How I plan to flip a million dollar mansion in scottsdale Arizona. This is a new project we are taking on and excited to follow up with our process!
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Welcome to our latest house flip here in scottsdale arizona hope you enjoy foreign hey, what's going on guys, so we have colby here, and i have the amazing opportunity to be an investor on this property in scottsdale, so we're gon na have colby showing us around and Why this house flip is a project that we decided to take on and what we plan to do with it hope you enjoy all right, welcome in guys all right. So the first thing you'll notice when you walk in, is this huge entryway uh. Obviously this house is, you can tell it's pretty big. It's about 6 400 square feet, four bedrooms, seven bathrooms the first thing you'll see on the right when you walk in is this kind of formal living area.

Originally they had a couple couches in here and some artwork up top over the fireplace let's go ahead and check out the master, bedroom and bathroom we're here in the master bedroom. Now we've got a few different options. I think for this house um. Obviously, it's in really good shape.

It was built in 2004. The flooring is carpet in all the bedrooms and upstairs and then the travertine tile throughout the main house, which is honestly in really good shape. The carpet we're either considering putting hardwood flooring in replacing the carpet or leaving this, as is because this is a this is a very expensive carpet and it is in fairly good shape now. Another option in here the master bathroom, is gut everything and contemporize.

It just make it a brand new pimped out master bathroom or leave it as is and stage it really nicely make it look good for for buyers that are coming into the to to buy a 1.7 million dollar house which, honestly, in this area, it kind of The the buyers are horse kind of people, it's a big lot, so they like the the natural woods and the natural stone. So, on the right hand, side we have the movie theater room, has a projector big screen, so we plan on doing really nothing. I mean it's already in really good shape. They just repainted the entire house before we purchased it, and i don't think you need hardwood floors in this room.

So to conserve some capital, i think we just stage it and call it a day. So now, obviously living room and kitchen uh kind of the plan in here, like i said the house is painted, so i i kind of want to conserve as much capital as possible and appeal to the buyers that are going to be buying this type of home. I do think a nice white and gray type kitchen could do really well, but i also don't mind these cabinets and they're in and they're in very good shape. So i think two options are leave.

The house leave it as is stage it just like the master, bathroom and uh there's, there's a few issues like dents in the subzero fridge and then there's a warming drawer here that isn't in place. But i install that fix the dents and stage it or i think, leave these outer cabinets, paint them white and then redo the entire island with like a waterfall countertops and just make it a really cool kitchen with a new backsplash and also new appliances. If we did that as well all right so here in the dining room now, what's great, is they they left some furniture? So we won't need to stage this room and it's it's just a big open space not really going to do much in here same with the laundry room i mean kind of i mean i'm just going to keep saying this. I guess it's.
It was built in 2004 paint's new and it's it's all in good shape. So it's kind of let's figure out how to value engineer this property to put as little money as possible to get the best roi, all right so walking into the three-car garage, which is oversized. I mean this is a really really long. Garage has a powder bathroom, a half bath here, super cool - we're not going to do anything in here.

So now we've got these two rooms that are actually pretty cool. Um the the previous owner used this house. They were dog breeders, so you can kind of smell it right now and they kept a lot of the dogs in this room um. Now this room is more of a gym, which is awesome all air conditioned, so the the square footage of the main house is about 50 800 square feet, and then these two rooms are about 600..

Another thought i had with this house would be to use it as an airbnb like this would be a really cool like flex room pool table. I mean there's a ton of rooms in the house too, so it's just a thought, but obviously we're here to make some quick cash and get out now on our way. Upstairs. I want to point out these railings and the the carpet going up.

The stairs so kind of my thought is same thing: either. Leave it as is call it a day or paint all of the the wood here white and then do like a cool french oak wood flooring similar to what we would do in the master and just do it all the way up to the upstairs. Now pretty much every room in this house is ensuite and like another master, this is a huge room with insane views so coming into the the guest bedroom restroom, which is it's its own private restroom, very similar style to everything else got the older cabinets. You've got the travertine everywhere, which is very expensive to do so.

Another thought is, let's not do anything and let's just leave it as is stage it nicely and call it a day now same thing with this room, this one's a little smaller and a smaller walk-in closet, but it got the same size bathroom, pretty much and and All in in great shape not really going to do much in here, so both these two rooms come to this balcony. On the other side, the two rooms go to another balcony, but this one looks straight at a house that just sold for 5.8 million dollars. It's on five acres, it's 11 000 square feet and directly adjacent to this house. So that's why i mean we got this at a smoking deal.

