Successful house flipping requires careful cost management and efficient project planning; this Detroit house flip demonstrates how renovating a property for under $17,000 (with a $42,000 purchase price) and completing the entire renovation in just 3 weeks is achievable through strategic budgeting, proper contractor coordination, and efficient project management, ultimately achieving an ARV of approximately $125,000.
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Deep Dive
We Flipped This Detroit House in 3 Weeks for Under $17KAdded:
Good old Dendy.
That's where my mama graduated from.
So overall I'm picking that [ __ ] to paint. You hear and receive it.
Get out my way now. I'm trying to be productive.
Why you just sitting there? Why you just sitting there doing nothing?
Okay. The light on.
There we go.
I might change the light. It's a little dull.
So the guy going to be here in the morning to do the floors. Obviously not the same guy that did the last house.
Man, I don't know if your eyes is different than mine, but you don't see all these dark spots in the uh in the in the ground. Once again, you got poly splashed on the damn wall.
So [ __ ] man.
He got the edges of the baseboard all messed up. You're supposed to put tape on them so you don't mess them up. This room got these dark spots everywhere.
Hallway got dark spots everywhere.
If I see him again, I'm going to swing on him.
Stop pissing on the floor. But man, I told these guys, bro, stop putting all this god damn paint on the floor. I even bought the tape the paper.
Put down the paper.
So it wouldn't get on the floor and they still got paint on the floor. Like god damn. Put this [ __ ] on the damn ground.
You should have cut all these. Nobody uses paper no more.
Okay.
>> [sighs and gasps] >> Bathroom straight.
Love of colors.
Kitchen.
I'm going to add a stove over there. I'm going to buy another cabinet to go above the stove and one above the refrigerator. It's going to go over there.
Yeah, I think once them floors get done, it's going to be fly.
How's it going?
What up with that?
>> Yeah.
They got a bunch of nails in here.
>> Ooh, kill it.
>> Oh, for real? Yeah, there's a ton of nails here.
>> I didn't even realize.
>> Yeah.
>> Oh, I see them.
Oh, yeah. Okay, I see them now. All these?
>> Mhm.
>> Damn, I wonder why they do that. I thought they used the little side finishing nails to go with the hardwood floors.
>> It's usually what they do, but if there's a problem with the floors, then they might just go ahead and like tap it in.
>> Uh-huh.
>> I ain't never seen it where they used this many nails, so >> Yeah.
>> you know, this is like excessive, so They'll probably get some some creaks and stuff in the floors.
>> Oh, okay.
>> Yeah.
>> Okay, okay. They in your way?
>> Just a little bit, but I can work >> I'll tell them.
>> The drain.
>> The main drain?
>> The main drain here is broken. But it's the drain.
Because I want to put like change it out the new lines for that, but the drain is broken somewhere.
>> So, what you going to do?
>> Uh you going to put in new lines.
>> Oh, that's it?
>> Make it one line here.
New new drain.
>> So, you >> New drain in the another side.
>> So, you got to break the wall?
>> No, no, no, no.
>> Oh, okay.
>> The last time you tell me put in the sink, I put in the sink and never demolition of the wall. So, the main pipe is broken.
>> So, you going to do it what? Tomorrow or what?
>> Tomorrow morning.
Today?
Well, he came up like cuz I didn't want to be in his way, but uh About to get the floors, yeah.
Huh?
Okay.
What's that?
That's for the sink?
How much is that?
How much is that?
Um okay.
Over here?
This has to be a have a shutoff.
You sure?
I don't care. I just want to I just want to make sure it pass inspection.
Okay. All right, cool.
He said uh He said that's only going to take about 30 minutes, but the the rest of the work is in the basement, so they'll be out your way.
>> Okay.
>> But, if you >> This area [clears throat] here >> Over here?
>> You know, I can't put the sand on that.
This is just like an old adhesive, so it's just going to gum the paper up.
>> So, what do we got to do?
>> So, I got a scarifier with a diamond head that I got to put on it.
>> Mhm.
>> That's that uh Hopefully, it's still got I still got some use out of it. That's what I got to do over there.
And then because of how it is, I can't get the sander in there. I got to cross sand.
>> So, >> Typically, you want to go with the grain.
>> All I ask is that if it's going to be more, just let me know.
>> Yeah, it's going to be a little bit more.
>> All right, let me call the carpet guy and see if it's cheaper just to put carpet in that little hallway area.
Cuz he wanted extra buck 50, but I'm going to still have to get carpet on there. Carpet.
>> Steady.
>> How's it going?
>> What's up, buddy?
>> I'm all right. Uh I got some measurements for you.
>> Okay, go ahead. What are they?
>> Okay, so the hallway is 61 in by 35 in.
So, 35 >> You did it by inches? Okay, 61 by 35.
