1 00:00:03,080 --> 00:00:04,771 Real estate is a hot commodity. 2 00:00:04,875 --> 00:00:09,121 But around every corner, danger lurks... 3 00:00:09,224 --> 00:00:10,570 from zombie houses. 4 00:00:12,538 --> 00:00:14,471 These rotting corpses aren't just ugly... 5 00:00:14,574 --> 00:00:16,197 What happened? 6 00:00:16,300 --> 00:00:17,232 ...they're dangerous. 7 00:00:17,336 --> 00:00:18,268 Whoa! 8 00:00:18,371 --> 00:00:19,786 Fire! Get out of there! 9 00:00:19,890 --> 00:00:22,651 And they can drag down an entire neighborhood... 10 00:00:22,755 --> 00:00:24,481 It's the ugliest house on the street. 11 00:00:24,584 --> 00:00:26,034 ...but their days are numbered. 12 00:00:28,485 --> 00:00:30,349 Here in Orlando, Florida, 13 00:00:30,452 --> 00:00:33,317 taking on these monstrosities is our specialty. 14 00:00:33,421 --> 00:00:35,664 These are wrecked, but we don't shy away from things like that. 15 00:00:35,768 --> 00:00:38,840 Ew. Our team tracks these filthy zombies down... 16 00:00:38,943 --> 00:00:40,152 This place is a total dump, 17 00:00:40,255 --> 00:00:42,671 but at least this room is huge. 18 00:00:42,775 --> 00:00:44,742 ...and pumps new life into them... 19 00:00:44,846 --> 00:00:46,054 Maybe I got heat stroke, 20 00:00:46,158 --> 00:00:47,469 but I'm falling in love with this place. 21 00:00:47,573 --> 00:00:49,264 ...flipping them into sweet homes... 22 00:00:49,368 --> 00:00:51,473 - Wow. - This is amazing. 23 00:00:51,577 --> 00:00:53,579 ...that we can sell... We are ready to go. 24 00:00:53,682 --> 00:00:55,408 ...for an even sweeter payday. 25 00:00:55,512 --> 00:00:58,204 Here's to selling another house. 26 00:00:58,308 --> 00:01:00,344 This... 27 00:01:00,448 --> 00:01:02,933 is "Zombie House Flipping." 28 00:01:03,036 --> 00:01:04,935 Captioning provided by A+E Networks 29 00:01:05,038 --> 00:01:06,419 ♪ Pour me up a red cup ♪ 30 00:01:06,523 --> 00:01:07,593 ♪ It's been too long, how you holding on? ♪ 31 00:01:07,696 --> 00:01:09,767 ♪ Am I gonna see you blowing up? ♪ 32 00:01:09,871 --> 00:01:12,356 ♪ Let me see you standing tall when it got too tough ♪ 33 00:01:12,460 --> 00:01:14,738 ♪ I'm movin' on ♪ 34 00:01:14,841 --> 00:01:16,257 So where are we going this morning? 35 00:01:16,360 --> 00:01:21,020 A family home that they've had in their family for decades. 36 00:01:21,124 --> 00:01:24,161 The parents and the uncle - had passed away. - Okay. 37 00:01:24,265 --> 00:01:26,681 And they want us to come take a look, make them an offer. 38 00:01:26,784 --> 00:01:29,546 It's an old wood framer. It's in Colonialtown. 39 00:01:29,649 --> 00:01:32,445 - Okay. - And it is a time capsule. 40 00:01:32,549 --> 00:01:35,068 - That's beautiful, dude. - Oh, my God. It sounds amazing. 41 00:01:35,172 --> 00:01:38,451 Colonial Town is a neighborhood just outside downtown Orlando 42 00:01:38,555 --> 00:01:41,351 that is highly sought after by young professionals, 43 00:01:41,454 --> 00:01:43,560 families, and hipsters. 44 00:01:43,663 --> 00:01:46,597 It has a lot to offer, like great schools, 45 00:01:46,701 --> 00:01:48,392 even better restaurants, 46 00:01:48,496 --> 00:01:50,843 and a lot of great parks and lakes. 47 00:01:50,946 --> 00:01:54,226 With the median home value being in the mid-300,000s, 48 00:01:54,329 --> 00:01:57,574 the desire to live in this neighborhood is extremely high. 49 00:01:57,677 --> 00:01:59,092 I seriously love this neighborhood. 50 00:01:59,196 --> 00:02:02,268 Forecasted growth for next year 51 00:02:02,372 --> 00:02:04,719 in this neighborhood alone is 17%. 52 00:02:04,822 --> 00:02:06,997 It is the most desirable area 53 00:02:07,100 --> 00:02:08,723 for anyone under the age of 50 to live. 54 00:02:08,826 --> 00:02:11,312 - Yeah. - So what are the specs in this house? 55 00:02:11,415 --> 00:02:13,797 Well, it's a two-bed, one-bath house, 56 00:02:13,900 --> 00:02:15,937 around 1,300 square feet. 57 00:02:16,040 --> 00:02:18,077 It has a living room with a fireplace. 58 00:02:18,181 --> 00:02:19,872 There's a utility room in the back, 59 00:02:19,975 --> 00:02:21,701 and behind it is a separate building 60 00:02:21,805 --> 00:02:23,841 that I think was used as a workshop. 61 00:02:23,945 --> 00:02:25,291 It's a small lot. 62 00:02:25,395 --> 00:02:28,260 You kind of are, like, stacked on top of your neighbors. 63 00:02:28,363 --> 00:02:29,813 It's kind of just funky, you know? 64 00:02:29,916 --> 00:02:32,125 It's kind of like one of the original houses on the street, 65 00:02:32,229 --> 00:02:34,058 and everybody else built around it. 66 00:02:34,162 --> 00:02:37,407 And it just wrapped up in probate. Okay. 67 00:02:37,510 --> 00:02:39,995 Probate is the legal process to figure out who becomes 68 00:02:40,099 --> 00:02:41,411 the heir to a property 69 00:02:41,514 --> 00:02:43,378 once the homeowner has passed away. 70 00:02:43,482 --> 00:02:45,449 If there isn't a clear will in place, 71 00:02:45,553 --> 00:02:48,280 the court can assign a personal representative 72 00:02:48,383 --> 00:02:50,420 who's free to put the house on the market, 73 00:02:50,523 --> 00:02:53,906 and then the proceeds will be divided amongst surviving heirs. 74 00:02:54,009 --> 00:02:56,011 Probate houses are often outdated, 75 00:02:56,115 --> 00:02:57,910 and a lot of times the beneficiaries just want 76 00:02:58,013 --> 00:02:59,567 to sell them and be done with it, 77 00:02:59,670 --> 00:03:03,122 which could end up being a good bargain for us. 78 00:03:03,226 --> 00:03:04,192 Did they give you a price? 79 00:03:04,296 --> 00:03:05,607 Yeah, they said they were thinking 80 00:03:05,711 --> 00:03:08,300 $215,000 for the purchase price. 81 00:03:08,403 --> 00:03:09,680 - Holy cow, that's... - That sounds really good. 82 00:03:09,784 --> 00:03:11,337 That's land value. 83 00:03:11,441 --> 00:03:14,271 What Justin's found here could be a real diamond in the rough. 84 00:03:14,375 --> 00:03:16,929 It does sound like there could be a lot of work needed, though. 85 00:03:17,032 --> 00:03:19,725 But picking up this house in this neighborhood 86 00:03:19,828 --> 00:03:21,796 for around $200,000, 87 00:03:21,899 --> 00:03:24,143 there should be a good amount of profit in it for us. 88 00:03:24,247 --> 00:03:25,869 It's this one with the American flag? 89 00:03:25,972 --> 00:03:27,698 Yes, the one with the American flag. 90 00:03:34,947 --> 00:03:36,293 So here she is. 91 00:03:36,397 --> 00:03:37,846 Oh, my God. 92 00:03:37,950 --> 00:03:40,470 I see what you mean about being right next to the neighbor. 93 00:03:40,573 --> 00:03:42,644 This is not even a 50-foot-wide lawn. 94 00:03:44,853 --> 00:03:47,580 You got a chicken-wire fence separating these neighbors. 95 00:03:47,684 --> 00:03:50,376 You got no fence separating those neighbors. 96 00:03:50,480 --> 00:03:51,550 It's kind of brutal. 97 00:03:51,653 --> 00:03:54,035 This house is definitely squeezed in. 98 00:03:54,138 --> 00:03:55,864 It's a great street in a gorgeous area. 99 00:03:55,968 --> 00:03:57,245 And I love this tree and everything. 100 00:03:57,349 --> 00:03:59,420 And is that a newer roof? Do you know? 101 00:03:59,523 --> 00:04:01,180 I don't know. 102 00:04:01,284 --> 00:04:04,563 Could use a little bit of TLC on the landscaping. 103 00:04:04,666 --> 00:04:06,461 I mean, it's a cool little hideaway bungalow. 104 00:04:06,565 --> 00:04:07,497 Let's go see the inside. 105 00:04:07,600 --> 00:04:08,912 - Yeah. - Yeah. 106 00:04:12,605 --> 00:04:14,435 Oh, my goodness. 107 00:04:14,538 --> 00:04:16,575 - Holy moly. - Whoa! 108 00:04:24,341 --> 00:04:26,619 Ugh! Looks like some pretty compulsive hoarding 109 00:04:26,723 --> 00:04:28,103 going on here. 110 00:04:28,207 --> 00:04:30,934 This front room here was a porch at one point, right? 111 00:04:31,037 --> 00:04:33,108 'Cause, yeah, you can feel the-- 112 00:04:33,212 --> 00:04:34,247 It's kind of slanted. 113 00:04:34,351 --> 00:04:36,111 Yeah, the floor slopes down slightly. 114 00:04:36,215 --> 00:04:37,837 So this was, like, an add-on. 115 00:04:37,941 --> 00:04:40,978 They captured square footage here the old-school way. 116 00:04:41,082 --> 00:04:43,326 The first thing we find under all this junk 117 00:04:43,429 --> 00:04:45,051 is a half-assed fix. 118 00:04:45,155 --> 00:04:46,950 It's great that they made the house bigger, 119 00:04:47,053 --> 00:04:48,883 but the fact that they didn't level the floor 120 00:04:48,986 --> 00:04:50,885 shows a lack of attention to detail 121 00:04:50,988 --> 00:04:52,956 that could mean a bunch of other hidden problems. 122 00:04:53,059 --> 00:04:55,545 Okay, let's see the rest of this place. 123 00:04:55,648 --> 00:04:57,201 Oh, God, guys, look at the ceiling. 