Entry Level House Flip - $220K Profit - Start to Finish, Before and After, Numbers & Takeaways

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  • Опубликовано: 25 янв 2025

Комментарии • 308

  • @TransformRealEstate
    @TransformRealEstate  4 года назад +27

    Watch next: House Flip Before and After 2020 - $300K Profit from House Renovation & Garage Conversion
    ruclips.net/video/BGwlfGNcRro/видео.html

    • @benjaminlee193
      @benjaminlee193 4 года назад

      What an awesome job you did, love it! Seeing also that you did it with such a reasonable rehab cost. Can you share how you found a good contractor?

    • @YawenWang17
      @YawenWang17 3 года назад

      Great video. Can you make a video on how to work with the contractors to get the results that you want?

  • @julietruong
    @julietruong 4 года назад +210

    Love how detailed this is, as not a lot of people share this much in depth. Really appreciate your honesty and knowledge!

    • @TransformRealEstate
      @TransformRealEstate  4 года назад +14

      I'm so happy to hear that! Let me know if you are interested in learning anything else :)

  • @lezkarma2324
    @lezkarma2324 4 года назад +120

    When i heard you bought it for 700k I thought a massive house since i live in Georgia but I forgot its in California

    • @PeytonJohnson05
      @PeytonJohnson05 4 года назад +18

      Same! I was expecting a 6,500 Square foot house with a pool in the back. Lol

    • @PawsitiveKitty
      @PawsitiveKitty 4 года назад +5

      South Carolina over here, and I DEFINITELY had the same thought lol

    • @gabrielanthony1856
      @gabrielanthony1856 4 года назад

      @Student Blayson Aultman not in austin

    • @thejcfestra
      @thejcfestra 4 года назад +2

      Lol, I live in L.A and sadly I expected this and was not surprised

    • @happydays1336
      @happydays1336 4 года назад

      Calif. prices would give you several acres and a fancy house where I live.
      It'd be like a huge raise or bonus if Californians moved to a different state even if they took lower paying jobs.

  • @KeilyShhh
    @KeilyShhh 3 года назад +1

    OMG, you are my new favorite channel on RUclips :)

  • @gabrielanthony1856
    @gabrielanthony1856 4 года назад +33

    I buy houses in the 10-40k range and sell for around 100-200k. I make around 70-100k in profit. I usually buy and fix around 10 a year.

    • @stallionmusic750
      @stallionmusic750 4 года назад +2

      Where in the country are you located?

    • @blavang95
      @blavang95 4 года назад +1

      How are you able to get so many houses just in a year? Do you get a big loan that covers them all?

    • @King-2077
      @King-2077 3 года назад +11

      I smell bs

    • @rodneykerley9391
      @rodneykerley9391 3 года назад +4

      where in the hell can you buy a house for 10k.

    • @monclercoat7814
      @monclercoat7814 3 года назад +5

      @@rodneykerley9391 probably detroit or something

  • @miraclestivender651
    @miraclestivender651 2 года назад

    Holy crap you made $220,000.00k in 3 months wow that's great. Man I'm ready to start my journey this Friday.

  • @susanmark2000
    @susanmark2000 2 года назад

    So fresh and bright! Love it!

  • @parmjeetsingh9208
    @parmjeetsingh9208 3 года назад +5

    Yet i am 18 years old nd u r my teacher for next 10 years .. Great effort mam . Subscribed ❤

  • @fredsalfa
    @fredsalfa 3 года назад +7

    Congratulations on this flip. Could I ask how come sometimes you re-tiled bathrooms and other times you reglazed them? Does it depend on your calculations on what the after repair value will be? And all other calculations?

  • @origamibenjamin5582
    @origamibenjamin5582 2 года назад +1

    Thank you for so detailed information

  • @RadioNul
    @RadioNul 2 года назад

    Nice solution on the tiles

  • @الوردةالحمراء-غ3ذ8ش
    @الوردةالحمراء-غ3ذ8ش 3 года назад

    You so smart good luck with everything 😍😍😍😍

  • @dinacarroll9211
    @dinacarroll9211 Год назад

    How do you know if the wall is load bearing?

  • @DR.VonDoom24
    @DR.VonDoom24 2 года назад

    Quick question, how is the business doing with this economy. How do you make up to accomodate to the economy.

  • @jessicacaraway3482
    @jessicacaraway3482 4 года назад +3

    We bought a house here in rural Alabama about the same size and condition as this (only with more land) for 20k, put 2.5k into remodeling, sold it for 50k. It's crazy how different areas of the country have such a difference in price lol. My jaw dropped when she said 1,000,000😬. People probably make more money over there though.

