1 00:00:06,740 --> 00:00:08,273 [keith] orlando, florida. 2 00:00:08,275 --> 00:00:10,175 It's an international vacation destination, 3 00:00:10,177 --> 00:00:12,277 And one of the hottest real estate markets 4 00:00:12,346 --> 00:00:13,112 In the united states. 5 00:00:14,815 --> 00:00:16,915 -I'm keith ori... -[loud smashing] 6 00:00:16,983 --> 00:00:19,784 ...And I've been flipping zombies in this city for years. 7 00:00:19,854 --> 00:00:23,856 This is a $10,000 bet that you can repurpose into cabinets, 8 00:00:23,858 --> 00:00:25,958 Basically today. 9 00:00:26,026 --> 00:00:28,293 I recently reunited with my friend, 10 00:00:28,362 --> 00:00:29,895 Investor, peter duke. 11 00:00:29,897 --> 00:00:31,864 Oh yeah, I can see a duck right there in the roof. 12 00:00:31,866 --> 00:00:32,730 That's money, dude! 13 00:00:32,733 --> 00:00:34,400 This guy's all gas, no brakes! 14 00:00:34,468 --> 00:00:36,835 There's a jack and jill bathroom in this house! 15 00:00:36,903 --> 00:00:39,604 [keith] and along with design specialist, alynne cordray... 16 00:00:39,673 --> 00:00:41,874 This room is great. I see an opportunity here. 17 00:00:41,876 --> 00:00:43,308 Is somebody living here? 18 00:00:44,411 --> 00:00:46,678 -Holy [bleep]. -...We're hunting down 19 00:00:46,747 --> 00:00:48,480 Dilapidated homes in the orlando area, 20 00:00:48,549 --> 00:00:50,082 And restoring them to their old glory. 21 00:00:50,150 --> 00:00:52,350 -[smashing] -it's a dirty business... 22 00:00:52,419 --> 00:00:54,720 -Whoa! -...But we make it look good. 23 00:00:54,722 --> 00:00:56,688 That's gonna add, like, $25,000 24 00:00:56,756 --> 00:00:59,057 -To the value of this house. -Surprise! 25 00:00:59,126 --> 00:01:01,593 [keith] this is zombie house flipping, orlando. 26 00:01:03,464 --> 00:01:06,465 [upbeat pop music] 27 00:01:14,007 --> 00:01:15,908 -I love the chips at this place. -Oh, yeah. 28 00:01:16,977 --> 00:01:19,078 So, what's up? What's the meeting about? 29 00:01:19,080 --> 00:01:20,979 You were a little cagey on the phone. 30 00:01:20,981 --> 00:01:22,680 Well, you know, octavian, our friend, 31 00:01:22,750 --> 00:01:24,249 He does all of our real estate pictures 32 00:01:24,318 --> 00:01:26,118 For our listings and that, right? 33 00:01:26,120 --> 00:01:27,986 He's starting to flip houses on the side. 34 00:01:28,121 --> 00:01:29,721 Oh, I didn't know that. Okay, cool. 35 00:01:29,723 --> 00:01:32,057 I did some plans for him for a triplex. 36 00:01:32,059 --> 00:01:34,092 -[keith] okay. Yeah. -He started the renovation, 37 00:01:34,094 --> 00:01:35,861 And he's a little bit over his head. 38 00:01:35,863 --> 00:01:38,664 And he reached out to me, and he's asking for some help. 39 00:01:38,798 --> 00:01:40,064 He actually wants to know 40 00:01:40,066 --> 00:01:41,600 If we'll partner with him on the house. 41 00:01:41,602 --> 00:01:43,668 We pay for, and complete the reno, 42 00:01:43,737 --> 00:01:46,671 And we split 50% of the profit after it sells. 43 00:01:47,141 --> 00:01:48,607 He's already started this project. 44 00:01:48,609 --> 00:01:50,609 Yeah. He wants us to put up the money 45 00:01:50,677 --> 00:01:52,678 For the renovation, and the time. 46 00:01:52,746 --> 00:01:55,314 So, basically, he's gotten himself in trouble, 47 00:01:55,316 --> 00:01:57,715 And he's looking for some assistance, or something? 48 00:01:57,785 --> 00:01:58,783 And he's done some demo. 49 00:01:58,852 --> 00:02:00,119 [keith] what's the layout of it? 50 00:02:00,121 --> 00:02:01,787 [alynne] so, it's a duplex out front, 51 00:02:01,789 --> 00:02:03,588 And then it's got another unit in the back. 52 00:02:03,657 --> 00:02:05,657 [keith] okay. What do you think the exit is? 53 00:02:05,726 --> 00:02:07,893 If we sell it, what do you think it's gonna get me? 54 00:02:07,961 --> 00:02:09,628 Well, he bought it for 320,000. 55 00:02:09,763 --> 00:02:11,830 Since it's a triplex, and one of the only ones 56 00:02:11,898 --> 00:02:13,565 That was grandfathered into the city, 57 00:02:13,567 --> 00:02:15,233 It's actually a great investment for him, 58 00:02:15,302 --> 00:02:16,568 If he can get it flipped. 59 00:02:16,637 --> 00:02:18,236 A triplex is a great investment, 60 00:02:18,238 --> 00:02:20,105 Because potential buyers like properties 61 00:02:20,107 --> 00:02:21,439 That generate rental income. 62 00:02:21,508 --> 00:02:23,642 So, he bought it for 320,000, 63 00:02:23,644 --> 00:02:26,378 And he thinks he can get 900,000 for it. 64 00:02:26,380 --> 00:02:28,313 -It's a high rent area, too. -Okay. 65 00:02:28,382 --> 00:02:29,681 -Now you have my attention. -Right? 66 00:02:29,750 --> 00:02:32,984 And what's a reasonable renovation budget 67 00:02:32,986 --> 00:02:34,853 For the whole project? 68 00:02:34,922 --> 00:02:36,588 [alynne] probably around 300k. 69 00:02:36,723 --> 00:02:39,224 -300,000? This is a rental! -Yeah, it's three units. 70 00:02:39,293 --> 00:02:40,659 The renovation budget is so high, 71 00:02:40,794 --> 00:02:42,027 Because it is three units. 72 00:02:42,162 --> 00:02:43,895 Could make a lot of money on this project. 73 00:02:43,897 --> 00:02:45,931 More importantly, if this thing's already secured, 74 00:02:45,999 --> 00:02:47,265 And in a great part of town, 75 00:02:47,334 --> 00:02:48,867 You know it's gonna sell quickly. 76 00:02:49,002 --> 00:02:51,203 [alynne] well, one caveat of this co-investment, 77 00:02:51,271 --> 00:02:53,738 Is that octavian wants to be very involved. 78 00:02:53,874 --> 00:02:55,474 He has a vision for this triplex. 79 00:02:57,878 --> 00:03:01,413 [upbeat rock music] 80 00:03:04,485 --> 00:03:08,954 Duke, octavian makes you look like me, 81 00:03:09,022 --> 00:03:10,822 When it comes to perfectionism. 82 00:03:10,824 --> 00:03:12,624 Oh, hell, no. 83 00:03:12,759 --> 00:03:14,426 He over-engineers everything. 84 00:03:14,561 --> 00:03:16,028 Like, the studio he built, 85 00:03:16,497 --> 00:03:18,830 It's, like, fireproof, bulletproof, soundproof, 86 00:03:18,832 --> 00:03:21,099 Every kind of proof there is, so I'm actually 87 00:03:21,101 --> 00:03:23,168 Apprehensive about what that means on a house. 88 00:03:23,170 --> 00:03:25,370 And we're gonna step into his shoes for three months, 89 00:03:25,372 --> 00:03:27,038 And finish a job he started? 90 00:03:27,040 --> 00:03:29,775 Well, I think he's probably gonna be in and out, 91 00:03:29,777 --> 00:03:32,110 I don't think he's gonna be disappeared for three moths. 92 00:03:32,179 --> 00:03:34,312 So, he's gonna look over our shoulder for three months, 93 00:03:34,381 --> 00:03:35,914 -While we do... -[laughter] 94 00:03:35,982 --> 00:03:38,116 ...Perfectionist work in this house. 95 00:03:38,185 --> 00:03:39,518 You don't find that appealing? 96 00:03:40,788 --> 00:03:42,520 What a beautiful neighborhood. 97 00:03:42,589 --> 00:03:45,624 [alynne] remember, delaney park is all single-family homes. 98 00:03:45,759 --> 00:03:48,593 We're on our way to see one of the only triplexes in the area. 99 00:03:48,996 --> 00:03:51,396 [duke] delaney park is so nice and so cozy. 100 00:03:51,465 --> 00:03:53,265 It's all embraced with these beautiful, like, 101 00:03:53,333 --> 00:03:55,267 Old growth oak trees. 102 00:03:55,335 --> 00:03:56,835 These places, here, are a goldmine, 103 00:03:58,105 --> 00:04:00,672 [keith] this triplex is located in delaney park, 104 00:04:00,741 --> 00:04:03,542 One of orlando's historic downtown neighborhoods. 105 00:04:03,544 --> 00:04:06,010 A triplex in this neighborhood is unheard of. 106 00:04:06,013 --> 00:04:08,146 This is an area of single-family homes, 107 00:04:08,148 --> 00:04:10,749 That would typically sell for around $400,000 108 00:04:10,884 --> 00:04:12,417 If they're fixed up. 109 00:04:12,419 --> 00:04:13,918 A triplex in this neighborhood 110 00:04:13,987 --> 00:04:17,155 Is gonna cost more to fix up, but once it's fixed up, 111 00:04:17,157 --> 00:04:19,358 The arv is gonna be a lot more, too. 112 00:04:20,093 --> 00:04:23,094 Living in this area offers a dense, suburban feel, 113 00:04:23,097 --> 00:04:24,563 But there are also lots of bars, 114 00:04:24,631 --> 00:04:26,297 Restaurants and coffee shops. 115 00:04:26,367 --> 00:04:28,333 Many young professionals live in the area, 116 00:04:28,335 --> 00:04:30,001 And the public schools are highly rated, 117 00:04:30,003 --> 00:04:31,336 So it's great for families. 118 00:04:32,573 --> 00:04:34,439 Wait, this is the address. 119 00:04:34,508 --> 00:04:36,041 [duke] that can't be the house. 120 00:04:36,844 --> 00:04:39,211 Oh, [bleep]! 121 00:04:40,714 --> 00:04:42,313 Are you kidding me? That's a... 122 00:04:42,383 --> 00:04:43,615 That thing's a skeleton! 123 00:04:43,684 --> 00:04:45,117 That thing is completely gutted. 124 00:04:45,185 --> 00:04:46,985 -This is the project? -[alynne chuckles] 125 00:04:47,120 --> 00:04:48,520 It's got a tarp for a roof! 126 00:04:49,456 --> 00:04:51,156 This thing isn't even done with framing. 127 00:04:51,158 --> 00:04:52,724 [keith] he took all the studs away. 128 00:04:53,193 --> 00:04:54,793 There's no front of the house. 129 00:04:55,462 --> 00:04:57,729 -This is... -This is a half-plex. 130 00:04:58,399 --> 00:05:01,199 [keith] this triplex was built in 1947. 131 00:05:01,268 --> 00:05:02,834 It has two apartments in the front, 132 00:05:02,836 --> 00:05:05,003 And a larger apartment in the back. 133 00:05:05,005 --> 00:05:07,873 Each unit is a one-bedroom, one-bathroom. 134 00:05:07,875 --> 00:05:10,509 The two front units are 680sqft, 135 00:05:10,643 --> 00:05:12,911 And the back unit is 1050sqft. 136 00:05:14,715 --> 00:05:16,214 Octavian... 137 00:05:16,216 --> 00:05:17,749 -Keith, man. -Hey, buddy. 138 00:05:18,351 --> 00:05:20,585 -Thanks for coming. -What did... What did you do? 139 00:05:20,720 --> 00:05:22,387 There were front doors before. 140 00:05:22,456 --> 00:05:24,456 -[keith chuckles] -but if you look, there were... 141 00:05:24,524 --> 00:05:27,358 There were termite-filled front doors, front walls, 142 00:05:27,428 --> 00:05:29,961 Side walls, everything was termite infested. 