Flipping Your First Deal | Ep. 1 Analyzing the Deal

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  • เผยแพร่เมื่อ 30 ก.ย. 2024
  • Christopher Gill, experienced house flipper, and serial entrepreneur takes you on the journey of flipping a house.
    This in-depth and engaging series isn't your generic flipping show.
    Ep. 1 is all about analyzing the deal. Follow Chris to learn how he analyzes this property and stay tuned for Ep. 2 - Creating a Killer Floor Plan!
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    Join BiggerPockets - /www.biggerpockets.com
    Connect with Chris on BiggerPockets -www.biggerpock...
    Check out his site - www.chrisfgill.com
    Follow Chris on Facebook - chrisfgill
    Follow Chris on social - @chrisfgill

ความคิดเห็น • 145

  • @americansweetheart5597
    @americansweetheart5597 5 ปีที่แล้ว +99

    My first house, the lady that brought me the keys said 'so are you going to demolish it?'. I've doubled my money. 😊 First flip. I'm a 26 year old single female. Rebuild roof, subfloors, porches, plumbing, flooring, removed walls, new everything. The people who say its to big of a project or to just bulldoze it, they don't have the heart for it. Let them talk. You go ahead and do everything they said you couldn't. I had so many people tell me I couldn't or shouldn't do it.

    • @sergiogonzalez4796
      @sergiogonzalez4796 4 ปีที่แล้ว

      Eternity Bliss do you have pictures!!

    • @tdmoses2386
      @tdmoses2386 4 ปีที่แล้ว

      Is not about having the heart for it we are looking to make money and you could have probably triple your profits had you found the place that was quiet last renovation

    • @kevinbillman6642
      @kevinbillman6642 4 ปีที่แล้ว

      Would you be willing to answer a few questions on the financial spectrum?

    • @aidanh.3314
      @aidanh.3314 4 ปีที่แล้ว

      Did you hire a contractor to do the fixes?

    • @addagirl3487
      @addagirl3487 4 ปีที่แล้ว

      Did you do most your self of hire help and professionals?

  • @going2sleep
    @going2sleep 5 ปีที่แล้ว +42

    This is a nightmare project.

  • @stadler72
    @stadler72 6 ปีที่แล้ว +42

    I like extreme examples like this because it shows you more about what's possible. REALLY looking forward to the rest of the series.

  • @joey6608
    @joey6608 6 ปีที่แล้ว +21

    Yeah this definitely isn’t a house for beginners like me

  • @AdamBrownKC
    @AdamBrownKC 6 ปีที่แล้ว +81

    This is really interesting, but definitely a bit much for a first-time deal. I'm not saying it's impossible or can't be done, but if you're brand new it might be too advanced.

    • @christopherfgill
      @christopherfgill 6 ปีที่แล้ว +15

      Totally agree! Probably better to ease in to these sorts of deals. My first rehab was around $20k; mostly cosmetic updates.

    • @americansweetheart5597
      @americansweetheart5597 5 ปีที่แล้ว

      Not true.

    • @maylinravelo1519
      @maylinravelo1519 5 ปีที่แล้ว +3

      I agree.

    • @yungblazer3627
      @yungblazer3627 4 ปีที่แล้ว +2

      Im thinking about doing me my very own project i worked in construction with my dad since i was 13 im now 18 i think i might be ready in a few years ive been saving since i was 17 i think in a few more years ill be ready to buy and do my first project also i live with my parents so i save alot of money

    • @drakebrainard4964
      @drakebrainard4964 4 ปีที่แล้ว +1

      @@christopherfgill should i get a fha loan for my first one?

  • @BeastmodeJones316
    @BeastmodeJones316 6 ปีที่แล้ว +67

    just tear it down and build a new house over it..lol

    • @MichaelP-ke1tm
      @MichaelP-ke1tm 6 ปีที่แล้ว +4

      PumpChasers
      Wheres Vince G at lol

    • @christopherfgill
      @christopherfgill 6 ปีที่แล้ว +13

      Because the home is in a designated historic district it's almost impossible to tear down (even though it's in REALLY bad shape). Definitely something you should way the pros and cons of before starting to work in historic districts.