    • @TransformRealEstate
      @TransformRealEstate  4 года назад +3

      Ha! I know in other parts of the country housing prices are much lower! Good for you that you got it all done for much cheaper! You are right that the margins here are better.

    • @maolo76
      @maolo76 3 года назад

      Yeah but how much is your salary per year? A two-income professional household in bay area California could make over $250k year. With 20% down...they can afford it. But yeah $1 million is expensive. Phuck California... lol.

  • @singagestudio387
    @singagestudio387 4 года назад +1

    wow thats amazing....im a real estate investing as well im working on my First Flip....

  • @svddwd
    @svddwd 2 года назад

    For living room what is preferred- Curtains or Faux Wood blinds? Please provide some input.

  • @mdhossain7714
    @mdhossain7714 10 месяцев назад

    what kind of utilities or insurance you paid? do you take the permit from the township or the contractor takes the permit?

  • @pillyhere
    @pillyhere 4 года назад +1

    I live in CA and in my area, a 700k house is beautiful, new and modern. That's insane.
    And that fireplace is hideous. lol

  • @chiminreign_7125
    @chiminreign_7125 2 года назад +1

    Could you (or someone in the comments) explained the data analyzer math, because I\m not understand how you got the number for profit?

    • @loui61idea
      @loui61idea 2 года назад

      The sold price (1085000) - purchase price 700,000 - all other costs (inlcuding rehab, financing fee, commissions fit) etc, you'll get the profit. Then the profit/all the cost (purchase price 700,000 + all other costs (inlcuding rehab, financing fee, commissions fee) = 864,280 ), you'll get the projected profit%

    • @VeronicaGrimes_tc
      @VeronicaGrimes_tc Год назад

      Hey! @chiminreign_7125 Did you ever get the help you need? I would love to help you in any way I can especially funding your transactions. Reach out anytime.

  • @justlivin1234
    @justlivin1234 4 года назад +1

    Hello, I am interested in flipping houses as well. I have the credit and a little money saved. I just need guidance on where to start. any ideas.

  • @henrystrainsandmore3546
    @henrystrainsandmore3546 4 года назад +59

    I love this flip! I have never seen re-glazed tiles before but they look great!

    • @TransformRealEstate
      @TransformRealEstate  4 года назад +8

      Aww, thank you! Yeah, you can save so much money by reglazing the tiles :)

    • @jessicaanderson3455
      @jessicaanderson3455 3 года назад

      Is it a special paint for the fireplace reglaze?

    • @sonnywilson9125
      @sonnywilson9125 3 года назад +1

      Re-glazed is just another name for paint from home depot B.S.

    • @onthehill3381
      @onthehill3381 2 года назад +1

      We did this to bathroom tiles. It’s a really cheap fix that ends up a peeling mess. I do not recommend it,

    • @kennyhaselhorst7332
      @kennyhaselhorst7332 2 года назад +1

      @@onthehill3381 if you do it right with the right paint I have it one for 10+ years still looks good.

  • @bigblue8986
    @bigblue8986 2 года назад

    What color are the walls ?

  • @MrHerbertgraham30
    @MrHerbertgraham30 2 года назад

    How much did it actually cost to rehab the house (gutter, put in flooring, new kitchen, equipment, and labor, etc)??

  • @Ronopoly-s6h
    @Ronopoly-s6h Год назад

    Im interested in auctions foreclosures for flipping

  • @iamokay5676
    @iamokay5676 3 года назад

    Beautiful work!!! Can you please share the gray paint color on the living room walls? Thank you!

  • @thebluewells9548
    @thebluewells9548 4 года назад +58

    Cali aught of be ashamed of itself.. $1.5 mil for those P.O.S houses??!!

  • @ismaeldelgadillo2828
    @ismaeldelgadillo2828 3 года назад

    I really like your video

  • @priyangshudas6285
    @priyangshudas6285 3 года назад +1

    Loved it ! Thank you very much and can you pls also make some videos on what to keep in mind when Buying a first investment house for the first time.
    Just subscribed !

  • @Ruvana
    @Ruvana 2 года назад

    Hi thanks so much for your videos. I am trying to connect with you. How can I do that? i would really appreciate responding back.You're truly amazing!! I live the central valley ca

  • @kellypiepho
    @kellypiepho 3 года назад

    Beautiful.

  • @vickinoeske1154
    @vickinoeske1154 3 года назад +7

    I've never seen another Utube channel where the house flipping process is so well explained. Very detailed.

