Hoarder House Before and After House Flip Video With All The Numbers!
Вставка
- Опубліковано 27 сер 2024
- This was not one of my best deals, but it was one of the most interesting! The house was a complete pigsty, we had issues with the wholesaler we bought it from and the title company. This is a long video but we show the entire process of flipping the house with the actual numbers, not La La Land television house flip numbers.
We had many issues on this house and whatever could go wrong did, but we still made a little money. You can see at the end of the video what we actually made. There were a lot of extra fees and a lien that was missed by the title company that we are still fighting. The title company even accused me of blackmail on Facebook! You can see the post in the video.
The article on flipping that I mention in the video is right here: investfourmore...
You can find my book on house flipping here: amzn.to/2TXHNaw
We spent over $40,000 on the repairs. Bought it for $192,000 and sold it for $285,000. We should have made decent money but the costs really added up on this one. I go over all the numbers at the end.
Here is another hoarder house we had to deal with recently! ua-cam.com/video/3VylaWJhtRE/v-deo.html
This is part of what’s wrong with this country...homes like that selling for $285K. That is absolutely ridiculous. I get it, Greeley has a fast growing economy yada yada...but homes like that just aren’t worth that much money 😂 (especially a small home built in 1962).
So what is it supposed to cost? And how many homes do you own?
Such a gorgeous book - each shed is unique and inspiring, and I love all the tiny details Kotite features to help readers imagine how to create their own She Sheds ua-cam.com/users/postUgkxe9yi0sulKgsp0VJJCIrLWWkvVqcU7LFR . The feature on Dinah's Rustic Retreat is like something from a fairy tale. It's really inspiring to see how creative all these ordinary people are in making beautiful and useful spaces on a modest scale.
I really hope that CPS was called and the children removed from the "parents". I also hope they were charged with animal cruelty. I don't understand people that can live like that.
I’m glad you fixed it even with a low return back because you made the neighborhood nicer :)
Made the neighborhood nicer? NO! He is committing gentrification that will make him money in the long run when that neighborhood becomes "white" and real estate values increase. Is he doing a good thing by taking blighted areas and making them habitable by honest, hardworking people? Yes, he is. Is his motivation geared toward improving the community? NO!
So keeping it all trashed out and low in value is a non-white thing, eh? I see the soft bigotry of low expectations has reared it's ugly head again.
@@gustavefrankfurter6462 go live in the projects if you want to but don't knock someone else who wants better for themselves and their community.
@Paladium: You are missing the point entirely! Slumlords buy up these places and through some shady payoffs get the remaining people to move away. Then, the whole neighborhood is up for grabs for low prices. If you care so much about crime infested areas, then move to one and keep your outlandish, uneducated opinions to yourself!
@@gustavefrankfurter6462 I'm glad you think you know all about my level of education and such just because I don't see things the way you do. That's ok Lil buddy I'm laughing aaaaaall the way to the bank🤷😂😂😂😂
What you lost in profit you gained in good will in that neighborhood. Doesn't pay the bills but maybe something good will come from it. I hope so!
The neighbours knew they were dog fighting in that pit ugh, I want to hunt them down and have them arrested.
Mark, valuable information you shared here. I too flip homes. A profit of only $3,884 is tough to swallow considering all the time you put into this particular flip. But, hey, it can happen. Flipping is not for the faint of heart. Wishing you much success as you move forward.
Thanks!
Yes but be proud of all the workers you paid that could put food on the table and really, a service to the community too . Good job 👍😀
I know it is quite randomly asking but does anybody know of a good website to watch newly released series online ?
@Brentley Randy Flixportal
@Harper Marley Thank you, I went there and it seems to work :D I appreciate it !!
This video breaks my heart, to think that kids were living in this house. Hoarding is a devastating mental illness that can affect anyone, it normally seems to stem from some sort of emotional trauma. Who knows what happened to the people living here to make them hoard but I really hope they have moved on to have a better life now. You guys did an excellent job dealing with this nightmare of a house
I see lots of comments about how can people live that way. It is a sickness for sure and the thought of children being there.... they will most likely live the same ways as the parents did.
