A luxury fix and flip is NOT like your standard fixer upper. These homes require intensive floor planning, made-to-order fixtures, and landscaping that will put a prospective buyer in awe. These are not the types of flips where some simple painting, granite countertops, and stainless steel appliances will cut it.
James Dainard, flipping master over at Heaton Dainard Real Estate, has been eyeing this specific property for half a decade. James reached out to the seller multiple times but was only able to get his contract accepted once the buyer had been through numerous failed closings.
This property should sell for around $4,000,000, netting James a BIG profit and over a 100% cash on cash return. Don’t worry, James breaks down exactly how he calculated out the rehab on this deal, so you too can make luxury margins on some luxury flips!
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00:00 A $4 Million Flip!
00:53 Finding & Acquiring the Deal
03:03 Budgeting for a Standard Flip vs. Luxury Flip
03:30 1. Framing Plans
04:49 2. Cosmetic Costs
06:03 3. Floor Costs
07:12 4. Tile & Design
08:09 5. Garage Doors
08:31 Look for Extra Features
09:36 6. Landscaping
11:04 7. Roofing Costs
11:59 Picking Your Flipping Specs & Materials
13:43 Touring this 4,000+ Sqft Property!
16:50 The Details Always Matter
17:40 The Interior Walkthrough
Recommended Reading >> bit.ly/32kRpzw
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