My book, Flipping Houses QuickStart Guide, is available on Amazon! As a house flipper of 5 years, I've flipped almost 50 houses with a six-figure profit on average. I'm so excited to share with you all the knowledge and experiences I've gained so far. I hope to help you get out of the rat race and achieve financial freedom like I did. Purchase my book on Amazon Today: amazon.com/dp/1636100309/?tag... Watch next: Bizarre Condo Flip Before and After ua-cam.com/video/OCcJWYGmCQA/v-deo.html
This is a really small one, and always tough to maximize existing space. The home is really tastefully executed, and many buyers would love to have it. I especially like the curb appeal, and simple but elegant landscaping. This little home is lovely in every aspect.
I really like the chevron tiles in the kitchen - the design gives an otherwise boring white tile some interest. I can't believe they're being discontinued!
Good call on the garage door into the house (you can hardly notice it being there) and leaving the kitchen door; and designing a washer/dryer spot. You did a great job and it looks fantastic. I was wondering if you think you could have cut down on the remodeling features to save 50k?. It is a shame you are taking a loss through the downturn. I don't know what you could have done to save more on remodeling without sacrificing the look though.
Thank you, I'm glad you liked the renovation. We already made this a low budget renovation by keeping the wall heater and shower tiles. There are other small things we could do, but we would only save a few hundred - a couple thousand dollars and it wouldn't make a huge difference to the bottom line.
I’m glad you’re not letting this get you down. You’ve done really great this year and have accomplished a lot. I’m sure you’ll be making big profits again once you get adjusted to the new market
The house looks spacious, bright and welcoming. I really like every flip you do. About the tiles in the bathroom, they look in perfect condition and bring a cozy and vintage look to the space, definitely was a rational decision to keep them. Perfect job! I wish you good luck on the listing and hopefuly you get offers above the.expected price and won't lose any cent.
I really like the way you upgraded this home. It will be a wonderful space for someone! Sometimes the good you do for society as a whole isn't for just the money.
And I thought property rates in SC were crazy! I just bought a very similar house - sans garage, but fantastic backyard. We were able to negotiate down to just under 200K, and will probably be able to sell it for a solid 300 or even 400K in a few years.
Is painting a fireplace a good idea for the potential toxic fume from the heat? Also, is there a building code requirement on the new entrance to garage due to vehicle exhaust issue? Impressive backyard work, the curb could be colored concrete instead of painted lumber though. Thanks for writing the book, I find it informative. Wish you a successful sale with this house.
Cute house, I like the door into the garage, even if it is in the living room. Easy access in bad weather and for carrying in groceries. Hope it sells with a profit. I can’t believe the price of houses in California, $1 million for this tiny place. In Texas, a million get you a mansion.
On the numbers, 1.2 sale - 1.1 (1m + 100k) cost and renovate, still leaves 100k profit, but you indicate a 50k loss. Are there other fees you did not mention?
I thought about it too! Even considering closing costs, staging and financing costs for the holding time, it doesn’t explain the 150k difference… hope Elisa would answer!
Thank you Elisa, you’ve been so helpful to me in my flipping business. Can you share at some point how to manage so many projects at once? 5 years, 50 flips right? Thanks again!
the cracks in the concrete are bothering me so much!! I can overlook the heaters but never that concrete becuase my 100 year old is falling apart and the concrete in front is horrible.
Those heaters are so bulky in bad spots and probably not very efficient on Hydro/power. adding a half bath or bigger master closet would of been nice but no point if already at a 50 000 loss.
The only thing I don't like is you added a grass lawn instead of a desert garden. It's unlikely that a new owner will go through the trouble of redoing their front and back yard after the purchase, which means they'd be wasting water for years to come - water we don't have in the Southwest. The renovated house is your product, and as designers/builders, we are all obligated to be more sustainable even if some buyers don't have that in mind (yet).
she clearly stated at the beginning that more buyers prefer a grass lawn than others so the people attracted to the house will be fin with it, if not then they can do whatever pleases them
Other than what I said in the video that most buyers prefer a lawn, I also looked at neighbors' front yards, and I wanted this house to match the neighborhood aesthetic. In areas where the neighborhood prefers drought resistant plants, I follow suit.
I wouldn't buy a house without a lawn. I wouldn't even look at the house. Sounds silly because I could hire a landscaper to put in a lawn, but when you are spending that much money, I would not even consider it.