124 00:04:57,305 --> 00:04:59,514 I see leaking over there. 125 00:04:59,618 --> 00:05:01,447 - Yeah, woof. - That's pretty bad. 126 00:05:01,551 --> 00:05:03,691 Maybe that roof might not be as new as we think it is, 127 00:05:03,794 --> 00:05:06,797 'cause look at how wet and soggy this filter looks. 128 00:05:06,901 --> 00:05:08,247 Look, there's attic access. 129 00:05:08,351 --> 00:05:10,767 Keith, see what the underside of the roof looks like. 130 00:05:10,870 --> 00:05:12,182 Oh, don't break the... 131 00:05:12,285 --> 00:05:13,908 I'm not going to--There's a chair right here, bro. 132 00:05:14,011 --> 00:05:16,220 - Oh, my God. - I'm not gonna break it, guys. 133 00:05:16,324 --> 00:05:17,429 Uh... See a roof? 134 00:05:17,532 --> 00:05:18,844 Yeah, it's a board roof. 135 00:05:18,947 --> 00:05:20,155 And it looks in pretty good shape. 136 00:05:20,259 --> 00:05:21,743 So this might be as simple as replacing 137 00:05:21,847 --> 00:05:24,056 the rusted-out A.C. and all its pipes. 138 00:05:24,159 --> 00:05:27,542 It's expensive, but it's cheaper than a roof. 139 00:05:27,646 --> 00:05:29,613 Okay, so here's one of the two bedrooms. 140 00:05:29,717 --> 00:05:32,858 - Wow! - I don't even know how deep this bedroom goes. 141 00:05:32,961 --> 00:05:35,170 - Yeah, and there's wood floors. - How can you tell? 142 00:05:35,274 --> 00:05:37,241 The entire room's a junk pile. 143 00:05:37,345 --> 00:05:38,829 Keith, your next girlfriend. 144 00:05:38,933 --> 00:05:41,176 That's so creepy. 145 00:05:41,280 --> 00:05:43,006 This is the other bedroom. - Yeah. 146 00:05:43,109 --> 00:05:44,317 Equally junky, 147 00:05:44,421 --> 00:05:46,803 but decent-size rooms for this house. 148 00:05:46,906 --> 00:05:48,321 There are some highlights, though. 149 00:05:48,425 --> 00:05:50,393 I mean, if you think about it, you don't see, like, drywall 150 00:05:50,496 --> 00:05:53,603 being torn up by water leaks under the windows. 151 00:05:53,706 --> 00:05:55,156 We see-- I mean, we see roof leaks, 152 00:05:55,259 --> 00:05:57,676 but I think that can be cleaned up easy enough. 153 00:05:57,779 --> 00:06:01,058 So far, there's nothing in here that has me super scared. 154 00:06:01,162 --> 00:06:03,371 Other than removing all the clutter in here, 155 00:06:03,475 --> 00:06:06,029 this junkyard dog could be the real deal. 156 00:06:06,132 --> 00:06:07,651 Ah, did anyone look at the bathroom yet? 157 00:06:07,755 --> 00:06:08,721 - I'm scared to go in there. - Let me see. 158 00:06:08,825 --> 00:06:09,998 You guys go first. 159 00:06:12,242 --> 00:06:14,624 - Oh, my God. - It's gross. 160 00:06:14,727 --> 00:06:17,523 On the bright side, the bathroom's kind of big. 161 00:06:17,627 --> 00:06:19,180 We can work with this. Yeah. 162 00:06:19,283 --> 00:06:21,631 This house is starting to feel like one of those relics 163 00:06:21,734 --> 00:06:23,356 you find buried in the attic 164 00:06:23,460 --> 00:06:25,980 that ends up being worth thousands of dollars. 165 00:06:26,083 --> 00:06:29,293 I think that buried under all this stuff is a decent house 166 00:06:29,397 --> 00:06:32,262 with good bones, a little bit undervalued, 167 00:06:32,365 --> 00:06:34,713 and will bring the team a surprising profit. 168 00:06:34,816 --> 00:06:37,336 There's a whole kitchen and a back porch room. 169 00:06:37,440 --> 00:06:39,096 Oh, my goodness. 170 00:06:39,200 --> 00:06:41,133 - It's kind of a big kitchen. - Yeah, it's huge. 171 00:06:41,236 --> 00:06:42,375 Honestly, like, I feel like you could just 172 00:06:42,479 --> 00:06:45,275 demo it out and reconfigure it. 173 00:06:45,378 --> 00:06:47,829 This, I don't think, was the original layout for the kitchen. 174 00:06:47,933 --> 00:06:50,694 This wall here looks pretty thin, 175 00:06:50,798 --> 00:06:54,042 like somebody just made up their own interior dividing wall. 176 00:06:54,146 --> 00:06:55,630 Oh, what is this? Like, a dining room? 177 00:06:55,734 --> 00:06:59,047 Yeah. So the kitchen may have been in here, too, 178 00:06:59,151 --> 00:07:00,601 at one point in time. 179 00:07:00,704 --> 00:07:03,880 Kind of a small, useless dining room, if you ask me. 180 00:07:03,983 --> 00:07:06,710 Let's check out that utility room. 181 00:07:06,814 --> 00:07:09,092 More than big enough for your washer and dryer. 182 00:07:09,195 --> 00:07:11,335 You could do, like, a sitting area in here, too, 183 00:07:11,439 --> 00:07:12,509 like, a sun-room. 184 00:07:12,613 --> 00:07:14,477 Okay, let's see what's in the back. 185 00:07:16,962 --> 00:07:19,102 Not a lot of yard space here, that's for sure. 186 00:07:19,205 --> 00:07:20,862 Is this the workshop you mentioned? 187 00:07:22,933 --> 00:07:25,004 - Look how nice it is. - This used to be a garage. 188 00:07:25,108 --> 00:07:27,317 It looks like there's a bathroom over there. 189 00:07:27,420 --> 00:07:29,526 - A whole bathroom? - Uh, it is. 190 00:07:29,630 --> 00:07:31,701 Oh, my goodness. Wow. 191 00:07:31,804 --> 00:07:34,945 Oh, this is a shower with exposed plumbing. 192 00:07:35,049 --> 00:07:36,602 Kind of cool that we have a bathroom, though, 193 00:07:36,706 --> 00:07:39,053 so we can make this, like, a 1/1 if we wanted. 194 00:07:39,156 --> 00:07:40,468 - Yep. - Yeah. 195 00:07:40,572 --> 00:07:42,470 And what's over here? A back door. 196 00:07:42,574 --> 00:07:44,230 And then what's this? Oh. 197 00:07:44,334 --> 00:07:46,060 Oh, my God. Look at this. A tool-shed thing. 198 00:07:46,163 --> 00:07:47,993 Oh, wait, tools? 199 00:07:48,096 --> 00:07:50,374 So this is the workshop. 200 00:07:50,478 --> 00:07:52,860 But now I'm thinking it could be the kitchenette. 201 00:07:52,963 --> 00:07:55,518 This rear building is blowing me away. 202 00:07:55,621 --> 00:07:56,657 Forget a workshop. 203 00:07:56,760 --> 00:07:58,728 With just a little bit of renovation, 204 00:07:58,831 --> 00:08:02,007 we could turn this unit into a moneymaking rental property 205 00:08:02,110 --> 00:08:04,941 for whoever buys this house. 206 00:08:05,044 --> 00:08:09,083 I'm not sure the sellers realize the potential on this property. 207 00:08:09,186 --> 00:08:12,051 So, guys, this place could be great without a ton of work. 208 00:08:12,155 --> 00:08:13,501 Right? 209 00:08:13,605 --> 00:08:16,124 If we're turning that back unit into an ADU, 210 00:08:16,228 --> 00:08:17,885 I think the property is undervalued 211 00:08:17,988 --> 00:08:20,577 and we can get it for a steal. 212 00:08:20,681 --> 00:08:21,958 So what are the numbers? 213 00:08:22,061 --> 00:08:25,133 Honestly, I'm thinking if we don't have to do the roof, 214 00:08:25,237 --> 00:08:27,791 we could probably get away with spending... 215 00:08:27,895 --> 00:08:28,896 - 60 - ...70. 216 00:08:28,999 --> 00:08:30,587 - Yeah, 60, 70. - 80. Okay, 70, yeah. 217 00:08:30,691 --> 00:08:33,003 Okay, but I think we can get at least... 218 00:08:33,107 --> 00:08:34,349 - 475. - ...425. 219 00:08:34,453 --> 00:08:36,386 Oh, I was just gonna to be happy with 425. 220 00:08:36,489 --> 00:08:38,906 Yeah. When I'm finished making this super cute, 221 00:08:39,009 --> 00:08:41,287 we will get 475. 222 00:08:41,391 --> 00:08:42,288 So what's the offer? 223 00:08:42,392 --> 00:08:44,152 Well, I think we offer him 200. 224 00:08:44,256 --> 00:08:45,326 - Yeah. - Let's get on Anna. 225 00:08:45,429 --> 00:08:46,776 Let's go back to the blueprint office. 226 00:08:46,879 --> 00:08:48,536 We'll write up an offer, and... 227 00:08:48,640 --> 00:08:49,572 - Alright. - ...get this thing done. 228 00:08:49,675 --> 00:08:51,125 - Great. Fine, man. - Yeah. 229 00:08:51,228 --> 00:08:52,782 Let's get out of here. 230 00:08:54,542 --> 00:08:56,026 We got a hold of the family, 231 00:08:56,130 --> 00:08:58,891 and they accepted our offer of $200,000, 232 00:08:58,995 --> 00:09:00,824 which is a great deal for us. 233 00:09:00,928 --> 00:09:04,448 We're giving ourselves a budget of 70 grand for this flip. 234 00:09:04,552 --> 00:09:08,107 We've also decided to fund this deal with all of our own cash. 235 00:09:08,211 --> 00:09:10,006 Interest rates have gone up recently, 236 00:09:10,109 --> 00:09:12,940 so we love the idea of not having to pay anything 237 00:09:13,043 --> 00:09:15,390 for a loan, especially if it means our cash 238 00:09:15,494 --> 00:09:17,082 is only tied up for a little bit. 239 00:09:17,185 --> 00:09:19,981 And I think we can finish this flip in six weeks or less. 240 00:09:20,085 --> 00:09:23,053 Closing costs when we sell should come in around 20 grand, 241 00:09:23,157 --> 00:09:26,539 bringing our all-in cost around $290,000. 