143 00:05:30,029 --> 00:05:31,429 Literally, if you take a hammer... 144 00:05:31,998 --> 00:05:33,765 -You got a hammer here? -You happen to have one? 145 00:05:33,833 --> 00:05:35,500 You touch pretty much any piece of wood, 146 00:05:35,502 --> 00:05:36,968 You hear, "shoosh". 147 00:05:36,970 --> 00:05:38,570 Literally, the whole house, 148 00:05:38,638 --> 00:05:41,239 With the exception of the rafters 149 00:05:41,307 --> 00:05:43,975 And the ceiling joists, were garbage. 150 00:05:44,644 --> 00:05:46,511 Everybody asks, "why didn't you tear it down?" 151 00:05:46,513 --> 00:05:48,646 "why didn't you tear it down?" this is a triplex, 152 00:05:48,648 --> 00:05:50,181 With three separate electrical meters, 153 00:05:50,317 --> 00:05:52,384 Three separate water meters, and the city 154 00:05:52,519 --> 00:05:54,920 Will only allow me... If I tore it down, 155 00:05:54,922 --> 00:05:57,322 -I can only have two. -That's the reason, right there. 156 00:05:57,324 --> 00:05:59,391 -That's a massive reason. -Yeah, I got it. 157 00:05:59,393 --> 00:06:01,626 The reason octavian didn't tear these units down 158 00:06:01,628 --> 00:06:03,995 In the first place, is because, if he did, 159 00:06:04,063 --> 00:06:05,830 The city, because of zoning rules, 160 00:06:05,832 --> 00:06:07,498 Would only allow him to build two units, 161 00:06:07,568 --> 00:06:08,933 Where there are presently three. 162 00:06:09,335 --> 00:06:11,202 But, because there are presently three, 163 00:06:11,271 --> 00:06:14,072 With three electric meters, he's grandfathered in, 164 00:06:14,074 --> 00:06:16,675 And that means you get to kinda keep what you already have, 165 00:06:16,743 --> 00:06:18,443 As long as you're rebuilding it. 166 00:06:18,511 --> 00:06:21,146 That's smarter, and it's better for our bottom line. 167 00:06:21,148 --> 00:06:23,347 -If it goes back to a duplex... -Whoa, whoa, whoa. 168 00:06:23,349 --> 00:06:24,749 Don't lean on this too much, 169 00:06:24,818 --> 00:06:26,985 'cause literally, this is holding up the whole house. 170 00:06:27,053 --> 00:06:28,820 -Oh, that's safe. -This, and literally, 171 00:06:28,889 --> 00:06:30,955 All the makeshift, uh... 172 00:06:31,024 --> 00:06:34,392 -[keith] the entire... Wait. -The whole house is on stilts, 173 00:06:34,394 --> 00:06:38,163 'cause we literally replaced all of the rim beam. 174 00:06:38,165 --> 00:06:40,265 These 2x6s are hol... 'cause the whole house... 175 00:06:40,400 --> 00:06:42,500 If you look from the other side it doesn't look as bad, 176 00:06:42,569 --> 00:06:44,269 But yeah, literally, the whole house is... 177 00:06:44,337 --> 00:06:46,471 [duke] there's a little cripple the whole way down, 178 00:06:46,540 --> 00:06:47,873 All the studs are nailed to. 179 00:06:47,941 --> 00:06:49,374 -The house was floating? -Uh-huh. 180 00:06:50,043 --> 00:06:52,710 This zombie is actually worse than it looks. 181 00:06:52,712 --> 00:06:55,947 Termites took this place totally down from the inside-out, 182 00:06:56,082 --> 00:06:58,316 And now, it has to be completely reframed. 183 00:06:58,385 --> 00:07:00,318 I can see why octavian needs our help, though. 184 00:07:00,387 --> 00:07:02,520 This is a huge financial undertaking. 185 00:07:02,589 --> 00:07:04,256 We gotta get down to brass tax, 186 00:07:04,324 --> 00:07:06,324 And see if everything he wants us to do 187 00:07:06,392 --> 00:07:07,959 Is gonna be worth it financially. 188 00:07:09,897 --> 00:07:11,696 This is nice for your handrails. 189 00:07:11,698 --> 00:07:12,864 [octavian] yeah. 190 00:07:12,866 --> 00:07:14,065 This is brand new. 191 00:07:14,134 --> 00:07:16,601 -I mean, all brand new wood. -[knocking] 192 00:07:16,670 --> 00:07:19,504 It's all... You... That's old? 193 00:07:19,572 --> 00:07:21,239 [octavian] [chuckles] this is old, yeah. 194 00:07:21,241 --> 00:07:23,408 And you put an entirely brand new structure 195 00:07:23,476 --> 00:07:25,076 -Underneath it, holding it up? -Yeah. 196 00:07:25,145 --> 00:07:27,312 [keith] this triplex needs everything. 197 00:07:27,314 --> 00:07:29,281 I mean, we're talking roof, plumbing, electric, 198 00:07:29,349 --> 00:07:31,316 Air conditioning, walls, floors, kitchen, 199 00:07:31,384 --> 00:07:32,650 Bathrooms, you name it. 200 00:07:32,719 --> 00:07:35,453 Octavian, so this is all really amazing, 201 00:07:35,455 --> 00:07:37,088 But what's the situation. 202 00:07:37,156 --> 00:07:38,857 I need somebody to partner with, 203 00:07:38,859 --> 00:07:41,159 In order to see it through to the finish, 204 00:07:41,228 --> 00:07:45,897 And then also continue the standard of excellence. 205 00:07:45,899 --> 00:07:47,766 -[chuckles] -right! [chuckles] 206 00:07:47,768 --> 00:07:49,767 Alynne's told us, that if we do this deal, 207 00:07:49,836 --> 00:07:52,770 Octavian is still gonna want to be very involved. 208 00:07:53,172 --> 00:07:54,372 And I don't mind that, 209 00:07:54,374 --> 00:07:56,308 Because he has a vision for this project, 210 00:07:56,310 --> 00:07:57,776 And I think his input is actually 211 00:07:57,778 --> 00:07:59,244 Gonna be pretty helpful. 212 00:07:59,312 --> 00:08:02,713 Also, he has a relationship with the city on this project, 213 00:08:02,783 --> 00:08:04,115 And that should help out. 214 00:08:04,651 --> 00:08:07,051 We have to figure out, like, a value, there. 215 00:08:07,054 --> 00:08:08,787 Like, what we would get out of it. 216 00:08:08,922 --> 00:08:10,388 [duke] I think, with renovations, 217 00:08:10,390 --> 00:08:13,124 We're looking at a total cost of around 300k. 218 00:08:13,126 --> 00:08:16,261 We need to walk away with at least a 70k profit. 219 00:08:16,396 --> 00:08:17,995 -Alright. -You got it, man 220 00:08:18,065 --> 00:08:19,463 Thanks so much, man. 221 00:08:19,533 --> 00:08:21,399 -[laughs] -hey! 222 00:08:21,467 --> 00:08:22,867 [keith] after seeing this place, 223 00:08:22,936 --> 00:08:25,203 And understanding what octavian has in mind for it, 224 00:08:25,205 --> 00:08:28,006 I think we're looking at $300,000 for renovations. 225 00:08:28,475 --> 00:08:30,942 Now, that's a lot more than I'm comfortable with, 226 00:08:31,011 --> 00:08:34,779 But in this case, I think it might be necessary. 227 00:08:34,781 --> 00:08:38,549 Octavian bought this triplex for $320,000, 228 00:08:38,551 --> 00:08:40,218 Which is pretty much the same price 229 00:08:40,220 --> 00:08:42,220 As a single-family home in the area. 230 00:08:42,222 --> 00:08:45,089 He's now telling us the total renovation cost 231 00:08:45,158 --> 00:08:48,326 Will be about $310,500. 232 00:08:49,162 --> 00:08:51,596 After adding up closing fees and the loan interest, 233 00:08:51,664 --> 00:08:55,266 We're looking at a total of $688,060 234 00:08:55,268 --> 00:08:56,901 That we're expecting to spend. 235 00:08:56,903 --> 00:08:59,304 So, it's important to stick to our budget. 236 00:08:59,306 --> 00:09:02,173 We did the comps, and we're expecting to sell this triplex 237 00:09:02,175 --> 00:09:04,709 For about $899,000, 238 00:09:04,711 --> 00:09:09,180 Yielding a total profit of $210,940, 239 00:09:09,182 --> 00:09:12,083 Which we're planning on splitting 50/50 with octavian. 240 00:09:13,320 --> 00:09:15,320 First, we'll be putting up all new framing, 241 00:09:15,388 --> 00:09:17,388 With room for the oversize windows 242 00:09:17,390 --> 00:09:18,723 At the front of each unit. 243 00:09:19,659 --> 00:09:22,794 Each unit will also have a roll of mass-loaded vinyl 244 00:09:22,862 --> 00:09:24,929 That'll soundproof each one from the other. 245 00:09:25,398 --> 00:09:27,332 And since this is an open floorplan, 246 00:09:27,400 --> 00:09:28,866 We'll create an l-shaped kitchen 247 00:09:28,935 --> 00:09:30,735 That'll open up into a living room. 248 00:09:31,071 --> 00:09:33,738 Finally, we'll be building entirely new bedrooms, 249 00:09:33,807 --> 00:09:36,975 With oversize windows that let in lots of natural light. 250 00:09:40,280 --> 00:09:43,081 The first thing we have to do is reframe everything. 251 00:09:43,784 --> 00:09:46,418 We're scrapping all the old rotten wood and boards, 252 00:09:46,420 --> 00:09:47,919 And replacing them with new lumber, 253 00:09:47,921 --> 00:09:49,621 That's getting placed into the new layout 254 00:09:49,623 --> 00:09:50,922 We have for these apartments. 255 00:09:51,958 --> 00:09:53,157 Once that's done, 256 00:09:53,226 --> 00:09:54,892 We're installing hurricane straps, 257 00:09:54,895 --> 00:09:56,094 And a lot of them. 258 00:09:56,162 --> 00:09:57,562 Now, these are special fasteners 259 00:09:57,631 --> 00:09:59,097 That tie the roof to the wall, 260 00:09:59,232 --> 00:10:00,832 And give the house added stability 261 00:10:00,834 --> 00:10:02,233 In the event of a hurricane. 262 00:10:03,102 --> 00:10:05,103 Next, we're replacing all the old 263 00:10:05,105 --> 00:10:07,606 And damaged roof rafters. At the end of the day, 264 00:10:07,674 --> 00:10:09,440 This is gonna be an entirely new building 265 00:10:09,509 --> 00:10:10,475 From the ground up. 266 00:10:10,844 --> 00:10:13,678 [upbeat music] 267 00:10:13,747 --> 00:10:15,680 The crew's installing the side sheathing, 268 00:10:15,682 --> 00:10:17,248 In order to strengthen the walls, 269 00:10:17,250 --> 00:10:21,052 And close the property in for security. 270 00:10:21,054 --> 00:10:23,922 We've also been able to build a new roof, with new shingles, 271 00:10:23,990 --> 00:10:25,890 And even started the porch framing. 272 00:10:26,793 --> 00:10:29,094 The porch frame's made out of pressure-treated wood, 273 00:10:29,096 --> 00:10:31,496 To make sure that it doesn't buckle in the florida humidity, 274 00:10:31,564 --> 00:10:33,864 And it can withstand all the wood-destroying organisms 275 00:10:33,934 --> 00:10:34,799 That we have. 276 00:10:35,635 --> 00:10:38,436 So far, we've spent 30,000 on framing, 277 00:10:38,505 --> 00:10:40,505 12 grand on walls and sheathing, 278 00:10:40,573 --> 00:10:42,874 And god knows how much on hurricane strapping. 279 00:10:42,942 --> 00:10:44,976 [lively music] 280 00:10:51,918 --> 00:10:54,085 [alynne] so, you're just gonna connect this thing, 281 00:10:54,153 --> 00:10:55,453 And then pull it with your truck. 