  • @pamvirgin1652
    @pamvirgin1652 4 года назад +4

    I absolutely love this video!! I come from a medium-sized market in Northeast Arkansas and my mind is just BLOWN by the numbers you are working with. The exact same house in my city would sell for anywhere from $155,000 to $180,000. So while we are nowhere on the same playing field, I am learning a lot from you. God bless you and thanks!!

  • @mkanee
    @mkanee 4 года назад

    I love your videos.

  • @6668-x5y
    @6668-x5y 3 месяца назад

    Do you need a permit to take out the non load bearing wall?

  • @franis007
    @franis007 3 года назад

    I love this job

  • @LdangerB
    @LdangerB 3 года назад

    Entry level home be over a million dollars 😬😬😬😬 beautiful Reno, love love the open kitchen.

  • @lukem5962
    @lukem5962 10 месяцев назад

    Did you need to put down 20-30% then pay 80k in rehab? How does that work?

  • @QuickHowToVideos
    @QuickHowToVideos 4 года назад +8

    Great video. I want to do my second flip this year.

  • @empyrliving3054
    @empyrliving3054 4 года назад

    very cool transformation!

  • @Floridasky1977
    @Floridasky1977 3 года назад

    what kind of house design is the easiest to sell ? modern , european classics, or minimalist / contemporer ?

    • @TransformRealEstate
      @TransformRealEstate  3 года назад

      It depends on the area.

    • @VeronicaGrimes_tc
      @VeronicaGrimes_tc Год назад

      @Floridasky1977, How are you? If you need help with any of your transactions including funds, I can help you. Feel free to reach out.

  • @mmandyyee
    @mmandyyee 4 года назад +1

    Thanks for the information

    • @TransformRealEstate
      @TransformRealEstate  4 года назад

      My pleasure! Let me know if you are interested in seeing anything else on the channel!

  • @Akilan21
    @Akilan21 4 года назад +24

    I recommend getting a wide angled camera! But great video keep it up, thanks for being showing all the numbers !

  • @TrueStoryBroker
    @TrueStoryBroker 2 года назад

    That was great! What month and year did you sell this?

    • @VeronicaGrimes_tc
      @VeronicaGrimes_tc Год назад

      @rerichdad, How are you now? If you ever need help with funding your transactions, do not hesitate to reach out.

  • @ryanpagoria9622
    @ryanpagoria9622 2 года назад

    how are your closing costs so low?

  • @jwfonseca1
    @jwfonseca1 2 года назад +1

    Hi! How did you calculate the 26% projected profit? Great work!

    • @VeronicaGrimes_tc
      @VeronicaGrimes_tc Год назад

      Hi @wfonseca1, How are you since your last post? If you ever need help with funding your transactions, I would love to be a resource for you. Please do not hesitate to reach out.

  • @Detonator007
    @Detonator007 3 года назад

    Could you share the brand of the Laminate floors, there are like 1000 options : ) ??

    • @TransformRealEstate
      @TransformRealEstate  3 года назад

      Sorry, those floors are discontinued ☹️

    • @Detonator007
      @Detonator007 3 года назад

      @@TransformRealEstate Could you share the Manufacturer’s name ?? I understand the exact floor might be discontinued

  • @jayd3455
    @jayd3455 4 года назад +4

    I LOVE what you did with the house 😭😭

  • @MrSaadia27
    @MrSaadia27 3 года назад

    how the school district matter so much with the long school social distance? I wondering if this has change in California. I Florida new construction is going very high and exciting houses are flying sold in less that 3 days.

  • @SangHTX
    @SangHTX 4 года назад

    Great video! 👍

    • @TransformRealEstate
      @TransformRealEstate  4 года назад +1

      Thanks Sang! I'm starting to get a hang of RUclips video making :D

  • @quaneshakidd5162
    @quaneshakidd5162 2 года назад

    Do you need your realtor licenses to sell and flip?

  • @chenwang5857
    @chenwang5857 2 года назад

    Could you list the link to the materials you used in the flip?

    • @VeronicaGrimes_tc
      @VeronicaGrimes_tc Год назад

      @chenwang5857, How are you? Did you ever get your first deal? If you need help with transaction funding, feel free to reach out.

  • @moaudir
    @moaudir 4 года назад +1

    Dayummmm love the transparency ! Keeping it real. Subscribed

  • @nedwards2465
    @nedwards2465 3 года назад

    Those glazed tiles though 🤣🤣

  • @alexiskeys
    @alexiskeys 4 года назад +4

    What’s considered an “entry level “ home?

