We are almost done with my house flip in Peoria Arizona and I wanted to share the complete expense list on this house and what we spent on renovations to get it move in ready! I am a complete beginner with flipping houses, so let me know based on your experience what you would have done differently!
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1.📚 Free Investing Group: http://bit.ly/techbudsfbgroup
2. 📈Full A-Z Day Trading Course: https://learnplanprofit.net
3. 🚗Let’s jump on a call: http://www.flippingwheels.net/call
● LOOK LIKE A DAY TRADER!
4.👕 Techbuds Apparel: https://techbudsapparel.com/
● FOLLOW ME ON INSTAGRAM!
📸 Ricky's Insta: https://www.instagram.com/rickygutierrezz/
📸 Techbuds Insta: https://www.instagram.com/techbudsolutions/
For those who are interested in Trading & Investing, I encourage you to join Our Free Trading Group of over 200,000!
Thank you for the support, the best way to reach out to me is through our private discord chat, please DM me.
If you have any suggestions for future videos such as Day Trading, Investing, Stock Market, Real Estate, Car Sales, Robinhood, TD Ameritrade, Crypto & bitcoin, Entrepreneurship, Forex, Online Marketing, Online Sales or fun daily vlogs. Please let me know.
DISCLAIMER: Please note that i do not ask for any information. I always encourage our members to trade ONLY what you understand and never based on anyone's opinion. My videos are for entertainment purposes only.any questions to message me as i would love to be a part of your success.
I think you did an amazing job. Well done.
Yea Ricky you gotta find someone who does side work and this wouldn’t have cost this much , shot I would have punted those cabinets myself lol
1100 to painting….Shit Ricky time to level up. Try pricing those Cabinets built and painted from scratch.
Start following and watching. MEET KEVIN. It's a YouTube channel with lots of talk of real estate and I'm pretty sure he lives in Cali so possibly a meet up or Collab for you two could help
Use quartz!!! It’s so much nicer then granite
Do you do the work yourself or pay someone to do it. Wouldn’t hurt to learn some skills to save you a couple doll-hairs if you plan on doing this type of income in the long run. Good work though. Keep it up Ricky👍🏼
Sorry Ricky ,my field you got good prices on most
Biggest cost in construction is always Labor. If you can do some of it yourself, you'll save a lot of money.
Huh, never thought of it before
great video! Now i have an idea to do for my next video
My advice would be to try to get your own sub-contractors to do as much of the renovations as possible. This usually makes the cost far cheaper, particularly for things like painting & landscaping.
Also we are still letting our passion be what drives our success. To be clear. That’s still a thing.
Thx Ricky, very helpful and informative. Looking to do a complete renovation on my primary residence in 2020 so this is clutch..
You definitely modernized the look of the house all together very common color scheme now days. The repaint on cabinets is quite expensive. You did a great job and your still coming out on top for sure. Also some of the minor stuff is very easy to do im sure guys could do some that stuff yourselves.
I think you both made a good job of the property, the attention to detail outside really makes a difference, it's the first thing people will see when they visit and often people neglect the exterior when renovating.
I would say you could save money on landscaping/painting the interior by paying friends/family or even some young apprentices. This would probably save money, but cost you in time. So it just depends what's more important. Looks really good anyway, just keep it neutral and ready for people to move in. If you have to replace things like taps/faucets, door handles, light switches etc. My advice would be to get something high to mid-range. The buyer will come into contact with these things every single day if they purchase the house and they will appreciate not having the cheapest stuff.
I love that you showed the costs on all this stuff. Thanks.
Ricky, are you becoming realtor more than trader recently? Come on, increase the capital you daytrade to 500k first
Post more of these videos! they are awesome
hy bro i watch your video and love it i live in Toronto i want to know that how do i start buy and sell stocks and which is best broker in Canada after that i saw that you have subscription classes that i want to join but i just want to know about some silly things like which bank is good pls reply or anyone from toronto kind of mentor
I would stress to watch your margins!! Your purchase price should be 70%-80% all in including rehab. You need to buy at better margins. Real estate is so different than stocks, one bad buy can set you back big. You make your money when you buy. Other than that great job.
Don’t get real granite. They manufacture benchtops now to look like real stone. You can pick up a benchtop that size that looks like rare marble for cheaper. Add feature lighting throughout your house for an in expensive way to add a crap ton of value. Lights that focus on artworks especially and hidden led strips.
💯 solid information. Thanks for being authentic Ricky rich.
You Spent to much. I have one guy that do all work, floors included. Took him 3 weeks charged me $1500. Total plus labor was $7600.
So find one guy or two that would give you set price for interior/exterior painting with cabinets plus floors would save you guys 3 to $4,000.
Yo Ricky, I ran into you the other day outside Target as I was leaving, it was a pleasure meeting you. I didn’t realize how tall you are haha, you’re like the same height as me which I wasn’t expecting. The house looks great though – When I was growing up I started doing construction with my Grandpa when I was about 12 because he owns a construction company, and we always did similar styling interior-wise, the whites and grays are definitely the best looking interiors in my opinion. Keep it up my dude.
This entire process has been such an amazing experience, both you and I have learned so much already. This house has given me much more confidence moving forward into future investments. Looking forward to finishing this house strong, and celebrating with the boys! Should be ready this week once we get that backsplash up and house cleaned.
OH MY GOD THE PRODUCTION QUALITY IS GETTING WAY BETTER
Please plus subtitle Indonesian
Bought it for too much because you have to calculate sellers closing costs and agents commission…next time use the 30-70 rules
Ok.. but how do you create a cashflow? I mean passive income… it is not better to buy multifamily apartament? 6-8 units?
That’s a beautiful home. A way to save money would be by using the Home Depot and Lowe’s card for any material purchases. You can save hundreds with their card. And they have very lenient financing options. Also outsourcing things like the locksmith, granite installation, oven, microwave, and dishwater installation to local sole proprietors would save a lot. Quality of work would still be similar if not better. Bigger companies tend to charge more.