282 00:10:55,522 --> 00:10:57,555 -[keith] yeah! -This is all you. 283 00:10:57,623 --> 00:10:59,557 -This is all me, okay. -Yeah. 284 00:10:59,626 --> 00:11:01,159 [keith] in front of the third unit 285 00:11:01,227 --> 00:11:02,761 Is this really ugly column. 286 00:11:02,763 --> 00:11:04,562 It's gotta go. We've gotta take it out, 287 00:11:04,631 --> 00:11:06,598 And make room for the new porch supports. 288 00:11:09,669 --> 00:11:11,436 Alright, stand clear, now. 289 00:11:11,838 --> 00:11:14,739 My truck has taken down way heavier cement blocks 290 00:11:14,741 --> 00:11:16,074 That that flimsy little column. 291 00:11:20,347 --> 00:11:21,980 Alright, let's see what happens. 292 00:11:21,982 --> 00:11:23,615 [engine starts] 293 00:11:24,751 --> 00:11:26,451 [engine rumbles] 294 00:11:26,453 --> 00:11:27,318 Oh, [bleep]. 295 00:11:29,389 --> 00:11:31,322 -Come on! -Oh! 296 00:11:32,391 --> 00:11:33,992 -Yeah! [chuckles] -yeah! 297 00:11:33,994 --> 00:11:35,826 -[alynne] there you go. -That's awesome! 298 00:11:35,828 --> 00:11:37,962 [keith] and now, we don't have to deal with it anymore. 299 00:11:39,765 --> 00:11:41,432 To kick things off in the backyard, 300 00:11:41,434 --> 00:11:43,268 We're getting a lot of baseline work done, 301 00:11:43,336 --> 00:11:45,403 Such as digging a new trench for electrical, 302 00:11:45,405 --> 00:11:47,405 Tearing down that unsightly carport, 303 00:11:47,407 --> 00:11:49,607 And ripping out the old driveway paving. 304 00:11:49,609 --> 00:11:51,676 Our tree guys are giving these big branches 305 00:11:51,745 --> 00:11:53,578 A little trim, to make things ship-shape. 306 00:11:53,580 --> 00:11:54,879 [chainsaw buzzes] 307 00:11:54,947 --> 00:11:57,081 This'll give us a nice jumping-off point 308 00:11:57,150 --> 00:11:59,016 To really do some cool stuff with the yard 309 00:11:59,019 --> 00:11:59,918 And the landscaping. 310 00:12:02,389 --> 00:12:05,457 [funky music] 311 00:12:13,633 --> 00:12:16,200 [dial tone] 312 00:12:16,269 --> 00:12:17,434 -[keith] hey. -Hey, 313 00:12:17,504 --> 00:12:18,770 Have you heard about the storm? 314 00:12:18,838 --> 00:12:20,504 Like, it totally changed directions. 315 00:12:20,574 --> 00:12:23,174 It shifted course, yeah, no, I heard about that. 316 00:12:23,176 --> 00:12:25,043 No, it's heading directly for us. 317 00:12:25,045 --> 00:12:26,377 I'm looking outside, 318 00:12:26,446 --> 00:12:28,045 And this just doesn't look good at all. 319 00:12:28,114 --> 00:12:30,248 But, I have no time to make it to palmer. 320 00:12:30,316 --> 00:12:31,783 I have got to get to my house, 321 00:12:31,918 --> 00:12:34,385 Because I am so unprepared for this. 322 00:12:34,520 --> 00:12:36,787 I've got palmer covered, I'm gonna head over there, 323 00:12:36,857 --> 00:12:38,389 Make sure... Get the walls up, 324 00:12:38,524 --> 00:12:40,591 Make sure all the hurricane straps are in place. 325 00:12:40,660 --> 00:12:42,393 Obviously, there's a huge risk there 326 00:12:42,462 --> 00:12:43,695 If we don't get the walls up. 327 00:12:44,864 --> 00:12:47,665 Yeah, that is the property that I'm worried about. 328 00:12:47,667 --> 00:12:49,733 It's our most exposed property, 329 00:12:49,736 --> 00:12:51,736 And it's the one that we have the most to lose 330 00:12:51,805 --> 00:12:54,472 If we have any damage, because if the city comes by 331 00:12:54,474 --> 00:12:57,609 After the storm, and some of those walls are down, 332 00:12:57,677 --> 00:12:59,743 They might not even let us build back the unit 333 00:12:59,745 --> 00:13:01,012 They grandfathered in. 334 00:13:01,014 --> 00:13:02,680 Well, I mean, there's a possibility 335 00:13:02,749 --> 00:13:04,749 There wouldn't be anything left to grandfather in, 336 00:13:04,817 --> 00:13:07,018 So no, I'm 100% with you. 337 00:13:07,020 --> 00:13:08,620 Listen, I'm gonna head over there now, 338 00:13:08,622 --> 00:13:10,087 And check on the state of things, 339 00:13:10,156 --> 00:13:11,956 And I'll get back with you, uh... 340 00:13:11,958 --> 00:13:13,825 Okay, well, I got kion coming there, 341 00:13:13,827 --> 00:13:15,426 And we're gonna do the best we can, 342 00:13:15,428 --> 00:13:16,961 But this is so unexpected. 343 00:13:17,030 --> 00:13:18,829 So, thank you for going to look at that, 344 00:13:18,899 --> 00:13:20,631 And let's just cross our fingers here, 345 00:13:20,700 --> 00:13:22,433 -And maybe pray. -Talk to you later. 346 00:13:22,502 --> 00:13:23,535 Okay, bye. 347 00:13:25,238 --> 00:13:27,572 [rock music] 348 00:13:30,043 --> 00:13:33,110 [keith] we had the triplex all buttoned up for the storm, 349 00:13:33,112 --> 00:13:35,713 But I'm still kind of anxious to see how palmer fared. 350 00:13:35,715 --> 00:13:38,182 Flooding and roof damage can be costly to fix. 351 00:13:38,318 --> 00:13:40,318 We just spent thousands of dollars 352 00:13:40,386 --> 00:13:42,320 On roofing and hurricane strapping. 353 00:13:42,322 --> 00:13:44,889 So, we're meeting with octavian to assess the units. 354 00:13:46,193 --> 00:13:47,792 -Octavian, hey! -[octavian] hey! 355 00:13:47,861 --> 00:13:49,460 [laughter] 356 00:13:49,863 --> 00:13:51,996 -It's still here? -Yeah, dude, thank god, right? 357 00:13:51,998 --> 00:13:53,598 Of all the houses that we have underway, 358 00:13:53,666 --> 00:13:55,166 This is the one I was worried about. 359 00:13:55,168 --> 00:13:57,001 Luckily, all the sheathing was up. 360 00:13:57,070 --> 00:13:58,603 I mean, we just cut the window opening, 361 00:13:58,671 --> 00:14:00,138 So, you know, it was a big box. 362 00:14:00,140 --> 00:14:02,073 [keith] I guess all the extra metal you insisted on 363 00:14:02,141 --> 00:14:03,474 For the strapping... 364 00:14:03,476 --> 00:14:05,276 -Yeah, I think it's literally... -...Worked. 365 00:14:05,345 --> 00:14:07,078 ...A thousand hurricane ties on this thing. 366 00:14:07,146 --> 00:14:08,813 -[keith] a thousand? -This house is going, 367 00:14:08,881 --> 00:14:10,081 -"what hurricane?" -[laughter] 368 00:14:10,149 --> 00:14:11,916 So, yeah, made it through, 369 00:14:11,985 --> 00:14:14,419 And all the extra stuff we did paid off. 370 00:14:14,421 --> 00:14:15,819 Yeah, and even the roof, you know, 371 00:14:15,889 --> 00:14:17,722 Instead of using the regular felt paper, 372 00:14:17,790 --> 00:14:19,823 We used a peel and stick, and there was just, like, 373 00:14:19,825 --> 00:14:22,826 A couple spots where it flapped open, 374 00:14:22,896 --> 00:14:25,296 But other than that, it held super tight. 375 00:14:25,298 --> 00:14:26,764 Can't wait to get on to the rest of it, 376 00:14:26,833 --> 00:14:27,999 But it's coming quick. 377 00:14:28,702 --> 00:14:30,435 We are so lucky this place 378 00:14:30,437 --> 00:14:32,036 Didn't suffer any hurricane damage. 379 00:14:32,505 --> 00:14:34,305 Looks like octavian's extra precautions 380 00:14:34,374 --> 00:14:35,406 Are paying off. 381 00:14:37,710 --> 00:14:39,644 [rock music] 382 00:14:44,183 --> 00:14:46,584 -Hey, good morning, alynne. -[alynne] good morning. 383 00:14:46,719 --> 00:14:48,719 I'm just getting a bit of a later start 384 00:14:48,788 --> 00:14:50,455 Than I'd hoped, but I wanted to check in, 385 00:14:50,457 --> 00:14:52,590 -See how things are going there. -It's moving along. 386 00:14:52,592 --> 00:14:55,359 I know our initial budget on that project was 300k, 387 00:14:55,428 --> 00:14:57,995 But I wanna make sure we don't get bogged down 388 00:14:58,064 --> 00:14:59,964 With these details, 'cause I know octavian 389 00:14:59,966 --> 00:15:02,266 Really has a high standard for what he wants there, 390 00:15:02,268 --> 00:15:05,203 But as, sort of, a neophyte investor, 391 00:15:05,271 --> 00:15:06,871 I don't want him to get too carried away 392 00:15:06,873 --> 00:15:08,205 With ideas he's in love with, 393 00:15:08,274 --> 00:15:10,674 That are just gonna eat into the bottom line. 394 00:15:10,744 --> 00:15:12,176 In a best-case scenario, 395 00:15:12,178 --> 00:15:13,945 The path is clear for a win in this deal. 396 00:15:13,947 --> 00:15:16,547 I just wanna make sure that we kinda steer him away 397 00:15:16,616 --> 00:15:20,351 From any of those worse choices, that might burn up time 398 00:15:20,419 --> 00:15:22,220 And money, and not get us done in time. 399 00:15:22,222 --> 00:15:24,555 I'll definitely do my best to steer him away, 400 00:15:24,557 --> 00:15:26,858 Against traditional upgrades. 401 00:15:26,926 --> 00:15:29,360 Okay, well, anything you need, I'm just a phone away, 402 00:15:29,429 --> 00:15:31,029 So let me know, okay? 403 00:15:31,163 --> 00:15:33,765 -Okay, sounds good. -Alrighty, thanks, alynne. 404 00:15:33,833 --> 00:15:35,867 [upbeat music] 405 00:15:37,437 --> 00:15:39,303 [alynne] the crew are continuing their focus 406 00:15:39,439 --> 00:15:40,571 On finishing the walls. 407 00:15:44,077 --> 00:15:45,909 They installed a mass-loaded vinyl, 408 00:15:45,979 --> 00:15:47,979 Which will help soundproof all of the units. 409 00:15:48,047 --> 00:15:49,480 [drill whirs] 410 00:15:51,584 --> 00:15:53,917 Then a mineral wall on the exterior sides, 411 00:15:53,987 --> 00:15:56,120 That will prevent pests from getting inside. 412 00:15:59,225 --> 00:16:01,592 Finally, they'll get the insulation in place, 413 00:16:01,660 --> 00:16:03,428 To bolster the walls in each room. 414 00:16:05,598 --> 00:16:07,398 -[keith] hey, there! -[alynne] hey! 415 00:16:07,467 --> 00:16:08,933 How you doing this fine morning? 416 00:16:09,002 --> 00:16:10,267 Good. 417 00:16:10,336 --> 00:16:12,403 Got a flooring sample, 418 00:16:12,471 --> 00:16:13,871 So we can see it in our space. 419 00:16:13,873 --> 00:16:16,140 -Okay, I can't wait. -Yeah! 420 00:16:16,142 --> 00:16:17,942 [alynne] I've got some floor samples today, 421 00:16:17,944 --> 00:16:19,443 So me and keith are going to measure, 422 00:16:19,512 --> 00:16:20,845 And see how many boxes we need. 423 00:16:20,847 --> 00:16:22,547 More importantly, we need to figure out 424 00:16:22,549 --> 00:16:23,481 If we can stay on budget. 