  • @judith.corinne
    @judith.corinne 4 года назад

    This is amazing

  • @priceandpride
    @priceandpride 3 года назад

    Is this in the Bay Area?

  • @SA-ii1bj
    @SA-ii1bj 3 года назад +1

    How do you get into house flipping, through a loan? There’s no way I could get a house to flip if I don’t have the high amount of money to purchase it

    • @VeronicaGrimes_tc
      @VeronicaGrimes_tc Год назад

      @SA-ii1bj How are you now? If you ever need help with funding your transactions, do not hesitate to reach out.

  • @foxygaming428
    @foxygaming428 3 года назад

    What you mean by entry level houses someone please explain

    • @VeronicaGrimes_tc
      @VeronicaGrimes_tc Год назад

      @foxygaming428, How are you since your last post? Did you get your questions answered? I can be a resource for you or even funds your transactions if you need it. Feel free to reach out!

  • @perothegoat6042
    @perothegoat6042 2 года назад

    Can you teach me how to fix and flip house

    • @TransformRealEstate
      @TransformRealEstate  Год назад

      Yes! Thanks for your interest. I just launched my coaching program, Transform Flipper Academy, to teach you flip houses the right way. If you're still interested, you can apply here: transformflipperacademy.com

  • @kentheengineer592
    @kentheengineer592 4 года назад +1

    Transform Real Estate could you walk me through what you do to derive the After Repair Value seems like a lot of people i've watched on youtube and talked to on linkedin and facebook don't know what they are doing and yet call themselves remodelers go figure anyway i would like to find out if you are different

  • @sgtlucifer6883
    @sgtlucifer6883 3 года назад

    Question: interior design or layout would be quite challenging for me. where would you suggest i find professional assistance with layout, color coordination, and all the sophistication that would make the difference? thanks.

  • @gilles3080
    @gilles3080 4 года назад +4

    Hey there I just wanted to know more about how you started, especially finding your builders, builders that you trusted. Talk to me a little about how that process went, as well as how you avoided mistakes related to contracting. That sort of stuff! thank you

  • @lvtflooringstore7687
    @lvtflooringstore7687 3 года назад

    nice job

  • @Hi-nh7wu
    @Hi-nh7wu 3 года назад +4

    Was looking for a house flip video, couldn’t find any I like but this was exactly what I was looking for! Great quality, in depth definitely subscribing.

  • @happydays1336
    @happydays1336 4 года назад +1

    I love your videos but they can be hard to watch because the camera keeps tilting and sweeping around rooms and hallways.

  • @lupeavalos9342
    @lupeavalos9342 3 года назад

    Who was your mentor ?

  • @LauraLigmail
    @LauraLigmail 3 года назад

    What license is needed for flipping house ? 😉

    • @TransformRealEstate
      @TransformRealEstate  3 года назад

      No license needed

    • @VeronicaGrimes_tc
      @VeronicaGrimes_tc Год назад

      @LauraLigmail, if you ever need help with transactions funding, I can be a resource for you. Reach out any time.

  • @02zch
    @02zch 4 года назад

    Can someone tell me what city is this please ?

  • @BigGeno
    @BigGeno 4 года назад +2

    Do you use hard money lenders? Curious to know what the mortgage payments or interest for investment prosperities are like. Thanks love the channel

  • @alissamaaliki5883
    @alissamaaliki5883 3 года назад +1

    Great content and very thorough….thank you

  • @wenolivia895
    @wenolivia895 3 года назад

    May I ask how did you find your contractors?

    • @VeronicaGrimes_tc
      @VeronicaGrimes_tc Год назад

      Hey! @wenolivia895 How are things going now? If you need help with anything including funding your transactions, I can be a resource for you. Reach out anytime!

  • @rickysudargo3922
    @rickysudargo3922 4 года назад

    Do you always sell the house fully furnished?

    • @TransformRealEstate
      @TransformRealEstate  4 года назад +1

      No, I don't. I just have it staged so buyers can visualize better. It really helps.

    • @rickysudargo3922
      @rickysudargo3922 4 года назад

      @@TransformRealEstate What do you do with all furnitures after you find the buyer?

    • @bronk33
      @bronk33 4 года назад +1

      @@rickysudargo3922 there are staging services. You can google in your area.

  • @chancenebeker4481
    @chancenebeker4481 4 года назад

    what city is this

  • @chelseawatso1613
    @chelseawatso1613 4 года назад

    I really like the kitchen island. What did you use on the counters?

