DEAL or NO DEAL "The Tabacco House"

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This week, John plays “Deal or No Deal”. First by looking at the property, then by looking at the comps, John gets the lay of the land on a property he’s thinking of buying. Is it a deal, or is it a dud? Figure it out for yourself on this week’s Systems Saturday.

Transcript

0:04I did everything myself in here that is not how we do 0:07the business and there right there is a house that I have already flipped 0:11and 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 0:21hey guys today it is system Saturday I'm your host john cochran 0:25and on today's session we're gonna play deal 0:28or No Deal so we're here at 4878 0:32queensbury drive in Huber Heights Ohio i'm gonna give you all the details of this deal 0:37I'm gonna show you this deal right on the inside and I want you to tell me 0:40what you would do with it 0:42and then I'm gonna tell you what we end up doing to it so 0:45take a look in this neighborhood just so you can get very very good 0:49clear picture of what's this neighborhood looks likes it's got some 0:53new 0:54homes just f.y.i for the whole deal or No Deal section 0:58 that we're doing right here on all homes in this subdivision 1:02are all brick this is one of the biggest brick communities 1:06in the entire state okay tons and tons of homes here 1:11so this is just a deal that would potentially looking at buying 1:14and as soon as you walk up to this you can see the 1:19the wheelchair ramp up on that and I do want you to take notice 1:22since you need to see everything look at this concrete 1:27this should have been probably a flower bed they put concrete right 1:31inside that 1:32you know and they did a pretty bad job at that to be honest with you 1:37open up the door all right here you got the 1:41front door which is in amazing shape this is a HUD home 1:45as well and you got a padlock right here so they got the padlock 1:49to get in, and that's how you get in 1:53just give a little push you're right inside the winner 1:57now so the first thing that I noticed when I come in here is one 2:01the odor, smells like pets pretty bad 2:05in here and then I also notice the carpet naturally that's worthy 2:10the odors coming from is the beautiful stains on the carpet that's where that's 2:14coming from 2:15looks really really dark in here 2:18okay so it looks dark in this particular home 2:22carpet, I don't like this my sake, I don't like this 2:26if I was to do this, what I would do is 2:30I would end the carpet right here 2:33and then this whole thing right in here that the kitchen and 2:38the dining area would be all either ceramic tile 2:42or a vinyl tile or vinyl flooring 2:47all windows in this are just metal frames windows, so this 2:50probably came with the house when it was built 2:53in the 60s okay so when it was built in the sixties 2:57you got, here's your kitchen so here's your kitchen 3:02your refrigerator will go right here, ok. so your refrigerator will go right here 3:06not a ton of space but not it's not that bad 3:09you got your sink, your electric box, this layout 3:13and your Huber heights, this is extremely extremely a 3:16a standard layout so if you're seeing a fuse box right here 3:20the electric is always right in this homes 3:25Huber heights 3:26have look quite a few in this area by the way 3:30so you can look right here here's the fuse box so it is on fuses 3:34and here is where the laundry go so you got the washer 3:38and the dryer will go right here and then your dock will go 3:41right inside there and then that will be your cabinet space 3:45for that. this is a 3 bedroom 3:49one full bath home the asking price 3:53is thirty thousand dollars, okay. so that is what the asking price 3:57of this is. when you go in here here's the 4:00the wall, and to be honest with you they are not in that bad a shape 4:03they look like they painted it probably one time 4:07and now back in the sixties the 4:10the base moldings are not in that bad a shape 4:13all doors all bifold doors right this is not wood these are metal 4:18a bifold doors, from here looks a little bit old as well 4:23so furnace looks pretty old as well. so water heater 4:27this is a neuro water heater probably purchase from lows but this is 4:31probably original to the house 4:34right here if you don't know you can actually read the serial number 4:39you can read the serial number 4:41of the furnace and that serial number will always tell you 4:45what year the furnace is, believe that or not 4:49so i'm gonna look at the serial number real quick 4:5574, so 1974 was when this 4:59furnace is. seem better days 5:03right here, here are some more stores right here which is cool 5:08go right here to the the bathroom right here 5:11and you can see here that this is like the old school tile 5:15so this is the old school tile, you got ceramic tile on this 5:19around here you gotta I your window right here 5:23your tub with the ceramic 5:26backsplash right here, here's a weird thing about this is that looks like this 5:30was a past job might have been a leak 5:32there and 5:35they just put it back like that if you guys need any type 5:40wallpaper in your house I would highly highly suggest to use this 5:44beautiful wallpaper use that wallpaper right there 5:48little closet I don't even know if you can even buy a bifold 5:53that small, this is probably about a 5:58might be a 24-inch I'm not sure though 6:01that's what that is so coming down the hallway you have one bedroom right 6:05here 6:06you've got another bedroom right here 6:09closet space is pretty, pretty big 6:13of for a three bedroom one bath home, it is pretty big 6:17no bifold door on this, this is the plumbing to the outsude 6:22let's peek on it on the outside 6:26kinda feels weird to right here i mean obviously this carpet would need to go 6:30but you probably can't tell on camera but the padding there's no padding 6:34i'm standing right now I just kinda knows the feel of it 6:36and there is padding right here so just felt