Aug. 23, 2023

Angela Makes 27k First Flip Profit as a Side Business in Detroit

Angela, one of our FlipSisters coaching program members near Detroit, made an impressive 16% profit on her first house flip, all while juggling the demands of being a busy mom and a working a full-time job! 

She walks us through:

  • How she found the deal
  • How she financed it
  • How she handled the challenges that came up (as they do!)
  • Her 3 biggest lessons (GOLDEN)
  • How her sale was almost derailed by a very low appraisal
  • How they saved the sale

and so much more! 

Join us for this inspiring and insightful exploration of Angela's house flipping journey, rich with tips that both beginners and seasoned investors will find invaluable.

GOODIES

1. THE book on women flipping houses is here! Click here to grab the digital download of my new book for just $4.99! Just as everything else we do is different, so is FLIPPED: Lessons and Stories of Women Flipping Houses and Facing Their Fears.

2. Sick of sitting on the sideline watching other people do the thing you want to be doing? Are you FINALLY ready to do what it takes to flip your first house and want incredible step-by-step training and support to get you there faster? Click here to see if we may be a fit to work together.

3. Follow That Flip! Follow this 8-part video series as we flip a house!

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The Flipsisters
Leaving people and places better than we find them.

00:01 - Successful House Flip With Angela

14:39 - Finding the Right Contractor and Timeline

18:51 - Real Estate Sale Surprises and Challenges

27:52 - Tips and Strategies for Flipping Houses

33:27 - Renovating a Loved Home for Profit

45:17 - Empowering Women in House Flipping

WEBVTT

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You're listening to the Flip Houses Like a Girl podcast, where we educate, empower and celebrate everyday women who are facing their fears, juggling family and business, embracing their awesomeness and wholeheartedly chasing their dream of flipping houses.

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Each episode delivers honest to goodness tools, tips and strategies you can implement today to get closer to your first or next successful house flip.

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Here's your spiky haired breakfast taco loving host, house flipping coach, Debbie DeViery.

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Hey there, thanks for hanging out with us today.

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So we're going to talk with Angela, who is one of our flip sisters in the Detroit, michigan area, and we get to do a deep dive.

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On her first flip, she made an incredible 16% profit.

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So, based on the sales price, 16% of that was her profit.

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Just for reference, best practice is 10%.

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So anything above 10% is awesome, 10% is awesome.

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Anything above it is even more awesome.

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And that was on the side of her being a busy mom and having a full-time job.

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So we're going to hear issues that came up, problems she had to solve.

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It was pretty smooth sailing until she went under contract to sell and she had a surprise appraisal that almost derailed the whole thing.

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So she'll tell us how they saved the deal and the buyer got to move forward with the purchase.

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But it got a little bit tricky there and it got a little bit scary there.

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And we're also going to talk about the biggest lessons she learned.

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She shares three great lessons that are important for beginners and seasoned investors alike.

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All right, let's get into this conversation.

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You're going to love her.

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She's fantastic and we call her Angela with the Cool Kicks.

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Here we go.

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You know the drill you want to introduce yourself and let us know who you are, where you are and what you're up to in the world.

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My name is Angela and I live in Metro Detroit, just a couple suburbs outside of the city.

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I'm a mom of a sixth grade boy, first year of middle school.

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Big changes over here.

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Oh my gosh, I can't even with what happened in the sixth grade.

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It was crazy.

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It's a big change, it's a big adjustment.

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Yeah, I'm a single mom, but saying that doesn't give enough credit to his dad, because he's got a great dad.

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You know week on, week off, but yeah, I've got a child and a full-time job, so I do keep pretty busy.

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Okay, so you're working full-time.

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I am.

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Yeah, I work from home.

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I've worked from home pre-pandemic since 2013,.

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So I've been working from home for a while Since before it was a thing really.

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Yeah, what kind of work do you?

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do.

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It's a strange job unless you know about it.

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I write training programs for pharmaceutical and biotech sales reps.

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So drugs come out, big company meetings, things like that, where they get their people together, I develop training solutions for whatever they need to learn about for that session.

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I used to travel a lot for work.

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Thankfully it's every other month or so now, so it gives me more time to be home and just settled, which is now.

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Yeah, what landed you in our little bubble of flipping houses?

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So it's kind of funny.

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Well, I found myself in a week-long seminar thing through another group and, well, I enjoyed learning about the concepts.

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It was a nice high-level introduction to just things that now I realize are the basics.

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It was enough for me to understand that that was not the group for me, but that I liked the space and I was interested in learning more.

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So I did some more research.

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I found your podcast and I had actually signed up for kind of like getting to know you call with someone.

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And in the meantime I had joined my local Facebook page like local real estate investors and I had posted in there kind of asking around about local mentors et cetera.

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And Amy, who is one of our flip sisters, she responded to my post in the local group saying hey, she's not local, but Debbie DeBerry is amazing.

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And I was like that's enough, I already have this call set up.

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But yeah.

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And so, hearing that she had had such a great experience in the program and having listened to the podcast, I went into the call with the mindset that, yeah, I think this is the place for me and yeah.

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I love it Shout out to Amy, shout out.

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Amy is going to be shouted out like three times she's awesome.

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I know she's awesome.

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She's such a gem.

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We are community.

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I love our community because it just attracts like the best hearts.

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So, yeah, let's definitely give credit where credit is due.

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So okay, so that's how you found us.

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And then when let's walk, you, let's walk through the first flip.

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So you recently sold it like you recently closed I did.

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I recently closed, two weeks ago, okay, and then the next day after that I bought my second one.

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So it was a busy week for me that week.

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Look at you, that's awesome, yeah.

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So I signed up for the program and I spent the first couple of months going through the modules.

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I didn't want to like dive into anything before I was ready.

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I, you know, set a little bit of time aside every evening, started going through everything, and then I built the team.

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I started to follow the steps and I did make a couple of offers.

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I connected with wholesalers in the area.

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I started making some offers, but I actually the one that I ended up purchasing, shout out to Amy again.

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Amy called me one day.

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She said hey, I got this lead through my website.

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It's not in an area that you know I typically work in and I've got enough going on right now, but it seems really promising.

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Would you be interested?

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I'd go with you.

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So Amy and I went out, met the seller, looked at it together.

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She, you know, I don't know.

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She gave me some good tips on what it was gutted Like.

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Let's be real.

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Everything needed to be done.

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It was completely gutted, had been empty for seven years.

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It was a huge project, but I was like, yeah, this is this, is this, is it, I want this house.

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So we looked at it.

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The seller wasn't really talking to anyone else signed the papers.

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It was all done in under a week.

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Wow, it went really fast.

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Yeah, we went straight to title company.

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Went straight to the title company with the purchase agreements and met at a coffee shop, signed some papers and In a way you go yeah.

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So what was the seller situation?

