3 Bed 2 Bath Investment Property Deal Analysis & Walkthrough!

[@michaeliafidon8327]

As an Architect, I'm actually impressed with your design prowess.

[@Great_PatBingsoo]

Solid content. Glad channels like yours exist, and not the shills who all spew the same recycled garbage. Kudos.

[@danielforbes9295]

A cheaper alternative to replacing cement features is "slab lifting" where cement is pumped under a slab to raise it to surrounding heights, then cracks are sealed, holes filled. We used it once to lift a slab in front of a garage about 2", also lifted a porch with a center droop, lift a sinking step.

[@Jeremy-cb4rz]

Very interesting and fascinating! Thank you for taking the time to walk through your finished flip and show us the numbers, and why you did/didn't do certain things. Love it!

[@FrenchSaladMac]

More of these videos and less of Brandon cheerleading for 20 minutes

[@TheAsiaFM]

I don’t know why but I enjoy this guy so much!? I love watching his videos!

[@tarlyarber]

Thanks! (this is Tarl, that guy)

[@FlowmotionStudios]

After watching only two of your videos, you got the first five star folder on my desktop. This is where your videos get saved for later review. So far, after 5 months of research and learning in flipping houses, I have yet to find a better presenter than you. Excellent- Relevant work. (liked, subscribed, looking forward) Thanks Tarl.

[@ed1pk]

Thumbs up on the inclusion of the floor plan. Don’t know why so many tours of a house don’t include it. Makes it so much better to understand the layout. Next time having it as a higher resolution screen graphic would be even better along with a spreadsheet on IRR, etc summarizing important numbers.

[@AJ-nh8ik]

or even a seperate cut-away edited in

[@Maxplayer-001]

Biggerpockets podcast is great. But these walkthrough videos are awesome!! I'm more of a visual learner. Thank you sooo much for sharing these videos.

[@kirky9347]

Super smart redesign of the floor plan!

[@bradhaughton6698]

Do a tour of one of your higher-end property with the higher-end finishes

[@kylebaxter3456]

great vid. Would've liked you to talk more about How you acquired the property, and also a computer screen walkthrough of the blueprint layout and options you had to think through (kinda like you did on a prior vid).

[@kubfan4life243]

Great video. Should consider making more videos like this one. Being a newer landlord and investor myself I liked the explanation as far the dimension requirements- like the restrooms. Good job!!! Thanks

[@adamf8330]

HGTV is elementary school

[@naemanunnery3011]

Great info, really enjoy these videos. Do mind sharing a little bit more about the rehab #s? Like what each part of the project cost that added up to the $89K, that we would be great. We are about to undertake a rehab and would like to see more of we can expect in terms of the pricing on the rehab. Thanks

[@cwr8618]

would be great to see. seems like that would vary a ton based on each property, contractor costs in each market, different types of materials used

[@AJ-nh8ik]

@@cwr8618 true, it would vary, but the thing about it is that it would give people an idea. this way when they are going around doing their research (which hopefully people are doing) they would know what to look for, how to cut/increase costs on what they are looking for and find out if they are getting ripped off or a great deal.

[@topsecretbear9918]

A working person would understand the purpose of that bathroom in the garage. You can pull up in the garage, rip your work clothes off, throw them in the laundry and then jump in the shower. This would also be useful to those health care workers than want to decontaminate before going into their house with their family & also handy for anyone that works around the property. You can take a pee without having to track up the house. Not to mention some people turn their garage into ADUs. Some will deff pay more for this set up, its a premium garage or it was. Usually ppl cheap out a bit on that garage bathroom since its a working bath its expected.

[@mjhmn]

good to know!

[@AJ-nh8ik]

Very true. a garage bath in my mind is a huge plus. but at the same time, it can mess up everything. all those reasons listed above are great reasons for having one, not to mention the occasional getting home and gotta rush to the bathroom, but you gotta go all the way across the house. having a toilet right there is perfect. i can understand why they took it out, but even if they left just a sink, a toilet, and just enough standing room to where it wasnt super tight and small seems like it would have been a good idea.

[@mekon1971]

For the $500 it would have taken to do a light remodel on the garage bathroom, I would have kept it.

