Indeed. For those reading the comments, go have a look at this fellas channel. Here's the link. th-cam.com/users/CafeManningvideos He's been working on a cool old stone house doing videos similar to mine in that he is showing the work step by step in a series. Leave a comment letting him know I sent you....of course, many of you here are also subscribers of his.
That's the part that makes me genuinely Happy for you is getting the family land back. That in itself is priceless. As far as the house goes the possibilities are endless. And I agree I LOVE that shower down stairs.!!! A real Man's basement (blank canvas) waiting to be customized. Oh, and I love this Lucas guy too. He's a super cool,Cat!! Until da next one Dirty Jersey Mike out!!!
@@moneymakingmikeg.9555 Thanks Mike. It was a nervous decision for me as I paid more for that house that I've spent to buy all my other houses combined but I don't regret it one bit. And yes, that Lucas guy aint too bad. A regular guy working hard, living his dream and providing for his family. People worship celebrities for their money, looks, clothes, cars and dumb stuff they do while real guys like him are true heros to be admired. I've never been a fan boy of "famous" people but it was not until recently that I TRULY realized how much your regular ole Joe that goes to work, stays out of trouble, a good man, husband and father, etc, etc....is the real hero. I know I'm going off topic, but for those reading, consider how hard it is to work for your money, to be taxed before you can even have it, then the majority of their spending is for the benefit of others. Not tooting my own horn, more my Dads and others out there that grind through life every day taking care of those around them. What did you do to me Jersey Mike...you got me going. I think that is why I am drawn to channels like @1806StoneHOuse It shows something real that people can relate to which is what my personal goal is with my own channel as far as how they are presented. At least I hope that's how they come across..... Dirty Southern John Doe Out!!!
Who ever marries this man is gonna be one happy ,lucky person ill tell you that right now . Guy knows everything about housing from plumbing, to electrical, and structural. I dont get how someone so young can know all this . Unbelievable and awesome
I was thinking the same thing. I am a woman that knows a lot of the same skills he does but some of his are more advanced like HVAC. I learned them from my Dad. I hope to find someone that skilled one day so we can work together flipping houses.
His wife is very lucky.. Every man should know some skills in something.. My husband and son know a lot of skill.. I'm native American and we learn many skills at a young age..I have to say this so don't hate on my opinions. I think many liberals would give this man some hate. Cause almost all men are not to know these type of skills and many other skills men have been learning for over thousands of years. We come across many of those video's..And seen them attack men like this by using nasty hateful words.. We have seen women that are homemakers. And make videos of things they have learned.. And liberal women have left nasty comments.. I know cause one of them was a good friend of mine. That got attacked..
Is it weird that whenever he says "Hey Everyone" it just makes me smile? He just says it in such a genuine way, it makes me happy. He sounds like the kind of guy who would be an awesome friend to have. Informative, friendly, seems easy going, and good with his hands.
$1000 dang, out here in the city our street level basement which was renovated into a 1 bedroom is rented out for $1200... sheesh shows the difference between rural and city real estate
How nice to see a young man who is not afraid of hard work. This is RARE in your generation. Your wife is blessed to have you. Keep up the great work! And major props to your parents who raised you!
From one rental owner to another I recommend installing curtains rods yourself to the wall as above all the window frames. Make sure they are secure too. We had 3 renters tack sheets and whatnot to the window trims or put up the horrible elbow curtain brackets damaging the original window trim. It just seemed to be an issue with even the nicest and tidiest of renters. We have yearly leases and made that change 3 years ago. We have had two renters and no issues.
My landlord must have had those problems too because when we moved in they had installed curtain rods and even added fabric valances they are so cute we decided to just leave them up, its an adorable old small farmhouse and I adore every old creek and crack of the old place!
Wtf? People are such freaks... we never installed curtains in our rental because I didn’t want to drill into walls in a house we didn’t own, it came with blinds but the cats chewed the cords- so we replaced them with nicer blinds and left them when we moved.
In the initial walk-through video he says the basement bathroom was intended for someone who had been working the fields and would have been filthy. But I agree, I definitely get Ed Gein vibes from it.
In my garage there is a toipet and a large plastic like laundry sink my grandpa put in. I guess if youre dirty from working and didnt want track it in the house.
Oh that every man on earth was a hard working, righteous family man like this man. There would be so much more light on earth and evil would disappear. God bless you!
