I've been wondering why the house was on auction.com? If they were the owners and took such good care of it, what was the advantage to them to list it there and not a more traditional route??
LOVE how you do neutral colors and basic finishes. Many house flipping shows get too crazy with their patterns and colors, which makes them more difficult to decorate. I also love how you do warm colors. I'm so tired of seeing gray everywhere. Good job on this house.
My house has those surround tub/showers. I snubbed my nose up at first because I thought it looked cheap. But, those things are so easy to clean and maintain that I changed my mind quick! Not having to worry about soap scum and mildewed tile is wonderful!!
Im new to your journeys and want to say TY for the lil trill Ithat comes walking through a vision in progtess.When was the house built? I refurbed homes for twelve yrs. I loved the old homes. I found character in them that just doesn't seem to exist now. Nice find. Look forward to peeking again soon.
my neighbor is a property manager and they recommend to their customers to pull out the tile, and its so difficult to keep clean for a lot of people and do this or the fake marble I just did a complete bathroom remodel, totally revamped it with a different arrangement and did a tub and surround like the one you did
I think you may want to check your total cost calculation. It seems the total cost would be 64,859.25 instead of 50,609.25. You probably did not add the other cost of 14,250 in your calculation.
I would have made a full bathroom in the basement, next to the water heater. Because it is well below the bathrooms above, then the hydraulics would be very easy. Excelent project!!! Love it 🌷
The chief positive thing about shower surround is that it reduces water leakage and rot. It's not the prettiest installation, but it saves a bundle of money over the long haul. Very nice house and yard, although I wouldn't buy it because of all the different floor levels on the bottom floor.
I’m 25 and really interested in flipping homes and doing what you do, this video is very helpful and I appreciate your honesty and just the whole point of view as well as the before and after part, you’re great for these videos please keep them coming, you and your team are very helpful, thank you and I’m subscribing right now !! 💯🔥🔥
Looks like a Bill Wahl home in Thornton, Colorado built in the seventies. Kerry ended up with a nice house that should appreciate nicely. Fun and informative video, thanks!
The only complaint I have is the countertop going over the toilet tank, it makes toilet repair a nightmare but still I love the modernized vintage vibe of this house.
This house is beautiful. I love that a lot of your flips have some awesome quirky details that you end up keeping. Would love to have this a job one day
Watching this again.. This is still one of my favorites too. A really nice home. Although I think id still get the cabinets painted when I moved in..😁👍💜
Mark, thank you for your videos. We just sold out first flip and did really well with it. We just purchased our second house. I trying to learn as much as I can because I realize we won't always be so lucky. My husband is studying for his real estate license now to save on commission. We have been hesitant to bid on Auction.com and it was insightful to learn of the cash for keys form. I'm sure we'll learn more from you as we watch more videos. Thanks again!
Dude, We bought a house in Cali with that no lights on the ceilings. I put in fans and lights. What an odd design to have only lamps and no ceiling mounts right!
Hey Mark! Just found you & subscribed. Very interesting videos! I have no interest in flipping houses or going into real estate investing, but love to watch your videos! As a homeowner, I much prefer tub & shower surrounds over tile. Tile can be more attractive, of course, but the maintenance is a pain. When we bought our current house, the one piece tub/shower surrounds were actually a positive buying point for us. As were the custom oak kitchen cabinets & the low maintenance steel siding. Just offering a buyer’s thoughts! Thanks for suppling these videos!
Love what you did to the house! Looks great. Is there a reason you left the "Other costs" figure out of "total costs?" Looks to me like total costs should be $64,859.25, which would put profit at $23,140.75. Either way, still a cool house and a great flip.
@@tomm8025 23K for four months and a house priced that high is not good at all. Not trying to throw shade at all! money is always good, but i flip a lot of houses and you can manke 23k on little 60k dollar homes. Mark makes a lot more on some of his others!
@@derekblades - I was being kind. I am sure they normally make more. I wouldn't risk that much myself for such little profit (although a profit is always good). But the math in the video was wrong and the profit vs risk and effort low. But everyone values things differently, so who am I to rain on their parade?