[@jamilynn322]

My Dad built a stand-alone metal garage with a double-car open bay and a small, enclosed area and installed a small toilet room in the back corner which we used when working outside, instead of trekking all through the house whenever we need to use the bathroom, and next to it installed a deep utility sink that came in very handy. It's a great idea to have something like that outside if you have the room.

[@BR-ge8to]

What is the LVP you commonly use that you referenced. Could you link to it. Great video!

[@notshared2543]

SOLID Video! Good primer on bathroom sizing, design, and covering the numbers. I would like to see more on how you eliminated the window in the bathroom? Also please do more design guideline videos for baths, kitchens, bedrooms ect I think it would be helpful for us with limited remodel experience.

[@tarlyarber]

Bigger pockets has a video of mine on Instagram (this is Tarl from the video) that is a full bathroom design and material breakdown. It's an expanded version of what you saw here on this video

[@jayjuggrnaut]

As a potential buyer, I'd rather have a jacked-up fence than a jacked-up driveway/walkway. I have no experience selling/flipping houses so it's interesting that you felt the fence played a bigger role than the actual "curb" for appeal.

[@seanrogers9863]

such a great job!!! not sure how you parted with it after making it look so good!

[@Mk-pc6cc]

This was a great video! I love the walk thru with the before and after photos. I also really appreciate you sharing your though process through out!

[@SharrodDPerry]

Thanks! Great video, lots of good practical tips here. I really like that you showed us your before & after blueprints (who created those, and how did they do it?) and that you discussed dimensions, cause I don't often see folks go into detail on that.

[@tarlyarber]

We use home designer pro. It's affordable and easy to use. And thanks for the compliment!

[@tstltstl]

Awesome video! Very educational. Please make a lot more like this BP! Can you explain the finance costs? 2 pts, 10%? So, did you pay 2 points up front?

[@investorjudy]

Thank you for sharing your analysis and thought process. Very valuable info!

[@JayVTheGreat]

Great video. Can you make a video on getting funding for 1st time flippers & the pros & cons of funding.

[@fmlygyfntc]

Bigger pockets was referenced all the time in the FI/RE community, but I haven't watched it until now. This is the masters degree and HGTV was your bachelors.

[@besnikkadriu3140]

Awesome awesome video, great knowledge about the whole thing. I liked the idea of removing a bathroom. It really wasn’t needed. Added more closet space. And a master bedroom. I’m enjoying these more and more. Keep them coming. Thank you bigger pockets.

[@bart1meuz]

Why don't you do the built ins for the showers? Especially for the master suite, there is nowhere to store the shampoo/gel.

[@adolpholiverbush5867]

Because racks come with suction holders. The cost to add it in wouldn't be worth the value after because it's probably not worth anymore with the built ins

[@AJ-nh8ik]

@@adolpholiverbush5867 makes sense

[@leel8099]

It was so valuable for me, thank you so much! I'd like to watch more videos like that.

[@enedinohernandez6769]

❤️ how he slipped that Brrrr method in his explanation so casually 😂😂. This guy knows his stuff. #TheMillennial #RealEstate

[@frddyzmr]

Thanks for the video I'd love to see more videos like this. Also, I didn't quite get how you came up to 22.5% is it 355/269?

[@erinrafferty5659]

So I've been puzzling over this for WAY longer than necessary. If I understand it correctly, the cash-on-cash thing is supposed to be your net profit divided by your entire cash outlay. It definitely doesn't work the way he described it; if you do (net profit)/(purchase+reno), you get like 16.5%. If you include their misc carrying costs, it's more like 14%. The only way I can make it sort of work is this. They didn't pay $269k IN CASH; they FINANCED $250k, which means they only put in like 20% down in cash, or $50k, then they ADDED $20k of their own to fill out that $269k budget-but that's only $70k cash. You can extrapolate that their taxes/closing/carrying costs were ~$42k, minus that 2.1% finance charge that they don't want to count, which comes out to about $2187.50 ($437.50/month for 5 months), so $40,177.50 total. $70k+$80k+$40k=$190k cash invested. So from what he gave, it would be $43,635k/$190,177.50k = 0.2315 = 23.15% I think these numbers involved a lot of rounding in the purchase price and the reno budget , so we can't actually get the real nitty gritty. I'm sure if we could get more precise, it could come out to the percent he gave. You REALLY have to read between the lines to actually get it from this though.