Which country is this how this small small house cost so much money 1M? i see other flips with bigger and better designs for less money can someone please explain i watch the Austin flippters they got bigger houses for 200 &300 thousand sometimes less which country or state is this????????
The renovation is beautifully done but seriously that house before looks like a $100k max purchase and a $300k max sale. I a, shocked about spending $1m on that!
I live in bay area also I can't believe you paid million for it how it looked couldn't you go in with a lower offer ? Even if it was 50 grand lower? Jest curious new subscriber here can't wait to see more 😀!!
@@TransformRealEstate thank you for your response, hopefully you'll get a bidding war on this nice home. I know my area homes by me gone 3-4 hundred thousand dollars over $ because of area mostly Hindu moving from silicone Valley
Honestly removing the wall heater and not replacing it with anything would probably be better than keeping it. Those things are so ugly and are an immediate sign of an old decrepit low value home that probably has asbestos. I would remove them in the future whenever possible! :)
I love that small house. I would live in it. The only thing that bothers me about it is that the kitchen sink isn't under the window. I do love it tho. You have made a beautiful swan out of that ugly duckling.
Amazing one million dollars for an ugly, probably old smelly shack. Yes I know it's the San Francisco bay area where you can find shacks for a million dollars to up the three millions, ridiculous.
Hey Elissa! Love your channel! Can we see a day-in-the life of you dealing with contractors? Discussing details on flips, making decisions on remodeling choices, etc? It would be super informative!!! 🙌🙏
I was thinking the same.. I feel it’s very rare for a master bedroom to not have an en-suite! Either way the home is beautiful you did a great job!! ❤️❤️❤️❤️👍🏾👍🏾👍🏾👍🏾
Hey Elisa! Really like your content! I grew up in the Bay Area then moved to St. Louis after graduating college to pursue real estate investing. The main reason is because the cost of houses is significantly more affordable especially getting started with flips. I’ve only flipped 2 houses in the last 2 years since I’m extremely conservative. My last flip I only made a small amount because I got very lucky with the first deal and made more than I’d thought so wasn’t as careful running numbers on the second deal. I could not agree more that those lessons are extremely valuable and I had no shame telling people that I didn’t make as much as I hoped! The lessons learned are priceless to thrive on future deals. Currently under contract with a 4 plex here so a big change than what I’m used to with the flips! Keep up the great work and just know your videos help out more than you can imagine!!
Add a materials list and paint pallets to the video description. This would help newbies and also you can add affiliate links for them. I bought the exterior black light you have on your amazon store front.
I don’t understand why you didn’t make space between the new vanity and the side of the tub. There is no way a shower curtain will work there. You took out the glass shower doors which means the owners will need to put them back.
i just noticed that, i don't know if it's the way it's filmed but yes the cabinet is really close to the tub, they can still add a liner shower curtain to keep the water out
Because the toilet needs a clearance from the vanity, and the bathroom is too small to allow for a bigger space. But a new glass door can be installed. The old one is too dated.
Very awkward floor plan with all the doors and the weird laundry closet is the focal point when you enter the home. Not to mention the only place to put your sofa faces into a hallway.
Well, the dragon has to eat it's tail eventually. I thought you did a great design job on the reno. But when I heard the numbers my jaw dropped. Where I live you might have paid, max, $30,000 for the property, then spent another $30 renovating, for a sale price of $100,000, and a profit. But the numbers you quoted?? I don't even see how, in the bay area, you could have spent that much on the reno. (What's that bathroom console made of, gold?) And to have paid over $1M for the original derelict property. And to buy it for the ask, with that crappy broken driveway?? Something's out of whack here. (But like I say, great job on the design work!)
You have a great attitude. The good but also the bad, a potential loss, happens. Your transformation of the home will make the lucky buyer very happy. Also, the 99c bathroom tile looks awesome!
I would’ve personally left the wall to cover the bathroom and laundry doors so you can fit a tv unit and wall mounted tv. This would be perfectly adjacent to the lounge. The living space is awkward for a tv with the current set up. Apart from that, it is a overall good job 👍🏼
shouldn't you wait until the housing market is back on track to flip another home? when do you think would be the best time to invest on a property for beginners?
My book, Flipping Houses QuickStart Guide, is available on Amazon! As a house flipper of 5 years, I've flipped almost 50 houses with a six-figure profit on average. I'm so excited to share with you all the knowledge and experiences I've gained so far. I hope to help you get out of the rat race and achieve financial freedom like I did. Purchase my book on Amazon Today: amazon.com/dp/1636100309/?tag...