425 00:16:25,718 --> 00:16:27,785 It's 25ft exactly. 426 00:16:28,088 --> 00:16:30,455 -That's what the plans say. -[chuckles] alright. 427 00:16:30,457 --> 00:16:31,789 And let's check out the width. 428 00:16:34,226 --> 00:16:37,028 -163? Yeah? Okay. -Yeah. 429 00:16:37,163 --> 00:16:39,630 So, we're... I mean, we're fully on point. 430 00:16:39,698 --> 00:16:41,899 I just wanted to make sure we weren't off by a little bit. 431 00:16:42,035 --> 00:16:44,535 -So, 680sqft per unit. -Right. 432 00:16:44,604 --> 00:16:47,104 So, that's 1,360sqft... 433 00:16:47,173 --> 00:16:49,073 -Right. -...Between both sides. 434 00:16:49,141 --> 00:16:50,908 But, we still have the other unit out back, 435 00:16:51,043 --> 00:16:52,509 That's 1,050sqft. 436 00:16:52,511 --> 00:16:55,446 So, we're talking 2,410. 437 00:16:55,515 --> 00:16:58,115 The material is gonna be around $4 for... 438 00:16:58,585 --> 00:16:59,850 -$4 a foot? -Yeah. 439 00:16:59,853 --> 00:17:03,053 And then, probably, another $3 to install. 440 00:17:03,056 --> 00:17:04,121 That's $7. 441 00:17:04,190 --> 00:17:05,656 So, we're talking around 15 grand. 442 00:17:05,658 --> 00:17:07,258 What does that work out to be? 443 00:17:07,260 --> 00:17:09,594 -16,870. [chuckles] -yeah. 444 00:17:09,662 --> 00:17:12,196 For the flooring and installation. 445 00:17:12,265 --> 00:17:15,466 17 grand is a lot for flooring a place like this. 446 00:17:16,202 --> 00:17:19,303 The truth is, I could use tile, but tile would clash 447 00:17:19,305 --> 00:17:21,005 With the upgraded windows we installed, 448 00:17:21,007 --> 00:17:23,274 And alynne's amazing kitchen design. 449 00:17:23,276 --> 00:17:26,744 So basically, it's a cost we can't afford not to spend. 450 00:17:27,713 --> 00:17:28,613 What is that? 451 00:17:29,749 --> 00:17:33,551 Is that fire-resistant foam around the fire blocking? 452 00:17:33,553 --> 00:17:37,155 It's just an additional fire-proofing step 453 00:17:37,157 --> 00:17:38,388 That we're taking. 454 00:17:38,390 --> 00:17:40,324 We're fire-proofing the fire-proofing? 455 00:17:40,326 --> 00:17:42,160 -Yeah. -What is that? 456 00:17:42,228 --> 00:17:44,027 [alynne] that's some putty pads. 457 00:17:44,029 --> 00:17:45,763 -For real? -Yeah! 458 00:17:45,832 --> 00:17:48,099 This is a fireproofing material. 459 00:17:48,234 --> 00:17:49,834 I've been doing this for almost 20 years, 460 00:17:49,836 --> 00:17:51,302 I've never even heard of that. 461 00:17:51,437 --> 00:17:54,038 -I'm following octavian's specs. -And wha-- 462 00:17:54,106 --> 00:17:55,606 That included this mineral wool. 463 00:17:56,675 --> 00:17:58,376 This stuff is a really cool product, 464 00:17:58,378 --> 00:18:00,144 And most people use it on the interior, 465 00:18:00,279 --> 00:18:01,846 But it can also be used on the exterior. 466 00:18:01,848 --> 00:18:04,082 And more expensive. Substantially more expensive. 467 00:18:05,384 --> 00:18:07,051 -Is that mass-loaded vinyl? -Yes. 468 00:18:07,053 --> 00:18:09,020 You're gonna be able to play music super loud 469 00:18:09,022 --> 00:18:11,788 In both of these units, and nobody's gonna hear them. 470 00:18:11,858 --> 00:18:12,757 Anywhere. 471 00:18:13,860 --> 00:18:15,426 Keith is getting a little freaked out 472 00:18:15,561 --> 00:18:16,760 Because of all the extras, 473 00:18:16,829 --> 00:18:18,462 But he really needs to see the big picture, 474 00:18:18,531 --> 00:18:19,931 And see that all these little extras 475 00:18:19,999 --> 00:18:21,632 Are gonna up the sale price. 476 00:18:21,701 --> 00:18:23,968 A lot of the nuances are things that are gonna 477 00:18:23,970 --> 00:18:25,403 Get covered up, buried, 478 00:18:25,471 --> 00:18:27,070 And we're not gonna be able to really 479 00:18:27,140 --> 00:18:28,339 Communicate that to a buyer. 480 00:18:28,341 --> 00:18:29,873 I think we're gonna get our money back 481 00:18:29,943 --> 00:18:31,341 On all the little things we've done. 482 00:18:31,411 --> 00:18:33,611 I don't think we'll come anywhere close to getting... 483 00:18:33,613 --> 00:18:36,114 How do you get your money back for putty... Putt... 484 00:18:36,182 --> 00:18:37,815 Plastic putty? Whatever. 485 00:18:37,884 --> 00:18:39,484 How do you get your money back for that? 486 00:18:43,489 --> 00:18:45,623 [keith] oh, god. I can't even believe this. 487 00:18:45,625 --> 00:18:49,260 I do have a concern it's gonna erode our profit on this, 488 00:18:49,262 --> 00:18:50,627 Because a lot of this stuff, 489 00:18:50,629 --> 00:18:54,031 You can't explain a lot of this to a buyer. 490 00:18:54,033 --> 00:18:57,635 Like, how do you explain that this cost, whatever, 491 00:18:57,637 --> 00:18:59,237 -1000 extra dollars... -Well... 492 00:18:59,239 --> 00:19:00,838 ...To put putty on all the outlets? 493 00:19:00,906 --> 00:19:02,573 But the bottom line is, is that this house 494 00:19:02,575 --> 00:19:04,842 Is gonna be energy efficient, I think it's gonna have 495 00:19:04,910 --> 00:19:06,944 A lot of features that you can actually recognize 496 00:19:07,012 --> 00:19:08,479 In your pocket for a buyer. 497 00:19:08,481 --> 00:19:11,949 The quality of the house overall should speak for itself, 498 00:19:11,951 --> 00:19:14,051 'cause you can't go to these lengths, 499 00:19:14,053 --> 00:19:17,188 And have it look like a run-of-the-mill spec home. 500 00:19:17,323 --> 00:19:19,290 Our intended buyer for this triplex 501 00:19:19,358 --> 00:19:21,659 Isn't the kind of buyer that we typically deal with. 502 00:19:22,094 --> 00:19:24,628 We normally only flip single-family homes. 503 00:19:25,231 --> 00:19:27,865 But with this being a triplex, it's gonna attract buyers 504 00:19:28,000 --> 00:19:29,800 Who are looking for an investment property 505 00:19:29,868 --> 00:19:31,535 That generates rental income, 506 00:19:31,537 --> 00:19:33,270 Meaning that we can get a lot more for it 507 00:19:33,272 --> 00:19:34,671 Than we would typically get. 508 00:19:34,741 --> 00:19:36,674 Alright, well, let's go check out that third unit. 509 00:19:37,143 --> 00:19:38,676 Octavian has some great ideas 510 00:19:38,744 --> 00:19:41,478 For turning this property into a luxury rental property, 511 00:19:41,547 --> 00:19:42,913 But it's also ambitious. 512 00:19:43,316 --> 00:19:44,915 Even though we've had a few surprises 513 00:19:44,984 --> 00:19:46,450 Come up so far in this flip, 514 00:19:46,452 --> 00:19:49,820 Like soundproofing the walls with mass-loaded vinyl, 515 00:19:49,822 --> 00:19:52,123 We're still on track to come in right on budget. 516 00:19:56,462 --> 00:19:58,829 [lively music] 517 00:19:58,898 --> 00:20:01,699 With the insulation and mass-loaded vinyl installed, 518 00:20:01,834 --> 00:20:03,333 It's time to get the new drywall up 519 00:20:03,336 --> 00:20:04,901 Throughout the house. 520 00:20:04,971 --> 00:20:06,904 After that's been mudded and prepped, 521 00:20:06,972 --> 00:20:09,507 A coat of white drywall sealer will tie things up 522 00:20:09,642 --> 00:20:11,642 Until we can decide on some paint colors. 523 00:20:12,044 --> 00:20:14,278 In the kitchen, we're adding clean white cabinets 524 00:20:14,347 --> 00:20:16,614 To match the modern, smart-home vibe 525 00:20:16,682 --> 00:20:17,748 Of this triplex. 526 00:20:17,817 --> 00:20:19,283 [drill whirs] 527 00:20:19,719 --> 00:20:21,385 And on the floors, we're laying down 528 00:20:21,454 --> 00:20:23,954 This blonde lvp to create a polished look, 529 00:20:23,956 --> 00:20:25,456 Without sacrificing durability. 530 00:20:29,996 --> 00:20:32,730 [rock music] 531 00:20:39,906 --> 00:20:41,872 -Hey. -Hey! 532 00:20:41,874 --> 00:20:44,141 -Alright, how you doing? -Good! 533 00:20:44,143 --> 00:20:45,810 -Cool. -Looks good. 534 00:20:45,878 --> 00:20:47,912 Yeah, no, the floor came out great. 535 00:20:47,980 --> 00:20:50,881 -It is a really nice, light... -Yeah! 536 00:20:50,950 --> 00:20:53,083 ...Almost like a scandinavian color. 537 00:20:53,152 --> 00:20:55,786 So, I think it's gonna really pop with these cabinets. 538 00:20:55,855 --> 00:20:58,555 Well, I think the finishes will appeal to everyone. 539 00:20:58,624 --> 00:21:01,224 This is gonna go with anybody's style, I think. 540 00:21:01,294 --> 00:21:02,626 Now, we can get this templated, 541 00:21:02,628 --> 00:21:04,161 And we can get all the trim done. 542 00:21:04,229 --> 00:21:05,763 For sure. Actually, speaking of trim, 543 00:21:05,831 --> 00:21:07,431 I got some questions about the outside. 544 00:21:07,433 --> 00:21:08,833 Take a look on here, on this side. 545 00:21:09,902 --> 00:21:12,102 Alright, so... 546 00:21:12,838 --> 00:21:14,639 You had mentioned about wanting to do 547 00:21:14,707 --> 00:21:16,374 Two different kinds of siding, right? 548 00:21:16,442 --> 00:21:19,577 Talking about, like, the panels? 549 00:21:19,645 --> 00:21:22,379 Like, the four-bay panels, and doing the boards 550 00:21:22,448 --> 00:21:24,548 Along the side, like, the cement boards. 551 00:21:24,683 --> 00:21:26,317 -It's all gonna be cement board. -Yeah. 552 00:21:26,385 --> 00:21:29,286 And at the top, we're just gonna do the 4x8 sheets, 553 00:21:29,288 --> 00:21:31,588 And then separate it with a horizontal line. 554 00:21:31,657 --> 00:21:33,657 And then, put all of the siding, 555 00:21:33,793 --> 00:21:35,526 Just how you do it, just horizontally. 556 00:21:35,528 --> 00:21:37,060 Do we have the colors picked out, yet? 557 00:21:37,130 --> 00:21:39,463 We don't, because over here, we're gonna have the trim, 558 00:21:39,532 --> 00:21:41,332 And then we're gonna put some stone up front. 559 00:21:41,334 --> 00:21:42,799 So, that's what we're waiting for, 560 00:21:42,869 --> 00:21:44,869 Is the... Once you have the stone picked out, 561 00:21:44,871 --> 00:21:47,138 That's gonna, kind of, inform the paint choice? 562 00:21:47,140 --> 00:21:48,806 Yeah, I'm gonna be looking for something, 563 00:21:48,874 --> 00:21:51,208 'cause I kinda have some ideas about how I wanna do this, 564 00:21:51,210 --> 00:21:52,743 But that stone choice is really gonna 565 00:21:52,812 --> 00:21:55,612 Be what makes me make my final decision. 