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Like you said, the house had been empty.

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So did they live there?

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Or had they inherited it, or Nope.

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So what I found out?

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So I was either the third or fourth.

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I was never clear if there was three people before me or if I was the third, but it had been owned by multiple people trying to do what.

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What I did, trying to flip multiple investors, no-transcript, gotten in there and then didn't really do anything, ran into some issues, and I was the third one.

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So the seller had purchased it about two years before he did some work.

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But what I found out is and he told us this upfront he didn't pull the proper permits and when the city got kind of wind of the work he was doing, they're very strict and they made him like take down all the drywall.

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And then he got kind of frustrated with it and said I'm done with this, this is.

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It was just it felt bad to him at that point.

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He wanted to get rid of it and move on.

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So I went in there knowing the house has like a big red flag on it that I had to sign an affidavit accepting all of these violations, promising I'll correct them.

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And so when I bought it it came with a whole host of kind of issues I had to go backwards and resolve and I knew which I would have done anyways.

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But you have to be very by the book.

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Pull the permits, do everything the right way.

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Yeah, because when you get caught it's like dang it.

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Why didn't I just do that?

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It's a lot more work to untangle it.

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It is more work to untangle it, and so people are like but I don't wanna wait for the permit.

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Well, I promise you you're gonna add on more time on the backend cleaning up your violations.

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Yeah, and you don't realize too that people, especially in smaller cities too, the people in the building offices and the permitting offices, they know you're not fooling them.

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They see a house is sold a couple months apart and the listing says oh, all new electrical, all new plumbing and no permits for pull for those things.

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Guess what?

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You're gonna be in trouble.

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I've become really good friends with the women in the building department because I spent so much time there.

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She and I would always chat and find the work.

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We should just go get lunch one day.

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So we're besties now.

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I love it.

00:10:03.092 --> 00:10:03.836
I love it.

00:10:03.965 --> 00:10:12.392
That is so cool, I love that it's good to do it by the properly and not get yourself in some trouble, even if it does take a little bit more work.

00:10:12.664 --> 00:10:14.125
Yeah, Okay.

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So you bought it from either the third or second investor who owned it.

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Okay, got it, Okay.

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So when did you close on the purchase?

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Like October 12th somewhere around there, okay, early mid-October.

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And what was the purchase price?

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$37,000.

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$37,000.

00:10:36.500 --> 00:10:38.345
Okay, $37,000.

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I know, oh, inexpensive.

00:10:40.465 --> 00:10:42.345
It's quite a different market.

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It's not in Detroit proper, but Detroit Metro, I think, is a little bit unique to some parts of the country.

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Yeah, wow, okay.

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When you first bought it, what were you anticipating the repairs to be?

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I thought about $80,000.

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And, like I said, it was totally gutted.

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The previous investor did run Electrical and that was the one thing that he did get approved rough.

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So it had some walls up and it had rough Electrical but it needed everything else.

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It needed all new plumbing, it had no ductwork, it needed all HVAC and the Electrical ended up having some issues.

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We took down some walls, everything it needed all new siding.

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The foundation needed repairs.

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It was a big project I love that you were like, let's just do this, this is the one.

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I love it.

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I love that you weren't scared off by the fact that.

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So sometimes that's what people freak out oh, the repairs are more than the house, yes, but it doesn't matter if the numbers work.

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And I wonder if people have that mindset too, because some lenders that I talked to they won't necessarily fund if the rehabs are more than the purchase price.

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So that could be something that kind of put something in the no category for people.

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Yes, so, speaking of how did you finance it?

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I took a HELAC a home equity line of credit, out on my personal house.

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I took a $125,000 HELAC out and my intention was that I would use the HELAC for down payments, possibly rehabs.

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But with this one it was enough to cover the purchase price and the rehab, so I had like $17 left in it when I was done.

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But I funded the entire thing with the HELAC, and I'm actually doing that on the next house too.

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But I'm not going to do it forever.

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It's just working out this way the first two times.

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The beauty of it, though you can keep reusing it.

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That is the beauty of it.

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Absolutely so.

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You anticipated ADK in repairs.

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What did the repairs end up being?

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Just under $82,000.

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Oh wow, Nice.

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So pretty close yeah, and I knew I needed to kind of stay within that because I was working with my limited amount that was in the HELAC and so I knew I needed to come in right around there and luckily there was no huge.

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I think it's hard to have huge surprises when you're anticipating, doing everything Exactly.

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Exactly my point on why I like to do those.

00:13:20.493 --> 00:13:21.956
Yeah, yeah.

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Were there any surprises on the repair front, or was it pretty much?

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I mean, you anticipated doing everything and you did everything.

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Exactly the only thing I didn't do, which I you know, going forward, I did not do a sewer scope before, so we didn't really do an inspection.

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We knew everything had to be done and so that, always in the back of my head, I was worried that I don't know what's underground, what can't I see.

00:13:48.009 --> 00:13:52.351
I was worried about it, but I had it ended up not being an issue.

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Oh good.

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Yeah, we did have one later and it wasn't an issue, but that could have been like in my head.

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I knew that that could have been the only thing that would sneak up on me and maybe cause some trouble down the road.

00:14:05.033 --> 00:14:09.692
Yeah, especially having sat alone unused for so long.

00:14:09.692 --> 00:14:10.254
You never know.

00:14:10.634 --> 00:14:13.373
Yep, what was the contractor situation?

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Did you manage the contractor and subs, or did you have like a GC running the show, or what did that look like?

00:14:19.184 --> 00:14:19.547
Not really.

00:14:19.547 --> 00:14:26.736
So I vetted a handful at least six people.

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Some of them I just didn't get a good vibe from and I couldn't see myself working with them on such a big project for such a long time.

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I just, for whatever reason.

00:14:37.428 --> 00:14:38.874
No, they weren't the people.

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One guy I really liked, but he was coming in way too expensive.

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Another one couldn't start for a few months but as I was sharing this with a close friend of mine, her husband said, hey, you should reach out to this guy, brad.

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He did work in our house years ago, but I see on Facebook he's mostly working with investors and I said, ok, I'll give him a call.

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Oh, my god, like he's the best.

00:15:01.591 --> 00:15:03.250
He ended up being my main guy.

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I had to have specialized trades, of course, for the HVAC, electrical, plumbing, all that, but yeah, brad did everything else.

00:15:11.432 --> 00:15:18.408
Or, with his team, he kind of managed all the other things and he was great to work with, like super communicative, really nice guy.

00:15:18.408 --> 00:15:23.472
We both love Detroit sports, so we talk about basketball and football all day.

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He has a daughter in the same school with my son, although we had never crossed paths before.

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So yeah, he's wonderful and he's working on the second house.

00:15:32.211 --> 00:15:36.711
And yeah, I told them, I never want to work at another house without you.