I would love for my husband to know all these skills! Everything looks amazing and its all done with full effort. The details and care you put into each property really show
Getting family land back is amazing! And to rent that house here in Washington State would be $2000.00 or more a month. With all that land around it and all that space, maybe even more than that! Nice!
you have to look at all the details in a city obviously rent is going to be higher but his house looks more in a rural area which brings the price down
dude im 19 with a kid living in new york city going to college and just lost my job! i need to do the same thing! gonna go buy your book right now on my last few dollars. hope its worth it and thanks for sharing!
This House 🏡 turned out beautifully! I really love the woodwork and floors! They look great! Son you are a force of nature! A dry witted intelligent handsome multi skilled craftsman! I love your videos!👍🏻Thank you for sharing! Be safe and healthy!👍🏻😷😊
@@mikec5003 every class at my cc is 1000+ per semester. You can take more than one class in the semester for the same price, but there are no cheap classes to take by themselves. Its infuriating.
I'm sure the majority of home improvement can be found for free here on TH-cam. Diligently search for tutorials. You'll have to piece the lessons together yourself though.
As I have noted here before, I am always amazed and impressed by all the jobs you can do on your own! Keep up the good work and keep the great videos coming our way!
Wow those floors are so beautiful refinished. This house was cleaned up rather easily. Nice to see a home that wasn’t totally trashed by previous owners.
Buddy was running service for electrical, you have to be licensed in most places to do it unless he was just assisting the electricians. Even panel work where i'm from you need to be licensed.
@@ae1ae2 Yes in Ontario Canada, they allow the house owner to do electrical runs in the house, not 100% on breaker work, but changing panels need inspection and install by a licensed electrician. Service work requires licensed electrician and inspection. If you are doing wire runs and installing a new light or receptical they allow owner to do.
Great video and the house looks great after the renovation. It's astonishing how you manage to do all the electrical and plumbing stuff, but you are a master of you're craft after all, so probably that is why everything is made tidy, clean, ordered. Thanks again for sharing how good quality work is done. I choose to work like you and bring value and joy to myself and the people around me!
That original old wood trim around all the doors and scalloped wood detail in the kitchen is awesome. Love all that land. That basement bathroom reminded me on a campsite bathroom. Nice job
This is my favorite house renovation on TH-cam! My goal is to be exactly like you..... I have 5 rentals already.... but I don't have the technical skill you have quite yet.
not always. rentals aren't exactly the most profitable i do accounting for several people who have a lot more rentals than this guy and they're lucky if they break even. 1000 a month for the rent, 800 a month for the mortgage leaves a 200 dollar margin. Now take the total of what this dude spent on the house and include the sweat equity it'll take a decade to pay for it all and that doesn't include future repairs that WILL Need to be done. Thus the youtube videos and the whole host of other stuff this dude has to do in order to make ends meet. Work Smarter NOT Harder.
This house was something I bought because I wanted it, it's not an investment in the same way my other stuff is. I just want the mortgage covered. I don't mind the costs I enquire, it was bought knowing that. I pay cash for investment properties and own all my other stuff.
@@captainfancypants4933 The guy in the video buys houses for cheap that need a lot of work and then he does the work and raises the value. He is also a furniture maker and woodworker. Acquiring assets over the long term is a means to build long term wealth. It maybe 1000 a month today and in 10 years time it could be $1500 to $2500. Maybe he will sell it for twice the price down the line or move into and build a series of workshops for him self.
Ill be getting my first house bought this year and do the same thing :D so excited to move forward and give this a shot. I have been in the remodeling buisness for about 4 years now, and im only 24 years of age! Wish me luck!
The reno on this one was way different. I like the idea you regained family land with this home. It's a wonderful place. The last shot of the land all around was great. Good job, as usual. :)
That is an awesome little house. Plenty of room for a couple and still cozy. With a good plot of land to boot. That's what we are searching for currently.
Love the craftsmanship you put out. With that being said, I find it fascinating to learn about the finance side of things. You stated your mortgage is $856 and rent will be $1000. With property management taking 10%, you'll be left with $900 before the mortgage. Does your mortgage have the taxes included in escrow, or do you pay those separately? As you stated before, you bought this as it was formerly land held by your family. I can totally relate. But I think it would be helpful to your fans to explain that the income from your other properties helps offset the losses you expect to incur over the years on this purchase. Again, I can understand the logic you've used but for those who are interested in investing in real estate they need to understand the numbers behind it. Keep up the great work. I love your content. Keep going!!
so when the mortgage is payed off the place makes him 900 a month. The place doesnt lose him money and it has sentimental value, seems like a good deal tbh.