242 00:09:26,643 --> 00:09:29,025 But in this hot market where buyers are scarfing up 243 00:09:29,128 --> 00:09:30,336 renovated houses, 244 00:09:30,440 --> 00:09:32,545 especially ones with rental units, 245 00:09:32,649 --> 00:09:34,686 we think that 450 grand 246 00:09:34,789 --> 00:09:38,068 is a solid middle-ground expectation for the sale price, 247 00:09:38,172 --> 00:09:42,383 which would net the team around 160 grand profit. 248 00:09:42,486 --> 00:09:45,455 It's a small house, so there's not a lot to redesign. 249 00:09:45,558 --> 00:09:47,077 But we are gonna make some basic adjustments 250 00:09:47,181 --> 00:09:48,907 to the floor plan. 251 00:09:49,010 --> 00:09:51,564 For the back unit, our layout's still tentative, 252 00:09:51,668 --> 00:09:52,704 but we do want to remove 253 00:09:52,807 --> 00:09:54,637 that wall that extends past the bathroom 254 00:09:54,740 --> 00:09:56,915 to help open the space up. 255 00:09:57,018 --> 00:09:59,572 For the main house, we'll start with a simple fix-- 256 00:09:59,676 --> 00:10:01,436 adding a closet to the utility room 257 00:10:01,540 --> 00:10:05,130 so the washer and dryer can be tucked away out of sight. 258 00:10:05,233 --> 00:10:07,477 But the big fix is to create a better flow 259 00:10:07,580 --> 00:10:08,789 through the common areas. 260 00:10:08,892 --> 00:10:09,997 We're gonna take down the wall 261 00:10:10,100 --> 00:10:11,757 between the kitchen and the dining room, 262 00:10:11,861 --> 00:10:13,103 creating an open connection 263 00:10:13,207 --> 00:10:14,933 all the way through to the living room. 264 00:10:20,939 --> 00:10:23,804 Demo day! Yeah! Let's go. 265 00:10:23,907 --> 00:10:26,599 It's time to strip this place down and get it ready for reno. 266 00:10:29,050 --> 00:10:32,295 First, our team clears out about 40 years' worth 267 00:10:32,398 --> 00:10:34,746 of knickknacks and assorted junk. 268 00:10:34,849 --> 00:10:36,506 Then we get smashing... 269 00:10:39,198 --> 00:10:42,443 ...opening the kitchen up to the adjoining room 270 00:10:42,546 --> 00:10:44,721 and tearing down the dated finishes 271 00:10:44,825 --> 00:10:46,585 and ugly walls of this home. 272 00:10:47,551 --> 00:10:48,829 Ahh! 273 00:10:48,932 --> 00:10:50,589 Once we're done with the main house... Ugh! 274 00:10:50,693 --> 00:10:51,970 ...we head to the rear unit... 275 00:10:54,558 --> 00:10:56,043 ...gutting the inside... 276 00:10:56,146 --> 00:10:58,804 - Come on, now. Be careful. - Oh, my God. 277 00:10:58,908 --> 00:11:01,634 Ashlee! Be careful, I'm telling you. 278 00:11:04,879 --> 00:11:07,019 ...and clearing the way for a modern rebuild 279 00:11:07,123 --> 00:11:08,952 from the ground up. 280 00:11:09,056 --> 00:11:10,747 - Oh. - Alright, Ashlee wins! 281 00:11:10,851 --> 00:11:12,128 Whoo! 282 00:11:24,002 --> 00:11:27,764 Today it's time to upgrade the plumbing system. 283 00:11:27,868 --> 00:11:30,146 We're installing new flexible PEX pipe 284 00:11:30,249 --> 00:11:31,664 throughout the main house, 285 00:11:31,768 --> 00:11:35,323 along with durable PVC under the kitchen and the bathroom. 286 00:11:37,601 --> 00:11:39,880 We also dig out the old line to the back unit 287 00:11:39,983 --> 00:11:41,053 and upgrade it as well. 288 00:11:46,679 --> 00:11:48,854 Next up-- the electrical system. 289 00:11:51,408 --> 00:11:53,065 With the old breaker box removed, 290 00:11:53,169 --> 00:11:55,861 our electricians run from fresh wires to new junction boxes 291 00:11:55,965 --> 00:11:57,863 and fixture connections. 292 00:11:57,967 --> 00:11:59,244 The work will have to be inspected 293 00:11:59,347 --> 00:12:01,108 a few times along the way, 294 00:12:01,211 --> 00:12:04,870 starting with a rough inspection of the basic layout. 295 00:12:04,974 --> 00:12:06,527 But our pros know what they're doing, 296 00:12:06,630 --> 00:12:08,840 and we'll have this place shining in no time. 297 00:12:19,920 --> 00:12:22,543 Hey, dude, we got a problem. 298 00:12:22,646 --> 00:12:24,476 I was just down at City Hall. Yeah. 299 00:12:24,579 --> 00:12:27,375 We don't have permits for the back house 300 00:12:27,479 --> 00:12:28,825 at the Minnesota Project. 301 00:12:28,929 --> 00:12:31,034 Is it not attached to our general build-out permit? 302 00:12:31,138 --> 00:12:33,968 Somebody went and got a separate address for the back unit, 303 00:12:34,072 --> 00:12:37,316 and that means it requires its own permit. 304 00:12:37,420 --> 00:12:40,043 So all the permits that we had that were for-- 305 00:12:40,147 --> 00:12:43,046 for the combined property have to be separated. 306 00:12:43,150 --> 00:12:45,877 For real? Please tell me it wasn't your idea 307 00:12:45,980 --> 00:12:47,602 to get a second address. 308 00:12:47,706 --> 00:12:50,191 Well, I asked the city commissioner 309 00:12:50,295 --> 00:12:53,712 what to do to get another power meter out there. 310 00:12:53,816 --> 00:12:55,507 - Oh! - And it's multifamily zoned, 311 00:12:55,610 --> 00:12:58,441 so I was like, we should have two power meters 312 00:12:58,544 --> 00:13:02,272 so whoever buys us can have an ADU with separate billing. 313 00:13:02,376 --> 00:13:05,068 You asked for a separate meter, not knowing that 314 00:13:05,172 --> 00:13:07,415 that would compel - a separate address. - Yeah. 315 00:13:07,519 --> 00:13:10,556 This meter confusion is a major snafu. 316 00:13:10,660 --> 00:13:12,662 There used to be a time when you could have two meters 317 00:13:12,765 --> 00:13:14,077 on the same address, 318 00:13:14,181 --> 00:13:15,768 but the regulations have changed. 319 00:13:15,872 --> 00:13:17,149 Justin didn't realize that. 320 00:13:17,253 --> 00:13:19,565 Now we have to get new permits for the back house, 321 00:13:19,669 --> 00:13:21,291 and that could take quite a while. 322 00:13:21,395 --> 00:13:22,983 With the length of time that it takes 323 00:13:23,086 --> 00:13:24,225 to go through the permitting process-- 324 00:13:24,329 --> 00:13:26,538 I mean, review by itself is three weeks, 325 00:13:26,641 --> 00:13:28,747 and then they issue the permit, and then, like, 326 00:13:28,851 --> 00:13:31,336 we're seven weeks out by the time we get that finished, 327 00:13:31,439 --> 00:13:34,304 and we can't sell the house with half of it not done. 328 00:13:34,408 --> 00:13:36,686 With our money tied up, this hang-up could cost us 329 00:13:36,789 --> 00:13:38,170 months on this flip. 330 00:13:42,243 --> 00:13:44,176 This permit glitch is big, and not just for this house. 331 00:13:44,280 --> 00:13:45,937 With our cash tied up in this place, 332 00:13:46,040 --> 00:13:47,939 if we don't finish it and sell quickly, 333 00:13:48,042 --> 00:13:50,251 we're gonna have to borrow more money for our other flips, 334 00:13:50,355 --> 00:13:53,116 and that's gonna drive those costs up even higher. 335 00:13:53,220 --> 00:13:55,532 I've never been in this situation before. 336 00:13:55,636 --> 00:13:56,982 This is an odd one. 337 00:13:57,086 --> 00:13:59,364 When I asked the city about the separate electric meters, 338 00:13:59,467 --> 00:14:01,435 I thought they would just make it, like, Unit B. 339 00:14:01,538 --> 00:14:02,505 - Really? - Yeah. Yeah. 340 00:14:02,608 --> 00:14:03,782 Maybe that's our hook, right? 341 00:14:03,886 --> 00:14:05,853 That's our leg to stand on, if we can go and say, 342 00:14:05,957 --> 00:14:08,580 "Hey, listen, we had no idea 343 00:14:08,683 --> 00:14:10,271 that you were gonna give us a second address 344 00:14:10,375 --> 00:14:11,514 and it was gonna destroy 345 00:14:11,617 --> 00:14:12,929 our whole permitting process," right? 346 00:14:13,033 --> 00:14:14,724 - Yeah. - We can go in and say, 347 00:14:14,827 --> 00:14:17,658 "Because that happened, could we ask you to expedite it?" 348 00:14:17,761 --> 00:14:20,903 Maybe they'll recognize what that did to us 349 00:14:21,006 --> 00:14:22,663 and speed it through permitting. 350 00:14:22,766 --> 00:14:24,734 Yeah, maybe they'll cut us a break. 351 00:14:24,837 --> 00:14:26,011 The good news is we've worked 352 00:14:26,115 --> 00:14:27,702 with the folks from City Hall before. 353 00:14:27,806 --> 00:14:30,498 They know who we are, so they might understand this mistake. 354 00:14:30,602 --> 00:14:31,948 and fix it quickly. 355 00:14:32,052 --> 00:14:34,433 Hopefully, we'll be back to flipping in no time. 356 00:14:34,537 --> 00:14:36,504 I'll call you as soon as I got an answer, man. 357 00:14:36,608 --> 00:14:38,023 Alright, brother. I'll see you. 358 00:14:46,721 --> 00:14:48,482 With our back unit temporarily on hold, 359 00:14:48,585 --> 00:14:50,070 we're gonna get cranking with the framing work 360 00:14:50,173 --> 00:14:52,935 on the front house. 