My family has been doing this in Pittsburgh. Our philosophy has always been if the neighborhood is recovering, the foundation is good, and the plumbing under the foundation is good we will tackle it. Foundation problems are typically the difference between a renovation and a tear down for a-lot of these distressed properties, so anyone considering this do your homework or hire someone to inspect it. Obviously we do it for the returns, but it's also nice seeing neighborhoods on the brink have a chance at recovering. It's incredibly satisfying restoring some of these older homes too.
I think it’s so great you are bringing these buildings back to life. I just hope you are able to rent these units to hard working or retired people who will appreciate a nice home and continue to care for them. 👍🏻🇺🇸
I love seeing these videos because its so interesting learning what causes stuff like that and how youd fix what would be unfixable for someone like me.
Wow, you make it sound so easy. It's a great investment, turn around for your money. Being that you have the experience and crews to make it happen, it will be a nice property. I love listening to you explain properties from all your experiences.
I love the doorframes and hardwood floors. I can imagine that this was very nice before nature reclaimed it. Sad that it was so neglected. It will be so interesting to see how it is brought back from the dead (so to speak). Definitely worthy of rehab. Kudos for your vision. Hope you make a good profit.
I’ve been watching from New Zealand 🇳🇿 and live your drops. Totally different market from New Zealand 🇳🇿 but I’ve always wondered what the inside of these homes looked like. Thanks for your work.
To often the homes my nephew worked on would end up stripped by morning. To often boarding up during the night was not always helpful. I love Detroit, grew up in one of the best areas but some ppl just cause issues.
New sub, just found you today and absolutely LOVE your channel! Binge watching now! Also googling your company next as we are looking to invest in Detroit. Thanks for sharing!
High risk projects in high risk areas. Likely have to hire security to watch site until its completed. You get half way done and somebody burns it down then what? That place is a biohazard.
@@SanbornConstructionGroup "High reward" renting in Detroit? Flipping? THe RE market is slowing due to high prices and affordability factors. Be careful.
Definitely was a very nice property at one time. Be cool to see what it looked like in its prime. Definitely unfortunate, so many beautiful buildings like this get destroyed. It looked like the one unit had nicer woodwork. I wonder if that was the owner's unit.
This seems like a pretty darn good BRRR. Could you give me a rough estimate on how many Detroit BRRRs end up being infinite return for you? That's the dream for me one day
On HGTV is a show called Bargain Block. guys buying property like this & completely redoing them. Happy you are doing this too. I grew up on th West side in the 1950's moved in 1963 at age 14 with Mom
How do you keep vandals from stealing while you are rehabbing? A lot of people rehab in Detroit and have the water heater stoves etc. stolen while they rehab
A guy from Australia was rehabbing a multi unit like this one and was murdered in the building. They'll strip or burn it and if you're lucky you'll live to tell about it.
It would be really nice if you could save all the door trim. And window train baseboards and restore it. And put it back in and then what is missing? Just replicate it. Also, those doors are really amazing. High quality, they're probably mahogany. Possibly oak. You could take those doors and have them dipped. Get a ball price and have them cleaned up. And then either stay in and varnish them again. Or paint them would save you a ton of money, especially if you're keeping the floor plans the same. It's always best to put back the original. Yes, it would take one time, but it's really worth it. And you could always convert those to kind of mediums in the future. But l VP is terrible. It's better to refinish. The hard wood will last a lifetime. Just some friendly advice on my fellow contractor and renovator
It's funny when you put new windows in and come back the next day to find them stolen or broken. Detroit. You can't fix Detroit, you can only paint over the mold.
![แฉกลโกงงานวัด 2024 [ โกงมั้ยครับ ep.106 ] | DOM](http://i.ytimg.com/vi/taC5dpP3HXA/mqdefault.jpg)
My family has been doing this in Pittsburgh. Our philosophy has always been if the neighborhood is recovering, the foundation is good, and the plumbing under the foundation is good we will tackle it. Foundation problems are typically the difference between a renovation and a tear down for a-lot of these distressed properties, so anyone considering this do your homework or hire someone to inspect it. Obviously we do it for the returns, but it's also nice seeing neighborhoods on the brink have a chance at recovering. It's incredibly satisfying restoring some of these older homes too.
That’s exactly right. If the bones are good, it’s do able. Plus helping the community is always good
I think it’s so great you are bringing these buildings back to life. I just hope you are able to rent these units to hard working or retired people who will appreciate a nice home and continue to care for them. 👍🏻🇺🇸
I sure hope so!
I love seeing these videos because its so interesting learning what causes stuff like that and how youd fix what would be unfixable for someone like me.
It’s just a matter of learning what to do!
Wow, you make it sound so easy. It's a great investment, turn around for your money. Being that you have the experience and crews to make it happen, it will be a nice property. I love listening to you explain properties from all your experiences.
Thank you!