00:15:36.711 --> 00:15:38.255
Don't get that.

00:15:38.620 --> 00:15:39.163
I get that.

00:15:39.163 --> 00:15:41.192
Yeah, you said that, I get that.

00:15:41.697 --> 00:15:46.013
Yeah, you've got the guys that work with him and it really went well.

00:15:46.013 --> 00:15:47.610
I feel like I lucked out completely.

00:15:48.065 --> 00:15:50.750
Nice, it generally does.

00:15:50.750 --> 00:15:53.172
So you did the vetting up front though.

00:15:53.172 --> 00:15:55.913
So I don't know that you lucked out.

00:15:55.913 --> 00:16:03.311
Because you did the vetting, you didn't move forward with people where your gut was like I don't, I'm not feeling right here.

00:16:03.311 --> 00:16:05.009
So you listened to that.

00:16:05.009 --> 00:16:10.408
So maybe a little bit of luck, but mostly you also vetted Instinct too.

00:16:11.806 --> 00:16:12.942
Instinct, vetted, yeah.

00:16:12.942 --> 00:16:19.011
And then with the specialized trades, what I did was on the local Facebook page.

00:16:19.011 --> 00:16:33.732
I don't post a lot in there, but I'm on there and I see who's active, who's doing things in a way that I kind of think, from what I know, who's doing things in a way that I would want to also do them.

00:16:33.732 --> 00:16:37.089
And then who do they use and who's getting the good?

00:16:37.089 --> 00:16:42.947
They're brutally honest in this group and so you know if someone's doing a great job and if they're not.

00:16:42.947 --> 00:16:54.212
So I got multiple bids but I went with people that I had kind of seen vetted in the group and their investors' friendly pricing and that kind of stuff.

00:16:54.212 --> 00:16:58.328
So I went with the people that I had found through the Facebook group.

00:16:58.570 --> 00:17:04.210
Yeah, I love those local real estate investing groups for that very reason.

00:17:04.210 --> 00:17:17.589
For those contractor recommendations, for lender recommendations, for whatever cabinets, whatever vendor, they're a great resource for that for sure.

00:17:17.589 --> 00:17:20.611
Ok, awesome, so no major surprises.

00:17:20.611 --> 00:17:23.626
Nice, so you bought it in October.

00:17:23.626 --> 00:17:26.108
What was your total timeline?

00:17:27.010 --> 00:17:40.497
Total timeline from purchase to sale was just over seven months and then from when we were done to when it sold, there was about a month of like closing, closing all that kind of stuff.

00:17:40.497 --> 00:17:44.601
It took about six months, which is what I had planned for.

00:17:44.601 --> 00:17:46.836
But I didn't actually think it would take that long.

00:17:46.836 --> 00:17:54.979
I thought we'd be done more like in February, but honestly it's probably good that we weren't.

00:17:54.979 --> 00:18:02.099
I think the market really did here and I know it's different everywhere it has recovered during the spring.

00:18:02.099 --> 00:18:09.736
I think if we had sold them if I had sold them February, it would have been a little bit, maybe a little bit tougher, I'm not sure.

00:18:09.736 --> 00:18:15.679
I mean, you have to say, but I think I think it was not a bad thing to wait until the spring.

00:18:17.230 --> 00:18:22.190
Tell me about when you listed it for sale.

00:18:22.190 --> 00:18:24.018
How was that feeling?

00:18:26.660 --> 00:18:28.642
Really exciting I did do.

00:18:28.642 --> 00:18:29.367
I had it staged.

00:18:29.367 --> 00:18:35.630
I wanted it staged for my own.

00:18:35.630 --> 00:18:45.821
I knew it would probably sell faster, but I also wanted to have like really pretty pictures for an actor for my own kind of like reflection on it.

00:18:45.821 --> 00:18:50.329
But yeah, so I had it staged and went on the market.

00:18:50.329 --> 00:18:51.738
I was super excited.

00:18:51.818 --> 00:18:52.924
Amy also has her license.

00:18:52.924 --> 00:18:54.635
She does.

00:18:54.635 --> 00:18:58.002
She's not like a day-to-day a real estate agent, but she has her license.

00:18:58.002 --> 00:19:05.930
So she listed it and we had 11 showings the first day and we had an open house scheduled for the weekend.

00:19:05.930 --> 00:19:27.278
We started, we listed it I think Wednesday night, thursday, we had 11 showings and I had two offers in hand by the end of the day and another one they said was coming and one of the offers they had put kind of a timeline for end of Friday and the open house was Sunday.

00:19:28.210 --> 00:19:38.512
And I don't know again, like I kind of go with my gut on things, maybe more than I should, but one of the offers I really liked it was a good offer.

00:19:38.512 --> 00:19:39.356
It was over asking.

00:19:39.356 --> 00:19:40.453
I had an appraisal gap.

00:19:40.453 --> 00:19:47.539
I felt really good about where we listed it price-wise, but when I got offers both of them were over.

00:19:47.539 --> 00:19:49.253
I didn't know that it would.

00:19:49.253 --> 00:19:53.317
I feel good about where we listed it, but I didn't think it would necessarily appraise over.

00:19:53.317 --> 00:19:56.558
So the appraisal gap was a nice little added bonus.

00:19:56.558 --> 00:20:00.193
They're gonna pay transfer taxes and I don't know.

00:20:00.193 --> 00:20:05.318
I just I felt like good vibes coming from the agent and the buyer threw the offers.

00:20:05.318 --> 00:20:07.215
So we ended up going with that.

00:20:07.215 --> 00:20:08.614
I told Amy, let's take this one.

00:20:08.614 --> 00:20:12.699
And that's where the kind of surprises started.

00:20:12.699 --> 00:20:18.781
Oh gosh, okay, I was surprised at the game during the sale part of it.

00:20:19.290 --> 00:20:21.454
So what did you?

00:20:21.454 --> 00:20:22.897
What was the list price of it?

00:20:23.338 --> 00:20:27.468
159,800.

00:20:29.309 --> 00:20:31.036
What did you end up going under contract app?

00:20:32.150 --> 00:20:35.199
The offer that I accepted was 171,000.

00:20:35.199 --> 00:20:38.137
Oh, dang like significantly over.

00:20:38.137 --> 00:20:44.439
Yes, with the 5,000 appraisal gap, not to go over the top price of 171s.

00:20:44.439 --> 00:20:45.933
Got it, so yeah.

00:20:47.089 --> 00:20:50.712
Okay, so you took that offer, and then.

00:20:51.289 --> 00:20:53.377
And then the inspection happened.

00:20:53.377 --> 00:20:56.178
Inspection went great like nothing.

00:20:56.178 --> 00:21:06.878
They said there was nothing that came up during the inspection, which I had thought because we had just gone through six inspections through the city and got all of our stickers, but Right.

