First Flip - Second House - Page 3 - Remodeling - Contractor Talk

First Flip - Second House

 
Thread Tools Search this Thread Display Modes
Old 08-27-2018, 01:29 PM   #41
Pro
 
hdavis's Avatar
 
Trade: remodeling
Join Date: Feb 2012
Location: CoastalME
Posts: 23,968
Rewards Points: 4,764

Re: First Flip - Second House


Looking good!

I nust saw your previous post, what did you decide for bath flooring?
hdavis is online now  

Warning: The topics covered on this site include activities in which there exists the potential for serious injury or death. ContractorTalk.com DOES NOT guarantee the accuracy or completeness of any information contained on this site. Always use proper safety precaution and reference reliable outside sources before attempting any construction or remodeling task!

   

Advertisement

 

Old 08-27-2018, 01:51 PM   #42
Pro
 
KAP's Avatar
 
Trade: Custom
Join Date: Feb 2011
Posts: 11,370
Rewards Points: 35,346

Re: First Flip - Second House


Looking great...


So what did you end up doing with the washer/dryer and downstairs?
KAP is offline  
Old 08-27-2018, 01:57 PM   #43
Member
 
Frenchy93's Avatar
 
Trade: Earthworks
Join Date: Mar 2016
Posts: 78
Rewards Points: 208

Re: First Flip - Second House


Quote:
Originally Posted by hdavis View Post
Looking good!

I nust saw your previous post, what did you decide for bath flooring?
I ended up doing tile, I laid both bathrooms in about 6 hours with grout. it looks fantastic I'm not happy with my vanities at all but they cost me next to nothing at an auction.

Quote:
Originally Posted by KAP View Post
Looking great...


So what did you end up doing with the washer/dryer and downstairs?
I roughed in for a washer in the upstair bedroom walk in closet and did a rough in for a gas washer/dryer in the basement to save room in the panel. I'll have some more pics shortly.

I'm not supplying a washer and dryer, I want to spend that money on an enclosed trailer to store all my work stuff.
Frenchy93 is offline  
The Following User Says Thank You to Frenchy93 For This Useful Post:
hdavis (08-27-2018)
Sponsored Links
Advertisement
 
Old 08-27-2018, 02:01 PM   #44
Pro
 
KAP's Avatar
 
Trade: Custom
Join Date: Feb 2011
Posts: 11,370
Rewards Points: 35,346

Re: First Flip - Second House


Quote:
Originally Posted by Frenchy93 View Post
I roughed in for a washer in the upstair bedroom walk in closet and did a rough in for a gas washer/dryer in the basement to save room in the panel. I'll have some more pics shortly.

I'm not supplying a washer and dryer, I want to spend that money on an enclosed trailer to store all my work stuff.
So is the downstairs a basement or did you finish it with rooms?

Interesting choice to rough-in a washer upstairs but no mention of a dryer...

Look forward to the pics...

Sounds like it will be a winner... congrats...
KAP is offline  
Old 08-29-2018, 11:25 AM   #45
Member
 
Frenchy93's Avatar
 
Trade: Earthworks
Join Date: Mar 2016
Posts: 78
Rewards Points: 208

Re: First Flip - Second House


Quote:
Originally Posted by KAP View Post
So is the downstairs a basement or did you finish it with rooms?

Interesting choice to rough-in a washer upstairs but no mention of a dryer...

Look forward to the pics...

Sounds like it will be a winner... congrats...
The house is a back split, so no space for bedrooms in the "basement."

However, the way I have designed it, the house can be turned into two, two bedroom, 1 bath apartments simply by adding a door. I put a small kitchen in the basement, so it is ready to go if the buyer wants to live in half and rent the other half out to help with the mortgage.

Sorry, I should have been more clear, I'm roughed in for washer dryer upstairs and washer dryer downstairs.
Frenchy93 is offline  
The Following User Says Thank You to Frenchy93 For This Useful Post:
KAP (08-29-2018)
Old 08-29-2018, 11:27 AM   #46
Member
 
Frenchy93's Avatar
 
Trade: Earthworks
Join Date: Mar 2016
Posts: 78
Rewards Points: 208

Re: First Flip - Second House


I tried to purchase another house yesterday and got beat by a way overpriced offer. Starting to get worried I won't be able to keep doing this.

I also have no intentions on doing all the work myself again, its too hard on me and my family.
Frenchy93 is offline  
Old 08-29-2018, 04:02 PM   #47
Pro
 
KAP's Avatar
 
Trade: Custom
Join Date: Feb 2011
Posts: 11,370
Rewards Points: 35,346

Re: First Flip - Second House


Quote:
Originally Posted by Frenchy93 View Post
I tried to purchase another house yesterday and got beat by a way overpriced offer. Starting to get worried I won't be able to keep doing this.
Start going to local REI clubs... sources are there including bird-dogs, wholesalers, etc. who will do the work FOR you and find what you are looking for...

