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Real estate
is a hot commodity.
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00:00:04,633 --> 00:00:08,879
But around every corner,
danger lurks...
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00:00:08,982 --> 00:00:10,329
from zombie houses.
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These rotting corpses
aren't just ugly...
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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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And they can drag down
an entire neighborhood...
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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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It's a wreck but we don't
shy away from things like that.
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Ew.
Our team tracks
these filthy zombies down...
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This place
is a total dump,
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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,
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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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...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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Where are we
with the Lake Mary flip?
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Because I'm starting
to get worried.
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We're in permitting hell
on that property.
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We're frozen. We can't--
We can't build there right now.
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I mean, I don't think we're
going to make any money on it.
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Yeah, I mean, this Lake Mary
project's got us all spooked.
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This thing's the longest
renovation we've ever done
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in our entire lives.
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It's literally going to be
almost a year
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to get this flip
even on the market.
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It's starting
to cost a fortune,
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and we don't really have
a way through this.
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Today the zombie team
is heading
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outside of our usual territory.
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I found a really
intriguing listing
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in the town called Lake Mary.
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Lake Mary is located 18 miles
north of central Orlando.
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It's known for
its excellent schools,
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a thriving business scene,
and low crime rate.
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We haven't done any flips
out here before,
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so we don't know all the local
ordinances and regulations.
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But with the real estate market
getting super tight in Orlando
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and zombies
being harder to find,
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this might be a great place
for us to expand.
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I've heard
horror stories
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about doing flips
in Lake Mary.
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Flippers saying
the city's slow.
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They take a couple weeks
to approve permits
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that should just take
a couple of days.
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Then we're lucky because
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the property is right outside
the city line.
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It's in
Seminole County.
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This popped up
on my radar
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because it's been on the market
for 244 days.
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Ah.
So a crazy
amount of time.
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But it is
a very interesting old home.
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It's 3,000 square feet.
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I think it has
like four bedrooms
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and like three bathrooms.
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There's a formal
dining room,
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a breakfast nook,
a laundry room.
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The place is huge, but it gets
even more interesting.
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It's actually on
its own island.
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- Except there's a bridge.
- What?
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00:02:41,204 --> 00:02:42,722
But it's listed at
$500,000.
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00:02:42,826 --> 00:02:45,518
My flipper senses
are definitely tingling.
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500K is really low for an
island house with these specs.
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There must be something
seriously wrong with it for it
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to sit on the market
this long.
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This must be the bridge, right?
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It's a land bridge,
I guess.
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Oh, my God.
Look at the lake.
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This is wild. Wow. Wow.
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Here it is.
Look at this.
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00:03:03,502 --> 00:03:04,779
Oh!
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00:03:04,882 --> 00:03:06,539
Oh, my goodness. Look.
What?
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00:03:06,643 --> 00:03:08,300
I told you
it was interesting, huh?
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Holy moly.
Look at this.
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How is this here?
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- This is ridiculous.
- This is crazy.
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I feel like we just crossed
over the bridge to Narnia.
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It looks like a movie set.
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00:03:29,597 --> 00:03:30,908
Have you ever seen
anything like it?
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No.
No.
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I mean, look at
the stained glass.
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It's like either
a medieval castle or a church.
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I'm a little scared.
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There's a hole
in the roof.
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I'm sure there's gonna be
a lot of holes in the roof.
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Look at this
creepy little statue.
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This place is full of, like,
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creepy little gnomes
and gargoyles and stuff.
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Is that a pond on the island
on the lake?
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I don't know, bro.
That's the Everglades.
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That looks like a swamp.
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There's a bridge.
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Guys, this is making a ring
around the property.
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Hey, it's a moat.
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00:04:03,941 --> 00:04:06,358
How many houses in the entire
Orlando market this year
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are going to sell with a moat?
- Good Lord.
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This place
is really cool.
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I mean, yeah,
it's obviously neglected,
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but it's basically a castle
on an island
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with a moat and gargoyles.
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How much fun is that?
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Look at the door.
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Hey, dude,
look to your right.
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Whoa!
Oh!
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Was there a fire here?
That looks burned.
118
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I can see why this stayed
on the market for so long.
119
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Oh, that's going to
take some work.
120
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Okay,
this is very creepy.
121
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Hello?
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You guys go first.
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- You guys go in first.
- Let's go.
124
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- What's it like?
- Oh, this is weird.
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Hello?
126
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Dude, look at this.
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What?
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Oh, my God.
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This place is eerie.
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This doesn't feel
like a flip to me.
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It feels more like
a ritual,
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like sacrificial altar
church thing.
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00:04:53,094 --> 00:04:54,647
I don't know.
It's so bizarre.
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I think it's a practical
joke, right?
135
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No way, dude.
This is my castle.
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What?
137
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My kitty.
138
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Justin, get out.
139
00:05:04,519 --> 00:05:06,935
This is some Medieval Times craziness.
140
00:05:07,039 --> 00:05:08,661
Let me ask you this.
If we were to flip this house,
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00:05:08,765 --> 00:05:09,938
would you keep
the stained glass window
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and the church vibe
or what?
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00:05:13,321 --> 00:05:14,771
- Modernize it.
- Yeah.
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Modernize it.
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I mean,
it has a huge fireplace
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and it's a big room.
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Would we make this
a nice living room?
148
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What do we do
with this house, period?
149
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Let's go this way, yeah?
150
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Oh, this is so good.
151
00:05:27,197 --> 00:05:29,372
- Oh, Keith.
- I am not a crook.
152
00:05:29,475 --> 00:05:30,959
- Oh, my God.
- You guys don't get it.
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Are you Nixon?
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00:05:32,202 --> 00:05:33,755
That's Nix--
That'd be Nixon, yeah.
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Dude, look what I just found.
Another one.
156
00:05:35,895 --> 00:05:38,898
We're, like, halfway to
"Point Break" in this, dude.
157
00:05:39,002 --> 00:05:40,417
Look what I just found.
I found one for me.
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00:05:40,521 --> 00:05:42,108
Judging by how much rehab
this needs,
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00:05:42,212 --> 00:05:44,732
we might have to rob a bank
to renovate this place, dude.
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00:05:44,835 --> 00:05:46,043
So let's hold on to these.
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What type of place has
a bunch of masks like this?
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The same kind of place
that has that.
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- Now, that's super creepy.
- This house is crazy.
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So, a little kitchen.
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But the same
cool ceilings.
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There's rat poop everywhere.
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Got to love these flimsy
particleboard cabinets
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00:06:02,405 --> 00:06:04,441
and these fake
Formica countertops.
169
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Yeah, this kitchen's
a complete redo.
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Hey, let's look
at the one saving grace.
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- There's a pool.
- We got a pool.
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Guys, there's a--
there's a snake in the pool.
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Uh-oh.
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00:06:16,211 --> 00:06:17,972
This castle comes
with its own serpent.
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00:06:46,172 --> 00:06:47,588
- Two toilets?
- Right in there.
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Oh, my goodness.
That's weird.
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00:06:49,555 --> 00:06:52,662
What is this,
the master bath?
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00:06:52,765 --> 00:06:54,284
But there's only
one sink.
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The other sink was across
from that other toilet.
180
00:06:57,908 --> 00:07:01,533
What a funky layout.
Like a two-for-one bathroom.
181
00:07:01,636 --> 00:07:03,742
This space is cramped
and ugly.
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00:07:03,845 --> 00:07:06,607
Yeah.
Nothing in here can be saved.
183
00:07:06,710 --> 00:07:09,368
Is this the master bedroom?
Because it's tiny.
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No, this isn't a tiny bedroom.
This is a big closet.
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This is
the master bedroom.
186
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This is an awesome
master suite,
187
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although it does have
some interesting artifacts.
188
00:07:20,344 --> 00:07:22,174
Where do you get-- like,
the giant vase store?
189
00:07:22,277 --> 00:07:23,658
Like, you don't get that
at Target.
190
00:07:23,762 --> 00:07:24,832
No.
191
00:07:24,935 --> 00:07:27,455
Witch's broom,
like for devil worshiping.
192
00:07:27,559 --> 00:07:29,043
And a little devil mask.
193
00:07:29,146 --> 00:07:30,700
Oh,
there you go.
194
00:07:30,803 --> 00:07:32,771
What?
And there's this.
195
00:07:32,874 --> 00:07:34,704
- That's insane.
- Hee-hee-hee, my--
my pretty.
196
00:07:34,807 --> 00:07:37,741
I'm not sure about
this medieval church castle,
197
00:07:37,845 --> 00:07:39,294
whatever you want to call it.
198
00:07:39,398 --> 00:07:41,538
Keith thinks it's really cool,
but I think it's just creepy.
199
00:07:41,642 --> 00:07:44,092
This place is so weird.
And where is the upstairs?
200
00:07:44,196 --> 00:07:46,647
Maybe it's fake. There's no--
There's no stairs.
201
00:07:46,750 --> 00:07:47,993
You think there's
a room we missed?
202
00:07:48,096 --> 00:07:49,304
Yeah, it was definitely
a room.
203
00:07:49,408 --> 00:07:50,478
Where is the stairwell, though?
204
00:07:50,582 --> 00:07:53,239
There was an attic access.
Would that be it?
205
00:07:53,343 --> 00:07:54,965
- Yeah, look at it.
- Alright, let's see.
206
00:07:55,069 --> 00:07:56,449
Open it.
207
00:07:56,553 --> 00:07:58,244
- What?!
- Whoa!
208
00:07:58,348 --> 00:07:59,280
Are you kidding me?
209
00:07:59,383 --> 00:08:01,420
There's a whole room up here, guys.
210
00:08:01,524 --> 00:08:03,146
This isn't the worst
house we've ever seen,
211
00:08:03,249 --> 00:08:05,873
but this is one of the weirdest
houses we've ever seen.
212
00:08:05,976 --> 00:08:07,253
I mean, it has nice
high ceilings
213
00:08:07,357 --> 00:08:08,634
and a gorgeous view.
214
00:08:08,738 --> 00:08:10,118
Look, you can see the lake.
This could be a cool room.
215
00:08:10,222 --> 00:08:11,775
This house is amazing.
216
00:08:11,879 --> 00:08:14,778
Every corner you turn is
more strange than the last one.