@@gerardj4692 I think what he was trying to get at is that until the mortgage is paid off, would figure a 15 year, he will only make about $40/month on it. What about normal maintenance on the place? He is renting, so how does he cover repairs after renters have vacated to prepare for the next renters? Things like that. I can see your side though as it does come with 14 acres that he has other plans for. So likely just wanted this place to cover itself and the land rather than trying to make a real profit from it.
@@gerardj4692 This makes the assumption that he never has a vacant month (with $144 of cushion per month, a single vacant month would knock out 6.5 months of profit). This also assumes that nothing happens to any appliances (a/c, heater, dish washer, range, microwave, fridge, etc.). Essentially, $144/month gives him $1,728 a year to spend on this place before it loses him money for the year. I'm not an expert, so I have no real opinion on whether or not this is good or bad or doable or not. I'm just pointing out that there are a lot of things that can go wrong with a home, even just from a routine maintenance standpoint, and almost all of them will be a significant factor in making money. Or, as mentioned, 2 months of vacancy, which would mean $2,000 of lost rent, or $1,700 of unsubsidized mortgage payments. Obviously, as the other poster mentioned, he may have plans that make this totally doable and he clearly knows what he's doing..... And, if he just wanted the land, then it's not really a property he's using for income as much as one that is just subsidizing his purchase of land he already wanted anyhow (sounds like this is probably the case), in which case it's great.
I really wish I could find something like this, i'm planning on moving out myself soon and having some land to take care of again would be nice. Also listening to the ambient sounds at dusk in the fall would be so nice, just getting away from all of the noisy neighbors and constant noises of a neighborhood. Having peace and quiet again for once is honestly all I want. You've done a great job these past few houses, and I wish you the best of luck on the future projects. Maybe one day I can be as handy as you are and buy and fix my own house up like this.
I felt the opposite. Renters don’t care about a new electrical panel or new HVAC. I would have glazed that bathroom tile, spray painted the cabinets, changed out that linoleum for a nice LVP and added dressier hardware. Renters want pretty, they don’t care about the age of the roof or HVAC, for example. It just has to work. But I’m thrilled he’s getting $1000/month as is. Downstairs I would have created a second unit to rent out as plumbing is already there and doubled income. (Speaking from 18 years experience as a Realtor)
@@KathyOdinson He's protecting his investment in the property (especially if he wants to sell in the next few years). It costs him a little now, but if he didn't, i'm sure you know this from experience he'd be fixing it himself when it came up in the inspection and/or loosing buyers.
Vous êtes un homme en or ! Être aussi polyvalent dans toutes les catégories. Vous êtes EXTRA ! C'est superbe, magnifique 👌👌👌👍👍 Sincèrement bravo 👏👏👏👏🤜🤛
Christine Flores I'm interested in how to learn some of these skills. I'm assuming he learned from someone else not so much from school. Anyway, I would like to know as well since I'm interested in doing the same in a few years.
Beautiful the electrical and plumbing RI installs and replacement items turned out so smooth. I love that you kept the kitchen as close to original as possible installed a new dishwasher the floors are awesome the walls are awesome beautiful job.
Thank you for refinishing the hardwood floors!! I absolutely hate when people take out their beautiful hardwood because it's a little scuffed and replace it with vinyl or laminate.
Wow!!!! I'm impressed with so much knowledge you have acquired in such a short time. Meaning, even if you took a couple of years still impressive. Good job!!!
Yeah the real estate in Colorado has become incredibly expensive! Colorado, N Carolina and Nashville,TN has become some of the most expensive places to live. It's to the point that those who were born and raised can't afford to live there..
I was raised in Michigan primarily and had my grandparents in Ohio and we were close to Kentucky and Tennessee and Indiana and my dad always drove us to Iowa to visit friends of his but now I'm in South Florida where I can't even grow vegetable garden. Well maybe I can above ground. But it's so hot it doesn't even matter. I love love the land and it makes me think that you might be in Georgia or Tennessee or somewhere gorgeous I know you probably can't tell us where it is but I'd love to know the general area. Best wishes to you. Your Dad must be proud!
5:45 Putting the hot-maker up against the cold-maker. How did that ever become such a popular thing? That is an impressive amount of work for one person in only 3 months! Well done!
not worth it to deal with tenants... he's using the rent to only pay off the mortgage... just pay someone else to deal with all the whining and bulloxxx from the tennant
That’s awesome to get that family land back!! 👍👍
Indeed. For those reading the comments, go have a look at this fellas channel. Here's the link. th-cam.com/users/CafeManningvideos He's been working on a cool old stone house doing videos similar to mine in that he is showing the work step by step in a series. Leave a comment letting him know I sent you....of course, many of you here are also subscribers of his.
