Before and after pics of flip I just finished!

Rehabbing & House Flipping
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Before and after pics of flip I just finished!

Keith Jourdan
Property Manager · Metro Detroit, MI · Member since 2008 · 305 posts · 362 votes

1700 sqft 2 story house. 4 bed 3 bathrooms. We pretty much gutted this thing top to bottom.

Upstairs bathroom before and after

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Kenneth Kussman
Investor · Irving, TX · Member since 2015 · 101 posts · 23 votes
10y
Very nice job I am about to purchase my first flip in the Dallas TX area Would you mind sharing what the total cost of the rehab was and how long it took ? If not I understand But really nice job
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  • Aaron HowellBusiness Member
    Real Estate Agent · Crozet, VA · Member since 2014 · 436 posts · 223 votes
    10y

    Yes, yes and more yes !  Looks great !

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    0Reply
  • Ryan Redenius
    Investor · Chicago, IL · Member since 2015 · 17 posts · 5 votes
    10y

    Looks awesome!  Would love to hear about the numbers if you're open to sharing.

    1Reply
  • Shaun C.
    Royal Oak, MI · Member since 2015 · 257 posts · 230 votes
    10y

    Looking good! Hope we can do something together in six weeks or so.

    0Reply
  • Keith Jourdan
    OP
    Property Manager · Metro Detroit, MI · Member since 2008 · 305 posts · 362 votes
    10y
    Originally posted by @Mike Hibbs:

    Great job Keith Jourdan .

    I just moved to Royal Oak, and have began looking for potential flips. Curious to know what area of town this one is in? Also what was the purchase method? (MLS, Auction, wholesale)

    This one is in Allen Park. Just down the Southfield fwy from Royal Oak. We bought this one on the MLS, however good MLS deals are becoming harder to find these days around here.

    1Reply
  • Allende Hernandez
    Miami, FL · Member since 2011 · 299 posts · 75 votes
    10y

    Beautiful! Thanks for the pics and the inspiration!

    0Reply
  • Chris England
    Allen Park, MI · Member since 2016 · 32 posts · 3 votes
    10y

    House looks great. I actually walked this house. It's close to my home. Looking at what you guys have done to this really disappoints me that I haven't pulled the trigger on my first deal. I'd love to hear the numbers on the rehab cost. Keep up the good work. 

    0Reply
  • Keith Jourdan
    OP
    Property Manager · Metro Detroit, MI · Member since 2008 · 305 posts · 362 votes
    10y

    Thanks for the kind words everyone.

    House is now under contract, only after 2 days on market!

    A little worried about the appraisal...we shall see. When it closes I will post all the #'s.

    1Reply
  • Chris England
    Allen Park, MI · Member since 2016 · 32 posts · 3 votes
    9y
    Originally posted by @Keith Jourdan:

    Thanks for the kind words everyone.

    House is now under contract, only after 2 days on market!

    A little worried about the appraisal...we shall see. When it closes I will post all the #'s.

     Just curious on how the appraisal went on the flip? The home went off the market pretty quickly. 

    0Reply
  • Account Closed
    Stillwater, MN · Member since 2014 · 44 posts · 8 votes
    9y

    @Keith Jourdan Very well done! Do you have a GC that takes care of all the reno for you?

    0Reply
  • Keith Jourdan
    OP
    Property Manager · Metro Detroit, MI · Member since 2008 · 305 posts · 362 votes
    9y
    Originally posted by @Chris England:
    Originally posted by @Keith Jourdan:

    Thanks for the kind words everyone.

    House is now under contract, only after 2 days on market!

    A little worried about the appraisal...we shall see. When it closes I will post all the #'s.

     Just curious on how the appraisal went on the flip? The home went off the market pretty quickly. 

    Appraisal process was tricky. The first buyer offered 225 on the house with a conventional loan. They later switched to a FHA loan without telling me. The FHA appraisal came back at $225, then the lender required a second appraisal since it was a flip (title transferred less then 6 months ago...FHA flip guidelines) Of course the second appraisal came back in the 170s, killing the deal. The buyer then switched back to conventional loan and got a conventional appraisal and it came back at $225k. House sold for 225k, 1 day short of 6 months from close to close. Way longer then we were expecting but it was a pretty good profit margin.

    0Reply
  • Keith Jourdan
    OP
    Property Manager · Metro Detroit, MI · Member since 2008 · 305 posts · 362 votes
    9y
    Originally posted by @Account Closed:

    @Keith Jourdan Very well done! Do you have a GC that takes care of all the reno for you?

    I have a contractor that handles about 50% of everything. The rest I contract out myself to save money.  My contractor handles paint/tile/cabinets/ basic plumbing/ electrical/ lighting/ trash/ fit and finish / cleaning it up when done. 

    I contract out myself doors/carpet/ granite/ heating and cooling/ floor refinishing. 

    0Reply
  • Marlana Elliott
    Las Vegas , NV · Member since 2016 · 10 posts · 4 votes
    9y
    Nice!! Great job!
    0Reply
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