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#1 |
Too lazy to set a custom title
Join Date: Apr 2004
Location: LA
Posts: 11,190
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We all have Hobbies...Here are a couple pics of mine. (Enjoy)
Not sure how many people here like to flip homes. I enjoy them, I love the hunt, I love the negotiating and I love the remodeling. Most of all, I love how fast I can do them with the quality I put in them. We all need a balance in life to stay sane. So between my motorcycles and flipping homes, working in this industry. I think I have a pretty good balance.
Then of course, the family trips with the new additions to the family. This house looked like it needed to be leveled when I started it. Did the whole house in about 3 weeks. Before ![]() After Kitchen Before ![]() Kitchen After (Last thing was missing is that Switch Plate in this picture. lol ![]()
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#2 |
Porn is Dead. Move along.
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Join Date: Aug 2006
Posts: 13,295
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What did you make flipping that house?
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#3 |
Too lazy to set a custom title
Join Date: Apr 2004
Location: LA
Posts: 11,190
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I did pretty good. My conversion ratios are pretty good. Not as good as our CyberAge conversions. But pretty close.
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#4 |
Coupon Guru
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Join Date: Mar 2009
Location: Minneapolis
Posts: 10,973
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that's quite the difference with the before and after. Was that 3 weeks working full time, or how much time did it take?
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#5 |
Confirmed User
Industry Role:
Join Date: Sep 2007
Location: Los Angeles
Posts: 2,706
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Damn you are doing this in LA?
How long does it take to actually close on the houses though? I assume most are short sales or in foreclosure? How quickly are you able to move them after fix up? Been wanting to get into this so bad, it seems like so much fun!
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#6 | |
Too lazy to set a custom title
Join Date: Apr 2004
Location: LA
Posts: 11,190
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Quote:
I didn't do it myself, I used to 15 years ago before CyberAge, well, I was a one call do it all guy, but could never afford to buy homes then. I have a four man crew. They work full time, I just go see them in the Mornings and tell them what to do.
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#7 | |
Too lazy to set a custom title
Join Date: Apr 2004
Location: LA
Posts: 11,190
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Quote:
The hard part is getting the deals, you just need to make some friends that work with banks. Then negotiating against others to get the deal. They go in about 30-45 days because I price them right, and let the buyers bid each other out. It is fun. And safer than the stock market that's for sure. Especially after today's crash.
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#8 |
ICQ:649699063
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Join Date: Mar 2003
Posts: 27,763
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These houses are beautiful.
It's very difficult to build a beautiful house.
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#9 | |
Too lazy to set a custom title
Join Date: Apr 2004
Location: LA
Posts: 11,190
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Quote:
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#10 |
A freakin' legend!
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Join Date: Feb 2004
Location: Las Vegas, Nevada USA
Posts: 18,975
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Wow, nice work.
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#11 |
working on my tan
Industry Role:
Join Date: Mar 2005
Location: Florida/Kentucky
Posts: 39,152
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Very, very nice job!
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#12 |
Confirmed User
Join Date: Jun 2002
Location: Seattle
Posts: 1,062
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That's really impressive for 3 weeks work!
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#13 |
null
Industry Role:
Join Date: May 2006
Posts: 9,820
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Holy shit, thats awesome !
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#14 |
The People's Post
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Join Date: Dec 2008
Location: invisible 7-11
Posts: 63,905
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was hoping for pics of your other hobby..............
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#15 |
Too lazy to set a custom title
Join Date: Apr 2004
Location: LA
Posts: 11,190
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I gave that one up when I got married.
![]() But I have a few others.
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#16 |
Confirmed User
Industry Role:
Join Date: Sep 2007
Location: Los Angeles
Posts: 2,706
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Do you have a budget you shoot for on the purchase for this type of house? What area was that one in?
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#17 |
C.R.E.A.M
Industry Role:
Join Date: Apr 2003
Posts: 15,262
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great work am sure you made a nice profit
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#18 |
Confirmed User
Industry Role:
Join Date: Aug 2006
Location: Marysville,Wa
Posts: 1,155
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Nice work. That really looks like fun. I love watching all the shows on tv where they flip houses. I'd love to be able to do that. All my friends are Mexicans and they would work for cheap lol.