Watch next: Bizarre Condo Flip Before and After
ua-cam.com/video/OCcJWYGmCQA/v-deo.html
Please keep us updated on what ends up happening with this flip please. Thank you for your videos. I learn a lot each time.
I really like how the house looks like after the renovation.
I always enjoy your flips. This little house is now cute, cozy and charming!
This is a really small one, and always tough to maximize existing space. The home is really tastefully executed, and many buyers would love to have it. I especially like the curb appeal, and simple but elegant landscaping. This little home is lovely in every aspect.
I really like the chevron tiles in the kitchen - the design gives an otherwise boring white tile some interest. I can't believe they're being discontinued!
Good call on the garage door into the house (you can hardly notice it being there) and leaving the kitchen door; and designing a washer/dryer spot. You did a great job and it looks fantastic. I was wondering if you think you could have cut down on the remodeling features to save 50k?. It is a shame you are taking a loss through the downturn. I don't know what you could have done to save more on remodeling without sacrificing the look though.
Thank you, I'm glad you liked the renovation. We already made this a low budget renovation by keeping the wall heater and shower tiles. There are other small things we could do, but we would only save a few hundred - a couple thousand dollars and it wouldn't make a huge difference to the bottom line.
I’m glad you’re not letting this get you down. You’ve done really great this year and have accomplished a lot. I’m sure you’ll be making big profits again once you get adjusted to the new market
The house looks spacious, bright and welcoming. I really like every flip you do. About the tiles in the bathroom, they look in perfect condition and bring a cozy and vintage look to the space, definitely was a rational decision to keep them. Perfect job! I wish you good luck on the listing and hopefuly you get offers above the.expected price and won't lose any cent.
I really like the way you upgraded this home. It will be a wonderful space for someone! Sometimes the good you do for society as a whole isn't for just the money.
This has to be a concerning time for house flippers. Thank you so much for being transparent with your numbers. Best of luck.
You always do a great job!
I think this turned out perfect (especially considering the constraints you had). Good luck on the flip!
Beautiful work. I am pretty sure it will be a flip at the end, you deserve it.
At last! Thanks for giving ideas how to make a great home. More power to you and team.
I love it all. Good job!! But sorry for the loss...
And I thought property rates in SC were crazy! I just bought a very similar house - sans garage, but fantastic backyard. We were able to negotiate down to just under 200K, and will probably be able to sell it for a solid 300 or even 400K in a few years.
Look amazing after you finish it
Is painting a fireplace a good idea for the potential toxic fume from the heat? Also, is there a building code requirement on the new entrance to garage due to vehicle exhaust issue? Impressive backyard work, the curb could be colored concrete instead of painted lumber though. Thanks for writing the book, I find it informative. Wish you a successful sale with this house.
4:05 “I’m hopping the buyers can over look this ugly wall heater” she funny as hell for that😂
Cute house, I like the door into the garage, even if it is in the living room. Easy access in bad weather and for carrying in groceries. Hope it sells with a profit. I can’t believe the price of houses in California, $1 million for this tiny place. In Texas, a million get you a mansion.
All the best!!!! I'm sure everything will go well.
It’s amazing to see an ugly house turned into lovely living space, well done.
On the numbers, 1.2 sale - 1.1 (1m + 100k) cost and renovate, still leaves 100k profit, but you indicate a 50k loss. Are there other fees you did not mention?
I thought about it too! Even considering closing costs, staging and financing costs for the holding time, it doesn’t explain the 150k difference… hope Elisa would answer!
1.2m, selling cost would be about 8% so $96k. Plus you have carrying costs.
I wish you the best!
Thank you so much! I need positive energy :)
What brand/color lvp did you use? I would love to put in my new purchase
You may have already taught about how to pick an area, and or neighborhood, but if not could you give a video on how to do that. Thanks ❤️😊
I think you make really great design choices, and your flips always turn out well. This house looks so much better.
I believe I would have added a retaining wall in back of the backyard shrubs.
Looks great! A side deck would’ve been nice too!
what color black was used on the exterior?
Love it! great work
Thank you Elisa, you’ve been so helpful to me in my flipping business. Can you share at some point how to manage so many projects at once? 5 years, 50 flips right? Thanks again!
Where do you get the bathroom vanity? Looks great
Home depot.
the cracks in the concrete are bothering me so much!! I can overlook the heaters but never that concrete becuase my 100 year old is falling apart and the concrete in front is horrible.
