Flipping Houses Is Simple!! Maximize Profits With These Fixes

Ever wish life was easier? Easy money, effortless relationships, a cushy job. It all sounds perfect, right? But the truth is, an easy life can be as harmful as sugar to a diabetic. When the world moves forward, they're left behind. If you want more than an easy life, let's talk about why the The hard path is the one worth taking. Just like flipping houses, it's simple, but it's not easy. Sure, the formula is straightforward: buy low, renovate, sell high. But in reality, it's filled with challenges. That's where it all gets exciting. Let's dive in and break it down. Welcome to this flip. We're going to take a walk through, and I'm going to show you what I see and what are the important things to do in a flip. First thing I would say is painting all the way around, and I'm not talking about a particular order because there is a particular order in flipping. But literally, we're just going to walk around. I'm just going to point some things out: painting, flooring. As you can see, the carpeting is. Pretty, pretty bad shape here. All that gets removed and I end up installing vinyl flooring throughout. Kitchens and bathrooms, the same thing. Vinyl flooring is pretty hardy and it can kind of go anywhere and it keeps that same flow going from one room to the other. So as we come into this home, we have a normal living room area. Here we have a dining room area here, and as you can see as I'm walking around, I'm also kind of looking up and you can see that there is some— used to be some water damage here. Obviously there's a stain there and you can see I'm told by the seller that it was corrected, but still the stain's there and there's a couple more stains here. This is It's about a '70s chandelier, so that's something that's going to need to be replaced and put in a more modern fixture. We'll come into the kitchen here, and the kitchen is very unique in this property. Large kitchen with an island, and as you can see, really, really dark cabinets, dark tile. All this gets removed. I don't like to keep the old cabinets. They're, you know, they're basically plywood, and then inside is pressed wood in here. So it's not something that, you know, I wouldn't even consider painting this at all. So it's something that just needs to be replaced. So I would literally tear all this stuff out and replace it. Probably keep the center island here. In fact, maybe make the center island a bit larger. As you look up, you can see that these are old fluorescent lights. That has to go. I put can lights all over, and in here I would put can lights literally all the way down into this extra room that we're going to talk about. One of the features back in the '70s and the '80s was literally a barbecue grill inside the house, and that's what you're looking at here. Obviously something like this is not modern. All this would be removed, and we just put extra storage space here. We have a pantry, that's the pantry door, and then we walk into kind of a A family room area in the middle here, and then this is a sunken family room as well. We've got traditional '70s wet bar. I would remove that. It's just kind of an eyesore sitting out in the middle of the room here. No need really to have a wet bar. If you, if you wanted a wet bar, take this and put it over towards that wall. And then you can keep it, but honestly, it's not, it's not something modern that people would want to put. So the next decision is, do we want to make all this flooring the same level? So you could take this area and literally pour cement so that it's level with the rest of the area, and you don't have this, you know, potential trip hazard here. Going up or coming back down, trip hazard. I would probably end up opting to just level this up so that it's all level, one level. The fireplace, red brick is not in fashion anymore, so all that has to be removed and put in a lot better fireplace. The tile background, whatever it is that you want to use to make it look nicer. Again, we're looking up at the ceiling here. These are what I call popcorn ceilings. All that stuff needs to be removed. That's old-fashioned and just not, you know, something that you want to leave that you could sell the property. As we go back here, there's a bedroom downstairs. So we have a bedroom downstairs here, which is really nice. This place has 4 bedrooms, 3 bedrooms upstairs, 1 bedroom downstairs, and there's also a large bonus room upstairs as well. So this is pretty awesome, you know, but at the end of the day, a bedroom is a bedroom is a bedroom. You got 4 walls basically. This is from Marcos Lopez saying, I'd love to bring more deals like this to the table if the numbers work for you. Windows, these are single-pane windows. All the windows, all the sliding glass doors are to be replaced with double-pane for energy efficiency, and also they open up a lot nicer than the single panes. Popcorn ceilings again removed, and then the The closet that's over here, so wardrobe closet, I would take these doors out and put mirrored doors in. The mirrored doors make it look a lot larger, so that's what I would do in this room. Not a lot of expenses in this room, very little, but at the end of the day it's going to make it look nice. Downstairs bathroom here has been remodeled. They did not do a bad job, actually did a great job. They lowered this because there was an elderly person, so this is literally a walk-in shower. Okay, so there's no step here to step in, it's literally the same. They did a good job, they tiled it, you know, it looks very nice. They put a nice new vanity in here, some fixtures. A new toilet. This bathroom is probably going to end up at the end of the day staying the way it is because they did a good job on the rehab. The doors, these are all flat panel doors. I always replace the doors, either use 6-panel doors or something more modern than this. This just doesn't look appealing when especially we're asking $1.2 million for this fixer. And at the end of the day, it's probably worth $1.6 million. So if you go in and buy it at the $1.2 million, you're probably going to put $100,000 to $150,000 on this flip, and then at the end of the day sell it for $1.6 million. So there's a potential to make about $100,000 on this property, but when you're selling it at $1.6 million, you have to make it look like a $1.6 million. $1,000 property. This is not a condo. You can't get away with just the flat panel doors. And then the laundry room here. So it's got its— it's got a separate laundry room and then a door, a door out to the garage, 2-car garage out this way. I know it's really dark. You can't even see the, the cars out there. In here, pretty much going to remain the same. I We'll probably replace these cabinets because again these are original, they're old-fashioned. Put something, you know, new in here that matches the rest of the cabinets you're going to put in the kitchen, so kind of keep the same theme. The flooring, this is tile flooring. Again, I like to do vinyl throughout, so I would probably tear this out, but I mean that's up to you if you want to save a little bit of money. This tile flooring is not bad. It's not the little squares. These are probably, I'd say, 16-inch squares, so it's a little bit more modern. I'm not too thrilled with the color, but it does match what's here, matches what's in the bathroom. So if you just wanted to leave these 2 areas the way they are, you could probably get away with that. But again, we're talking $1.6 million. You need to make it look like $1.6 million. Okay. We kind of, we kind of went through this area. This is the entry to the house, and then we have the stairs over here that go upstairs, and there's 3 bedrooms upstairs and then a large bonus room. And again, bedrooms are just bedrooms, really, you know, fix the door, put in new closet doors, New flooring, new painting, not, not a lot. You're going to spend most of your money on the kitchens and the bathrooms. Okay, the bathroom upstairs, which is in the master area, which is probably where this leak came from, that needs to be totally redone. And then there's another smaller bathroom upstairs. You got 3 bathrooms in this home, and then obviously the one downstairs, it's already been redone, but That's what I look for in a flip. And again, probably $100,000 to $125,000 to flip this house and put in all brand new material. And at the end of the day, make it look like a $1.6 million house. Flipping houses may be simple, but it's far from easy. And that's exactly what makes it worth it. Just like anything else in life, the hardest paths often lead to the biggest rewards. If you're looking for a shortcut, you only end up where everyone else does— stuck. But if you're ready to put in the work, the results can be life-changing. So the next time you think about taking the easy road, remember: what comes easy doesn't last, and what lasts never comes easy. For watching, and if you're ready to challenge yourself, subscribe for more insights on turning hard work into real profits.