Homemade Home thanks for this 👍👍 much appreciate 😃
That's the part that makes me genuinely Happy for you is getting the family land back. That in itself is priceless. As far as the house goes the possibilities are endless. And I agree I LOVE that shower down stairs.!!! A real Man's basement (blank canvas) waiting to be customized. Oh, and I love this Lucas guy too. He's a super cool,Cat!! Until da next one Dirty Jersey Mike out!!!
@@moneymakingmikeg.9555 Thanks Mike. It was a nervous decision for me as I paid more for that house that I've spent to buy all my other houses combined but I don't regret it one bit. And yes, that Lucas guy aint too bad. A regular guy working hard, living his dream and providing for his family. People worship celebrities for their money, looks, clothes, cars and dumb stuff they do while real guys like him are true heros to be admired. I've never been a fan boy of "famous" people but it was not until recently that I TRULY realized how much your regular ole Joe that goes to work, stays out of trouble, a good man, husband and father, etc, etc....is the real hero. I know I'm going off topic, but for those reading, consider how hard it is to work for your money, to be taxed before you can even have it, then the majority of their spending is for the benefit of others. Not tooting my own horn, more my Dads and others out there that grind through life every day taking care of those around them. What did you do to me Jersey Mike...you got me going. I think that is why I am drawn to channels like @1806StoneHOuse It shows something real that people can relate to which is what my personal goal is with my own channel as far as how they are presented. At least I hope that's how they come across..... Dirty Southern John Doe Out!!!
Loved it,nice video and of course awesome job you done👍😊...
Who ever marries this man is gonna be one happy ,lucky person ill tell you that right now . Guy knows everything about housing from plumbing, to electrical, and structural. I dont get how someone so young can know all this . Unbelievable and awesome
Mark Medina he’s already married and you’re right, I’m sure she’s one lucky woman 😊
I was thinking the same thing. I am a woman that knows a lot of the same skills he does but some of his are more advanced like HVAC. I learned them from my Dad. I hope to find someone that skilled one day so we can work together flipping houses.
My dad is a bit like him. Knows a few skills. He is always very curious and eager to learn and that’s his secret I guess. So proud of him!
Read home repair books , you’ll get there as I did once in my life .. it’s fun fun!!!
His wife is very lucky.. Every man should know some skills in something.. My husband and son know a lot of skill.. I'm native American and we learn many skills at a young age..I have to say this so don't hate on my opinions. I think many liberals would give this man some hate. Cause almost all men are not to know these type of skills and many other skills men have been learning for over thousands of years. We come across many of those video's..And seen them attack men like this by using nasty hateful words.. We have seen women that are homemakers. And make videos of things they have learned.. And liberal women have left nasty comments.. I know cause one of them was a good friend of mine. That got attacked..
He knows everything. From carpentry to electrical! He saved a lot of money
This man can flip an entire house by himself 😂 simply amazing!!
ApplePie he might lol
When he start doing Hvac my jaw dropped
Is it weird that whenever he says "Hey Everyone" it just makes me smile? He just says it in such a genuine way, it makes me happy. He sounds like the kind of guy who would be an awesome friend to have. Informative, friendly, seems easy going, and good with his hands.
I love you for keeping those hardwood floors. Lovely.
House renovation: 3 months.
Changing smoke alarm batteries`3 years
I searched my house for half an hour a few videos back!
Serge.......I am so angry right now.
@@homemadehome5575 Hehe and was only for laughs and certainly not meant to be negative. Love your videos.
@@Fattony6666 I was joking about one of the other replies. It's a fella that I have crossed paths with in the past.
@@homemadehome5575 how did u learn all this? so awesome
That vintage kitchen! BEAUTIFUL! I'd be there if I needed a house. So glad you cared not to rip out character!
$1000 dang, out here in the city our street level basement which was renovated into a 1 bedroom is rented out for $1200... sheesh shows the difference between rural and city real estate
How nice to see a young man who is not afraid of hard work. This is RARE in your generation. Your wife is blessed to have you. Keep up the great work! And major props to your parents who raised you!
From one rental owner to another I recommend installing curtains rods yourself to the wall as above all the window frames. Make sure they are secure too.
We had 3 renters tack sheets and whatnot to the window trims or put up the horrible elbow curtain brackets damaging the original window trim. It just seemed to be an issue with even the nicest and tidiest of renters.
We have yearly leases and made that change 3 years ago. We have had two renters and no issues.
My landlord must have had those problems too because when we moved in they had installed curtain rods and even added fabric valances they are so cute we decided to just leave them up, its an adorable old small farmhouse and I adore every old creek and crack of the old place!