361 00:14:53,038 --> 00:14:55,351 We start by putting furring strips on the ceiling, 362 00:14:55,454 --> 00:14:57,353 which will allow for some fresh drywall 363 00:14:57,456 --> 00:14:59,320 and still leave room for electrical conduit 364 00:14:59,424 --> 00:15:01,012 to run underneath. 365 00:15:03,324 --> 00:15:06,051 We also use furring on the outside walls, 366 00:15:06,155 --> 00:15:08,260 which will be used to attach new siding. 367 00:15:41,086 --> 00:15:42,950 The misunderstanding about the meter request 368 00:15:43,054 --> 00:15:46,436 means the back house now has a new address altogether. 369 00:15:46,540 --> 00:15:49,025 That means that our permits no longer apply there 370 00:15:49,129 --> 00:15:50,751 and all work has to stop. 371 00:15:50,854 --> 00:15:52,822 So I'm meeting with Lillian and Patty 372 00:15:52,925 --> 00:15:55,307 to see if they can help untangle this mess. 373 00:15:55,411 --> 00:15:56,791 Okay. What's going on? 374 00:15:56,895 --> 00:16:01,382 Well, so we bought a house on Minnesota, 375 00:16:01,486 --> 00:16:05,248 and it was a main property with a ADU in the back. 376 00:16:05,352 --> 00:16:07,388 And what happened is that 377 00:16:07,492 --> 00:16:10,046 we wanted a separate meter for the rear unit. 378 00:16:10,150 --> 00:16:13,256 So we made the request. It got put through. 379 00:16:13,360 --> 00:16:15,293 And not only did they give us a separate meter, 380 00:16:15,396 --> 00:16:18,261 they gave us a separate address. 381 00:16:18,365 --> 00:16:20,470 Meanwhile, the permit that we had submitted 382 00:16:20,574 --> 00:16:22,714 for the entire project 383 00:16:22,817 --> 00:16:25,268 just got kind of shrunk to just the front part 384 00:16:25,372 --> 00:16:28,133 because I guess the rear unit now with its own address 385 00:16:28,237 --> 00:16:30,825 requires its own permits. 386 00:16:30,929 --> 00:16:34,001 And so we're making great progress on the front part, 387 00:16:34,105 --> 00:16:36,452 but we're not making any progress on the rear. 388 00:16:36,555 --> 00:16:37,832 - Okay. - And it's really holding us up. 389 00:16:37,936 --> 00:16:40,663 Typically, we do have to, if it's a new address-- 390 00:16:40,766 --> 00:16:42,768 and typically with something like that it is-- 391 00:16:42,872 --> 00:16:45,944 it takes some time for it to go through our system 392 00:16:46,048 --> 00:16:47,532 and the county system, 393 00:16:47,635 --> 00:16:49,706 because they have to actually - issue the address. - Okay. 394 00:16:49,810 --> 00:16:51,777 Is there any way we could continue work 395 00:16:51,881 --> 00:16:53,055 in the absence of the permit? 396 00:16:53,158 --> 00:16:54,573 'Cause we do have our electrical, our plumbing, 397 00:16:54,677 --> 00:16:55,988 what have you in the walls. 398 00:16:56,092 --> 00:16:58,853 We can't cover anything up until we get the permit issued. 399 00:16:58,957 --> 00:17:01,063 - Correct. - I mean, we could take pictures of the work done. 400 00:17:01,166 --> 00:17:03,444 It's all being done by licensed professionals. 401 00:17:03,548 --> 00:17:05,757 Is there, like, a hold-harmless type of thing 402 00:17:05,860 --> 00:17:07,207 that we could do in the meantime, or...? 403 00:17:07,310 --> 00:17:09,312 We could look at that. We can also get an inspector 404 00:17:09,416 --> 00:17:11,245 out there to see what's been done... 405 00:17:11,349 --> 00:17:13,247 Okay. ...and then continue from there. 406 00:17:13,351 --> 00:17:14,662 We can work with you on that. 407 00:17:14,766 --> 00:17:17,182 Okay. That would be amazing, 'cause sometimes it can take 408 00:17:17,286 --> 00:17:18,597 a little bit to go through the system 409 00:17:18,701 --> 00:17:20,599 and then request the inspection and so forth. 410 00:17:20,703 --> 00:17:22,256 Do you think we could, 411 00:17:22,360 --> 00:17:23,982 I don't know, perhaps expedite it? 412 00:17:24,086 --> 00:17:25,742 Like, you try to get an inspector out tomorrow? 413 00:17:25,846 --> 00:17:27,261 Sure. We can absolutely do that. 414 00:17:27,365 --> 00:17:29,298 Most of our inspections are done next day, 415 00:17:29,401 --> 00:17:31,162 so it should not be - a problem at all. - Really? 416 00:17:31,265 --> 00:17:34,096 That-- that solves everything. That'd be amazing. 417 00:17:34,199 --> 00:17:35,545 This is what we do. 418 00:17:35,649 --> 00:17:37,306 That meeting went even better than I hoped. 419 00:17:37,409 --> 00:17:39,204 I mean, getting an inspector out there tomorrow-- 420 00:17:39,308 --> 00:17:41,896 that means we can be back at work in just a couple of days. 421 00:17:42,000 --> 00:17:43,553 It won't make up for lost time. 422 00:17:43,657 --> 00:17:46,073 But it will prevent any more time from getting lost. 423 00:17:46,177 --> 00:17:47,661 And that's huge. 424 00:17:52,148 --> 00:17:54,461 The inspector signed off on our back house, 425 00:17:54,564 --> 00:17:56,256 so now we have two separate permits 426 00:17:56,359 --> 00:17:58,085 for two separate addresses, 427 00:17:58,189 --> 00:18:00,398 and we're free to work on both units. 428 00:18:00,501 --> 00:18:03,953 It's time to install our new tile. 429 00:18:04,056 --> 00:18:07,025 For the shower floor, we've chosen the small black hex. 430 00:18:09,476 --> 00:18:12,617 Then outside of the shower, we're using a larger black hex 431 00:18:12,720 --> 00:18:16,103 to create a visual continuity. 432 00:18:16,207 --> 00:18:20,625 For the walls, we've selected a light elongated hex. 433 00:18:20,728 --> 00:18:23,662 The color offers an elegant contrast to the floor, 434 00:18:23,766 --> 00:18:26,562 while the shape of the tile ties the theme all together. 435 00:18:33,293 --> 00:18:34,984 We're also getting to work on the bathroom tile 436 00:18:35,087 --> 00:18:37,262 in the back house, starting with the shower. 437 00:18:39,540 --> 00:18:42,025 For the walls, we're installing a 4x4 tile 438 00:18:42,129 --> 00:18:44,373 in a retro shade called Wood Violet. 439 00:18:46,927 --> 00:18:50,068 Then for the floor, we've chosen an olive blend mosaic tile, 440 00:18:50,172 --> 00:18:51,897 sticking with the retro theme. 441 00:18:54,797 --> 00:18:56,074 When we're done with this bathroom, 442 00:18:56,178 --> 00:18:58,835 it'll be a fully realized palette of classic chic. 443 00:19:07,672 --> 00:19:09,329 I got to get your opinion on this, man. 444 00:19:09,432 --> 00:19:12,539 What do you think we do? Should we wrap this in tile, 445 00:19:12,642 --> 00:19:13,678 wrap it in wood? 446 00:19:13,781 --> 00:19:15,197 Granite. Granite? 447 00:19:15,300 --> 00:19:17,544 Have it cut, like, to this-- this far out 448 00:19:17,647 --> 00:19:19,856 and put crown molding on the front. 449 00:19:19,960 --> 00:19:22,134 What? Hey! Son of a bitch! 450 00:19:22,238 --> 00:19:24,102 What is Blake yelling about? 451 00:19:24,206 --> 00:19:26,863 Yo! You messing with the electric? 452 00:19:26,967 --> 00:19:27,830 - No. - No. 453 00:19:27,933 --> 00:19:29,349 Blake, you alright? 454 00:19:29,452 --> 00:19:32,835 Yeah, just the circuit breaker's been popping all day long. 455 00:19:32,938 --> 00:19:34,250 - Seriously? - What do you mean? 456 00:19:34,354 --> 00:19:36,804 Every time I get going with a cut, it just breaks off. 457 00:19:36,908 --> 00:19:38,081 - Dude. - Oh, you mean the breakers pop? 458 00:19:38,185 --> 00:19:39,635 - Right. - Well, that sucks. 459 00:19:39,738 --> 00:19:41,982 I mean, we're still stuck on that damn temporary power pole. 460 00:19:42,085 --> 00:19:43,432 That's exactly what it is. 461 00:19:43,535 --> 00:19:46,158 After the rough-in inspection of our electrical system 462 00:19:46,262 --> 00:19:48,747 was completed, we did more extensive work, 463 00:19:48,851 --> 00:19:51,474 including the installation of a brand-new panel. 464 00:19:51,578 --> 00:19:54,684 Unfortunately, that means we're waiting on another inspection 465 00:19:54,788 --> 00:19:57,273 before we can electrify this house. 466 00:19:57,377 --> 00:20:00,276 Until then, we're stuck using a temporary power pole 467 00:20:00,380 --> 00:20:02,209 connected to the old breaker box. 468 00:20:02,313 --> 00:20:05,212 And our guy, Blake, who's cutting bathroom tile right now, 469 00:20:05,316 --> 00:20:07,663 is finding out it is not reliable. 470 00:20:07,766 --> 00:20:09,147 We'll see how long that lasts. 471 00:20:09,251 --> 00:20:11,391 Blake, you're saying this keeps happening to you? 472 00:20:11,494 --> 00:20:13,531 It's been since the first part of the day. 473 00:20:13,634 --> 00:20:16,465 - Seriously? - Every time I get halfway through, it pops. 474 00:20:16,568 --> 00:20:17,845 Well, that's a pain, dude. 475 00:20:17,949 --> 00:20:20,607 I'll call Electrical Surgeon, get them out here again 476 00:20:20,710 --> 00:20:23,126 to maybe try to get us some better power, but-- 477 00:20:23,230 --> 00:20:24,473 Dude, we got a brand-new box. 478 00:20:24,576 --> 00:20:25,612 We got a brand-new box 479 00:20:25,715 --> 00:20:28,131 that hasn't been inspected and approved. 