00:21:06.878 --> 00:21:16.138
And then the appraisal happened and the appraisal came in like really disappointingly low 139,000.

00:21:16.138 --> 00:21:30.777
Oh my gosh, which was like a shock in the worst way and everyone was shocked the lender, the buyer's agent, me and Amy, and we were all like, well, we didn't expect this.

00:21:30.777 --> 00:21:38.219
You know I didn't think it would appraise at 171, but I had done, you know, I thought, a decent job up front of comping.

00:21:38.309 --> 00:21:50.181
But the thing that we ran into was the house is a bungalow with no garage and no basement, and there are very, very, very few of those in the market, sure.

00:21:50.181 --> 00:21:55.993
So it was hard slash impossible to find apples to apples, yeah.

00:21:55.993 --> 00:22:05.875
So I was looking at bungalows, no garage, with the basement, and then deducting 10,000, trying to find renovated, you know, comparable finishes, et cetera.

00:22:05.875 --> 00:22:14.939
But the appraiser wasn't looking at it that way, he only was looking at bungalows with no garage and no basement.

00:22:14.939 --> 00:22:21.981
So he was willing to go further back in time and farther out distance-wise to find these properties.

00:22:21.981 --> 00:22:30.796
And then even then the ours was literally brand new, everything in it, and some of them were not renovated.

00:22:30.796 --> 00:22:34.700
It didn't, and everyone can look at it different ways.

00:22:34.700 --> 00:22:41.557
You know, I had thought the appraisal was a little bit more objective, less subjective, but there's different ways you can look at things, I guess.

00:22:41.869 --> 00:22:42.614
Oh yeah, for sure.

00:22:42.614 --> 00:22:44.114
Yeah, oh yeah.

00:22:44.114 --> 00:22:47.337
Get five appraisers and you'll have five different appraisal values.

00:22:47.851 --> 00:22:51.378
Yeah, so what we did, we put together the rebuttal package.

00:22:51.378 --> 00:22:54.980
You know it's like did a really good job with that.

00:22:54.980 --> 00:22:58.215
I thought Amy sent it off and then that night we heard back.

00:22:58.215 --> 00:23:04.478
Because what they do is they send your rebuttal package back to the same appraiser and that same appraiser is like nope, I did it right.

00:23:04.478 --> 00:23:13.240
Sorry, you know it is what it is 136,000 next, and so that that didn't seem right, like that was.

00:23:13.240 --> 00:23:18.967
I don't think I would have lost money, but I think I wouldn't have made anything.

00:23:18.967 --> 00:23:22.308
But I didn't want the buyer like I don't know.

00:23:22.308 --> 00:23:24.808
I felt I didn't want the buyer also to lose out.

00:23:24.808 --> 00:23:28.851
So we talked with through the agents.

00:23:28.851 --> 00:23:32.471
Amy talked to her agent and she still really wanted the house.

00:23:32.471 --> 00:23:34.145
I didn't want to put it back on the market.

00:23:34.145 --> 00:23:35.925
I wanted to come to a solution.

00:23:35.925 --> 00:23:40.109
So she switched to lenders and we just started over again.

00:23:40.109 --> 00:23:46.814
The new lender and this appraisal came back in at 1.62.

00:23:48.681 --> 00:23:49.684
No joke.

00:23:50.319 --> 00:23:50.781
Yeah.

00:23:50.781 --> 00:23:56.628
So we went from an appraisal of 1.39 to the second appraiser, with the new lender at 1.62.

00:23:56.628 --> 00:24:01.989
And then with the $5,000 gap that brought the final price up to 1.67.

00:24:02.461 --> 00:24:05.627
Oh, my God yeah.

00:24:05.667 --> 00:24:06.924
Wow, it was a roller coaster.

00:24:06.924 --> 00:24:09.846
Yeah, there's many different ways it could have gone.

00:24:09.846 --> 00:24:14.726
We could have relisted it, she could have walked away, but we really wanted the house.

00:24:14.726 --> 00:24:16.125
I wanted to sell it to her.

00:24:16.125 --> 00:24:17.365
I didn't want to relist it.

00:24:17.365 --> 00:24:22.684
Every month you hold it costs money and I don't know.

00:24:22.684 --> 00:24:25.910
I just I felt like it was supposed to go this way.

00:24:25.910 --> 00:24:30.731
So I had kind of come to terms which maybe I shouldn't have.

00:24:30.731 --> 00:24:37.923
I had kind of like talked myself into well, if that appraises low again, maybe that's the true worth of it and that's.

00:24:37.923 --> 00:24:40.806
I'm just gonna sell it and this was a learning experience.

00:24:40.806 --> 00:24:56.849
But I'm glad that it didn't because I do believe it's worth what it appraised for, knowing what went into it and what's all the things that are in there that are literally brand new and the location's really nice for that part of town.

00:24:56.849 --> 00:24:58.565
It's in a beautiful location.

00:24:58.565 --> 00:25:05.744
So I don't know it all worked out, but it was a little bit perry for a while, oh my gosh, that's crazy.

00:25:06.480 --> 00:25:09.884
It was a big yeah, a big, so stressful.

00:25:09.884 --> 00:25:15.445
Well, because it's such a you're so blindsided Like that is shockingly low.

00:25:15.445 --> 00:25:19.385
That's not just a low appraisal, that is shockingly low.

00:25:20.000 --> 00:25:21.164
Really really low.

00:25:21.164 --> 00:25:24.469
You know I work okay with like 150, 155,.

00:25:24.469 --> 00:25:34.130
You know that still would have got me to a 10% profit and you know it's, but I'm really glad it worked out this way for many, many reasons Right.

00:25:34.130 --> 00:25:34.712
Right.

00:25:37.064 --> 00:25:41.665
Okay, so what did your profit end up being Just over 27,000.

00:25:41.665 --> 00:25:42.804
That is amazing.

00:25:42.804 --> 00:25:45.788
Which is like what percent?

00:25:45.788 --> 00:25:47.948
Like 16, 17%, maybe?

00:25:48.259 --> 00:25:53.045
Oh, it's sold for 167 and the profit I think higher than that.

00:25:53.220 --> 00:25:55.265
Yeah, that's amazing.

00:25:55.265 --> 00:25:56.561
Yeah, I think higher than that.

00:25:56.561 --> 00:25:57.724
That is awesome.

00:25:57.724 --> 00:25:59.388
Yeah, yeah, cause it's almost 20.

00:26:00.510 --> 00:26:02.625
Yeah, yeah, your private 17.

00:26:02.625 --> 00:26:05.328
So, yeah, the holding costs were just over 6,000.

00:26:05.328 --> 00:26:12.126
Wow and yeah, closing costs 12 and yeah, I walked away with just over 27.

00:26:12.859 --> 00:26:13.803
That is so awesome.

00:26:13.803 --> 00:26:14.605
Congratulations.