I love the doorframes and hardwood floors. I can imagine that this was very nice before nature reclaimed it. Sad that it was so neglected. It will be so interesting to see how it is brought back from the dead (so to speak). Definitely worthy of rehab. Kudos for your vision. Hope you make a good profit.
I think as long as you understand the Detroit market and that it’s a hold, not a flip, you’d be fine
Thanks Nick, enjoy your videos!!
Glad you like them!
I’ve been watching from New Zealand 🇳🇿 and live your drops. Totally different market from New Zealand 🇳🇿 but I’ve always wondered what the inside of these homes looked like. Thanks for your work.
That’s awesome to hear, you’re welcome!
@@SanbornConstructionGroup loved not lived typo
To often the homes my nephew worked on would end up stripped by morning. To often boarding up during the night was not always helpful. I love Detroit, grew up in one of the best areas but some ppl just cause issues.
We don’t see any of ours stripped anymore, mostly just furnace and hwt but we don’t put any in
@@succinct685 hot water tank
I like what you are doing and wish you success in all your future endeavors
Thank you!
New sub, just found you today and absolutely LOVE your channel!
Binge watching now!
Also googling your company next as we are looking to invest in Detroit.
Thanks for sharing!
High risk projects in high risk areas. Likely have to hire security to watch site until its completed. You get half way done and somebody burns it down then what? That place is a biohazard.
High risk high reward 😎
Well, then you move on to the next project. It's a calculated risk and, hopefully, you're good at math.
@@SanbornConstructionGroup "High reward" renting in Detroit? Flipping? THe RE market is slowing due to high prices and affordability factors. Be careful.
Definitely was a very nice property at one time.
Be cool to see what it looked like in its prime.
Definitely unfortunate, so many beautiful buildings like this get destroyed.
It looked like the one unit had nicer woodwork.
I wonder if that was the owner's unit.
I thought the same thing
This seems like a pretty darn good BRRR. Could you give me a rough estimate on how many Detroit BRRRs end up being infinite return for you? That's the dream for me one day
That’s all we do. Brrrr is our preferred style, nearly all of them end up infinite but occasionally you leave a little money in one
as you progress along would be something to see the images or short video as you re-hab the kitchen, bath etc.
I would like to see the "during" rehab videos too, at least the before & afters.
We’re working on it!
On HGTV is a show called Bargain Block. guys buying property like this & completely redoing them.
Happy you are doing this too. I grew up on th West side in the 1950's moved in 1963 at age 14 with Mom
You can’t beat the old Detroit architecture and buildings
How do you keep vandals from stealing while you are rehabbing? A lot of people rehab in Detroit and have the water heater stoves etc. stolen while they rehab
A guy from Australia was rehabbing a multi unit like this one and was murdered in the building. They'll strip or burn it and if you're lucky you'll live to tell about it.
You just don’t put them in
It's got good bones to it. Just a big time investment to bring it up to snuff
And money! Always money 🤣
The one part of the equation people don’t always consider is , sometimes tenants stop paying rent 🤷🏽♂️ and damage your property
It would be really nice if you could save all the door trim. And window train baseboards and restore it. And put it back in and then what is missing? Just replicate it. Also, those doors are really amazing. High quality, they're probably mahogany. Possibly oak. You could take those doors and have them dipped. Get a ball price and have them cleaned up. And then either stay in and varnish them again. Or paint them would save you a ton of money, especially if you're keeping the floor plans the same. It's always best to put back the original. Yes, it would take one time, but it's really worth it. And you could always convert those to kind of mediums in the future. But l VP is terrible. It's better to refinish. The hard wood will last a lifetime. Just some friendly advice on my fellow contractor and renovator
We’d love to but it’s just not possible. It looks a lot better on camera believe it or not 😂
OH MY LANTA😮
How important is location for the multi-unit land bank projects? Is it harder to buy a “good” area vs SFH?
RE here is mostly cash flow not appreciation so we don’t worry about area more or less than anywhere else
BOSSS!!
I’m subscribing before 100k followers 😊😊😊
🎉 woo!
I’d imagine you’re going to gut it to the studs
That’d be the recommended route
It's funny when you put new windows in and come back the next day to find them stolen or broken. Detroit. You can't fix Detroit, you can only paint over the mold.
Have never had that problem, a few get broken here or there, but never a whole house
Under that penny tile, the floor is rotted anyway so it’s not salvageable
I’m not so sure
it has piss stains ugh
''shea show riding videos'' is shea woods a real estate guy in detroit.
Save the bathtub money! Just put a shower...
Most tenants here have kids that require bathtubs
I fail to see the reasoning behind repeatedly zooming in and out. It only serves to make me dizzy and distract from excellent content.
We appreciate the feedback. We're going to take it into consideration for the upcoming videos.
- Connor (Sanborn Editor)
Who will live in this area of town????
Yuck. looks like a bulldozer special.
It’s got huge investment benefits