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♪♪
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ooh, I'm hungry.
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Do you have any money on you?
4
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-Yes, I do. -Okay. You can buy.
5
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Okay. I got you.
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Can I get a large iced coffee, 70 percent coffee,
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30 percent low-fat milk.
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Get out of here. He's so hollywood.
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I would like 70 percent and 30 percent.
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Can I please have a vanilla latte.
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I'm going to get the egg, turkey-sausage sandwich.
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All right. While you wait for your sandwich,
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I'll be outside, and then you can tell me
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why you brought me to fullerton.
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♪♪
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all right. Looks like they nailed it.
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Why 30 percent milk?
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Because it tastes better.
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It has a perfect consistency.
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Anyways, why are we in fullerton?
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Do you remember back in 2005 the first flip
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I ever did when we first met?
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I do. I got a call from a seller.
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He has a house literally across the street.
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That's random.
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It's a four bedroom two bath, about 1,700 square feet.
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They're asking $565,000 so -- what's the condition?
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Well, he said the condition is not the best
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and it's not the worst.
30
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But I did run the comps, and the value is
31
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probably around $750,000, $760,000.
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Oh, that's a great deal.
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So when are we going to go check it out?
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Right now.
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It's literally, like, a 1/2 mile from here.
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Better get going before someone else snags it.
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Grab your 30 percent milk. All right.
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I'll text you the address. Meet you at the house.
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All right. Sounds good.
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♪♪
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you made it! Oh, please.
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It's a cute house, has good curb appeal.
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This house itself, four bedroom, two bath.
44
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It's a little over 1,700 square feet, so it's a good-size house.
45
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They want $565,000? Yeah.
46
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That was the first house I ever flipped,
47
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four bedroom, two bath, 1,900 square feet.
48
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It has a lot of character. It's cape-cod style, super cute.
49
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It has a huge yard.
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Made $84,000, sold it for $770,000.
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Not bad.
52
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My first flip was in 2005
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which was around the same time that me and christina met.
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When I made that quick cash,
55
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I got hit with the house-flipping bug.
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Unfortunately shortly after, the market crashed,
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and as a real-estate agent, it was really tough.
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So a few years later,
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I started flipping distressed properties,
60
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and there's been no looking back.
61
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So let's see what we find inside.
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Open it up.
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Well, it's dark. Look at the carpet.
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It's, like, black, but it's supposed to be white.
65
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Oh, my god. Look at the size of this fireplace.
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Yeah, we've dealt with a fireplace like this
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before in a house.
68
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It cost a fortune to try to get rid of it.
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Look at all these windows.
70
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But it's just still so dark.
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There are literally cracks everywhere.
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There's some weird stuff going on
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with the settling on this house.
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That's scary.
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Let's go to the kitchen.
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This is really weird.
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They, like, built an oven into the fireplace.
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This is a huge eyesore, like, completely blocks off the house.
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These lower cabinets right here
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are also blocking out that window,
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and then plus the window with that little stain design thing
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is not helping the light situation.
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That's fancy.
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All right. So you stand right here.
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It has the potential to have a good layout.
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It has the potential to have a good layout
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once it's completely opened up.
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You know what's really weird?
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Why would they separate this room?
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Looks like an addition.
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It definitely looks like an addition.
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I wonder if it's permitted.
93
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This room as it stands is not good.
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If this wall was gone,
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the whole corner of the house would be glass.
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These are big sliders.
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Once upon a time this was a really cute garden,
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but, like, 30 years ago.
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All the cement is, like, buckling.
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I don't know. There's something going on.
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Maybe that's why they're asking $565,000.
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Too good to be true, probably is.
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Well, he said, "as is," and he wants us to move fast,
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so maybe there's something he knows that we don't.
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Is jeff coming out?
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Yeah, he'll be here soon.
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So bathroom one.
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Good-size bathroom, actually.
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Easy gut redo, $8,000, $9,000, not too bad.
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Oh, someone is sleeping here, for sure.
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Carpet is really gross.
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It looks like mold.
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Matches the wallpaper.
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Ew. Listen to that.
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[ crunching ] ew.
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Bedroom number two looks just the same in decor
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as bedroom number one.
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Uh-oh, we're sloping.
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Want to peel back the carpet and take a look?
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Go ahead. No, I don't touch carpet.
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This is the master?
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I mean, it's decent size for a 1,700-square-foot house.
123
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What really counts is the bathroom.
124
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Let's see this thing.
125
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Very '50s.
126
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Where's the shower? It's right here.
127
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You know what? We might be able to expand it.
128
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Let me see what's on the other side.
129
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So the shower itself would be right here behind that.
130
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You know what? Yeah, check it out.
131
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We can easily double the size of that shower.
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Perfect. Probably about $10,000 in there.
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This bedroom is probably the smallest.
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This is, like, the only room in the entire house that has light.
135
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$565,000, huh?
136
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Yeah, what's wrong. Jeff will be here soon.
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He should know.