a little bit different 6:39I can see it right there where there's no padding 6:43it just kinda feels weird but thats not really a big deal 6:46jam right here, it looks like somebody cut this jam 6:49which is not good 6:53I am going to name this house the tobacco house 6:57because they were so kind to put tobacco 7:01in this house while they have it up for sale 7:05so, standard windows 7:08right here for a home in Huber Heights 7:12so that's it that's the entire house I will show you the garage just 7:16just because I can but if you've seen one garage you've pretty much seen 7:22a modest wanna show you this entire home 7:24so the you can tell me what you would do to it and I'll tell you exactly 7:29if we bought this home or if we didn't and kinda what we're doing whit it 7:33storage is up in the attic 7:36right here 7:39you can put a small car and right here and it does have 7:42automatic opener which is good 7:45okay so that is good but, that's the garage so 7:49nothing crazy so guys again just to recap 7:53okay three-bedroom one full bath home you just saw the inside of it 8:00okay thirty thousand dollars is the asking price from Hud 8:04now what I wanna do you saw the outside you've seen the inside 8:08should probably take notice of this crack as well and every single home has a crack in 8:12Huber heights 8:13right here in the living room just where that wall devides 8:18but what I want to do now 8:21is I want to take you back to the office I wanna show you all the comparable 8:25homes 8:25a quarter-mile away from this particular home so you can tell me exactly if this 8:30is a deal 8:31or if this is a no deal and then I'll tell you what I did with this so let's go to the 8:34office 8:35check out numbers on this thing alright so we're back at the office 8:40right now I wanna show you 8:42the comps real quick on the home 4878 queensbury drive the you just saw so you 8:48can tell me if you think this is a deal or no deal 8:51and i'm going to explain to you what we're gonna do on it 8:56find out if it is a deal or no deal okay so what we do here is i'm just at the 9:01last 9:01that is by Florence I can all the person passes in Saturday's as I 9:05immediate your compareables from the mls 9:09in order to do that I'm going to just do just a radius 9:12search right here and from there i'm just gonna do a radius search a quarter-mile out 9:19from 3878 a Queensbury okay and then the city of Huber Heights 9:27okay Ohio, there is a residential 9:31its residential it's also a single family 9:36I'm going to do all the active, the pending 9:40and then the sold comparable so the active 9:43the pending and then the sold comparables i'll even check the active 9:48slash spending okay and I'm gonna just go back 9:51six months okay so on the sold and then the pending 9:54I'm only gonna go back six months that's that's most accurate comps that I'm 9:58gonna do and I'm gonna go out 10:00a quarter mile from my subject property which is 10:03the house in queensbury. so i'm just gonna click right here in preview account 10:07find out how many homes are active active pending 10:10pending and then sold a quarter mile away within the past six months 10:15from here and saying address can not be found which I know it can 10:19just type in the city real quick 10:25so just type the right address 10:29now it will do it because I just don't have the right address and so 10:33thing I got people on the back on right don't even know what home i'm looking for 10:37okay so here's the deal 10:40here is everything that active and pending 10:44and sold in this area so you're gonna see a lot of sold right here 10:47so i'm just gonna give you the number you can tell me what you would do it so right here 10:51there's thirteen 10:52sold active and pending 10:55we've got one sold for 30,151 one sold for forty four thousand 11:00we've got one pending for 4900 one sold for $5200 again you have to look 11:06at the bedrooms right here, look at the bedroom and bath and the square foot 11:10put our is at 3-1 on right here ours is at 3-1 11:14and you can see that just from these compareables right here 11:19I want you to pause the screen right now okay so go through and pause the screen 11:24I want you to look on the screen 11:27because here's all of the compareables i want you to look right here 11:31at the custom days or the current days on market 11:35see DOM. i want you to look at the status 11:38sold, pending, active. I want you to look at the bedroom 11:42I want you to look at the bathroom and I want you to tell me 11:46if this is a deal or not a deal from looking at the inside of this 11:50to going and looking at these cops it needs about fifteen thousand dollars 11:54worth the work 11:55okay if you're going to rehab it completely 11:59and then remember that the asking price this thirty thousand dollars so what I 12:03want you to do 12:04on this system Saturday, I want you to comment below 12:08tell me deal or No Deal 12:11in a suggestion and the comment box below tell me Deal or No Deal 12:15and then tell me what you would do with this property would you 12:19wholesale this deal off, if you're gonna do it. would you prehab it 12:23or would you rehab it or would you just not do the deal 12:27okay what would you do to this and then on next 12:30weeks session what I'm going to do. as I'm going to tell you what we did 12:35on this deal or what we didn't do in this deal 12:39comment below tell me Deal or No Deal impart your screen so you can see all 12:44these comparables extremely good 12:46and I even put them below this video 4 y'all just take a screenshot on this for 12:51you 12:51so that you can look at 'em and then comment below Deal or No Deal and then tell 12:55me what you would do with it if it is a deal 12:57then on next week's session I'll tell you what I decided to do 13:02or what I didn't decide to do on this. guys i hope you enjoyed this session of 13:06systems Saturday. let me know what you think. dealer no deal 13:09I'm out. See you guys

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