Up in Ontario I see blinds more than curtains.
Wtf? People are such freaks... we never installed curtains in our rental because I didn’t want to drill into walls in a house we didn’t own, it came with blinds but the cats chewed the cords- so we replaced them with nicer blinds and left them when we moved.
I enjoy watching your videos because you're so knowledgeable in all areas of renovation.
Love it! My uncle bought back my grandma and grandpas house that he and my mother grew up in and fixed it up.
Absolutely stunning!
SO glad you saved all that original style and woodwork! That house really stands out in a crowd now. What an absolute gem! 🧡
that basment shower is straight up for when you just hacked someone up and the wife wont let you use the good shower to wash off the gore.
if i had a nickel for every time this happens
In the initial walk-through video he says the basement bathroom was intended for someone who had been working the fields and would have been filthy. But I agree, I definitely get Ed Gein vibes from it.
In my garage there is a toipet and a large plastic like laundry sink my grandpa put in. I guess if youre dirty from working and didnt want track it in the house.
🤣🤣🤣
I love how you kept some...a lot of the original charm of the house. Not everything old is "outdated."
Oh that every man on earth was a hard working, righteous family man like this man. There would be so much more light on earth and evil would disappear. God bless you!
I would love for my husband to know all these skills! Everything looks amazing and its all done with full effort. The details and care you put into each property really show
Well your husband would probably love for you to know all these skills
Getting family land back is amazing! And to rent that house here in Washington State would be $2000.00 or more a month. With all that land around it and all that space, maybe even more than that! Nice!
you have to look at all the details in a city obviously rent is going to be higher but his house looks more in a rural area which brings the price down
This house reminds me of a house that's just outside Strathmore Alberta in Canada, brings back memories of my travels, great video
dude im 19 with a kid living in new york city going to college and just lost my job! i need to do the same thing! gonna go buy your book right now on my last few dollars. hope its worth it and thanks for sharing!
vadim kovalev Move out of NYC!
I like that you left so much original. I really love the original wood paneling and kitchen, I think it’s very cute and classic
i love the fact that you do all the work, painting, electrician , plumber. its impressive keep up the good work
You have an incredible work ethic. I am impressed. You could probably make $200k/year in Northern Virginia with your skills.
Thomas Morrison he’s making much much more from TH-cam
@@flawlessproxx7374 nope, he's not actually. probably only barely making enough to survive, like 35k-40k
Karifurai bro this guy has countless properties rented out and has tons of views on youtube. This guy is living more than comfortably.
@@karifurai8479 im sure he makes more than that in youtube
Yall really think he make 35 k a year and he remodel homes i cant believe this world have got that slow
You are truly a Jack of All Trades! Very impressive for a man your age. Keep up the great videos
Wonderful to see someone who loves his family so much.
This House 🏡 turned out beautifully! I really love the woodwork and floors! They look great! Son you are a force of nature! A dry witted intelligent handsome multi skilled craftsman! I love your videos!👍🏻Thank you for sharing! Be safe and healthy!👍🏻😷😊
Who Taught you to do all of this is so cool which I had the skills great job!!!!
Michael like what? How do I find these classes?
Jamael Nettles I’ve taken a few classes at my local community college and learned quite a bit
@@mikec5003 every class at my cc is 1000+ per semester. You can take more than one class in the semester for the same price, but there are no cheap classes to take by themselves. Its infuriating.
Jamael Nettles Home Depot offers pretty cheap classes on how to do many projects. 👍
I'm sure the majority of home improvement can be found for free here on TH-cam. Diligently search for tutorials. You'll have to piece the lessons together yourself though.
Absolutely lovely! It's so nice to see someone restore a home and leave the features that make it valuable.
As I have noted here before, I am always amazed and impressed by all the jobs you can do on your own! Keep up the good work and keep the great videos coming our way!
Wow those floors are so beautiful refinished. This house was cleaned up rather easily. Nice to see a home that wasn’t totally trashed by previous owners.
You are soooo enterprising Mashallah.
Your parents must be so proud of you.
Wish all youngsters could be like that.
Great job .
Yeah he really knows how to do a lot of different things
That electrical box redo was so satisfying. Thank you.
Where/how did you get so proficient in so many trades? Impressive
Buddy was running service for electrical, you have to be licensed in most places to do it unless he was just assisting the electricians. Even panel work where i'm from you need to be licensed.
Yeah, but can he procrastinate for months on end? He got nothin’ on me.