138
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What's going on, you guys?
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What's up, buddy? How are you?
140
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Look how beautiful this place is.
141
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It actually is. It's pretty nice.
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From the outside. Let me go check it out.
143
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Just come back with good new for once.
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See you in two hours.
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♪♪
146
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what do you think, good news, bad news?
147
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About to find out. Wow.
148
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Is it good wow or a bad wow?
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The outside is definitely better than the inside.
150
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You were right.
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How much do you think it's going to cost?
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You're looking, like, $81,000.
153
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But I won't how much it's going to cost to remove the fireplace
154
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and the walls in the addition
155
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until I get a structural engineer out.
156
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It's definitely going to be more than $81,000,
157
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let's just say that. All right. I'll let you know.
158
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Thank you. Have a good day.
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I think it will be a fun project.
160
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Well, even with all those things wrong,
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at $565,000, it's still priced well.
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Someone is going to take the risk,
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and if someone is going to do it, it should be us.
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And with your old house right across the street,
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I think it seems fitting.
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If that back area is permitted, which I'm going to ask the owner
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and he can prove it, with comps in the mid sevens,
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we can pay $565,000.
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All right. Keep me posted.
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♪♪
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I got confirmation from the seller
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that the back part of the house is permitted,
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and I bought the house for $565,000.
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The biggest challenge that we have right now is the layout.
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But until jeff gets the structural engineer out here,
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there is no way to know the cost.
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Fingers crossed.
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♪♪
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-start pulling some of this. -All right.
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Breathe it in, all those beautiful smells.
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Whoa, it's like linoleum.
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Normally if you had major cracks,
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you would see the lumping in the vinyl.
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Let's go check out that other bedroom.
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♪♪
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I don't see anything in there. It's just sloping.
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I think that's how they poured it when they built it.
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What's the causing the cracks?
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You're dealing with plaster walls.
190
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Over time it dries and cracks. So now what?
191
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So we'll get all these tiles out of here
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and just verify that the concrete here is good.
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All right. Well, it's pretty good news.
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♪♪
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♪♪
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jeffrey! What's going on, you guys?
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It's still dark in here.
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So how much is it going to cost to open this up?
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It turns out that all these walls are load bearing.
200
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You're talking about $9,000.
201
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So it's $9,000 to remove two walls.
202
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Well, you have this wall used to be an exterior wall.
203
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This wall is a load-bearing-interior wall
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where your fireplace is,
205
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and then you were talking about taking this wall back to here,
206
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which is also an exterior wall.
207
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So: Load bearing, load bearing,
208
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that one around the corner is also load bearing.
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Wow.
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♪♪
211
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you got an exterior wall,
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another exterior wall and an interior wall.
213
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All three walls are load bearing.
214
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How much is that to remove all three?
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Be like $9,000. Okay.
216
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How much just to remove the fireplace?
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About $4,500, $5,000.
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That's a lot better to spend five than 10.
219
00:07:31,110 --> 00:07:32,880
I think we just keep these two walls.
220
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Honestly, if it's all open, it might be too open.
221
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I think it works. Let's just do that,
222
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remove the fireplace, leave the rest as is.
223
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Perfect. That works.
224
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♪♪
225
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removing this chimney is a huge task.
226
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♪♪
227
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not only are we taking out a ton of brick
228
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that's pretty much holding up the roof...
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♪♪
230
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we're also creating a giant hole in the center of the house
231
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that's going to need to be patched.
232
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Plus, we still need to pour footings
233
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and add a support wall to hold up the ceiling
234
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until we get the beam in.
235
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♪♪
236
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I just hope this is worth it.
237
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♪♪
238
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jeff: Let me show you guys this bathroom.
239
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So you guys wanted to take this shower,
240
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and you guys were thinking blow it that way?
241
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Yes. Bump it into the closet.
242
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So here's our wall, right...
243
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Right. Behind the shower.
244
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Now that wall is somewhere right around here.
245
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Oh, we can't bring it out because it will block
246
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the doorway. Yeah, it would come to here.
247
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Oh.
248
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So unless you want to sidestep in,
249
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which isn't going to be to code...
250
00:08:40,850 --> 00:08:43,450
Lets go look at it.
251
00:08:43,450 --> 00:08:45,220
So here's what we can do.
252
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We can't expand the shower that way,
253
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but we have space back there.
254
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Right.
255
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Let's push that wall as close to the doorway as possible,
256
00:08:51,930 --> 00:08:54,660
move the toilet from there to where the current shower is,
257
00:08:54,660 --> 00:08:56,760
change the shower location from here,
258
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put it on the back wall and then keep the vanity where it's at.
259
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That works.
260
00:09:01,070 --> 00:09:02,400
How much do you think it's going to cost to make those changes?
261
00:09:02,400 --> 00:09:04,200
Probably a couple thousand. Why is it so expensive?