    • @BeastmodeJones316
      @BeastmodeJones316 6 ปีที่แล้ว +2

      fuck man..lol i lstill ook forward to seeing how it come out

    • @JayWerx
      @JayWerx 6 ปีที่แล้ว

      Swear I was thinking that too

    • @MrMadskillz407
      @MrMadskillz407 6 ปีที่แล้ว +1

      What up Mr Jones!!

  • @matthewerwin4677
    @matthewerwin4677 5 ปีที่แล้ว +2

    I bet he lost his ass on this deal.

  • @phillipsynenberg7317
    @phillipsynenberg7317 6 ปีที่แล้ว +16

    You certainly have your work cut out for you here. I'm excited to see the outcome of this.

  • @jeffreybrooks3004
    @jeffreybrooks3004 5 ปีที่แล้ว +5

    Music takes away from the video. Too loud

  • @Arthur-Silva
    @Arthur-Silva 5 ปีที่แล้ว +1

    Definitely not a deal for a beginner, you really need to know your shit before you jump into such massive project.

  • @SteveRam
    @SteveRam 5 ปีที่แล้ว +1

    Wow. I've done a few fixers now, some are bigger projects than others, but that one is falling apart! literally

  • @Chanseit
    @Chanseit 6 ปีที่แล้ว +10

    Already LOVE this series! Cant wait for more Ep's!!

  • @darrins3206
    @darrins3206 4 ปีที่แล้ว +4

    This is not "analyzing" a deal. It was a quick walk through with no breakdown of cost estimating. Also, I cannot see paying 135k for that house in it's current condition in Texas which has a relatively low cost of living.

    • @typhenis
      @typhenis 4 ปีที่แล้ว

      San santonio historic district is why it has good inherent value

    • @l8dykickass418
      @l8dykickass418 4 ปีที่แล้ว

      The asking price was $299,000 I wonder how much he offered them for it 🤔 I think it sold for $320,000, after the renovation and 6 price reductions, that’s what the records show 😳😳

    • @BeyondTheBoundsOutdoors
      @BeyondTheBoundsOutdoors 3 ปีที่แล้ว

      Yup....walks thru a house...talks about.can flip anything with time and money.

  • @5710fpilot
    @5710fpilot 5 ปีที่แล้ว +9

    I wouldn't have spent more than 13,500 on that project lol!

  • @tmp6348
    @tmp6348 5 ปีที่แล้ว +5

    BROOOO Im scared as hell for you with this house... But I'll keep watching lol

  • @brandonbellino8896
    @brandonbellino8896 6 ปีที่แล้ว +7

    I love the concept, but wouldn't it be better to use a better house as your case study/example? Not many people would choose a home needing that amount of work as their first flip, nor should they. Why not use a more realistic house for a first time flip?

    • @andrewfischer6896
      @andrewfischer6896 6 ปีที่แล้ว +1

      Brandon Bellino I agree, that is the only thing I don't like about BP. They make to much content towards deals with insane an amount of work like this or on crazy huge deals that 95% of there audience would never do.

  • @danielakasmart2891
    @danielakasmart2891 6 ปีที่แล้ว +7

    Where is ur hazmat suit???

  • @johnjamele
    @johnjamele 5 ปีที่แล้ว +2

    Man I wish I had a dime for every house-flipping wannabee scam artist on TH-cam trying to profit by going after the fatal combination of stupidity and greed.

  • @tacticaltemplar875
    @tacticaltemplar875 5 ปีที่แล้ว +4

    Gotta throw the whole damn house away.

  • @keiththomas653
    @keiththomas653 6 ปีที่แล้ว +8

    This will be a great great series I can’t want for the second

  • @andrewfischer6896
    @andrewfischer6896 6 ปีที่แล้ว +5

    Must be free labor in Texas. Because you are absolutely insane if think you are going to fix a home of that size with that much distress for only $100k

    • @hudsonhawksales9484
      @hudsonhawksales9484 6 ปีที่แล้ว

      I was thinking the same. Why ? I lived in South of Dallas for 4 yrs I didn't see San Antonio as that type of market. It looks like he is either using a 70 or 75% rule. If he spends 250K and makes 100K then its a good depending how much of the profit goes to him off this deal

    • @wendyannh
      @wendyannh 6 ปีที่แล้ว

      Amen to that! Let's see how close he actually gets, but I'd be amazed if he were able to do it for even double that.

