How To Flip A House In 2020 - New Property Walkthrough

In this video we do a walkthrough our latest house flip and discuss our home renovation plans.

This is a 4 bedroom, 2 bath home on 2 acres in a suburb of Grand Rapids, MI - the 2nd largest city in Michigan. Because of the quality of the home and area, we are going to put higher-end finishes in this home to attract the proper buyer.

Here's a breakdown of the numbers we hope to achieve on this flip:

Purchase Price: $185,000
Renovation Budget: $20,000
Total: $205,000

Sales Price: $275,000
Net Profit(After Closing Costs): $50,000

The one wildcard we discovered in this video is that the furnace is broken. We are hoping to be able to repair it for a few hundred dollars rather than replace it for a few thousand.

LETS SEE IF WE CAN DO IT!

Also, please comment on this video and let us know what we missed/didn't cover in our last house flip. We will do our best to cover it in this one. We want to be as open as possible about our process!

How To Flip A House In 2020- New Property Walkthrough is the first video in our collection from this house flip. To see the rest and how much we ended up making(it's a lot more!), click here: youtube.com/playlist?list=PL-DxGggo9JMLbHmULQMy…

The home renovation process is a stressful one, but it is so rewarding to see the results! Flipping houses isn't rocket science, but there is definitely lots to learn and mental barriers to overcome. We hope this video series inspires you to try your own house flip or get started in real estate investing. You will be glad you did!

#houseflip #houseflipping#realestateinvesting #flip

Here's the playlist for our last flip: youtube.com/playlist?list=PL-DxGggo9JMLYUDkDAPc…

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