Love this flip. Looks like the old owners left the house in pretty good shape. The real-estate is changing especially right now unfortunately. However I am sure that it will ski-rocket in the future!! Great profit for a great co worker!!
This is the biggest issue I have with auction.com. 99% of the time you can't see the inside. I do not rehab enough houses to eat the costs if it is in real bad shape. At least if they had pictures it would help.
11:09 The black(ish) wall would be a good place to put a TV / entertainment center. 23:33 - 23:51 Where I come from, NO house has a light in the living room, at least when it comes to the older homes, so we have to put a lamp in, if we want light in that room. Which I never understood, cause, don't we need light in EVERY room? I don't know why they don't / didn't build houses with lights in the living room in my area. I also hate when there's an electrical outlet that needs to have a switch to operate. When I plug something in, I just expect the electronic to turn on, without having to flip a switch after plugging it in.
ceiling lights in living rooms is a big no no, you don't need that kind of light in there, just keep 2 or 3 table lamps , its all you need, but bedrooms yes, they need a ceiling light
Surprised the condition of house, is in good. Shape ! Kind of sad they lost it to foreclosure! Looks like they tried to renovate on their own , not sure about the quality ? But they tried ! Did you say how much square foot ? Cannot wait to see finished result ! Seems it’s like a maze? Can see it’s in good condition except for addition you always do quality work ! You never say where your flips are ? Would give us an idea for judging the price ....know you sell your flips at reasonable price and work is excellent ! See it’s in Colorado, I’m sure you do a cost comparison in the neighborhood ? You sold it fast, good work ! Did you say how long it took you from start to finish , I was under the impression it was owned by bank? Their properties are usually low priced but you wait a while longer to “win “ it ......
Learning that flipping doesn't mean fixing everything to a golden standard like on HGTV - flip to make a profit and not make everything all brand new if not needed
Wow! It seems you had a lot of luck, or maybe a lot of know-how, on this one. It could have easily gone south. Scary to newbees. But $37k sounds like a good return for four months effort.
@@investfourmore I've never had anything made out of that material, except for the last year. I've rented an apt and it seems like the maintenance team paints these tubs in between tenants. This complex was built in the 80s and new ownership has been seriously remodelling the entire complex! I just wanted to know how long these tubs will last so I'm guessing at least 20 years. Thanks.
Maybe 2 PAC the kitchen cabinets white or something and put new hardware on them.. I'm not a fan of hot tubs either. There is no substitute for a swimming pool...😀 it'd s shame you couldn't have sold it for over the $400k mark though. I thought you were going to get a much higher profit then what you actually did. But I guess in the long run you saved by selling it soo fast.
It's honestly crazy to think that this amount of profit earned in 4 months is more than some people's yearly income! Do you primarily dump all of that profit back into buying flips, or do you invest it in other ways? If you do not already have a video on how you use your profit I think that would be interesting!
Hey Mark, Where can I pick up a 'Cash for Keys' form.. Also, As a wholesaler in Baltimore I appreciate that you're truthful with your numbers and costs.
Not in the investment side but I’ve bought and sold a few houses. Get a good relationship with a local RE attorney and pay them reasonable for the forms. It can save your butt.
it was left in very clean condition they really cared about living in this place it is a beautiful place. i love it
I've been wondering why the house was on auction.com? If they were the owners and took such good care of it, what was the advantage to them to list it there and not a more traditional route??
LOVE how you do neutral colors and basic finishes. Many house flipping shows get too crazy with their patterns and colors, which makes them more difficult to decorate. I also love how you do warm colors. I'm so tired of seeing gray everywhere. Good job on this house.
I think this is probably my favorite house that I've ever seen you do. The kitchen and the wall of windows are gorgeous! Very nice flip 😍
Thanks!
My house has those surround tub/showers. I snubbed my nose up at first because I thought it looked cheap. But, those things are so easy to clean and maintain that I changed my mind quick! Not having to worry about soap scum and mildewed tile is wonderful!!
Good point!
Im new to your journeys and want to say TY for the lil trill Ithat comes walking through a vision in progtess.When was the house built? I refurbed homes for twelve yrs. I loved the old homes. I found character in them that just doesn't seem to exist now. Nice find. Look forward to peeking again soon.
