Bought the Ugliest House… Turned It Into an Asset Fast

本站添加: 2026-05-12

[00:00:00]Check out my latest transformation.

[00:00:01]Guys, remember few weeks ago I showed you that before. It was a complete box. It was the one in the kitchen that had a foot. I think it was a elk foot or a I don't know. It was something for good luck. It was horrendous. We're going to mix in the before video. You remember it wasn't long ago. Look at it now. Like four weeks later, right? You take a house and nobody want it. No.

[00:00:26]People are going to be happy. They're going to live here. The neighborhood looks better. Which is why you buy the crappiest house. Nice neighborhood and you're going to win. Remember, look it, the mountain is right there.

[00:00:37]Neighborhood is nice and you buy enough of these and then you can get liabilities like this, right? That's what you want to do. Let's take a look.

[00:00:48]Remember the yard? Just cleaned it up.

[00:00:51]Put a little rock. Like I always say, there's no money in landscaping in the front. We do this. And they have so much privacy. So they can close this off.

[00:01:00]They can have dogs running around. I mean, amazing. No HOA. You can park all your vehicles.

[00:01:08]Look on the outside. Obviously, we changed the roof, stuckle repair, new windows, paint, cleanup for weeks. And that's how you get value ad. Cuz now, I mean, it's it's retail ready.

[00:01:26]But we're not going to sell it. I'm going to hold it. I'm going to repeat it. All right, let's take a look on the inside. If you remember, last time we had to break in from the back because we didn't have a key or it was blocked off.

[00:01:38]I don't remember. It was crazy. But now we can go in from the front and I'll show you where I spend money, where I didn't spend money and what pencils best for ROI, right? Return investment, cash on cash, not something you make emotional decisions, which is why these houses are a lot better. or they're an actual investment. You make mathematical decisions, not like your primary house where it just costly spending money with no return because it doesn't make you money. Definition of an asset. Does it pay you? If the answer is no, that's your answer. It's not an asset. So, let's take a look on the inside and see what we did.

[00:02:21]>> [music] >> Take a look on the inside. Look at this beautiful house. What are you going to notice? What's the first thing you're going to notice? Look at the bottom.

[00:02:33]Look at this. What do you see? Different tiles. I've said this a million times.

[00:02:39]Why change it? You can't hurt this tile.

[00:02:41]Look at it. I don't care if you spill on it. What are you going to do? It's amazing. Always leave your tile if you can for a rental. Nobody cares. You're going to put tables, rugs, whatever it is. So it doesn't pencil to remove it and do it again. So that's one area we saved. But if you could see, I mean, what a transformation. Remember the kitchen was here with their disgusting food before? It was right here. And wow, look at look at the kitchen. Look at this. Remember that was the house we went in. I was holding a foot.

[00:03:16]That was That was right here.

[00:03:20]So, now we didn't put the little pan on the bottom of the water heater, but at least brand new. So, we'll do that. Look at that. Nice kitchen fridge.

[00:03:33]500 bucks for this fridge. Can you believe it? And it comes with a 90-day warranty. Way better than spending $2,000 on brand new. I mean, this is just like, look at that. Oh, nice.

[00:03:46]Amazing. I guarantee you this is going to rent fast. Yeah, the kitchen's amazing. And a lot of people ask me, "Do you put garbage disposal?" What? You have to maintain them. They get clogged.

[00:03:58]It's more maintenance. Take a look.

[00:03:59]Let's see.

[00:04:02]That's what it looks like. Why put a garbage disposal on the nicer ones?

[00:04:06]Maybe. On these ones, never. Let's take a look in this room.

[00:04:13]Nice room here. Again, same tile on the bottom.

[00:04:18]Good enough closet.

[00:04:20]Walk in. Not bad.

[00:04:23]It's enough. I've been doing these French drains everywhere. I like them.

[00:04:27]Do the little inserts now. That's cool.

[00:04:31]I mean, brand new, right?

[00:04:35]Brand new. It's clean.

[00:04:38]Can't hurt it. plumbing, electrical, that's all done. So hopefully it's going to give you a hassle-free cash flow for who knows, for years. I mean, what are you going to hurt? Roof's done.

[00:04:52]So, if you do the major ones, you frontload the work, then you're going to do it. You don't defer your maintenance on these houses. If you want them to treat you well, you have to treat them well, which is expensive, right? Front load it just like anything else. You frontload the discomfort if you want any comfort. That's how we do it. Same applies in houses. Look at this. Another different tile. Look at that. Doesn't matter how nice it is. Brand new tub.

[00:05:19]All brand new. Clean.

