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All Forum Posts by: Keyonte Summers

Keyonte Summers has started 7 posts and replied 356 times.

Post: Looking for a CPA & lawyer in the Detroit area

Keyonte Summers
Posted
  • Harper Woods, MI
  • Posts 384
  • Votes 311

@Mark Harrison i have a CPA that set up my LLC and handles my book keeping I can refer you inbox me for his info

Post: 1.5 million dollar Detroit TurnKey Portfolio

Keyonte Summers
Posted
  • Harper Woods, MI
  • Posts 384
  • Votes 311

Send me a copy [email protected]

Post: My journey investing in Detroit

Keyonte Summers
Posted
  • Harper Woods, MI
  • Posts 384
  • Votes 311
Originally posted by @Jeff Marzo:

@Keyonte Summers let's connect sometime. I'm going to be investing time and money in the surrounding areas. Would love to connect

 Sure PM me maybe we can meet talk exchange info, whatever is needed to help you on your journey.

Post: Insurance challenges while investing in Detroit

Keyonte Summers
Posted
  • Harper Woods, MI
  • Posts 384
  • Votes 311

I have never had an insurance issue. I never keep tools in a vacant house no matter the area just makes the home a target. I dont go with big box insurance providers anymore you have to find the local ones that dont price by area code , city name and etc. I've seen homes in Detroit have 4k+ insurance quotes that are deal killers. 

Post: Market in Michigan ?

Keyonte Summers
Posted
  • Harper Woods, MI
  • Posts 384
  • Votes 311

Michigan has a great market and is a unique place when it comes to real -estate 

Post: Conventional loans on $30,000 homes in Detroit owner occupied

Keyonte Summers
Posted
  • Harper Woods, MI
  • Posts 384
  • Votes 311

My refi was from an investment property, I have several with them they dont include rent if you have a signed lease and the 2 years of rental income on your W2

Post: Conventional loans on $30,000 homes in Detroit owner occupied

Keyonte Summers
Posted
  • Harper Woods, MI
  • Posts 384
  • Votes 311
Originally posted by @Tristan Taylor:

@Keyonte Summers

Good stuff as I am also an OOS with my eye on the Fitz/Bagley area as I am in Detroit now driving the blocks.

When applying with Huntington, have you had any issues going through the process? Do they require tax returns and is an appraisal necessary? Have you ever refinanced with them ?

Let us know your experiences and Appreciate any insight that you may have!

Will be out there again the last weekend of the October. Would love to connect, if you are around !

I finished a refi last week with them and the require them normal financial statements like tax returns ,W2 and the order the appraisal which you pay for and it's 75% LTV , the areas you are searching now are over saturated at this point and I wouldn't recommend them anymore.

Post: Conventional loans on $30,000 homes in Detroit owner occupied

Keyonte Summers
Posted
  • Harper Woods, MI
  • Posts 384
  • Votes 311

@Rayisha B. You can get them in both person or LLC. LLC rates are higher so personal name than title to LLC. The Loans are for purchases. I usually use my heloc for rehabs or if purchase cash rehab and than refi later

Post: Detroit Lenders Under 70K...

Keyonte Summers
Posted
  • Harper Woods, MI
  • Posts 384
  • Votes 311

Huntington doesnt have a limit I've gotten a home for 35k, refi even lower than that. If you need a contact let me know

Post: Metro Detroit City Inspections

Keyonte Summers
Posted
  • Harper Woods, MI
  • Posts 384
  • Votes 311

You have a 3 inspections for rental certification lead inspection, lead risk assesment and the regular inspection. Can be expensive for the lead usually 800 for both. They have a list they look for and can difficult depending if tenants are in place or not. Online you should be able to find exactly what they inspect.