Pretty sure you're not supposed to loop any electrical wires. Once they make a 360 they can start transforming.
@@boratb258 Is that true if you own the property?
@@ae1ae2 Yes in Ontario Canada, they allow the house owner to do electrical runs in the house, not 100% on breaker work, but changing panels need inspection and install by a licensed electrician. Service work requires licensed electrician and inspection.
If you are doing wire runs and installing a new light or receptical they allow owner to do.
Great video and the house looks great after the renovation.
It's astonishing how you manage to do all the electrical and plumbing stuff, but you are a master of you're craft after all,
so probably that is why everything is made tidy, clean, ordered. Thanks again for sharing how good quality work is done.
I choose to work like you and bring value and joy to myself and the people around me!
Dang you really can do it all. Wish I could apprentice for someone like you. Maybe in another life *sigh*
Watching this is what creating music feels like in my head. Been learning a few trade skills but am still super beginner. Truly inspiring.
Those kitchen cabinets are amazing! Thank you for leaving them or not painting them. And the floors are beautiful
That original old wood trim around all the doors and scalloped wood detail in the kitchen is awesome. Love all that land. That basement bathroom reminded me on a campsite bathroom. Nice job
I love the work that you do, renovations to cutting down trees !!
I am truly in awe of how many skills you have. Nothing would give me greater satisfaction then being able to do everything myself. Great video
This is my favorite house renovation on TH-cam! My goal is to be exactly like you..... I have 5 rentals already.... but I don't have the technical skill you have quite yet.
You make a circuit breaker box look like a piece of art. Keep the videos coming; they are very inspirational.
Perfect spot to raise a family! The floors are beautiful!👍💖
Is there anything this guy can't do?!!! I told my son - this is what a great role model looks like!!!
Congratulations! You are doing well for yourself & your family. Keep up the great work!❤️
Thank you for not destroying the beautiful original kitchen!
You're an awesomely smart young man. Great job buying it back I hope you have good respectful paying tenants. I have subscribed. 🙏🏡👍
Dude you did this basically all by yourself!!! Mind blown! Hats off to yuh!!!
This is how you get ahead in life "You work butt off...then reap the rewards"!! Good on ya from another home renovator :)
not always. rentals aren't exactly the most profitable i do accounting for several people who have a lot more rentals than this guy and they're lucky if they break even. 1000 a month for the rent, 800 a month for the mortgage leaves a 200 dollar margin. Now take the total of what this dude spent on the house and include the sweat equity it'll take a decade to pay for it all and that doesn't include future repairs that WILL Need to be done. Thus the youtube videos and the whole host of other stuff this dude has to do in order to make ends meet. Work Smarter NOT Harder.
This house was something I bought because I wanted it, it's not an investment in the same way my other stuff is. I just want the mortgage covered. I don't mind the costs I enquire, it was bought knowing that. I pay cash for investment properties and own all my other stuff.
@@captainfancypants4933
The guy in the video buys houses for cheap that need a lot of work and then he does the work and raises the value. He is also a furniture maker and woodworker.
Acquiring assets over the long term is a means to build long term wealth. It maybe 1000 a month today and in 10 years time it could be $1500 to $2500.
Maybe he will sell it for twice the price down the line or move into and build a series of workshops for him self.
Beautiful renovation. Just the paint alone brightened up the place.
Ill be getting my first house bought this year and do the same thing :D so excited to move forward and give this a shot. I have been in the remodeling buisness for about 4 years now, and im only 24 years of age! Wish me luck!
I love that you didn’t get rid of the wood in the home and kept it’s charm. Good job.
How proud is your Dad? You did good :)
The reno on this one was way different. I like the idea you regained family land with this home. It's a wonderful place. The last shot of the land all around was great. Good job, as usual. :)
Thanks, hoping the next one offers something different as well. Starting posting next week.
Amazing! Glad I was recommended this channel! I could watch these videos for hours.
That is an awesome little house. Plenty of room for a couple and still cozy. With a good plot of land to boot. That's what we are searching for currently.
Love the craftsmanship you put out.
With that being said, I find it fascinating to learn about the finance side of things. You stated your mortgage is $856 and rent will be $1000. With property management taking 10%, you'll be left with $900 before the mortgage. Does your mortgage have the taxes included in escrow, or do you pay those separately?
As you stated before, you bought this as it was formerly land held by your family. I can totally relate. But I think it would be helpful to your fans to explain that the income from your other properties helps offset the losses you expect to incur over the years on this purchase. Again, I can understand the logic you've used but for those who are interested in investing in real estate they need to understand the numbers behind it.