566 00:21:55,615 --> 00:21:57,415 -Is that how designers work? -Well, yeah... 567 00:21:57,417 --> 00:21:59,550 You need one and then the... That's a designer thing? 568 00:21:59,618 --> 00:22:01,819 Uh, I call it "layering". You get one piece, 569 00:22:01,821 --> 00:22:03,487 And then you design around it. [chuckles] 570 00:22:03,556 --> 00:22:05,823 I've just been improvising all these years. Okay. 571 00:22:05,825 --> 00:22:07,858 -Design 101. -You may know this, 572 00:22:07,860 --> 00:22:08,993 But I didn't take design 101. 573 00:22:09,061 --> 00:22:10,427 Alright, I can buy into that. 574 00:22:10,429 --> 00:22:12,696 So then, the stone's gonna dye into the trim, 575 00:22:12,699 --> 00:22:15,232 And we need to know how much of a reveal to provide. 576 00:22:15,301 --> 00:22:17,701 I imagine we'll be able to get started on that pretty soon, 577 00:22:17,770 --> 00:22:19,403 -We're pretty well prepped. -Yeah, yeah. 578 00:22:19,471 --> 00:22:21,438 We just gotta measure and get our material here. 579 00:22:21,507 --> 00:22:23,507 Alright, alright, cool. Alright, I'm gonna go 580 00:22:23,509 --> 00:22:25,909 Finish up work inside, and I'll catch you later. 581 00:22:25,978 --> 00:22:27,444 I'm gonna go check on the back unit. 582 00:22:27,513 --> 00:22:28,612 -I'll see you. -Okay. 583 00:22:30,516 --> 00:22:32,182 [keith] on the sides of the building, 584 00:22:32,251 --> 00:22:34,985 Our crew's putting up that new wood-grain cement board siding 585 00:22:35,120 --> 00:22:36,721 That alynne's gonna pick the color for. 586 00:22:40,393 --> 00:22:42,426 [upbeat hip-hop music] 587 00:22:46,732 --> 00:22:48,732 Alynne called, she said the siding's mostly done 588 00:22:48,735 --> 00:22:50,033 -Over at palmer... -Oh, yeah. 589 00:22:50,035 --> 00:22:51,669 ...Which is awesome, because that means 590 00:22:51,804 --> 00:22:54,205 We're really, really close to getting that house wrapped up. 591 00:22:54,273 --> 00:22:55,473 Yeah, that was fast, too! 592 00:22:55,475 --> 00:22:57,074 They just started that a few days back. 593 00:22:57,076 --> 00:22:58,742 Well, it's not a massive amount of siding. 594 00:22:58,811 --> 00:23:00,610 I mean, it's the sides on the front house, 595 00:23:00,613 --> 00:23:03,013 And then the second floor on the back house, 596 00:23:03,148 --> 00:23:05,015 But, you know, getting that done, 597 00:23:05,017 --> 00:23:07,151 That allows us to go ahead and finish the rest of it. 598 00:23:07,153 --> 00:23:08,652 Put the pavers down on the porches, 599 00:23:08,654 --> 00:23:11,054 Put the brick on the front of the front house, 600 00:23:11,057 --> 00:23:14,124 And the stucco on the bottom half of the second house, 601 00:23:14,192 --> 00:23:15,459 And get that porch done. 602 00:23:15,528 --> 00:23:17,127 But I mean, we're really, really close. 603 00:23:17,196 --> 00:23:19,096 Yeah, at least the house won't look so naked 604 00:23:19,098 --> 00:23:21,231 Once this is done, we can move on to getting it painted, 605 00:23:21,233 --> 00:23:23,066 Finish out the landscaping and stuff. 606 00:23:23,068 --> 00:23:24,534 Like, really, once the siding's on, 607 00:23:24,537 --> 00:23:27,471 It unlocks the completion of the whole rest of the exterior. 608 00:23:27,473 --> 00:23:29,773 Yeah, no, for sure, for sure. That's a big, big deal. 609 00:23:30,543 --> 00:23:32,676 -What are we gonna list it for? -[duke] I think this house 610 00:23:32,744 --> 00:23:34,711 Is gonna have a "one" in front of it when it's done. 611 00:23:34,780 --> 00:23:36,280 -You mean a million dollars? -Yes. 612 00:23:36,282 --> 00:23:38,014 -Wow, really? -You've got a triplex. 613 00:23:38,084 --> 00:23:40,050 You've got the beautiful front thing, 614 00:23:40,052 --> 00:23:42,653 Brand spanking new, a duplex, essentially. 615 00:23:42,721 --> 00:23:45,989 Plus, the rear garage apartment, and in a great part of town, 616 00:23:46,058 --> 00:23:47,925 That's just a short bike ride from downtown. 617 00:23:48,327 --> 00:23:50,728 I mean, it's got all the right ingredients. 618 00:23:50,730 --> 00:23:52,763 I would never have thought we could take a property 619 00:23:52,765 --> 00:23:55,599 That we only paid $320,000 for, 620 00:23:55,668 --> 00:23:57,668 And list it for $1m. 621 00:23:57,736 --> 00:23:59,436 But duke's right, 622 00:23:59,438 --> 00:24:00,838 This is a three family home, 623 00:24:00,840 --> 00:24:02,873 And a buyer could rent out all three units 624 00:24:02,875 --> 00:24:04,475 And make a boatload of cash. 625 00:24:06,345 --> 00:24:08,813 [duke] the key to its value is the rent multiple. 626 00:24:08,881 --> 00:24:11,248 And I think things now are better than ever, really. 627 00:24:11,317 --> 00:24:13,383 -Okay. -Once we get it on the market, 628 00:24:13,385 --> 00:24:15,152 We'll do some comps prior to listing, 629 00:24:15,154 --> 00:24:16,887 Establish what that price is, 630 00:24:16,955 --> 00:24:18,822 And if it sells for close to what we expect, 631 00:24:18,891 --> 00:24:21,825 We'll be splitting a pretty handsome pot with octavian. 632 00:24:21,894 --> 00:24:23,427 It's gonna be worth all the trouble. 633 00:24:23,495 --> 00:24:25,095 This deal's gonna work out really nice. 634 00:24:25,097 --> 00:24:27,664 Yeah, I'm seeing dollar signs like scrooge mcduck, here. 635 00:24:27,733 --> 00:24:29,065 -That's, uh... -[laughs] 636 00:24:29,135 --> 00:24:30,568 That sounds really appealing. 637 00:24:30,636 --> 00:24:33,204 Well, don't count your ducks before they hatch, alright? 638 00:24:33,206 --> 00:24:34,638 We'll be knowing soon enough. 639 00:24:35,674 --> 00:24:37,007 [keith] and here we are. 640 00:24:37,075 --> 00:24:38,375 And look at that siding! 641 00:24:38,377 --> 00:24:39,643 [car doors open] 642 00:24:39,712 --> 00:24:41,445 It's half done. [chuckles] 643 00:24:41,514 --> 00:24:43,213 -Hey, good morning, alynne. -Good morning! 644 00:24:43,216 --> 00:24:45,081 -[keith] hey! -The siding looks good, 645 00:24:45,151 --> 00:24:47,251 If you have, like, you know, blinders on. 646 00:24:47,319 --> 00:24:49,386 This looks great, but that and that, 647 00:24:49,455 --> 00:24:50,888 Not so much. 648 00:24:53,526 --> 00:24:54,258 I thought it was all done? 649 00:24:54,393 --> 00:24:55,326 Well, that's gonna be stone up front. 650 00:24:55,328 --> 00:24:56,660 -[duke] oh, got it. -[keith] right. 651 00:24:56,796 --> 00:24:57,928 And the guys are in the back, 652 00:24:57,997 --> 00:24:59,396 And they're doing the flooring, 653 00:24:59,398 --> 00:25:01,064 And then they're gonna jump onto siding. 654 00:25:01,066 --> 00:25:02,799 It'd be nice if they went straight through 655 00:25:02,868 --> 00:25:05,268 With all the siding, and completed that first, right? 656 00:25:05,270 --> 00:25:06,736 Well, we've gotta put stucco on. 657 00:25:07,273 --> 00:25:09,340 -On the bottom. Here, too. -The bottom, over there, 658 00:25:09,342 --> 00:25:10,975 -Gets stucco. -First, and then they wanna 659 00:25:10,977 --> 00:25:12,176 -Put the siding above? -Yeah. 660 00:25:12,178 --> 00:25:13,810 [duke] it's kinda jumping around a bit. 661 00:25:13,813 --> 00:25:16,280 It'd be nice to wrap it up so we can move onto paint, yeah? 662 00:25:16,949 --> 00:25:20,184 I know duke's eager to get done, and he can taste those profits, 663 00:25:20,319 --> 00:25:22,152 But it's gotta get done in the right order, 664 00:25:22,220 --> 00:25:24,788 So it doesn't wind up looking like a slapdash mess. 665 00:25:24,856 --> 00:25:26,957 So, this stone cladding in the front, though, 666 00:25:27,025 --> 00:25:29,025 -These are the samples, here? -[alynne] yeah. 667 00:25:29,027 --> 00:25:31,061 -We narrowed it down to two. -[duke] okay. 668 00:25:31,130 --> 00:25:32,996 Without a paint sample, how do you really know? 669 00:25:32,998 --> 00:25:34,431 Do you guys have some samples up? 670 00:25:34,433 --> 00:25:36,133 [alynne] well, the paint is gonna be blue. 671 00:25:36,201 --> 00:25:38,769 It's actually a denim blue, it's really close to my jean. 672 00:25:38,837 --> 00:25:40,971 Wait, what? Wait, you don't have... 673 00:25:40,973 --> 00:25:42,706 -I got a picture. -It actually looks good. 674 00:25:42,708 --> 00:25:43,840 I got a picture of it, too. 675 00:25:43,909 --> 00:25:45,442 What? What is this? Like... 676 00:25:46,312 --> 00:25:49,112 -But, I mean... Very blue. -Oh, that really... 677 00:25:49,181 --> 00:25:52,182 -Yeah, it is really close. -[laughs] that's really close. 678 00:25:52,184 --> 00:25:54,250 -So, yeah, there you go. -[laughing] 679 00:25:54,253 --> 00:25:56,019 I like this. It looks contemporary, 680 00:25:56,155 --> 00:25:57,788 But it still could be... 681 00:25:57,856 --> 00:25:59,056 -Yeah. -...Timeless, you know? 682 00:25:59,124 --> 00:26:00,724 It doesn't look like it's too on trend. 683 00:26:00,726 --> 00:26:02,459 What's interesting is, with these windows 684 00:26:02,595 --> 00:26:04,661 Taking up so much space, there's not that much siding 685 00:26:04,730 --> 00:26:06,530 On the front of the house to begin with, right? 686 00:26:06,599 --> 00:26:08,999 So, that's such... That's a nice, nice touch, 687 00:26:09,067 --> 00:26:10,667 But it's not gonna cost us very much. 688 00:26:10,736 --> 00:26:12,369 We're getting close to the finish line. 689 00:26:12,504 --> 00:26:14,572 This is gonna be one of the last dumpsters we need. 690 00:26:14,640 --> 00:26:16,873 Finish line... Finish line... 691 00:26:16,942 --> 00:26:19,342 -[laughter] -moving the finish line! 692 00:26:19,412 --> 00:26:21,745 [rock music] 693 00:26:21,880 --> 00:26:23,347 [keith] with everyone in agreement, 694 00:26:23,415 --> 00:26:25,949 We're finishing up our exterior facades. 695 00:26:26,551 --> 00:26:28,319 To the back unit, we're adding stucco. 696 00:26:29,655 --> 00:26:31,788 [drill whirs] 697 00:26:31,857 --> 00:26:33,423 After that's done, we're installing 698 00:26:33,492 --> 00:26:36,559 A brand new garage door with left side windows, 699 00:26:36,629 --> 00:26:39,029 Giving it a sleek, contemporary look 700 00:26:39,031 --> 00:26:41,398 And on the front units, we installed stacked stone 701 00:26:41,467 --> 00:26:43,834 To the facades, to give them a high-end feel. 702 00:26:44,503 --> 00:26:46,437 The front porch ceiling has been installed, 703 00:26:46,505 --> 00:26:49,239 And painted haint blue, and the masons came through 704 00:26:49,307 --> 00:26:50,974 With some pavers for the driveway. 