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All Forum Posts by: Jacques Cyr

Jacques Cyr has started 13 posts and replied 83 times.

Post: Needing an excellent contractor recommendation in Grand Rapids MI

Jacques CyrPosted
  • Flipper/Rehabber
  • Grosse Pointe, MI
  • Posts 90
  • Votes 21

I've worked with Amber Valley Construction on various projects. They're getting busy, but you might be able to contact Derek. Send me a note, and I'll provide you with his contact info. He's a good guy, with fair pricing, etc... 

Post: Distressed property - Seller contact information

Jacques CyrPosted
  • Flipper/Rehabber
  • Grosse Pointe, MI
  • Posts 90
  • Votes 21

@Brandon Turner... you're always a great resource for information. Not just here in the forums, but on the podcast, and webinars. Any recommendation for question above? 

Post: Distressed property - Seller contact information

Jacques CyrPosted
  • Flipper/Rehabber
  • Grosse Pointe, MI
  • Posts 90
  • Votes 21

Question for my fellow BP members. I've looked through the forums; however, I haven't found information on how to source the contact information for a home that's in distress. More specifically, I'm looking to identify the individual(s) who are currently that trustees / administrators for a local property that may be in probate. I've been able to get the name of the listed homeowner, although unfortunately it's my understanding that she's having health issues, and therefore a "trust-like" process has been put in place (according to next door neighbor). Any suggestions on sourcing the information? Thanks...  

Post: Great General Contractor Available -- West Michigan

Jacques CyrPosted
  • Flipper/Rehabber
  • Grosse Pointe, MI
  • Posts 90
  • Votes 21

@Bryenne Korte i'd be interested in his contact information as well. Thanks. 

Post: Financing out equity up to 80% LTV - Kalamazoo, MI area?

Jacques CyrPosted
  • Flipper/Rehabber
  • Grosse Pointe, MI
  • Posts 90
  • Votes 21

Hey BP... Looking for a little finance options advice for the Kalamazoo / West Michigan area.

We have a small SF which we've recently finished the renovation; however, it wasn't completed until October, and therefore a bit late in the year to put on the market to get optimum retail for. With that, we've recently rented the unit, and would like to finance out the initial investment, plus reno cost, which should be under the 80% LTV equity position. Spoke one local lender and he informed me that all Fannie Mae / Freddie Mac loans now require full (1) year of ownership in order to refinance existing capital expenditures.

Any local suggestions (i.e. Credit Union)?

Or suggest looking into service like Patch of Land, B2R, etc...?

Thanks in advance for suggestion(s).

Jacques

Post: SF Finance out existing capital options - Kalamazoo area

Jacques CyrPosted
  • Flipper/Rehabber
  • Grosse Pointe, MI
  • Posts 90
  • Votes 21

@Shaun Weekes

Sorry for duplication... forgot the @

Purchased in July 2016 for cash with partner ($22,720), put about $23K into ($12K from partner). ARV is $65K.

Looking to finance up to 80% LTV. (Payback partner with interest, and a bit of my rehab cost).

Thanks... Feel free to reach out via jacquesDOTcyrAThomevestorsDOTcom or on my mobile: six one seven, seven seven five, nine three five two.

Best,

Jacques

Post: SF Finance out existing capital options - Kalamazoo area

Jacques CyrPosted
  • Flipper/Rehabber
  • Grosse Pointe, MI
  • Posts 90
  • Votes 21

Purchased in July 2016 for cash with partner ($22,720), put about $23K into ($12K from partner). ARV is $65K.

Looking to finance up to 80% LTV. (Payback partner with interest, and a bit of my rehab cost).

Thanks... Feel free to reach out via  jacquesDOTcyrAThomevestorsDOTcom or on my mobile: six one seven, seven seven five, nine three five two.  

Best,

Jacques

Post: Equity/Credit Partner Wanted Kalamazoo, MI

Jacques CyrPosted
  • Flipper/Rehabber
  • Grosse Pointe, MI
  • Posts 90
  • Votes 21

Donna... actually the local Kalamazoo Area Rental Housing Association (do simple Google search for Karha) has a good monthly meet up for Rental investors. Similar to our RPOA meetings up here in GR.

Hope this helps. 

Jacques 

Post: SF Finance out existing capital options - Kalamazoo area

Jacques CyrPosted
  • Flipper/Rehabber
  • Grosse Pointe, MI
  • Posts 90
  • Votes 21

Hey BP... Looking for a little finance options advice for the Kalamazoo / West Michigan area. 

We have a small SF which we've recently finished the renovation; however, it wasn't completed until October, and therefore a bit late in the year to put on the market to get optimum retail for. With that, we've recently rented the unit, and would like to finance out the initial investment, plus reno cost, which should be under the 80% LTV equity position. Spoke one local lender and he informed me that all Fannie Mae / Freddie Mac loans now require full (1) year of ownership in order to refinance existing capital expenditures.

Any local suggestions (i.e. Credit Union)? 

Or suggest looking into service like Patch of Land, B2R, etc...? 

Thanks in advance for suggestion(s).

Jacque 

Post: Where to get a commercial loan in West Michigan?

Jacques CyrPosted
  • Flipper/Rehabber
  • Grosse Pointe, MI
  • Posts 90
  • Votes 21

Try Scott Jennings with First National Bank. send me a note and I'll get you his contact info