00:26:14.605 --> 00:26:15.367
Yeah, thank you.

00:26:15.367 --> 00:26:16.371
It was very exciting.

00:26:16.371 --> 00:26:17.442
You freaking, did it.

00:26:17.763 --> 00:26:19.930
Yeah, I know that's so cool and I loved it.

00:26:19.930 --> 00:26:21.124
I thought it was so fun.

00:26:21.124 --> 00:26:24.108
I really really enjoyed it.

00:26:24.108 --> 00:26:28.023
I liked problem solving, I liked building relationships, I liked meeting people.

00:26:28.023 --> 00:26:31.227
All of it was really really good.

00:26:31.227 --> 00:26:38.999
It was a huge project and once I had tears once.

00:26:41.619 --> 00:26:44.340
After the first appraisal cause, that's probably when I was right, yeah.

00:26:44.442 --> 00:26:47.483
Yeah, almost, but no, yeah, but it was great.

00:26:47.483 --> 00:26:48.765
I really, really enjoyed it.

00:26:48.765 --> 00:26:50.286
I couldn't wait to get another.

00:26:50.286 --> 00:26:54.445
I just wanted that money to show back up in the account so I could send it out again.

00:26:54.445 --> 00:27:00.548
And yeah, it was a really fun project and I want to keep doing it for as long as I can.

00:27:00.548 --> 00:27:01.462
I love that.

00:27:02.160 --> 00:27:03.202
Is there anything?

00:27:03.202 --> 00:27:12.336
Let me ask it differently what were, say, what were some of your top lessons learned on that one?

00:27:12.516 --> 00:27:22.450
Yeah, I would say kind of a big one was to look at the big picture, not when we're making decisions.

00:27:22.450 --> 00:27:27.390
For example, electrical contractor got multiple bids.

00:27:27.390 --> 00:27:35.067
I ended up going with someone that was one of the lower bids but they were not.

00:27:35.067 --> 00:27:38.365
This was you know how I said I went through people recommended through the group.

00:27:38.365 --> 00:27:52.030
I had gotten bids through the group, people I'd found through the group, but the person I ended up using was a recommendation from someone else not vetted through the group came in lower.

00:27:52.030 --> 00:27:54.405
You know it was like okay, a way to save some money.

00:27:54.405 --> 00:27:57.385
Incredibly difficult to deal with.

00:27:57.385 --> 00:27:59.566
They just disappear for weeks.

00:27:59.566 --> 00:28:08.268
I think two full months of the tail end of the project were just delays and the electrical end of things.

00:28:08.268 --> 00:28:10.345
That's a lot of money.

00:28:10.345 --> 00:28:20.249
When you think about holding costs, you know every month saving that you know six or 800 upfront ended up costing me probably 3000.

00:28:20.249 --> 00:28:20.710
Oh wow.

00:28:22.759 --> 00:28:24.266
Yes, that's such a great tip.

00:28:26.444 --> 00:28:28.852
I would use almost everybody again that I worked with.

00:28:28.852 --> 00:28:35.844
But I need to look at the bigger picture and not just make decisions based on like pinching pennies at the outset.

00:28:35.844 --> 00:28:43.692
And this time around too, I'm trying to be more mindful of sourcing deals for things.

00:28:43.692 --> 00:29:01.630
You know I'm on a little bit tighter budget with this one that I'm working on now and I've been just sourcing things, you know, through different ways, like getting professional discounts using my, you know, business tax idea where I can finding the same tile I would go buy at Home Depot.

00:29:01.630 --> 00:29:12.490
You know someone's got three cases excess on marketplace for, you know, 80% off and not compromising the quality at all, but just spending a little bit more time to find the deals.

00:29:12.490 --> 00:29:17.051
And I've been keeping a lot better records this time.

00:29:17.140 --> 00:29:26.406
I did not keep great records last time so when it came time to finish the project and look at the numbers, I had to do a lot of sorting and I know it's gonna come back to bite me at tax time.

00:29:26.406 --> 00:29:45.609
Luckily, I kind of sorted through things you know to do my post sale debrief, yeah, but I'm keeping a lot better records this time of where the money's going, what's going on every week, so I can start to see patterns of where the time both time and dollars are going and how they're flowing.

00:29:45.609 --> 00:29:48.506
So I kind of winged it last time.

00:29:48.506 --> 00:29:51.842
After about the first month I was very diligent and then I let it go.

00:29:51.842 --> 00:30:00.346
But I'm keeping really good track this time and I've almost spent besides my bucket for labor.

00:30:00.346 --> 00:30:03.269
I've almost spent my entire budget this time.

00:30:03.269 --> 00:30:16.084
So it's gonna be a quicker flip for my second one and I've managed to save about 4,000 from what I had budgeted to what I by just kind of being a little bit more diligent about sourcing things.

00:30:16.380 --> 00:30:25.226
Yes, I mean, especially this day and age, the internet and all the different marketplaces everywhere that we can get it in it.

00:30:25.226 --> 00:30:26.048
You nailed it.

00:30:26.048 --> 00:30:34.023
It's not about compromising quality or even aesthetics, right, it's just getting a better price and saving where you can.

00:30:34.023 --> 00:30:36.461
Yeah, yeah, absolutely yeah.

00:30:36.461 --> 00:30:39.527
So it sounds like you liked a lot of the things.

00:30:39.527 --> 00:30:42.461
Yeah, the problem solving all of that Did you do?

00:30:42.461 --> 00:30:45.289
Did you choose the finish out and the design?

00:30:45.289 --> 00:30:46.462
Did you do the design work?

00:30:46.462 --> 00:30:47.405
Yeah, yeah.

00:30:47.425 --> 00:30:55.407
I did, and both houses that I work under you know a little bit lower price point.

00:30:55.407 --> 00:31:06.048
It wouldn't have made sense to go crazy with the finishes you know or do something you know really ornate or you know really pricey.

00:31:06.048 --> 00:31:15.643
But I feel like what I was going for was something really clean, modern, like kind of timeless but with a touch of you know, modern.

00:31:15.643 --> 00:31:21.526
I went kind of light wood, white and black mostly and I thought it looked really nice.

00:31:21.526 --> 00:31:24.388
The staging really helped because it showed how you could bring color in.

00:31:24.388 --> 00:31:33.049
I would like to do a house, you know somewhere down the road where I can be a little bit more creative with you know some of the finishes or something.

00:31:33.259 --> 00:31:38.384
But yeah, I don't know, but good for you for keeping that balance, because we can't overdo.

00:31:38.384 --> 00:31:45.646
And it's hard because it's like, oh, but I want to do this, this and this, and it'd be great if I could do this, this and this, and sometimes it's just we well enough alone.

00:31:45.646 --> 00:31:47.721
Yeah, and I would do.