We're super excited about it, and the views are just phenomenal with an awesome lot now. This could technically be a bedroom. If you added a closet, but for now it's more of like a flex space, upstairs they've got a little bar area and a half bathroom - and this is also has its own balcony - not going to do much in here either. Probably just put a wine fridge in and call it a day i mean this house is in in phenomenal shape and the third and final bedroom which that flex room was not included.
Uh is this room here, it's a little smaller bathroom but same travertine. Tile same all their cabinets and in really good shape, so not really going to do much in here. If we do end up doing the hardwood, we would do it through the entire, upstairs all right team. So the plan with this scottsdale house flip is pretty simple.

Uh, if you guys have ever taken on a project when it comes down to like buying a car and then being able to resell it, but you didn't really do much to it. All you did was really clean it up and maybe update certain things to make sure that you can get top dollar. That's, essentially what we're going to be doing with this house. So you might have seen already some different pieces of this house and, as you can tell, the flooring is great.

The carpet is, of course, acceptable everything when it comes down to the paint interior exterior. All we're really going to do is there's certain things throughout the house that might be missing. That might need to be touched up and that's essentially the approach that we plan to take originally with this house uh to try to see if we can stage it to present it. You know and try to get that top dollar to give people more of a realistic feel, instead of this very big and empty house that might be missing different things.

I think that we can gain a lot more traction by being able to properly stage the house and then again being able to fix a couple of the door handles or a couple of the items that are missing uh to try to get that top dollar. So we're excited to take on this project again, there's really no price other than the one. That's posted for 1.9 million dollars, um, that's even smaller than this one. So we intend to ask for a little bit less and see where we go from there.

So let us know in the comment section what you guys think and of course like always, let's make sure that we end the year on a green now. Take it easy team.

By Stock Chat

where the coffee is hot and so is the chat

32 thoughts on “🏑 house flipping a million dollar mansion (intro)”
  1. Avataaar/Circle Created with python_avatars Zach Hoog says:

    I'm so confused on what this dude is going to do to increase the value?

  2. Avataaar/Circle Created with python_avatars adam khabazian says:

    if you don't work on the house, then how do you expect to sell it for more?

  3. Avataaar/Circle Created with python_avatars Jackie Decker says:

    Nice house Ricky. Have fun with it! I'm sure you guys will make it look great. Keep us posted. Ignore the haters.

  4. Avataaar/Circle Created with python_avatars Thomas S says:

    So, the 1.7million is what you paid, or what you are trying to get out of it?

    nvm, found it. You bought it for $1.295 million. Even in this crazy real estate market, which is cooling a bit, you gonna have to do some work to justify adding nearly 500,000 to the price a week after purchase. 1.7 is going to require some work, but GLWS.

  5. Avataaar/Circle Created with python_avatars Nikhil Meena says:

    how that colbe said that " we are here to make quick cash and get out lol"

  6. Avataaar/Circle Created with python_avatars Gary Robinson says:

    Pool and hot tub missing. Hardwood in bedrooms. Kitchen and master bathroom remodel. Color needed and modern art

  7. Avataaar/Circle Created with python_avatars Fazal umarah says:

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  8. Avataaar/Circle Created with python_avatars Ben Panasyuk says:

    The backsplash in the kitchen sucks and it needs new appliances. Master bathroom definitely needs to be remodeled, the rest are fine. Maybe seal the garage floor. Ceilings could use some perimeter decor. Not a fan of carpet, but that’s your decision.

  9. Avataaar/Circle Created with python_avatars Bjorn Berkmortel says:

    Not sure who’s idea this was but you could’ve done way better honestly. I’m not hating I would do more on the cosmetic part incl kitchen, baths, patiospace

  10. Avataaar/Circle Created with python_avatars Sean’s Thoughts says:

    I need to learn how to stage things nicely can anyone let me know what the process is?

  11. Avataaar/Circle Created with python_avatars Dipendra Bhattarai says:

    I would change the carpet to hardwood , faucets, change the cabinets to get fresh feel and get top dollars

  12. Avataaar/Circle Created with python_avatars Chad Clattenburg says:

    It is a beautiful home it truly is, but why are those electrical boxes all on the front left side of the house? It is very distracting to the beautiful home

  13. Avataaar/Circle Created with python_avatars ZGJ Finance says:

    When are we gonna get the β€˜how to launder money through house and car flips’ video?