217
00:08:14,882 --> 00:08:17,263
I mean, it's like having
your own private Hogwarts.
218
00:08:17,367 --> 00:08:21,647
This house is just so much.
I don't even know if we should.
219
00:08:21,751 --> 00:08:22,959
I don't know.
220
00:08:23,062 --> 00:08:24,995
I'm super overwhelmed
by the size of this house
221
00:08:25,099 --> 00:08:26,618
and the funky layout,
222
00:08:26,721 --> 00:08:28,274
but I can see
there's potential here.
223
00:08:28,378 --> 00:08:30,760
We're talking 3,000 square feet
with a pool
224
00:08:30,863 --> 00:08:32,071
on it's own private island.
225
00:08:32,175 --> 00:08:34,073
This could be a really
high-dollar property.
226
00:08:34,177 --> 00:08:35,419
For $500,000,
227
00:08:35,523 --> 00:08:37,663
we spend a fortune,
a lot of time.
228
00:08:37,767 --> 00:08:39,113
It's 20 miles away.
229
00:08:39,216 --> 00:08:41,702
Yeah, but we could sell it for,
like, $950,000, right?
230
00:08:41,805 --> 00:08:42,979
Maybe I got heat stroke,
231
00:08:43,082 --> 00:08:44,359
but I'm falling in love
with this place.
232
00:08:44,463 --> 00:08:46,948
$500,000 is not that bad,
and we could spend $250,000.
233
00:08:47,052 --> 00:08:48,881
Oh, my God. Can you imagine
what a palatial estate
234
00:08:48,985 --> 00:08:50,365
this would be
for somebody?
235
00:08:50,469 --> 00:08:52,575
This would be one of our biggest
and coolest flips ever.
236
00:08:52,678 --> 00:08:53,921
- Let's go do it.
- Cool. Perfect.
237
00:08:54,024 --> 00:08:56,061
Okay. Awesome.
238
00:08:56,164 --> 00:08:59,340
The seller was firm
on their price of 500 grand,
239
00:08:59,443 --> 00:09:02,585
just like they had been
for 244 days.
240
00:09:02,688 --> 00:09:05,484
But we think the numbers work,
so we agreed.
241
00:09:05,588 --> 00:09:09,281
We're going to set a fat
renovation budget of 250 grand,
242
00:09:09,384 --> 00:09:11,766
'cause this is
an extensive renovation
243
00:09:11,870 --> 00:09:14,424
on a really complicated
piece of land,
244
00:09:14,527 --> 00:09:16,357
but also 'cause
this is unfamiliar,
245
00:09:16,460 --> 00:09:18,186
new territory out here,
246
00:09:18,290 --> 00:09:19,256
so we're going to
have to rely on
247
00:09:19,360 --> 00:09:20,775
vendors
we've never worked with,
248
00:09:20,879 --> 00:09:23,744
as well as some crews
to help us get this job done.
249
00:09:23,847 --> 00:09:26,298
We're also taking a private loan
to do this deal
250
00:09:26,401 --> 00:09:29,025
for the full purchase price
and renovation.
251
00:09:29,128 --> 00:09:31,855
And those costs are going to
run us around 18 grand
252
00:09:31,959 --> 00:09:33,754
for the three months
of this project.
253
00:09:33,857 --> 00:09:36,791
Closing costs should
come in around $52,000,
254
00:09:36,895 --> 00:09:39,587
which puts our all in cost
at the end of the day
255
00:09:39,691 --> 00:09:42,901
right around $820,000.
256
00:09:43,004 --> 00:09:47,284
But based on comps and the super
desirable, rare location,
257
00:09:47,388 --> 00:09:51,772
we think we can sell this
property for around $950,000.
258
00:09:51,875 --> 00:09:56,466
That would net us
a profit of nearly $130,000.
259
00:09:56,569 --> 00:09:58,779
Our reno plans for this house
are going to take advantage
260
00:09:58,882 --> 00:10:02,541
of this massive space
with a much better floor plan.
261
00:10:02,645 --> 00:10:04,129
First, we're going to build
a kitchen
262
00:10:04,232 --> 00:10:05,682
worthy of this palatial estate.
263
00:10:05,786 --> 00:10:06,925
We're going to take down
that wall
264
00:10:07,028 --> 00:10:08,374
that sections off
the dining room
265
00:10:08,478 --> 00:10:10,514
and seal off the door
of the living room.
266
00:10:10,618 --> 00:10:12,413
This will allow us to
expand the kitchen out,
267
00:10:12,516 --> 00:10:14,898
adding cabinets and counters
on opposite walls
268
00:10:15,002 --> 00:10:17,280
and add a huge island
in the middle.
269
00:10:17,383 --> 00:10:19,075
Next, we'll update
that master bedroom
270
00:10:19,178 --> 00:10:21,802
by connecting it directly
to the bathroom nearby
271
00:10:21,905 --> 00:10:24,528
and getting rid of that weird
two-toilet set up.
272
00:10:24,632 --> 00:10:26,289
Then we'll combine
bedrooms three and four
273
00:10:26,392 --> 00:10:27,670
into a single bedroom
274
00:10:27,773 --> 00:10:30,707
with its own attached bathroom
and walk-in closet.
275
00:10:30,811 --> 00:10:32,536
Basically a second master.
276
00:10:32,640 --> 00:10:34,124
And we'll still end up
with four bedrooms
277
00:10:34,228 --> 00:10:36,057
because we'll create
a new one in the loft,
278
00:10:36,161 --> 00:10:38,577
a third master
with a bathroom of its own.
279
00:10:38,681 --> 00:10:41,269
This castle will make
everyone feel like a king.
280
00:10:48,207 --> 00:10:49,312
Hey, hey, hey.
281
00:10:49,415 --> 00:10:50,554
Ready for demo day?
282
00:10:50,658 --> 00:10:52,867
Oh, as ready as
we'll ever be.
283
00:10:52,971 --> 00:10:54,420
- Want to start in the kitchen?
- Yeah.
284
00:10:54,524 --> 00:10:55,594
Let's take that wall down.
285
00:10:55,698 --> 00:10:56,871
And then we'll get
all those cabinets down.
286
00:10:59,460 --> 00:11:01,013
Oh! Jeez, Keith.
287
00:11:05,604 --> 00:11:07,088
Coming through.
288
00:11:10,885 --> 00:11:13,370
Open kitchen,
here we come.
289
00:11:13,474 --> 00:11:14,958
While Justin finishes
taking that kitchen
290
00:11:15,062 --> 00:11:16,373
down to the studs,
291
00:11:16,477 --> 00:11:19,376
Ashlee and I are getting
to work in the bathrooms.
292
00:11:19,480 --> 00:11:22,241
We're clearing out the vanities
and the dated tile
293
00:11:22,345 --> 00:11:25,658
and making way for larger
bathrooms with all new finishes.
294
00:11:29,352 --> 00:11:31,837
Then our crew comes in
for the heavy lifting,
295
00:11:31,941 --> 00:11:33,218
tearing out the remaining wall
296
00:11:33,321 --> 00:11:36,186
between the kitchen
and the dining room
297
00:11:36,290 --> 00:11:38,326
and sending
that crummy tile floor
298
00:11:38,430 --> 00:11:39,845
straight to the scrapheap.
299
00:11:54,342 --> 00:11:55,550
Hello?
300
00:11:55,654 --> 00:11:56,793
Oh, hey.
301
00:11:56,897 --> 00:11:58,899
Hey. Andrew Rolf,
HD Roofing and Construction.
302
00:11:59,002 --> 00:12:00,245
Okay. Excellent. Excellent.
303
00:12:00,348 --> 00:12:01,522
- Nice to meet you. Ashlee.
- Great to meet you.
304
00:12:01,625 --> 00:12:02,557
So, did you look
at the roof already?
305
00:12:02,661 --> 00:12:04,249
Quick look walking up,
that's it.
306
00:12:04,352 --> 00:12:06,113
We need to do a quick walk
- around and get on the roof.
- Yeah.
307
00:12:06,216 --> 00:12:08,805
Today we brought in
an expert to assess the roof.
308
00:12:08,909 --> 00:12:10,186
We know it's bad up there.
309
00:12:10,289 --> 00:12:12,395
The question is,
how much in dollars bad?
310
00:12:12,498 --> 00:12:14,362
Guys, how's it looking?
How bad is it?
311
00:12:14,466 --> 00:12:15,778
Well, there's a hole there
312
00:12:15,881 --> 00:12:18,021
that you could
throw baseballs through.
313
00:12:18,125 --> 00:12:20,023
It looks like we had some
tree limbs that actually fell
314
00:12:20,127 --> 00:12:21,404
and actually punctured
the roof itself.
315
00:12:21,507 --> 00:12:23,302
And they've done
a temporary repair in that area.
316
00:12:23,406 --> 00:12:25,235
But can the rest
of the roof be saved?
317
00:13:16,873 --> 00:13:18,461
Shoot me over that estimate
whenever you got it.
318
00:13:18,564 --> 00:13:19,980
Absolutely.
Alright,
it was great meeting you.
319
00:13:20,083 --> 00:13:20,981
- Bye. Thank you guys.
- Cheers.
320
00:13:27,988 --> 00:13:30,231
It took a while to book
some crews in this area,
321
00:13:30,335 --> 00:13:34,408
but now we're giving that upper
level the access it deserves.
322
00:13:34,511 --> 00:13:36,789
No more hidden pull-down steps.
323
00:13:36,893 --> 00:13:39,654
Instead, we took space
from the old hall closet
324
00:13:39,758 --> 00:13:41,070
and created a full-sized,
325
00:13:41,173 --> 00:13:44,383
easy-to-climb staircase
to our second floor.
326
00:13:44,487 --> 00:13:48,767
Now we can give the second floor
some new life.
327
00:13:48,871 --> 00:13:54,186
Our framers install some fresh
cross beams between the floors
328
00:13:54,290 --> 00:13:58,742
then lay down plywood
to finish the upstairs subfloor.
329
00:13:58,846 --> 00:14:02,332
Then they frame up walls
for a new bathroom
330
00:14:02,436 --> 00:14:06,405
and a large new bedroom
with a big closet,
331
00:14:06,509 --> 00:14:09,581
effectively turning this space
into a junior master suite.
332
00:14:27,530 --> 00:14:30,567
Hey.