480 00:20:28,235 --> 00:20:31,549 These electrical problems could seriously cripple our work here, 481 00:20:31,652 --> 00:20:33,689 especially since we've already fallen behind 482 00:20:33,792 --> 00:20:36,623 thanks to that permit mix-up we had earlier. 483 00:20:36,726 --> 00:20:38,901 This property seems to have it in for us. 484 00:20:39,004 --> 00:20:40,420 Ugh. 485 00:20:44,216 --> 00:20:45,079 Alright, so we gotta call Electrical Surgeon, 486 00:20:45,183 --> 00:20:45,908 gotta get them on the phone. 487 00:20:46,011 --> 00:20:46,978 We gotta get this flip done. 488 00:20:47,081 --> 00:20:48,359 Well... Well, thanks, guys. 489 00:20:48,462 --> 00:20:49,705 - Alright. - Yeah, yeah. 490 00:20:49,808 --> 00:20:51,293 Sorry about - all this, Blake. - No problem. 491 00:20:51,396 --> 00:20:53,018 I mean, I thought we were comfortable 492 00:20:53,122 --> 00:20:55,711 with what we were doing, but now this is uncomfortable, 493 00:20:55,814 --> 00:20:56,781 so we gotta work faster. 494 00:20:56,884 --> 00:20:58,300 Yeah, yeah, no doubt. 495 00:21:04,375 --> 00:21:06,480 We were able to get another inspection done 496 00:21:06,584 --> 00:21:08,517 within a couple days, and we passed. 497 00:21:08,620 --> 00:21:11,554 So that means we can start covering up all these new wires 498 00:21:11,658 --> 00:21:13,176 with fresh drywall. 499 00:21:16,525 --> 00:21:18,458 Our crew has a big job ahead of them, 500 00:21:18,561 --> 00:21:21,288 since pretty much every single wall and ceiling 501 00:21:21,392 --> 00:21:25,534 in this house is in need of some new Sheetrock. 502 00:21:25,637 --> 00:21:27,052 Once those pieces are in place, 503 00:21:27,156 --> 00:21:29,089 we mud over the seams and the screw holes 504 00:21:29,192 --> 00:21:31,471 and get this place smooth and ready for paint. 505 00:21:42,861 --> 00:21:44,415 It's nice to see some work happening here 506 00:21:44,518 --> 00:21:45,588 after all those hang-ups. 507 00:21:45,692 --> 00:21:48,419 - I love a busy job site. - Me too. 508 00:21:48,522 --> 00:21:51,422 We've made some progress at the main house on Minnesota, 509 00:21:51,525 --> 00:21:54,114 but we haven't made as much progress on the rear unit, 510 00:21:54,217 --> 00:21:55,840 mostly because we haven't settled on 511 00:21:55,943 --> 00:21:57,566 a proper design for it. 512 00:21:57,669 --> 00:21:59,395 It's time to take care of that. 513 00:21:59,499 --> 00:22:01,190 It's looking so cute. 514 00:22:01,293 --> 00:22:02,536 - It is cute. - Yeah. 515 00:22:02,640 --> 00:22:04,331 And what I'm thinking is, 516 00:22:04,435 --> 00:22:06,678 I think we need to lose this wall, you know? 517 00:22:06,782 --> 00:22:07,990 - Really? - I do. 518 00:22:08,093 --> 00:22:10,268 'Cause this is just a studio apartment, you know? 519 00:22:10,372 --> 00:22:12,615 Like, literally, your bed and your living room 520 00:22:12,719 --> 00:22:14,514 - are in the same room. - Yeah. 521 00:22:14,617 --> 00:22:17,240 But you got this massive kitchen over here. 522 00:22:17,344 --> 00:22:20,968 This is too big of a kitchen for this small of a unit. 523 00:22:21,072 --> 00:22:22,798 If we drop this wall, 524 00:22:22,901 --> 00:22:25,214 I think it would just make this place feel so much bigger. 525 00:22:25,317 --> 00:22:26,664 Okay, so drop the wall and then, actually, 526 00:22:26,767 --> 00:22:28,044 you could have the kitchen-- like, move it over 527 00:22:28,148 --> 00:22:29,183 where that wall unit is, 528 00:22:29,287 --> 00:22:30,495 'cause that's probably gonna go away. 529 00:22:30,599 --> 00:22:32,394 Yeah. Maybe keep that window blocked in 530 00:22:32,497 --> 00:22:33,981 and have the kitchen come across the back 531 00:22:34,085 --> 00:22:35,914 down here in front of these windows. 532 00:22:36,018 --> 00:22:37,295 Mm-hmm. It would feel a lot bigger, 533 00:22:37,399 --> 00:22:38,883 and you could have an island right here. 534 00:22:38,986 --> 00:22:41,161 I knew I could win her over with my idea. 535 00:22:41,264 --> 00:22:44,095 All I had to do was suggest that we go with an open plan, 536 00:22:44,198 --> 00:22:47,029 and Ash stepped in, took the idea, and ran with it. 537 00:22:47,132 --> 00:22:48,617 I mean, it's still gonna be kind of tight. 538 00:22:48,720 --> 00:22:51,516 Where do you put the fridge with all these windows and all that? 539 00:22:51,620 --> 00:22:54,588 Where do you want to put the fridge? 540 00:22:54,692 --> 00:22:56,452 What I'm thinking now is take it down. 541 00:22:56,556 --> 00:22:58,765 And what if we switch and don't put the kitchen over here? 542 00:22:58,868 --> 00:23:00,422 Maybe keep the bedroom here. Uh-huh. 543 00:23:00,525 --> 00:23:03,217 And then come on over here. You have a sectional here. 544 00:23:03,321 --> 00:23:04,943 So I'm thinking, look, L-shaped kitchen. 545 00:23:05,047 --> 00:23:06,358 - You're the fridge. - I'm the fridge. 546 00:23:06,462 --> 00:23:09,223 And then there's lowers going the whole way around, 547 00:23:09,327 --> 00:23:10,880 sink in front of the window... 548 00:23:10,984 --> 00:23:12,882 - Uh-huh. - ...uppers. 549 00:23:12,986 --> 00:23:15,022 And then it's a cool little L-shaped kitchen. 550 00:23:15,126 --> 00:23:16,921 - Cool. - And you still have room for a bedroom over here, 551 00:23:17,024 --> 00:23:19,371 and the closet will go in behind here. 552 00:23:19,475 --> 00:23:22,236 Okay. Sounds like a plan to me. 553 00:23:22,340 --> 00:23:23,755 Even a small space like this 554 00:23:23,859 --> 00:23:25,516 can have a lot of possibilities. 555 00:23:25,619 --> 00:23:27,449 But we talked it out, and I think we nailed 556 00:23:27,552 --> 00:23:29,589 the right layout for this unit. 557 00:23:29,692 --> 00:23:31,211 We're clear to take this wall out? 558 00:23:31,314 --> 00:23:32,626 - Take it down. - Alright. 559 00:23:32,730 --> 00:23:33,903 We got ourselves a new plan. 560 00:23:34,007 --> 00:23:35,664 Yeah, and the wall comes down. 561 00:23:35,767 --> 00:23:37,666 Yeah, well, you know, that's what we do. 562 00:23:37,769 --> 00:23:39,426 - Design. - Design! 563 00:23:41,773 --> 00:23:44,293 We're two weeks into the six-week renovation, 564 00:23:44,396 --> 00:23:47,123 and of the 70 grand we planned for reno, 565 00:23:47,227 --> 00:23:49,505 we've spent just over 29. 566 00:23:49,609 --> 00:23:51,334 That keeps us on track budget-wise 567 00:23:51,438 --> 00:23:53,060 to flip both of these units, 568 00:23:53,164 --> 00:23:56,236 but finishing them both on time might be a challenge. 569 00:24:02,898 --> 00:24:05,279 Hey, dude. What's going on? 570 00:24:05,383 --> 00:24:07,454 Do you get these spam texts like I do that's like, 571 00:24:07,558 --> 00:24:10,733 "Are you the owner of XYZ property?" 572 00:24:10,837 --> 00:24:12,183 Oh, I get those and I get the calls. 573 00:24:12,286 --> 00:24:15,635 Like, people call in from, like, obviously a far-off place 574 00:24:15,738 --> 00:24:18,120 asking me if they can buy my house. 575 00:24:18,223 --> 00:24:20,847 A result of this red-hot real-estate market that we're in 576 00:24:20,950 --> 00:24:24,367 is unsolicited texts and robo calls from people 577 00:24:24,471 --> 00:24:26,404 claiming that they want to buy your house. 578 00:24:26,508 --> 00:24:28,440 They're almost always wholesalers looking to 579 00:24:28,544 --> 00:24:30,546 lock up a property under contract 580 00:24:30,650 --> 00:24:34,308 and then sell that contract to investors like us for a profit. 581 00:24:34,412 --> 00:24:37,553 We prefer selling to an owner rather than a middleman, 582 00:24:37,657 --> 00:24:40,176 but sometimes it's interesting just to hear their pitch. 583 00:24:41,212 --> 00:24:42,420 Hello, this is Freddy. 584 00:24:42,524 --> 00:24:43,663 Hey, what's up, Freddy? 585 00:24:43,766 --> 00:24:45,147 I just got a text from this number 586 00:24:45,250 --> 00:24:47,563 about a property I have 587 00:24:47,667 --> 00:24:49,600 that apparently you're interested in. 588 00:24:49,703 --> 00:24:50,773 Awesome. 589 00:24:50,877 --> 00:24:52,223 So I've been tying to get a hold of you. 590 00:24:52,326 --> 00:24:54,432 I have a couple clients that have put me in charge 591 00:24:54,536 --> 00:24:57,711 of finding them a house, budget around 500. 