00:31:47.721 --> 00:32:03.049
Do what you need to do to, you know, create a pretty product and save, obviously, but staying in line with the comparables, because if you go above and and then you're trying to price it above to, you know, that's not going to work.

00:32:03.049 --> 00:32:04.672
Yeah, it doesn't work that way.

00:32:04.672 --> 00:32:08.919
The buyer doesn't care, the buyer doesn't care what you put into it.

00:32:08.940 --> 00:32:12.150
No, and the second, as I'm doing, I don't love the color of it.

00:32:12.150 --> 00:32:17.660
It's, you know, it's kind of a yellowy cream beige and it has brown shutters.

00:32:17.660 --> 00:32:26.248
And I was thinking about you know, well, it's very costly to recite it and, you know, could paint it as well, but the budget doesn't really allow for that.

00:32:26.248 --> 00:32:28.929
So what I'm doing instead is power washing everything.

00:32:28.929 --> 00:32:37.467
I had to put a new roof on, so doing new shutters in a different color, new window boxes, tying the roof in, so it looks completely different.

00:32:37.467 --> 00:32:40.609
But we didn't have to change all the siding or do that.

00:32:40.609 --> 00:32:47.163
That is a lot more expensive, but in the neighborhood that color is very common, so it doesn't look any.

00:32:47.163 --> 00:32:51.540
You know, it doesn't stand out from the neighborhood and I think it's.

00:32:51.540 --> 00:33:05.086
It looks a lot better now with the new shutters and the new roof and the the window boxes that it adds like a little bit of you know, I don't know just something, a little detail design to it, but in a cost, more cost efficient manner.

00:33:05.307 --> 00:33:10.690
Right, so let's talk a little bit about the second flip and like just what tell me about?

00:33:10.690 --> 00:33:12.821
Okay, so you bought it two days after.

00:33:12.821 --> 00:33:16.308
No, the day after you sold your first flip.

00:33:16.308 --> 00:33:17.130
I love that.

00:33:17.130 --> 00:33:20.806
Yep, yeah, which means you've been in it about two weeks.

00:33:20.806 --> 00:33:24.047
Yep, what do you think your timeframe will be on this one?

00:33:24.047 --> 00:33:24.941
This one?

00:33:24.941 --> 00:33:27.006
I'm hoping to get it three months.

00:33:27.006 --> 00:33:29.892
Oh nice, it's not a full gut, I presume.

00:33:30.421 --> 00:33:31.086
No, no, it's not.

00:33:31.086 --> 00:33:33.222
It's not at all.

00:33:33.222 --> 00:33:36.386
I mean, it has walls.

00:33:36.386 --> 00:33:38.825
I'll say that Everything else has come out.

00:33:38.825 --> 00:33:42.228
It has walls and it had ductwork.

00:33:42.248 --> 00:33:44.384
Yeah, so we got right in there.

00:33:44.384 --> 00:33:45.528
We demoed everything.

00:33:45.528 --> 00:33:48.663
20-yard dumpster filled up the first day, yeah.

00:33:48.663 --> 00:33:52.710
And then that, following Monday, it had a brand new roof.

00:33:52.710 --> 00:33:59.244
Tuesday it had a new furnace and air conditioning yeah, and everything's gutted.

00:33:59.244 --> 00:34:01.424
Some walls are opened up already.

00:34:01.424 --> 00:34:07.231
We're fixing, you know, things that need to be fixed before we start, you know, putting it all back together.

00:34:07.231 --> 00:34:08.905
It looks terrible right now.

00:34:08.905 --> 00:34:15.168
It looked a lot better when I bought it, even when it needed state, but right now it looks awful.

00:34:15.168 --> 00:34:28.068
My dad came over yesterday to help with some electrical issues and I just needed his advice, since he's really smart about these things and he was like whoa you can see in the pictures when I bought it.

00:34:28.068 --> 00:34:33.831
Oh right, it's considerably worse right now, you know, but it's going to be good soon.

00:34:34.112 --> 00:34:39.090
Yeah, it's just the chaos before it gets all nice and pretty.

00:34:39.090 --> 00:34:42.168
It's supposed to look like that, okay.

00:34:42.168 --> 00:34:44.748
So what were your numbers on this one?

00:34:44.748 --> 00:34:47.027
What did you buy it for?

00:34:47.027 --> 00:34:47.989
What are you putting?

00:34:48.090 --> 00:34:48.231
into it.

00:34:48.231 --> 00:34:53.291
I bought it for $90,500.

00:34:53.291 --> 00:35:04.579
And I will put about $40,000 into it and I want to list it at $164,000.

00:35:04.579 --> 00:35:11.411
So, yeah, probably not quite as big a profit this time, but the timeline shorter.

00:35:11.411 --> 00:35:21.007
And you know, yeah, I was hoping to get something on the market in the summer, before the fall, but, yeah, I fell in love.

00:35:21.007 --> 00:35:27.643
So the first house was a great project but I didn't feel like when I walked in it was just a shell, you know.

00:35:27.643 --> 00:35:34.422
But when I walked into this one, a family had lived there for, you know, a lifetime and I don't know.

00:35:34.422 --> 00:35:38.126
It just felt different walking in and I loved it.

00:35:38.126 --> 00:35:40.193
You could tell it was very well loved.

00:35:40.193 --> 00:35:41.260
It just felt different.

00:35:41.400 --> 00:35:42.706
I thought I really want this house.

00:35:42.706 --> 00:35:46.829
It reminded me of my grandparents and I had like all these feelings walking into it.

00:35:46.829 --> 00:35:56.365
And it has a half acre yard, which is big for, you know, being in this area, I don't have a half acre of anywhere close to that and you could tell it was beautiful.

00:35:56.365 --> 00:36:03.588
This woman had spent a ton of time, you know, setting up this yard in the gardens but it had been neglected for many, many, many years.

00:36:03.588 --> 00:36:11.005
So there's like all this good you know, under there that I'm excited to kind of bring it back back out.

00:36:11.005 --> 00:36:13.164
The layout's really nice for the.

00:36:13.164 --> 00:36:13.987
I don't know it's just.

00:36:13.987 --> 00:36:15.231
It felt really good.

00:36:15.231 --> 00:36:16.445
I was, I really wanted it.

00:36:16.445 --> 00:36:16.981
I had to.

00:36:16.981 --> 00:36:18.646
There was a little.

00:36:18.646 --> 00:36:20.068
I bought it off the MLS.

00:36:20.409 --> 00:36:20.811
Oh nice.

00:36:21.340 --> 00:36:22.405
I was going to ask you how you found it.

00:36:22.405 --> 00:36:34.869
Yeah, I bought it off the MLS this time and I went straight to the listing agent and just called him and asked you know, hey, you know I'm not, I'm not really working with an agent.

00:36:34.869 --> 00:36:37.059
Can I come take a look at the house?