What are you doing?
333
00:14:30,671 --> 00:14:33,122
Dude, this thing's harder to get
out of than a space shuttle.
334
00:14:33,225 --> 00:14:34,640
- What's the problem?
- What's the p--
335
00:14:34,744 --> 00:14:36,125
Bro, what are you about to do
right now?
336
00:14:36,228 --> 00:14:37,609
What do you mean
what I'm about to do?
337
00:14:37,712 --> 00:14:39,369
I'm about to take
this jacked-up gable
338
00:14:39,473 --> 00:14:40,612
off the front
of the house.
339
00:14:40,715 --> 00:14:41,854
We're just going
to rebuild prettier.
340
00:14:41,958 --> 00:14:43,097
We don't have
plans for this.
341
00:14:43,201 --> 00:14:44,685
We don't have
architectural drawings.
342
00:14:44,788 --> 00:14:45,789
Do you know
if this is going to
343
00:14:45,893 --> 00:14:46,894
come off of
the house easily?
344
00:14:46,998 --> 00:14:48,206
It's all up here.
345
00:14:48,309 --> 00:14:51,174
This is like a palace,
like a castle.
346
00:14:51,278 --> 00:14:54,522
You can't have this
be the entrance to your castle.
347
00:14:54,626 --> 00:14:55,799
There's no garage here,
348
00:14:55,903 --> 00:14:58,112
so this needs to be
a grand covered entrance.
349
00:14:58,216 --> 00:15:01,150
I get it, but we got to
get those plans approved.
350
00:15:01,253 --> 00:15:03,083
I appreciate Keith's vision,
351
00:15:03,186 --> 00:15:05,464
and a rebuild
is probably necessary,
352
00:15:05,568 --> 00:15:08,364
but we're under the jurisdiction
of Seminole County out here,
353
00:15:08,467 --> 00:15:09,779
which we're not used to,
354
00:15:09,882 --> 00:15:12,920
and we need to follow
their permit process perfectly
355
00:15:13,024 --> 00:15:15,819
and hopefully not destroy
our house in the process.
356
00:15:15,923 --> 00:15:16,924
You're doing all of it.
357
00:15:17,028 --> 00:15:18,995
- Yeah, of course.
- And I swear to God,
358
00:15:19,099 --> 00:15:20,928
if you rip off
the front of this house,
359
00:15:21,032 --> 00:15:22,102
I'm going to lose it.
360
00:15:22,205 --> 00:15:24,759
That's unlikely to happen.
361
00:15:24,863 --> 00:15:27,072
Let's see what you got there,
Mr. Builder.
362
00:15:48,231 --> 00:15:49,750
Whoo-hoo.
363
00:15:55,204 --> 00:15:56,619
It took a few weeks
for the county
364
00:15:56,722 --> 00:16:00,174
to approve our electrical plans,
so we're already a bit behind.
365
00:16:00,278 --> 00:16:05,352
But now we're modernizing this
medieval home with a new system.
366
00:16:05,455 --> 00:16:06,836
Electrical Surgeon is here,
367
00:16:06,939 --> 00:16:11,427
removing the outdated
junction boxes and wires
368
00:16:11,530 --> 00:16:14,602
and taking down
the old light fixtures.
369
00:16:14,706 --> 00:16:18,468
Then we install 14-gauge wires
for the lighting circuits
370
00:16:18,572 --> 00:16:22,162
and a thicker 12-gauge wire
for the kitchen and baths,
371
00:16:22,265 --> 00:16:24,543
and connect them all
to a new electrical panel
372
00:16:24,647 --> 00:16:27,512
that has a central
interior location.
373
00:16:27,615 --> 00:16:29,272
And now this house
can run smoothly
374
00:16:29,376 --> 00:16:32,655
under the demands of modern
appliances and electronics.
375
00:16:45,840 --> 00:16:47,635
- Hey, buddy.
- What's up, bro?
376
00:16:47,739 --> 00:16:50,086
We taking this thing
- to the incinerator?
- Yeah.
377
00:16:50,190 --> 00:16:52,123
Our crews have been
clearing a ton of dead brush
378
00:16:52,226 --> 00:16:54,918
from all over the island,
and we need to get rid of it.
379
00:16:55,022 --> 00:16:57,300
A controlled burn
is the safe way to do it.
380
00:16:57,404 --> 00:17:01,063
And it's also much easier
than hauling all this mess away.
381
00:17:01,166 --> 00:17:02,340
Alright.
You ready?
382
00:17:02,443 --> 00:17:04,100
Yes.
383
00:17:06,344 --> 00:17:07,655
We're off to the races.
384
00:17:09,795 --> 00:17:10,900
Hey.
385
00:17:11,003 --> 00:17:13,730
We're having a bonfire.
Did you bring s'mores?
386
00:17:13,834 --> 00:17:15,629
Oh, my God.
Is this legal?
387
00:17:15,732 --> 00:17:16,906
We're in the county.
388
00:17:17,009 --> 00:17:18,218
You're allowed to burn stuff
in the county.
389
00:17:18,321 --> 00:17:20,910
Speaking of the county,
I have some really bad news.
390
00:17:21,013 --> 00:17:22,774
We're no longer under
their jurisdiction.
391
00:17:22,877 --> 00:17:24,086
Wait.
What?
392
00:17:24,189 --> 00:17:26,018
So far, we've been working
under Seminole County
393
00:17:26,122 --> 00:17:27,848
for all our permits
because the island
394
00:17:27,951 --> 00:17:30,264
is just outside
the Lake Mary city limits.
395
00:17:30,368 --> 00:17:32,818
But a local developer
who asked us about our property
396
00:17:32,922 --> 00:17:34,475
ended up buying
the land up the road,
397
00:17:34,579 --> 00:17:36,063
which is part of Lake Mary.
398
00:17:36,167 --> 00:17:38,238
That transaction revealed
that our parcel
399
00:17:38,341 --> 00:17:41,172
was illegally split off
from hers decades ago.
400
00:17:41,275 --> 00:17:42,725
We still own our parcel,
401
00:17:42,828 --> 00:17:45,590
but now we have to start our
permit process all over again
402
00:17:45,693 --> 00:17:47,385
under Lake Mary rules.
403
00:17:47,488 --> 00:17:49,870
Nobody caught this when we first
filed our building permits,
404
00:17:49,973 --> 00:17:51,423
and now we're stuck
in this municipality
405
00:17:51,527 --> 00:17:53,908
that's known for being slow
and sometimes costly.
406
00:17:54,012 --> 00:17:55,462
And Lake Mary
has already hit us
407
00:17:55,565 --> 00:17:57,153
with a big,
unexpected regulation.
408
00:17:57,257 --> 00:17:58,948
They're not going to give us
our permits
409
00:17:59,051 --> 00:18:02,020
unless we put a sprinkler system
in the house.
410
00:18:02,124 --> 00:18:03,263
Not around the house.
411
00:18:03,366 --> 00:18:04,678
Wait, that's only--
that's only a requirement
412
00:18:04,781 --> 00:18:06,335
for three stories
and above.
413
00:18:06,438 --> 00:18:07,853
They said
if there is a fire,
414
00:18:07,957 --> 00:18:09,648
they can't get down
the dirt road.
415
00:18:09,752 --> 00:18:11,581
So we have to put in
a sprinkler system in the house,
416
00:18:11,685 --> 00:18:13,238
which is 10 grand.
417
00:18:13,342 --> 00:18:14,757
Wait, and there's--
So there's no altern--
418
00:18:14,860 --> 00:18:15,999
What do you mean? Like--
419
00:18:16,103 --> 00:18:17,863
The alternative... Yeah.
420
00:18:17,967 --> 00:18:19,727
We can also
put in a bridge.
421
00:18:19,831 --> 00:18:21,350
And that would be
like 100 grand.
422
00:18:21,453 --> 00:18:22,937
- A bridge?
- Yeah.
423
00:18:23,041 --> 00:18:25,492
It's all just so
a fire truck--
424
00:18:25,595 --> 00:18:27,079
A fire truck
could not get here.
425
00:18:27,183 --> 00:18:28,736
Seminole County
wouldn't require this,
426
00:18:28,840 --> 00:18:30,324
but Lake Mary does.
427
00:18:30,428 --> 00:18:33,189
I thought a house on an island
would be the perfect getaway.
428
00:18:33,293 --> 00:18:36,710
But now we might be stuck
in a bureaucratic quagmire.
429
00:18:36,813 --> 00:18:39,264
Ten grand doesn't sound
like a lot for our budget,
430
00:18:39,368 --> 00:18:41,646
but it's money
we didn't anticipate.
431
00:18:41,749 --> 00:18:43,855
And Lake Mary could take weeks
or even months
432
00:18:43,958 --> 00:18:45,236
to approve our plans.
433
00:18:45,339 --> 00:18:47,341
That delays our framing
and our drywall
434
00:18:47,445 --> 00:18:49,447
and adds lots of money
to our loan interest.
435
00:18:49,550 --> 00:18:53,105
The trajectory of this flip
is starting to go the wrong way.
436
00:19:00,872 --> 00:19:02,218
While we're waiting on
Lake Mary
437
00:19:02,322 --> 00:19:03,599
to approve our sprinkler plans
438
00:19:03,702 --> 00:19:05,911
which is holding up
other parts of our renovation,
439
00:19:06,015 --> 00:19:09,225
we can at least
do some window work.
440
00:19:09,329 --> 00:19:10,675
We're removing
that ugly collection
441
00:19:10,778 --> 00:19:12,332
of single-pane casement windows
442
00:19:12,435 --> 00:19:15,921
and replacing them
with Eco Glass windows.
443
00:19:16,025 --> 00:19:17,647
These fresh upgrades
are double-paned
444
00:19:17,751 --> 00:19:20,132
and designed to block out
harmful UV rays,
445
00:19:20,236 --> 00:19:22,825
making them as beneficial
as they are beautiful.
446
00:19:37,253 --> 00:19:39,221
So much stained glass
in this house.
447
00:19:39,324 --> 00:19:40,670
Yes.
448
00:19:40,774 --> 00:19:42,776
Today, Ash and I
want to settle on our approach
449
00:19:42,879 --> 00:19:44,398
for this giant living room.
450
00:19:44,502 --> 00:19:46,158
I really like
the stained glass.