  14. Avataaar/Circle Created with python_avatars SuPete says:

    Nice house! Good bones. I'm sure it'll flip nicely. Great video.

  15. Avataaar/Circle Created with python_avatars Bite Hunter says:

    Don’t change anything. The house has a dated richness to it that is not overbearing.

    It’s gorgeous.

  16. Avataaar/Circle Created with python_avatars Joseph Hopkins says:

    Seems like the only thing that will make this house worth more is a change in the market because the condition is fine and you guys are hardly fixing it up

  17. Avataaar/Circle Created with python_avatars Flavius Mateu says:

    I do woodfloor so if you want to change the carpet. The flooring is going to change the look in a better way!

  18. Avataaar/Circle Created with python_avatars C Otake says:

    Nice investment! That house is perfect the way it is. I wouldn't paint the cabinets.

  19. Avataaar/Circle Created with python_avatars Thelma Connor says:

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  20. Avataaar/Circle Created with python_avatars Edward Casillas says:

    Change the cabinets doors to something more modern and paint them white.

  21. Avataaar/Circle Created with python_avatars Belen Leon says:

    "stage it really nicely and leave it as is " IS this even a flip? lol update the kitchen and bathrooms !

  22. Avataaar/Circle Created with python_avatars Fk China-youtube Socialism/communism says:

    Dont paint the cabinets nor any of the wood. Maybe replace the counter tops and back splashes. Replace light fixtures and maybe update the intercom system. And then light a match and RUN!!!

  23. Avataaar/Circle Created with python_avatars Nick Nicholas says:

    What a bunch of crap. Not much different than him being long or short tlsa and AMC.

  24. Avataaar/Circle Created with python_avatars Schieff says:

    NIce house man- I'm sure you're glad to hear the house next-door sold for 5.8M!

  25. Avataaar/Circle Created with python_avatars CS says:

    i wouldnt pay over 700k for that house, location is key . Too narrow

  26. Avataaar/Circle Created with python_avatars Steven L says:

    100% paint all the cabinets update the kitchen and bathrooms. Replace all carpet except the movie room. Paint the movie room a light gray and stage it well. Use a poxy on the garage floor add trim around the windows and in master bedroom walls. Update door knobs/faucets update all countertops to a popular modern style
    Quartz. Hire a professional! To stage this please don’t leave the ugly table in that room. Jesus Christ. Burn some candles and bake some cookies for the open house.

  27. Avataaar/Circle Created with python_avatars SuperDan says:

    This is gonna be a fun series to watch!!! Hope you do more stuff like this. I love content on homes <3 haha

  28. Avataaar/Circle Created with python_avatars jd4real4real says:

    Take a shot for all the β€œcall it a days.” Is this my mans first flip? Let’s just stage it nicely and call it a day. I wish I could post the β€œbruh” meme πŸ˜‚πŸ€£

  29. Avataaar/Circle Created with python_avatars Luis Valdez says:

    im gonna give it a thumbs up and call it a day.. get it? lol jk
    Great content as always Ricky!

  30. Avataaar/Circle Created with python_avatars Lexi Isabella says:

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  31. Avataaar/Circle Created with python_avatars Althea O says:

    The house is an inspiring blank canvas. I’d completely renovate it so it would be comparable to the $5.8 million house next door. The kitchen, bathrooms, laundry area all need new cabinets and Carrera marble. No carpet except in theater room. The windows all need trim. Plus phenomenal staging. The discerning buyer with millions to spend will pick up on these things. The entire foyer needs to have marble flooring as well. This house is going to be lovely. And yes β€œhorse people β€œ the equestrian set, will appreciate the updates as well. Keep burning it up, R! This is most inspiring! πŸ‘±πŸΎβ€β™€οΈπŸ€πŸ€πŸ€πŸ€΄πŸ»πŸ”₯πŸ”₯πŸ”₯

  32. Avataaar/Circle Created with python_avatars Ricky Gutierrez says:

    This is my latest real estate project that i've invested in! I am excited to follow up with the progress with this flip! Please ask me any questions you would like answered down in the comments!

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