00:36:37.059 --> 00:36:38.505
And he's like, yeah, when can you go?

00:36:38.505 --> 00:36:46.231
So we met there half hour later and Brad, my contractor he lives like down the I don't know five minutes from there.

00:36:46.231 --> 00:36:48.413
So he met me over there and we just, you know, got it done.

00:36:48.413 --> 00:36:53.271
We looked at it and I said, okay, you know, we're going to go talk about this, I'll have an offer over to you tonight.

00:36:53.271 --> 00:36:57.831
And, yeah, it gave us a little edge to not be working with a buying agent at that point.

00:36:58.164 --> 00:37:00.172
Yes, I just said that to somebody in the group.

00:37:00.172 --> 00:37:02.010
You don't have to have an agent.

00:37:02.010 --> 00:37:03.530
Go to the listing agent.

00:37:03.744 --> 00:37:07.014
Yeah, and I always want to work with Amy to sell it.

00:37:07.014 --> 00:37:10.672
You know she said she likes doing that kind of stuff, so she'll, you know she'll sell this when it's time.

00:37:10.672 --> 00:37:22.351
But I think it gives you a little bit of an edge to go straight to an agent when you're buying, if you you know why not you know, yeah, okay, so was it a new listing, or had it been on the market a little bit?

00:37:22.684 --> 00:37:31.273
It was brand new and so, yeah, I had to raise my offer a little bit, but the number still worked and the agent sent me over the other person's offer.

00:37:31.273 --> 00:37:33.532
He's like I swear, I'm not, you know, just trying to, you know.

00:37:33.532 --> 00:37:34.869
Yeah, good for him.

00:37:34.869 --> 00:37:37.550
Yeah, he was really transparent.

00:37:37.550 --> 00:37:39.230
What was the list price?

00:37:39.230 --> 00:37:42.552
It was listed at 80,000.

00:37:42.552 --> 00:37:45.432
I had offered 86,000.

00:37:45.432 --> 00:37:47.869
Someone else offered 90.

00:37:47.869 --> 00:37:50.190
So I offered 90,500.

00:37:50.210 --> 00:37:50.773
I love it.

00:37:52.088 --> 00:37:57.829
Sorry, yeah, it would have been better to get it for 80, but it still works.

00:37:58.744 --> 00:37:59.407
That's exciting.

00:37:59.407 --> 00:38:01.235
Yeah, I can't wait to see that.

00:38:01.235 --> 00:38:03.351
One Can't wait to see that transformation too.

00:38:04.085 --> 00:38:04.748
Yeah, me too.

00:38:04.748 --> 00:38:05.351
I'm excited.

00:38:05.351 --> 00:38:06.751
I bought everything.

00:38:06.751 --> 00:38:08.532
Like everything is in the garage.

00:38:08.826 --> 00:38:11.009
Oh my God, same I totally get that.

00:38:11.425 --> 00:38:12.731
I have bought everything.

00:38:12.731 --> 00:38:15.132
I just like I want it to be there when it's time.

00:38:15.304 --> 00:38:17.668
Yeah, I totally get that.

00:38:17.668 --> 00:38:22.976
Like my thing is, so I in everything.

00:38:22.976 --> 00:38:24.871
It's like I hate to be the holdup anywhere.

00:38:24.871 --> 00:38:44.030
So like if I don't want to delay somebody else doing their job, because like it's so frustrating when we're waiting for somebody to do their job, so we can do our job, and it's like, oh so I never want to be that person that is delaying something, so I always have materials piled high in the garage and it's just what it's going to be.

00:38:44.545 --> 00:38:45.307
Yeah, I feel you.

00:38:45.307 --> 00:38:45.528
Yeah.

00:38:45.528 --> 00:38:48.632
So I bought like all of this stuff that I knew I needed.

00:38:48.632 --> 00:38:56.728
I wanted to pick out, but things, like you know, I don't know sheets of drywall, grout, whatever, what I did with Brad, this time I have gone.

00:38:56.728 --> 00:38:58.833
Lowe's happens to be the closest to this house.

00:38:58.833 --> 00:39:01.170
If it was Home Depot I would have done the same thing.

00:39:01.170 --> 00:39:11.076
I went and bought a $500 gift card and I you know he's using that for kind of the incidental purchases and then when that runs out or gets close, I'll go buy another one.

00:39:11.076 --> 00:39:15.072
So he's keeping the receipts and I, just so it doesn't hold him up and go buy stuff.

00:39:15.072 --> 00:39:20.114
Yes, and then, like all the other things, are just sitting in the garage waiting.

00:39:20.114 --> 00:39:29.813
And it helps me too, because I am working full time, so when I have, you know, weekends or evenings, I can go gather all this stuff up, put it in the garage and then it's just it's there when we're ready for it.

00:39:30.105 --> 00:39:32.407
Yeah, Is the goal?

00:39:32.407 --> 00:39:37.192
Is the end goal to eventually do this full time, or are you enjoying doing it on the side?

00:39:37.192 --> 00:39:37.885
You know?

00:39:37.945 --> 00:39:41.436
my goal is eventually, like three to five years.

00:39:41.436 --> 00:39:42.951
I want to shift the balance.

00:39:42.951 --> 00:40:02.992
I like what I do, but my type of work is also in demand, like on a contract basis, so I think I could do this what I'm doing professionally for clients more on, like a freelance contract basis yeah, as needed, and then spend more time doing slips or you know other times of real estate investing.

00:40:02.992 --> 00:40:06.226
I do want to just, you know, buy and hold Eventually.

00:40:06.226 --> 00:40:08.447
I know there's a lot of benefits, probably next year.

00:40:08.447 --> 00:40:14.132
My goal was to flip two houses within the year of joining the program, so I should be really close.

00:40:14.132 --> 00:40:16.027
That's amazing, yeah.

00:40:16.047 --> 00:40:16.951
I should be really close.

00:40:16.951 --> 00:40:19.514
Seriously, that is just awesome.

00:40:19.514 --> 00:40:21.047
Kudos to you.

00:40:21.047 --> 00:40:29.954
You did it, you're doing it, you are on track to hit your goal and I'm just I'm super happy for you.

00:40:29.954 --> 00:40:40.150
So anytime I think of you, I think of Angela with the cool kicks, because you got on some cool kids at the event and I always think Angela with the cool kicks.

00:40:40.753 --> 00:40:43.442
That event was so fun.

00:40:43.442 --> 00:40:44.284
I can't wait for another one.

00:40:44.425 --> 00:40:49.875
Oh my gosh, I felt so good and people were like I couldn't come or really want to come.

00:40:49.875 --> 00:40:51.349
But yeah, that was so.

00:40:51.349 --> 00:40:52.152
It was awesome.

00:40:52.152 --> 00:40:54.813
I didn't know how it was going to translate.