451
00:19:46,262 --> 00:19:49,196
I mean, it's super cool.
It's right up my alley.
452
00:19:49,300 --> 00:19:52,958
The problem is, is my taste
is not everybody's taste.
453
00:19:53,062 --> 00:19:54,512
But I feel awful
getting rid of it
454
00:19:54,615 --> 00:19:56,134
because it is
so cool and so unique.
455
00:19:56,238 --> 00:19:57,273
Hey, hey, hey.
456
00:19:57,377 --> 00:19:58,516
Hey. How are you?
457
00:19:58,619 --> 00:20:00,034
Good. Good.
What's going on?
458
00:20:00,138 --> 00:20:02,105
This room is Valhalla,
459
00:20:02,209 --> 00:20:05,074
but I don't think we can
sell it like that, you know?
460
00:20:05,177 --> 00:20:06,834
You want to get rid
of the stained glass?
461
00:20:06,938 --> 00:20:08,215
I reached out
to some artists.
462
00:20:08,319 --> 00:20:10,459
They said they would take it
and repurpose everything.
463
00:20:10,562 --> 00:20:12,184
It's not going to end up
in the landfill.
464
00:20:12,288 --> 00:20:15,222
But how many times have we taken
something out
465
00:20:15,326 --> 00:20:16,775
but then shown somebody
a picture of it later
466
00:20:16,879 --> 00:20:17,845
and they're like,
"Oh, my God,
467
00:20:17,949 --> 00:20:19,537
that would
have been really cool"?
468
00:20:19,640 --> 00:20:21,539
Personally, I think
we should keep them.
469
00:20:23,989 --> 00:20:25,991
Okay.
Let's leave them for now.
470
00:20:26,095 --> 00:20:28,580
But let's at least
consider some options.
471
00:20:28,684 --> 00:20:31,273
Ash, you and I can find
some, like, rain glass
472
00:20:31,376 --> 00:20:33,275
or something cool.
It'll look beautiful.
473
00:20:33,378 --> 00:20:35,207
We'll do
- whatever you think.
- Alright.
474
00:20:46,011 --> 00:20:47,150
It took a few weeks,
475
00:20:47,254 --> 00:20:48,359
but we finally got
the green light
476
00:20:48,462 --> 00:20:49,946
on our sprinkler install.
477
00:20:50,050 --> 00:20:53,295
So today, this island castle
is getting some new pipes.
478
00:20:54,744 --> 00:20:57,575
Our crew is running
sprinkler pipes of CPVC
479
00:20:57,678 --> 00:21:00,129
through the upper rafters
of the house.
480
00:21:00,232 --> 00:21:01,682
The line set up sprinkler heads
481
00:21:01,786 --> 00:21:05,721
every six feet
for full coverage.
482
00:21:05,824 --> 00:21:08,379
Once the sprinkler heads
are in place, the spray nozzle
483
00:21:08,482 --> 00:21:10,657
is held shut
by two small metal plates
484
00:21:10,760 --> 00:21:12,486
fused together by a solder,
485
00:21:12,590 --> 00:21:14,385
which melts when it gets
hot enough,
486
00:21:14,488 --> 00:21:19,079
so any fire will be met with
a gusher of house-saving water.
487
00:21:19,182 --> 00:21:21,530
Our progress was slow
in the beginning,
488
00:21:21,633 --> 00:21:24,049
but getting derailed
by the sprinkler system
489
00:21:24,153 --> 00:21:27,190
has put us way behind schedule.
490
00:21:27,294 --> 00:21:29,607
We're two months into this
three-month renovation
491
00:21:29,710 --> 00:21:32,679
and out of the 250 grand
we set aside,
492
00:21:32,782 --> 00:21:34,508
we've only spent about $60,000.
493
00:21:34,612 --> 00:21:36,234
We have a lot of work left,
494
00:21:36,338 --> 00:21:39,617
and we'll probably go long
on this renovation.
495
00:21:39,720 --> 00:21:42,102
Being put into
Lake Mary's jurisdiction
496
00:21:42,205 --> 00:21:44,449
has triggered a whole new look
at our property,
497
00:21:44,553 --> 00:21:45,899
which has me nervous
498
00:21:46,002 --> 00:21:48,384
because who knows what problems
they're going to find
499
00:21:48,488 --> 00:21:50,490
and how long
it could set us back.
500
00:22:03,365 --> 00:22:04,573
Hey, buddy.
501
00:22:04,676 --> 00:22:05,781
How's it going?
502
00:22:05,884 --> 00:22:07,334
- Kevin, man, how's it going?
- Good to see you.
503
00:22:07,438 --> 00:22:09,785
I promised Justin I would
come up with a new design
504
00:22:09,888 --> 00:22:13,271
to replace that rotted, dinky
entrance gable we used to have.
505
00:22:13,375 --> 00:22:15,342
So I'm working with
our framing expert, Kevin,
506
00:22:15,446 --> 00:22:17,931
to build something
I think is going to be great.
507
00:22:18,034 --> 00:22:20,485
We got the extended gable.
It's actually--
508
00:22:20,589 --> 00:22:21,728
You know,
it's a much bigger gable
509
00:22:21,831 --> 00:22:23,385
than the one
we did away with,
510
00:22:23,488 --> 00:22:25,973
and we're turning it into
kind of a porte-cochère.
511
00:22:26,077 --> 00:22:27,906
Let me get the lay
of the land here.
512
00:22:28,010 --> 00:22:30,115
We'll be able to pull cars
right-- right in here.
513
00:22:30,219 --> 00:22:31,393
Park,
get out of the rain,
514
00:22:31,496 --> 00:22:32,980
carry groceries in,
stuff like that.
515
00:22:33,084 --> 00:22:34,706
It's looking good
from down here.
516
00:22:34,810 --> 00:22:36,812
You mind if I get
the bird's-eye view?
517
00:22:36,915 --> 00:22:38,089
Yes, sir.
518
00:22:38,192 --> 00:22:40,402
I saved some money
designing this myself,
519
00:22:40,505 --> 00:22:42,507
but that means
I want to make extra sure
520
00:22:42,611 --> 00:22:45,234
that's it's built correctly
and it'll pass inspection.
521
00:22:45,337 --> 00:22:46,477
That's where
it was rotted.
522
00:22:46,580 --> 00:22:48,237
We removed some more
of the shingles,
523
00:22:48,340 --> 00:22:51,482
cut the old wood out,
put some new wood in.
524
00:22:51,585 --> 00:22:53,035
Now we're working on
525
00:22:53,138 --> 00:22:55,831
getting the rest
of the entry roof framed up.
526
00:22:55,934 --> 00:22:58,178
I just want to make sure we meet
all the hurricane codes,
527
00:22:58,281 --> 00:23:00,801
'cause with-- with an area
like this that's open,
528
00:23:00,905 --> 00:23:03,217
this is a-- this is a prime
area for a lot of uplift.
529
00:23:03,321 --> 00:23:05,392
So what kind of clips
are we using?
530
00:23:05,496 --> 00:23:07,946
It's kind of like a horseshoe.
They're in that box.
531
00:23:08,050 --> 00:23:09,431
Oh.
It's called the H10.
532
00:23:09,534 --> 00:23:11,363
And that'll stabilize this
in--
533
00:23:11,467 --> 00:23:12,606
in a couple different directions.
534
00:23:12,710 --> 00:23:13,952
It will never move.
535
00:23:14,056 --> 00:23:16,368
I got to say, Kevin
and his team are killing it.
536
00:23:16,472 --> 00:23:19,510
This porte-cochère should be
finished and up to code soon.
537
00:23:19,613 --> 00:23:22,098
And that should help us avoid
any more delays.
538
00:23:22,202 --> 00:23:24,169
Hopefully we'll be
done tomorrow.
539
00:23:24,273 --> 00:23:26,309
Then we can re-roof
the entire structure.
540
00:23:26,413 --> 00:23:28,553
And then that also lets us
re-screen the pool.
541
00:23:28,657 --> 00:23:30,935
Hey, I'm going to get down and
go see what's going on inside.
542
00:23:31,038 --> 00:23:32,384
There's nothing
going on inside
543
00:23:32,488 --> 00:23:35,629
till the inspector
gets out here.
544
00:23:35,733 --> 00:23:37,182
Oh, my-- They haven't
come by yet?
545
00:23:37,286 --> 00:23:39,495
No, we're waiting on them
to proceed.
546
00:23:39,599 --> 00:23:42,153
I haven't seen them
yesterday or today.
547
00:23:42,256 --> 00:23:44,396
Oh, my God. Okay.
548
00:23:44,500 --> 00:23:46,916
Here we go again.
First, we had a three-week delay
549
00:23:47,020 --> 00:23:49,505
in getting our sprinkler plan
approved by the city,
550
00:23:49,609 --> 00:23:50,989
and now the building inspector
551
00:23:51,093 --> 00:23:52,922
decided not to even show up
at all.
552
00:23:53,026 --> 00:23:54,441
All the structural work
we're doing
553
00:23:54,545 --> 00:23:56,478
has to be inspected
at various stages.
554
00:23:56,581 --> 00:24:00,378
And if we don't get an official
Lake Mary approval at each step,
555
00:24:00,482 --> 00:24:01,655
we can't proceed.
556
00:24:01,759 --> 00:24:02,898
This is a cost of doing business
557
00:24:03,001 --> 00:24:04,900
outside of our
usual jurisdiction.
558
00:24:05,003 --> 00:24:06,280
But with the interest
we're paying,
559
00:24:06,384 --> 00:24:08,800
we cannot afford
another extended delay.
560
00:24:19,224 --> 00:24:21,779
Yeah.
Look at this rock wall.
561
00:24:21,882 --> 00:24:23,470
We continue to lose time
562
00:24:23,574 --> 00:24:26,956
with the inspector delays
slowing work inside the house.
563
00:24:27,060 --> 00:24:30,615
And we are desperate to make
some sort of progress here.
564
00:24:30,719 --> 00:24:32,962
Today we're doing
some exterior upgrades
565
00:24:33,066 --> 00:24:34,274
that will add
to the style
566
00:24:34,377 --> 00:24:37,277
of this 16th-century
medieval retreat.