In addition, think of people who come across properties in distress, off-market deals like probate, or homes that have been sitting (talk to neighbors) or home that are visited by first responders (show up with an envelope with fifty $20 bills in it after one finds one for you as a thank you for bird-digging it and word gets out)...

Then you have REO (Real Estate Owned) and foreclosure properties (properties owned by the bank who needs to get them off the books as it effects their credit rating and ability to loan and can sell for as low as what's owed)...

And then you have Tax Deed sales (house sells in a bid for what is owed on the real estate taxes, and the mortgage is wiped out) - you can sell the house outright or sell it back to the HO and collect on it for however long the mortgage is... which makes it a long-term rental with someone else paying the taxes/insurance on the property and responsible for repairs, etc...

The VA & HUD and Fannie Mae, Freddie Mac, also sell properties (again, for what is owed and can still be negotiated)...

Don't know how you get your leads, but going deeper makes it less likely you'll have to rely on driving around, Craigslist or MLS...

Quote:
Originally Posted by Frenchy93 View Post
I also have no intentions on doing all the work myself again, its too hard on me and my family.


Keep your day job, spread the wealth... you'll generate more industry contacts, be able to manage and sell more properties in a year than you would the way you just did it, and still keep your day job, as it were...

Good luck... 8^)
KAP is offline  
Old 09-10-2018, 09:17 AM   #48
Member
 
Frenchy93's Avatar
 
Trade: Earthworks
Join Date: Mar 2016
Posts: 78
Rewards Points: 208

Re: First Flip - Second House


Okay all,
Yesterday was the final day of touch ups, the house is officially done. I just noticed that this forum is for "professionals" only and the other DIY forum is for guys like me. So I hope I didn't offend anyone.

Here are some final pictures. My SO used some fancy app on her phone to make comparison pictures. I would really love to hear what you all DO and DO NOT like or what I did wrong so I know for my next one. Like I said before, I didn't have a designer, I used a lot of material from auctions or stuff that was given to me or I found cheap on local classifieds.




















Last edited by Frenchy93; 09-10-2018 at 09:27 AM.
Frenchy93 is offline  
Old 09-10-2018, 09:28 AM   #49
Member
 
Frenchy93's Avatar
 
Trade: Earthworks
Join Date: Mar 2016
Posts: 78
Rewards Points: 208

Re: First Flip - Second House










Frenchy93 is offline  
The Following 2 Users Say Thank You to Frenchy93 For This Useful Post:
hdavis (09-10-2018), KAP (09-10-2018)
Old 09-10-2018, 10:30 AM   #50
Pro
 
hdavis's Avatar
 
Trade: remodeling
Join Date: Feb 2012
Location: CoastalME
Posts: 23,968
Rewards Points: 4,764

Re: First Flip - Second House


If you do earthworks, that makes you a professional.
hdavis is online now  
Old 09-13-2018, 06:51 AM   #51
Member
 
Frenchy93's Avatar
 
Trade: Earthworks
Join Date: Mar 2016
Posts: 78
Rewards Points: 208

Re: First Flip - Second House


And there she is:

https://www.realtor.ca/Residential/S...-Leslie-Valley
Frenchy93 is offline  
The Following 2 Users Say Thank You to Frenchy93 For This Useful Post:
hdavis (09-13-2018), KAP (09-13-2018)
Old 09-13-2018, 12:24 PM   #52
Pro
 
KAP's Avatar
 
Trade: Custom
Join Date: Feb 2011
Posts: 11,370
Rewards Points: 35,346

Re: First Flip - Second House


Quote:
Originally Posted by Frenchy93 View Post
Very nice...

Have you considered staging it? Perceived value generally increases as it's sometime hard to visualize what an open space can look like and can sometimes result in a bidding war...

People want the magazine and/or TV/intenet images they've been seeing...
KAP is offline  
Old 09-17-2018, 08:49 PM   #53
Member
 
Frenchy93's Avatar
 
Trade: Earthworks
Join Date: Mar 2016
Posts: 78
Rewards Points: 208

Re: First Flip - Second House


Quote:
Originally Posted by KAP View Post
Very nice...

Have you considered staging it? Perceived value generally increases as it's sometime hard to visualize what an open space can look like and can sometimes result in a bidding war...

People want the magazine and/or TV/intenet images they've been seeing...

Well,
I was seriously considering the staging thing after reading this. But I sold the house in 3 days for 6k over asking! Received the deposit today.
I'm on to the next project now.


Last edited by Frenchy93; 09-17-2018 at 09:07 PM.
Frenchy93 is offline  
The Following 4 Users Say Thank You to Frenchy93 For This Useful Post:
AustinDB (03-24-2019), Calidecks (01-30-2019), hdavis (09-18-2018), KAP (09-18-2018)
Old 09-18-2018, 12:13 AM   #54
Pro
 
KAP's Avatar
 
Trade: Custom
Join Date: Feb 2011
Posts: 11,370
Rewards Points: 35,346

Re: First Flip - Second House


Quote:
Originally Posted by Frenchy93 View Post
Well,
I was seriously considering the staging thing after reading this. But I sold the house in 3 days for 6k over asking! Received the deposit today.
I'm on to the next project now.