705 00:26:52,178 --> 00:26:55,179 Orlando seamless gutters are putting in brand new gutters 706 00:26:55,181 --> 00:26:56,847 Around the perimeter of the house. 707 00:26:57,316 --> 00:26:59,382 And, finally, the framework for the rear deck 708 00:26:59,452 --> 00:27:00,317 Is almost complete. 709 00:27:04,724 --> 00:27:07,324 Need to get going here. This is... 710 00:27:07,392 --> 00:27:09,626 Oh, you're gonna get going, you're gonna prep for bill? 711 00:27:09,628 --> 00:27:12,929 Yeah, no, bill doesn't really care for scaffolds too much. 712 00:27:12,931 --> 00:27:15,466 So, I think bill's probably gonna supervise. 713 00:27:15,468 --> 00:27:18,268 I can almost see the finish line in this house, 714 00:27:18,270 --> 00:27:20,103 But there's still plenty of work to be done. 715 00:27:20,172 --> 00:27:23,306 So, today, octavian's coming by to talk about landscaping, 716 00:27:23,308 --> 00:27:25,175 And bill's coming by to help me finish the deck 717 00:27:25,244 --> 00:27:26,410 On the rear unit. 718 00:27:26,845 --> 00:27:28,978 These are gonna get cross-bolted... 719 00:27:29,048 --> 00:27:30,047 Mm-hm. 720 00:27:31,383 --> 00:27:33,317 -...Like that. -Okay. 721 00:27:33,319 --> 00:27:35,752 We have composite decking for the top. 722 00:27:35,821 --> 00:27:37,554 -Okay. -And... [sighs] 723 00:27:37,622 --> 00:27:39,489 We got... You know, you can see we got 724 00:27:39,558 --> 00:27:41,424 The garage door that octavian wanted. 725 00:27:41,494 --> 00:27:43,994 -[alynne] mm-hm. -Wow, was that expensive. 726 00:27:43,996 --> 00:27:46,029 But it does have little windows that match the... 727 00:27:46,031 --> 00:27:47,931 Hey! Speak of the devil. 728 00:27:47,933 --> 00:27:50,233 -Hey, progress! -We're almost there. 729 00:27:50,302 --> 00:27:52,469 This is the last real thing that we have to do, 730 00:27:52,538 --> 00:27:54,505 Is get the deck up, and then the landscaping, right? 731 00:27:54,639 --> 00:27:56,173 [octavian] yes. The deck looks good. 732 00:27:56,175 --> 00:27:58,508 The last piece of the puzzle, last major piece of the puzzle 733 00:27:58,577 --> 00:28:00,377 Is landscaping. 734 00:28:00,379 --> 00:28:02,179 -[keith] okay. -I have some ideas. 735 00:28:02,181 --> 00:28:03,414 -[keith] uh... -[alynne] okay. 736 00:28:03,482 --> 00:28:05,482 [octavian] I don't know much about landscaping, 737 00:28:05,550 --> 00:28:06,983 All I know is, like, lots of trees 738 00:28:07,052 --> 00:28:09,453 Is better than few trees. 739 00:28:09,521 --> 00:28:11,988 So, what I was thinking is a row of trees, 740 00:28:11,990 --> 00:28:13,290 From, obviously, the street, 741 00:28:13,358 --> 00:28:15,392 All the way to where the pavers curve. 742 00:28:15,394 --> 00:28:17,428 -That's, I mean, a lot. -All the way? 743 00:28:17,562 --> 00:28:19,529 -All the way through here? -Yeah, whatever that is. 744 00:28:19,598 --> 00:28:21,264 -What, ten? -How many are you... Ten? 745 00:28:21,333 --> 00:28:24,267 Ten magnolia trees in here is gonna be super expensive. 746 00:28:24,336 --> 00:28:25,936 That's, like, $3,000. 747 00:28:25,938 --> 00:28:27,871 You used to be a city inspector. 748 00:28:27,939 --> 00:28:31,208 They don't require ten magnolia trees, right? 749 00:28:31,343 --> 00:28:33,343 They require, normally, two trees. 750 00:28:33,412 --> 00:28:35,745 The house looks amazing, I want the landscaping to match. 751 00:28:35,747 --> 00:28:38,381 Instead of regular grass, we can do sunshine mimosa, 752 00:28:38,517 --> 00:28:40,718 -Which looks cool. -This is starting to add up. 753 00:28:41,320 --> 00:28:43,153 I know we're trying to up the property value 754 00:28:43,155 --> 00:28:45,021 Of this triplex, but this is insane. 755 00:28:45,958 --> 00:28:49,158 What if we just get, like, regular hardy landscaping, 756 00:28:49,228 --> 00:28:52,563 Like, drought-tolerant landscaping that isn't... 757 00:28:53,098 --> 00:28:54,364 Like, special? 758 00:28:54,700 --> 00:28:56,633 I want it to look [bleep] amazing. 759 00:28:56,702 --> 00:28:58,769 The pavers look amazing, the house looks amazing, 760 00:28:58,837 --> 00:29:01,004 The construction is amazing, [bleep]. 761 00:29:01,006 --> 00:29:03,373 I want the landscaping to be amazing, too. 762 00:29:03,442 --> 00:29:05,509 [dramatic music] 763 00:29:09,581 --> 00:29:11,715 [keith] what if we went with, sort of, uh, 764 00:29:11,717 --> 00:29:14,117 Reasonably priced, and it was still pretty, 765 00:29:14,186 --> 00:29:17,921 But maybe wasn't, like, top of the top of the top? 766 00:29:17,990 --> 00:29:20,257 Well, okay, so we did such a great job 767 00:29:20,392 --> 00:29:21,725 On the construction of this house 768 00:29:21,727 --> 00:29:23,059 And it looks so amazing, like, 769 00:29:23,195 --> 00:29:26,663 We can't skimp out too, too much on the landscaping. 770 00:29:26,799 --> 00:29:28,765 [alynne] part of our initial deal with octavian, 771 00:29:28,767 --> 00:29:30,667 Was that he was gonna be very involved 772 00:29:30,669 --> 00:29:32,869 Every step of the way, but this is getting ridiculous. 773 00:29:32,871 --> 00:29:35,271 Fruit trees? I have an idea for a plan. 774 00:29:35,341 --> 00:29:37,507 Why don't I reach out to the landscaping place, 775 00:29:37,509 --> 00:29:39,108 And find out if they have 776 00:29:39,110 --> 00:29:41,578 This particular plant that I have in mind for this place 777 00:29:41,580 --> 00:29:42,880 That's not gonna break the bank. 778 00:29:43,282 --> 00:29:44,914 I'll do my best to be reasonable, 779 00:29:44,984 --> 00:29:47,251 But there's nothing about this that... 780 00:29:47,319 --> 00:29:50,954 -It's reasonable? -...I settled with the minimum. 781 00:29:51,022 --> 00:29:53,657 As long as we don't have to wrap the trees in mass-loaded vinyl. 782 00:29:53,659 --> 00:29:56,159 No. We'll have pale with red guard. 783 00:29:56,228 --> 00:29:57,961 [laughter] 784 00:29:58,030 --> 00:29:59,696 [keith] that'll be sufficient. 785 00:29:59,698 --> 00:30:01,297 [rock music] 786 00:30:01,367 --> 00:30:03,901 [metallic scraping] 787 00:30:03,903 --> 00:30:06,303 [machine whirs] 788 00:30:06,305 --> 00:30:08,372 [keith] it's crunch time, and we're hard at work 789 00:30:08,440 --> 00:30:10,907 Putting the finishing touches on the inside of this triplex. 790 00:30:10,976 --> 00:30:12,909 We're installing the quartzite countertops 791 00:30:12,978 --> 00:30:15,112 In all the kitchens and bathrooms. 792 00:30:15,114 --> 00:30:17,514 These countertops will not only give the place 793 00:30:17,516 --> 00:30:19,850 A cohesive look through all the apartments, 794 00:30:19,918 --> 00:30:22,386 They'll give a high-end feel to anyone wanting to rent. 795 00:30:22,520 --> 00:30:25,388 Once that's done, we can install our appliances, 796 00:30:25,457 --> 00:30:27,190 High-end dishwashers, stoves, 797 00:30:27,259 --> 00:30:28,859 And a slim, sleek microwave, 798 00:30:29,261 --> 00:30:33,130 So anyone renting this house can make popcorn in style. 799 00:30:33,132 --> 00:30:36,333 [machine whirs] 800 00:30:36,335 --> 00:30:37,867 In the bathrooms, we're installing 801 00:30:37,937 --> 00:30:39,269 The same large format tile 802 00:30:39,337 --> 00:30:41,405 As on the front of the kitchen island. 803 00:30:41,473 --> 00:30:44,207 This not only gives the space one cohesive look, 804 00:30:44,276 --> 00:30:46,476 It saves us money on material, too. 805 00:30:46,544 --> 00:30:48,678 Finally, we're laying down a natural stone 806 00:30:48,680 --> 00:30:51,181 Mosaic hexagon tile as our backsplash. 807 00:30:51,649 --> 00:30:53,516 This honeycomb look blends nicely 808 00:30:53,518 --> 00:30:54,985 With our countertops and cabinets. 809 00:30:57,356 --> 00:30:59,422 [alynne] now, we're ready to move on to landscaping. 810 00:30:59,958 --> 00:31:01,557 We're laying down some cypress mulch, 811 00:31:01,627 --> 00:31:04,328 And setting up some new planters with natural ferns 812 00:31:04,396 --> 00:31:05,963 And flowering blue daze plants. 813 00:31:05,965 --> 00:31:07,831 And around the perimeter, we're laying down 814 00:31:07,833 --> 00:31:09,132 Some gorgeous white stone, 815 00:31:09,134 --> 00:31:10,901 Which complements the tabebuia trees 816 00:31:10,903 --> 00:31:12,369 And white cradle plants. 817 00:31:14,440 --> 00:31:16,440 [upbeat hip hop music] 818 00:31:19,044 --> 00:31:21,344 It's staging day, and that means the house 819 00:31:21,346 --> 00:31:23,112 Is getting ready for potential buyers. 820 00:31:23,182 --> 00:31:24,514 [truck beeps] 821 00:31:26,685 --> 00:31:29,920 Megan's moving is helping us by bringing some amazing decor. 822 00:31:33,459 --> 00:31:35,359 Since both apartments mirror one another, 823 00:31:35,427 --> 00:31:37,828 We're only staging one, which saves on cost. 824 00:31:40,933 --> 00:31:43,734 And now, all we need to do is list it. 825 00:31:45,871 --> 00:31:47,604 [rock music] 826 00:31:54,546 --> 00:31:56,546 [duke] phew. Nice. 827 00:31:58,216 --> 00:32:00,917 Whoa, we did alright! 828 00:32:00,986 --> 00:32:03,553 Do you guys remember when we started? 829 00:32:03,622 --> 00:32:05,289 This thing was like... It was levitating. 830 00:32:07,092 --> 00:32:09,025 [duke] when I first saw it, it was a frame skeleton 831 00:32:09,094 --> 00:32:11,027 -All around, with no walls. -[keith] yeah, yeah. 832 00:32:11,029 --> 00:32:12,829 A roof that the shingles had been taken off of, 833 00:32:12,964 --> 00:32:14,364 -And it was raining. -[keith] yeah. 834 00:32:14,433 --> 00:32:16,967 [keith] now, it looks like someplace you wanna hang out. 835 00:32:16,969 --> 00:32:19,636 Just such a dramatic transformation, I mean... 836 00:32:19,704 --> 00:32:21,571 Holy cow. Even the rear unit. 837 00:32:21,640 --> 00:32:23,774 [duke] that patio looks really classy, I love that. 838 00:32:23,776 --> 00:32:25,042 [alynne] it really does. 839 00:32:25,044 --> 00:32:27,044 -Hey, what's up, octavian? -Hey, octavian, man! 840 00:32:27,112 --> 00:32:28,511 Wow, this place looks good. 841 00:32:28,580 --> 00:32:29,645 -[duke] yes, it does. -Woo! 842 00:32:29,715 --> 00:32:30,780 -Great to see you. -Ha ha! 843 00:32:30,849 --> 00:32:32,649 Alright, great to see you, man. 844 00:32:32,651 --> 00:32:33,817 What can you say? I mean.... 845 00:32:33,952 --> 00:32:35,184 I can say it looks fantastic, 846 00:32:35,186 --> 00:32:36,786 And it should sell for a lot of money. 