567
00:24:37,380 --> 00:24:39,762
We've hired a cement company
to install some steps
568
00:24:39,866 --> 00:24:42,454
and a low accent wall
around the property,
569
00:24:42,558 --> 00:24:44,974
but they're making it
look like old stonework
570
00:24:45,078 --> 00:24:47,667
using some innovative
construction processes.
571
00:24:47,770 --> 00:24:50,428
Wow. This is way cooler than
what you sent in the drawing.
572
00:24:50,532 --> 00:24:52,879
Well, what we did is
it's concrete without forms.
573
00:25:09,620 --> 00:25:11,311
And that's what we like.
574
00:25:11,414 --> 00:25:12,623
It looks amazing.
575
00:25:12,726 --> 00:25:13,796
Alright, so I'm going to
take you to the back.
576
00:25:13,900 --> 00:25:15,591
We got a little surprise.
577
00:25:15,695 --> 00:25:17,662
There's some things
we need to talk about
578
00:25:17,766 --> 00:25:19,112
at the back there
before we go further.
579
00:25:19,215 --> 00:25:20,803
I got a feeling
this isn't a good surprise.
580
00:25:20,907 --> 00:25:22,564
Let's go find out.
581
00:25:25,877 --> 00:25:27,948
So the idea was to have some
kind of
582
00:25:28,052 --> 00:25:30,882
little water feature here
to cover that up there,
583
00:25:30,986 --> 00:25:32,159
- the pool equipment.
- Yeah, yeah.
That's what we wanted.
584
00:25:32,263 --> 00:25:34,023
So I brought my pad.
I got an idea for you.
585
00:25:34,127 --> 00:25:36,163
I'm going to try to stain this
and seal it
586
00:25:36,267 --> 00:25:37,648
and get a little more color
out of it
587
00:25:37,751 --> 00:25:39,442
instead of it-- it just looks
old and dilapidated.
588
00:25:39,546 --> 00:25:41,099
- It looks awful.
- We need to
do something with it.
589
00:25:41,203 --> 00:25:42,411
Yeah.
- Yeah.
- So we can do something there.
590
00:25:42,514 --> 00:25:45,276
And so we're talking closer
to $10,000 extra.
591
00:25:45,379 --> 00:25:46,864
No way. Oh, my God.
592
00:25:46,967 --> 00:25:48,762
You know, everybody wants to add
a little bit more to this house.
593
00:25:48,866 --> 00:25:49,970
I know that.
594
00:25:50,074 --> 00:25:51,454
But I'm just saying
I can go big or go home.
595
00:25:51,558 --> 00:25:53,215
Well, I don't want you
to go home.
596
00:25:53,318 --> 00:25:55,700
Getting hit with
a $10,000 change order
597
00:25:55,804 --> 00:25:57,737
is something I never like.
598
00:25:57,840 --> 00:26:00,981
But let's be honest,
pools sell houses in Florida.
599
00:26:01,085 --> 00:26:02,431
I guess
this is just another
600
00:26:02,534 --> 00:26:05,607
one of those worst-case
scenario fixes we have to do.
601
00:26:05,710 --> 00:26:08,437
It's starting to pour rain.
You've got my approval.
602
00:26:08,540 --> 00:26:09,783
- Let's go for it.
- Alright.
603
00:26:09,887 --> 00:26:11,336
You have the approval.
Just do it.10 grand.
604
00:26:11,440 --> 00:26:12,441
Let's go.
I'm going to
draw it up for you.
605
00:26:12,544 --> 00:26:14,270
Let's just get it done.
606
00:26:14,374 --> 00:26:15,686
It's been a couple weeks,
607
00:26:15,789 --> 00:26:18,171
and we're still waiting on
Lake Mary to send an inspector
608
00:26:18,274 --> 00:26:21,346
out here to check on
our interior structural work.
609
00:26:21,450 --> 00:26:22,589
And we only have about a week
610
00:26:22,693 --> 00:26:25,454
left in our original
three-month timeline.
611
00:26:25,557 --> 00:26:28,319
Of our 250 grand
renovation budget,
612
00:26:28,422 --> 00:26:30,666
we've only spent about $80,000.
613
00:26:30,770 --> 00:26:33,082
It feels like we've barely
even started
614
00:26:33,186 --> 00:26:34,946
considering we still
haven't gotten through
615
00:26:35,050 --> 00:26:36,396
framing and plumbing.
616
00:26:36,499 --> 00:26:38,122
I'm nervous how long this flip
is going to take
617
00:26:38,225 --> 00:26:40,849
because every single week
that goes by from here,
618
00:26:40,952 --> 00:26:42,885
we're just eating
in our profits.
619
00:26:50,065 --> 00:26:51,825
Today we're finally
getting an inspector
620
00:26:51,929 --> 00:26:53,344
to sign off
on the structural work
621
00:26:53,447 --> 00:26:55,001
that we've done
inside the house.
622
00:26:55,104 --> 00:26:56,174
Hi.
623
00:26:56,278 --> 00:26:57,210
- Hi. How you doing?
- A little late.
624
00:26:57,313 --> 00:26:58,349
Good. Good.
625
00:26:58,452 --> 00:26:59,764
It looks like he got here
ahead of us,
626
00:26:59,868 --> 00:27:02,594
so hopefully he's already seen
what he needs to see
627
00:27:02,698 --> 00:27:04,044
and we're good to go.
628
00:27:04,148 --> 00:27:06,288
Upstairs here, you-- you guys
don't have any permitting.
629
00:27:06,391 --> 00:27:08,946
Maybe since the '70s.
630
00:27:09,049 --> 00:27:10,602
It's only supposed to
be an attic.
631
00:27:10,706 --> 00:27:12,846
It's never been permitted
to be occupied at all.
632
00:27:12,950 --> 00:27:15,193
I've been looking for the permit
all day. I haven't found it.
633
00:27:15,297 --> 00:27:16,539
Let's clarify this.
634
00:27:16,643 --> 00:27:19,335
You're saying the upstairs
was only ever an attic?
635
00:27:19,439 --> 00:27:21,855
It was never permitted
to be occupied?
636
00:27:21,959 --> 00:27:23,754
Correct. I can show you now.
You want to see?
637
00:27:23,857 --> 00:27:25,825
- Yeah. Yeah.
- Come on. Let's go look.
638
00:27:25,928 --> 00:27:28,690
Man, first we have trouble
getting inspections done.
639
00:27:28,793 --> 00:27:31,969
Then when we do,
hidden problems pop up.
640
00:27:32,072 --> 00:27:34,834
We're the first buyers of
this house in, like, 50 years.
641
00:27:34,937 --> 00:27:38,320
Apparently, some things
were done that got buried.
642
00:27:38,423 --> 00:27:40,736
They weren't flagged
on Seminole County's records,
643
00:27:40,840 --> 00:27:43,118
but they're being
uncovered now.
644
00:27:43,221 --> 00:27:44,602
Okay, so what are you
showing us?
645
00:27:44,706 --> 00:27:46,673
Upstairs never was permitted.
646
00:27:46,777 --> 00:27:48,433
So according to
the paperwork I have,
647
00:27:48,537 --> 00:27:50,470
upstairs has never been
deemed a dwelling.
648
00:27:50,573 --> 00:27:52,299
So...
649
00:27:52,403 --> 00:27:54,405
Upstairs has never been
- deemed a dwelling?
Ohh.
650
00:27:54,508 --> 00:27:56,683
And I got to shut you down.
651
00:27:56,787 --> 00:27:58,616
When we bought it,
it was livable square footage.
652
00:27:58,720 --> 00:28:00,204
No,
it was an attic.
653
00:28:00,307 --> 00:28:02,137
The only way to access this
was those weird
654
00:28:02,240 --> 00:28:05,174
attic ladder door things.
That all make sense now.
655
00:28:05,278 --> 00:28:07,211
This was an attic, and somebody
just decided to live in it.
656
00:28:07,314 --> 00:28:10,662
It's not set for a live load.
It's engineered for static load
657
00:28:10,766 --> 00:28:12,457
that, you know,
you just store stuff in.
658
00:28:12,561 --> 00:28:14,080
Right. Correct.
659
00:28:14,183 --> 00:28:15,875
When we first submitted
our building plan,
660
00:28:15,978 --> 00:28:17,773
we got the green light
to start work.
661
00:28:17,877 --> 00:28:20,086
But it should have been flagged
because the upstairs
662
00:28:20,189 --> 00:28:23,123
was never actually approved
to carry live loads.
663
00:28:23,227 --> 00:28:24,884
Basically
people walking around.
664
00:28:24,987 --> 00:28:27,127
So even if our fixes
were strong enough,
665
00:28:27,231 --> 00:28:28,680
which I'm sure they are,
666
00:28:28,784 --> 00:28:31,269
we still got to start that
approval process from scratch
667
00:28:31,373 --> 00:28:32,754
and fix what they missed.
668
00:28:32,857 --> 00:28:34,548
We're probably going to
have to reinforce stuff
669
00:28:34,652 --> 00:28:35,826
if it's not sufficient.
670
00:28:35,929 --> 00:28:37,413
And they won't let us
do any work inside
671
00:28:37,517 --> 00:28:40,692
if this is considered unsafe
or otherwise not up to code.
672
00:28:40,796 --> 00:28:42,280
This could be 50 grand.
673
00:28:42,384 --> 00:28:44,110
So we need to get an architect
to draw up proper plans.
674
00:28:44,213 --> 00:28:45,594
Then we have to go
to the engineers
675
00:28:45,697 --> 00:28:47,182
and we have to ask
for the permit,
676
00:28:47,285 --> 00:28:49,322
get the engineer to stamp it,
and then we're good to go.
677
00:28:49,425 --> 00:28:51,220
Oh, my God, that's going to take
so much time.
678
00:28:51,324 --> 00:28:52,566
This is definitely
going be a setback.
679
00:28:52,670 --> 00:28:53,947
Holy crap.
680
00:28:54,051 --> 00:28:55,880
You got to get your plans in,
but right now,
681
00:28:55,984 --> 00:28:57,571
I got to be
to my next appointment.
682
00:28:57,675 --> 00:29:00,160
So if you'll excuse me,
I'll see you guys later.
683
00:29:00,264 --> 00:29:01,679
- Alright.
- Okay. Thank you.
684
00:29:01,783 --> 00:29:03,785
- Yeah.