262
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You've got to move the plumbing for the toilet
263
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from there to there, and now I've got to move
264
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the plumbing from the shower from there to there,
265
00:09:10,250 --> 00:09:12,450
knock out a wall, reframe a wall,
266
00:09:12,450 --> 00:09:13,650
add more drywall.
267
00:09:13,650 --> 00:09:15,320
I think with the amount of money and the price
268
00:09:15,320 --> 00:09:16,980
we're trying to get, we're going to have to do it.
269
00:09:16,990 --> 00:09:17,950
Definitely worth it.
270
00:09:17,950 --> 00:09:18,850
It has a horrible layout right now,
271
00:09:18,850 --> 00:09:19,920
and that shower is tiny.
272
00:09:19,920 --> 00:09:21,090
Okay. Got it.
273
00:09:21,090 --> 00:09:29,300
♪♪
274
00:09:29,300 --> 00:09:31,100
-wow. -What a difference.
275
00:09:31,100 --> 00:09:32,800
It's like a whole different house.
276
00:09:32,800 --> 00:09:34,430
Be careful. Yeah, oops.
277
00:09:34,440 --> 00:09:36,070
Can you believe this was fireplace?
278
00:09:36,070 --> 00:09:38,070
You can literally see the cutout.
279
00:09:38,070 --> 00:09:40,340
Oh, my gosh. It's crazy.
280
00:09:40,340 --> 00:09:42,680
They found a really unique cabinet color,
281
00:09:42,680 --> 00:09:44,080
and I wanted to run it by you.
282
00:09:44,080 --> 00:09:47,310
What if we do lowers this color and uppers white?
283
00:09:47,320 --> 00:09:49,480
Then we can find a flooring that looks nice on both.
284
00:09:49,480 --> 00:09:50,720
I like it. I think they're super cool.
285
00:09:50,720 --> 00:09:52,020
I mean, they're kind of a mixture of, like,
286
00:09:52,020 --> 00:09:53,790
a gray and brown.
287
00:09:53,790 --> 00:09:56,060
Yes, I love it too. Let's talk layout.
288
00:09:56,060 --> 00:09:58,560
It would look good if we did a peninsula
289
00:09:58,560 --> 00:10:02,100
because it's uniform, but I feel like for this space,
290
00:10:02,100 --> 00:10:03,600
I think we can pop in an island.
291
00:10:03,600 --> 00:10:06,170
I think two-tone with an island will look more modern anyways.
292
00:10:06,170 --> 00:10:09,500
Appliances-wise, stovetop, microwave,
293
00:10:09,500 --> 00:10:12,340
we can do sink, dishwasher over here
294
00:10:12,340 --> 00:10:13,870
and then we'll pop the fridge in right her.
295
00:10:13,880 --> 00:10:16,210
Great layout, much bigger kitchen, super open,
296
00:10:16,210 --> 00:10:17,810
it's going really nice.
297
00:10:17,810 --> 00:10:22,450
♪♪
298
00:10:22,450 --> 00:10:24,680
well, it's nice and red in here.
299
00:10:24,690 --> 00:10:26,750
What a difference in the space though, huh?
300
00:10:26,760 --> 00:10:28,320
Yeah, we got lucky with that closet.
301
00:10:28,320 --> 00:10:31,490
Totally works, huge shower, now let's design.
302
00:10:31,490 --> 00:10:35,000
So we have these, modern play on a subway,
303
00:10:35,000 --> 00:10:36,930
shower pan.
304
00:10:36,930 --> 00:10:38,330
So we have a few options.
305
00:10:38,330 --> 00:10:39,930
What are you feeling?
306
00:10:39,940 --> 00:10:41,270
I'm leaning towards this.
307
00:10:41,270 --> 00:10:43,470
This is definitely a risk, but I feel like this house
308
00:10:43,470 --> 00:10:45,670
has that kind of cool, hip feel to it.
309
00:10:45,670 --> 00:10:47,210
I think that is too busy
310
00:10:47,210 --> 00:10:48,610
and there's not enough natural light,
311
00:10:48,610 --> 00:10:50,480
and it just feels a bit claustrophobic,
312
00:10:50,480 --> 00:10:52,680
so I feel like in this bathroom it looks a little bit weird.
313
00:10:52,680 --> 00:10:56,120
This is a tough one.
314
00:10:56,120 --> 00:10:57,250
I agree with you.
315
00:10:57,250 --> 00:10:59,150
I think that we should do this white tile
316
00:10:59,150 --> 00:11:02,060
all along this wall with the same floor tile on both sides.
317
00:11:02,060 --> 00:11:03,560
I think we just got it.
318
00:11:03,560 --> 00:11:06,230
Vertical on this wall, right?
319
00:11:06,230 --> 00:11:09,260
Vertical right here, and do this entire wall.
320
00:11:09,260 --> 00:11:11,160
Perfect. And then shower pan.
321
00:11:11,170 --> 00:11:12,330
You want to do the gray shower pan?
322
00:11:12,330 --> 00:11:13,500
Yep. Got it.