  • @minhajeee
    @minhajeee 5 ปีที่แล้ว +3

    Add some proposal graphics and lower the background music volume, difficulty in concentrating...

  • @SeanPGribbons
    @SeanPGribbons 5 ปีที่แล้ว +1

    Have to know 3 main numbers ARV and repair value those 2 numbers will determine the third and most important number..... the buy price. All the money is in the buy.

  • @AprendizAdulto
    @AprendizAdulto 6 ปีที่แล้ว +8

    under 3 months. dayum.

  • @thatfunkymonkey
    @thatfunkymonkey 4 ปีที่แล้ว +1

    Dude you lost me at "shiplap is a type of sheetrock" seriously? How do you make money?

    • @markgabryel3318
      @markgabryel3318 4 ปีที่แล้ว +1

      Brassmonke X He’s just saying it’s a wall covering for people that don’t know what shiplap is.

  • @AllAboutPurple
    @AllAboutPurple 2 ปีที่แล้ว

    Damn $135K…they couldn’t get the price down???
    Maybe because of historic neighborhood.

  • @paulbrasfield1594
    @paulbrasfield1594 3 ปีที่แล้ว

    Wow....135k for a house in that condition?? And you're actually willing to pay that? That's not good investor efficiency.... Lol

  • @3sixty439
    @3sixty439 6 ปีที่แล้ว +6

    Hope it's a quality rehab, good luck!

  • @eurograterol1824
    @eurograterol1824 9 หลายเดือนก่อน

    I doubt he paid 135 k for that house! He really probably paid 20 k is extremely damaged and in San Antonio 135 k for 1800 is over priced 😊

  • @281covfefe5
    @281covfefe5 6 ปีที่แล้ว +2

    Shower in a closet ??
    How does that work ??
    Asking for a friend

  • @teelawalt2411
    @teelawalt2411 5 ปีที่แล้ว +1

    135k guy u can by a livable home for 20k but head

  • @sole48341
    @sole48341 5 ปีที่แล้ว

    This is for an advanced home flipper. Once you start fuckin with the foundation, it’s better to leave that to a more experienced team

  • @faydman
    @faydman 6 ปีที่แล้ว +3

    This looks like it could be a really good series. Thanks.

  • @57ashdot
    @57ashdot ปีที่แล้ว

    That house looks like a 'knocker downer' not a 'fixer upper'

  • @dbsstudent7719
    @dbsstudent7719 5 ปีที่แล้ว +1

    I'm getting into flipping. This house is a disaster, you even mention foundation IM OUT ✌️ unless they sold it for 10 thousand

  • @rogerhumphrey9277
    @rogerhumphrey9277 4 ปีที่แล้ว

    i wouldnt have paid more than 35K for that home. historic area or not.. you got stiffed

  • @thepipgroupllc5880
    @thepipgroupllc5880 5 ปีที่แล้ว +5

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  • @johngrable8001
    @johngrable8001 ปีที่แล้ว

    That for 135k, my boi you got scammed

  • @FlippinGenius
    @FlippinGenius 6 ปีที่แล้ว +1

    sometimes its best to just walk away. LOL omg. the whole house is slanted... like a fun house eh? your foundation is done

  • @gcxlc
    @gcxlc 6 ปีที่แล้ว +2

    Chris this is fantastic. Looking forward to Ep. 2

  • @justinmaringonzales3715
    @justinmaringonzales3715 5 ปีที่แล้ว +1

    A waist of time and money!!

  • @MrAzizisse
    @MrAzizisse 3 ปีที่แล้ว

    Learn to do most explanation with least talk

  • @MattCassCook
    @MattCassCook 5 ปีที่แล้ว +1

    What did it sell for in the end? What was the profit margin?

    • @UnboxDad
      @UnboxDad 3 ปีที่แล้ว

      It never sold according to Zillow.