- How jacked up is this?
685
00:29:03,888 --> 00:29:05,717
We had a second floor
in a house,
686
00:29:05,821 --> 00:29:07,202
and now we don't have
a second floor in a house.
687
00:29:07,305 --> 00:29:09,376
It's like it got
taken away from us.
688
00:29:09,480 --> 00:29:11,827
This problem means
our structure is unsafe,
689
00:29:11,931 --> 00:29:13,484
and that's going
to shut us down.
690
00:29:13,587 --> 00:29:15,037
And that means
more interest payments
691
00:29:15,141 --> 00:29:16,832
on top of all these
unexpected costs
692
00:29:16,936 --> 00:29:19,731
like sprinkler systems
and the attic reinforcement.
693
00:29:19,835 --> 00:29:22,907
Let's go call an architect.
Let's get some CAD drawings.
694
00:29:23,011 --> 00:29:24,357
Everybody is
so busy right now,
695
00:29:24,460 --> 00:29:26,359
it's going to take months
to get an architect to do this.
696
00:29:26,462 --> 00:29:29,189
Well, guys, the way the money
is stacking up on this property,
697
00:29:29,293 --> 00:29:31,951
I mean, holy cow.
698
00:29:43,583 --> 00:29:45,240
Where are we
with the Lake Mary Flip?
699
00:29:45,343 --> 00:29:48,381
Because it feels like
it's getting expensive.
700
00:29:48,484 --> 00:29:51,660
We've been building there for,
what, four months now
701
00:29:51,763 --> 00:29:53,179
and we borrowed 700 grand,
702
00:29:53,282 --> 00:29:55,733
so our hard money payment
every month is 6 grand.
703
00:29:55,837 --> 00:29:57,769
And now with this wetlands issue
popping up,
704
00:29:57,873 --> 00:29:58,909
I think we're screwed.
705
00:29:59,012 --> 00:30:00,220
It's been several weeks
706
00:30:00,324 --> 00:30:02,050
since our Lake Mary flip
got shut down,
707
00:30:02,153 --> 00:30:03,879
and we're still trying to
line up an architect
708
00:30:03,983 --> 00:30:05,916
to design our second floor.
709
00:30:06,019 --> 00:30:07,572
Even worse, we were just told
710
00:30:07,676 --> 00:30:09,885
that this island
might be considered wetlands,
711
00:30:09,989 --> 00:30:11,922
which would require
a conservation plan.
712
00:31:07,425 --> 00:31:09,945
Between that and what we've
spent on the reno so far,
713
00:31:10,049 --> 00:31:11,774
we're in it for $600,000.
714
00:31:11,878 --> 00:31:13,742
We're not even halfway
through the renovation.
715
00:31:13,845 --> 00:31:16,641
It'll easily cost another 200
grand just to finish the house.
716
00:31:16,745 --> 00:31:17,919
Plus,
we're looking at another
717
00:31:18,022 --> 00:31:20,266
eight months of hard money
if we stay doing that.
718
00:31:20,369 --> 00:31:23,200
We originally hoped to make
over 100 grand on this property,
719
00:31:23,303 --> 00:31:25,305
but now we're looking at
an additional 50 grand
720
00:31:25,409 --> 00:31:27,721
in interest
which we didn't expect.
721
00:31:27,825 --> 00:31:29,827
When you add in
all the surprise expenses
722
00:31:29,931 --> 00:31:31,311
like wetland mitigation,
723
00:31:31,415 --> 00:31:33,796
our profit is heading
quickly towards zero.
724
00:31:33,900 --> 00:31:36,592
Okay, so look, this doesn't look
like it's going well,
725
00:31:36,696 --> 00:31:39,457
and we don't really have
a way through this.
726
00:31:39,561 --> 00:31:43,151
So what other solutions
are there?
727
00:31:43,254 --> 00:31:45,360
Try and sell it as is
to someone?
728
00:31:45,463 --> 00:31:47,396
Oh, my God, that's...
729
00:31:47,500 --> 00:31:48,570
Wait a minute.
730
00:31:48,673 --> 00:31:49,778
You guys remember
when we bought it?
731
00:31:49,881 --> 00:31:51,883
There was that developer
that reached out to us.
732
00:31:51,987 --> 00:31:53,471
The person who's developing
right down the road?
733
00:31:53,575 --> 00:31:55,128
Yeah, yeah, yeah, that--Yeah, yeah.
734
00:31:55,232 --> 00:31:57,096
And we were like,
"No, we got this. We're good."
735
00:31:57,199 --> 00:31:58,580
- Yeah.
- But we're not
so good anymore.
736
00:31:58,683 --> 00:32:00,547
Maybe we should
ring them up.
737
00:32:00,651 --> 00:32:02,584
Right now,
we're in it for $600,000.
738
00:32:02,687 --> 00:32:04,482
They have to pay
over $600,000.
739
00:32:04,586 --> 00:32:06,277
Yeah, that's a lot to ask
740
00:32:06,381 --> 00:32:08,797
for an unfinished house that's
plagued with permit problems.
741
00:32:08,900 --> 00:32:11,731
We do have over an acre
on that an island
742
00:32:11,834 --> 00:32:13,905
that they could
potentially parcel off along.
743
00:32:14,009 --> 00:32:16,184
Yeah, I mean, new construction
is not our thing,
744
00:32:16,287 --> 00:32:18,462
but a developer could
definitely split that lot.
745
00:32:18,565 --> 00:32:19,981
If somebody can get
three houses on there,
746
00:32:20,084 --> 00:32:24,364
that's only $200,000 per parcel
for lakefront island property.
747
00:32:24,468 --> 00:32:26,263
It's true.
Let me see
if I can make a contact
748
00:32:26,366 --> 00:32:27,574
and we'll go
talk to them.
749
00:32:27,678 --> 00:32:29,335
- Okay. I'm good with that.
- Justin, are you good?
750
00:32:29,438 --> 00:32:31,993
Dude, the price of
diesel fuel right now,
751
00:32:32,096 --> 00:32:35,134
if I never have to drive
to Lake Mary again, I'm A-okay.
752
00:32:35,237 --> 00:32:36,342
Yeah, seriously.
753
00:32:36,445 --> 00:32:37,860
I really wanted to see
this house
754
00:32:37,964 --> 00:32:40,277
become an awesome
private island getaway.
755
00:32:40,380 --> 00:32:42,865
But developers these days
are maximizing space
756
00:32:42,969 --> 00:32:45,040
and putting houses
onto smaller parcels.
757
00:32:45,144 --> 00:32:46,593
That might be the key
that helps us
758
00:32:46,697 --> 00:32:49,079
unload this money pit
of a flip.
759
00:32:49,182 --> 00:32:53,014
So let me make some phone calls
and see what I can come up with.
760
00:33:02,299 --> 00:33:04,404
Okay. So it should be
somewhere along here.
761
00:33:04,508 --> 00:33:06,751
Well, we're looking for
a construction site, right?
762
00:33:06,855 --> 00:33:08,270
Yep. That's it.
763
00:33:08,374 --> 00:33:10,962
Ashlee and I have tracked down
the developer, Babette,
764
00:33:11,066 --> 00:33:13,655
whom we first heard from
when we started our flip.
765
00:33:13,758 --> 00:33:15,312
We're going to pay her
a surprise visit
766
00:33:15,415 --> 00:33:17,590
at one of her projects.
767
00:33:17,693 --> 00:33:19,764
We know she was interested
in this property once.
768
00:33:19,868 --> 00:33:22,112
We're hoping that a good,
in-person upsell on this place
769
00:33:22,215 --> 00:33:24,045
will convince her
to come take a fresh look.
770
00:33:24,148 --> 00:33:25,149
Hello.
771
00:33:25,253 --> 00:33:26,150
- Hey.
- Oh, hey, there.
772
00:33:26,254 --> 00:33:27,600
How are you?
Good, good, good.
773
00:33:27,703 --> 00:33:29,395
- I'm Keith.
- Babette.
774
00:33:29,498 --> 00:33:31,328
- Hi. Ashlee.
- Ashlee, nice to meet you.
775
00:33:31,431 --> 00:33:32,777
We have a potential deal
for you.
776
00:33:32,881 --> 00:33:34,986
We have the property
in Lake Mary.
777
00:33:35,090 --> 00:33:37,058
I guess you're doing
- some development up there.
- Yeah.
778
00:33:37,161 --> 00:33:39,750
And we spoke months ago
when we first acquired it.
779
00:33:39,853 --> 00:33:40,854
I do remember.
You remember?
780
00:33:40,958 --> 00:33:42,063
I do. Mm-hmm.
781
00:33:42,166 --> 00:33:43,995
Do you remember very much
about the parcel?
782
00:33:44,099 --> 00:33:45,238
No, I don't.
783
00:33:45,342 --> 00:33:47,206
Let me show you.
784
00:33:47,309 --> 00:33:48,379
- Look at it.
- There it is. Yeah.
785
00:33:48,483 --> 00:33:49,691
- It's beautiful.
- Oh, yeah, yeah, yeah.
786
00:33:49,794 --> 00:33:51,141
- Yeah, it's amazing.
- It's beautiful.
787
00:33:51,244 --> 00:33:53,074
We believe you could put
three individual parcels on it.
788
00:33:53,177 --> 00:33:54,765
Okay.
It's an amazing spot
789
00:33:54,868 --> 00:33:56,836
because it's this island
that's in the middle of a lake
790
00:33:56,939 --> 00:33:59,701
with its own little
driveway path,
791
00:33:59,804 --> 00:34:03,256
and it's so unique, and there's
just nothing else like it.
792
00:34:03,360 --> 00:34:04,740
- Yeah.
- It's interesting.
793
00:34:04,844 --> 00:34:06,984
Yeah, the thing about it is
we've half renovated
794
00:34:07,088 --> 00:34:08,089
the house that's there.
795
00:34:08,192 --> 00:34:09,538
There's like
a 3,000-square-foot house.
796
00:34:09,642 --> 00:34:12,162
- Okay.
- And you could technically
just rehab that
797
00:34:12,265 --> 00:34:13,956
if you wanted,
finish that off.
798
00:34:14,060 --> 00:34:15,579
Yeah, but splitting the lot,
though, I think
799
00:34:15,682 --> 00:34:18,513
that's where the money's
probably at there.