323
00:11:13,500 --> 00:11:14,770
It's going to look beautiful.
324
00:11:14,770 --> 00:11:20,710
♪♪
325
00:11:20,710 --> 00:11:26,610
♪♪
326
00:11:26,620 --> 00:11:28,720
how's it going? Hey, you scared me.
327
00:11:28,720 --> 00:11:30,220
I love it.
328
00:11:30,220 --> 00:11:33,090
I'm very happy that we ended up with this tile, the gray tile.
329
00:11:33,090 --> 00:11:35,660
Yeah, the flooring, the way it plays off the shower walls.
330
00:11:35,660 --> 00:11:37,460
Everything ties together so nicely.
331
00:11:37,460 --> 00:11:38,490
It was definitely the right decision.
332
00:11:38,490 --> 00:11:40,360
You want to help? No.
333
00:11:40,360 --> 00:11:41,390
I'm okay. You sure?
334
00:11:41,400 --> 00:11:43,000
I'll leave you to it.
335
00:11:43,000 --> 00:11:46,800
♪♪
336
00:11:46,800 --> 00:11:50,400
oh, fingers! Ow!
337
00:11:50,410 --> 00:11:51,300
Wow!
338
00:11:51,310 --> 00:11:53,440
Pretty! I love the color.
339
00:11:53,440 --> 00:11:55,980
The color is beautiful and I love how they're inset.
340
00:11:55,980 --> 00:11:57,380
Oh, my gosh. I brought a lot of stuff.
341
00:11:57,380 --> 00:11:58,980
Okay.
342
00:11:58,980 --> 00:12:01,450
♪♪
343
00:12:01,450 --> 00:12:03,850
well, first off, we need to figure out
344
00:12:03,850 --> 00:12:06,320
what goes best with these cabinets.
345
00:12:06,320 --> 00:12:09,320
So let me see what you think.
346
00:12:09,320 --> 00:12:10,160
No. No.
347
00:12:10,160 --> 00:12:11,390
These cabinets are interesting
348
00:12:11,390 --> 00:12:13,260
because they pick up a lot of different tones.
349
00:12:13,260 --> 00:12:14,760
Like, depending where the light hits them,
350
00:12:14,760 --> 00:12:16,530
they almost could be, like, an olive green,
351
00:12:16,530 --> 00:12:18,100
and then I see a, just, gray back there,
352
00:12:18,100 --> 00:12:19,470
and there's hints of brown.
353
00:12:19,470 --> 00:12:23,370
So I feel like that blue, it picks up a really weird tone.
354
00:12:23,370 --> 00:12:25,210
The one on the left is a little too trendy
355
00:12:25,210 --> 00:12:26,370
and people might not like it.
356
00:12:26,370 --> 00:12:27,810
I think this is the one. It's simple.
357
00:12:27,810 --> 00:12:30,080
It's white, but I love that it has the detail in it.
358
00:12:30,080 --> 00:12:32,550
Yeah, it looks really pretty with the cabinets.
359
00:12:32,550 --> 00:12:33,650
Oh, that's going to be beautiful.
360
00:12:33,650 --> 00:12:34,680
Yeah. I like it.
361
00:12:34,680 --> 00:12:36,050
It has, like, a transitional vibe.
362
00:12:36,050 --> 00:12:37,150
Which countertop though?
363
00:12:37,150 --> 00:12:38,920
We should look at flooring and then decide.
364
00:12:38,920 --> 00:12:40,190
Let's do that.
365
00:12:40,190 --> 00:12:42,420
I would say with the cabinets, lighter is better.
366
00:12:42,420 --> 00:12:45,430
Do you think this one could actually look cool.
367
00:12:45,430 --> 00:12:46,790
That's my favorite. Okay.
368
00:12:46,800 --> 00:12:49,730
I love this one with the plain white quartz.
369
00:12:49,730 --> 00:12:51,560
Yeah, I really like how it plays off this.
370
00:12:51,570 --> 00:12:53,230
It has, like, that rustic feel.
371
00:12:53,240 --> 00:12:55,100
Yeah. Really pretty. Let's do that.
372
00:12:55,100 --> 00:12:56,770
Let's do this, this, this.
373
00:12:56,770 --> 00:13:01,370
So we have our backsplash, countertop, flooring throughout.
374
00:13:01,380 --> 00:13:03,110
Okay. I'll get it ordered.
375
00:13:03,110 --> 00:13:06,880
♪♪
376
00:13:06,880 --> 00:13:09,180
this is all fine, this way over. We just...
377
00:13:09,180 --> 00:13:11,920
Obviously we're going to paint the stucco to match the house.
378
00:13:11,920 --> 00:13:13,350
We'll add some flowers and plants.
379
00:13:13,360 --> 00:13:14,790
It'd be really nice to put some herbs in there.
380
00:13:14,790 --> 00:13:16,760
Herbs? Yeah, like a vegetable garden.
381
00:13:16,760 --> 00:13:18,220
Okay, here's what we'll do.