I am waiting for your new video, it's very nice
Laundry so near the living room??
Does anyone know what the house sold for at the end?
I think the sink should by the window
Even though it's no fun to lose money on a flip at least it's a tax deduction which mitigates the loss a little bit.
Hello, what tan or cream color do you use for the walls?
Those heaters are so bulky in bad spots and probably not very efficient on Hydro/power. adding a half bath or bigger master closet would of been nice but no point if already at a 50 000 loss.
The only thing I don't like is you added a grass lawn instead of a desert garden. It's unlikely that a new owner will go through the trouble of redoing their front and back yard after the purchase, which means they'd be wasting water for years to come - water we don't have in the Southwest. The renovated house is your product, and as designers/builders, we are all obligated to be more sustainable even if some buyers don't have that in mind (yet).
Everyone looks after themselves. She needs to look after herself. New owners can just let the lawn go if they so please.
she clearly stated at the beginning that more buyers prefer a grass lawn than others so the people attracted to the house will be fin with it, if not then they can do whatever pleases them
Other than what I said in the video that most buyers prefer a lawn, I also looked at neighbors' front yards, and I wanted this house to match the neighborhood aesthetic. In areas where the neighborhood prefers drought resistant plants, I follow suit.
I wouldn't buy a house without a lawn. I wouldn't even look at the house. Sounds silly because I could hire a landscaper to put in a lawn, but when you are spending that much money, I would not even consider it.
@@carrietithof3389 then you’ll never buy a house lol that style isn’t common yet
Which country is this how this small small house cost so much money 1M? i see other flips with bigger and better designs for less money can someone please explain i watch the Austin flippters they got bigger houses for 200 &300 thousand sometimes less which country or state is this????????
It's in California in a more expensive city so it's more expensive the Austin flippsters are in Texas so it's cheap
The renovation is beautifully done but seriously that house before looks like a $100k max purchase and a $300k max sale. I a, shocked about spending $1m on that!
I live in bay area also I can't believe you paid million for it how it looked couldn't you go in with a lower offer ? Even if it was 50 grand lower? Jest curious new subscriber here can't wait to see more 😀!!
When the deal was negotiated, the numbers worked at the purchase price, but then the market shifted.
@@TransformRealEstate thank you for your response, hopefully you'll get a bidding war on this nice home. I know my area homes by me gone 3-4 hundred thousand dollars over $ because of area mostly Hindu moving from silicone Valley
I guess the loss could be a tax deduction against some of your more profitable flips.
👍👍🌹🌹
If it cost you 1 million to purchase and 100,000 to renovate, if you sold it for 1.2, wouldn't that still be a small profit after fees?
After taxes and closing costs most likely not.
There are also closing costs, agent commission, financing costs, etc.
Honestly removing the wall heater and not replacing it with anything would probably be better than keeping it. Those things are so ugly and are an immediate sign of an old decrepit low value home that probably has asbestos. I would remove them in the future whenever possible! :)
I love that small house. I would live in it. The only thing that bothers me about it is that the kitchen sink isn't under the window. I do love it tho. You have made a beautiful swan out of that ugly duckling.
🤣
Amazing one million dollars for an ugly, probably old smelly shack. Yes I know it's the San Francisco bay area where you can find shacks for a million dollars to up the three millions, ridiculous.
Hey Elissa! Love your channel! Can we see a day-in-the life of you dealing with contractors? Discussing details on flips, making decisions on remodeling choices, etc? It would be super informative!!! 🙌🙏
It looks great!🙋🏽♀️Could you potentially decrease your loss by renting the home on Airbnb until the market goes up?
I love that choice of flooring and paint color. Timeless and inviting. I'd love to copy the look of both on my current project!
Place looks perfect. Definitely a clean Reno with smart choices made. What was the timeline of the project?
Your transparency made me love you so much more! Excellent work and great job staying on the positive outlook of things!
The flip is nicely ✔️ My only complaint is that there is only one three piece bathroom in a three bed home.
I was thinking the same.. I feel it’s very rare for a master bedroom to not have an en-suite! Either way the home is beautiful you did a great job!! ❤️❤️❤️❤️👍🏾👍🏾👍🏾👍🏾
House is really beautiful. Everything about the update is amazing🤞💯 I love the transformation✅
Well done, I do think white for the fireplace brick instead of the dark grey would look more fresh and welcoming.
I would not want my laundry in my living room.