00:40:54.813 --> 00:41:00.153
The community online is so amazing and it's like is it going to be OK in person too?

00:41:00.153 --> 00:41:04.371
So I was nervous about that and it was beyond OK.

00:41:04.371 --> 00:41:06.050
It was beyond anything like.

00:41:06.050 --> 00:41:07.835
It makes me teary thinking about it right now.

00:41:07.835 --> 00:41:11.193
I'm such a lush, but it's a great community.

00:41:11.193 --> 00:41:13.251
Well, thank you for making it such.

00:41:13.251 --> 00:41:19.751
Thank you for playing a role in, and contributing and engaging and just being you.

00:41:20.664 --> 00:41:23.371
Thank you I love being here Awesome.

00:41:23.371 --> 00:41:25.934
Is there anything we didn't touch on that you wanted to share?

00:41:25.934 --> 00:41:27.612
I don't think so.

00:41:29.226 --> 00:41:36.228
Yeah, I think I think that's everything like kind of my big lessons learned and successes and yeah, no, it was.

00:41:36.228 --> 00:41:39.152
I don't know, I didn't feel scared.

00:41:39.152 --> 00:41:43.797
I that's not like part of how I felt about any of this.

00:41:43.797 --> 00:41:45.411
I was excited the whole time.

00:41:45.411 --> 00:41:46.494
Interesting.

00:41:46.494 --> 00:41:51.594
I never thought it would be, I don't know, I never thought there'd be something that I couldn't overcome.

00:41:51.594 --> 00:42:07.407
And if you just go at things with the mindset that there's a solution to every problem yes, might not be the first thing that jumps to your mind, but there, and don't be afraid to reach out and ask people you know, ask in the group, ask locally.

00:42:07.407 --> 00:42:11.409
If it's something that local knowledge is, you know, a better solution for.

00:42:12.425 --> 00:42:15.929
Just ask yeah, what was your biggest fear?

00:42:17.606 --> 00:42:29.438
Not finding, not finding the right people to help out, because I can't do this alone, I don't have time or the skills or, you know, like that was never my part of my plan.

00:42:29.438 --> 00:42:38.436
So I was, I was, I was a little worried about just finding the right people, but didn't, you know, end up being a bad thing?

00:42:38.436 --> 00:42:45.923
I didn't really worry about losing money because I thought, even if I break even, it's made a nice house, someone's got a good home.

00:42:45.923 --> 00:42:50.914
You know, I was telling myself all those things, it's good to make the profit, you know, and reinvest it and all that.

00:42:50.914 --> 00:42:59.351
But I don't know, I wasn't super scared, I was just excited and I think it's because I felt well prepared.

00:42:59.351 --> 00:43:04.096
You know, yeah, and you go through the modules, you, you know, learn from people.

00:43:04.096 --> 00:43:13.231
I went into it feeling like I've done the work to be ready for this and I'm not scared about it.

00:43:13.844 --> 00:43:14.509
I love that.

00:43:14.509 --> 00:43:24.210
One of the biggest outcomes that people get yeah, the flip is great, that's fine, that's wonderful.

00:43:24.210 --> 00:43:38.210
I know everybody's here for the flip, but obviously some big things happen along the way to that and I think one of the biggest things, one of the biggest outcomes, is People learn to trust themselves more.

00:43:38.210 --> 00:43:46.010
Trust that they will be OK If something comes up, trust that there is a solution, even if it's not the first thing you try.

00:43:46.010 --> 00:43:50.313
Just try something else, it'll be OK, you will be OK.

00:43:50.313 --> 00:43:55.715
So I'm glad that you had that mindset going into it.

00:43:56.264 --> 00:43:59.192
It feels good to solve a problem Sure, going to learn something along the way.

00:43:59.192 --> 00:44:01.092
And you're like, yes, OK, I did this.

00:44:02.224 --> 00:44:11.434
Honestly, if there weren't problems to solve, I wouldn't be doing it Like it's I love the puzzles I love it's like it's stimulating, right.

00:44:11.434 --> 00:44:17.831
It's like, yeah, it makes me feel like like I, like you said, like I'm learning and growing.

00:44:17.831 --> 00:44:21.753
So, yeah, well, kudos to you.

00:44:21.753 --> 00:44:27.554
You did it and you're doing it again, yes, and again, and again, and again, and again, and again and again.

00:44:27.554 --> 00:44:28.869
Well, we'll have you back.

00:44:28.869 --> 00:44:31.612
You can debrief us on number two how it went.

00:44:31.612 --> 00:44:32.914
Thank you, debbie.

00:44:32.914 --> 00:44:37.675
Thanks Angela, thank you for for just being you and the group.

00:44:37.675 --> 00:44:38.387
I.

00:44:38.387 --> 00:44:39.230
We appreciate it.

00:44:39.230 --> 00:44:40.570
I appreciate it very much.

00:44:40.570 --> 00:44:41.528
I'm so glad you're here.

00:44:41.528 --> 00:44:43.048
I'm so happy to be here.

00:44:43.048 --> 00:44:43.972
Thanks, angela.

00:44:43.972 --> 00:44:45.110
All right, I'll see you in the group.

00:44:45.110 --> 00:44:46.550
Ok, bye.

00:44:48.326 --> 00:44:50.574
Those lessons were great, right?

00:44:50.574 --> 00:44:53.534
So to recap lesson one look at the big picture.

00:44:53.534 --> 00:44:57.916
The cheapest bid may end up costing you more in the long run.

00:44:57.916 --> 00:45:04.231
And then, number two take time to find better pricing on materials without sacrificing quality.

00:45:04.231 --> 00:45:07.715
All right, take the time to research and find the best deals.

00:45:07.715 --> 00:45:10.505
And then, number three keep better records.

00:45:10.505 --> 00:45:16.525
Oh, I know that's a downfall for a lot of us, but such great reminders.

00:45:17.230 --> 00:45:27.471
Thank you again, angela, for sharing your story with us and listener, if you are still sitting on the sideline, thinking you can't do it because you've got kids, because you've got a full time job, because you've got this and that.

00:45:27.471 --> 00:45:28.534
Yes, you can.

00:45:28.534 --> 00:45:31.704
If you're committed to the goal, you will find a way to make it happen.

00:45:31.704 --> 00:45:34.755
All right, we are here to help.

00:45:34.755 --> 00:45:43.864
We give you daily guidance, daily coaching, daily support, the steps to take everything you need to do the thing.

00:45:43.864 --> 00:45:48.925
If you want our help, go to herfirstflipcom and book a call with us.

00:45:48.925 --> 00:45:50.739
We'd love to connect with you.

00:45:50.739 --> 00:45:59.063
All right, until next time, go out there, flip houses like a girl, leave people in places better than you find them and make it a great day.

00:45:59.063 --> 00:46:01.014
Bye, y'all.