382
00:13:18,230 --> 00:13:19,490
I'll go let you talk to jeff to figure out what you want
383
00:13:19,490 --> 00:13:20,760
to do in the planters, totally up to you and him.
384
00:13:20,760 --> 00:13:22,530
The stones, the rocks, these look fine.
385
00:13:22,530 --> 00:13:25,570
Before we had this, like, covered patio-gazebo thing,
386
00:13:25,570 --> 00:13:27,230
and it's gone.
387
00:13:27,240 --> 00:13:29,340
Get rid of the concrete and put some plants.
388
00:13:29,340 --> 00:13:30,700
The concrete is staying.
389
00:13:30,710 --> 00:13:32,470
There's cracks, it's at different levels.
390
00:13:32,470 --> 00:13:33,540
It's like a trip hazard.
391
00:13:33,540 --> 00:13:34,770
We have no money in the budget.
392
00:13:34,780 --> 00:13:36,840
Like, times are changing.
393
00:13:36,850 --> 00:13:38,440
We can't just keep spending anymore.
394
00:13:38,450 --> 00:13:40,980
It's really, really tough.
395
00:13:40,980 --> 00:13:42,550
I get it.
396
00:13:42,550 --> 00:13:45,220
Buyers in this price range expect nicer patios.
397
00:13:45,220 --> 00:13:47,120
We need to do something about this concrete,
398
00:13:47,120 --> 00:13:50,020
but it can't be expensive, and it has to look amazing.
399
00:13:50,030 --> 00:13:51,620
This is going to be tricky.
400
00:13:51,630 --> 00:13:52,860
I'll figure it out back here.
401
00:13:52,860 --> 00:13:54,790
I'll surprise you. Perfect.
402
00:13:54,800 --> 00:13:58,730
♪♪
403
00:13:58,730 --> 00:14:00,170
this is lifting right here.
404
00:14:00,170 --> 00:14:01,840
It's lifting there. That's attached to the house.
405
00:14:01,840 --> 00:14:02,900
It's cracking there.
406
00:14:02,900 --> 00:14:04,570
What do we do with this disaster?
407
00:14:04,570 --> 00:14:08,070
Well, I would think you just tear it all out,
408
00:14:08,080 --> 00:14:09,580
re-pour new concrete.
409
00:14:09,580 --> 00:14:12,080
We're talking about removing all this concrete, demo, dump fees,
410
00:14:12,080 --> 00:14:14,050
and then we're going to have to pour new concrete.
411
00:14:14,050 --> 00:14:15,380
Now that's going to be a fortune.
412
00:14:15,380 --> 00:14:19,550
So to do everything you just said, $2,800.
413
00:14:19,550 --> 00:14:21,050
$2,800 just for this area?
414
00:14:21,060 --> 00:14:22,020
$2,800.
415
00:14:22,020 --> 00:14:23,260
There's got to be a better way.
416
00:14:23,260 --> 00:14:26,060
There has to be. I cannot spend almost $3,000.
417
00:14:26,060 --> 00:14:27,060
There's no way.
418
00:14:34,200 --> 00:14:37,840
♪♪
419
00:14:37,840 --> 00:14:40,010
I cannot spend almost $3,000.
420
00:14:40,010 --> 00:14:41,070
What's our other solution?
421
00:14:41,080 --> 00:14:43,410
We could go put mulch in here.
422
00:14:43,410 --> 00:14:45,680
We can run some rock maybe through these cracks
423
00:14:45,680 --> 00:14:47,010
that are through here.
424
00:14:47,020 --> 00:14:48,680
Don't get me wrong, your concrete still looks ugly,
425
00:14:48,680 --> 00:14:50,980
but it's definitely a lipstick on the pig option.
426
00:14:50,990 --> 00:14:54,420
It'd probably be about $400.
427
00:14:54,420 --> 00:14:55,990
It's really just throwing away $400
428
00:14:55,990 --> 00:14:58,120
if not more because buyers are going to walk back here
429
00:14:58,130 --> 00:14:59,630
and this is not what they're going to expect.
430
00:14:59,630 --> 00:15:01,330
And if they don't get what they're expecting,
431
00:15:01,330 --> 00:15:02,460
they're not going to buy the house.
432
00:15:02,460 --> 00:15:05,570
Your other option, tear it up, pour new.
433
00:15:05,570 --> 00:15:07,070
If we're going to spend the money,
434
00:15:07,070 --> 00:15:08,800
we can do a little bit extra so it just doesn't look like
435
00:15:08,800 --> 00:15:10,340
boring bland concrete is my thought.
436
00:15:10,340 --> 00:15:12,110
Okay. So here's what I'm thinking then.
437
00:15:12,110 --> 00:15:13,370
Watch your shoes.
438
00:15:15,510 --> 00:15:21,210
So if that's my outside, what if we did band on the inside
439
00:15:21,220 --> 00:15:22,520
that's solid.
