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San Antonio House Flip

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Uploaded by on Apr 8, 2008

This one was fun. We got it off CraigsList from the original owner who was 95 years old and still drives. Crazy thing was it had this BRAND NEW GREEN ROOF so we broke the rehabbers cardinal rule, (never paint a house green) but it all worked out. Sold in 2 days with multiple Full Price Offers. This house was "green" in more than one way : ) We Buy San Antonio Houses

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Uploader Comments (tomtarrant)

  • First of all I enjoyed seeing the work you do and how you conduct business unlike Armando. I know you did alot of work on your own so I was wondering how much you actually invested money wise in labor and materials. It seems like you built out a brand new house with everything new so it seems that the profit would be minimal of 97K.

  • We bought this house for 175k and sold it for 269k. Of course there are repairs which you see in the video. Additionally there are holding costs, selling costs and interest on the loan. We did great profit wise but not close to your number unfortuinately : )

  • boy that house looks familiar. is that the house in the forest oaks subdivision off nacogdoches??

  • no, Lawndale off N New Braunfels. (AHISD).

  • what's happening at 2:48 ? Why does the test look like that?. it seems like you are testing the stain. do you sand the area after then finish that same area again?

  • yes, we are testing several colors on the freshly sanded floors. Once we pick what looks good with the house, we sand them all off and proceed.

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All Comments (20)

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  • Awesome job!

  • You better know your numbers before you flip. Buyer's closing cost (close to 3% if you're financing), seller's closing cost (close to 7.8%), property tax, utilities, HOA (if applicable), insurance, home warranty, cost of renovation, time, headache are just some of your concerns. Unless you're willing to do a lot of the sweating yourself, it may not be a good time to flip.

  • why not paint a house green? Its a lovely color!

  • HE'S A FUCKING THIEF HE STOLE $1300  FROM ME FUCK YOU ARMANDO MONTELONGO AND YOUR WIFE TOO ,,,,THIEFS

  • nice! I'm just about to buy my first house to flip, and this was a great inspiration, it gave me some good Idea's, thank you ^.^

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