I am sure the property owners around that home are SO GRATEFUL that you purchased it and repaired it. It is an awful thing to live next door to somewhat who is a hoarder... not only is it unsightly... it smells, there are rats, mice and many other things.
Good information you have given for others who do flips and what to watch out for when doing so. Sad that people are so dishonest and will try making money on whatever they can.
You may have only made under $4,O00 on that home, but the people who are grateful for the improvement to their community... that is priceless! ! 👍 We need more people like you who care, so not only is it your “occupation” , but it is improving the surrounding communities! God bless you for that.
Linda Bolt ...I so agree. Unfortunately ( only because it happened in our small town) the report was made.... someone went to the home and the report back to us was “our hands are tied?”
How sad is that? Tragically the people ending up moving. There were babies in the home, etc... it is hard to know when it’s okay to step in, but at the same time “they said the children were not being physically abused (???????) so nothing could be done”. Maybe not physically abuse, but what about the mental end of living that way.
I guess we can’t help them all....😢
🙄 I swear we got an excuse for everything....they were just fkn pigs and that were both child and animal abusers. 😡
Child abuse and animal abuse, these people should be put in jail! Thank you for rescuing the neighborhood and I can only imagine how HAPPY the neighbors are! Maybe not a big payday but you’ve done a great thing, you deserve many blessings!
Thank you for being so transparent in regards to costs and profit; that makes it abundantly clear that flipping houses is not an easy endeavor and can be much riskier than what is portrayed in most house flipping shows.
That is horrifying! How can anyone live in those conditions? WITH KIDS?
Sweetie Cochran Some peeps are just a mess. Walks around stinking and what not and/or won’t clean up the house.
The sheriff's are mandated reporters and should had open a case with Child Protection Services
I've cleaned out a couple of houses (well, actually the same one twice) that looked about like that. First time around, me and a couple of classmates spent a week's school holiday dragging about 12 tonnes of garbage from it, including endless piles of cat poop and two fridges that had been left full and without power.
Filthy pigs! The animals and kids should have been taken from them!
That's why people have their children taken from them.
50 minutes video and no ads! Good job👍
That wholesale company is shady.
Gorgeous flip! 👏🏼
Oh Hells Bells, dead snakes and abandoned animals !!!! I am going to clean my house now, LOL
You did an outstanding job repairing the house! You also did great work producing this video. Seeing the actual figures, and your description of the unanticipated costs were very interesting. Thanks so much for taking the time to put it all together!
I’d let the underwriter subrogate against their contractor (the title co).
And you should check with your attorney regarding filing suit for bait and switch.
The cat probably ran away to find a better home.
Carol Weideman the cat was probably in the cage with the snake.
😅😅😅
the cat survived eating snake
You should sue them for defamation. If they made libelous claims that you are "blackmailing" them to fix a titling error, then you definitely should file a defamation suit as well.
It is expensive to sue!
@@investfourmore Their underwriter would settle before the ink dries on the filing papers. You are entitled to damages for the libel, especially if their underwriter finds them liable for the initial oversight.
True
@@investfourmore not if u win lol
@@investfourmore Sounds like you may want to look into legal insurance
The neighborhood must be popular with house value considering the price you paid for the property.
Great work. I’m sure the neighbors would be eternally grateful if they saw what you started with!
thanks
I feel sorry for child, animals and neighbors.
Me too
@@junebug9166 The authorities were present during the eviction and saw what shape the property was in, so no need for Mark to report anything.
Some people don't deserve to live in a house, Thanks for the video, keep the good work .
This is one of my favorites that you've done Mark, and what a nice result, but it's a shame that those last occupants didn't appreciate this house when it was originally nice!...
And someone was either lazy for not taking out the trash, or they stayed high all the time!...
Thanks!
Regarding those who keep stating that he paid too much for this house, Mark has stated many times that the market he’s in has crazy high prices. Where I live, that house would probably go for around 125k, if that much. I can’t fathom the prices those houses are going for but I don’t live there. The prices reflect what the market there can bear.
Good job on the flip. It’s hard to believe it’s the same house as disgusting as it was. How people can live like that is an entirely different subject!
