Video Transcription
Rod Hanks: What’s up folks? Here, Rod Hanks here with iamcashbuyer.com standing in front of my new flip in the great city of Pleasant Grove, Texas. Just closed on this yesterday. It’s a three bedroom, two bath home with a garage conversion. It has a number of updates as far as the major systems like the roof, the AC, the water heater. But as far as everything else, as far as the fixtures, the paneling, walls, hadn’t been touched in a while. The previous owners stayed here over 40 years. They did a great job taking care of it, but just didn’t update the cosmetic things. So come on, let’s take a look at this. Pop in and let me show you what’s going on.
First, we walk into the living room. Smaller living room, and you can see the carpet is kind of outdated. Follow me to this first bedroom. This is what I’m talking about. This paneling was the theme in the 70s, but of course now, not so much. But the thing about this, it’s an easy fix. All you have to do is take this paneling down and behind these walls is sheet rock and just float it, tape that and float it if it need be. But most of the time the sheet rock is in perfect condition behind the paneling so all you have to do is paint it.
Follow me over into the next bedroom. Oh, before I do, take a look at the HVAC. Like I said, it is new. Said probably at least about two years old. That’s a major cost in a rehab is installing a new HVAC system. This house already has it, so that’s a major savings for me. And again, 1970s style paneling in this room right here, older carpet. We come over here in the bathroom, the bathroom is updated. You’ll see new ceramic tile, of course on the floor, around the wall. New cabinets and fixtures, new toilet and really nice, really nice shower. Ceramic tile shower and fixtures all the way up to the ceilings. Now that is updated.
Follow me over into the next bathroom here and you’ll see it is updated as well. Again, same style, new cabinets, fixtures and whatnot. Nice ceramic tile shower and fixtures. And what I really like about it is the ceramic tile goes all the way up to the ceilings. All right. And then we come here into this third bedroom right here. It does not have the paneling on it, but it does need some sheet rock repair, and of course paint. And of course, we could update the fixtures in the entire house as well.
Now, this is the garage conversion part right here. This was a two car garage originally, but the previous owner converted it into a second living area, with a fireplace and all. So again, we will take this paneling down, repair the sheet rock, paint it, new fixtures, replace the carpet, fix that back door as well. And this will be a great second living area, or it can be another fourth bedroom. Actually a lot of investors, they’d convert this area into a fourth bedroom.
Now let’s take a look at the kitchen. The kitchen has been updated with new cabinets. It has a nice a gas stove as well. We have to again take that paneling down as well, this stuff up here. What do you call that? The paper?
Speaker 2: Paper, yeah.
Rod Hanks: We take that down as well. Now what I would do is update this countertop with maybe a good, inexpensive granite as well. And that’s all it needs here. And if you come in the back yard, now this is my domain. Nice two-car carport. Nice huge backyard. Nice storage shed as well.
So there you have it. Just a quick walkthrough of this flip that I’m about to start. I just closed on it yesterday. I’m actually going to send my contractor out here tomorrow to start working on it. When everything’s said and done, I’ll show you the finished product. We’ll put this thing on the market and hopefully make some money on it. Stay tuned.