Can you flip a bank REO property in real estate? Well, today we're going to show you the before and after of my latest bank REO House flip. You'll see all the work we put into this one to bring it back to A+ shape. We'll go over the full renovation and you'll see what building materials we used to make it attractive for today's buyers. We'll then go over the numbers back in the office so you see our purchase price, the cost of the renovation, the hard costs/costs to sell and our profit. I want you to see how much it cost me to sell a house in today's real estate market. Most real estate markets are slowing down dramatically and I don't want you to get caught in the middle of this market shift.
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00:00- Intro
1:10 - The surrounding houses are important when you're fixing up houses to sell
2:08 - The first floor flooring must be replaced with luxury vinyl plank LVP
3:00 - We installed a new kitchen w/ new cabinets and countertops
4:02 - We had to rip out the old deck and build a new one
5:13 - We replaced the vanity in the downstairs bathroom
6:02 - The 2nd floor has a new communal bathroom w/ an overlook for the front and rear of the house
7:10 - The primary bedroom has vaulted ceilings w/ new renovated bathroom
8:02 - Let's go over the numbers on this flip, the ARV, purchase price and what is an REO, Real Estate Owned
10:40 - How we finance our real estate deals and flips using private money lenders
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