  • @kcooks3
    @kcooks3 4 ปีที่แล้ว

    Hello I am new to this whole real estate I have no experience at all. I don't know where or how to start. I just need some one to help and show me how to do this. I work part time, where do I get the money from to get start. I need help I live in illinois. If there's anybody out their that is willing to help or mentor me I do appreciate it so much. Thank you all and have a bless day

    • @ontheflipside1285
      @ontheflipside1285 4 ปีที่แล้ว

      Hey K! One of the hardest parts about getting started in flipping is getting some funds to start with. If you own a personal home right now you can look into getting a home equity line of credit. This is basically a loan against the equity in your home. This is what I did to start my flipping business!
      Don't underestimate talking with family and friends either! It may make sense to partner up on your first few houses with someone who may have a little extra capital. Work on learning as much as possible and put together a business plan you can show people!
      Good luck to you with getting started in real estate! It is a super fun and rewarding career!

  • @ambiorixjaquez2549
    @ambiorixjaquez2549 3 ปีที่แล้ว

    Where does the analysis come in ?

  • @santoambre
    @santoambre 3 ปีที่แล้ว

    Chill with the techno music

  • @James-cg4jo
    @James-cg4jo 4 ปีที่แล้ว

    Why would you buy this dump lol

  • @vtonyvicente102
    @vtonyvicente102 6 ปีที่แล้ว +1

    Now this series is something I can get into. Beautifully done. Not shotty with a lack of structure and audio like literally everything Dave Meyer has ever done

  • @marvingiron3243
    @marvingiron3243 4 ปีที่แล้ว

    I seen worst then that

  • @alabamahouseflippers4480
    @alabamahouseflippers4480 3 ปีที่แล้ว

    Pos

  • @suprafan246
    @suprafan246 5 ปีที่แล้ว +1

    Looking forward to following it.

  • @Mckristof14
    @Mckristof14 6 ปีที่แล้ว +1

    awesome video!! Hope the series continues!

  • @eves714
    @eves714 4 ปีที่แล้ว

    The background music is sooo unnecessary and distracting :(

  • @JBatsche
    @JBatsche 6 ปีที่แล้ว +4

    Good luck with this project, this is my neighborhood.

    • @christopherfgill
      @christopherfgill 6 ปีที่แล้ว +1

      Heck yeah! Transforming Diggy Hill one home at a time!

  • @alexflaugher430
    @alexflaugher430 6 ปีที่แล้ว +1

    Awesome idea for the series. Really enjoy the shorter videos with great content!

    • @christopherfgill
      @christopherfgill 6 ปีที่แล้ว

      Thank you so much! Can't wait for the rest of the project.

  • @DeeplineStyle
    @DeeplineStyle 5 ปีที่แล้ว

    Waaaay too much required for this flip. Should've passed on this one.

  • @General_reader
    @General_reader 6 ปีที่แล้ว

    Waist of time and money. Nothing left of the character...
    Just burn it

  • @jeffminnesota7376
    @jeffminnesota7376 6 ปีที่แล้ว

    Wow. Wear do you start to swing the hammer lol...a project....hope it cost 10000 .

  • @jasonalexander6417
    @jasonalexander6417 5 ปีที่แล้ว

    $100K for rehab really? That must be a your starting price!

  • @michaelgonzalez8863
    @michaelgonzalez8863 6 ปีที่แล้ว +1

    Can’t wait till the next episode!

  • @JohnDoe-du1no
    @JohnDoe-du1no 6 ปีที่แล้ว

    Math don't add up guess you going in the bankruptcy Chapter 7 no assets

  • @rednkfn
    @rednkfn 5 ปีที่แล้ว

    Think I would have burned it...

  • @JCM289
    @JCM289 4 ปีที่แล้ว

    This project a different breed.

  • @eriq54321
    @eriq54321 5 ปีที่แล้ว

    Looks like a super stress headache with a lot of sleepless nights.

  • @thefunyunconnoisseur2995
    @thefunyunconnoisseur2995 6 ปีที่แล้ว

    I live in San Antonio, any advice for this market?