[@MichaelP-ke1tm]

Not just charging the seller based off the cost to repair but you have to put a price on the time it takes to repair it + a price on the risk you're taking.

[@kayvallance9560]

You said it was already sold - what did you do? Open house? We're still on lockdown for covid19. So they are not allowed in person.What do you recommend to get it sold?

[@marcduchamp5512]

How much do you spend on the staging furnitures and accessories?

[@gerardocovarrubias1921]

This was a great video, thank you for the transparency! More of these please!

[@emerson777]

Cool, I did not know Chris Martin flipped houses👍🏼 and it was all Yellowwww!

[@dexterpaperboiharris1292]

What formula did you use, to get that 22.5% cash on cash return?

[@Woodshadow]

Yeah I’m a numbers guy and I’m not seeing how they came up with that. I think I’m missing an input

[@srutherford72502]

I second everyone else!! Like these boots on the ground videos. Maybe you can call it “ Boots on the ground episode 1”

[@JWalker15271]

How much of the rehab work did you do compared to contractors? Any suggestions on particular areas of a rehab project to learn to gain a monetary advantage compared to just always letting a contractor take care of

[@tarlyarber]

This is Tarl from the video. I did zero rehab work. We hire all contractors and Subs directly

[@JWalker15271]

Fixated Real Estate LLC thank you, live in kitsap county and looking to start within a year, love the videos as not only educational but hopefully comparable being so close to you

[@saltwaterlou]

Is your Cash-on-Cash basically calculating profit margin?

[@latsnojokelee6434]

This is really interesting, to be able to see what you guys did is great. I guess from my perspective as a potential buyer, I would be a little concerned if I saw a really old cracked sidewalk in front of what looks like a nice house. I would be concerned that there were some shortcuts going on inside the house that I couldn't see. I suppose if you're in the hot market like you are, people tend to overlook things because they really really want to buy something .

[@NeMayful]

Nice! Like your videos as always. I’d like to see more of this kind of walking around in the actual project style video. Thank you.

[@vacuumbed1]

Great job, the house looks awesome.

[@freewaydeath]

Love these walk throughs. Very informative

[@freewaydeath]

Was this on the MLM?

[@ArupBhanja]

Can you please share a spreadsheet of the costs.

[@dude4173]

Did you guys test the Sheetrock for asbestos and have an abatement company remove it if it was positive? I have a 1971 rambler in this area and all of my drywall contained asbestos. It was very popular before the mid 70s to use in homes. If not, that entire home could be exposed to asbestos.

[@mathens22]

It would be really cool if you put your estimates first before you put the actual numbers, really great through!

[@dwaynex2687]

I would have kept the 3rd bathroom to access from outdoor to have cook outs and to cut down people to keep going in the house for restroom

[@AJ-nh8ik]

great video, learned a few things, going to check out some of the other videos on the channel. maybe doing cut away still edits of the floorplan changes and analysis/breakdowns of what had to go into the whole project could be a good idea in future videos.

[@regulardude7961]

I prefer to invest locally where I live... Is it possible to do this in expensive areas like Ventura, CA ? Or should I be looking at Fresno or Bakersfield ? Or out of state?

[@adamf8330]

Meet Kevin on YT is a RE agent in Ventura, CA - maybe see if he mentions this in any of his videos

[@BrokeManFinance]

I invest locally, mostly because I know the area and people that can fix my houses who I trust. Going out of town opens up the big ol box of risk.

[@loulupero4147]

Tom McKay/ Flipanythingusa / Mentor. Highly suggest checking him out.& $10.00 book. Bad experience with meet Keven ordering his courses . After numerous times reach out customer service , phone always busy. Finally responded via email, it’s not worth fighting over purchasing $800.00 ,. Paypale refunded . Tom mentioned he is great KZbinr. Save your hard earned money with gurus. Remember there getting richer off you. Try BP . Research , talk Realestate agents., familiar with Comps. Then Target new areas start making offers. It’s #s game.

[@jeandechoudens3874]

Very Very good review 👏. Love the way you explain everything. Keep making videos like this.. thanks 😊

[@ou8michael2]

Great job and vid!

[@BT0301]

How did you calculate the cash on cash return in this deal? I couldn't figure out the formula that was used.

[@chadrobertson6915]

Same here!

[@Leondon73]

Did you use hard money for this?

[@gordenlopes]

Love you brother for sharing this!! Great learning!

