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Justin: Real estate
is a hot commodity,

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00:00:04,599 --> 00:00:06,601
but around every corner,

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00:00:06,704 --> 00:00:08,775
danger lurks...

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from zombie houses.

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These rotting corpses
aren't just ugly...

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Keith: What happened?

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...they're dangerous.

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Whoa!

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Fire.
Get out of there.

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00:00:19,717 --> 00:00:22,410
And they can drag down
an entire neighborhood...

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Justin: It's the ugliest house
on the street.

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...but their days are numbered.

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Here in Orlando, Florida,

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taking on these monstrosities
is our specialty.

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Renovating the ugly stuff
is what we do.

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Ew.
Our team tracks
these filthy zombies down...

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This place is a total dump,
but at least this room is huge.

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...and pumps new life
into them...

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Maybe I got heat stroke, but I'm
falling in love with this place.

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...flipping them
into sweet homes...

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- Wow.
- This is amazing.

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- ...that we can sell...
- We are ready to go.

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Justin: ...for an even
sweeter payday.

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Here's to selling
another house.

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This...

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is "Zombie House Flipping."

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Captioning provided by
A+E Networks

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♪

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Justin: Ash,
what are we up to today?

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Ashlee: One of our agents
told us

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that she knows
another agent

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that was about
to list a property,

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and it's a total zombie,
so we're getting a preview.

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Man, in this market,
that's really important, too,

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'cause it's so hard
to find houses.

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The real-estate market's
going crazy right now.

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And in Orlando, we're one
of the most competitive markets

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in the entire country.

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And there are over
1,500 new residents

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moving here every single week.

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That means houses
are in high demand

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and developers
are gobbling properties up,

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making it harder than ever
to find a good zombie

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that we can flip.

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So, off-market.

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Yes, it's off-market today,
today only. Okay.

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We've been able
to stay competitive,

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partly because
of our reputation.

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People know that
we flip zombies,

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so that helps us get the inside
track on off-market deals.

51
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But we also stepped up
our business profile.

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Justin and I started a new
brokerage called Blueprint.

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Since we have our own agents,
we save money on commission.

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That way, we can do more
targeted marketing on the deals

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that we want,
and we also keep our finger

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on the pulse
of Orlando real estate.

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We even ditched our home offices

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and we rented an actual house
as our new office.

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It's a nice, comfortable setting
for meeting clients

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and coordinating
all our different jobs.

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I haven't done
any research.

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I literally jumped
in the car, heading down.

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And scooped us,
- and here we are.
- Yeah, got you guys.

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Ashlee: When Keith saw
the benefits to this approach,

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he was excited to jump on board,

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but Duke has decided
to step back a bit,

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at least for now.
We'll see if that changes,

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but in the meantime,
it's onward and upward.

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Justin: What do we know
about the house?

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It's in College Park,
Spruce Street.

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Oh, yeah. A friend of mine
did a retail deal

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on Spruce Street last year.
Full-price offer day one.

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College Park is on fire
right now, too.

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Yeah, for sure. Yeah.

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Ashlee: College Park is a hip
and affluent neighborhood

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right on the edge of downtown.

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It's known for great schools,
really good shopping,

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and there's an eclectic mix
of homes there,

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from large estates to smaller
starter homes for families.

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You get the right house in the
right place in College Park,

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you're talking about walk
to dining and, like,

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there's some really,
really cool stuff here.

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So is it, like,
concrete block?

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I think it's like
under 1,000 square feet,

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so it's fairly small
and it's 1920s.

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That's almost 100 years
of potential problems, right?

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But think of the charm
and the character.

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Let's see it before we, like,
imagine charm and character.

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It's like a blind date.
Like, the more I'm hearing

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about this, you know--

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The less teeth she has.

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[ Laughs ]

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Yeah,
something like that.

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[ Laughter ]

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- Are we here?
- It's kind of cute, right?

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♪

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♪

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Who cares about the house?
Look at that.

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It's one house away
from the highway.

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That's like a 40-foot wall.

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But you can't even see
the highway, just a wall.

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Yeah, because they put
a 40-foot concrete wall

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up to block the highway.

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Hey, my friend sold the house
next door for $330,000.

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We know all that matters is we
can buy it for the right price

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because we already know
what we can sell it for.

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True.
Let's go.

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♪

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Well,
it's definitely a zombie.

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It's the ugliest house
on the street.

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Yeah.
I see some wood rot.

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Soffit's peeling
under there.

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It needs a new fence.
It has trees hanging over

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that look
kind of rotten right there.

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It looks like it has
led a hard life.

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It's not all bad.

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To me,
the roof looks fairly new,

118
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and I'm told there's a new
A.C. unit in the attic.

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- But so tiny.
- Yeah.

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The house is just
a little over 1,000 square feet.

121
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It has two bedrooms,
which are joined

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by a Jack and Jill bathroom
between them.

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The kitchen is galley style,

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and it connects to a sunroom
in the back.

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There's also a separate
two-car garage.

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And the seller is planning
to list it for 250 grand.

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Why don't we go inside
- and take a look?
- Yeah.

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'Cause I'm curious
to see what it looks like

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- on the inside.
- Let's go.

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♪

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Keith: Not bad.

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Hey, guys,
southern heart pine floors.

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Wait a minute. Termites.

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- Justin: Eaten up.
- Ashlee: Ooh.

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So structurally,
we might have an issue.

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Guys, come here,
look in the bedroom.

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Termites ate right through
the floor here.

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- Geez.
- Ooh.

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Oh, that's so soft.

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Oh, my God.
- Don't break it.
- Look at all
that termite poop.

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Well, what I'm thinking is worse
would be if the subfloor

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and everything below
that is--

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There is no subfloor here.

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So that's just straight earth
down there. Yeah.

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Keith: This wood's
pretty gnarly looking,

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but maybe it just needs
a patch job.

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However, if the termite damage
is extensive,

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this house,
like our reno budget,

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could become a bottomless pit.

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Well, should we look around
and see what else we can find?

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Yeah.
The bathroom.

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Oh! Are they worms?

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- Yeah, something.
- Ew, disgusting.

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I mean, it makes sense, though.
We got holes in the floor

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with nothing below it.

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Yeah, but that doesn't explain
all the filth in here.

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Justin: There's no saving
any of this.

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All of this has got to go.

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This is nasty. Okay.
Looking like a haunted house.

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Well, let's see
the other bedroom

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in this house of horrors.

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Bedroom number two.
Oh, not too bad.

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Mostly looks like
it needs cosmetic work.

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Keith: Look,
more termite trails.

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They're heading right back out
to the living room.

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Hey, guys, did you check out
these windows?

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Keith: These are really cool.
These are called four-over-ones.

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That's a real vintage style.

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Unfortunately,
it doesn't work.

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It looks like it would cost
a fortune to fix it.

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We're looking at
500 bucks per window.

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Oh, wow.

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Ashlee: There are five of these
old windows in this room alone,

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and the bedrooms
have them as well.

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So we're looking at definitely
a few thousand dollars

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in repairs right there.

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Justin: Well, onto the kitchen.

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Layout is terrible.

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- Yeah.
- This isn't even a layout.

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They haphazardly dropped
appliances in different places.

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It's the lack of cabinets, though.

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It's like,
we can tear these out.

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I think you have
to tear them out.

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The further we get into this,
the less I'm seeing money.

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And we got roaches.

186
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There's one on the loose
right now.

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Hey, there's
another one right there.

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- Ew.
- We haven't even seen
the rest of the house.

189
00:07:03,086 --> 00:07:05,398
So here's the rest
of the house.

190
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This place
is getting worse.

191
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Yeah, wow,
what is up with that?

192
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Some slope.

193
00:07:12,302 --> 00:07:14,856
This was an outdoor porch
at one time.

194
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They closed it in.

195
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Indoor laundry.

196
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Until this part of the house
falls off,

197
00:07:19,758 --> 00:07:21,622
and then
it's outdoor again.

198
00:07:21,725 --> 00:07:24,141
Speaking of outdoors,
let's go check out the backyard.

199
00:07:24,245 --> 00:07:25,453
Alright.
Okay.

200
00:07:25,557 --> 00:07:28,318
I see a lot of wood rot.
This has to be demo'd.

201
00:07:28,421 --> 00:07:30,423
Justin: Let's go check out
that huge garage.

202
00:07:32,943 --> 00:07:34,427
This is large.

203
00:07:34,531 --> 00:07:36,429
Keith: That's about the kindest
thing you can say about it.

204
00:07:36,533 --> 00:07:38,121
It is zoned R-2,

205
00:07:38,224 --> 00:07:39,916
so you can have
an additional dwelling.

206
00:07:40,019 --> 00:07:43,436
I think maybe if we, like, made
this a bedroom.

207
00:07:43,540 --> 00:07:46,301
That could be a kitchen,
bathroom right there.

208
00:07:46,405 --> 00:07:48,027
It would have to have
its own water heater, yeah?

209
00:07:48,131 --> 00:07:50,685
Its own A.C.,
windows, doors,

210
00:07:50,789 --> 00:07:52,445
drywall, insulation.

211
00:07:52,549 --> 00:07:53,964
If we did that,
this would be the gift

212
00:07:54,068 --> 00:07:56,898
that keeps on giving, right?
Like, forever.

213
00:07:57,002 --> 00:08:01,109
Turning this garage into a guest
house would be expensive,

214
00:08:01,213 --> 00:08:02,628
but it's the kind of thing
that could boost

215
00:08:02,732 --> 00:08:04,354
the selling price
of the property

216
00:08:04,457 --> 00:08:08,220
and become a good revenue stream
for a potential buyer.

217
00:08:08,323 --> 00:08:10,463
I'd call that a win-win.

218
00:08:10,567 --> 00:08:12,258
Ashlee: So what
do you guys think?

219
00:08:12,362 --> 00:08:14,053
Justin: This house has
a couple big pros--

220
00:08:14,157 --> 00:08:15,330
new roof, new HVAC.

221
00:08:15,434 --> 00:08:17,505
Those are pros.
There's a lot of cons.

222
00:08:17,609 --> 00:08:20,232
I mean, windows,
floors, the kitchen.

223
00:08:20,335 --> 00:08:22,199
I don't even know
how we're gonna solve that.

224
00:08:22,303 --> 00:08:23,925
Plus, the wall.

225
00:08:24,029 --> 00:08:25,202
Ashlee: Okay,
but aside from that,

226
00:08:25,306 --> 00:08:27,101
what would it cost
to fix this place up?

