The Real Estate Investors Easy Money Dream Home

TL;DR

Real estate investor tours newly acquired property, plans renovation for potential profit in 2020.

Transcript

hey guys Zach can flip with work here I'm actually dropping to another deal that I'm going to show you stay tuned and see new 2020 deals and updates of channel alright guys I can flip with her back with another video today I'm going to show you about a new deal that we just got and we'll show you some 2020 goals and everything like that to show you... Read More

Key Insights

• 🛄 Investor acquired a property with a cooperative tenant, aiming to profit from renovating and selling it.
• 🏘️ Property is a 3-2 house needing cosmetic upgrades to increase its market value.
• 🇨🇷 Estimated renovation costs are around $2k for the interior and $1.6k for the exterior.
• 🌱 Investor plans to sell the renovated property for $150-160k, generating a potential profit.
• 🥶 Interior tour revealed the need to remove old furniture, upgrade appliances, and address cosmetic issues.
• 🛀 Exterior inspection showed stucco cracks that need fixing, with plans to repaint the property.
• ❓ Property has potential for profit in the 2020 real estate market after renovation efforts.

Questions & Answers

Q: What was the investor's initial investment in the property?

The investor purchased the property for around $95k, with total expenses estimated to be around $100k including selling expenses and holding costs.

Q: What are the investor's plans for the renovation of the property?

The investor plans to renovate the property by removing old furniture, upgrading appliances, and making cosmetic fixes to increase the property's value before selling.

Q: What are the projected selling price range for the renovated property?

The investor aims to sell the renovated property for $150-160k, hoping to make a profit by increasing the property's value through renovation efforts.

Q: How does the investor plan to handle interior and exterior renovations?

The investor plans to focus on cosmetic upgrades for the interior, such as removing old furniture and upgrading appliances, while patching up stucco cracks and repainting the exterior.

Summary & Key Takeaways

• Investor drives to newly acquired property, meets tenant, evaluates interior condition for potential renovation and profit.

• Property is a 3-2 house needing cosmetic upgrades, investor plans to sell for $150-160k.

• Tour reveals current condition, plans to renovate, potential costs, and projected profit.