Oh wow I already love the before. What a nice house
my neighbor is a property manager and they recommend to their customers to pull out the tile, and its so difficult to keep clean for a lot of people and do this or the fake marble I just did a complete bathroom remodel, totally revamped it with a different arrangement and did a tub and surround like the one you did
I think you may want to check your total cost calculation. It seems the total cost would be 64,859.25 instead of 50,609.25. You probably did not add the other cost of 14,250 in your calculation.
The entry steps are gorgeous. Awesome house.
Thanks!
It would have been nice if you had put some of those base cabinets in the laundry room that you removed from the basement.
I would have made a full bathroom in the basement, next to the water heater. Because it is well below the bathrooms above, then the hydraulics would be very easy.
Excelent project!!! Love it 🌷
Well he wanted to maximize his profits without the extra costs. It would look nice but I don’t blame him.
You did not make as much as you wanted but you sold to one of your own people so a good thing and a good deed, so nice sale!
Good deed?? Its not like he would have made more profit if he would have sold on a regular listing
I can see why you took a chance and bought it. Just from the outside, great curb appeal.
what a wonderful house... you did a great job by leaving the integrity of the building
Yes, thank you
The new counters in the kitchen made it look a lot better.
The owners left the house in good condition.
Yeah pretty nicely kept
Nice change...
I realize it is quite off topic but does anyone know of a good website to stream new series online ?
The chief positive thing about shower surround is that it reduces water leakage and rot. It's not the prettiest installation, but it saves a bundle of money over the long haul. Very nice house and yard, although I wouldn't buy it because of all the different floor levels on the bottom floor.
I’m 25 and really interested in flipping homes and doing what you do, this video is very helpful and I appreciate your honesty and just the whole point of view as well as the before and after part, you’re great for these videos please keep them coming, you and your team are very helpful, thank you and I’m subscribing right now !! 💯🔥🔥
thank you
4 level… I love “quads”! So much space & flows easily. Don’t know why more builders don’t offer it!
agreed!
Great how you took us through the whole process in one video!
Great content!👍🏻💙💚💜
That place had some nice quality woodworking, those OAK cabinets weren't cheap so someone built it with good intentions!
Looks like a Bill Wahl home in Thornton, Colorado built in the seventies. Kerry ended up with a nice house that should appreciate nicely. Fun and informative video, thanks!
The only complaint I have is the countertop going over the toilet tank, it makes toilet repair a nightmare but still I love the modernized vintage vibe of this house.
Also, having no lights in any room. That would be annoying.
I love this house too. I see why she liked it so much!
I just found this channel today. Great great channel so far. Please keep these fix and flip videos coming. It helps newbies like me
Thanks! Glad you like it
I love the pullout shelves
This house is beautiful. I love that a lot of your flips have some awesome quirky details that you end up keeping. Would love to have this a job one day
That pergola is a really nice touch!
That is so crazy about the oven!
Great buy! Congratulations to Keri on her new home. I would like that home!
U did an awesome job. The basement would have been a great master bedroom if that small room was made into a bathroom.
Watching this again..
This is still one of my favorites too.
A really nice home.
Although I think id still get the cabinets painted when I moved in..😁👍💜
Thanks!
Mark, thank you for your videos. We just sold out first flip and did really well with it. We just purchased our second house. I trying to learn as much as I can because I realize we won't always be so lucky. My husband is studying for his real estate license now to save on commission. We have been hesitant to bid on Auction.com and it was insightful to learn of the cash for keys form. I'm sure we'll learn more from you as we watch more videos. Thanks again!
you are welcome!
That’s so weird that there are no lights in the rooms! I have to have a ceiling fan in every room!
Wow!! It looks wonderful! Great job.
Dude, We bought a house in Cali with that no lights on the ceilings. I put in fans and lights. What an odd design to have only lamps and no ceiling mounts right!
Wow that backyard was amazing
That house looks pretty good sheesh
Wow, I love this house. Really well done.
Hey Mark! Just found you & subscribed. Very interesting videos! I have no interest in flipping houses or going into real estate investing, but love to watch your videos!