  • @tirrelcarkhum5562
    @tirrelcarkhum5562 3 ปีที่แล้ว

    Where do you get the money to cover the rehab

  • @MasterTizzle318
    @MasterTizzle318 5 ปีที่แล้ว

    Do you buy from wholesalers???

  • @corychalker
    @corychalker 6 ปีที่แล้ว

    Was this a bank repo? Looks like you picked it up for 5 bucks

    • @corychalker
      @corychalker 6 ปีที่แล้ว

      Oh nice you broke down the price and what you will invest into it

  • @user-uy3eq5hg1s
    @user-uy3eq5hg1s 6 ปีที่แล้ว

    I like this guy's videos a lot. More of him please!

  • @KyrstOak
    @KyrstOak 6 ปีที่แล้ว

    What's the thing at 1:56 called?

  • @weareorigin
    @weareorigin 6 ปีที่แล้ว

    What about the Texas climate change in the next decades though? Some predictions estimate Texas to have less water and more heat? Cincinnati has been getting more green December grass and less snow days in last 30 years.

    • @christopherfgill
      @christopherfgill 6 ปีที่แล้ว +2

      Can't control the climate, but I know at least right now Texas is a great place to start a business, low overall taxes, and steadily growing population. All that hopefully equals a fantastic place for real estate investing!

  • @teelawalt2411
    @teelawalt2411 5 ปีที่แล้ว

    hes lieing to u guys

  • @netania123
    @netania123 6 ปีที่แล้ว

    I can’t wait for episode 2 ☺️👍

  • @xCCflierx
    @xCCflierx 6 ปีที่แล้ว

    Is there a video you guys have that just breaks down how to structure a deal? Like a template to use when pitching to investors?

  • @jenniferbryant31
    @jenniferbryant31 5 ปีที่แล้ว

    Do more vids like this

  • @teelawalt2411
    @teelawalt2411 5 ปีที่แล้ว

    hes high off of pot too smh

  • @WarriorWillTv
    @WarriorWillTv 6 ปีที่แล้ว

    Something tells me this ain’t his first rodeo!! He must be rich already to throw out those big numbers... and all in three months!

    • @christopherfgill
      @christopherfgill 6 ปีที่แล้ว +2

      So there isn't any confusion; this definitely isn't my first rehab. If you want to learn a little more about how I got started in real estate check this video out: th-cam.com/video/ObHJdVgn2Z0/w-d-xo.html

    • @WarriorWillTv
      @WarriorWillTv 6 ปีที่แล้ว +1

      Thanks for sharing that! Super cool that you’re young like me and you’re killing it bro! Much continued success! Guess I’m still in the learning stages!

  • @papaiz1
    @papaiz1 4 ปีที่แล้ว

    This house is SOOOOOO DOPE!

  • @cvillegas89
    @cvillegas89 6 ปีที่แล้ว

    Exciting!!!

  • @RyanAngel2001
    @RyanAngel2001 6 ปีที่แล้ว

    I look forward to Episode 2!!

  • @Charliep1414
    @Charliep1414 6 ปีที่แล้ว

    Are certain houses historic or is it more of whole neighborhoods that are historic? Is there a way to search if a property is in a historic district?

    • @christopherfgill
      @christopherfgill 6 ปีที่แล้ว

      Depending on where you live the city will have a way of designating historic districts (whole areas that are historic), or specific houses that are historic. Check your tax role website, or local development services office.

    • @Charliep1414
      @Charliep1414 6 ปีที่แล้ว

      We live In Wichita Kansas. I've heard of historic districts here but I wasn't sure of how to find out where they are or what areas. Would tax role website be the same as tax assessors website??BTW enjoyed the videoyou should do a post flip video.Thanks Chris!

  • @josecornell293
    @josecornell293 6 ปีที่แล้ว

    You guys did an amazing job

    • @christopherfgill
      @christopherfgill 6 ปีที่แล้ว

      Thanks so much! Getting there slowly but surely :)

  • @pinkgirl8181
    @pinkgirl8181 5 ปีที่แล้ว

    Love watching this flip videos and 🙈all I am noticing is your beautiful eyes🙈🙈😂😂🥰🥰