Robin Moore yes couldn’t agree more. In philly houses in a bad area can go as little as $3,000 and is remarkable structure houses. Just in a poor neighborhoods.
Un-bloody-believable. Wow. Shaking my head.
I hope those people get help. Hoarding is considered a mental health issue.
You did a good job on this house. You made it a home . Amazing how people can live OMG the before was unbelievable…..
thanks!
Hoarders are astounding.
Loved the first part but when it came to the financial portion, I realized why I love renting my apartment...
there are a lot more costs for flippers!
Man, I see this all too often. We had a home years ago that the tenant had cut the top of the door off to make a little half door and kept their dog in the room like a kennel. After the eviction, the dog doodoo was 6" thick over the entire room. "Picture shoveling out a horse barn"...It was like chiseling cement with a shovel.
Oh...my.. GOD!! That's the most disgusting, sick, foul, deranged thing I've ever HEARD. I don't even like dogs, but I'd never do that to even my worst enemy.
I bet the giant hole in the backyard was supposed to eventually be a turtle pool ... you have such a great and patient attitude!
Perhaps the owner was Gay and wanted a large Gloryhole? There were many "private" gloryholes on Craigslist before they got rid of the Personals posts.
the joys of real estate.
those poor kids that were like this i hope the kids got taken away. It's awful for kids to have to live in this chaos.
We had a brick house and I too wanted a patio door off the dining room. But, you are right it is way too much money to remove brick, plus....move electric wires & outlet.
Thanks for sharing important legal information, settlement information, dealing with a seller who does not disclose up front the fees associated with the purchase of the home....I agree with you Mark having someone with experience and a license to review every detail is worth the money vs having a seller try and sneak additional charges.
Not sure why you purchased this property??? Your workers have done a fantastic job!!
Most people think flipping is Bing Bing. Not so much. Very informative.
I liked the video just to make you feel better about this one. Thanks for the unfortunate honesty on this one and hopefully the UA-cam profits for this vid will make up for it lol
Thanks!
Also- it’s not always about meth, I’ve seen alcoholics live this way too. Others just don’t care about their surroundings enough to clean. Seen that too. And last but not least- mental health problems.
My neighbor has anger issues. No alcohol or drugs. They have 5 kids. The house is wrecked. Theres holes in the wall. All the floor is peeled off. The furniture is falling apart. The tub idk what happened. Looks like a candle was left out and burned half the tub and wall. Ceiling is missing in some areas. Its going into auction soon...
@@BatmanPwnage 😳😳😳😳😳😳
I've noticed, especially in the USA, that a lot of homes lack street appeal. No big front windows, no undercover patios etc...
Thank you Mark for your transparency with sharing with us both your successful and not so successful (profitable) flips. Learning about the potential pitfalls are invaluable. Notwithstanding not reaching your profit point, you did an awesome in transforming the house which will be a lovely home to a family.
Thank you!
Sheriff's are Mandated reporters to open a case with Child Protection Services.
This is such a good video to warn people about how hard flipping houses is and how much of a gamble it really is. So educational. You'll never catch me trying to flip houses that's for sure.
Thank you
I will never, ever understand how people can live like this.
agreed
How can people take a nice house and destroy it like that? There are so many people who would appreciate having a nice home to live in.
BusLady Meth
@@vinchetti_spaghetti I think you are right. Sad when children are involved. 😭
Pure laziness! Sadly I live with this kind of people who refuse to clean up after their pets until you blow your kid and tell them to clean the F-ing shit out of the bathroom! Weeks of shit just left!
Mental health. I know a few people who are too overwhelmed by just surviving to do some of the things the rest of us expect as basic for living.
It's nice to see real numbers for a change......horrible living conditions for kids and animal's.
I really like this house as I don't like open concept. The only problem that I would have, is knowing what the house used to look like. I think that there would be bad energy in there.
I live in a house that was flipped and it looked like the before. For my house at least, I feel like the house is so grateful to be taken care of now. Like it can breathe again
I never watch hoarder houses. LOL! I got a weak stomach. So I skipped the before over to the after. You did a great job!