As a homeowner, I much prefer tub & shower surrounds over tile. Tile can be more attractive, of course, but the maintenance is a pain. When we bought our current house, the one piece tub/shower surrounds were actually a positive buying point for us. As were the custom oak kitchen cabinets & the low maintenance steel siding. Just offering a buyer’s thoughts!
Thanks for suppling these videos!
Thank you!
And you sold it for 355 four months later. Nice... Saw the after pics... Wow
Such a great big backyard
Fantastic video - great to see start to finish. Appreciate the time spent putting all together and all the explanation. :)
thanks!
I'd love that house.
You should add a bathroom in the basement for Carry. That would be cool.
I would have left the cabinets in the room downstairs. perfect for crafting/sewing etc.
Love the new kitchen
thanks!
Hi Mark, do you have tips on what I can do to get the interest rate on my loans as low as possible?
talk to a lot of banks
Good deal. Love this house
You always sound like you just walked up 5 flights of stairs lol. Great video mate!
It is not easy talking for 10 minute straight and in some of these houses I get allergic pretty quick. lol
I was surprised by the cost of the deck work.
You did a good job on this one love it 🏡Thank you for the video I do appreciate it.👍😊
Wow. That house is amazing. In the part of the UK where I live, it would be worth a million pounds!
Same in Australia.
Glad it worked out for you! I really like that house.
I would had sand those cabinet down and paint them white.
If the new owners want to they can
Love what you did to the house! Looks great. Is there a reason you left the "Other costs" figure out of "total costs?" Looks to me like total costs should be $64,859.25, which would put profit at $23,140.75. Either way, still a cool house and a great flip.
Exactly what jumped out at me....only $23K profit. But for only four months, not bad.
Mehbeh he needs to hire an accountant.
@@tomm8025 23K for four months and a house priced that high is not good at all.
Not trying to throw shade at all! money is always good, but i flip a lot of houses and you can manke 23k on little 60k dollar homes.
Mark makes a lot more on some of his others!
@@derekblades - I was being kind. I am sure they normally make more. I wouldn't risk that much myself for such little profit (although a profit is always good). But the math in the video was wrong and the profit vs risk and effort low. But everyone values things differently, so who am I to rain on their parade?
@@derekblades what state and city are you flipping in?
Wow seems like very little needs to be done. Nice house
Love this flip. Looks like the old owners left the house in pretty good shape. The real-estate is changing especially right now unfortunately. However I am sure that it will ski-rocket in the future!! Great profit for a great co worker!!
I love basements!
This is the biggest issue I have with auction.com. 99% of the time you can't see the inside. I do not rehab enough houses to eat the costs if it is in real bad shape. At least if they had pictures it would help.
Why did you not add the room lights during the rehab?
I would be annoyed also if the rooms don' have lights.
Beautiful home!
Your channel is so cool!
Thanks!
11:09 The black(ish) wall would be a good place to put a TV / entertainment center.
23:33 - 23:51 Where I come from, NO house has a light in the living room, at least when it comes to the older homes, so we have to put a lamp in, if we want light in that room. Which I never understood, cause, don't we need light in EVERY room? I don't know why they don't / didn't build houses with lights in the living room in my area. I also hate when there's an electrical outlet that needs to have a switch to operate. When I plug something in, I just expect the electronic to turn on, without having to flip a switch after plugging it in.
ceiling lights in living rooms is a big no no, you don't need that kind of light in there, just keep 2 or 3 table lamps , its all you need, but bedrooms yes, they need a ceiling light
those kitchen cabinets could be painted and they would look modern and fresh
w here do you get like your shower surrounds or tub surrounds? Really liked this house.
Our plumber gets them
I really like this house it’s pretty big for the price.
I didn't know that we can loan to the bank for auction.com if haven't enough amount. That's why i hesitated to do auction.
on some
Nice thing for your employee and loving the look of the house.
Man, he is still making $37K on this...
I would love double ovens!
Oddly a few homes ive rented didn't have ceiling lights in bedrooms
it is annoying
Ooo, theres a basement...
In this video you mention that title insurance didn’t give you full protection in all cases , could you further elaborate on this ?
