In this walkthrough, Nathan Payne and a property owner inspect a two‑bedroom house being considered for a wholesale deal. The exterior appears modest, but the interior reveals extensive problems: 60 tons of accumulated debris, original maple flooring, no air‑conditioning, a malfunctioning swamp cooler causing mold and water damage, and a generally trash‑like condition that would require a full remodel. The seller’s claim that the house only needs carpet and paint is contradicted by the need for major structural, HVAC, and cosmetic repairs. Payne concludes the property is likely better suited as a rental rather than a fix‑and‑flip at the seller’s asking price. He stresses the importance of in‑person inspections and using photos/video as concrete evidence when negotiating with sellers, warning against relying solely on seller statements.
Chapters
So multiple investors involved. Hey, that's just how it is. That's what it looks like. And just from looking on the outside, roof looks okay. If you're gonna sell this thing for top dollar, you're gonna have to, you know, fix the siding, kind of maybe even paint it. You got the screens, the windows are okay. You're going to need to landscape it too. Like, if you want to sell this thing for top dollar, you're going to have to fix the yard. So this might not be the best option for a fix and flip at the price that the seller wants. You're probably going to have to— this would be a rental. Okay. Yeah, that's fine. Kind of take us through a little tour if you can, and I'll see kind of what work needs to be done.
So here's the garage.
Okay.
And this is a fraction of what was in here.
Yeah, you said you had 30 tons of stuff?
60 tons.
60 tons? You can see this probably we need to redo. This is probably for Mike.
Yeah, it's just wood.
The cabinets aren't bad, but floors— are these original? Do you know if they're original wood?
They're original maple.
Yeah, backyard, decent size.
Yeah, it's a reasonable size, I think. So here, we'll work our way down. So my wife decided she wanted to rip out the flooring and put a new floor in. Okay. Gotta probably do this one.
All right, go down. There's maybe some old model here.
Next bed. Laundry.
It's even deeper down there.
Cool.
I'm assuming down there there's probably more of the same.
Just 2-bedroom at the end, storage on the right.
This is probably gonna take more than a month or 2 to get out all this stuff out for you if you guys just did it alone, you know? Okay, so this is—
yeah, furnace, but it also has no AC. Cooler or, uh, water cooler is new.
We get kind of an idea of this thing. We just have to like get it completely clean out completely and just redo it all.
Yeah.
Well, I'm going to talk to Michael about what I can offer. I got to run my numbers, but yeah, he was wanting a lot more than—
I mean, what he was asking for more than what, unfortunately, the house is worth at the moment.
So I'll reach out. It's nice meeting you, brother.
You too. Best of luck. All right. Have a good day, you guys.
Yeah, you too.
Yeah.
That is a perfect example of why you would want to go see a house in person. The seller told me that the house just needed carpet, paint. We go inside, the house is absolutely trash. It needs a complete remodel. Mold, water falling down, leaking. You got the swamp cooler that's destroying the house, you know, flooring. It's just completely destroyed. So you can never really take a seller's word for the condition of the house unless you can get pictures or go see the house yourself. Now when I go talk to the seller, I have I don't want to say ammo to like kind of attack them, but it's more of like I have more information to say, hey, look, have you seen this house? I can show you the pictures. I can send you the video that I took. This house needs a complete rehab. These are the options that I see available to us right now.