This house really beautiful and amazing!! It's a really big difference from the way it looked before!
Great job. What a transformation. It’s a new house essentially.
Oh my gosh. I think I'm addicted to your videos lol. Since I found your channel, I've watched several a day now. You are so informative and I learned so much already and what to look for when we buy a house. Thank you so much.💜 stay safe!
Wow, thank you!
I love your videos so much! Some of the issues you are running into remind me of our situation. We are trying to do the same thing on a smaller scale. We bought a cabin near estes park and we are trying to fix it up so we have the option to rent it out eventually. it’s been difficult, one problem after the next. The current struggle is trying to figure out a way to get it insured. It’s in the mountains so considered a wildfire hazard and also because it still needs work, no one wants to sell us home owners insurance. Buying this house was something else too! The seller agreed to sell but then kept putting off closing (for three years) we were very patient but finally had to get a lawyer who forced him to close. Seemed he wanted us to build him equity and fix it up without ever going through with the sale. And we were inexperienced so we let it go on way too long. Water is an issue, we are going to put in a well eventually but still need to put in the leech field first, we put in the septic tank already though. Right now we are in the process of fixing the plumbing, which froze a few weeks ago. It’s an adventure though and I’m not complaining, but it’s definitely a struggle sometimes :)
Good luck! Try foremost for insurance. Most insurance agencies can underwrite it
It's so satisfying seeing the after videos
It was a dog fighting pit, they need to be charged with animal abuse.
Robin Gillespie OMG 😳😫
dont think thats true there would be signs of it. The type of dogs also. Plus you would not have a cat with 4 fighting dogs! I think they are just those crazy fvcks who have lots of animals but cant look after them properly. The had rats, turtles, snakes, cats & 4 dogs!
Excellent detailed and educational video!!! You mentioned relevant info about potential problems and routine expenses which many probably don’t think about. Thank you so much.
thank you for the education.
wow thank you for exposing the incredibly disappointing fees/costs!! this is very helpful.
Really beautiful job! Love the floor and how it flows right into the kitchen; kitchen beautiful with white cabinets/stainless steel appliances; bathroom, really nice neutral soft colors.
Thank you!
Great job!! I will never understand how people can live that way. You guys did an awesome job fixing it up though
Thank you!
NIKKI,
NEVER buy a property with an empty can of "CRUSH".
You have a great, hardworking crew.
Thanks!
Oh no! Thanks for sharing this. People don't realize all that goes into this type of investment. Thanks for being so upfront with how it actually works. It's nice to see a flipper who does want to make the neighborhood a better place. BTW: Post if you get your $5,000 back!
Thank you for showing all the actual cost of flipping So many let the little guy think they’re gonna get rich on one flip. Not true and you showed it here ☺️
the after looks unbelievable... nice!
Thank you!
How do people get another house when they have to use references, after living like this!?
Terri Troutner they will rent for a while..
They lie and give false info and give friends and family names and numbers who will lie for them...I've seen it happen
@@mmer7061 -- I had tenants who would not let us do repairs they asked for unless we babysat their children. One service. There were mice, rats not sure which. So we got an exterminator. They wouldn't give the exterminators access. Then the pest problem got worse. We were asked to babysit. After extermination they complained loudly about the smell. That's what you get if you can't do extermination in a timely manner. They broke the lease claiming mold. Did the same thing on the next house they rented. By law they had to give me as a reference on the third house they tried to rent. You can imagine the reference they got from me. I finally got to unload on them. They didn't get to rent the third house. We've had steller tenants too. Fun stuff to talk about when exchanging stories with other investors. Ya' learn but it takes time.
U still did a great job, like the way u explained everything what happened...
can't believe people live like that ...thanks for sharing ..
You did a beautiful job! I enjoy how you give all the pricing plus you’ve a great attitude.
Thank you
Oh gosh!!you guts did a great job on this house!!bravo👏
Damn Mark, that looks almost as bad as the flip I just bought. Finally got paid for my first one, thanks for posting all of this, very motivating
Thanks!