Hey Elisa! Really like your content! I grew up in the Bay Area then moved to St. Louis after graduating college to pursue real estate investing. The main reason is because the cost of houses is significantly more affordable especially getting started with flips. I’ve only flipped 2 houses in the last 2 years since I’m extremely conservative. My last flip I only made a small amount because I got very lucky with the first deal and made more than I’d thought so wasn’t as careful running numbers on the second deal. I could not agree more that those lessons are extremely valuable and I had no shame telling people that I didn’t make as much as I hoped! The lessons learned are priceless to thrive on future deals. Currently under contract with a 4 plex here so a big change than what I’m used to with the flips! Keep up the great work and just know your videos help out more than you can imagine!!
BEAUTIFUL TRANSFORMATION!! can you share the namr/brand of black and white exterior paint? can you also tell the color of grout in kitchen :) thanks
Love the transformation!!
Beautiful renovation as always...just miss another bathroom or half bath..but i guess you had budget constraints..love ur work💞
Lovely transformation 👏🏼 can you please share the color of the walls and brand?
Congrats on your accomplishments. Hope you find what you're looking for.
Great job! What is the curbing material around the patio?
It’s painted wood.
Add a materials list and paint pallets to the video description. This would help newbies and also you can add affiliate links for them. I bought the exterior black light you have on your amazon store front.
Love that blue on the doors
Good luck on your open house!!
I don’t understand why you didn’t make space between the new vanity and the side of the tub. There is no way a shower curtain will work there. You took out the glass shower doors which means the owners will need to put them back.
i just noticed that, i don't know if it's the way it's filmed but yes the cabinet is really close to the tub, they can still add a liner shower curtain to keep the water out
Because the toilet needs a clearance from the vanity, and the bathroom is too small to allow for a bigger space. But a new glass door can be installed. The old one is too dated.
Very awkward floor plan with all the doors and the weird laundry closet is the focal point when you enter the home. Not to mention the only place to put your sofa faces into a hallway.
Hi! Do you mind sharing what color exterior white you painted the house?
1 million + 100,000 = 1.1 million. Sale at 1.2 million less 1.1 million = 100,000 profit. So not understanding a 50K loss.
I would guess the house payments and bills she has to pay while renovating the house. Also closing costs.
There’s other costs associated with flipping (holding costs, hard money costs, utilities etc).
What is your plan based on this new market? Will you scale back?
I actually have more projects than ever because it's much easier to pick up deals in this market.
The market getting slow as the rate getting high do you still advise to start flipping houses?!
U should rent it once it gose up u sale it
You are so honest.
I wish you could work in uk
Are you adamant about taking a loss or would you consider holding the note if it means that you didnt have to take a loss?
Well, the dragon has to eat it's tail eventually. I thought you did a great design job on the reno. But when I heard the numbers my jaw dropped. Where I live you might have paid, max, $30,000 for the property, then spent another $30 renovating, for a sale price of $100,000, and a profit. But the numbers you quoted?? I don't even see how, in the bay area, you could have spent that much on the reno. (What's that bathroom console made of, gold?) And to have paid over $1M for the original derelict property. And to buy it for the ask, with that crappy broken driveway?? Something's out of whack here. (But like I say, great job on the design work!)
Nice flip. Would have put glass pocket door (contemporary horizontal grey panes with frosted glass) in kitchen and standard windows in bedroom.
WHAT a Cute House. It Adorable ❤️😍 loved that you extend the kitchen, and the Backyard looks Terrific 😀😀😀😀
You have a great attitude. The good but also the bad, a potential loss, happens. Your transformation of the home will make the lucky buyer very happy. Also, the 99c bathroom tile looks awesome!
I would’ve personally left the wall to cover the bathroom and laundry doors so you can fit a tv unit and wall mounted tv. This would be perfectly adjacent to the lounge. The living space is awkward for a tv with the current set up. Apart from that, it is a overall good job 👍🏼
Your houses are always so thoughtfully and beautifully done. I enjoy seeing the before and after.
It's a mid century flat Roof it was Attractive Before Architecturally
shouldn't you wait until the housing market is back on track to flip another home? when do you think would be the best time to invest on a property for beginners?
The holding costs on a 1m property are going to be significant. Taxes, interest etc. You want to be rid of it ASAP.
Great job as always and good luck selling this house Elisa 🌻🍀!
Where did you get your flooring and what’s the name of it?
Looks great. What city is this house located in?
Great that you share honest numbers!
Looks great!
!