440
00:15:22,520 --> 00:15:23,980
I like that.
441
00:15:23,990 --> 00:15:29,220
Kind of run some diamond scores, that way it's just not so plain.
442
00:15:29,220 --> 00:15:30,260
That's going to look nice.
443
00:15:30,260 --> 00:15:31,360
I mean, I feel better about it now.
444
00:15:31,360 --> 00:15:32,690
If I'm spending that kind of money,
445
00:15:32,690 --> 00:15:34,060
we're going to have a beautiful designed patio.
446
00:15:34,060 --> 00:15:35,430
That's what people are going to expect and I think
447
00:15:35,430 --> 00:15:36,900
it will help us get the most amount of money possible,
448
00:15:36,900 --> 00:15:38,260
which is what we're trying to do.
449
00:15:38,270 --> 00:15:39,800
Yep. All right. Let's do it.
450
00:15:39,800 --> 00:15:41,770
Good deal.
451
00:15:41,770 --> 00:15:48,110
♪♪
452
00:15:48,110 --> 00:15:54,480
♪♪
453
00:15:54,480 --> 00:15:56,080
throw this thing in here? Yeah, buddy.
454
00:15:56,080 --> 00:15:57,620
A little bit of adhesive down.
455
00:15:57,620 --> 00:16:00,120
Watch your fingers.
456
00:16:00,120 --> 00:16:02,120
You on there?
457
00:16:02,120 --> 00:16:04,590
Man, this island looks killer.
458
00:16:04,590 --> 00:16:06,290
Once we get the backsplash in with that really cool
459
00:16:06,290 --> 00:16:08,490
3-d design, it's going to be awesome in here.
460
00:16:08,500 --> 00:16:10,200
I think this house is going to sell fast.
461
00:16:10,200 --> 00:16:12,170
It looks like a good house.
462
00:16:12,170 --> 00:16:19,610
♪♪
463
00:16:19,610 --> 00:16:21,410
hi. Hey, I got a question.
464
00:16:21,410 --> 00:16:23,740
Don't those look kind of green like the color of your shirt?
465
00:16:23,750 --> 00:16:26,180
It's going to look better once all the tiles are up
466
00:16:26,180 --> 00:16:27,310
and the walls are painted.
467
00:16:27,320 --> 00:16:28,780
No, no. I actually kind of like it.
468
00:16:28,780 --> 00:16:30,120
I like how it plays off the floor.
469
00:16:30,120 --> 00:16:32,450
It has a cool, like, rustic, modern vibe.
470
00:16:32,450 --> 00:16:33,750
What do you think about that backsplash?
471
00:16:33,760 --> 00:16:35,560
It's actually a little more simple
472
00:16:35,560 --> 00:16:38,020
than I thought it would be, but it looks good.
473
00:16:38,030 --> 00:16:43,230
♪♪
474
00:16:43,230 --> 00:16:45,030
oh, painting are we?
475
00:16:45,030 --> 00:16:46,270
Oh, yeah.
476
00:16:46,270 --> 00:16:48,300
I picked some pretty cool colors.
477
00:16:48,300 --> 00:16:49,670
What's that orange I see?
478
00:16:49,670 --> 00:16:51,540
I was thinking we're going to do body of the house
479
00:16:51,540 --> 00:16:52,870
gray, white trim.
480
00:16:52,870 --> 00:16:54,840
Front door, orange.
481
00:16:54,840 --> 00:16:56,140
I know you...
482
00:16:56,140 --> 00:16:59,110
Or just keep it simple and we stick with the black.
483
00:16:59,110 --> 00:17:00,880
I like the orange.
484
00:17:00,880 --> 00:17:02,050
The orange might work.
485
00:17:02,050 --> 00:17:03,280
It's kind of cool, kind of different.
486
00:17:03,280 --> 00:17:04,320
What else are we doing out here?
487
00:17:04,320 --> 00:17:05,650
It's looking a little sparse.
488
00:17:05,650 --> 00:17:07,390
Pretty much wherever you see bare areas,
489
00:17:07,390 --> 00:17:09,720
we can add much and flowers and some plants.
490
00:17:09,720 --> 00:17:10,890
Okay.
491
00:17:10,890 --> 00:17:13,160
House gray, white trim, orange door, done.
492
00:17:13,160 --> 00:17:14,130
Game plan.
493
00:17:14,130 --> 00:17:23,140
♪♪
494
00:17:23,140 --> 00:17:24,570
tarek: This house looks way better.
495
00:17:24,570 --> 00:17:25,940
Christina: It has a rustic feel now especially
496
00:17:25,940 --> 00:17:28,040
with the front door color.
497
00:17:28,040 --> 00:17:29,740
Hi, how's it going? Hi, how are you?
498
00:17:29,740 --> 00:17:30,840
Good! How you doing?