Congrats!...



Enjoyed this thread watching your progress, overcoming obstacles, learning, and profiting by selling over ask...


Did you find another flip or just regular work project?

Last edited by KAP; 09-18-2018 at 12:17 AM.
KAP is offline  
Old 09-18-2018, 09:04 AM   #55
Member
 
Frenchy93's Avatar
 
Trade: Earthworks
Join Date: Mar 2016
Posts: 78
Rewards Points: 208

Re: First Flip - Second House


Quote:
Originally Posted by KAP View Post
Congrats!...



Enjoyed this thread watching your progress, overcoming obstacles, learning, and profiting by selling over ask...


Did you find another flip or just regular work project?
Kap,
Have a look at the thread I started yesterday.

http://www.contractortalk.com/f18/ce...e-reno-411407/
Frenchy93 is offline  
Old 10-01-2018, 02:44 PM   #56
Member
 
Frenchy93's Avatar
 
Trade: Earthworks
Join Date: Mar 2016
Posts: 78
Rewards Points: 208

Re: First Flip - Second House


Ended up buying this one:

Have a look at this link for all the pictures.

Note: Not one of the walls is drywall, it is all MDF!!

https://ibb.co/album/nG8Ctv

Frenchy93 is offline  
Old 01-30-2019, 12:02 AM   #57
Member
 
insighter242's Avatar
 
Trade: Roof
Join Date: May 2018
Posts: 37
Rewards Points: 80

Re: First Flip - Second House


Quote:
Originally Posted by Frenchy93 View Post
Ended up buying this one:

Have a look at this link for all the pictures.

Note: Not one of the walls is drywall, it is all MDF!!

https://ibb.co/album/nG8Ctv

Congrats...any leanings or things that you would do little differently basing on those observations ..

House looks pretty good
insighter242 is offline  
Old 01-30-2019, 07:47 AM   #58
Member
 
Frenchy93's Avatar
 
Trade: Earthworks
Join Date: Mar 2016
Posts: 78
Rewards Points: 208

Re: First Flip - Second House


Hey all, so I kind of stopped posting as I wasn't getting many responses so I didn't think anyone really cared haha.

This house was completed just before Christmas and going on the market on Friday. It actually turned out really well and the stairs turned out great.

I had a bit of a snag at the end, the guy I normally get to make my custom vanities and islands took off on me and had to scramble to find someone. Ended up costing me a lot more.

Here's some of the last pics I took, I'll post the MLS listing early next week.









Quote:
Originally Posted by insighter242 View Post
Congrats...any leanings or things that you would do little differently basing on those observations ..

House looks pretty good
Really, this house went pretty well so I didn't learn much. I'd never use large platform tiles again like I did though. It took a lot of work with the poor substrate.

Oh! The hardwood I picked was also terrible, it has lots of deep rough grooves that trap dirt and paint. Never again.
Frenchy93 is offline  
The Following 4 Users Say Thank You to Frenchy93 For This Useful Post:
AustinDB (03-24-2019), hdavis (01-30-2019), KAP (01-30-2019), mrcat (01-30-2019)
Old 01-30-2019, 07:52 AM   #59
Member
 
Frenchy93's Avatar
 
Trade: Earthworks
Join Date: Mar 2016
Posts: 78
Rewards Points: 208

Re: First Flip - Second House


I also ended up purchasing another house which is two doors down. It had a sewer backup in an unfinished basement and I got it for a steal.

https://ibb.co/album/fJ2qwF

Frenchy93 is offline  
The Following User Says Thank You to Frenchy93 For This Useful Post:
KAP (01-30-2019)
Old 01-30-2019, 10:28 AM   #60
Pro
 
hdavis's Avatar
 
Trade: remodeling
Join Date: Feb 2012
Location: CoastalME
Posts: 23,968
Rewards Points: 4,764

Re: First Flip - Second House


Sometimes it pays to deal with cheap others won't.

Advertisement

hdavis is online now  


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Portion of house on pillars leaning... stumped? bridren Architecture & Design 10 04-20-2014 04:58 PM
Need your thoughts on this house wrap nightmare.... crissyissy General Discussion 20 02-10-2014 12:41 PM
Flip this house still a joke BCConstruction General Discussion 9 09-01-2012 12:55 PM
200 year old house resto/reno blackbear Carpentry Picture Post 38 08-27-2012 09:25 PM
Floating house, house floats up during hurricane medusa General Discussion 62 01-03-2011 08:08 PM

Join Now... It's Fast and FREE!

I am a professional contractor
I am a DIY Homeowner
Drywall Talk is for
PROFESSIONAL CONTRACTORS ONLY!

At DrywallTalk.com we cater exlusivly to professional contractors who make their living as a contractor. Knowing that many homeowners and DIYers are looking for a community to call home, we've created www.DIYChatroom.com DIY Chatroom is full of helpful advices and perfect for DIY homeowners.

Redirecing in 10 seconds
No Thanks
terms of service

Already Have an Account?