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Old 08-12-2010, 10:25 AM   #51
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Great job on that house!
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Old 08-12-2010, 11:40 AM   #52
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4 Partners is hard to deal with. I have one Partner, same partner in all my business's. We just work out as Partners. I know a lot of people don't do well with Partners. Getting 4 peoples opoionion on a remodel is tough. He lets me do whatever I want on some of them, and I give him the green light on how he wants to do them. But I agree, it's fun when you can sell off the final product and be proud of what you built. And as a reward, you get a profit at the end of the day.
Our major problems came around once we had out main ideas planned out. We got the house and started with a bang. In one weekend we all agreed on how the new layout, colors, upgrades etc would be done and did all the demo that need to happen for us to do this. Then people just started getting lazy. I was the only one that was self employed so it seemed like most of it got dumped on me to handle since I could be free during the day.

The hardest part was just getting people motivated to get in and work on the house. We got a deal where we had no payments for 90 days. We wanted to have the house done and sold in that time. After the first weekend I think everyone started feeling like we had plenty of time so they dragged their feet and always had reasons not to work. In the end it actually took us 4 months to flip it, but had people been motivated it could have happened in 1-2 easy.
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Old 08-12-2010, 01:05 PM   #53
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looks awesome doode! can you do the same with my house ? :P
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Old 08-12-2010, 03:12 PM   #54
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Our major problems came around once we had out main ideas planned out. We got the house and started with a bang. In one weekend we all agreed on how the new layout, colors, upgrades etc would be done and did all the demo that need to happen for us to do this. Then people just started getting lazy. I was the only one that was self employed so it seemed like most of it got dumped on me to handle since I could be free during the day.

The hardest part was just getting people motivated to get in and work on the house. We got a deal where we had no payments for 90 days. We wanted to have the house done and sold in that time. After the first weekend I think everyone started feeling like we had plenty of time so they dragged their feet and always had reasons not to work. In the end it actually took us 4 months to flip it, but had people been motivated it could have happened in 1-2 easy.
I know where you are coming from Kane.
First problem is everyone needs to be motivated and have a passion for it. If you don't enjoy doing something, it won't get done.

Seems like you enjoy it, but the others don't.

I bet if they started seeing 100K profit from each one, they would all quit their day jobs and end up having a passion for it.

Best advice to you since you enjoy it most and seem to be the most dedicated. Get rid of the partners, buy a smaller house but make more of the profit. No partners to deal with.
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Old 08-12-2010, 03:13 PM   #55
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looks awesome doode! can you do the same with my house ? :P
Sure, what time works for you. Free Consultation.
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Old 08-12-2010, 03:18 PM   #56
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Very nice man, seems like a fun hobby but definitely not one for a middle class person it seems.
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Old 08-12-2010, 03:18 PM   #57
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that`s pretty impressive!!! Great work
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Old 08-12-2010, 03:20 PM   #58
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Looks really good Dave, nice work.
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Old 08-12-2010, 03:20 PM   #59
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Very nice man, seems like a fun hobby but definitely not one for a middle class person it seems.
Sure it is, Just start on a small house if you can find a good deal.

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that`s pretty impressive!!! Great work
Thanks Konkan
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Old 08-12-2010, 03:20 PM   #60
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Looks really good Dave, nice work.
Thanks Kristin
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Old 08-12-2010, 03:26 PM   #61
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Thank you,
I thought about it but I hate being in front of the camera.
Get your hottie wife to play the pro flipper, now THAT will get an audience going
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Old 08-12-2010, 03:29 PM   #62
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Get your hottie wife to play the pro flipper, now THAT will get an audience going
Thank you,

Great idea, But she is producing her own show that should be airing hopefully on NBC in about a month. But nothing is guaranteed in that business. But so far, it's looking good.
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Old 08-12-2010, 03:31 PM   #63
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i misread the title, i thought you wrote *here are a couple of mine*

anyhoo, cool!

lolz
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Old 08-12-2010, 03:36 PM   #64
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Thank you,

Great idea, But she is producing her own show that should be airing hopefully on NBC in about a month. But nothing is guaranteed in that business. But so far, it's looking good.
Keep us in the loop, will be curious to watch that show
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Old 08-12-2010, 03:42 PM   #65
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Before


After
Dave - I'm curious how you took living space away (by adding the garage), added new windows, a new roof, and did the interior re-model and still made a profit.
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Old 08-12-2010, 03:53 PM   #66
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Keep us in the loop, will be curious to watch that show
Thank you, I will.

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Dave - I'm curious how you took living space away (by adding the garage), added new windows, a new roof, and did the interior re-model and still made a profit.
Actually, the house has to have a garage, the former owners had removed the Garage Door and turned it into a bedroom illegally. And to get FHA loans for a first time buyer, it must have a garage.

I picked it up really cheap, Complete Re-Pipe, moved water heater from inside to outside too, 70% new electrical, with new recessed lighting, brand new central heat. New Windows, New Doors, and kitchen, new bath, kept the hardwood and re-stained them. There is still plenty of room for Profit. Just need to be smart about it. Can't just call Subs and contract it all out.

It's hard to find, but there are deals out there.
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Old 08-12-2010, 03:58 PM   #67
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You can see why I got it cheap.
This is this same room. Just shot at a different angle.

Before


After
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Old 08-12-2010, 04:02 PM   #68
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i once helped remodelling a club - incl. 24h shifts and sleeping in front of the bar to make it for the opening. cured me for life. but nice job on the house
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Old 08-12-2010, 04:06 PM   #69
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I'm very impressed.