800
00:34:18,616 --> 00:34:20,308
And this has its own access,
you're saying,
801
00:34:20,411 --> 00:34:23,794
to get to the area,
and it's the only access there?
802
00:34:23,897 --> 00:34:25,175
- It is.
- It's the only access.
803
00:34:25,278 --> 00:34:26,555
That's why we've run
into a few issues.
804
00:34:26,659 --> 00:34:27,729
But we've fixed
all of that.
805
00:34:27,832 --> 00:34:29,351
We've had a tough time
with permits,
806
00:34:29,455 --> 00:34:32,320
but basically the upper level
was never permitted.
807
00:34:32,423 --> 00:34:33,735
We have an engineer
looking into it.
808
00:34:33,838 --> 00:34:37,152
The problem is the timeline
for us is a little long.
809
00:34:37,256 --> 00:34:39,499
So-- But for someone like you
who's already developing
810
00:34:39,603 --> 00:34:43,400
in that neighborhood,
it'd probably work out.
811
00:34:43,503 --> 00:34:44,918
We were thinking,
812
00:34:45,022 --> 00:34:46,403
because it's very far
from our house,
813
00:34:46,506 --> 00:34:47,852
from where we live,
814
00:34:47,956 --> 00:34:49,199
that we kind of
want to offload it,
815
00:34:49,302 --> 00:34:50,545
if possible,
to someone else.
816
00:34:50,648 --> 00:34:53,479
So we thought we'd come
to you first.
817
00:34:53,582 --> 00:34:57,379
What do you think?
Would you be willing to stop by?
818
00:34:57,483 --> 00:34:58,967
So let's do this.
819
00:34:59,070 --> 00:35:01,349
Since I'm so busy,
let me give you a call back
820
00:35:01,452 --> 00:35:03,972
and then I'm going to let you
know when I'm in the area.
821
00:35:04,075 --> 00:35:05,249
And then possibly
you can meet.
822
00:35:05,353 --> 00:35:06,733
- How's that?
- Perfect.
823
00:35:06,837 --> 00:35:07,734
- That sounds great.
- Yeah, I think you're
going to love it.
824
00:35:07,838 --> 00:35:09,564
Step one, done.
825
00:35:09,667 --> 00:35:11,531
Now we just have to be prepared
to dazzle her
826
00:35:11,635 --> 00:35:13,223
with the property
when she comes out.
827
00:35:13,326 --> 00:35:14,258
Thank you, guys.
828
00:35:14,362 --> 00:35:15,156
Alright. Take care.
829
00:35:15,259 --> 00:35:16,743
- Bye.
- Bye.
830
00:35:24,475 --> 00:35:25,580
So you think
this developer
831
00:35:25,683 --> 00:35:27,651
is going to buy this house?
832
00:35:27,754 --> 00:35:29,135
I don't know, man.
833
00:35:29,239 --> 00:35:30,964
I mean, the numbers
got to work for her, right?
834
00:35:31,068 --> 00:35:33,760
Developing is all about
- making the numbers work.
- Yeah.
835
00:35:33,864 --> 00:35:35,969
Babette the developer agreed
to meet with us today
836
00:35:36,073 --> 00:35:37,799
for a tour of
the Lake Mary property.
837
00:35:37,902 --> 00:35:39,352
This is our best
838
00:35:39,456 --> 00:35:42,942
and maybe our only chance
to sell this property.
839
00:35:43,045 --> 00:35:45,703
We got company. Yes.
840
00:35:45,807 --> 00:35:47,015
Hey.
841
00:35:47,118 --> 00:35:48,499
Hey, Babette. Hey.
842
00:35:48,603 --> 00:35:50,570
- Thanks for coming out.
- Absolutely.
843
00:35:50,674 --> 00:35:51,882
Nice seeing you guys again.
844
00:35:51,985 --> 00:35:53,435
- For sure.
- So this is the property.
845
00:35:53,539 --> 00:35:55,920
- It is.
- So what'd you think driving in?
846
00:35:56,024 --> 00:35:57,543
Yeah, it's, um...
847
00:36:00,339 --> 00:36:01,443
Definitely...
848
00:36:06,345 --> 00:36:07,794
A lot of nature.
- Unique.
849
00:36:07,898 --> 00:36:09,037
You glad you have
your four-wheel drive?
850
00:36:09,140 --> 00:36:10,245
SUV,
yeah, definitely.
851
00:36:10,349 --> 00:36:12,005
You know, it's--
it's beautiful out here.
852
00:36:12,109 --> 00:36:14,007
We've been working on it
for quite some time.
853
00:36:14,111 --> 00:36:15,388
We'd love to give you
a walkthrough.
854
00:36:15,492 --> 00:36:17,287
Great. Yeah, show me.
855
00:36:17,390 --> 00:36:18,426
Did you notice
on the drive in
856
00:36:18,529 --> 00:36:19,703
how large the property is?
857
00:36:19,806 --> 00:36:20,945
It's huge.
If you were going
858
00:36:21,049 --> 00:36:22,740
to divide it up,
you could have a house there,
859
00:36:22,844 --> 00:36:24,639
over there,
and possibly over there.
860
00:36:24,742 --> 00:36:26,779
Yeah.
- Very nice.
- And keep this.
861
00:36:26,882 --> 00:36:29,506
Right here, we have basically
a porte-cochère.
862
00:36:29,609 --> 00:36:31,991
It's not a full drive through,
exit out the other side.
863
00:36:32,094 --> 00:36:34,131
It's a porte-cochère
where you pull under it
864
00:36:34,235 --> 00:36:35,684
and stop and park.
865
00:36:35,788 --> 00:36:37,583
But it does provide cover
from the weather.
866
00:36:37,686 --> 00:36:38,756
So it's super convenient.
867
00:36:38,860 --> 00:36:40,586
There's no garage,
so there's a really--
868
00:36:40,689 --> 00:36:43,174
This is kind of
what we're doing instead, right?
869
00:36:43,278 --> 00:36:44,969
That could potentially
be a problem
870
00:36:45,073 --> 00:36:46,868
if we don't have a garage
'cause...
Mm-hmm.
871
00:36:46,971 --> 00:36:48,214
...who doesn't need a garage?
But go ahead.
872
00:36:48,318 --> 00:36:49,457
Well, let's take
a look inside.
873
00:36:49,560 --> 00:36:50,803
We'll show you what we got
going on inside.
874
00:36:50,906 --> 00:36:52,736
Alright.
875
00:36:52,839 --> 00:36:55,186
On your left, we'll start
with the living room.
876
00:36:55,290 --> 00:36:56,671
It was so dark in here.
877
00:36:56,774 --> 00:36:59,708
There were a dark bookcases the
whole way down both walls here.
878
00:36:59,812 --> 00:37:00,985
We brightened it up
879
00:37:01,089 --> 00:37:02,953
by getting rid of the dark
and weird decor.
880
00:37:03,056 --> 00:37:05,507
But we did keep some of
the more unique features.
881
00:37:05,611 --> 00:37:09,684
We have what we believe
is authentic Disney glass.
882
00:37:09,787 --> 00:37:11,548
We recently discovered
this house was built
883
00:37:11,651 --> 00:37:14,654
at the same time as Cinderella's
Castle at Walt Disney World.
884
00:37:14,758 --> 00:37:16,380
The builder had
a connection to Disney,
885
00:37:16,484 --> 00:37:19,763
and we believe those were left
over from the castle building.
886
00:37:19,866 --> 00:37:21,109
Well, that's pretty neat.
887
00:37:21,212 --> 00:37:22,559
That's a selling point
in itself. I like that.
888
00:37:22,662 --> 00:37:24,526
Cinderella Castle windows.
889
00:37:24,630 --> 00:37:28,358
You got King Arthur's
light fixtures, you know.
890
00:37:28,461 --> 00:37:30,049
Loving the chandeliers, yes.
891
00:37:30,152 --> 00:37:31,913
This room
could be really anything,
892
00:37:32,016 --> 00:37:34,950
but I think it's like the
coolest entertaining room ever.
893
00:37:35,054 --> 00:37:37,401
This is what we had kind
of envisioned for this room.
894
00:37:37,505 --> 00:37:39,058
- Mm-hmm.
- So the huge chandeliers
895
00:37:39,161 --> 00:37:41,785
and gorgeous fireplace
with the quartz.
896
00:37:41,888 --> 00:37:44,166
Very clad marble.
Yeah, I love the layout.
897
00:37:44,270 --> 00:37:45,651
I love the space in here.
898
00:37:45,754 --> 00:37:46,721
Alright,
let's go see the kitchen.
899
00:37:46,824 --> 00:37:47,860
'Cause we got
some really cool plans
900
00:37:47,963 --> 00:37:49,448
that would be great
for the kitchen.
901
00:37:49,551 --> 00:37:51,519
You should have seen this place
when we first walked in.
902
00:37:51,622 --> 00:37:53,383
The kitchen was very tiny.
903
00:37:53,486 --> 00:37:55,488
It was crammed with
faux wood cabinets
904
00:37:55,592 --> 00:37:57,110
and outdated appliances.
905
00:37:57,214 --> 00:37:58,595
Super ugly.
906
00:37:58,698 --> 00:38:00,735
But as you can see,
we've really opened it up
907
00:38:00,838 --> 00:38:02,426
just to maximize the space.
908
00:38:02,530 --> 00:38:04,670
- Isn't it incredible?
- Yes, it is nice.
909
00:38:04,773 --> 00:38:06,775
The kitchen that Ash and I
have come up with,
910
00:38:06,879 --> 00:38:08,639
it is so Mac Daddy.
911
00:38:08,743 --> 00:38:10,261
So basically what
we were thinking
912
00:38:10,365 --> 00:38:11,470
was something along
the lines of this.
913
00:38:11,573 --> 00:38:14,093
So we've already piped in
plumbing and electric
914
00:38:14,196 --> 00:38:16,475
for the huge island.
- For the island.
915
00:38:16,578 --> 00:38:18,373
It's like a 10-foot island
over there.
916
00:38:18,477 --> 00:38:20,789
So the island is actually going
to be right in the middle.
917
00:38:20,893 --> 00:38:22,204
And then you're going to be
looking at the water.