227
00:08:27,204 --> 00:08:30,380
Inside this house,
I'm thinking $55,000.

228
00:08:30,483 --> 00:08:32,589
And then if we do the garage,
to convert

229
00:08:32,693 --> 00:08:35,178
that to a living space,
that's another $25,000.

230
00:08:35,281 --> 00:08:38,146
- Yeah.
- So I'm thinking
a cool $80,000 to do both.

231
00:08:38,250 --> 00:08:39,216
I have a lot of concerns

232
00:08:39,320 --> 00:08:41,184
about us
making money on this one.

233
00:08:41,287 --> 00:08:43,773
It's College Park.
It's gonna sell.

234
00:08:43,876 --> 00:08:44,981
College Park
is one of those areas

235
00:08:45,084 --> 00:08:46,499
that's always in demand.

236
00:08:46,603 --> 00:08:49,330
And if this house was turnkey,
it could get a great price.

237
00:08:49,433 --> 00:08:51,228
But as-is, no way.

238
00:08:51,332 --> 00:08:53,127
I think the listing agent
overshot the market

239
00:08:53,230 --> 00:08:54,922
a little bit
for developers on this one,

240
00:08:55,025 --> 00:08:58,166
so if we come in with a slightly
lower but reasonable offer,

241
00:08:58,270 --> 00:08:59,823
I think they might jump at it
and be done.

242
00:08:59,927 --> 00:09:02,688
We offer $180,000,
just see what happens.

243
00:09:02,792 --> 00:09:05,449
And then I think
our max allowable offer

244
00:09:05,553 --> 00:09:08,211
is like $210,000.$210,000, yeah.

245
00:09:08,314 --> 00:09:09,177
I'm in.
Yeah!

246
00:09:09,281 --> 00:09:10,282
- Cool.
- Flip in College Park.

247
00:09:10,385 --> 00:09:12,318
- Alright. We're on our way.
- Let's do it.

248
00:09:15,770 --> 00:09:17,289
Justin: The seller wouldn't bite
on our offer

249
00:09:17,392 --> 00:09:18,842
of 180 grand.

250
00:09:18,946 --> 00:09:21,880
And we eventually settled
on a price of $220,000--

251
00:09:21,983 --> 00:09:24,227
a lot less than $250,000

252
00:09:24,330 --> 00:09:26,643
but not quite as good
as we had hoped.

253
00:09:26,747 --> 00:09:28,611
There's still profit
to be made here,

254
00:09:28,714 --> 00:09:30,820
but with the price
volatility of materials

255
00:09:30,923 --> 00:09:32,684
and the ongoing labor shortage,

256
00:09:32,787 --> 00:09:35,065
I've decided not to commit
on this big,

257
00:09:35,169 --> 00:09:37,102
hefty garage renovation.

258
00:09:37,205 --> 00:09:38,448
Sorry, Keith.

259
00:09:38,551 --> 00:09:41,071
Instead, we'll give ourselves
55 grand

260
00:09:41,175 --> 00:09:42,521
for this renovation,

261
00:09:42,625 --> 00:09:45,317
and if we can finish this flip
in about two months,

262
00:09:45,420 --> 00:09:48,458
we anticipate another 20 grand
in loan interest

263
00:09:48,561 --> 00:09:49,908
and closing cost,

264
00:09:50,011 --> 00:09:53,463
putting us all in
at around $295,000.

265
00:09:53,566 --> 00:09:56,155
If we can hit
our asking price of $330,000,

266
00:09:56,259 --> 00:10:00,263
that'll net us around $35,000
on this project.

267
00:10:00,366 --> 00:10:03,093
This two-bed, one-bath house
doesn't really have enough room

268
00:10:03,197 --> 00:10:04,439
to change its layout,

269
00:10:04,543 --> 00:10:06,269
but we are going to update
some spaces,

270
00:10:06,372 --> 00:10:09,065
starting with the bathroom.

271
00:10:09,168 --> 00:10:11,515
We'll turn the closet
into a dual-sink vanity,

272
00:10:11,619 --> 00:10:13,552
which allows us to get rid
of that single sink

273
00:10:13,656 --> 00:10:16,072
and open up the space more.

274
00:10:16,175 --> 00:10:18,212
We'll also ditch
that dingy old tub

275
00:10:18,315 --> 00:10:21,180
and put in a new tiled shower.

276
00:10:21,284 --> 00:10:23,631
Then we'll open up the kitchen
by knocking down the wall

277
00:10:23,735 --> 00:10:26,669
between it and the living room
and putting in a peninsula

278
00:10:26,772 --> 00:10:29,085
with a sink
and a dishwasher.

279
00:10:29,188 --> 00:10:31,328
We'll put in a stove with
the hood along the back wall,

280
00:10:31,432 --> 00:10:33,192
framed by upper
and lower cabinets,

281
00:10:33,296 --> 00:10:35,539
and then close up the window
to the sunroom for another wall

282
00:10:35,643 --> 00:10:37,680
of cabinets
and a spot for the fridge.

283
00:10:37,783 --> 00:10:42,374
♪

284
00:10:42,477 --> 00:10:43,651
Whoa!

285
00:10:46,205 --> 00:10:48,138
- Justin: Hey, we're here!
- I can see that.

286
00:10:48,242 --> 00:10:50,693
Who's ready to break
something, huh?

287
00:10:50,796 --> 00:10:52,660
Demo day, guys.
My favorite.

288
00:10:52,764 --> 00:10:54,041
About to get after it.

289
00:10:54,144 --> 00:11:00,150
♪

290
00:11:00,254 --> 00:11:06,363
♪

291
00:11:06,467 --> 00:11:07,468
Okay.

292
00:11:07,571 --> 00:11:10,057
It's getting very hot,
very dusty.

293
00:11:10,160 --> 00:11:13,060
It's time to let my truck
do some heavy lifting.

294
00:11:15,269 --> 00:11:19,100
After all, we got a whole deck
to get rid of.

295
00:11:19,204 --> 00:11:22,379
Okay.

296
00:11:22,483 --> 00:11:24,243
Don't pull down
the whole house, okay?

297
00:11:24,347 --> 00:11:25,175
Just the deck.

298
00:11:25,279 --> 00:11:26,521
I'll do my best.

299
00:11:26,625 --> 00:11:31,664
♪

300
00:11:31,768 --> 00:11:33,390
Here goes nothing.

301
00:11:34,875 --> 00:11:36,566
Oh!
Justin: There we go.

302
00:11:36,669 --> 00:11:37,360
Whoa!

303
00:11:37,463 --> 00:11:38,810
One more tug.

304
00:11:38,913 --> 00:11:40,397
♪

305
00:11:40,501 --> 00:11:42,503
Whoo! [ Laughs ]

306
00:11:42,606 --> 00:11:44,436
Ashlee: Oh, God,
look at the foundation.

307
00:11:44,539 --> 00:11:47,853
Uh-oh. That's a whole nother
can of worms we might've opened.

308
00:11:47,957 --> 00:11:49,441
It looks like
our termite problem

309
00:11:49,544 --> 00:11:51,201
is a lot worse than we thought.

310
00:11:51,305 --> 00:11:53,479
They have hollowed
this stuff out.

311
00:11:53,583 --> 00:11:55,102
I mean, look, you can almost see
through it.

312
00:11:55,205 --> 00:11:56,275
Ashlee:
It's just like sawdust.

313
00:11:56,379 --> 00:11:58,657
It's mulch.
That's all that is.

314
00:11:58,761 --> 00:12:01,694
This is becoming less and less
of a bargain by the minute,

315
00:12:01,798 --> 00:12:03,489
and we just started.

316
00:12:08,736 --> 00:12:10,911
- Chris: Hey, what's up, guys?
- Justin: Hey, I'm Justin.

317
00:12:11,014 --> 00:12:12,291
- Yeah, I'm Chris.
- Nice to meet you, man.

318
00:12:12,395 --> 00:12:14,777
- Nice to meet you. Chris.
- Keith. Great to meet you.

319
00:12:14,880 --> 00:12:17,296
It took a few days to get
the exterminators out here

320
00:12:17,400 --> 00:12:19,920
because everybody
in the home-renovation arena

321
00:12:20,023 --> 00:12:22,301
is busy these days,

322
00:12:22,405 --> 00:12:24,407
but I'm hoping that
they can debug this house

323
00:12:24,510 --> 00:12:26,305
without straight bugging out
our budget.

324
00:12:26,409 --> 00:12:29,757
So this is how we knew.

325
00:12:29,861 --> 00:12:32,346
There's really not much
structural integrity left to it.

326
00:12:32,449 --> 00:12:35,798
Yeah. The wood's all tore up,
kind of paper thin.

327
00:12:35,901 --> 00:12:37,247
Would that be dry-wood?

328
00:12:37,351 --> 00:12:39,215
Dry-wood termites, yep.

329
00:12:39,318 --> 00:12:40,975
Yeah, they're
all around this area.

330
00:12:41,079 --> 00:12:42,735
Well, they ate
our back deck for lunch

331
00:12:42,839 --> 00:12:45,497
and they're working on the rest
of this place for dessert.

332
00:12:45,600 --> 00:12:49,190
Also found turds
that aren't termite turds.

333
00:12:49,294 --> 00:12:50,122
Come check it out
over here.

334
00:12:50,226 --> 00:12:51,054
My favorite thing.

335
00:12:51,158 --> 00:12:52,297
What are those?

336
00:12:52,400 --> 00:12:54,782
Those are American roach
droppings, my friend.

337
00:12:54,886 --> 00:12:57,164
- American Roach droppings?
- American roach droppings.

338
00:12:57,267 --> 00:12:58,821
Just be glad
they're not German roaches.

339
00:12:58,924 --> 00:13:00,270
- Oh, really?
- Oh, yeah.

340
00:13:00,374 --> 00:13:01,927
They're, like, more organized
and efficient and stuff.

341
00:13:02,031 --> 00:13:03,515
And they come in numbers.

342
00:13:03,618 --> 00:13:04,412
[ Laughter ]

343
00:13:04,516 --> 00:13:06,725
The Blitzkrieg, okay.

344
00:13:06,829 --> 00:13:08,831
Alright,
so we're turning to the pros.

345
00:13:08,934 --> 00:13:10,039
Now what do we do?

346
00:13:10,142 --> 00:13:14,526
Man, we got to put a tent
over this bad boy.

