MY FIRST HOUSE FLIP AS A BEGINNER | PART 3

TL;DR

The narrator visits the house being flipped and shares updates on the painting, installing new gates, and upcoming tasks like tiling and staging.

Transcript

I just got a text message from Lenny and letting me know that he wanted me to stop by the house that I put it with the hard money loan so I'm gonna go check it out it's about an hour away so just wanted to keep you guys up today alright guys so it looks like they have done the full spray of outside of the house I'd say there's still a couple worker... Read More

Key Insights

• 🧑‍⚕️ Building relationships with workers can help prevent conflicts and make the flip process more efficient.
• 👶 Unexpected issues can arise during a flip, such as the need for a new door or replacing vanities.
• 🥳 Being a day behind schedule can incur additional costs but is manageable.
• 👂 The next steps involve carpet installation, grouting, and staging the house for listing.
• 🐬 The narrator is excited to show the final product of the flip.
• 😤 The flip team consists of various trades, including painters, tile workers, and carpenters.
• 😤 The narrator emphasizes the importance of teamwork and a strong team in a successful flip.

Questions & Answers

Q: How does the narrator ensure that the workers get along with each other?

The narrator has built relationships with the workers beforehand to make sure they can work together efficiently, preventing conflicts and ensuring a smoother flip process.

Q: Did any unexpected issues arise during the flip?

One unexpected issue was the need for a new door, which had to be replaced. Additionally, the vanities were supposed to be painted but ended up being replaced instead, slightly altering the schedule.

Q: How does being a day behind affect the flip?

Being a day behind can result in additional costs, such as holding costs and utility bills. However, it is not a major setback and can be managed as long as the project continues to progress.

Q: What is the next step after the tile work and vanities?

The next steps include carpet installation, grouting, and putting back the remaining furniture and fixtures. Once these are done, the house will be staged for listing.

Summary & Key Takeaways

• The house has been fully painted with modern and attractive colors, including the gate.

• The tile work and installation of vanities are scheduled for the next day.

• The project is slightly behind schedule due to poor management on the part of the painters.