Sprucewood | Completed

The Story

A wholesaler whom we've bought a house from before and have partnered on one flip already brought us this one to partner on as well.

This one he got from over a year of cold calling and follow-ups on a code violation list.

On this property, we are opening up the wall between the living room and dining room to give an open concept. We also decided to shrink the patio door from a two-door slider to one door. This will allow us to make the kitchen much bigger and adding more cabinets.

We realized after a week of owning it that the tree in the front was in really bad conditions and we didn't want it to fall on our house so we got it removed. This motivated us to go ahead and clear the back yard as well.

Update:

This house, all in all, was a typical renovation for us. The biggest difference from all of our other ones was the plumbing. We actually had to replace 100% of the plumbing. This cost us $9K to because we had to tunnel underneath the whole house in order to get it done.

But now everything is completed and working perfectly.

Some unique features we decide to do was:

We expect these little touches to set us apart from all others.

Walk-through Videos

Roaches, Grimy Tub, and More

Foundation, Framing, Landscaping, and more

Final Walk-through

Before

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After

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Rampart | COMPLETE

The Story

This is another project we purchased from a local wholesaler. When he brought it to us the numbers did not make any sense for us to buy it. But we always like to submit an offer anyway because you just never know. We submitted an offer at about $12K less than what they wanted. They accepted because they needed to get this deal done in order to possibly buy the other one they really wanted from the seller.

This is something we tell so many new wholesalers, "why risk losing the deal and waste the sellers time just because you feel you "deserve" more?" Fortunately, this wholesaler didn't think that way.

The house is currently around 1060sqft. It has a Breezeway that you can see in the pictures below. A breezeway is where the house and the laundry room are disconnected. We're going to connect them and add much-needed square footage to increase the value.

Because of the size of the home, there's really not much you can do inside to make the home really stand out. So, we decided to focus more on creating a really nice outdoor space.

We are removing the back addition (which wasn't done right) and converting that into a screened-in porch. We will also be doing something nice with the landscaping just haven't decided what yet.

Check out the walkthrough videos below to see the progress.

Walk-through Videos

Walkthrough of our next project

Demo

What to watch out for when doing a REWIRE

Framing, electrical, fencing, and goats!🐐

Before

During

                               

After

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718 Montana | 22 Month Flip

The Story

A local wholesaler had found this property through door-knocking and needed help getting under contract correctly and running title. There were many problems from, surveys to inherency issues. The parents had passed away and left the 7 kids to fight amongst themselves. With 1 of them dead and another one in jail, it made it a little more complicated than usual. We still got it resolved.

The afterward the wholesaler was willing to walk away for $20K. We decided to run our numbers on the property which is located in an up and coming neighborhood of Denver Heights in downtown San Antonio.

We reached out to a close friend and investor who has a ton of experience rehabbing in these areas and he was nice enough to share his contractor with us. After walking the full property with the contractor they gave us a bid for $135K. With ARVs in the $280K range, we felt comfortable enough to proceed.

We bought it for $60k paying the wholesaler $17K.

The demo started off fine. But as soon as they need to start rebuilding, boy-o-boy that's when the problems started.

Long story short, we fired them and brought on new contractors. Our $135K budget went up to $185K!

The house was originally around 700sqft and we made it 1600sqft 3/2.

The back unit was completely remodeled and we re-oriented the entry door to the right of the house.

Some special features were:

✅ Concrete countertops

✅ Reused shiplap on the living room ceiling and office wall

✅ Taller windows in the front of the house

✅ Window over the master shower

✅ Windows high up in the living room and kitchen to avoid looking at the neighbors

✅ Repurposed dresser as master bath vanity.

✅ Privacy fence all around.

✅ New landscaping

✅ Private entrance to back house for rental potential

To listen to this full story check out the Case Study of our 22 Month Nightmare - 781 Montana

Walk-through Videos

Check out the finished product

Before

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After

                                    

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To Good to Flip. So We Kept It!

The Story

This project came to us from one of our contractors. We always tell them that if they want guaranteed work, bring us a deal and they get to do the whole thing! So they did.

After many months of trying to meet the homeowner, we finally met and got it done just before Christmas.

Our initial strategy was simply to do a rehab on it and move it quickly.

We first ran Comps for $150K-$155K. But as we got further along into the project we started seeing signs of expansion in the area. They were building a new plaza right outside the neighborhood with a CVS going in the corner. In case you didn't know CVS doesn't just open up anywhere.

Then we re-ran comps and saw we might be able to get $160K+. We saw rents at $1300+.

This was something that really pushed us to just say "let's just rent it and we'll sell it a year or two from now once values raise even more." So we did.

Because we were originally going to flip it, the upgrades to the house were great. We had done EVERYTHING new. So renting was going to be very simple.

We ended up renting it for $1325 in a little over 10 days! It appraised for $162K.

While the cash flow is great at over $300/mo our goal is the appreciation that the area will continue to receive.

Scope of Work:

✅ Fixed 4" of foundation problems

✅ Repaired and upgraded all plumbing 

✅ New roof

✅ Both bathrooms completely redone

✅ New kitchen cabinets and granite counters

✅ New Flooring throughout

✅ Removed back covered patio

✅ New privacy fence

✅Fresh interior and exterior paint

Before

During

After

  

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