[00:05:23]Nothing like before. And this is just a four-week transformation.

[00:05:27]Most people would see this, hey, I can make 100 grand. No, you can't. Let's take a look at here. What's 100,000 after tax? 60. And then it's going to get absorbed. And most importantly, you're going to lose this asset. If you ever need the 100 grand, refinance, pull it out taxfree. Same thing.

[00:05:45]Nice.

[00:05:46]The window. Look at how nice this yard looks. I mean, can have their pets, their kids. They could have a little playset.

[00:05:54]Another room here.

[00:05:58]Looks good. Bigger size.

[00:06:01]Oh, yeah. Somebody's going to rent this.

[00:06:04]And believe it or not, even in a house this size, I've seen it multi-generational. So you can bring your parents, the kids. It's how it is.

[00:06:11]Rent's just so expensive.

[00:06:15]Oh, that's a the most unique walk-in closet. So you walk in, you have this. But I like the space optimization for this. You got your shelf, you got your rack, and your entry to the attic.

[00:06:37]Love it. We optimize space. That's what we do. Space optimization where every inch is fully utilized.

[00:06:46]And we're going for efficiency, not looks, and cash flow. That's why a lot different than where you live. We're making emotional decisions. This just has to pencil.

[00:06:58]And it's nice, it's clean, and it's gonna make money. And it's gonna continue to appreciate.

[00:07:07]Even something like this. I mean, Matt, you holding an assets worth 350. 10% appreciation over two years, it's 35 grand by doing nothing. Imagine times 10, 100, it's infinite. Any asset really hold any asset except dollars, right?

[00:07:23]Because that's keeps going down. And what I really liked about this one, we got to see in the back. Remember, it had all these tires and they put this beautiful gate. So, whoever gets it is going to be so happy. You can see it from the kitchen, but we're going to go outside. Look at this gate. Look at that beautiful gate. And what it is with direct access, you can park a lot of cars, which is great for multi-generational families. No HOAs.

[00:07:52][laughter] If you see the neighbors, they have an RV. Hey, bring your RV.

[00:07:56]Nobody cares. That's why you stay away from HOAs. You don't want people tell you what you can and can't park here.

[00:08:04]Nice slab.

[00:08:08]Amazing. There it is. The gate. Put in all your vehicles here.

[00:08:15]Little patio set. Said it before. No money in landscaping. Look at this. Why would I spend money on landscaping or changing the tile? Those are areas I'm not going to do because it doesn't pencil. At least in my experience. Now, if it's a retail deal, you got to list it on the MLS. It's different. But those are liabilities. It's a job. One time income, maximum tax, no thank you.

[00:08:37]Remember, the one who holds always wins.

[00:08:40]On a long enough timeline, real estate will pence always going to go up. That's a fact. AC we left was actually a few years old. Not bad.

[00:08:49]So save the seven grand, eight grand, whatever it was. Save some money there.

[00:08:54]Not bad. This is great. I guarantee you I list this for rent 3 days. It's going to cash flow. Okay, you've seen it a million times. You just saw it again. We took a crappy, horrible house, tires everywhere, a foot from an animal inside, food. It was just disgusting.

[00:09:15]Look at it now. It's going to make money. And you have to have the vision and you have to go through discomfort.

[00:09:20]We took it. Nobody wanted it. Not even the professional wholesaler like this is too bad. Good for me, right? And it's good for you. Go through this comfort.

[00:09:29]You'll get this. You can rinse and repeat it. Look at the yard.

[00:09:34]Park cars. Neighbors are parking RVs.

[00:09:37]Tenants are going to love this. Hey, can I park an RV? I don't care. Paying rent.

[00:09:42]What can you hurt on this house?

[00:09:44]Nothing. The tile's amazing.

[00:09:45]Everything's brand new. The roof is new.

[00:09:47]It's not going to have leaks. All clean.

[00:09:51]And you need to remove your eyes from your primary residence. Be a lot of people are like, "Oh, this is not nice."

[00:09:57]Well, you not living there. Somebody will live there and pick the area. Pick your box and start getting real estate because I promise you, time really is not on your side. Time is your best friend in real estate. But you have to buy it. You have to hold it. And most people I've met, they struggle with that part. Holding it is the hardest thing because you're tempted, right? This temptation comes in. You see SIX FIGURE PAYDAYS. WOW, I CAN MAKE A 100 GRAND, 200, whatever it is. Then you're going to pay max tax and it's gone and you lose the assets. So, if you can never lose the assets, any assets. So, save your houses. Like I've said before, any assets, get rid of that cash or convert the cash into equity and cash flow, preferably, and you'll be fine. So, let's go.