Starting a $240k real estate house flip-kitchen-bath-renovation- w-numbers

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I'm getting started on a real estate house flip and I want to break down the numbers and take you inside so you'll see what I look for before we buy the house and start the renovation. Greg Pineo says one of the three pillars of real estate is "EXPANDABILITY". We must ask ourselves; "How can I expand this house to it's highest and best use"? We'll be converting this house from a 4bdrm/1bath to a 4 or 5bdrm/ 2bath. We try to stay inside the existing footprint to prevent from having to add square footage to the house because that gets extremely expensive.
We'll go over the full scope of this reno so you'll see how much construction really costs. We got lucky because this one won't need siding or windows which is saving us over $10k. We'll walk through the house so you'll see where the new bathroom will go and what we plan on doing to the property to make it attractive to today's buyers. Use the links below to assist you in your real estate business!

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00:00- Intro
3:18 - The current real estate market climate is up 11%
5:09 - Let's go over the numbers on this flip, how much is the construction (Reno)
10:03 - How to handle the refrigerator in your flip
11:39 - How much is our profit on this house
13:17 - I took my daughter to the bank to get the money to buy this house
15:35 - Let's walk through the house together, see the exterior of the house
17:30 - The communal bathroom
18:50 - The PRIMARY bedroom, we don't say "Master" anymore
20:20 - Kitchen will need a full reno w/ new cabinets and counter tops
21:35 - The deck out back

Follow Kris on Social media:
Instagram: https://www.instagram.com/kris.haskins/
Facebook: https://www.facebook.com/kris.haskins.7
Twitter: https://twitter.com/kriz1204

#Goingoverthenumbersonrealestateflip, #propertyrenovation, #gettingstartedonahouseflip

https://youtu.be/Kzp4VjJ14PQ

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