>> Mhm.
>> I'm going to check the auction now. I'll be back.
>> Okay, cool. All right, yeah. Um yeah, inches. Uh and then the um the steps is uh 34 by 9 and 1/2 in and they it's 10 steps.
>> Okay.
>> And then the second landing is uh 76 by 32 in. So, 32 >> Got it.
The 61 by 35 is the landing or a hallway?
>> It's like a little hallway.
>> Okay.
Okay, so 440 carpet pad labor and installation.
>> 440 carpet. Uh okay, so 440 um >> I need to compare them. That's how I mean carpet looks nicer, but yeah, you can pay it. Are you flipping it or renting?
>> I always flip, man. I don't do no rentals.
>> Oh, then I'll do carpet. I wouldn't do that.
>> Yeah, that's what I was thinking. Um give me about 10 minutes. Let me hit you back.
>> Yeah, I'll call you.
>> All right.
Yeah, big fella.
So, how you supposed to look?
What you staring in amazement for?
All right. You done had hardwood floors done before?
And he did the hardwood.
>> [cheering] >> I guess.
I don't know.
I was going to say too, I thought it was like cable, you can just cut them if they in your way.
Those Those You know them cable cords? If they in your way, you just cut them.
>> Oh, okay.
>> Yeah, I I don't nobody use cable no more. Not that I know of. I like the I like the the the the light color, the natural color.
>> Me too.
>> I hate that dark color stuff. I mean, in big houses it look good like, you know, 4,000 square foot homes, maybe.
But in these, I like it.
>> Yeah. I would suggest throwing a jacket being stain on this.
>> What is that?
>> That's the stain that I used Oh, I didn't show you.
>> No.
>> The other house that I did. So, remember these doors that I showed you?
>> Oh, yeah. Yeah, from last week.
>> Yeah.
>> Oh.
>> Jacket being does a pretty good job.
>> that to a counter top before.
But how much is That's extra though, right? How much is that?
>> What's your square footage here? Let me know.
>> I think you said it was like 600 or something. 500 56. Oh, yeah, you cuz you didn't do this area, so >> Yeah.
>> I forgot what that was.
>> 429. So, we'll add 429.
>> Oh, I can't do it.
I can't do it. My kids got to eat groceries this week. I got eight of them.
>> You got eight kids?
>> Yes.
>> Damn.
I don't I no gray ON YOUR BEARD.
>> WHAT? YOU OH, I CUT it low, but it's there.
>> [laughter] >> Yeah.
>> I thought I said you doing all right.
>> Man, listen. Them groceries been killing me.
>> Yeah, I know.
>> 2,000 a month, damn, or more.
Yes. Okay. So, today house is basically done.
I just need to put these two cabinets up.
And uh it was a issue with the Where is it? Oh, issue with So, it had a leak, so they're going to fix They fixed the leak.
And I got I'm going to I ordered this faucet to go with the uh you know, the decor. You feel me?
The gold boy.
Matches the >> [music] >> uh handles and whatnot.
And so, I'm going to put these two up above the stove. Stove going right here, so these going to go over there.
Freshly uh refinished hardwood floors. Check the floors out.
All right.
>> All of this is from EBS.
>> From who?
>> EBS.
>> Oh, EBS.
>> Easy BS.
>> Just the floors?
The top the the the cabinets is from Z.
About right here.
Yeah, this cool.
>> I don't know what the plan for this is.
>> in here.
>> I ain't got no business plan.
>> See the finished product.
Somebody go take some pictures.
See if I got to cut somebody out. You feel me?
Let's go.
>> Um, yeah.
>> [music] >> Now, you see [music] the difference between these hardwood floors and the other ones? Much better.
>> Uh, yeah.
>> I want to choke this I think.
>> Choke the sh- uh, who?
>> That the the guy who did the last hardwood floors.
These look so much better. Shout out to Zach.
>> Okay, Zachary.
>> Zachary did his thing.
>> All right.
>> For the low low.
>> Yeah.
>> It's probably just dirty.
>> But, I mopped it.
>> Yeah, they was They came back and did some more work.
I don't need four chains. Some of these four chains don't work. Oh, yeah. New New pool chains floors if they don't >> It's dirty.
I'm going to have Terry come do this.
>> I had just mopped this with my hard My hard work.
I ain't know this stuff is.
>> It's probably just character.
Yep. Yep. Yep.
Basement. Basement. my mans come I'm about to have somebody come clean the basement. I don't want to really see down here.
Bunch of junk.
>> I'm going to need four chains. How many four chains don't work?
>> Oh, yeah. New new pool chains, Flores, if they don't work. This is a nice basement.
Anyway, we out. Another one done. About to put this bad boy on the market. All the lights off cuz the bills high around here. DTE tripping.
>> [music]
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