592 00:24:57,815 --> 00:24:59,748 They're looking to move quic, though, that's the only issu. 593 00:24:59,851 --> 00:25:02,198 They're coming into town in 14 days. 594 00:25:02,302 --> 00:25:03,683 They're moving for work, 595 00:25:03,786 --> 00:25:06,099 and they need the house ready to go and move in. 596 00:25:06,202 --> 00:25:07,514 Wait, wait, whoa, whoa, wait. 597 00:25:07,618 --> 00:25:09,551 Freddy, I'm gonna be upfront. We're still struggling 598 00:25:09,654 --> 00:25:11,829 to assess whether you're legit or not, 599 00:25:11,932 --> 00:25:16,178 but you're actually a real Realtor? 600 00:25:16,281 --> 00:25:17,593 I know it's kind of an odd thing, 601 00:25:17,697 --> 00:25:19,284 but I'm actually in Orlando. 602 00:25:25,083 --> 00:25:26,050 Well, so here's the situation at the house. 603 00:25:26,153 --> 00:25:27,051 The front house, the main house-- 604 00:25:27,154 --> 00:25:29,225 we could have it done in 14 days. 605 00:25:29,329 --> 00:25:32,297 The rear house-- very unlikely to be done in 14 days. 606 00:25:32,401 --> 00:25:34,645 Yeah, they don't need you to finish the back house. 607 00:25:34,748 --> 00:25:36,301 They can do that later on their own. 608 00:25:36,405 --> 00:25:38,303 They just need you to finish the front house in two weeks. 609 00:25:38,407 --> 00:25:39,615 The back house comes with it. 610 00:25:39,719 --> 00:25:41,859 Like, it's, like, the same plat. 611 00:25:41,962 --> 00:25:43,412 Could be a good cash-flow house. 612 00:25:43,515 --> 00:25:45,034 If y'all are legit, y'all want to come 613 00:25:45,138 --> 00:25:46,449 take a look at it, or what? 614 00:25:46,553 --> 00:25:48,072 Yeah, so they've been having me FaceTime, 615 00:25:48,175 --> 00:25:49,280 'cause obviously they're not here. 616 00:25:49,383 --> 00:25:51,869 So I could come by and I'll-- 617 00:25:51,972 --> 00:25:54,630 I'll FaceTime them, and we'll see what they say. 618 00:25:54,734 --> 00:25:56,805 Alright, well, like I said, man, 619 00:25:56,908 --> 00:25:59,255 it's still a job site, but we can work out a time 620 00:25:59,359 --> 00:26:01,223 to leave a key in the lockbox for you. 621 00:26:01,326 --> 00:26:02,362 Awesome. Thank you, guys. 622 00:26:02,465 --> 00:26:03,397 I appreciate the time. 623 00:26:03,501 --> 00:26:05,123 Yeah, man. See ya. 624 00:26:05,227 --> 00:26:06,987 Dude, magic phone call. 625 00:26:07,091 --> 00:26:09,024 That's the phone call that never happens. 626 00:26:09,127 --> 00:26:10,853 This guy sounded legit. 627 00:26:10,957 --> 00:26:14,374 Man, this crazy market is prompting some crazy offers. 628 00:26:14,477 --> 00:26:16,341 We're way behind on the back house 629 00:26:16,445 --> 00:26:18,309 because of all those permit problems. 630 00:26:18,412 --> 00:26:20,725 We also self-financed this flip, 631 00:26:20,829 --> 00:26:22,589 which means tying up all of our cash. 632 00:26:22,693 --> 00:26:23,935 If we can sell this place 633 00:26:24,039 --> 00:26:26,420 for the top end of our range in two weeks, 634 00:26:26,524 --> 00:26:29,216 and we don't even have to finish the reno in the back house, 635 00:26:29,320 --> 00:26:30,770 that solves everything for us. 636 00:26:30,873 --> 00:26:32,323 We should check out his proof of funds. 637 00:26:32,426 --> 00:26:33,876 We'll see if his clients are legit, 638 00:26:33,980 --> 00:26:35,360 and if they actually want to buy it from us, 639 00:26:35,464 --> 00:26:36,879 then whatever, we'll sell it to them. 640 00:26:36,983 --> 00:26:38,087 For sure. Let's roll out of here. 641 00:26:38,191 --> 00:26:39,951 Let's go. 642 00:26:48,684 --> 00:26:50,237 We followed up on those buyers, 643 00:26:50,341 --> 00:26:52,481 and they were legit. 644 00:26:52,584 --> 00:26:54,207 If we can finish the front house 645 00:26:54,310 --> 00:26:56,761 to their satisfaction within two weeks, 646 00:26:56,865 --> 00:27:00,040 they'll buy this place for $475,000. 647 00:27:00,144 --> 00:27:03,009 Obviously, no deal's locked until it officially closes, 648 00:27:03,112 --> 00:27:05,287 but with the money we'd save by not having to finish 649 00:27:05,390 --> 00:27:08,083 that back house, we gotta go for it. 650 00:27:08,186 --> 00:27:09,981 The next step? Paint. 651 00:27:12,294 --> 00:27:15,124 As a courtesy, we're going ahead and painting both houses, 652 00:27:15,228 --> 00:27:18,645 starting with a medium gray on the eaves and soffits, 653 00:27:18,749 --> 00:27:22,856 as well as window frames and even the porch ceiling. 654 00:27:22,960 --> 00:27:24,651 It's a strong but neutral color 655 00:27:24,755 --> 00:27:27,896 that provides a solid outline for both units. 656 00:27:27,999 --> 00:27:29,932 Once that dries, we tape up those outlines 657 00:27:30,036 --> 00:27:33,487 and get started on our body color-- 658 00:27:33,591 --> 00:27:37,077 a bold red that'll give these smaller houses a real presence 659 00:27:37,181 --> 00:27:38,872 and help them stand out. 660 00:27:38,976 --> 00:27:41,047 And the buyers like it, too. 661 00:27:49,987 --> 00:27:51,920 With nine days to our deadline, 662 00:27:52,023 --> 00:27:54,785 it's time to get our flooring done. 663 00:27:54,888 --> 00:27:57,511 We've chosen luxury vinyl planks for this house. 664 00:27:57,615 --> 00:27:58,961 They look like wood, 665 00:27:59,065 --> 00:28:01,619 but they're actually more durable and more affordable. 666 00:28:04,104 --> 00:28:05,830 They're also easy to install. 667 00:28:05,934 --> 00:28:08,730 We're using Gorilla Glue adhesive to lock them in place. 668 00:28:10,973 --> 00:28:14,183 The light-brown tone adds a sense of warmth to the rooms, 669 00:28:14,287 --> 00:28:18,015 and the herringbone pattern adds the perfect touch of style. 670 00:28:28,059 --> 00:28:30,199 We're down to just five days left. 671 00:28:30,303 --> 00:28:34,203 So today, our crew is starting to build out our kitchen. 672 00:28:34,307 --> 00:28:35,860 They're installing white Shaker cabinets, 673 00:28:35,964 --> 00:28:38,518 which will give this room a nice, clean look. 674 00:28:42,004 --> 00:28:44,351 While they're at it, they're putting the new stove in place 675 00:29:39,475 --> 00:29:41,857 we have been cranking on our renovations, 676 00:29:41,961 --> 00:29:43,376 and we've gotten a lot done. 677 00:29:43,479 --> 00:29:46,137 But I was just alerted that things might not be going 678 00:29:46,241 --> 00:29:47,932 as smoothly as planned. 679 00:29:48,036 --> 00:29:49,589 Cabinets just got assembled yesterday, 680 00:29:49,692 --> 00:29:54,905 but I gave the cabinet guys, I think, the wrong layout. 681 00:29:55,008 --> 00:29:58,149 Oh. I did a-- yeah. 682 00:29:58,253 --> 00:30:01,221 - What the heck? - That's frustrating. 683 00:30:01,325 --> 00:30:02,705 How'd that happen? 684 00:30:02,809 --> 00:30:04,431 Like I said, I guess I gave them the wrong layout. 685 00:30:04,535 --> 00:30:05,812 This upper shouldn't be here, though. 686 00:30:05,916 --> 00:30:08,366 We're supposed to have a chef's hood. 687 00:30:08,470 --> 00:30:12,129 And you know what sucks is we had to delete the dishwasher. 688 00:30:12,232 --> 00:30:13,682 But I was like, this house is so small. 689 00:30:13,785 --> 00:30:14,821 It is what it is. 690 00:30:14,925 --> 00:30:17,203 Why did we delete the dishwasher? 691 00:30:17,306 --> 00:30:18,929 It didn't fit in the kitchen right. 692 00:30:19,032 --> 00:30:20,896 Like, the cabinet guys set it up. 693 00:30:21,000 --> 00:30:23,312 And then when the guys came and built it, they're like, 694 00:30:23,416 --> 00:30:25,245 "Uh, you got a dishwasher delivered. 695 00:30:25,349 --> 00:30:26,315 Where does it go?" 696 00:30:26,419 --> 00:30:27,869 And then I was like, "Oh, my God." 697 00:30:27,972 --> 00:30:29,560 There were two different layouts, 698 00:30:29,663 --> 00:30:31,320 and the one that I guess I gave him 699 00:30:31,424 --> 00:30:33,978 was the not-dishwasher one. 700 00:30:34,082 --> 00:30:35,566 I can't believe what I'm hearing. 701 00:30:35,669 --> 00:30:39,156 Justin designed a kitchen with no dishwasher, 702 00:30:39,259 --> 00:30:41,883 no range hood, and drawers that don't open? 703 00:30:41,986 --> 00:30:43,367 We're under a deadline! 704 00:30:43,470 --> 00:30:45,921 And there might not be time to fix it in the next four days. 705 00:30:46,025 --> 00:30:47,681 This is really bad. 706 00:30:53,964 --> 00:30:54,757 So we're gonna try to sell a house for top dollar 707 00:30:54,861 --> 00:30:56,863 without a dishwasher? 708 00:30:56,967 --> 00:30:59,624 I mean, they can pop it in somewhere else afterwards. 709 00:30:59,728 --> 00:31:01,074 - It is what it is. - Oh, my God. 710 00:31:01,178 --> 00:31:03,490 Justin seems to think this is no big deal. 711 00:31:03,594 --> 00:31:06,045 But kitchens are the heart of any rehab. 712 00:31:06,148 --> 00:31:08,599 If our buyers aren't satisfied with this house, 713 00:31:08,702 --> 00:31:10,014 they can back out of the deal. 714 00:31:10,118 --> 00:31:12,914 Meeting this deadline is becoming a real killer. 