347
00:13:14,629 --> 00:13:16,631
Keith: And that's what
I was afraid of.

348
00:13:16,735 --> 00:13:18,841
Tenting a house,
it's not just expensive,

349
00:13:18,944 --> 00:13:22,534
it shuts down all the work
on the project for days.

350
00:13:22,637 --> 00:13:25,054
This house is bugging me
in every way possible.

351
00:13:25,157 --> 00:13:28,195
Never in my life have
I hated being right this much.

352
00:13:28,298 --> 00:13:30,128
This renovation's
been a circus.

353
00:13:30,231 --> 00:13:31,646
All we're missing
is a tent.

354
00:13:31,750 --> 00:13:33,096
Yeah.
And now we got it.

355
00:13:35,443 --> 00:13:37,411
Keith: The exterminators get
to work covering our house

356
00:13:37,514 --> 00:13:41,001
with an airtight tent
made out of vinyl-coated nylon.

357
00:13:41,104 --> 00:13:43,141
They'll fill the structure
with a poisonous gas

358
00:13:43,244 --> 00:13:44,797
called sulfuryl fluoride,

359
00:13:44,901 --> 00:13:47,352
which is commercially
known as Vikane.

360
00:13:47,455 --> 00:13:49,664
The gas permeates
the entire structure,

361
00:13:49,768 --> 00:13:52,322
including behind walls
and under floors,

362
00:13:52,426 --> 00:13:56,050
and it kills all the termites
and any other pests.

363
00:13:56,154 --> 00:13:57,362
Meanwhile, in the garage,

364
00:13:57,465 --> 00:13:59,882
they apply a localized
pesticide spray

365
00:13:59,985 --> 00:14:02,850
since the wood there
is already exposed.

366
00:14:02,954 --> 00:14:05,128
The fumigation process
takes two nights,

367
00:14:05,232 --> 00:14:07,510
at which point the exterminator
removes the tent

368
00:14:07,613 --> 00:14:09,753
and makes sure
it's safe to enter.

369
00:14:09,857 --> 00:14:12,273
It's time and money
we didn't expect to lose,

370
00:14:12,377 --> 00:14:14,793
but it's a hit our reno budget
has to take.

371
00:14:14,897 --> 00:14:17,692
♪

372
00:14:19,453 --> 00:14:29,118
♪

373
00:14:29,221 --> 00:14:30,533
Justin: Now that we have
the bugs out of our house,

374
00:14:30,636 --> 00:14:34,261
it's time to get the bugs
out of our electrical system.

375
00:14:34,364 --> 00:14:37,367
We have a crew from
Electrical Surgeon here today

376
00:14:37,471 --> 00:14:40,060
swapping out the old, outdated
electrical panel,

377
00:14:40,163 --> 00:14:43,304
which is the hub of all power
coming into this house.

378
00:14:43,408 --> 00:14:45,858
It distributes electricity
to the sub-panels

379
00:14:45,962 --> 00:14:47,895
and several different areas.

380
00:14:47,999 --> 00:14:51,968
If a circuit gets overloaded,
it shuts off or pop a breaker.

381
00:14:52,072 --> 00:14:56,076
But if the system fails, it can
get overheated and start a fire.

382
00:14:56,179 --> 00:14:57,387
So getting a new panel

383
00:14:57,491 --> 00:14:59,631
and replacing
all the old raggedy wiring

384
00:14:59,734 --> 00:15:01,564
is an absolute must.

385
00:15:04,429 --> 00:15:07,915
Unfortunately, we hit another
unexpected cost in the attic.

386
00:15:08,019 --> 00:15:11,125
It turns out only half of that
HVAC system is new

387
00:15:11,229 --> 00:15:13,817
and the rest of it
needs to be replaced.

388
00:15:13,921 --> 00:15:16,027
So we have a crew here
installing all new ductwork

389
00:15:16,130 --> 00:15:18,512
in the attic
and putting a new condenser unit

390
00:15:18,615 --> 00:15:21,308
on the ground outside.

391
00:15:21,411 --> 00:15:24,656
These unexpected expenses have
already cost us about 10 grand,

392
00:15:24,759 --> 00:15:28,453
which we didn't anticipate
on spending.

393
00:15:28,556 --> 00:15:31,559
So going over budget
is pretty darn likely.

394
00:15:31,663 --> 00:15:33,906
Hopefully, we're done
with all these surprises.

395
00:15:36,254 --> 00:15:43,261
♪

396
00:15:43,364 --> 00:15:44,917
Keith: Man,
I love College Park.

397
00:15:45,021 --> 00:15:47,955
Dude, had the opportunity
to buy this house years ago

398
00:15:48,059 --> 00:15:50,302
and turned it down.
Thought it was overpriced

399
00:15:50,406 --> 00:15:52,995
at like 300 grand.[ Laughs ]

400
00:15:53,098 --> 00:15:54,755
It's worth
a cool $600,000 now.

401
00:15:54,858 --> 00:15:58,724
That's crazy. Prices on houses
just keep going up and up.

402
00:15:58,828 --> 00:16:01,382
And back in 2009,
everything crashed.

403
00:16:01,486 --> 00:16:04,109
But that was because there was
just free money everywhere.

404
00:16:04,213 --> 00:16:07,526
Now the problem
is we don't have enough houses.

405
00:16:07,630 --> 00:16:08,941
What do you think's
gonna happen next?

406
00:16:09,045 --> 00:16:10,115
I don't know, man.

407
00:16:10,219 --> 00:16:11,530
I think prices
are gonna keep going up,

408
00:16:11,634 --> 00:16:13,015
but the problem is,
it's just really hard to, like,

409
00:16:13,118 --> 00:16:16,432
track down good deals and being
over-leveraged on cash.

410
00:16:16,535 --> 00:16:19,021
- Right.
- That's how people go belly-up.

411
00:16:19,124 --> 00:16:21,092
Well, speaking
of being over-leveraged,

412
00:16:21,195 --> 00:16:23,335
I got a lot of concerns
about this Spruce house.

413
00:16:23,439 --> 00:16:26,959
The wood rot in the floors
and on the back of the house.

414
00:16:27,063 --> 00:16:28,340
Yeah.
I mean...

415
00:16:28,444 --> 00:16:30,204
- Yikes.
- Keith: Now that
the exterminators

416
00:16:30,308 --> 00:16:31,792
got rid of the termites,
we need to see

417
00:16:31,895 --> 00:16:33,932
what kind of damage
the termites left behind.

418
00:16:34,036 --> 00:16:35,761
So we got to go
under that house

419
00:16:35,865 --> 00:16:37,487
and we got to know
we're dealing with.

420
00:16:37,591 --> 00:16:39,179
Yep.

421
00:16:39,282 --> 00:16:41,112
I'm actually afraid
to see what it looks like

422
00:16:41,215 --> 00:16:42,665
under this house
because we already know

423
00:16:42,768 --> 00:16:43,838
we don't have a subfloor.

424
00:16:43,942 --> 00:16:45,116
We just have a floor.

425
00:16:45,219 --> 00:16:46,738
If it's not structurally sound,

426
00:16:46,841 --> 00:16:48,878
there goes our bottom line
right there,

427
00:16:48,981 --> 00:16:51,467
both literally
and figuratively.

428
00:16:51,570 --> 00:16:54,815
[ Grunts ]
It is so musty under here.

429
00:16:54,918 --> 00:16:58,163
Alright. So I'm seeing some
termite damage on the rafters,

430
00:16:58,267 --> 00:17:03,789
but it's not worst-case...
scenario.

431
00:17:03,893 --> 00:17:07,172
What? Hang on.

432
00:17:07,276 --> 00:17:10,002
Justin,
I'm in the front bedroom.

433
00:17:10,106 --> 00:17:12,246
Down here--
Oh, hey, buddy.

434
00:17:12,350 --> 00:17:13,420
What you doing
down there?

435
00:17:13,523 --> 00:17:16,388
So actually,
we have some good news.

436
00:17:16,492 --> 00:17:19,978
Yeah?
Even though the floors
are totally torn up,

437
00:17:20,082 --> 00:17:22,014
the rafters are actually in
really pretty good shape,

438
00:17:22,118 --> 00:17:23,188
surprisingly.

439
00:17:23,292 --> 00:17:24,879
- That is surprising.
- Yeah.

440
00:17:24,983 --> 00:17:27,296
I'm gonna go try to see if I can
come up through the floor

441
00:17:27,399 --> 00:17:28,849
instead of having to crawl
all the way out of here,

442
00:17:28,952 --> 00:17:30,506
because that's gonna be
a pain in the ass.

443
00:17:30,609 --> 00:17:33,198
Oh, wait, I think
you can get through here.

444
00:17:33,302 --> 00:17:36,891
Actually, I might, but--

445
00:17:36,995 --> 00:17:39,515
Yeah, look at that.

446
00:17:39,618 --> 00:17:41,275
Oh [bleep]
Where'd you come from?

447
00:17:41,379 --> 00:17:42,552
Keith: [ Laughs ]

448
00:17:42,656 --> 00:17:46,177
Alright. Let me see
if I can fit through there.

449
00:17:46,280 --> 00:17:47,695
Dude, that's legit.

450
00:17:47,799 --> 00:17:49,145
Keith: The termite damage
doesn't seem

451
00:17:49,249 --> 00:17:51,699
like it goes much
beyond what we've already seen,

452
00:17:51,803 --> 00:17:54,668
so I think we've squeezed
our way out of a jam.

453
00:17:54,771 --> 00:17:56,463
Keith: Structurally, the house
looks really sound.

454
00:17:56,566 --> 00:17:57,912
I'm really surprised.

455
00:17:58,016 --> 00:18:00,225
That's great. Let's go get you
showered up, man.

456
00:18:00,329 --> 00:18:01,399
Ugh! [ Coughs ]

457
00:18:01,502 --> 00:18:03,849
[ Laughs ]
I feel like Pig Pen.

458
00:18:03,953 --> 00:18:06,887
Good Lord. Yeah. Ugh.

459
00:18:06,990 --> 00:18:09,200
Now I know why everybody
stood so far away from him.

460
00:18:09,303 --> 00:18:11,098
[ Laughs ]

461
00:18:11,202 --> 00:18:13,065
It's a huge relief to know
that we don't actually

462
00:18:13,169 --> 00:18:15,965
have to redo the entire
foundation of this house.