  • @kartik9460
    @kartik9460 2 года назад

    Am from India so can i do this from India in USA or Canada like countries

    • @seedcraft7689
      @seedcraft7689 2 года назад +1

      how can u renovate a house in a different country 💀 typical from your country thinking like ths. go to school

    • @kartik9460
      @kartik9460 2 года назад

      @@seedcraft7689 if I can arraign a man who can do this for me then it could be much easier

  • @Brother_Nature.
    @Brother_Nature. 4 года назад

    wow wow wow....bravo.

  • @johnklin9383
    @johnklin9383 4 года назад +2

    Nice remodel for only $80k!

  • @DavidOldenburg1
    @DavidOldenburg1 3 года назад

    I'm impressed $220K profit! I flipped a house in 2 weeks a few years ago and made $160K profit, my biggest ever. This is a great video!

  • @williamalexander6130
    @williamalexander6130 4 года назад

    Oh yeah, that's dope

  • @mupals
    @mupals 4 года назад +2

    What about property taxes while you were holding the house for 3 months ?

    • @TransformRealEstate
      @TransformRealEstate  4 года назад +1

      That's included in the Closing costs. I do get supplemental tax bills after I sell the houses though, but I deal with them when they arrive :D

  • @chengkang20022002
    @chengkang20022002 3 года назад

    i live in Seattle. shocked by SF price tag.

  • @NEIDRA_
    @NEIDRA_ 4 года назад +1

    500 people at your open house?? Wow! Can you do a video on How to get people at your open house?

    • @TransformRealEstate
      @TransformRealEstate  4 года назад +1

      Yeah, it was crazy busy! I'll have to think about it - not sure there's enough to talk about. The main thing is to price is a little lower than market price :D

  • @haiha8124
    @haiha8124 4 года назад

    . Thank you .

  • @thejcfestra
    @thejcfestra 4 года назад +4

    Great job, what color do you use on the walls and was it gloss, semi or no gloss ?

    • @TransformRealEstate
      @TransformRealEstate  4 года назад +4

      Thanks! The bathroom walls are semi gloss, but the rest of the house is flat. I don't remember but I think the wall color is San Francisco Fog by Kelly Moore.

  • @EngiNBiz
    @EngiNBiz 4 года назад +1

    700k. What. What is the average California salary

  • @realestatemotivated
    @realestatemotivated 3 года назад

    Love it. Great Breakdown.

  • @lindap.p.1337
    @lindap.p.1337 3 года назад

    It looks so much better. Amazing price!

  • @cluu888
    @cluu888 4 года назад +2

    Great video first of all!
    Just wondering if i can invest with you, I also live in SF, thanks

  • @portlandval55
    @portlandval55 4 года назад +4

    Really great to see woman in the business end of deal creation. I have searched for channels like yours. I am a landlord but would like to do some flips. Thank you for the details of what you did. Very impressive work. Inspirational.

  • @streetdreamzgarage7170
    @streetdreamzgarage7170 3 года назад +1

    Very informative and detailed! Great flip!

  • @thewholespread3358
    @thewholespread3358 4 года назад +3

    Hi Elisa, I love your videos. I just bought a home in the bay area that also has popcorn ceilings. Did you have to get it tested for asbestos prior to working on it or is that something the contractor did and subcontracted accordingly?

    • @DreeaR
      @DreeaR 3 года назад +1

      I’m curious about this as well

  • @lindap.p.1337
    @lindap.p.1337 3 года назад

    The homes are SO close together!

  • @diya4102
    @diya4102 2 года назад

    how did you pay for 700k?

  • @Redcuptalks
    @Redcuptalks 3 года назад

    Great information! Please choose another song for the background next time :)

  • @rjfisher7926
    @rjfisher7926 4 года назад +1

    This woman has such a wonderful personality. How does she not have her own HGTV show?

    • @TransformRealEstate
      @TransformRealEstate  4 года назад +1

      Haha, thanks! I’ve been contacted by some TV producers but they want to see partners with more drama, and I’m just a one woman show

  • @lukeagusto1674
    @lukeagusto1674 3 года назад

    Are you an architect

  • @Anay345
    @Anay345 3 года назад

    do you get to keep all the profits?

  • @Anonymous-ji4sb
    @Anonymous-ji4sb 3 года назад +1

    You look sooooooooooooooooo much like Miranda Cosgrove, that ICarly girl.

  • @Crazyarchfiend
    @Crazyarchfiend 4 года назад +1

    That fireplace and bathrooms are so ugly 🤢. But I'm glad you saved so much money!