847 00:32:36,788 --> 00:32:38,989 You know, you had the idea for stacked stone, 848 00:32:39,057 --> 00:32:41,424 And alynne picked out some, I mean, 849 00:32:41,426 --> 00:32:43,393 Amazing looking stacked stone. 850 00:32:43,395 --> 00:32:45,329 Because there really wasn't a lot of real estate, 851 00:32:45,397 --> 00:32:47,998 So it didn't break the budget in adding this upscale feature. 852 00:32:48,000 --> 00:32:50,267 [keith] it feels like it had a very cohesive vision, 853 00:32:50,402 --> 00:32:53,069 You know, it's finished in a very symmetrical way, 854 00:32:53,071 --> 00:32:54,738 Very balanced, and a very high quality. 855 00:32:54,873 --> 00:32:57,273 I think whoever rents this place's really gonna enjoy it, 856 00:32:57,342 --> 00:32:59,275 And I think the investor that winds up buying it's 857 00:32:59,277 --> 00:33:01,378 Gonna be really satisfied with their investment. 858 00:33:01,380 --> 00:33:03,746 I'm dying to check out all the cool stuff on the inside. 859 00:33:03,748 --> 00:33:05,548 -You guys wanna go look at it? -Yeah, for sure. 860 00:33:05,550 --> 00:33:07,684 I'm pretty sure there's a lot to talk about inside. 861 00:33:09,588 --> 00:33:11,488 Woo! Look at this place. 862 00:33:11,556 --> 00:33:13,456 -It looks so good. -Ooh, yeah! 863 00:33:14,259 --> 00:33:17,194 [keith] guys, it's just such a dramatic transformation. 864 00:33:17,196 --> 00:33:19,228 -I mean... -[alynne] it was just all studs. 865 00:33:19,298 --> 00:33:21,231 [keith] there wasn't even studs to speak of. 866 00:33:21,299 --> 00:33:23,633 [upbeat pop music] 867 00:33:23,702 --> 00:33:25,635 [alynne] so, this floorplan is really efficient. 868 00:33:25,704 --> 00:33:29,338 That we have two mirror units, 640sqft each. 869 00:33:29,408 --> 00:33:31,908 Each unit has one bedroom, one bath, 870 00:33:31,977 --> 00:33:34,711 And they both have washers and dryers in them. 871 00:33:34,780 --> 00:33:37,380 -That's really appealing. -[duke] that's a nice touch. 872 00:33:37,449 --> 00:33:39,549 No, I think the kitchen's gorgeous. 873 00:33:40,552 --> 00:33:43,253 It's so big for this size place, you know? 874 00:33:43,321 --> 00:33:45,388 [alynne] this is more cabinetry than you'd see 875 00:33:45,390 --> 00:33:47,991 In a standard unit with twice the square footage. 876 00:33:48,059 --> 00:33:50,393 And this pantry is amazing. 877 00:33:50,462 --> 00:33:52,529 It's a lot of extra space, that's good. 878 00:33:52,597 --> 00:33:54,931 But, my favorite part is this island, 879 00:33:54,933 --> 00:33:56,933 'cause this actually doubles as your eating space 880 00:33:57,002 --> 00:33:58,734 For the unit, and this is quartzite. 881 00:33:58,737 --> 00:34:01,071 So, quartzite is one of the newer products 882 00:34:01,073 --> 00:34:02,338 For the solid countertops. 883 00:34:02,407 --> 00:34:03,706 I love how the solid surfaces 884 00:34:03,775 --> 00:34:06,109 Have so much movement in them now, you know? 885 00:34:06,111 --> 00:34:09,412 I love these 4 inch cans, they're infibrite. 886 00:34:09,415 --> 00:34:11,547 These are those cans that change color, 887 00:34:11,617 --> 00:34:13,683 So if you have wifi, you can actually 888 00:34:13,752 --> 00:34:15,351 Have each one have its own color. 889 00:34:15,420 --> 00:34:17,754 Look, I don't wanna make light of that subject or anything, 890 00:34:17,822 --> 00:34:19,956 But do you guys wanna go check out the rest of the house? 891 00:34:20,025 --> 00:34:21,424 Dude, that's a dim pun. 892 00:34:21,426 --> 00:34:23,826 Oh, man. You just turned me off. 893 00:34:23,896 --> 00:34:26,763 Alright, let's go round the corner, here. 894 00:34:26,765 --> 00:34:28,931 [keith] do you remember this wasn't even a room 895 00:34:28,934 --> 00:34:30,199 When we first started? 896 00:34:30,269 --> 00:34:31,568 There was nowhere for a bed, 897 00:34:31,570 --> 00:34:33,302 An end table, a lamp. 898 00:34:33,372 --> 00:34:35,338 It was just studs and a bare floor. 899 00:34:35,407 --> 00:34:37,240 -[alynne] nice. -[duke] ooh. 900 00:34:37,308 --> 00:34:40,043 -[duke] this looks good. -[keith] hey, guys, yeah! 901 00:34:40,045 --> 00:34:41,912 What's your favorite part of the bathroom? 902 00:34:41,980 --> 00:34:43,113 I love the led mirror. 903 00:34:43,181 --> 00:34:44,581 I mean, that's always a great look, 904 00:34:44,716 --> 00:34:46,316 And the way it just shines on your face, 905 00:34:46,318 --> 00:34:47,784 It makes everybody's eyes pop. 906 00:34:47,786 --> 00:34:48,919 It's a wonderful feature. 907 00:34:48,921 --> 00:34:50,786 My favorite part is the glass block. 908 00:34:50,856 --> 00:34:53,723 -That's a unique design. -[duke] yeah, it is! 909 00:34:53,792 --> 00:34:56,059 -The diamond glass. -Yeah, it is, that's gorgeous. 910 00:34:56,061 --> 00:34:58,862 Really great shower hardware, I mean, everything. 911 00:34:58,864 --> 00:35:00,597 It's just super functional and works. 912 00:35:00,665 --> 00:35:02,799 Well, I think there's still one more room here, right? 913 00:35:02,801 --> 00:35:05,602 Actually, yeah, and don't overlook this laundry set up, 914 00:35:05,670 --> 00:35:07,203 There's a nice full size stackable 915 00:35:07,272 --> 00:35:08,772 Tucked into the hallway, right here. 916 00:35:10,609 --> 00:35:13,410 -Nice bedroom here, yeah. -[keith] yeah. 917 00:35:13,412 --> 00:35:15,144 It's pretty airy and bright. 918 00:35:15,146 --> 00:35:18,348 For a single person, especially, this is just the right size. 919 00:35:18,416 --> 00:35:20,884 We have the air conditioning unit here that you can, 920 00:35:20,886 --> 00:35:23,153 Again, custom tailor to whatever temperature 921 00:35:23,155 --> 00:35:25,988 You want in this room, which can be very different 922 00:35:25,990 --> 00:35:27,757 From what you have in the rest of the house. 923 00:35:27,759 --> 00:35:29,425 And you know what's out that back porch? 924 00:35:29,494 --> 00:35:30,827 -Another unit? -More housing? 925 00:35:30,962 --> 00:35:31,995 -Another unit. -[alynne chuckles] 926 00:35:34,566 --> 00:35:35,498 Yeah! 927 00:35:36,101 --> 00:35:37,567 [keith] remember this third unit? 928 00:35:37,569 --> 00:35:41,338 Almost everything under the roof had to be replaced and rebuilt. 929 00:35:41,340 --> 00:35:43,707 -[duke] there you go! -[alynne] here's our third unit. 930 00:35:43,709 --> 00:35:44,975 -[duke] right. -[octavian] woo! 931 00:35:45,377 --> 00:35:47,644 There's the mirror image of the other side of this place, 932 00:35:47,712 --> 00:35:48,912 -Over there. -[keith] yeah. 933 00:35:48,914 --> 00:35:50,313 [duke] sharing a back patio. 934 00:35:50,382 --> 00:35:52,515 And man, this looks great, all the brand new pavers 935 00:35:52,517 --> 00:35:53,850 Are down and everything. 936 00:35:53,852 --> 00:35:55,919 The deck, when we first got here, 937 00:35:55,987 --> 00:35:58,388 Remember the columns on it were concrete? 938 00:35:59,524 --> 00:36:01,091 But they were just sitting on the slabs. 939 00:36:01,159 --> 00:36:03,660 [duke] that's right. It was like an image of rome out there. 940 00:36:03,795 --> 00:36:05,395 They were, like, tilting over and stuff. 941 00:36:05,864 --> 00:36:07,797 [keith] yeah, the balcony's amazing, really. 942 00:36:07,866 --> 00:36:10,466 That's extra rent just by itself, I think. 943 00:36:10,468 --> 00:36:12,002 Come on, let's go tour this thing, 944 00:36:12,004 --> 00:36:13,470 -I wanna check it out. -Okay, alright. 945 00:36:14,773 --> 00:36:16,773 [keith] this upstairs was a nightmare. 946 00:36:16,841 --> 00:36:18,642 I don't even remember it having walls. 947 00:36:20,412 --> 00:36:21,878 [octavian] look at these stairs! 948 00:36:21,946 --> 00:36:24,547 -[laughter] -wow, would you see that! 949 00:36:24,616 --> 00:36:26,549 -That is so cool. -They sequentially light... 950 00:36:26,618 --> 00:36:28,251 -I love that. -...As you go up. 951 00:36:28,253 --> 00:36:29,753 That's almost like somebody saying, 952 00:36:29,821 --> 00:36:31,354 "hi, honey. I'm glad you're home." 953 00:36:32,090 --> 00:36:34,157 This is really, really a deluxe unit. 954 00:36:35,159 --> 00:36:37,894 We're on the first floor of the unit three, 955 00:36:37,896 --> 00:36:40,096 And we have the washer and dryer in here, 956 00:36:40,165 --> 00:36:42,432 Tucked away, but perfectly accessible 957 00:36:42,434 --> 00:36:44,234 Within this unit, right? 958 00:36:44,302 --> 00:36:45,235 Office space. 959 00:36:46,037 --> 00:36:47,037 Full bathroom. 960 00:36:47,573 --> 00:36:48,904 This is fantastic. 961 00:36:48,974 --> 00:36:51,440 We got the barn door for the closet. 962 00:36:51,510 --> 00:36:53,643 That's as nice as the main house bathrooms there, too. 963 00:36:53,711 --> 00:36:56,846 No, this is a great idea, having a bathroom down here, 964 00:36:56,914 --> 00:36:58,448 'cause this could be a home office, 965 00:36:58,450 --> 00:37:01,051 And then people don't have to go up into your living quarters. 966 00:37:01,053 --> 00:37:02,919 Then we have the full garage next door, 967 00:37:02,921 --> 00:37:04,654 And that's for this unit as well. 968 00:37:04,656 --> 00:37:06,990 So, this is really, really a deluxe unit. 969 00:37:06,992 --> 00:37:08,524 Sweet, let's go look at the upstairs. 970 00:37:08,593 --> 00:37:11,194 Yeah, let's go up our space stairs. 971 00:37:11,263 --> 00:37:13,763 You first. Ah, can you beat it to the top? 972 00:37:13,832 --> 00:37:15,197 -Let's go! -[laughter] 973 00:37:15,267 --> 00:37:16,533 Nice. 974 00:37:16,601 --> 00:37:18,267 -Woo! -Woo, yeah! 975 00:37:18,770 --> 00:37:21,604 [keith] you remember there wasn't a kitchen here, at all? 976 00:37:21,606 --> 00:37:24,174 You couldn't cook dinner, let alone entertain a guest. 