715 00:31:13,017 --> 00:31:15,502 I really hope this doesn't blow up on us. 716 00:31:27,445 --> 00:31:29,275 - Okay! - Okay. 717 00:31:29,378 --> 00:31:32,002 We're getting close. - Getting closer. 718 00:31:32,105 --> 00:31:33,417 What are we gonna do with that? 719 00:31:33,520 --> 00:31:35,453 There's granite that's going on top of that 720 00:31:35,557 --> 00:31:37,110 and crown molding in front. 721 00:31:37,214 --> 00:31:40,010 Our deadline for finishing this house is in just a few days. 722 00:31:40,113 --> 00:31:42,288 And while we do have a few final things to wrap up, 723 00:31:42,391 --> 00:31:43,772 I think we're gonna make it. 724 00:31:43,875 --> 00:31:45,843 Any decision on painting this, or no? 725 00:31:45,947 --> 00:31:47,051 Uh, I don't know. 726 00:31:47,155 --> 00:31:48,915 We might even let the buyer decide that. 727 00:31:49,019 --> 00:31:50,744 That's the thing-- we have the buyer, 728 00:31:50,848 --> 00:31:52,539 and they are ready to move in. 729 00:31:52,643 --> 00:31:54,956 - Has he seen the inside yet? - It's an out-of-town guy. 730 00:31:55,059 --> 00:31:56,302 He hasn't seen the inside, inside, 731 00:31:56,405 --> 00:31:57,337 but he doesn't care--Oh, my God. 732 00:31:57,441 --> 00:31:58,821 So just let me tell you, I think-- 733 00:33:01,022 --> 00:33:03,438 This house is not as perfect as we wanted it, 734 00:33:03,541 --> 00:33:06,751 so I guess it's smart to dress it up nice for its first date. 735 00:33:06,855 --> 00:33:09,789 And hopefully it'll be love at first sight. 736 00:33:09,892 --> 00:33:11,860 Alright, I'll call the staging crew. 737 00:33:13,551 --> 00:33:14,690 The good news is 738 00:33:14,794 --> 00:33:17,590 we anticipated $70,000 for this renovation 739 00:33:17,693 --> 00:33:19,971 and only spent about $53,000 740 00:33:20,075 --> 00:33:22,353 since we didn't have to complete that back unit, 741 00:33:22,457 --> 00:33:24,942 assuming the deal still goes through. 742 00:33:25,046 --> 00:33:27,910 Here's to hoping the buyers are happy with the results. 743 00:33:35,780 --> 00:33:37,644 We've decided it's better to be safe than sorry. 744 00:33:37,748 --> 00:33:40,061 And we're gonna go ahead and stage the house. 745 00:33:42,856 --> 00:33:44,203 Our friends at the staging company 746 00:33:44,306 --> 00:33:45,583 are making sure this house 747 00:33:45,687 --> 00:33:47,413 looks like a perfect place to call home, 748 00:33:47,516 --> 00:33:49,104 using a blend of comfortable furniture 749 00:33:49,208 --> 00:33:52,142 and friendly accents to win our buyer's confidence. 750 00:33:58,769 --> 00:34:00,840 It's the buyer. It's the buyer. 751 00:34:00,943 --> 00:34:02,945 Hi, Keith! How you doing? 752 00:34:03,049 --> 00:34:04,671 Good. Doing very well. Doing very well. 753 00:34:04,775 --> 00:34:06,880 We're getting the place ready for you for tomorrow. 754 00:34:06,984 --> 00:34:08,330 That's great. That's great. 755 00:34:08,434 --> 00:34:09,711 You know what? 756 00:34:16,304 --> 00:34:17,753 Okay. 757 00:34:23,242 --> 00:34:24,829 Our buyer surprised us as we were staging the house. 758 00:34:24,933 --> 00:34:26,417 We were expecting him tomorrow where we would have had 759 00:34:26,521 --> 00:34:28,488 a lot more finishes set up in the house, 760 00:34:28,592 --> 00:34:30,145 the staging set up. 761 00:34:30,249 --> 00:34:32,665 But today, not so much. 762 00:34:32,768 --> 00:34:34,460 Two minutes away? That's unbelievable. 763 00:34:34,563 --> 00:34:35,633 I don't even know how much better 764 00:34:35,737 --> 00:34:37,221 we can make it look in two minutes, guys. 765 00:34:37,325 --> 00:34:40,949 Uh-oh. Who scratched this? That just dirt? 766 00:34:41,052 --> 00:34:42,744 Here. Let's move this box. 767 00:34:42,847 --> 00:34:44,021 We still have-- 768 00:34:44,125 --> 00:34:45,712 we still have rooms full of stuff here, guys. 769 00:34:45,816 --> 00:34:46,920 I mean... 770 00:34:47,024 --> 00:34:49,060 - Somebody here? - Oh, my God. 771 00:34:49,164 --> 00:34:51,235 - Hello! - Hello! 772 00:34:51,339 --> 00:34:52,305 - Hey. - Hi, Keith! 773 00:34:52,409 --> 00:34:53,927 Hello. Hello. Great to see you. 774 00:34:54,031 --> 00:34:55,274 Great to see you. It's a surprise. 775 00:34:55,377 --> 00:34:56,758 Thank you for coming by. 776 00:34:56,861 --> 00:34:59,588 Sorry I'm a day early, but, you know, 777 00:34:59,692 --> 00:35:02,281 as you know, the market is really crazy. 778 00:35:02,384 --> 00:35:03,385 Yeah. I could not wait for other people, like, 779 00:35:03,489 --> 00:35:06,664 come and make offer, whatever. 780 00:35:06,768 --> 00:35:08,597 No, no. It's your place. This is Ashlee. 781 00:35:08,701 --> 00:35:10,047 - Hi. - My pleasure. 782 00:35:10,151 --> 00:35:11,635 Nice to meet you. How's it going? 783 00:35:11,738 --> 00:35:14,569 Excited. I just see pictures, but, you know, 784 00:35:14,672 --> 00:35:15,777 they're before. I want to see the after. 785 00:35:15,880 --> 00:35:17,503 Yeah, well, let's show you a few things. 786 00:35:17,606 --> 00:35:19,608 This place has been really transformed. 787 00:35:19,712 --> 00:35:21,748 This room used to have very dark paneling. 788 00:35:21,852 --> 00:35:23,267 The floors in here are also bit sloped 789 00:35:23,371 --> 00:35:25,304 because this used to be a porch. 790 00:35:25,407 --> 00:35:27,098 It was pretty much a mess everywhere. 791 00:35:27,202 --> 00:35:30,136 But now we've got all of that fixed. 792 00:35:30,240 --> 00:35:31,551 We painted it all, so it looks really good. 793 00:35:31,655 --> 00:35:32,863 It's nice and bright. 794 00:35:32,966 --> 00:35:35,590 It's an open, welcoming entryway for your guests. 795 00:35:35,693 --> 00:35:37,764 And this living room was really something. 796 00:35:37,868 --> 00:35:41,147 It had old wooden paneling and lime-green carpet. 797 00:35:41,251 --> 00:35:43,598 And then we did the same floor throughout the whole house. 798 00:35:43,701 --> 00:35:45,669 - In a herringbone pattern. - Yeah. 799 00:35:45,772 --> 00:35:48,534 Wow. I like the flooring. Yeah, it's really good. 800 00:35:48,637 --> 00:35:50,777 Our anticipation was that the mantel, 801 00:35:50,881 --> 00:35:52,227 for example, would have granite. 802 00:35:52,331 --> 00:35:54,643 We would use the leftover granite from the kitchen. 803 00:35:54,747 --> 00:35:56,058 Do you want to pick the granite yourself? 804 00:35:56,162 --> 00:35:57,474 We'll just leave it as is? 805 00:35:57,577 --> 00:35:59,993 Yeah, leave it as it, 'cause I will make it. 806 00:36:00,097 --> 00:36:01,754 Okay. And you like to pick your own finishes? 807 00:36:01,857 --> 00:36:02,893 - Yeah! - Okay, yeah, yeah. 808 00:36:02,996 --> 00:36:04,619 Alright, let's show you the kitchen. 809 00:36:04,722 --> 00:36:06,207 Yeah, show me the kitchen. 810 00:36:06,310 --> 00:36:08,312 We actually did a good bit of work here. 811 00:36:08,416 --> 00:36:10,797 Originally, it was two rooms. There was a wall. 812 00:36:10,901 --> 00:36:14,284 And when we took it out, it really opened up this space. 813 00:36:14,387 --> 00:36:15,492 I think it came together really well. 814 00:36:17,390 --> 00:36:18,564 Yeah, farm sink. 815 00:36:18,667 --> 00:36:19,841 Yeah. 816 00:36:21,601 --> 00:36:23,154 - Oh, yeah, of course. - Okay. 817 00:36:23,258 --> 00:36:25,364 There's just a few finishes that have to be added. 818 00:36:25,467 --> 00:36:28,056 We'll make sure the main house is finished before you move in. 819 00:36:28,159 --> 00:36:29,230 Beautiful. 820 00:36:29,333 --> 00:36:30,576 Let's show you the bathroom over here. 821 00:36:30,679 --> 00:36:31,991 I almost wish you could have seen 822 00:36:32,094 --> 00:36:34,269 how awful this bathroom was. when we first got here. 823 00:36:34,373 --> 00:36:35,581 Everything was stained 824 00:36:35,684 --> 00:36:37,893 or looked like it was left over from the '70s. 825 00:36:37,997 --> 00:36:39,895 We've updated it a lot. 826 00:36:39,999 --> 00:36:43,451 Every wall in this bathroom has been tiled. 827 00:36:43,554 --> 00:36:45,625 It look really beautiful. 828 00:36:45,729 --> 00:36:47,938 To clean it's going to be, like, harder, but... 829 00:36:49,491 --> 00:36:51,769 You'd probably be able to use, like, a squeegee to clean it. 830 00:36:51,873 --> 00:36:53,840 The entire surface is waterproof. 831 00:36:53,944 --> 00:36:54,979 Okay, that's cool for me. 832 00:36:55,083 --> 00:36:56,981 And then here's one of the bedrooms. 833 00:36:57,085 --> 00:36:58,673 This room used to be a pigsty. 