Steve D Valentine walks through prepping a house flip: decide whether to sell as-is or renovate, then spend 30 days getting bids on major systems like sewer, HVAC, and roof before you demolish. Rush the numbers and you'll blow your budget.
Chapters
Before you go, start moving walls. Like, we know that this one can go either way, right? It can either be cleaned out, sold as is or renovated. If we're going to renovate in that, you know, our 30 day as is time period where we're trying to sell it as is doing the investor open house, we want to go through and get bids on everything. So this house was built 1980 or close to it. I want the sewer scoped, right? I want the H Vac checked. I want the roof checked. And basically looking at all the major mechanical because those are all the expensive things that can toss your budget. And what the typical person does. Like we close on this next Monday and they've got Christian here with hammer and a dumpster, like just tearing the freaking sh. T Out of the place. They don't know their spreads. They don't know what the numbers are. They don't know any of that. And like what we did in our training the other day, well, if I bought it at this, I'm effed. If I put this much money into it.