463
00:18:18,692 --> 00:18:21,143
But we still need a crew to go
under the sagging back

464
00:18:21,246 --> 00:18:23,593
half of the house,
prop it up with the jack

465
00:18:23,697 --> 00:18:25,699
while they run
new supporting cross beams

466
00:18:25,802 --> 00:18:27,425
and tie them into the joists.

467
00:18:27,528 --> 00:18:32,637
♪

468
00:18:32,740 --> 00:18:35,847
We're also patching up the
siding on this ragged zombie.

469
00:18:39,161 --> 00:18:41,301
Our carpenter's cutting out
all the old rot

470
00:18:41,404 --> 00:18:44,683
and replacing it with new slats
to match the original ones.

471
00:18:44,787 --> 00:18:47,514
♪

472
00:18:50,172 --> 00:18:52,864
We gave ourselves 55 grand
to spend on this renovation,

473
00:18:52,967 --> 00:18:55,107
and we've already spent
about $19,000,

474
00:18:55,211 --> 00:18:59,146
which is really double what
we expected to spend by now.

475
00:18:59,250 --> 00:19:02,218
And with material prices
continuing to rise,

476
00:19:02,322 --> 00:19:03,530
we need to figure out a way

477
00:19:03,633 --> 00:19:07,430
to keep our profit
from dropping too much.

478
00:19:07,534 --> 00:19:16,059
♪

479
00:19:16,163 --> 00:19:17,923
Ashlee: Is this our usual
tree-trimming crew?

480
00:19:18,027 --> 00:19:20,374
Keith: I don't know.
Justin hired him.

481
00:19:20,478 --> 00:19:21,824
Oh, my God, it's gonna hit
the guy.

482
00:19:21,927 --> 00:19:23,170
Oh, my God. Watch out!

483
00:19:23,274 --> 00:19:25,207
Don't fall off the roof.

484
00:19:25,310 --> 00:19:26,691
Oh.
Wow.

485
00:19:29,556 --> 00:19:30,833
If that falls on the garage,
what's gonna happen?

486
00:19:30,936 --> 00:19:32,835
It'll go through
the garage.

487
00:19:32,938 --> 00:19:35,872
Oh, my God, Keith.
Watch. Look.

488
00:19:35,976 --> 00:19:37,529
Oh. Ahh!
Oh.

489
00:19:42,051 --> 00:19:43,397
- Wow, wow.
- I thought that was gonna
hit the roof.

490
00:19:43,501 --> 00:19:44,536
I thought that was
going straight down.

491
00:19:44,640 --> 00:19:45,744
Yeah.
No, I thought it was--

492
00:19:45,848 --> 00:19:48,160
I didn't think the rope
was gonna support that.

493
00:19:48,264 --> 00:19:50,093
Yo, yo, yo.
Good morning.

494
00:19:50,197 --> 00:19:51,302
Hey! You made it.

495
00:19:51,405 --> 00:19:52,682
What up, K.O.?
Hey, buddy.

496
00:19:52,786 --> 00:19:54,270
How's all this going?

497
00:19:54,374 --> 00:19:56,307
Keith: Alright. I guess Justin
really knew what he was doing

498
00:19:56,410 --> 00:19:58,585
when he hired this crew.
I thought they were gonna

499
00:19:58,688 --> 00:20:01,726
give our garage
an unwanted skylight.

500
00:20:01,829 --> 00:20:04,936
But you know what? Turns out
they're on top of their game.

501
00:20:05,039 --> 00:20:06,765
Really impressive,
because that was--

502
00:20:06,869 --> 00:20:08,457
that's like
a worst-case-scenario tree,

503
00:20:08,560 --> 00:20:10,493
and they're knocking it out
like it's nothing.

504
00:20:10,597 --> 00:20:13,324
You know, it's like such
a barbaric system,

505
00:20:13,427 --> 00:20:14,773
but it works. Yeah.

506
00:20:14,877 --> 00:20:17,397
A rope, a chainsaw,
and a couple guys tugging.

507
00:20:17,500 --> 00:20:18,294
Yeah, amazing.

508
00:20:18,398 --> 00:20:19,157
Whoa!

509
00:20:19,261 --> 00:20:20,641
Whoo! Oof!

510
00:20:20,745 --> 00:20:23,989
♪

511
00:20:24,093 --> 00:20:26,164
Justin: Piece by piece,
our expert landscape crew

512
00:20:26,268 --> 00:20:28,131
takes down
all the dead branches,

513
00:20:28,235 --> 00:20:31,859
leaving the roof to our garage
out of harm's way.

514
00:20:31,963 --> 00:20:33,999
Now we can get to work
on the rest of this place

515
00:20:34,103 --> 00:20:36,139
without getting crushed
from above.

516
00:20:36,243 --> 00:20:38,832
♪

517
00:20:41,179 --> 00:20:43,975
♪

518
00:20:44,078 --> 00:20:46,218
It's time to restore
these vintage windows,

519
00:20:46,322 --> 00:20:48,082
so the team
from Austin Historical

520
00:20:48,186 --> 00:20:50,809
is here replacing
all the pulleys and glass

521
00:20:50,913 --> 00:20:54,434
and painting the wood frames
a color called tricorn black.

522
00:20:54,537 --> 00:20:58,058
Unfortunately, the labor cost
on the specialty restoration

523
00:20:58,161 --> 00:21:00,025
is more expensive than it used
to be--

524
00:21:00,129 --> 00:21:03,477
a couple grand, actually, more
than we thought it would be.

525
00:21:03,581 --> 00:21:06,756
And with the plumbing,
the hits keep coming.

526
00:21:06,860 --> 00:21:10,070
The plumbers are having to redo
the lines in the house,

527
00:21:10,173 --> 00:21:12,141
under the house,

528
00:21:12,244 --> 00:21:14,281
and even the main line
out to the street,

529
00:21:14,385 --> 00:21:17,767
which we were hoping
was still in good shape.

530
00:21:17,871 --> 00:21:20,598
Flipping this property is
getting flippin' expensive.

531
00:21:20,701 --> 00:21:25,637
♪

532
00:21:25,741 --> 00:21:30,746
♪

533
00:21:30,849 --> 00:21:32,644
Keith: Some of these numbers
are scaring me, man.

534
00:21:32,748 --> 00:21:38,236
We had surprise termite tenting,
surprise floors.

535
00:21:38,340 --> 00:21:40,307
The fence was 4 grand.

536
00:21:40,411 --> 00:21:41,619
The tree.

537
00:21:41,722 --> 00:21:43,034
And $7,000 for the windows.

538
00:21:43,137 --> 00:21:46,106
That's $22,000
above what we anticipated.

539
00:21:46,209 --> 00:21:48,315
We said we're going to sell it
for $330,000.

540
00:21:48,419 --> 00:21:50,179
You take 1.5%
for closing costs,

541
00:21:50,282 --> 00:21:51,525
6% for Realtor fees,

542
00:21:51,629 --> 00:21:53,251
well, that's 21, 22--

543
00:21:53,355 --> 00:21:54,597
that's like 25 grand.

544
00:21:54,701 --> 00:21:59,222
If we spend $297,000
and we sell it for $330,000,

545
00:21:59,326 --> 00:22:03,917
you're talking about
an $8,000 profit.

546
00:22:04,020 --> 00:22:07,023
Dude, I don't get out of bed
for $8,000 on a renovation.

547
00:22:07,127 --> 00:22:08,646
Justin: The cost overruns
on this house

548
00:22:08,749 --> 00:22:10,613
are starting to kill us,

549
00:22:10,717 --> 00:22:12,546
and we still got
a long way to go.

550
00:22:12,650 --> 00:22:14,583
If we don't want to lose
our shirts on this deal,

551
00:22:14,686 --> 00:22:17,620
we got to find somewhere
we can save some money ASAP.

552
00:22:17,724 --> 00:22:19,829
Let's go take a look at what
they got going on, alright?

553
00:22:19,933 --> 00:22:21,831
Yeah.
Come on, babe.

554
00:22:24,800 --> 00:22:25,973
Windows getting done.

555
00:22:26,077 --> 00:22:28,320
Yeah, dude, look,
these are double-hung windows,

556
00:22:28,424 --> 00:22:30,875
so both parts are supposed
to, like, articulate,

557
00:22:30,978 --> 00:22:32,221
but we have
air conditioning now,

558
00:22:32,324 --> 00:22:34,016
so you don't need, like,
convection to go through,

559
00:22:34,119 --> 00:22:37,571
so we're leaving the top
half of the windows fixed.

560
00:22:37,675 --> 00:22:39,159
Saves us a bunch of money,
but we get to preserve

561
00:22:39,262 --> 00:22:40,263
the historic windows.

562
00:22:40,367 --> 00:22:41,748
We could try helping
with the windows.

563
00:22:41,851 --> 00:22:43,784
I mean,
how hard could that be?

564
00:22:43,888 --> 00:22:45,372
No.
Don't answer that.

565
00:22:45,476 --> 00:22:46,753
I'm kidding.
It's super hard. [ Laughs ]

566
00:22:46,856 --> 00:22:48,444
Yeah.
You want to go outside?

567
00:22:48,548 --> 00:22:50,204
There's got to be something
we can do out there.

568
00:22:50,308 --> 00:22:52,586
Check it out.
Watch that step.

569
00:22:52,690 --> 00:22:55,313
That's, like, spring-loaded
trap-door stuff.

570
00:22:55,417 --> 00:22:57,384
Ugh, it feels weird coming out
of this house

571
00:22:57,488 --> 00:22:58,385
without a deck, dude.

572
00:22:58,489 --> 00:22:59,766
We can't build a huge deck.

573
00:22:59,869 --> 00:23:01,284
Lumber's a fortune
right now.

574
00:23:01,388 --> 00:23:03,804
We just need to build
a functional transition

575
00:23:03,908 --> 00:23:05,150
to the backyard.

576
00:23:05,254 --> 00:23:07,049
That's it.
We can help build a deck.

577
00:23:07,152 --> 00:23:08,222
That's how
- we'll save money.
- We can.

578
00:23:08,326 --> 00:23:10,259
I mean, building a deck,
that's like, what?

579
00:23:10,362 --> 00:23:11,847
That's like Lincoln Logs
or something, right?

580
00:23:11,950 --> 00:23:13,435
I got a pile of lumber
at my house.

581
00:23:13,538 --> 00:23:14,746
You know what
I call it nowadays?

582
00:23:14,850 --> 00:23:16,265
What?
My 401[k].