[@lselfridge7020]

I find a great many take away! Please improve on showing the categories and $ on the screen instead of on paper.

[@Usmcmyrick]

Definitely want more of these. You rock

[@ArupBhanja]

This is more than perfect.

[@MilVukovic]

Amazing content. Love this.

[@justinmilner8]

These are super useful, thanks!

[@nasaneso]

with the master bathroom I would do double shower since you have a room for it :)

[@JeanDagobert]

Thank you for this video so much value!

[@carloscruz8501]

How did he compute for the 22.5% on coc?

[@kaitburger3332]

I love these videos! But dislike the popcorn walls.

[@mangrowsgarden2647]

how can i do this in south florida? the average home is 4/2 for $450k.

[@scsu300]

I'm in West Seattle and looking to invest in flip or BRRRR RE.

[@0x4rk0]

scsu300 I’m in Tacoma, same

[@kevinalarcon9389]

T B 22:23

[@Youthandblueunitedinc]

Beautiful home

[@ApartmentKing66]

And here I thought Brandon had shaved off the beard. It's not Brandon.

[@bdburlingame]

Can somebody break down how he calculated cash on cash return?

[@kevinalarcon9389]

Great value content. Thanks

[@swerve.thedip]

Those numbers imply you got a Cash on Cash of somewhere around 16%.

[@zackgallik3164]

Where in the us can you build a new house at 80k?

[@RenTheGreat]

probably michigan or alabama.

[@somewhatfast]

"Right"

[@REBELLIOUS513]

yes more please!!!

[@alexandriayoung]

excise tax vs income tax?

[@erinrafferty5659]

I don't understand the phenomenon of walk-in showers. I like having the option of a bath, I like having somewhere to put my stuff, I like not having the water splash all over the floor. That feels like a "luxe" trend that's going to feel dated eventually, just like a giant jetted tub.

[@ricodane7567]

Wow!! 2points and 10% if you had to finance the $250k? That is way too high... didn’t know banks doing 10% still when there are so many online competitors

[@betterhomesnc2437]

Who specifically?

[@adolpholiverbush5867]

My guess is he's maxed out on the loans he can get from banks like that. He's probably using hard money lenders.

[@adolpholiverbush5867]

You can only get 10 traditional loans from banks most the time.

[@adamjohnson9303]

What goes into all new plumbing? You re piped everything In the crawl space?

[@tarlyarber]

Yes. We did 100% of everything. New drains, water lines, venting, etc etc

[@andyvaldez7714]

They made around 50K profit

[@MichaelP-ke1tm]

The living room looks like a waiting room for a doctors office

[@cool2443]

Url in description needs fixed

[@SterlingWhiteRealEstate]

13:12 Keep neutral finishes... Rental properties are not our, as investors, canvasses where we can let our artistic abilities shine. They are a commidity that we're selling (or renting out) to make profit.

[@burnerddr]

I can't stop focusing on that stain on Tarl's shirt

[@tarlyarber]

Its a rain drop, it was raining :)

[@conte2268]

First

[@goininent.6449]

11:34 😔🤕

[@PineappleGrenade84]

Man you took the private 💩 bathroom out? Smh 🤣

[@JuanKukoc]

Man bro got no drip

[@tc5102]

BUYERS REMORSE.....NO WAY THIS HOUSE IS WORTH $355k.....MAYBE $210k

[@AJ-nh8ik]

looks wise, yea, but there could be so many other factors that we dont know about, and some people go for those factors. but yea, that price is kinda steep.

[@dude4173]

T C it’s frustrating when someone as clueless as you posts about something they don’t know what they are talking about. I happen to know the address and just checked comps. It’s definitely worth what was paid based on comps. There hasn’t been a house for sale at sub 300 in this area for a longgg time with 3 beds 2 bath with similar SQ footage. Don’t post about stuff you know about.

[@TheVoiceofmygeneration]

I will be honest, You guys are losing me with numbers because you aren't using cash. You are getting a hard money loan that you have to pay back so how are you making money?

[@richardleston5237]

Smart dude but he may have the worst handwriting ive ever seen

[@RenTheGreat]

Bro you need to figure out how to hide the address of the property better.

[@dude4173]

Didn’t take me long to figure it out. Hint.. south D ST

[@walkeratl]

Great video, very informative - Thank you!