Bought a 4 family in CT that ended up being a hoarder house. Took 6 40 yard dumpsters and a week to clean out. Bought it for 28k put about 85k into it and refied at 310 ARV once rented out.
nice
I can't believe Nicki recommended to buy this when she saw that inside. The basement after was so nice. I liked everything about the bathroom down there.
Also, that house looked really nice when you were done with it. So much space in the basement. Once the new owners put some grass and landscaping in the back it will be a nice place to live I bet. I kind of like that the door into the yard is through the garage. It contains the mess and dirt.
Great eye opener "all the hidden fees"
had a home in my neighborhood that I think had every magazine and newspaper they had received over the last 50 years, was in the attic. Both owners had passed away and their do nothing son, didn't want to move and it was awful, his much older sister forced a sale and some new flipper bought it and was so overwhelmed , they resold it to a larger flipper who could deal with it, I'm sure the original flipper, lost money on it, but the house is now a great looking house and much nicer for this nice neighborhood with nice people living there
There is a sad story behind all that mess.
Who cares. No sad story is any sort of excuse for living like that.
Agree, People in that kind.of state need serious help. It is just so incredibly sad to me. If they do not get help, they will be back to living in those kind of conditions.
I'm sorry you had SO MANY hassles with this property, but you have incredible vision to even tackle that house and you did a beautiful job! At the end of the day, you can rest in the assurance that you have integrity.
I feel like they over charged you for this house. Not because of the mess because it look so small for the price you'll be selling it for
Instead of murder room in the basement you got a bonus murder hole/burial plot out back.
yup!
i like your videos because you honest about the cost and all other stuff. good luck to you on your new projects i hope you’ll make tons of money
As a foster parent, I have seen children ripped away from parents whose only sin was they smoked weed once in a while. Not around the kids, not in the home, and the children didn't test positive for THC. Homes were clean, kids were clean, fed, and well dressed, but parents were "bad" for smoking weed. Yet we see something like this, a house filled with filth, disease, and decomposition, a veritable breeding ground for bacteria like e coli, salmonella, botulism, who knows what else, and even with police involved, the children and animals are left to live like that. WTFH is wrong with this country?
The house is wonderful now!
Nice stubble, looking good bro.
Im on my 4th flip, just started a year ago.
Looking to scale big like you dude.
Thanks for the videos. I use a ton of your techniques
Thanks
I'm pretty sure you guys are magic
lol
that turned out to be a lovely place once all the work was done. i am sure it sold quickly
I like his style. Showing house after dumpster run..then before with all the crap. Really gives a better feel of what you had to go thru. Still watching!
I will watch a episode of hoarders and have to get up and clean as soon as its over. I now have to clean again.
That's crazy how people accumulate junk in their homes like that, and live there! The renovation is very nice!
Great job...RIP Snakey 🐍 ..😔
wow to both the before and after...really amazing work.
You are a patient person. Thank you for sharing the experience!
Thanks for sharing this kind of information and being so open and honest.
No problem!
I feel so bad for the kids 😷
Amazing job done! Cleaned it up like new! :-)
This is a nice little house. That said, I would never again do business with a company that lied to me and then stuck me with hidden fees. And I would let all my business associates and fellow chamber of commerce members know what this company did. I would never put wall-to-wall carpeting in a basement or on stairs. If there are ever any issues with dampness in the basement walls or leaks from above, that carpeting will become filled with mold. Industrial grade vinyl tile flooring is a cleaner and sturdier choice for basement flooring. Stairs get a lot of traffic which will quickly wear out carpeting. Hardwood treads are a better choice for indoor stairs.
I have discussed the company publically a few times!
Wow this is crazy! That title company accuses you of blackmail but said they wouldn't help unless you moved all their business to them. I hope people hear about this and stop using them. That's so wrong. The wholesaler doesn't seem much better. That's a very painful lesson learned. But sort of bright side is you made a profit. It's a tiny profit but at least this one didn't end in the red.
Yes, they have a lot of reviews left all over the place for them. ;)
What a difference, the new owners can fix it up they want.
I used to work for a title company, shadiest company I ever worked for.
not good
You did a great job,those people were just sorry..