583
00:23:16,368 --> 00:23:17,784
[ Laughs ]

584
00:23:17,887 --> 00:23:20,234
We can tap into my 401[k]
if you want.

585
00:23:20,338 --> 00:23:22,892
This is value add.
This is gonna get us more money.

586
00:23:22,996 --> 00:23:25,136
Whatever we spend on the deck,
we'll get that back.

587
00:23:25,239 --> 00:23:26,620
Justin: Keith has a point.

588
00:23:26,724 --> 00:23:29,865
If we can use the lumber
that I have left over in my pile

589
00:23:29,968 --> 00:23:32,108
and he helps out
with the labor cost,

590
00:23:32,212 --> 00:23:35,077
then we could add this deck,

591
00:23:35,180 --> 00:23:36,975
which would add
to the resale value

592
00:23:37,079 --> 00:23:39,564
and kind of make up for going
over budget on the house.

593
00:23:39,668 --> 00:23:41,221
I'm down.
Let's go draw it up.

594
00:23:41,324 --> 00:23:43,568
Alright. That's awesome.
Let's do it.

595
00:23:47,745 --> 00:23:52,232
♪

596
00:23:52,335 --> 00:23:54,683
Justin: All of our internal
systems are good to go,

597
00:23:54,786 --> 00:23:56,408
so it's time to close up
all these holes

598
00:23:56,512 --> 00:23:58,618
with some patchwork
and some new drywall.

599
00:23:58,721 --> 00:24:02,725
♪

600
00:24:02,829 --> 00:24:06,211
And with a fresh blank canvas,
it's time to prime and paint.

601
00:24:08,766 --> 00:24:10,181
We've selected a fresh white

602
00:24:10,284 --> 00:24:12,597
called Drift of Mist.

603
00:24:12,701 --> 00:24:14,012
Bright, neutral colors
like this

604
00:24:14,116 --> 00:24:15,980
can make
a small space seem larger,

605
00:24:16,083 --> 00:24:18,776
which can boost interest
from potential buyers.

606
00:24:18,879 --> 00:24:23,159
♪

607
00:24:23,263 --> 00:24:26,404
On the outside, we decided
to cover the mustard yellow

608
00:24:26,508 --> 00:24:30,201
with a nice,
neutral light gray...

609
00:24:30,304 --> 00:24:32,962
complemented with
a white satin trim finish.

610
00:24:33,066 --> 00:24:35,517
It's a classic look
that everyone can appreciate.

611
00:24:41,039 --> 00:24:46,355
♪

612
00:24:46,458 --> 00:24:49,323
Keith: Alright.
Time to unload some wood.

613
00:24:49,427 --> 00:24:51,567
Justin: Courtesy of Justin's
lumber yard.

614
00:24:51,671 --> 00:24:52,948
You want to just
lay the wood down

615
00:24:53,051 --> 00:24:54,190
and kind of map it
like that?

616
00:24:54,294 --> 00:24:56,261
Yeah, yeah, sure. Okay.

617
00:24:56,365 --> 00:24:57,849
Helping out
on this deck build

618
00:24:57,953 --> 00:24:59,713
is not just a great way
to save money,

619
00:24:59,817 --> 00:25:02,302
it's actually
some really fun work.

620
00:25:02,405 --> 00:25:05,236
As a builder, there's nothing
I like more than pitching in

621
00:25:05,339 --> 00:25:06,962
on a good construction project.

622
00:25:07,065 --> 00:25:10,690
The problem we got
is that to get into that garage,

623
00:25:10,793 --> 00:25:12,036
the further out we build it,

624
00:25:12,139 --> 00:25:14,728
the harder it's going to be
to kind of crab your car

625
00:25:14,832 --> 00:25:17,559
over there to get into
the other garage door.

626
00:25:17,662 --> 00:25:21,597
So I'm thinking maybe eight feet
might be about right?

627
00:25:21,701 --> 00:25:23,185
Okay, yeah.

628
00:25:23,288 --> 00:25:28,397
♪

629
00:25:28,500 --> 00:25:31,227
Thanks to Justin donating
his lumber pile to the effort,

630
00:25:31,331 --> 00:25:34,058
we just saved a truckload
of money on materials.

631
00:25:34,161 --> 00:25:37,475
Let me know
if you need anything else.

632
00:25:37,579 --> 00:25:40,271
Now it's time to earn
a little bit of sweat equity.

633
00:25:42,963 --> 00:25:44,068
Bill: Keith.
Hey!

634
00:25:44,171 --> 00:25:45,587
I called
my contractor friend Bill

635
00:25:45,690 --> 00:25:49,280
to come lead the project.
He always cuts me a great deal,

636
00:25:49,383 --> 00:25:50,937
but, hey,
it's even better this time

637
00:25:51,040 --> 00:25:52,697
because I'm part
of the labor force.

638
00:25:52,801 --> 00:25:54,596
What do we do first,
get the concrete going

639
00:25:54,699 --> 00:25:55,700
and get the posts
in the ground?

640
00:25:55,804 --> 00:25:57,806
Get the posts cut,

641
00:25:57,909 --> 00:26:00,429
cut them in half,
and get the concrete out.

642
00:26:00,532 --> 00:26:02,396
- Well, let's get going.
- Alright.

643
00:26:05,676 --> 00:26:08,540
We take the 4x4 posts,
put them in the ground.

644
00:26:08,644 --> 00:26:10,232
We add the concrete compound

645
00:26:10,335 --> 00:26:13,925
and then we add water
to harden the concrete compound.

646
00:26:14,029 --> 00:26:17,239
From there, we level
the 4x4 posts in the hole.

647
00:26:17,342 --> 00:26:19,586
Once the concrete hardens,
we cut the posts off

648
00:26:19,690 --> 00:26:22,658
all equally at the right height.

649
00:26:22,762 --> 00:26:24,453
With the help
of one of Bill's guys,

650
00:26:24,556 --> 00:26:26,593
the deck starts coming together
in no time.

651
00:26:26,697 --> 00:26:29,527
♪

652
00:26:29,631 --> 00:26:31,702
Meanwhile, I decided
it was a pretty good time

653
00:26:31,805 --> 00:26:34,774
to get our landscaping team to
put some plants in the ground.

654
00:26:34,877 --> 00:26:37,086
We're surrounding the house
with azalea bushes.

655
00:26:37,190 --> 00:26:39,088
In the spring,
they'll have beautiful blooms

656
00:26:39,192 --> 00:26:42,436
full of pink, red, and purple,

657
00:26:42,540 --> 00:26:44,473
but they remain
evergreen year-round,

658
00:26:44,576 --> 00:26:46,820
so there's always going to be
a vibrant pop of color

659
00:26:46,924 --> 00:26:49,202
against the gray backdrop
of the house.

660
00:26:49,305 --> 00:26:53,551
♪

661
00:26:53,655 --> 00:26:55,933
The outer perimeter of the deck
is also framed

662
00:26:56,036 --> 00:26:57,866
with its own row of azaleas.

663
00:26:57,969 --> 00:27:01,283
♪

664
00:27:01,386 --> 00:27:03,043
And finally,
the surface of the deck

665
00:27:03,147 --> 00:27:05,528
is completed using the last
of Justin's lumber

666
00:27:05,632 --> 00:27:07,945
to create the perfect
outdoor retreat.

667
00:27:08,048 --> 00:27:10,533
♪

668
00:27:13,536 --> 00:27:18,610
♪

669
00:27:18,714 --> 00:27:20,992
Justin: Today, we're redoing
the floors of this house,

670
00:27:21,096 --> 00:27:22,994
patching all the holes
in the old floor

671
00:27:23,098 --> 00:27:24,582
to turn it into
the new subfloor

672
00:27:24,686 --> 00:27:26,549
this place needs.

673
00:27:26,653 --> 00:27:31,347
Then we're laying new boards
on top to act as the main floor.

674
00:27:31,451 --> 00:27:32,832
And finally,
we're covering it all

675
00:27:32,935 --> 00:27:35,627
with a French vanilla-colored
engineered hardwood

676
00:27:35,731 --> 00:27:39,045
to give a beautiful uniform look
throughout the entire house.

677
00:27:43,739 --> 00:27:45,776
And now it's time to tackle
that bathroom.

678
00:27:45,879 --> 00:27:48,640
It's the only one, so we're
going with an elegant classic

679
00:27:48,744 --> 00:27:50,297
that everybody loves--

680
00:27:50,401 --> 00:27:52,886
white 3x12 subway tiles.

681
00:27:55,751 --> 00:27:57,788
And on the floor,
a patterned tile

682
00:27:57,891 --> 00:27:59,617
called Monte Carlo Green

683
00:27:59,721 --> 00:28:02,240
to add some color
and liven this place up.

684
00:28:02,344 --> 00:28:08,074
♪

685
00:28:08,177 --> 00:28:09,972
Then we install our new vanity

686
00:28:10,076 --> 00:28:11,940
and top it off
with some white quartz.

687
00:28:14,390 --> 00:28:17,221
Our pristine bathroom
is really starting to shine.

688
00:28:17,324 --> 00:28:18,912
♪

689
00:28:22,502 --> 00:28:25,263
Even though we saved a couple
grand on our deck build,

690
00:28:25,367 --> 00:28:28,025
the unexpected renovations
have still pushed us

691
00:28:28,128 --> 00:28:31,753
over our official
renovation budget.

692
00:28:31,856 --> 00:28:35,342
We anticipated spending
around 55 grand on this flip,

693
00:28:35,446 --> 00:28:37,931
but so far,
we've already topped $65,000

694
00:28:38,035 --> 00:28:41,417
and we still have another
$15,000 or $20,000 left to go.

695
00:28:41,521 --> 00:28:44,006
The good news is the market's
continued to climb,

696
00:28:44,110 --> 00:28:45,663
and we can still make
a decent profit

697
00:28:45,767 --> 00:28:49,080
if we raise our asking price
from $330,000 to $350,000,

698
00:28:49,184 --> 00:28:51,358
which is supported
by comps in the area,

699
00:28:51,462 --> 00:28:53,740
even for a house
as small as this one.

700
00:28:53,844 --> 00:29:00,402
♪

701
00:29:00,505 --> 00:29:01,679
So that's the stove, right?

702
00:29:01,783 --> 00:29:04,786
[ Knock on door ]
No, this is the dishwasher.

703
00:29:04,889 --> 00:29:07,305
- Hello!
- Hi!