You saved that house. The original owners would cry if they saw it.
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Old 08-12-2010, 04:12 PM   #70
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I know where you are coming from Kane.
First problem is everyone needs to be motivated and have a passion for it. If you don't enjoy doing something, it won't get done.

Seems like you enjoy it, but the others don't.

I bet if they started seeing 100K profit from each one, they would all quit their day jobs and end up having a passion for it.

Best advice to you since you enjoy it most and seem to be the most dedicated. Get rid of the partners, buy a smaller house but make more of the profit. No partners to deal with.
You are probably correct about them being more motivated if there was more money in it for them.

Thanks for the advice. I have been thinking about getting back into it, maybe I will in future and if I do I will be going it alone and just hiring people to do things that I can't do myself.
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Old 08-12-2010, 08:23 PM   #71
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i once helped remodelling a club - incl. 24h shifts and sleeping in front of the bar to make it for the opening. cured me for life. but nice job on the house
Been there done that. Not fun at all. You just aren't ready for that many people to test what you built in one night. But it's fun when the first night is done and over with.
Then you can see how bad everyone thrashed the club after your hard work.

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I'm very impressed.

You saved that house. The original owners would cry if they saw it.
Thanks,

I have a friend that builds custom homes, he saw it on the first day and said not to buy it. He said level it and start fresh. I told him to give me a month, and now he is shocked its the same house. (And he is a builder) lol

I think they cried when the bank took it over, or they were happy since they probably owed a lot more then it was worth.

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You are probably correct about them being more motivated if there was more money in it for them.

Thanks for the advice. I have been thinking about getting back into it, maybe I will in future and if I do I will be going it alone and just hiring people to do things that I can't do myself.
If you are doing it out here in the LA area, hit me up. I have a lot of connections on Subs.
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Old 08-12-2010, 09:58 PM   #72
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Do you ever spend any of your budget on just landscaping/hardscaping or sprucing up the curb appeal besides painting the house and new roof? I see you trimmed those bushes some but for a few hundred more you could have built a mulch bed or something with fresh looking bushes or flowers
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Old 08-13-2010, 03:29 AM   #73
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You can see why I got it cheap.
This is this same room. Just shot at a different angle.

Before


After
You could have kept the original colour scheme


Only joking... as said before, great job.
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Old 08-13-2010, 07:12 AM   #74
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Why do people put granite in ghetto houses?

The reno looks great btw
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Old 08-13-2010, 08:10 AM   #75
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Do you ever spend any of your budget on just landscaping/hardscaping or sprucing up the curb appeal besides painting the house and new roof? I see you trimmed those bushes some but for a few hundred more you could have built a mulch bed or something with fresh looking bushes or flowers
It all depends on the home, but on this one, no need for landscape. The backyard grass was almost dead, but I put in a new Automatic Sprinkler system and brought the green back to life.
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Old 08-13-2010, 08:12 AM   #76
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Why do people put granite in ghetto houses?

The reno looks great btw
Because it's the most attractive part of the house, and if you do the math, it's almost the same price of Tile. People love Granite.
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Old 08-14-2010, 10:57 AM   #77
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Why do people put granite in ghetto houses?

The reno looks great btw
because kitchen and bathrooms sell houses, and granite is cheap as fuck now a days. the last house i did i spent $800 instead of $400 to get granite instead of cheap countertops.
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Old 08-14-2010, 11:29 AM   #78
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Very nice work, and a house that will make some family happy.

My family moved often since my father was involved in the highrise construction industry. He started as a carpenter and cabinet maker before I was born, while attending Cal Poly, and eventually became an architect.

He liked to move into fixer upper houses, and totally remodel them. The sad part was whenever one house was finished, we would generally move soon after. While I helped on many a project, I did not develop the same passion for that type of work. I also don't like moving, so I've lived in the same house since college (it's almost paid off, so we're finally starting to look at new homes).

Fortunately I have friends that are contractors, so when my wife wants something changed, I contact them and they give me a good deal.

ADG
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Old 08-14-2010, 11:50 AM   #79
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wow, this is amazing, you really have talent
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Old 08-14-2010, 07:02 PM   #80
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because kitchen and bathrooms sell houses, and granite is cheap as fuck now a days. the last house i did i spent $800 instead of $400 to get granite instead of cheap countertops.
So true, really helps sell a home too.

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Very nice work, and a house that will make some family happy.

My family moved often since my father was involved in the highrise construction industry. He started as a carpenter and cabinet maker before I was born, while attending Cal Poly, and eventually became an architect.

He liked to move into fixer upper houses, and totally remodel them. The sad part was whenever one house was finished, we would generally move soon after. While I helped on many a project, I did not develop the same passion for that type of work. I also don't like moving, so I've lived in the same house since college (it's almost paid off, so we're finally starting to look at new homes).

Fortunately I have friends that are contractors, so when my wife wants something changed, I contact them and they give me a good deal.

ADG
Thanks

I actually enjoy change, so I move a lot. Maybe not anymore now that I have settled down and have kids. It was easy when I was single.

It's nice to know people, because contractors can really screw you if you don't know what you are doing.

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wow, this is amazing, you really have talent
Thanks, If you spent enough time in Home Depot as I have, you would have the same talent.
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Old 08-14-2010, 08:29 PM   #81
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I kinda of do the same thing with commercial real estate, only I end up leasing it out to new tenants. Very profitable in high growth areas.
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Old 08-14-2010, 09:11 PM   #82
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I kinda of do the same thing with commercial real estate, only I end up leasing it out to new tenants. Very profitable in high growth areas.
I always worried about Commercial Properties. Everyone knows about the homes taking a hit, do you think Commercial is going to take a big hit because of tenants going out of business all the time. There seems to be so many empty retail space.

What areas do specialize in?
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