The secret to house flipping success is knowing your numbers. Every new piece of PVC, tile, handle, or home renovation upgrade has a cost. The best home flippers know which will have the highest ROI, while the rookies either under budget or over-upgrade. When James Dainard and his team first walked through this mid-century modern home, it was outdated with a flow that most homebuyers wouldn’t find acceptable (to say the least). Now, the deal is done, and we can see everything the master flipping team did.
Although James’ team went over budget by a good six figures, they turned a tight timeline into a killer deal, getting hundreds of thousands more over what they had originally calculated. James walks through the small details that led to this home remodel being such a hit, and why oftentimes, picking the right types of add-ons, materials, and layout choices can substantially boost your take-home pay once the deal is done.
What do you think of James’ flip? Do you think the upgrade was worth the price tag? Let us know in the comments below, and check out James’ before walkthrough of this same home here:
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00:00 The New Mid-Century Modern
00:51 Going Overbudget for a Bigger Payday
03:06 New Floor Plan But Keep the "Feel"
05:33 Maximizing Value (and Space!)
08:21 Basement and Bonus Space
09:43 An Eclectic Outdoor Space
#biggerpockets #jamesdainard #houseflipping
Recommended Reading >> bit.ly/32kRpzw
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