704
00:29:07,409 --> 00:29:08,755
Oh, it's so good
to see you.

705
00:29:08,859 --> 00:29:09,963
Oh, my gosh,
it's been forever.

706
00:29:10,067 --> 00:29:11,378
Today, I invited
my friend Mia over

707
00:29:11,482 --> 00:29:12,932
to check out the Spruce house.

708
00:29:13,035 --> 00:29:14,865
We're all getting very nervous
about making any money

709
00:29:14,968 --> 00:29:17,005
on this flip,
but Mia's been in the market

710
00:29:17,108 --> 00:29:19,628
for a starter home
just like this for a good while,

711
00:29:19,731 --> 00:29:21,388
and I think this could be
the perfect house

712
00:29:21,492 --> 00:29:22,596
at a very good price.

713
00:29:22,700 --> 00:29:24,150
They're busy doing that,
so let's go this way.

714
00:29:24,253 --> 00:29:26,255
Okay.
Remember,
this has two bedrooms.

715
00:29:26,359 --> 00:29:27,291
This is one.

716
00:29:27,394 --> 00:29:29,707
Okay.
I like the windows.

717
00:29:29,811 --> 00:29:31,709
So many windows.
Look at this floor.

718
00:29:31,813 --> 00:29:34,988
This is an engineered wood
in French oak and whitewashed.

719
00:29:35,092 --> 00:29:38,681
Okay.
Yeah, it's just a little small.

720
00:29:38,785 --> 00:29:41,546
It's 1920s.
- These houses are small.
- Okay.

721
00:29:41,650 --> 00:29:44,032
I'm kind of surprised about Mia
calling out that one negative

722
00:29:44,135 --> 00:29:45,619
so quickly.

723
00:29:45,723 --> 00:29:47,621
I honestly thought she'd fall
in love with this starter home.

724
00:29:47,725 --> 00:29:50,314
But, hey, I'm a salesperson.
I'm sure I can win her over.

725
00:29:50,417 --> 00:29:54,283
This floor is the old floor,
but it's getting covered up.

726
00:29:54,387 --> 00:29:56,492
Oh, this is--
Why didn't you keep this?

727
00:29:56,596 --> 00:29:58,253
This is beautiful.

728
00:29:58,356 --> 00:29:59,564
Oh, I know,
it's gorgeous,

729
00:29:59,668 --> 00:30:01,912
but the problem is
it was patchy everywhere,

730
00:30:02,015 --> 00:30:03,465
damage that couldn't be filled, unfortunately.

731
00:30:03,568 --> 00:30:04,500
We tried.

732
00:30:04,604 --> 00:30:06,295
Well, what caused
the damage?

733
00:30:06,399 --> 00:30:10,058
Wood rot, and then there was
some termite issues.

734
00:30:10,161 --> 00:30:12,405
We had the whole place tented.
Everything's gone.

735
00:30:12,508 --> 00:30:14,165
It comes with a warranty
for five years.

736
00:30:14,269 --> 00:30:16,961
Okay.
Yeah.

737
00:30:17,065 --> 00:30:19,067
So gorgeous deck.

738
00:30:19,170 --> 00:30:20,344
- Isn't this amazing?
- Yeah, this is nice.

739
00:30:20,447 --> 00:30:22,104
New fence.
We incorporated

740
00:30:22,208 --> 00:30:23,934
that old tree stump
into the fence line.

741
00:30:24,037 --> 00:30:25,590
Pretty cool, huh?
Yeah.

742
00:30:25,694 --> 00:30:28,110
And then this cool,
amazing two-car garage.

743
00:30:28,214 --> 00:30:29,629
So you're just gonna leave
the garage as is?

744
00:30:29,732 --> 00:30:31,493
You're not gonna, like,
build it out or anything?

745
00:30:31,596 --> 00:30:33,667
No, you'll have
to do that yourself.

746
00:30:33,771 --> 00:30:35,117
How much was it again?

747
00:30:35,221 --> 00:30:37,568
$350,000.
Okay, $350,000.

748
00:30:37,671 --> 00:30:41,365
With the beautiful sounds
of cars just rushing by.

749
00:30:41,468 --> 00:30:42,676
It's like a little murmur.

750
00:30:42,780 --> 00:30:44,609
You can't tell
it's a freeway near there.

751
00:30:44,713 --> 00:30:47,164
I mean, there's some really
nice stuff about the house.

752
00:30:47,267 --> 00:30:49,580
I just--
Yeah.

753
00:30:49,683 --> 00:30:52,376
Okay. So I guess I'm not
selling this house today.

754
00:30:52,479 --> 00:30:54,585
I mean, our reno
has been amazing,

755
00:30:54,688 --> 00:30:57,415
but maybe Keith is right.
I mean, between the size,

756
00:30:57,519 --> 00:30:59,693
the termite damage,
the noise,

757
00:30:59,797 --> 00:31:02,179
boy, oh, boy, like, we might not
be able to sell this

758
00:31:02,282 --> 00:31:03,559
for the price that we want.

759
00:31:03,663 --> 00:31:04,733
We could really be
in trouble.

760
00:31:11,291 --> 00:31:13,086
Now that we've gotten
some real-world feedback

761
00:31:13,190 --> 00:31:15,571
from a potential buyer,
which wasn't great,

762
00:31:15,675 --> 00:31:17,711
we've realized we really have
to step up our game

763
00:31:17,815 --> 00:31:21,094
and make this kitchen
a true showpiece.

764
00:31:21,198 --> 00:31:22,889
Our team is assembling
and installing

765
00:31:22,993 --> 00:31:26,203
these white Shaker cabinets
with glass fronts and a pantry

766
00:31:26,306 --> 00:31:28,860
to make this a very welcoming
place to cook, eat,

767
00:31:28,964 --> 00:31:31,691
and hang out.

768
00:31:31,794 --> 00:31:34,487
We chose Calcatta gold quartz countertops,

769
00:31:34,590 --> 00:31:38,008
which are engineered from ground
quartz and polyester resin

770
00:31:38,111 --> 00:31:41,597
to make sure they aren't porous
and will resist stains,

771
00:31:41,701 --> 00:31:44,946
keeping them gleaming
for decades to come.

772
00:31:45,049 --> 00:31:47,155
And then it's time
for the appliances.

773
00:31:47,258 --> 00:31:50,572
Our stainless-steel fridge
and our front-control

774
00:31:50,675 --> 00:31:52,746
glass-top stove
are modern beauties

775
00:31:52,850 --> 00:31:54,645
and really add
to this gorgeous room.

776
00:31:57,820 --> 00:32:03,378
♪

777
00:32:03,481 --> 00:32:06,139
Justin: Cool, man.
Looks good.

778
00:32:06,243 --> 00:32:07,658
Place is finally starting
to look like a house

779
00:32:07,761 --> 00:32:09,039
and not a jobsite.

780
00:32:09,142 --> 00:32:10,972
So we got the appliances in.

781
00:32:11,075 --> 00:32:14,699
The fridge and the range
and the dishwasher in

782
00:32:14,803 --> 00:32:16,253
and the micro.

783
00:32:16,356 --> 00:32:19,463
But as I suspected,
the counter still isn't fixed.

784
00:32:19,566 --> 00:32:21,637
Did you hear about what happened
with the countertop?

785
00:32:21,741 --> 00:32:23,915
Uh, no.
This is supposed
to be beveled,

786
00:32:24,019 --> 00:32:25,952
like from this corner
back to there...
Uh-huh.

787
00:32:26,056 --> 00:32:27,678
...and the bevel
was in here.

788
00:32:27,781 --> 00:32:30,784
Oops.
So that corner
was sticking out.

789
00:32:30,888 --> 00:32:32,131
Oh, no bueno.

790
00:32:32,234 --> 00:32:34,719
So, yeah, we had to get
a whole different slab cut.

791
00:32:34,823 --> 00:32:35,858
Well, if it went smoothly,

792
00:32:35,962 --> 00:32:37,791
it wouldn't be this house.
[ Laughs ]

793
00:32:37,895 --> 00:32:40,070
For sure. Maybe we can get
some of this trash out of here.

794
00:32:40,173 --> 00:32:41,450
Yeah, absolutely, man.

795
00:32:41,554 --> 00:32:42,796
Keith: We're about a week away

796
00:32:42,900 --> 00:32:44,350
from when we want to do
our open house,

797
00:32:44,453 --> 00:32:46,662
so it's time
to get things done.

798
00:32:46,766 --> 00:32:48,526
Granite in, garbage out.

799
00:32:51,943 --> 00:32:53,324
Oh [bleep]

800
00:32:53,428 --> 00:32:55,361
Dude, that was a rat!

801
00:32:55,464 --> 00:32:57,673
It ran in the garage.

802
00:32:57,777 --> 00:33:00,918
I think
it's behind the screens.

803
00:33:01,022 --> 00:33:03,679
- Oh, come on.
- I'm trying to scare it
out for you.

804
00:33:03,783 --> 00:33:05,647
You're trying to scare it
my direction.

805
00:33:05,750 --> 00:33:06,786
[ Marley barking ]

806
00:33:06,889 --> 00:33:08,788
I know,
there's a rat in there.

807
00:33:08,891 --> 00:33:10,997
I know, I know.

808
00:33:11,101 --> 00:33:13,551
Keith: This is crazy.
We've already eradicated,

809
00:33:13,655 --> 00:33:14,932
what, roaches and termites.

810
00:33:15,036 --> 00:33:18,073
I'm not about to let
another pest move in.

811
00:33:18,177 --> 00:33:19,454
Oh, my God.

812
00:33:19,557 --> 00:33:22,871
Bro, we're gonna get attacked
by this rat, dude.

813
00:33:22,974 --> 00:33:24,183
Well, wait, wait, hold on,

814
00:33:24,286 --> 00:33:25,667
why don't we just put a trap
in here?

815
00:33:25,770 --> 00:33:26,944
You got a trap?

816
00:33:27,048 --> 00:33:28,049
I do, actually.

817
00:33:28,152 --> 00:33:30,120
It's in my truck. Okay.

818
00:33:30,223 --> 00:33:31,224
Let's go get a trap.

819
00:33:31,328 --> 00:33:32,812
Hopefully, we can get rid
of this pest

820
00:33:32,915 --> 00:33:34,227
without spending
any more money

821
00:33:34,331 --> 00:33:36,574
on a high-priced exterminator.