Keep up the great work. I love your content. Keep going!!
Dominic Lucarelli does he mean $1000 a month?
@@ASlipperySeal456 I believe so. Rent would be $1000/mo.
so when the mortgage is payed off the place makes him 900 a month. The place doesnt lose him money and it has sentimental value, seems like a good deal tbh.
@@gerardj4692 I think what he was trying to get at is that until the mortgage is paid off, would figure a 15 year, he will only make about $40/month on it. What about normal maintenance on the place? He is renting, so how does he cover repairs after renters have vacated to prepare for the next renters? Things like that. I can see your side though as it does come with 14 acres that he has other plans for. So likely just wanted this place to cover itself and the land rather than trying to make a real profit from it.
@@gerardj4692 This makes the assumption that he never has a vacant month (with $144 of cushion per month, a single vacant month would knock out 6.5 months of profit). This also assumes that nothing happens to any appliances (a/c, heater, dish washer, range, microwave, fridge, etc.). Essentially, $144/month gives him $1,728 a year to spend on this place before it loses him money for the year. I'm not an expert, so I have no real opinion on whether or not this is good or bad or doable or not. I'm just pointing out that there are a lot of things that can go wrong with a home, even just from a routine maintenance standpoint, and almost all of them will be a significant factor in making money. Or, as mentioned, 2 months of vacancy, which would mean $2,000 of lost rent, or $1,700 of unsubsidized mortgage payments.
Obviously, as the other poster mentioned, he may have plans that make this totally doable and he clearly knows what he's doing.....
And, if he just wanted the land, then it's not really a property he's using for income as much as one that is just subsidizing his purchase of land he already wanted anyhow (sounds like this is probably the case), in which case it's great.
You are a top notch Jack of all trades! Every job seems so simple and nice to watch it done🤘
Where I live all stairways on a rental unit require a secure handrail. Safe and reduces lawsuits.
I really wish I could find something like this, i'm planning on moving out myself soon and having some land to take care of again would be nice. Also listening to the ambient sounds at dusk in the fall would be so nice, just getting away from all of the noisy neighbors and constant noises of a neighborhood. Having peace and quiet again for once is honestly all I want. You've done a great job these past few houses, and I wish you the best of luck on the future projects. Maybe one day I can be as handy as you are and buy and fix my own house up like this.
Lovely house. Just simple, clean and homey. You have great talent! Nice job!
I love how you film & edit your videos! Thanks for sharing.
Being able to renovate a house in 5 minutes is truly something. 🤯
This house looks awesome. The floors and the front door are fabulous.
The home looks lovely , it was awesome watching you guys replace the electrical parts and plumbing !
A tip for brazing. Remove the shearer cores on the outdoor unit while brazing. The seals can melt when too hot and cause refrigerant to leak.
How did you learn all this stuff? You can do it all!
By doing it, it's not hard.
Ceasar Augustus You learn to upgrade to 200amp service and install HVAC proficiently by just “doing it”. No study, manual reading or mentorship? Lol
@@ceasaraugustus1758 "How do you do it"
"Yes"
Basically your response
I love that you didn’t completely change the house. Older houses are treasures.
Your skills with wiring and plumbing are the most impressive to me! I wish I had attained those skills in my youth!
You did a good job on everything especially like those floors. This basement stairs give me anxiety though lmao.
The bathroom floor is scary!
Love that you spent the money on the stuff that gives you more back on the rental price! And that makes the house nice and livable.
I felt the opposite. Renters don’t care about a new electrical panel or new HVAC. I would have glazed that bathroom tile, spray painted the cabinets, changed out that linoleum for a nice LVP and added dressier hardware. Renters want pretty, they don’t care about the age of the roof or HVAC, for example. It just has to work. But I’m thrilled he’s getting $1000/month as is.
Downstairs I would have created a second unit to rent out as plumbing is already there and doubled income. (Speaking from 18 years experience as a Realtor)
@@KathyOdinson He's protecting his investment in the property (especially if he wants to sell in the next few years). It costs him a little now, but if he didn't, i'm sure you know this from experience he'd be fixing it himself when it came up in the inspection and/or loosing buyers.
But in the interim, renters will not pay more for a property with a new electrical panel. That was my point.
Where the heck can I rent an ENTIRE home on land like that for $1,000/month?!?!?!
Come to finland
Texas has houses like that in the city
I’m on 10 great acres in Missouri with a house that looks shockingly similar to this. $450 a month.
South Carolina!
@@MariadeJesus98 where in South Carolina?
You still seem so very young! Love the land! And thank you so much Mike for letting us know what happened with the land.