977 00:37:24,976 --> 00:37:26,743 We put the kitchen on the top floor, 978 00:37:26,878 --> 00:37:28,778 So that it's connected to the living space. 979 00:37:28,846 --> 00:37:30,546 Ooh, I love that marble backsplash. 980 00:37:30,882 --> 00:37:32,214 [octavian] oh, that's gorgeous. 981 00:37:32,217 --> 00:37:34,751 Alynne picked out that, and... 982 00:37:34,753 --> 00:37:36,453 -Is this... Quartzite. -Quartzite. 983 00:37:36,455 --> 00:37:37,654 [keith] the blues, 984 00:37:37,656 --> 00:37:39,422 With a little hint of green in them. 985 00:37:39,558 --> 00:37:41,958 Yeah. This doubles... As in the front unit, 986 00:37:41,960 --> 00:37:43,793 This doubles as the dining room, really. 987 00:37:44,962 --> 00:37:46,162 How many square feet is this? 988 00:37:46,231 --> 00:37:48,965 This one's 1,060. 989 00:37:49,034 --> 00:37:51,768 Yeah, so it's nearly double the size of the front unit. 990 00:37:51,836 --> 00:37:54,104 So, there's quite a bit more going on here 991 00:37:54,106 --> 00:37:55,238 This is sharp. 992 00:37:55,307 --> 00:37:57,440 Yeah, it's a tidy eat-in kitchen here for three, 993 00:37:57,508 --> 00:37:59,042 And if you had more people join you, 994 00:37:59,110 --> 00:38:00,710 You could go out here to the living room 995 00:38:00,712 --> 00:38:03,046 -Or onto the balcony, you know? -[keith] yeah, for sure. 996 00:38:03,048 --> 00:38:05,248 -More space. -Oh, I love this. 997 00:38:05,317 --> 00:38:07,650 I think the living room came out so well, 998 00:38:07,653 --> 00:38:09,519 And with the space we have here, 999 00:38:09,587 --> 00:38:11,454 I mean, you have everything you need. 1000 00:38:11,456 --> 00:38:13,857 No, it's a great space for the tenants. 1001 00:38:13,859 --> 00:38:15,891 You have your... You're gonna have a couch there. 1002 00:38:16,027 --> 00:38:17,794 The wall, we have the cat7 cables, 1003 00:38:17,862 --> 00:38:20,496 You know, right on the wall, for a wall mounted tv. 1004 00:38:20,499 --> 00:38:21,965 It's a wonderful space. 1005 00:38:22,601 --> 00:38:24,067 [alynne] and I love this right here, 1006 00:38:24,202 --> 00:38:25,669 It provides a little bit of privacy, 1007 00:38:25,803 --> 00:38:27,269 A little bit of an entrance. 1008 00:38:27,339 --> 00:38:29,072 And then, over here, we've got the bathroom. 1009 00:38:29,808 --> 00:38:32,475 And this is finished really, really nicely. 1010 00:38:32,477 --> 00:38:34,544 Beautiful, 'cause it's a spitting image 1011 00:38:34,612 --> 00:38:36,680 Of the bathrooms in the front units. 1012 00:38:36,682 --> 00:38:38,281 It has all the choices that we love, 1013 00:38:38,283 --> 00:38:40,550 And it has the glass block with the natural light. 1014 00:38:40,618 --> 00:38:42,418 -It's perfect. -[keith] and the led mirror, 1015 00:38:42,554 --> 00:38:43,819 Which I love. 1016 00:38:43,889 --> 00:38:45,622 So, we're in good shape, here. 1017 00:38:45,624 --> 00:38:48,024 The primary bedroom, though, is that part... 1018 00:38:48,026 --> 00:38:49,959 [duke] wow. Oh, wow, look how big it is! 1019 00:38:50,028 --> 00:38:51,827 -[keith] yeah, this is... -This is everything. 1020 00:38:51,897 --> 00:38:53,363 [keith] this is deluxe, guys. 1021 00:38:53,431 --> 00:38:55,698 Especially, compared to the rest of the units, 1022 00:38:55,700 --> 00:38:57,633 There's so much space, right? 1023 00:38:57,702 --> 00:38:59,702 You have the upstairs here, and the downstairs, 1024 00:38:59,771 --> 00:39:02,071 So this unit commands a lot more rent. 1025 00:39:02,073 --> 00:39:03,840 Plenty of windows on all the walls. 1026 00:39:03,908 --> 00:39:05,708 No, the wall-mounted tv. 1027 00:39:05,777 --> 00:39:08,311 Again, the electric for the power window shades. 1028 00:39:08,379 --> 00:39:10,580 The dedicated air unit for this unit, 1029 00:39:10,715 --> 00:39:12,649 So you can have the temperature in here 1030 00:39:12,717 --> 00:39:14,184 As cool as you want at night. 1031 00:39:14,786 --> 00:39:16,920 Looks like this house has all the pieces put together, 1032 00:39:16,922 --> 00:39:19,321 You know, I really don't think we left anything unturned 1033 00:39:19,391 --> 00:39:21,190 -On this project. -I think we hit a home run. 1034 00:39:21,259 --> 00:39:23,526 -We did, I'm very happy. -[duke] that's right. 1035 00:39:23,528 --> 00:39:26,129 Uncommon materials for an uncompromising build. 1036 00:39:26,197 --> 00:39:28,197 And I think we got it there, so... 1037 00:39:28,266 --> 00:39:30,400 Let's let the market be the judge of that, you know? 1038 00:39:30,468 --> 00:39:31,667 Let's talk over the numbers, 1039 00:39:31,736 --> 00:39:33,269 See what we should list this place for, 1040 00:39:33,337 --> 00:39:35,538 And finally see if it's worth everything we put into it. 1041 00:39:35,674 --> 00:39:36,673 -[laughing] -yeah? 1042 00:39:36,741 --> 00:39:38,207 Yeah, I think it's about that time. 1043 00:39:38,276 --> 00:39:39,709 -Let's talk turkey, come on. -Alright. 1044 00:39:40,678 --> 00:39:41,544 [keith] alright... 1045 00:39:42,146 --> 00:39:43,479 Watch out, I'm gonna have a seat. 1046 00:39:43,548 --> 00:39:45,014 [duke] time to talk numbers. 1047 00:39:46,151 --> 00:39:48,584 We're thinking we're gonna list it now, maybe, 1048 00:39:48,653 --> 00:39:50,620 -Like, one... -One-two. 1049 00:39:50,688 --> 00:39:52,222 -One-two? -Yeah, we start there, 1050 00:39:52,224 --> 00:39:54,223 You can always come down, and see what bites. 1051 00:39:54,292 --> 00:39:56,292 If we need to adjust the price down, we'll do so. 1052 00:39:56,294 --> 00:39:58,227 Yeah? What do we have in this project, anyways? 1053 00:39:58,296 --> 00:40:00,430 We bought this place for 320, 1054 00:40:00,565 --> 00:40:02,498 And the receipts are still trickling in, 1055 00:40:02,567 --> 00:40:05,602 But we're talking about a little over 400 grand so far 1056 00:40:05,604 --> 00:40:07,236 -For the renovation budget. -Mm-hm. 1057 00:40:07,238 --> 00:40:10,372 So, if we sell this place for 1.2, 1058 00:40:10,375 --> 00:40:14,377 I mean, you're talking about $450,000 1059 00:40:14,379 --> 00:40:16,779 Net profit, split between us. 1060 00:40:16,915 --> 00:40:18,981 I don't wanna count the chicks before they hatch. 1061 00:40:19,050 --> 00:40:21,050 That's a huge number, gonna be some costs on that, 1062 00:40:21,052 --> 00:40:22,985 The expenses are gonna come in a little higher, 1063 00:40:23,054 --> 00:40:24,854 There'll be concessions, but it's a healthy 1064 00:40:24,923 --> 00:40:26,789 Six-figure profit at the end of this project. 1065 00:40:26,858 --> 00:40:28,457 It's a lot of money, but there's also 1066 00:40:28,527 --> 00:40:29,959 A lot of blood, sweat and tears. 1067 00:40:29,961 --> 00:40:31,728 We can't sell blood, sweat and tears, though. 1068 00:40:31,730 --> 00:40:33,129 We gotta focus on the money. 1069 00:40:33,131 --> 00:40:35,264 Let us know next time you're ready to partner, okay? 1070 00:40:35,266 --> 00:40:37,333 -First, let's get this one sold. -Alright, thank you. 1071 00:40:37,402 --> 00:40:39,536 -Hey, it's been fun, man, -great job, guys. 1072 00:40:39,538 --> 00:40:42,071 Go out and celebrate. Tomorrow, we're listing. 1073 00:40:42,073 --> 00:40:43,339 Alright. 1074 00:40:43,875 --> 00:40:45,808 This triplex took a lot out of us, 1075 00:40:45,877 --> 00:40:48,211 But I'm happy that octavian had us go above and beyond 1076 00:40:48,279 --> 00:40:50,680 On the details, because it was appraised 1077 00:40:50,748 --> 00:40:53,816 Way higher than we expected. 1078 00:40:53,819 --> 00:40:55,752 We originally planned on selling this house 1079 00:40:55,754 --> 00:40:57,687 For $899,000. 1080 00:40:57,755 --> 00:40:59,489 But because the market has improved, 1081 00:40:59,557 --> 00:41:01,690 Coupled with octavian's perfectionism, 1082 00:41:01,693 --> 00:41:06,028 We can actually justify a listing price of 1.2m. 1083 00:41:06,631 --> 00:41:09,465 After purchasing it for $320,000, 1084 00:41:09,467 --> 00:41:13,903 With a renovation budget of $402,339, 1085 00:41:14,039 --> 00:41:16,506 Realtor and closing fees at 60,000, 1086 00:41:16,574 --> 00:41:20,410 And loan interest coming in at $14,447, 1087 00:41:20,478 --> 00:41:26,249 Our total cost came to around $796,786. 1088 00:41:26,251 --> 00:41:28,384 If we sell this for our asking price, 1089 00:41:28,453 --> 00:41:34,624 We're looking at a potential profit of over $403,214. 1090 00:41:35,427 --> 00:41:37,626 [rock music] 1091 00:41:37,696 --> 00:41:39,795 For our first triplex, it wasn't that bad! 1092 00:41:39,864 --> 00:41:42,065 Even one of something, or three of something, 1093 00:41:42,067 --> 00:41:44,267 In one location, I mean, it's a little bit more work, 1094 00:41:44,402 --> 00:41:47,403 But it is a little less work than doing three houses 1095 00:41:47,471 --> 00:41:49,405 -In three different locations. -[laughs] 1096 00:41:49,407 --> 00:41:51,007 It is that. It is that. 1097 00:41:51,075 --> 00:41:53,876 Now, I'm really surprised, um, at how smooth it went. 1098 00:41:53,878 --> 00:41:56,412 Octavian definitely threw a bunch of curveballs in there, 1099 00:41:56,414 --> 00:41:58,214 But, at the same time, 1100 00:41:58,216 --> 00:42:02,085 If I never see another house that needs mass-loaded vinyl, 1101 00:42:02,087 --> 00:42:03,853 Or mineral wool throughout, 1102 00:42:03,855 --> 00:42:05,388 Or the silly putty on the outlets, 1103 00:42:05,456 --> 00:42:06,689 I'll be just fine with it. 1104 00:42:06,758 --> 00:42:09,158 Well, maybe this next one won't need all of that. 1105 00:42:09,226 --> 00:42:10,593 Next one, what? 1106 00:42:10,595 --> 00:42:12,895 Well, I did get a phone call from octavian, 1107 00:42:12,897 --> 00:42:14,831 And he has another project in mind. 1108 00:42:14,899 --> 00:42:17,199 -[laughs] what? No! No! -[laughs] 1109 00:42:17,268 --> 00:42:19,101 It is a single family, I do know that much. 1110 00:42:19,170 --> 00:42:20,770 -There you go. -So, I'll just let him know 1111 00:42:20,772 --> 00:42:22,505 That he can do this one on his own, 1112 00:42:22,573 --> 00:42:23,973 And maybe call us for the next one. 1113 00:42:23,975 --> 00:42:25,107 Alright, sounds good. 1114 00:42:25,109 --> 00:42:26,442 -Sounds good? -Yeah.