Detroit, MI
- Posts 305
- Votes 361
Originally posted by @Jay Hinrichs:
Looks great Keith keep up the good work... stack up those rentals I think thats the right play at present in that market
Thanks Jay!
Post: Holton Wise annual volume goes from $283k to $54M+ in 5 years.
- Property Manager
- Metro Detroit, MI
- Posts 305
- Votes 361
awesome job !
Been following your business for a while now . Your market is a lot like mine . Been doing sales /management /construction as well .
Keep up the good work and making a name for the Midwest !
Post: BRRRR single family with before and after pics! Metro Detroit
- Property Manager
- Metro Detroit, MI
- Posts 305
- Votes 361
Post: New partners and bigger network
- Property Manager
- Metro Detroit, MI
- Posts 305
- Votes 361
Originally posted by @Jeffrey Holst:
Im in Chattanooga and looking here and also in South East Michigan. I'd like to acquire another multi family. My partners and I currently have a 32 unit under contract in Michigan but would really like to pick one up in Chattanooga or North Georgia.
Where in Michigan is the 32 unit?
Post: BRRRR single family with before and after pics! Metro Detroit
- Property Manager
- Metro Detroit, MI
- Posts 305
- Votes 361
Originally posted by @Keyonte Summers:
Great job as always Keith hopefully one day we can work together or I can pick your brain on getting to the next level. It's hard find good contractors in the city that does the work right the first time let me know if you have go to crew or company.
Thanks Keyonte
Yes finding and keeping good workers is a tough part of this business . Back in 2010-2014 contractors were begging for work , now investors are begging for contractors .