822
00:33:36,678 --> 00:33:37,851
We'll bait a trap,
and we'll see

823
00:33:37,955 --> 00:33:39,922
if some of Marley's kibbles
do the trick.

824
00:33:40,026 --> 00:33:46,101
♪

825
00:33:46,205 --> 00:33:52,280
♪

826
00:33:52,383 --> 00:33:54,834
The crew fixed their mistake
and brought in a new slab

827
00:33:54,937 --> 00:33:59,287
of quartz that fits perfectly
over top of the cabinet.

828
00:33:59,390 --> 00:34:01,358
Now the kitchen
is really shaping up.

829
00:34:05,224 --> 00:34:06,363
And more good news--

830
00:34:06,466 --> 00:34:07,605
We caught the rat.

831
00:34:07,709 --> 00:34:09,228
Justin: Oh, is that
that big old mean rat?

832
00:34:09,331 --> 00:34:12,058
Oh, that's a fat one.

833
00:34:12,162 --> 00:34:13,784
Well, I got woods
behind my house, dude,

834
00:34:13,887 --> 00:34:15,130
I'll just let it out.
I'll let it go.

835
00:34:15,234 --> 00:34:16,200
Yeah?

836
00:34:16,304 --> 00:34:18,099
We're going to go find you
a new home

837
00:34:18,202 --> 00:34:19,824
that we don't have to sell.

838
00:34:19,928 --> 00:34:20,825
[ Laughter ]

839
00:34:20,929 --> 00:34:25,692
♪

840
00:34:25,796 --> 00:34:26,866
Ashlee:
This is looking great.

841
00:34:26,969 --> 00:34:28,523
I love the color door
you picked, Justin.

842
00:34:28,626 --> 00:34:29,558
Justin: Thanks.

843
00:34:29,662 --> 00:34:31,388
And the black windows--
so good.

844
00:34:31,491 --> 00:34:34,356
Nah, it looks great.
We're almost done, you know.

845
00:34:34,460 --> 00:34:36,358
We're just a couple
of days from open house.

846
00:34:36,462 --> 00:34:38,360
The property's
coming together great,

847
00:34:38,464 --> 00:34:40,466
except for one problem
I haven't been able to fix,

848
00:34:40,569 --> 00:34:42,571
and I don't think
I'm going to be able to hide.

849
00:34:44,228 --> 00:34:45,298
Well, the deck
is looking good.

850
00:34:45,402 --> 00:34:46,230
Yeah.
Yeah.

851
00:34:46,334 --> 00:34:47,714
Paint color
looks great.

852
00:34:47,818 --> 00:34:50,786
Are these guys putting in
the garage doors?

853
00:34:50,890 --> 00:34:51,925
Uh...

854
00:34:52,029 --> 00:34:54,135
Well, I mean...

855
00:34:54,238 --> 00:34:56,206
What it is,
is those garage doors,

856
00:34:56,309 --> 00:34:59,485
because they were built
in the third century A.D.

857
00:34:59,588 --> 00:35:02,764
or whatever, they're not
standard-size openings,

858
00:35:02,867 --> 00:35:04,455
so they have to be
custom made.

859
00:35:04,559 --> 00:35:06,561
We'll have them
before the open house, yeah?

860
00:35:06,664 --> 00:35:09,219
No, actually. Uh...

861
00:35:09,322 --> 00:35:11,048
You guys expect me
to sell this house

862
00:35:11,152 --> 00:35:12,636
without a complete garage?

863
00:35:12,739 --> 00:35:15,949
I mean, there's--
you know, there's--

864
00:35:16,053 --> 00:35:18,228
So let me get this straight.
We went from a living space

865
00:35:18,331 --> 00:35:20,885
to now it's not even
a two-car garage.

866
00:35:20,989 --> 00:35:24,717
Now it's just, like, a carport
or an old shed with no doors.

867
00:35:24,820 --> 00:35:27,133
I was calling everybody.
I just couldn't find one.

868
00:35:27,237 --> 00:35:28,755
Sounds like we're
super prepared

869
00:35:28,859 --> 00:35:30,343
for the open house
coming up.

870
00:35:30,447 --> 00:35:31,413
I guess we have to
tell people

871
00:35:31,517 --> 00:35:32,587
that the doors
are still coming

872
00:35:32,690 --> 00:35:33,760
and just hope
that they don't think

873
00:35:33,864 --> 00:35:35,590
we're a bunch of amateurs.

874
00:35:41,009 --> 00:35:42,838
♪

875
00:35:42,942 --> 00:35:45,255
Ashlee: Our open house
is coming up in two days,

876
00:35:45,358 --> 00:35:47,395
so it's time for the finishing
touches on our bathroom,

877
00:35:47,498 --> 00:35:49,742
which includes
bright, chrome fixtures

878
00:35:49,845 --> 00:35:50,984
and also a very sleek,

879
00:35:51,088 --> 00:35:53,263
frame-less
glass enclosure for the shower.

880
00:35:53,366 --> 00:35:58,337
♪

881
00:35:58,440 --> 00:36:01,443
Finally, we're at
my favorite step-- staging.

882
00:36:01,547 --> 00:36:03,549
Joseph from
Systematic Home Staging

883
00:36:03,652 --> 00:36:05,171
is setting up
gorgeous furnishings

884
00:36:05,275 --> 00:36:09,002
that'll make every room
look amazing.

885
00:36:09,106 --> 00:36:11,177
Buyers can now really envision
living here in style.

886
00:36:11,281 --> 00:36:12,903
- There you go.
- There we go.

887
00:36:13,006 --> 00:36:14,215
It looks so good.

888
00:36:14,318 --> 00:36:15,388
Have a great
open house.

889
00:36:15,492 --> 00:36:16,734
- Thank you.
- Very good, thank you.

890
00:36:16,838 --> 00:36:22,361
♪

891
00:36:22,464 --> 00:36:28,056
♪

892
00:36:28,159 --> 00:36:28,953
Hey, guys.

893
00:36:29,057 --> 00:36:29,989
'Sup, dude?
Hey.

894
00:36:30,092 --> 00:36:31,335
Excited for
the open house?

895
00:36:31,439 --> 00:36:33,130
I'm really excited.
You know, I've been anxious

896
00:36:33,234 --> 00:36:34,511
about this house
the whole time.

897
00:36:34,614 --> 00:36:38,480
I mean, the small size,
the bugs, the highway next door.

898
00:36:38,584 --> 00:36:40,517
I just hope our hard work
wasn't all for nothing.

899
00:36:40,620 --> 00:36:42,001
I think at the price point,
people are going

900
00:36:42,104 --> 00:36:44,452
to oversee the freeway, so...
And the size will actually

901
00:36:44,555 --> 00:36:45,625
be a plus for
the right buyer,

902
00:36:45,729 --> 00:36:46,764
I think.
We'll see.

903
00:36:46,868 --> 00:36:48,421
Justin: Compared to
how we found it,

904
00:36:48,525 --> 00:36:50,630
we gave this house
some serious curb appeal.

905
00:36:50,734 --> 00:36:52,632
This place was, like,
tooth plaque yellow.

906
00:36:52,736 --> 00:36:54,289
It definitely was.

907
00:36:54,393 --> 00:36:56,705
But it looks
a million times better now.

908
00:36:56,809 --> 00:36:59,052
The color you chose,
it just looks unbelievable.

909
00:36:59,156 --> 00:37:01,676
Like, those black windows
are just so on point.

910
00:37:01,779 --> 00:37:03,471
- For sure.
- I mean, now it looks
so modern,

911
00:37:03,574 --> 00:37:05,058
even though it still retains
all the character.

912
00:37:05,162 --> 00:37:06,405
It's amazing.
Let's go inside.

913
00:37:06,508 --> 00:37:07,992
- Yeah, absolutely.
- Let's go.

914
00:37:08,096 --> 00:37:09,925
♪

915
00:37:10,029 --> 00:37:12,169
- Check it out!
- Wow.

916
00:37:12,273 --> 00:37:13,343
It looks like a home.

917
00:37:13,446 --> 00:37:14,620
Yeah, remember
what it looked like before?

918
00:37:15,517 --> 00:37:16,484
- Yeah.
- It was very dark,

919
00:37:16,587 --> 00:37:17,761
and there were holes everywhere.

920
00:37:17,864 --> 00:37:19,452
Justin: Like a termite
playground, you know?

921
00:37:19,556 --> 00:37:21,696
Yeah, without a doubt,
the floors actually

922
00:37:21,799 --> 00:37:23,214
- make the house.
- They look awesome.

923
00:37:23,318 --> 00:37:24,630
They're so bright
and modern.

924
00:37:24,733 --> 00:37:26,597
Makes it feel more spacious,
I think.

925
00:37:26,701 --> 00:37:27,909
♪

926
00:37:28,012 --> 00:37:30,152
This bedroom
looks fantastic.

927
00:37:30,256 --> 00:37:32,258
Do you guys remember the hole
that was there?

928
00:37:32,362 --> 00:37:34,053
Oh, it's so soft.

929
00:37:34,156 --> 00:37:36,676
Yeah.
Now we're all good.

930
00:37:36,780 --> 00:37:38,506
Let's see how
the bathroom came out.

931
00:37:38,609 --> 00:37:40,266
Wow.
Doesn't this lookamazing?

932
00:37:40,370 --> 00:37:41,543
Do you remember,
there was that old,

933
00:37:41,647 --> 00:37:44,132
disgusting closet there
with all the worms?

934
00:37:44,235 --> 00:37:45,616
Eww!

935
00:37:45,720 --> 00:37:47,618
Justin: I'm glad we tore
that out and made room

936
00:37:47,722 --> 00:37:48,964
for this double vanity.

937
00:37:49,068 --> 00:37:50,449
So much better.

938
00:37:50,552 --> 00:37:52,761
And honestly, this bathroom
feels so much more spacious now.

939
00:37:52,865 --> 00:37:54,522
Way better.

940
00:37:54,625 --> 00:37:56,903
Keith: This second bedroom
is really nice.

941
00:37:58,042 --> 00:38:01,080
This is a huge improvement
over what it used to be.

942
00:38:01,183 --> 00:38:02,806
So charming.

943
00:38:02,909 --> 00:38:04,325
Here, guys, look
at the kitchen now.

944
00:38:04,428 --> 00:38:07,500
This is a way nicer kitchen
than I ever imagined

945
00:38:07,604 --> 00:38:08,984
we'd cram in here.

