LITERALLY flipping a house (Video) and the after picture

DL Martin
Rental Property Investor · Cincinnati, OH · Member since 2013 · 292 posts · 280 votes
12y
@Account Closed
Good Lord ! LOL
Oh, and very nice finished product. I almost forgot the compliment. : )
0 Reply
Tim G.
Flipper/Rehabber · Miamisburg, OH · Member since 2014 · 161 posts · 64 votes
12y
HA! Awesome!
0 Reply
Dawn AnastasiPro Member
Rental Property Investor · Milwaukee, WI · Member since 2013 · 6k+ posts · 4k+ votes
12y
+1
Podcast Guest on Show #29
0 Reply
Tommy DeSalvo
Real Estate Agent · Cincinnati, OH · Member since 2014 · 86 posts · 14 votes
12y
If only all demo was so easy.
1 Reply
Cody Brownfield
Real Estate Investor · Middletown, OH · Member since 2014 · 30 posts · 14 votes
12y
@Account Closed That is awesome. The finish product looks great. I wouldn't mind seeing more photos
0 Reply
Account Closed
OP
Real Estate Investor · Cincinnati, OH · Member since 2014 · 55 posts · 26 votes
12y
@Cody Brownfield Here is a virtual tour of the house(link below). It works exactly the same as google maps street view. you can navigate through the house and look around. One of my tenants works for google and did this for me for free.
Virtual Tour
If anyone else is wondering he only charges 300-500 bucks for this service. On a flip it could really help your marketing. Here is a link to his FB page. https://www.facebook.com/ShuttersEdge
0 Reply
Joe Fernandez
Lebanon, OH · Member since 2014 · 15 posts · 2 votes
12y
@Account Closed
Talk about efficient! LOL, that looked like fun. Did you use someone's truck to pull it down?
0 Reply
Account Closed
OP
Real Estate Investor · Cincinnati, OH · Member since 2014 · 55 posts · 26 votes
12y
That last link didn't work so here is attempt #2
https://www.google.com/maps/@39.236738,-84.540108,...
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Account Closed
OP
Real Estate Investor · Cincinnati, OH · Member since 2014 · 55 posts · 26 votes
12y
@Joe Fernandez We did. We have a dump truck with a 100 foot cable ran up through a Y in a tree and then out to the street. We were saving the floor so we needed the house to flip off the foundation with out touching it. We did this by putting in some bracing and running the cable through a Y in the tree. Pretty unconventional but it was defiantly fun!
0 Reply
Jerry W.Pro Member
Moderator
Investor · Thermopolis, WY · Member since 2012 · 4k+ posts · 4k+ votes
12y
A little fun makes the job so much better. Good job.
0 Reply
Cody Brownfield
Real Estate Investor · Middletown, OH · Member since 2014 · 30 posts · 14 votes
12y
@Account Closed That tour was awesome. You did a great job with the house. It looks very well done.
I like watching the transformation from this view: https://www.google.com/maps/@39.236586,-84.54015,3...
to this view: https://www.google.com/maps/@39.236691,-84.540109,...
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Christine P.
Real Estate Agent · Westminster, CO · Member since 2013 · 50 posts · 16 votes
12y
What a creative way to demo! Well done!
0 Reply
Daniella Ortiz
Real Estate Investor · austin, TX · Member since 2014 · 57 posts · 7 votes
12y
amazing! I am new to rei. Do your builders buy the materials like cabinets and new flooring for you? Or do you buy them yourself and find people to install...where do you find people to install and renovate? Where do you purchase the cabinets and flooring etc.
Great, great job! You should be proud
Daniella Ortiz
0 Reply
Joe Demonte
Contractor · Chicago, IL · Member since 2013 · 105 posts · 28 votes
12y
That google map 360 panorama view is BRILLIANT! That is really creative and smart. Seriously, bravo.
And great job on the rehab! The inside looks fantastic, along with the structural joists in the basement. Good lighting coming through down there.
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Luke W.
Investor · Edmond, OK · Member since 2011 · 166 posts · 31 votes
12y
Wow, that virtual tour was fantastic. I need to start doing that!
0 Reply
Account Closed
OP
Real Estate Investor · Cincinnati, OH · Member since 2014 · 55 posts · 26 votes
12y
Thanks everyone!
@Daniella Ortiz Myself my business partner and one helper do ALL the work ourselves. I buy most of my materials from the big box stores.
One cool thing about this house is that it was 130 years old so the floor joist were 3"x10"x18' Old growth white oak. we had to remove them due to 130 years of warp. However we sold them all off to a furniture maker for some nice additional income.
Here is a picture of the inside during demolition.
0 Reply
Jessica H.Pro Member
Flipper/Rehabber · Easton, PA · Member since 2013 · 224 posts · 36 votes
12y
Wow! That is cool and very nice job!
0 Reply
Coleman Nelson
Rental Property Investor · Cincinnati, OH · Member since 2014 · 150 posts · 59 votes
12y
@Account Closed
That's pretty awesome. How much does a total renovation like that cost you? I imagine not very much since you do all the labor.
0 Reply
Account Closed
OP
Real Estate Investor · Cincinnati, OH · Member since 2014 · 55 posts · 26 votes
12y
@Coleman Nelson If you remember from the dinner I said I bought a house for $7,000 that in hindsight I shouldn't have have bought it for $0. Well this is it.
I am very proud of this house as a contractor and not so much as an investor. I purchased the house for $7,000 at a tax auction and put $55,000 into it. I have it rented now for $1,100 a month. Not bad numbers right? WRONG It took me and my business partner 4 months to do the needed rehab. 4 months of skilled labor at no cost. If I would have paid Subs to do all this work the rehab would have cost $130,000.
0 Reply
Daniella Ortiz
Real Estate Investor · austin, TX · Member since 2014 · 57 posts · 7 votes
12y
wowwwwwww. You guys rock!
0 Reply
Tim G.
Flipper/Rehabber · Miamisburg, OH · Member since 2014 · 161 posts · 64 votes
12y
@Account Closed The Google virtual tour is amazing! I will keep that in mind for the future!
As for the numbers....yea, the labor part doesn't help. But you'll eventually break even and then its all profit! :-)
BTW - I closed on my flip yesterday. Working on the success story post now!
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Michael Westberry
Wholesaler · Rock Hill, SC · Member since 2014 · 137 posts · 30 votes
12y
WOW! Great job guys cool video and awesome finished house!
0 Reply
Account Closed
OP
Real Estate Investor · Cincinnati, OH · Member since 2014 · 55 posts · 26 votes
12y
@Tim G. Nice! I look forward to reading about the millions you made!
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