Sometimes if something is not recorded the title company will not take any responsibility
Surprised the condition of house, is in good. Shape ! Kind of sad they lost it to foreclosure! Looks like they tried to renovate on their own , not sure about the quality ? But they tried ! Did you say how much square foot ?
Cannot wait to see finished result ! Seems it’s like a maze? Can see it’s in good condition except for addition you always do quality work !
You never say where your flips are ? Would give us an idea for judging the price ....know you sell your flips at reasonable price and work is excellent !
See it’s in Colorado, I’m sure you do a cost comparison in the neighborhood ? You sold it fast, good work !
Did you say how long it took you from start to finish , I was under the impression it was owned by bank? Their properties are usually low priced but you wait a while longer to “win “ it ......
Northern COlorado
So glad I came across your channel 👍great content and no fluff 😎#keepinitreal
Thanks!
$4000 for all the kitchen work and appliances? That's hard to believe. What were the counters and labor?
Nothing was done with the cabinets
Learning that flipping doesn't mean fixing everything to a golden standard like on HGTV - flip to make a profit and not make everything all brand new if not needed
I didn't know that auctioning an occupied house was a thing? Was it a foreclosure then?
yes
Hold up. Oak cabinets are your favorite, right?? 😂
Of course
Wow! It seems you had a lot of luck, or maybe a lot of know-how, on this one. It could have easily gone south. Scary to newbees. But $37k sounds like a good return for four months effort.
It wasn’t 37k. His numbers were wrong. He only made 23k
Nice house
Wait so you must have proof of funds right and must give a down payment or how does that process work? is it online or to the city or owner?
NICE HOME...YOU GOT A NICE HOME FOR THE MONEY...WHERE IS THIS LOCATION...WHAT CITY???????????
Greeley co
What is the life expectancy of the shower surround that's in the master bathroom?
years if taken care of
@@investfourmore I've never had anything made out of that material, except for the last year. I've rented an apt and it seems like the maintenance team paints these tubs in between tenants. This complex was built in the 80s and new ownership has been seriously remodelling the entire complex! I just wanted to know how long these tubs will last so I'm guessing at least 20 years. Thanks.
Adding a bath to the basement would be smart
Pricey!
You didn’t really show the finished kitchen. That’s my favorite part!
You are my spirit animal
Maybe 2 PAC the kitchen cabinets white or something and put new hardware on them..
I'm not a fan of hot tubs either. There is no substitute for a swimming pool...😀 it'd s shame you couldn't have sold it for over the $400k mark though. I thought you were going to get a much higher profit then what you actually did. But I guess in the long run you saved by selling it soo fast.
I live in Colorado and im also looking for a company to redo my deck! What company do you use?
my own crew
It's honestly crazy to think that this amount of profit earned in 4 months is more than some people's yearly income! Do you primarily dump all of that profit back into buying flips, or do you invest it in other ways? If you do not already have a video on how you use your profit I think that would be interesting!
Depends. I use it to put back into the flips, buy rentals, or sometimes cars...
Did you really need to do cash for keys? Looks like the former owner was ready to go.
It helps calm the situation and motivates them
I love it !!!
This house is amazing but with a better update it would’ve been truly stunning.
Omg this house is so amazing, good job 👏🏻
Hey Mark, Where can I pick up a 'Cash for Keys' form.. Also, As a wholesaler in Baltimore I appreciate that you're truthful with your numbers and costs.
Not easy to find one.
Not in the investment side but I’ve bought and sold a few houses. Get a good relationship with a local RE attorney and pay them reasonable for the forms. It can save your butt.
what kind of cash do you offer to get the keys?
depends on the house I think this was $1,000
Your total cost spent was 64,000 and you said it was only 50,000.
yup
So more like 22 or 23k profit. Still good for 4 months but a little risky. Do you mentor Mr. Ferguson?
37k profit before the tax man? Big risk for that!
Agreed, since he couldn't see the home till after he won the bid.
Are you Pittsburgh based? I saw the steelers thing on the front door and was just wondering.
Colorado. the old owners liked the Steelers
Shower surround is cheap but looks very cheap too.
Thank you for this video!