Deal or No Deal Part 2
Last week John, founder of Systems Saturday, gave the details of a house he’s thinking of purchasing and asked you, “DEAL or NO DEAL?” This week, John tells you his decision and his exit strategy. Stay tuned in the weeks to come as John walks you through step by step his process for prehabbing and selling this home to make a fat profit in short time.
0:04I did everything myself in here that is not how we do 0:07the business and that right there is a house that I have already flipped 0:11as well. I already know that I can flip this house to a buyer on my buyers list 0:15'cause i got a strong buyers list in this area 0:21sup guys it is system Saturday the day that I bring you a system that I use my 0:25own personal business that today 0:27you can rip off in duplicate so we're back here at 48 0:3178 queensbury drive at the deal or No Deal how so 0:35today I'm going to unveil to you what we decided to do with this house so 0:40some people busted me some people bust me on this 0:43very very first camp that I gave you guys 0:46actually the camp that I bought this property the list price was thirty 0:51thousand dollars on this as a HUD home 0:53a lot of people tell me to to buy this thing for twenty thousand a lot of 0:57people tell me 0:58that they would pay anything over the NAP you guys that is absolutely crazy 1:02based upon these camps and everything 1:04you have to buy this property it is a deal 1:08all day long so just look at the camp here, i did buy this over asking price and 1:14you can do that 1:15as long as you know your exit strategy and you know what your 1:19camp's are okay so there's no rules or anything but you can do that and that's 1:23what we did 1:24on this home so this is a complete deal so I have decided to go through and do 1:30a pre hab on this deal which 1:32a lot of people told I and said that's exactly what they would do with this 1:36that's what we're doing on this home so I wanna take you to the inside as I 1:40wanna show you 1:41kinda just what we're gonna do pre hab wise 1:44this is the first thing that we're gonna do is get rid this wheelchair ramp 1:48because this is not very good appeal 1:51again this is a three-bedroom one-bath home okay so the three-bedroom one-bath 1:56home 1:56and I it looks like it needs a lot of work to this but it does not so 2:01we're gonna put ten thousand dollars in this house okay so we gonna out ten thousand 2:05dollars in this house so 2:06we bought it for thirty thousand 151 put ten thousand dollars unless we're gonna 2:11be roughly in this for forty 2:13okay are exit strategy is to sell this for 5049 2:17now if you look at the camp if you look at the sole com this is why I did 2:21what I did 2:22on the first comp obviously was the one that I bought on the second Comp was 2:2744,000 the third cop was pending 2:3049,000 49 9 that 2:33the other comp the forth comp was sold 2:37for 52,000 now the next active camp from there 2:41is 64 9 okay so 64 9 so 2:44what I decided to do because I always want to be the cheapest thing on the 2:48market okay so I always wanna be the cheapest thing on the market when i bring it 2:51to the market 2:52I decided to go and put it up on a price tag of 549 which is ten thousand 2:57dollars cheaper 2:58than anything active on the market and that's why we can make a quick 3:02fifteen thousand rose on this home so i just wanna take you through show you what 3:05we're doing real quick so 3:06already the budget is 10,000 so 3:10i already told you about the wheelchair ramp we're gonna yang that 3:13out 3:14all new windows, so all new windows in this home 3:17right there so all new windows and obviously we are gonna come back with all new 3:21flooring 3:22just like I said in the past system saturday what we're going to do is we're 3:25gonna cut the carpet off 3:26right here okay we're gonna do all in only on in the entire kitchen 3:30right here somewhere and you all in all im and to 3:34then on a carpet everywhere so all new flooring 3:37all new paint, so all new paint these walls are actually in great shape 3:42okay these walls are actually in very very good shape 3:46and and same with moldings okay the pace moldings, case molding these are all in 3:49great shape, same with these doors 3:51good good solid doors right here so we're just gonna paint the doors 3:54paint the moldings and then paint the wall so we always do white 3:59semi gloss on the doors we always do white semi gloss on 4:02the moldings base and casing and we'll do a light 4:06tan flat paint on the walls throughout and then we're going to just 4:10do a flat white 4:11on the ceiling that's what we do in every single one of them 4:15right here we are gonna put a brand new kitchen in here 4:18standard cabinets that we would get from Lows 4:22okay we're just gonna put a brand new kitchen in here and we're also putting a 4:25new 4:26fuse box in there so on those were the two big ticket items right there 4:30was the the kitchen, putting the new kitchen and 4:35the fuse box in there updating it with breakers to bring it right up 4:39to code 4:40that's really about it guys that's really bout all that we're gonna 4:44do we do have one door 4:45that we need to replace because the, obviously with the 4:50the wheelchair ramp, something was going on right here 4:53so this right here this jam and everything will have to replace 4:57that door and jam, that's really about it so 5:00this is very very cosmetic, again 5:03we're even going to sweep up the tobacco we are gonna sweep up 5:07the tobacco so I'm very very cosmetic this home is 5:12you wouldn't think it, just because it's kinda nasty and that's why we never 5:15show 5:16buyers home before they're done because this home looks a lot worse 5:21than what it actually is, it looks a lot worse than whit it actually is 5:24it's pretty much as the paint carpet and 5:28you can see here that we're gonna go and undercut the 5:31value you know we are going to do some work in here 5:35we're gonna put a whole new bathroom in here for about fifteen hundred bucks 5:39as well, that's about what it's cost to that 5:42those are the numbers you know those are the numbers on this and is super 5:46super it's a good deal 5:48and obviously it will sell quick because ten thousand dollars cheaper 5:51I've been really anything on the market and you know we teach that in our hud 5:55wholesaling mastery course we teach that in seven days and so we show you how we 5:59buy this sinks 6:00we show you how we sell them quick in seven days in sold system so 6:04that's what we did, that's exactly what we did so what i want you to do is i want you to subscribe to the 6:08channel, i want you comment 6:09on this video below and let me know what your thoughts are 6:13what you think of this system Saturday and guys I'm out to see you next week