499
00:17:30,850 --> 00:17:32,980
I'm john kohaut, I'm getting ready
500
00:17:32,980 --> 00:17:34,480
to list the house across the street
501
00:17:34,480 --> 00:17:36,720
and was hoping that I could find out some information
502
00:17:36,720 --> 00:17:38,220
about what you guys have going on?
503
00:17:38,220 --> 00:17:39,590
Which one across the street?
504
00:17:39,590 --> 00:17:40,950
It's two stories.
505
00:17:40,960 --> 00:17:42,790
The one literally two doors down to the right?
506
00:17:42,790 --> 00:17:44,490
Yeah, with the two dormers.
507
00:17:44,490 --> 00:17:47,430
We just got to make sure we don't list it at the same price.
508
00:17:47,430 --> 00:17:49,060
That flip is definitely haunting you.
509
00:17:49,060 --> 00:17:51,430
First we show up and it's, like, right across the street,
510
00:17:51,430 --> 00:17:52,800
and now it's coming back on the market.
511
00:17:52,800 --> 00:17:54,400
Well, clearly he came over because he knows
512
00:17:54,400 --> 00:17:56,100
we remodeled the house and he's dying to know
513
00:17:56,100 --> 00:17:57,600
what we're going to list the house for.
514
00:17:57,610 --> 00:17:59,170
Right, aren't you dying to know what he's listing it for?
515
00:17:59,170 --> 00:18:01,710
Yes, because if we come in way too high,
516
00:18:01,710 --> 00:18:03,340
and they come in lower, we're going to look really bad
517
00:18:03,340 --> 00:18:05,180
and we're going to sit on the market and not sell.
518
00:18:05,180 --> 00:18:07,610
So what were you guys planning on listing the house for?
519
00:18:07,620 --> 00:18:09,820
Somewhere north of $750,000.
520
00:18:09,820 --> 00:18:13,290
What about you? Well, good question.
521
00:18:13,290 --> 00:18:14,450
When you are you guys listing?
522
00:18:14,460 --> 00:18:15,960
Within the next week.
523
00:18:15,960 --> 00:18:17,490
How about you?
524
00:18:17,490 --> 00:18:19,290
Within the next week? So you sure you don't want
525
00:18:19,290 --> 00:18:20,760
to tell me what you're listing it for?
526
00:18:20,760 --> 00:18:22,030
You won't tell me!
527
00:18:22,030 --> 00:18:25,030
Well, we're not making a lot of progress here.
528
00:18:32,110 --> 00:18:35,880
♪♪
529
00:18:35,880 --> 00:18:37,510
are you sure you don't want to tell me what your listing for?
530
00:18:37,510 --> 00:18:39,050
Yes, I'm sure. All right.
531
00:18:39,050 --> 00:18:40,850
Well, we're going to be coming on the market the next few days.
532
00:18:40,850 --> 00:18:42,380
Okay. Once I see the sign in the yard
533
00:18:42,380 --> 00:18:44,050
I'll give you a call, figure out what you're listing at.
534
00:18:44,050 --> 00:18:45,850
Absolutely. So nice to meet you.
535
00:18:45,850 --> 00:18:47,190
You too. Nice meeting you.
536
00:18:47,190 --> 00:18:49,390
Good luck. All right.
537
00:18:49,390 --> 00:18:52,760
So the numbers on the house: We paid 565,000,
538
00:18:52,760 --> 00:18:56,600
so with the rehab and the staging we spent about $93,000.
539
00:18:56,600 --> 00:19:00,330
Our break-even is going to be $688,000.
540
00:19:00,340 --> 00:19:01,870
All the comps I'm finding are up the hill,
541
00:19:01,870 --> 00:19:03,070
and it sells for more that way,
542
00:19:03,070 --> 00:19:04,840
and those are selling in the high sevens.
543
00:19:04,840 --> 00:19:06,440
So what do you want to list this place for?
544
00:19:06,440 --> 00:19:07,770
That house is better than this house.
545
00:19:07,780 --> 00:19:09,280
He thinks upper sevens.
546
00:19:09,280 --> 00:19:11,280
So for sure I say we don't go above eight.
547
00:19:11,280 --> 00:19:13,150
What do you want to do?
548
00:19:13,150 --> 00:19:15,010
I think $799,900.
549
00:19:15,020 --> 00:19:16,420
Oh, my gosh.
550
00:19:16,420 --> 00:19:17,820
You just said that house is nicer.
551
00:19:17,820 --> 00:19:19,720
Now he's going to come on the market lower than us.
552
00:19:19,720 --> 00:19:22,390
I'm going $799,900.
553
00:19:22,390 --> 00:19:23,960
All right.
554
00:19:23,960 --> 00:19:25,560
You're the boss.
555
00:19:25,560 --> 00:19:32,100
♪♪
556
00:19:32,100 --> 00:19:38,700
♪♪
557
00:19:38,710 --> 00:19:39,970
hey! When I was pulling up,
558
00:19:39,970 --> 00:19:41,940
I saw that the neighbor has a for sale sign.