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#19 |
Drunk and Unruly
Join Date: Jan 2002
Location: Hollywood
Posts: 22,712
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Whoooaaaaaa! That's beautiful work.
Dave we gotta sit down and break bread now that I'm back out here. I have a spot near The Colony so whenever you are around lets do it. Congrats on the family!
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#20 |
Confirmed User
Join Date: Jun 2006
Posts: 292
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Very nice work Dave.
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#21 |
Confirmed User
Join Date: Oct 2009
Posts: 1,368
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Nice improvement, the house looks much much better after your conversion... well done Dave!
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#22 |
Confirmed User
Join Date: Aug 2002
Location: Sydney, Australia
Posts: 6,103
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Whats the best house you have done up? pics would be cool.
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#23 |
Industry Role:
Join Date: Aug 2001
Posts: 63,151
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Good work
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#24 |
She is ugly, bad luck.
Industry Role:
Join Date: Jan 2010
Posts: 13,177
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Colour change makes a massive difference
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↑ see post ↑ 13101 |
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#25 |
Too lazy to set a custom title
Join Date: Aug 2001
Location: portland, OR
Posts: 20,684
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Nice work. I did this once with some friends of mine. To be honest, it was a nightmare. Part of the problem was that we wanted to do most of the work ourselves and it was almost impossible to get them all to work on the house as a group. Eventually we got it done and got it sold, but splitting the money 4 ways made the profit shrink fast. For what I earned I wouldn't do it again with a group, but maybe someday on my own I would consider it.
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#26 |
Now with more Jayne
Industry Role:
Join Date: Dec 2002
Location: Los Angeles
Posts: 40,077
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That's pretty cool. If I was back in the States I would probably be doing something similar. My sister is really great with wood work and likes doing the physical side of remodelling and I have the marketing and decorating eye. Too hard to do it this far apart from each other though.
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#27 |
Too lazy to set a custom title
Join Date: Oct 2003
Location: Writer for hire :) Gallery descriptions, articles, blog posts etc. ICQ: 209 356 106
Posts: 12,117
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the before and after pics look pretty awesome, especially on the kitchen. I guess it's the perfect time to be buying houses in the US, right? Could be a bit harder selling, but still, it's something you will earn good money on in the long run.
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#28 |
Work Work Work
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Join Date: Nov 2008
Location: EU
Posts: 20,060
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Beautiful hobby. Sincere congratulations!
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#29 |
Too lazy to set a custom title
Join Date: Jun 2003
Location: Ottawa
Posts: 19,631
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you still make money on these places even with all that labor cost? are they legal? hehe. house flippers kinda piss me off. i mean if i were to buy that house not knowing how shitty it looked, i'd feel kinda taken if i ever did find out. even those the house is nice now it obviously was not taken care of and could have a lot of problems with the structure beyond what you can see.
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#30 |
Carpe Visio
Industry Role:
Join Date: Jul 2002
Location: New York
Posts: 43,052
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I live in a place where homes are so cheap you are betterowning and renting them out.
We have three at the moment and are always looking for more. |
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#31 |
Confirmed User
Industry Role:
Join Date: Oct 2007
Posts: 1,448
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That's why you get 2 - 3 independent building inspectors in, before you buy a house.
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#32 |
Confirmed User
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Join Date: Jan 2005
Posts: 2,316
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very nice
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#33 |
So Fucking Banned
Industry Role:
Join Date: Mar 2007
Location: UK
Posts: 7,957
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Looks nice. Was it worth it financially or is it because you enjoy DIY & all that.
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#34 |
Confirmed User
Industry Role:
Join Date: Nov 2004
Location: Praga
Posts: 8,033
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looks great !