918
00:38:22,308 --> 00:38:24,379
Yes, so you're looking at
the pool, looking at the water.
919
00:38:24,483 --> 00:38:26,761
This is the wet bar area
920
00:38:26,864 --> 00:38:29,488
with a large fridge
for wine here.
921
00:38:29,591 --> 00:38:31,179
And then over here,
we had kind of envisioned
922
00:38:31,282 --> 00:38:32,387
a breakfast nook.
923
00:38:32,491 --> 00:38:33,630
I like it. I like it.
924
00:38:33,733 --> 00:38:35,390
So let's check out
the rest of the house.
925
00:38:35,494 --> 00:38:39,014
So this is the master
bedroom downstairs.
926
00:38:39,118 --> 00:38:40,222
Remember this room
beforehand?
927
00:38:40,326 --> 00:38:41,983
Yeah,
it was a large space,
928
00:38:42,086 --> 00:38:45,400
but the flow through the closet
and the bathroom was horrible.
929
00:38:45,504 --> 00:38:46,850
So this is what we were envisioning
930
00:38:46,953 --> 00:38:48,265
for the principal bedroom.
931
00:38:48,369 --> 00:38:49,991
Very chic, very modern,
932
00:38:50,094 --> 00:38:51,786
really beautiful,
huge chandelier.
933
00:38:51,889 --> 00:38:53,339
- I like it.
- Yeah.
934
00:38:53,443 --> 00:38:55,928
And then this actually is the
closet for this room. It's huge.
935
00:38:56,031 --> 00:38:57,723
- Oh, nice.
- Yeah.
936
00:38:57,826 --> 00:38:59,863
This room has vaulted ceilings
in the closet.
937
00:38:59,966 --> 00:39:02,003
Definitely I love the heights
of the ceiling.
938
00:39:02,106 --> 00:39:03,418
And then
if you walk this way,
939
00:39:03,522 --> 00:39:05,662
this is the huge
master bathroom.
940
00:39:05,765 --> 00:39:08,492
It didn't start out huge,
that's for sure.
941
00:39:08,596 --> 00:39:10,805
Yeah, it was a super awkward
little corridor to get in there.
942
00:39:10,908 --> 00:39:12,323
Wasn't really attached
to a bedroom.
943
00:39:12,427 --> 00:39:14,705
It was so bizarre.
Just a very funny layout.
944
00:39:14,809 --> 00:39:16,258
But now it's really
big and spacious.
945
00:39:16,362 --> 00:39:18,226
It's a great size for
a luxury en suite.
946
00:39:18,329 --> 00:39:19,676
Huge double vanity,
947
00:39:19,779 --> 00:39:21,505
and then a massive shower
right here.
948
00:39:21,609 --> 00:39:24,577
And that transom window we added
really brightens up the space.
949
00:39:24,681 --> 00:39:25,923
So you get a lot of nice
light in here,
950
00:39:26,027 --> 00:39:27,718
but have all the privacy
that you need.
951
00:39:27,822 --> 00:39:28,995
That's definitely
another selling point.
952
00:39:29,099 --> 00:39:30,549
I love the lighting.
953
00:39:30,652 --> 00:39:32,689
And here we have our downstairs
junior master suite.
954
00:39:32,792 --> 00:39:34,138
And you got to love this house.
955
00:39:34,242 --> 00:39:36,486
Junior suites bigger than
most people's master suites.
956
00:39:36,589 --> 00:39:38,419
Yeah,
this was two bedrooms,
957
00:39:38,522 --> 00:39:42,215
and we actually put this beam up
to join them.
958
00:39:42,319 --> 00:39:44,632
- Fantastic idea.
- Put your bed here.
959
00:39:44,735 --> 00:39:46,806
King-size bed.
And you've got this gorgeous
960
00:39:46,910 --> 00:39:48,981
sliding door outside.
- That's great.
961
00:39:49,084 --> 00:39:50,500
Yeah, the view is wonderful.
962
00:39:50,603 --> 00:39:51,742
Let's show you the rest.
963
00:39:51,846 --> 00:39:53,399
There was no stairs here
when we first got here.
964
00:39:53,503 --> 00:39:54,711
It was just a ladder.
965
00:39:54,814 --> 00:39:56,126
This upstairs area
seemed to be
966
00:39:56,229 --> 00:39:57,610
used as like
a living space,
967
00:39:57,714 --> 00:40:00,406
but it still had
that creepy attic vibe.
968
00:40:00,510 --> 00:40:02,581
Now, not only does it
have proper access,
969
00:40:02,684 --> 00:40:04,030
but it's got natural light
970
00:40:04,134 --> 00:40:06,964
and all the makings
of a third master bedroom.
971
00:40:07,068 --> 00:40:08,276
But there was
one problem.
972
00:40:08,379 --> 00:40:10,589
The previous owner
turned it into a living space,
973
00:40:10,692 --> 00:40:12,073
but he never
permitted it.
974
00:40:12,176 --> 00:40:15,041
It's easily fixable
with some basic reinforcement.
975
00:40:15,145 --> 00:40:17,216
It's just a matter of navigating
the permitting process.
976
00:40:17,319 --> 00:40:19,667
We were thinking of staging it
either as a game room--
977
00:40:19,770 --> 00:40:21,013
A game room,
a movie theater.
978
00:40:21,116 --> 00:40:22,773
- Like a media room, yes.
- Yeah.
979
00:40:22,877 --> 00:40:24,913
- Okay.
- But either way, you know,
980
00:40:25,017 --> 00:40:27,191
we did build it out
to be another master.
981
00:40:27,295 --> 00:40:31,333
So it does have a proper huge
bathroom, a proper huge closet,
982
00:40:31,437 --> 00:40:33,681
and then
a proper-sized master.
983
00:40:33,784 --> 00:40:34,889
I like it. I like it.
984
00:40:34,992 --> 00:40:36,580
And remember,
there's that pool out back
985
00:40:36,684 --> 00:40:39,376
which could be fixed up
really gorgeous too.
986
00:40:39,480 --> 00:40:41,792
Now that you've seen the house
and the plans for it
987
00:40:41,896 --> 00:40:43,449
and where we're at
with the house,
988
00:40:43,553 --> 00:40:46,176
the rest of the value
proposition is in the land
989
00:40:46,279 --> 00:40:47,936
and what could be--
what can be done with it.
990
00:40:48,040 --> 00:40:49,835
We know for sure,
after looking at the site plan,
991
00:40:49,938 --> 00:40:53,804
that we can put two properties
on it, maybe a third.
992
00:40:53,908 --> 00:40:55,565
What's going to be required
going forward
993
00:40:55,668 --> 00:40:56,669
is new construction.
994
00:40:56,773 --> 00:40:57,877
New construction's
not what we do,
995
00:40:57,981 --> 00:41:00,052
so that's
where you come in.
996
00:41:00,155 --> 00:41:03,193
Mm.
So what do you think?
997
00:41:03,296 --> 00:41:05,506
So I was thinking,
998
00:41:05,609 --> 00:41:07,646
with everything
we just walked through,
999
00:41:07,749 --> 00:41:10,372
I think, say, $500,000.
1000
00:41:10,476 --> 00:41:12,651
Ooh. Mm.
1001
00:41:12,754 --> 00:41:14,825
We want to move on,
but not that badly.
1002
00:41:14,929 --> 00:41:17,690
Yeah,
we were looking for $700,000.
1003
00:41:17,794 --> 00:41:20,037
Like, realistically,
we could take a little bit less,
1004
00:41:20,141 --> 00:41:23,696
but we're not
in the $500,000 range.
1005
00:41:23,800 --> 00:41:25,491
I'm taking it
off your hands.
1006
00:41:25,595 --> 00:41:27,562
Yeah, but this is a--
this has so much potential,
1007
00:41:27,666 --> 00:41:29,253
and we know we'll be able
to find a buyer
1008
00:41:29,357 --> 00:41:30,358
a little higher than that.
1009
00:41:30,461 --> 00:41:32,222
How about $650,000?
1010
00:41:34,707 --> 00:41:36,191
That's still going
above my budget.
1011
00:41:36,295 --> 00:41:39,781
I'm thinking that's not going
to hit the numbers for me.
1012
00:41:39,885 --> 00:41:42,957
Maybe the max, $600,000.
1013
00:41:43,060 --> 00:41:45,787
I mean, that's--
that's-- that's the best,
1014
00:41:45,891 --> 00:41:49,446
best that I could do.
1015
00:41:49,550 --> 00:41:51,413
So do we have a deal?
1016
00:41:51,517 --> 00:41:53,139
We have so many other jobs
that we can do in town
1017
00:41:53,243 --> 00:41:54,485
that this is
holding us up on
1018
00:41:54,589 --> 00:41:56,487
'cause it's tying up
our money and time.
1019
00:41:56,591 --> 00:41:58,455
I say we do it.
1020
00:41:58,559 --> 00:41:59,939
- Alright.
- Sounds like a deal.
1021
00:42:00,043 --> 00:42:01,354
- Alright. You got a deal.
- Awesome.
1022
00:42:01,458 --> 00:42:02,839
- Thank you, Babette.
- Thank you, guys.
1023
00:42:02,942 --> 00:42:04,703
So this flip didn't end the way
we wanted it to,
1024
00:42:04,806 --> 00:42:06,083
and that's unfortunate.
1025
00:42:06,187 --> 00:42:08,258
But it's important to understand
that in this business,
1026
00:42:08,361 --> 00:42:09,915
nobody bats 1,000,
1027
00:42:10,018 --> 00:42:13,056
and frequently discretion can be
the better part of valor.
1028
00:42:13,159 --> 00:42:16,369
Making the decision to sell it
allowed us to break even
1029
00:42:16,473 --> 00:42:18,958
and move on to other projects
that will make money.
1030
00:42:19,062 --> 00:42:20,926
And that's a lesson
we can all learn from.
1031
00:42:21,029 --> 00:42:22,410
So selling for 600K means
1032
00:42:22,513 --> 00:42:24,343
we get out in one piece
not any richer,
1033
00:42:24,446 --> 00:42:27,173
but definitely wiser about
the pitfalls of our profession.
1034
00:42:27,277 --> 00:42:28,589
It's time to get back to Orlando
1035
00:42:28,692 --> 00:42:30,660
and find some zombies
closer to home.