946
00:38:09,088 --> 00:38:11,435
Do you remember, it was
kind of an opening here?

947
00:38:11,539 --> 00:38:14,265
The original layout
of this kitchen was trash.

948
00:38:14,369 --> 00:38:15,957
And now this feels like
a kitchen you can actually

949
00:38:16,060 --> 00:38:17,476
host in. Yeah.

950
00:38:17,579 --> 00:38:19,098
And what I'm so happy
about with the layout

951
00:38:19,201 --> 00:38:20,444
is that we've built
this peninsula.

952
00:38:20,548 --> 00:38:23,033
We pulled it much further away
from the back cabinets

953
00:38:23,136 --> 00:38:24,483
than the original wall was,

954
00:38:24,586 --> 00:38:28,383
and it overhangs so you
can actually use it to dine on.

955
00:38:28,487 --> 00:38:31,075
Okay, so have a look
at the sun room now.

956
00:38:31,179 --> 00:38:32,974
Yeah!

957
00:38:33,077 --> 00:38:34,665
Remember how bad
it was before?

958
00:38:35,908 --> 00:38:39,429
This was arguably the worst room
in the house, right?

959
00:38:39,532 --> 00:38:41,085
But we rescued it
and managed to keep it from

960
00:38:41,189 --> 00:38:44,019
just falling off
the back of the house.

961
00:38:44,123 --> 00:38:46,677
This back use of space
is good.

962
00:38:46,781 --> 00:38:48,714
Yeah. So, let's check out
the new deck.

963
00:38:48,817 --> 00:38:50,785
Yeah.

964
00:38:50,888 --> 00:38:53,201
- Alright!
- It's cleaned up back here.

965
00:38:53,304 --> 00:38:55,376
We didn't have to do much,
but what we did

966
00:38:55,479 --> 00:38:56,549
made a difference.

967
00:38:56,653 --> 00:38:58,240
And unfortunately,
we didn't get the doors,

968
00:38:58,344 --> 00:39:00,450
Keith, for the garage,
but it's okay.

969
00:39:00,553 --> 00:39:01,692
I'll still be able to
sell it.

970
00:39:01,796 --> 00:39:04,005
Speaking of selling it,
wish me luck.

971
00:39:04,108 --> 00:39:05,558
- Alright. See you, Ash.
- Take care.

972
00:39:05,662 --> 00:39:06,594
Bye, guys.

973
00:39:06,697 --> 00:39:08,768
♪

974
00:39:08,872 --> 00:39:10,287
This flip was a slog,

975
00:39:10,391 --> 00:39:13,117
and if we were stuck selling it
at $330,000,

976
00:39:13,221 --> 00:39:14,947
we would barely break even.

977
00:39:15,050 --> 00:39:16,362
But with the beautiful work
we've done

978
00:39:16,466 --> 00:39:17,812
and the recent comps
in the area,

979
00:39:17,915 --> 00:39:20,228
we think our new price
of $350,000

980
00:39:20,331 --> 00:39:22,299
will be right on point.

981
00:39:22,403 --> 00:39:31,481
♪

982
00:39:31,584 --> 00:39:32,896
Hi. How are you?
Hi.

983
00:39:32,999 --> 00:39:34,345
Welcome to my open house.

984
00:39:34,449 --> 00:39:35,692
Oh, wow.

985
00:39:35,795 --> 00:39:37,279
- Nice to meet you.
- Nice to meet you.

986
00:39:37,383 --> 00:39:38,522
Man: This is really cute.
I love this.

987
00:39:38,626 --> 00:39:40,317
It's a 2-1,
1,100 square feet,

988
00:39:40,421 --> 00:39:41,801
and we're listing it
for 350.

989
00:39:41,905 --> 00:39:42,871
That sounds great.

990
00:39:42,975 --> 00:39:44,390
I love the black
on the windows.

991
00:39:44,494 --> 00:39:46,012
Woman: The trim and the molding
look amazing.

992
00:39:46,116 --> 00:39:47,428
I love these floors,
the color.

993
00:39:47,531 --> 00:39:48,946
- Man: I do, too.
- It really makes
the room pop.

994
00:39:49,050 --> 00:39:51,017
They're engineered
- hardwood.
- Super durable, right?

995
00:39:51,121 --> 00:39:52,225
I got three pups.

996
00:39:52,329 --> 00:39:53,848
Scratch resistant. Perfect.

997
00:39:53,951 --> 00:39:55,539
This is
our open-plan kitchen.

998
00:39:55,643 --> 00:39:56,920
It's absolutely gorgeous.

999
00:39:57,023 --> 00:39:58,473
Definitely a great
entertainment space.

1000
00:39:58,577 --> 00:40:00,855
I can make some cocktails
and serve them up here.[ Laughs ]

1001
00:40:00,958 --> 00:40:03,651
The cabinets all the way up
to the ceiling-- I love that.

1002
00:40:03,754 --> 00:40:05,929
Ashlee: And here we have
the primary bedroom.

1003
00:40:06,032 --> 00:40:08,690
Wow.
It's actually
a really good size.

1004
00:40:08,794 --> 00:40:09,967
And then we have
a Jack and Jill bathroom,

1005
00:40:10,071 --> 00:40:11,037
which is over here.

1006
00:40:11,141 --> 00:40:13,039
Oh, wow, I love this
double vanity.

1007
00:40:13,143 --> 00:40:15,559
Look at the rain head shower.
You're going to love that.

1008
00:40:15,663 --> 00:40:17,665
I love how you did the tile.
I think this is

1009
00:40:17,768 --> 00:40:18,700
my favorite room
so far.

1010
00:40:18,804 --> 00:40:20,253
This is
the other bedroom.

1011
00:40:20,357 --> 00:40:21,427
Oh, this is super cute.

1012
00:40:21,531 --> 00:40:22,946
Man: It would be perfect
for a home office.

1013
00:40:23,049 --> 00:40:24,534
Lots of natural light.

1014
00:40:24,637 --> 00:40:27,260
- Here we have the sun room.
- Woman: Oh, my gosh,
it's huge.

1015
00:40:27,364 --> 00:40:28,745
- Man: Oh, my God.
- Look at this.

1016
00:40:28,848 --> 00:40:30,125
Woman #2: This is amazing.

1017
00:40:30,229 --> 00:40:33,128
This would be
my new coffee space.[ Laughs ]

1018
00:40:33,232 --> 00:40:34,647
Ashlee:
So here we have the backyard.

1019
00:40:34,751 --> 00:40:36,718
Oh, wow. My dogs
are going to love this.

1020
00:40:36,822 --> 00:40:39,445
What a cool deck.
What a great spot to entertain.

1021
00:40:39,549 --> 00:40:41,102
There's a two-car garage,
but you could actually

1022
00:40:41,205 --> 00:40:42,655
convert this
to livable space.

1023
00:40:42,759 --> 00:40:43,898
Mother-in-law suites, okay.

1024
00:40:44,001 --> 00:40:45,451
How about a man cave?

1025
00:40:45,555 --> 00:40:46,763
How about no.
Sold!

1026
00:40:46,866 --> 00:40:48,109
Sold, perfect!

1027
00:40:48,212 --> 00:40:49,869
I absolutely love it.
I would like to

1028
00:40:49,973 --> 00:40:51,215
put in an offer,
as well.

1029
00:40:51,319 --> 00:40:52,769
Alright.
Let's go talk about it.

1030
00:40:52,872 --> 00:40:55,323
♪

1031
00:40:55,426 --> 00:40:57,670
The open house went even better
than I hoped.

1032
00:40:57,774 --> 00:40:59,534
Within a few days,
we got a full-price offer

1033
00:40:59,638 --> 00:41:01,363
for $350,000,

1034
00:41:01,467 --> 00:41:04,090
and that really saved our hides
on this one.

1035
00:41:04,194 --> 00:41:06,023
We spent more than we wanted to
on the purchase,

1036
00:41:06,127 --> 00:41:08,578
paying $220,000.

1037
00:41:08,681 --> 00:41:10,649
Then, we spent way
more than we wanted to

1038
00:41:10,752 --> 00:41:12,927
on the flip itself,
with reno costs

1039
00:41:13,030 --> 00:41:16,137
topping 83 grand,
and interest and closing costs

1040
00:41:16,240 --> 00:41:17,897
hitting just over 21.

1041
00:41:18,001 --> 00:41:22,039
That's an all-in cost
of $325,050,

1042
00:41:22,143 --> 00:41:26,423
leaving a profit
of $24,950.

1043
00:41:26,527 --> 00:41:28,701
It's not as big a margin
as we were hoping for,

1044
00:41:28,805 --> 00:41:30,841
but it's money in the bank,
and with the way investors

1045
00:41:30,945 --> 00:41:32,878
are scarfing up properties
these days,

1046
00:41:32,981 --> 00:41:34,465
it's a win we're glad to have.

1047
00:41:34,569 --> 00:41:41,058
♪

1048
00:41:41,162 --> 00:41:43,854
Here's to selling
another house.
Full price.

1049
00:41:43,958 --> 00:41:45,718
- Hey, hey, hey.
- What's up, dude?

1050
00:41:45,822 --> 00:41:48,721
To celebrate,
I brought a gift.

1051
00:41:48,825 --> 00:41:50,896
I was trying to figure out
the best way to celebrate

1052
00:41:50,999 --> 00:41:52,553
finishing the Spruce House.

1053
00:41:52,656 --> 00:41:55,210
I thought after,
like, such a stressful job,

1054
00:41:55,314 --> 00:41:56,591
we could all use
a bit of a laugh.

1055
00:41:56,695 --> 00:41:58,559
- It's chocolate?
- Yeah.

1056
00:41:58,662 --> 00:42:00,595
It looks like
a cockroach.

1057
00:42:00,699 --> 00:42:02,632
You know how we had
the pest problem?

1058
00:42:02,735 --> 00:42:05,635
- So chocolate-covered bugs!
- Look at that.

1059
00:42:07,153 --> 00:42:10,191
That's disgusting. Nasty.

1060
00:42:10,294 --> 00:42:13,746
Okay, that is not how I saw
this joke playing out.

1061
00:42:13,850 --> 00:42:15,955
Look at him,
he's gobbling it down.

1062
00:42:16,059 --> 00:42:18,199
This one tastes like cricket.

1063
00:42:18,302 --> 00:42:19,787
Delicious.

1064
00:42:19,890 --> 00:42:21,789
♪