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#35 |
GFY's Halfpint
Industry Role:
Join Date: Jun 2007
Location: UK
Posts: 15,223
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Nice work man and what a great hobby
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#36 | ||||||||||
Too lazy to set a custom title
Join Date: Apr 2004
Location: LA
Posts: 11,190
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Quote:
Quote:
I actually pay my guys really good, they've been with me for a long time. They do quality work which is why we work good together. But I still need to stay on them to make sure it all gets done right. I wanted to do a TV show as well, but they have quite a few already. Quote:
Lets set it up, I'm in Pasadena, Ca. Anytime works for me. Quote:
Unfortunately I just started taking pictures. But I've done some cheaper ones, and some high end homes as well. Quote:
Quote:
Its fun when you get the right deal. I usually try and find the worst house on the block. To what others seem like it's really bad, I know how to make it new, and better right when I see it. Quote:
It's a good idea but the problem is, everyone is buying now to sell in the long run. Can you imagine how many homes will be up for sale when or if Economy gets better. A lot. But if you keep the home buying low, and you can afford to sit on them like you said. You can always rent them out to pay the mortgage and sell it off in the future. Thank you. Quote:
It's also easier for buyers to get financed when the bank sees before and after pictures and all the quality repairs. Plus, I don't take shortcuts so the lucky buyer has the best and safest house on the block. Usually. Quote:
![]() Quote:
Thanks bud. If anyone needs any tips or advice in doing the same thing I'm doing. I don't mind helping. I'm pretty spot on when comping a property too. Contact info is below.
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#37 |
Confirmed User
Join Date: Sep 2009
Posts: 3,847
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Great job! looks amazing!
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#38 |
"Assassins"
Industry Role:
Join Date: Dec 2001
Location: At home
Posts: 17,277
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Nice work man.
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#39 |
There can be only one
Industry Role:
Join Date: Aug 2001
Location: Somewhere else
Posts: 39,075
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Looks great Dave, not bad for 3 weeks work.
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#40 |
Ah My Balls
Industry Role:
Join Date: Feb 2007
Location: Under the gold leaf ICQ 388-454-421
Posts: 14,311
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Very nicely done.
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#41 |
H.B.I.C.
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Join Date: Jun 2003
Location: NC
Posts: 30,122
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That looks great for being only 3 weeks work.
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#42 |
Too lazy to set a custom title
Industry Role:
Join Date: Sep 2003
Location: Canuckstikan
Posts: 22,663
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Amazing work Dave... You should get a camera crew to follow you and do couple of episodes for flip that house tv show ;)
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#43 |
Confirmed User
Join Date: Feb 2005
Posts: 3,374
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I've watched that tv show " Flip That House " and they get the whole thing remodeled and sold in an hour so I don't see what's the big deal.
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#44 |
There can be only one
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Join Date: Aug 2001
Location: Somewhere else
Posts: 39,075
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With time for commercial advertising even.
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#45 | |
Too lazy to set a custom title
Join Date: Apr 2004
Location: LA
Posts: 11,190
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Quote:
I thought about it but I hate being in front of the camera. ![]()
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#46 | |
Too lazy to set a custom title
Join Date: Apr 2004
Location: LA
Posts: 11,190
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Quote:
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#47 |
Confirmed User
Join Date: Feb 2005
Posts: 3,374
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I have a friend that was flipping houses and doing most of the remodeling himself. Lots of really hard work involved. Had some really good success especially when the market was hot.
Then the bottom fell out and he got stuck with a few properties and ended up taking a big loss. Now he's just doing the remodeling part for homeowners and doing well with that and the best part is he's happy doing it. You sound like you've got it down to a science and operate a well oiled machine. Congrats on the success ![]() |
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#48 | |
Too lazy to set a custom title
Join Date: Apr 2004
Location: LA
Posts: 11,190
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Quote:
Sounds like he is having fun with it as well. The loss is bad, I was one of the lucky ones that didn't have much sitting around when the real estate market took a hit. But as long as he is having fun with it now, and still making money. That's good to hear.
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#49 |
CLICK HERE
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Join Date: Jan 2002
Posts: 20,829
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I've flipped several houses, not many lately though. I always hired everything out but its still lots of work. Most people tell me you can't make much money doing it, but in any market if you find the right deal and buy the right materials you can always make money.
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#50 | |
Too lazy to set a custom title
Join Date: Apr 2004
Location: LA
Posts: 11,190
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Quote:
It all depends on the caliber of the home. I put a nice kitchen in this house, but I only paid about 800.00 More to get the better cabinets and it completely changed the look of the kitchen. Just need to be wise on where you spend the extra funds.
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