559
00:19:41,940 --> 00:19:43,840
Tell me they listed higher than us.
560
00:19:43,850 --> 00:19:46,650
They listed at 765,000.
561
00:19:46,650 --> 00:19:47,880
And we're at $799,000.
562
00:19:47,880 --> 00:19:49,320
Yeah. That's crazy.
563
00:19:49,320 --> 00:19:51,020
I'm seriously thinking about dropping the price
564
00:19:51,020 --> 00:19:52,220
right now, like...
565
00:19:52,220 --> 00:19:54,250
Well, let's see how today goes, and...
566
00:19:54,260 --> 00:19:55,220
Oh, my gosh.
567
00:19:55,220 --> 00:19:57,790
Well, hopefully it looks beautiful.
568
00:19:57,790 --> 00:20:00,830
[ sighs ]
569
00:20:00,830 --> 00:20:03,530
I'll tell you what, that fireplace
570
00:20:03,530 --> 00:20:05,830
was the worst thing in this house.
571
00:20:05,830 --> 00:20:07,770
It blocked the entire view. It looks so much better.
572
00:20:07,770 --> 00:20:09,470
I mean, the space is amazing.
573
00:20:09,470 --> 00:20:11,900
The two-tone cabinets look perfect.
574
00:20:11,910 --> 00:20:14,470
Love them, love the backsplash, it's really pretty.
575
00:20:14,480 --> 00:20:16,410
You know what I love about the backsplash is, like,
576
00:20:16,410 --> 00:20:18,010
the three-dimensional look. It really pops.
577
00:20:18,010 --> 00:20:20,410
I like how there's an eat-in kitchen area over here,
578
00:20:20,420 --> 00:20:22,780
formal dining room, all the beautiful windows.
579
00:20:22,780 --> 00:20:25,320
Oh, did I tell you that I had them redo the concrete?
580
00:20:25,320 --> 00:20:27,350
Oh.
581
00:20:27,360 --> 00:20:29,290
This actually looks cute out here.
582
00:20:29,290 --> 00:20:30,420
Great decision.
583
00:20:30,430 --> 00:20:32,790
And most importantly, I love the herbs.
584
00:20:32,790 --> 00:20:34,060
Beautiful, beautiful.
585
00:20:34,060 --> 00:20:37,760
I love how they staged it with all these plants.
586
00:20:37,770 --> 00:20:39,300
The bathroom looks nice.
587
00:20:39,300 --> 00:20:41,670
I love, love the coloring.
588
00:20:41,670 --> 00:20:43,040
You know, everything looks very big.
589
00:20:43,040 --> 00:20:45,100
It looks very contemporary.
590
00:20:45,110 --> 00:20:46,240
All right. The master.
591
00:20:46,240 --> 00:20:47,470
The closets are huge.
592
00:20:47,480 --> 00:20:50,110
This room looks really nice, a beautiful view.
593
00:20:50,110 --> 00:20:51,910
I love this.
594
00:20:51,910 --> 00:20:53,680
The design looks amazing.
595
00:20:53,680 --> 00:20:55,050
It really did come together.
596
00:20:55,050 --> 00:20:56,950
Removing that closet was definitely the right decision.
597
00:20:56,950 --> 00:21:00,990
I am probably 95 percent sure
598
00:21:00,990 --> 00:21:03,160
we're going to have to reduce the price.
599
00:21:03,160 --> 00:21:06,390
Well, let's set up and see what people have to say.
600
00:21:06,390 --> 00:21:08,630
Woman: This is beautiful.
601
00:21:08,630 --> 00:21:11,100
Woman: I like that blue-gray color.
602
00:21:11,100 --> 00:21:13,170
Oh, my gosh.
603
00:21:13,170 --> 00:21:16,470
Wow. This is beautiful.
604
00:21:16,470 --> 00:21:18,300
I like the color of the floors especially.
605
00:21:18,310 --> 00:21:20,570
Like the white, I don't see it that often.
606
00:21:20,580 --> 00:21:23,310
And look at this countertop and the tile,
607
00:21:23,310 --> 00:21:25,310
kind of simple, but pizzazzy.
608
00:21:25,310 --> 00:21:27,480
Wonderful area out here, maybe we can put a fire pit?
609
00:21:27,480 --> 00:21:29,480
You could plant a lot of good stuff back here.
610
00:21:29,480 --> 00:21:30,650
Tarek: The open house went great,
611
00:21:30,650 --> 00:21:32,320
but to be competitive with my old flip,
612
00:21:32,320 --> 00:21:33,850
I had to drop the price.
613
00:21:33,860 --> 00:21:37,390
And I ultimately sold the house for $770,000.
614
00:21:37,390 --> 00:21:39,130
After closing costs and commission,
615
00:21:39,130 --> 00:21:40,630
if this deal goes through,
616
00:21:40,630 --> 00:21:43,830
we stand to make a profit of almost $80,000.
617
00:21:43,830 --> 00:21:45,870
Time to find another house to flip.
45232
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