You know all the Trades amazing
Vous êtes un homme en or ! Être aussi polyvalent dans toutes les catégories. Vous êtes EXTRA ! C'est superbe, magnifique 👌👌👌👍👍 Sincèrement bravo 👏👏👏👏🤜🤛
How do you know how to do all of this? Did you go to a technical college? When did you start using these skills?
Christine Flores I'm interested in how to learn some of these skills. I'm assuming he learned from someone else not so much from school. Anyway, I would like to know as well since I'm interested in doing the same in a few years.
@@humbledservant9693 work under some tradesmen or just learn form the internet. There is a wealth of knowledge but nothing beats doing the work
Those hardwood floors are gorgeous! So great that they only needed minor restoration.
Man I wish I could rent for $1000 a month. Where I live you can’t even get a place in a ghetto for that
Move to the midwest
Yeah... CA sucks. I can't wait to GTF outa this sh*thole state.
And only an small studio, with one small window (utilities: not included)
wow! i was thinking that this was overpriced. i live in ky in the country and the house would’ve probably rented for $500-$600
@@jessicamercer731 I was thinking the same.
Beautiful the electrical and plumbing RI installs and replacement items turned out so smooth. I love that you kept the kitchen as close to original as possible installed a new dishwasher the floors are awesome the walls are awesome beautiful job.
😲This video was so fun watching it great work on that house.🤔
Thank you for refinishing the hardwood floors!! I absolutely hate when people take out their beautiful hardwood because it's a little scuffed and replace it with vinyl or laminate.
Where did you learn how to do all that electrical work?
TH-cam?? 😁
@@Tattooed-ig8tj I found this channel Electrician U...th-cam.com/channels/B3jUEyCLRbCw7QED0vnXYg.html
This guy is awesome!
Wow!!!! I'm impressed with so much knowledge you have acquired in such a short time. Meaning, even if you took a couple of years still impressive. Good job!!!
How are you legally able to do electrical, water, sewer, gas HVAC etc??? I understand & can do all myself, but not legally!!!
as a home owner you can you do your own - may vary by state
He's like Prince he can do it all. If I was around this guy I would ask for training.
Great job yet again. If I was your Mum and Dad I'de be very proud of you, keep up the good work, love watching you work. Xx
Your awesome that you have the know how? To do alot of work your self? That's helpful and save you alot of money?
WOW. Second video I watch. This guy should just start building houses from scratch. Inspirational!
You make it look so easy to do but I know it's not.Well,done.😀
I am so proud of you. Been watching you for many a year and you always amaze me in your work ethic and knowlege. Thanks for great content
One of the easiest and cheapest upgrades you can do to a house is to change the outlets and faceplates. Brown is so incredibly dated.
Your Land is beautiful, you’ve made a wise choice and your hard work will pay off!
$1,000 damm in Colorado that’s for a studio apartment and 2 bedroom it’s like 1400-1700 I need to move out of Colorado 🤦🏽♂️😂😂😂 great video tho 👍🏽
Yeah the real estate in Colorado has become incredibly expensive! Colorado, N Carolina and Nashville,TN has become some of the most expensive places to live. It's to the point that those who were born and raised can't afford to live there..
Lmao in California you could probably rent one room in that house for $1,000 a month
Isaiah Blackmon 🤦🏽♂️😂😂😂
I was raised in Michigan primarily and had my grandparents in Ohio and we were close to Kentucky and Tennessee and Indiana and my dad always drove us to Iowa to visit friends of his but now I'm in South Florida where I can't even grow vegetable garden. Well maybe I can above ground. But it's so hot it doesn't even matter. I love love the land and it makes me think that you might be in Georgia or Tennessee or somewhere gorgeous I know you probably can't tell us where it is but I'd love to know the general area. Best wishes to you.
Your Dad must be proud!
When painting why don't you tape all the base and window and door frames. Also why not use a 18 inch roller?
What a beautiful piece of property and such a great score for you! Those floors just gleamed.
Was that a 4 ton or 5 ton condensing unit you put in there
5:45 Putting the hot-maker up against the cold-maker. How did that ever become such a popular thing? That is an impressive amount of work for one person in only 3 months! Well done!
You know how to deal with everything, except the tenants LOL
not worth it to deal with tenants... he's using the rent to only pay off the mortgage... just pay someone else to deal with all the whining and bulloxxx from the tennant
It looked like the meter box u put is a Milbank meter box. I make those they are made right here in Kansas City MO. Thanks for supporting my job! 🤗🙏
Where is the renovation? I only saw maintenance. ;-)