834 00:36:58,776 --> 00:36:59,984 There was so much junk everywhere, 835 00:37:00,088 --> 00:37:02,090 you could barely wade through it. 836 00:37:02,193 --> 00:37:04,886 But we cleaned it up and I think it looks great now. 837 00:37:04,989 --> 00:37:06,784 Nice and bright and you can see the backyard. 838 00:37:06,888 --> 00:37:07,923 Yeah, definitely. 839 00:37:08,027 --> 00:37:09,408 I love the window. 840 00:37:09,511 --> 00:37:11,341 And, of course, we're going to leave this tile here for you, 841 00:37:11,444 --> 00:37:12,825 so you can finish the back house. 842 00:37:12,928 --> 00:37:14,689 So, if your wife doesn't like it, you can change it. 843 00:37:14,792 --> 00:37:16,794 - That's a good thing. - Yep? Okay. Perfect. 844 00:37:16,898 --> 00:37:18,279 That's the other bedroom. This used to be 845 00:37:18,382 --> 00:37:20,073 another disaster full of junk, 846 00:37:20,177 --> 00:37:22,144 but with ugly blue carpet. 847 00:37:22,248 --> 00:37:23,939 Now, it's got nice, new floors, 848 00:37:24,043 --> 00:37:26,183 but it still looks a little cluttered. 849 00:37:26,287 --> 00:37:28,047 These are the cabinets for the house in the back. 850 00:37:28,150 --> 00:37:30,360 - Yeah. - Okay. - You'll just build those yourself 851 00:37:30,463 --> 00:37:31,947 and then there's a dishwasher for the back. 852 00:37:32,051 --> 00:37:33,949 It's kind of like a house do-it-yourself kit. 853 00:37:37,263 --> 00:37:38,782 - She's-- - Glad you think that's funny. 854 00:37:39,921 --> 00:37:41,371 So the one area of the house 855 00:37:41,474 --> 00:37:42,889 that we haven't gotten to show you yet 856 00:37:42,993 --> 00:37:45,444 is the back porch area and laundry room. 857 00:37:45,547 --> 00:37:47,066 There wasn't much to it, at first, 858 00:37:47,169 --> 00:37:48,516 just an oversized laundry room 859 00:37:48,619 --> 00:37:49,689 with the washer and dryer exposed. 860 00:37:49,793 --> 00:37:51,760 But look at it now! 861 00:37:51,864 --> 00:37:54,694 This is sort of an eat-in, breakfast nook, 862 00:37:54,798 --> 00:37:57,352 read-a-book area, you know, what have you. 863 00:37:57,456 --> 00:37:59,734 Yeah, I see myself here, you know, 864 00:37:59,837 --> 00:38:02,357 with my boys, life studying. 865 00:38:02,461 --> 00:38:03,427 It's going to be really good. 866 00:38:03,531 --> 00:38:05,429 Let's go see the back area. 867 00:38:05,533 --> 00:38:06,706 We weren't sure what to expect 868 00:38:06,810 --> 00:38:08,984 when we first headed towards this back unit. 869 00:38:09,088 --> 00:38:10,469 We heard it was just a workshop. 870 00:38:10,572 --> 00:38:12,056 But even though it was buried under junk, 871 00:38:12,160 --> 00:38:13,334 we realized it had the potential 872 00:38:13,437 --> 00:38:14,852 to be so much more. 873 00:38:14,956 --> 00:38:17,510 We had a lot of cleaning to do, but now, 874 00:38:17,614 --> 00:38:19,374 the transformation is well underway. 875 00:38:19,478 --> 00:38:21,065 This is how you do house hacking. 876 00:38:21,169 --> 00:38:22,929 You rent this place and it offsets most 877 00:38:23,033 --> 00:38:24,621 of the mortgage for the whole property. 878 00:38:24,724 --> 00:38:26,347 All the drywall is here for you. 879 00:38:26,450 --> 00:38:27,382 You can finish yourself. 880 00:38:27,486 --> 00:38:30,212 But the shower is over here. 881 00:38:30,316 --> 00:38:32,870 Before, this bathroom was dim and dirty, 882 00:38:32,974 --> 00:38:34,527 with tiles falling off the walls 883 00:38:34,631 --> 00:38:36,149 and exposed plumbing. 884 00:38:36,253 --> 00:38:37,737 Now, the plumbing is inside the walls, 885 00:38:37,841 --> 00:38:38,842 where it belongs, 886 00:38:38,945 --> 00:38:40,982 and it has cool, retro-style tile. 887 00:38:41,085 --> 00:38:42,880 I like it. If I put like 888 00:38:42,984 --> 00:38:45,918 luxury like finishes, I could get more 889 00:38:46,021 --> 00:38:47,264 - Yeah. - on the renting price. 890 00:38:47,368 --> 00:38:49,059 - Yeah. - And I think, when you grout it, 891 00:38:49,162 --> 00:38:50,198 it'll all tie together, 892 00:38:50,301 --> 00:38:51,958 you know, the green and the purple. 893 00:38:52,062 --> 00:38:52,718 - Okay. - I think it's cool. 894 00:38:52,821 --> 00:38:53,891 It looks very islandy. 895 00:38:53,995 --> 00:38:54,996 It's fresh. - Oh, yeah. 896 00:38:55,099 --> 00:38:56,584 I mean, it matches your jacket. 897 00:38:56,687 --> 00:38:59,276 - Oh, yeah. - Yeah. 898 00:38:59,380 --> 00:39:00,691 The kitchen is all going over here. 899 00:39:00,795 --> 00:39:01,899 We'll give you the plans, okay? 900 00:39:02,003 --> 00:39:02,762 So you'll have the plans. 901 00:39:02,866 --> 00:39:03,867 Sink is right there. 902 00:39:03,970 --> 00:39:05,351 Range, the stove, over there. 903 00:39:05,455 --> 00:39:06,697 And everything is here for you. 904 00:39:06,801 --> 00:39:08,941 They got all the permits to make like 905 00:39:09,044 --> 00:39:10,839 a living area to rent it? 906 00:39:10,943 --> 00:39:12,807 The permits are all in place 907 00:39:12,910 --> 00:39:16,086 and we even actually just passed the electrical inspection. 908 00:39:16,189 --> 00:39:19,089 But what's even more important going forward 909 00:39:19,192 --> 00:39:20,746 is that we managed to obtain, 910 00:39:20,849 --> 00:39:23,265 not only a separate electrical meter for this unit, 911 00:39:23,369 --> 00:39:24,681 but a separate address, 912 00:39:24,784 --> 00:39:26,717 which makes it a lot easier to rent. 913 00:39:26,821 --> 00:39:28,339 So, are you happy with it? 914 00:39:28,443 --> 00:39:29,340 You're ready to close? 915 00:39:33,414 --> 00:39:35,726 Alright, let's-- let's do the deal. 916 00:39:35,830 --> 00:39:36,969 - We're ready, yeah? - Alright. 917 00:39:37,072 --> 00:39:38,004 - Okay. I got-- - Yeah, man. - Yeah. 918 00:39:38,108 --> 00:39:39,316 I got the money in the bank. 919 00:39:39,420 --> 00:39:40,628 I ready to wire it right now. 920 00:39:40,731 --> 00:39:41,974 Perfect. Well, we'll set it upYeah. 921 00:39:42,077 --> 00:39:44,148 in the next few days and it's yours. 922 00:39:44,252 --> 00:39:45,943 This has been such a win-win. 923 00:39:46,047 --> 00:39:48,808 In this market, things happening like this, 924 00:39:48,912 --> 00:39:51,432 where buyers want to close as quick as possible, 925 00:39:51,535 --> 00:39:53,261 happens more often than you might think. 926 00:39:53,364 --> 00:39:55,919 Houses are only on the market for a fraction of a second. 927 00:39:56,022 --> 00:39:57,334 Bids drive the prices up. 928 00:39:57,438 --> 00:39:59,578 Our buyer got a house without having to worry 929 00:39:59,681 --> 00:40:00,993 about bidding and, for us, 930 00:40:01,096 --> 00:40:02,926 we had all of our cash tied up in this place 931 00:40:03,029 --> 00:40:05,204 and this lets us get our money out of this house 932 00:40:05,307 --> 00:40:06,826 and move on to other projects. 933 00:40:06,930 --> 00:40:08,000 My wife is going to be happy. 934 00:40:08,103 --> 00:40:10,209 My kids are going to be amazed 935 00:40:10,312 --> 00:40:11,210 - Aww. - because they're going to love 936 00:40:11,313 --> 00:40:12,349 the neighborhood. - Yeah. 937 00:40:12,453 --> 00:40:14,109 They're going to be close to downtown. 938 00:40:14,213 --> 00:40:15,663 They're going to have a lot of fun. 939 00:40:15,766 --> 00:40:17,216 - Ah. - and I see a lot of memories. 940 00:40:17,319 --> 00:40:18,528 Thank you. - Okay. Alright! - Yes. 941 00:40:18,631 --> 00:40:19,701 - Fantastic. - A lot of good memories here. 942 00:40:19,805 --> 00:40:21,151 Yay! Excellent. 943 00:40:22,428 --> 00:40:24,016 The great work we did showed through 944 00:40:24,119 --> 00:40:25,707 and the buyer was thrilled. 945 00:40:25,811 --> 00:40:27,606 We signed the papers and closed the deal 946 00:40:27,709 --> 00:40:31,161 for $475,000, just as we had hoped. 947 00:40:31,264 --> 00:40:32,507 We bought this house for 200 grand 948 00:40:32,611 --> 00:40:34,889 and our reno costs were only $53,000. 949 00:40:34,992 --> 00:40:36,511 We saved thousands in loan interest 950 00:40:36,615 --> 00:40:38,271 by financing this ourselves, 951 00:40:38,375 --> 00:40:41,412 and our closing costs came in at just over $21,000. 952 00:40:41,516 --> 00:40:44,657 That's an all-in cost of just under 275 grand, 953 00:40:44,761 --> 00:40:48,316 which means this sale price tops $200,000 in profit. 954 00:40:48,419 --> 00:40:51,457 Needless to say, the market here in Orlando is still scorching. 955 00:40:54,184 --> 00:40:55,254 Wasn't that amazing? 956 00:40:55,357 --> 00:40:57,118 It was something that never happens. 957 00:40:57,221 --> 00:40:59,465 Ever. But in this market, 958 00:41:17,138 --> 00:41:18,346 I love this neighborhood. 959 00:41:18,449 --> 00:41:20,072 Yeah, but maybe don't spend all our cash 960 00:41:20,175 --> 00:41:21,522 this time, Mr. Moneybags.