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[keith] orlando, florida.
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It's an international
vacation destination,
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And one of the hottest
real estate markets
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In the united states.
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-I'm keith ori...
-[loud smashing]
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...And I've been flipping
zombies in this city for years.
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This is a $10,000 bet that
you can repurpose into cabinets,
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Basically today.
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I recently reunited
with my friend,
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Investor, peter duke.
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Oh yeah, I can see
a duck right there in the roof.
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That's money, dude!
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This guy's all gas, no brakes!
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There's a jack and jill bathroom
in this house!
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[keith] and along with design
specialist, alynne cordray...
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This room is great.
I see an opportunity here.
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Is somebody living here?
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-Holy [bleep].
-...We're hunting down
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Dilapidated homes
in the orlando area,
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And restoring them
to their old glory.
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-[smashing]
-it's a dirty business...
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-Whoa!
-...But we make it look good.
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That's gonna add, like, $25,000
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-To the value of this house.
-Surprise!
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[keith] this is
zombie house flipping, orlando.
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[upbeat pop music]
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-I love the chips at this place.
-Oh, yeah.
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So, what's up?
What's the meeting about?
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You were a little cagey
on the phone.
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Well, you know,
octavian, our friend,
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He does all of our
real estate pictures
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For our listings
and that, right?
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He's starting to flip houses
on the side.
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Oh, I didn't know that.
Okay, cool.
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I did some plans for him
for a triplex.
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-[keith] okay. Yeah.
-He started the renovation,
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And he's a little bit
over his head.
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And he reached out to me,
and he's asking for some help.
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He actually wants to know
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If we'll partner with him
on the house.
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We pay for,
and complete the reno,
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And we split 50% of the profit
after it sells.
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He's already
started this project.
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Yeah. He wants us
to put up the money
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For the renovation,
and the time.
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So, basically,
he's gotten himself in trouble,
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And he's looking for
some assistance, or something?
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And he's done some demo.
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[keith] what's the layout of it?
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[alynne]
so, it's a duplex out front,
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And then it's got
another unit in the back.
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[keith] okay.
What do you think the exit is?
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If we sell it, what do
you think it's gonna get me?
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Well, he bought it for 320,000.
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Since it's a triplex,
and one of the only ones
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That was grandfathered
into the city,
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It's actually
a great investment for him,
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If he can get it flipped.
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A triplex is a great investment,
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Because potential buyers
like properties
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That generate rental income.
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So, he bought it for 320,000,
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And he thinks he can
get 900,000 for it.
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-It's a high rent area, too.
-Okay.
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-Now you have my attention.
-Right?
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And what's a reasonable
renovation budget
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For the whole project?
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[alynne]
probably around 300k.
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-300,000? This is a rental!
-Yeah, it's three units.
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The renovation budget
is so high,
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Because it is three units.
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Could make a lot of money
on this project.
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More importantly, if this
thing's already secured,
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And in a great part of town,
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You know it's gonna
sell quickly.
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[alynne] well, one caveat
of this co-investment,
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Is that octavian
wants to be very involved.
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He has a vision
for this triplex.
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[upbeat rock music]
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Duke, octavian makes
you look like me,
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When it comes to perfectionism.
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Oh, hell, no.
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He over-engineers everything.
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Like, the studio he built,
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It's, like, fireproof,
bulletproof, soundproof,
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Every kind of proof there is,
so I'm actually
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Apprehensive about
what that means on a house.
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And we're gonna step into
his shoes for three months,
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And finish a job he started?
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Well, I think he's probably
gonna be in and out,
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I don't think he's gonna
be disappeared for three moths.
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So, he's gonna look over
our shoulder for three months,
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-While we do...
-[laughter]
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...Perfectionist work
in this house.
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You don't find that appealing?
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What a beautiful neighborhood.
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[alynne] remember, delaney park
is all single-family homes.
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We're on our way to see one of
the only triplexes in the area.
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[duke] delaney park
is so nice and so cozy.
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It's all embraced
with these beautiful, like,
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Old growth oak trees.
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These places, here,
are a goldmine,
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[keith] this triplex is located
in delaney park,
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One of orlando's historic
downtown neighborhoods.
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A triplex in this neighborhood
is unheard of.
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This is an area
of single-family homes,
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That would typically sell
for around $400,000
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If they're fixed up.
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A triplex in this neighborhood
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Is gonna cost more to fix up,
but once it's fixed up,
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The arv is gonna
be a lot more, too.
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Living in this area offers
a dense, suburban feel,
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But there are also
lots of bars,
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Restaurants and coffee shops.
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Many young professionals
live in the area,
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And the public schools
are highly rated,
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So it's great for families.
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Wait, this is the address.
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[duke]
that can't be the house.
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Oh, [bleep]!
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Are you kidding me? That's a...
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That thing's a skeleton!
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That thing is completely gutted.
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-This is the project?
-[alynne chuckles]
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It's got a tarp for a roof!
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This thing isn't even
done with framing.
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[keith]
he took all the studs away.
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There's no front of the house.
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-This is...
-This is a half-plex.
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[keith]
this triplex was built in 1947.
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It has two apartments
in the front,
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And a larger apartment
in the back.
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Each unit is a one-bedroom,
one-bathroom.
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The two front units
are 680sqft,
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And the back unit is 1050sqft.
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Octavian...
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-Keith, man.
-Hey, buddy.
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-Thanks for coming.
-What did... What did you do?
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There were front doors before.
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-[keith chuckles]
-but if you look, there were...
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There were termite-filled
front doors, front walls,
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Side walls,
everything was termite infested.
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Literally,
if you take a hammer...
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-You got a hammer here?
-You happen to have one?
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You touch pretty much
any piece of wood,
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You hear, "shoosh".
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Literally, the whole house,
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With the exception
of the rafters
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And the ceiling joists,
were garbage.
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Everybody asks,
"why didn't you tear it down?"
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"why didn't you tear it down?"
this is a triplex,
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With three separate
electrical meters,
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Three separate water meters,
and the city
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Will only allow me...
If I tore it down,
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-I can only have two.
-That's the reason, right there.
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-That's a massive reason.
-Yeah, I got it.
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The reason octavian didn't tear
these units down
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In the first place,
is because, if he did,
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The city,
because of zoning rules,
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Would only allow him
to build two units,
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Where there are presently three.
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But, because there
are presently three,
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With three electric meters,
he's grandfathered in,
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And that means you get to kinda
keep what you already have,
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As long as you're rebuilding it.
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That's smarter, and it's better
for our bottom line.
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-If it goes back to a duplex...
-Whoa, whoa, whoa.
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Don't lean on this too much,
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'cause literally, this is
holding up the whole house.
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-Oh, that's safe.
-This, and literally,
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All the makeshift, uh...
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-[keith] the entire... Wait.
-The whole house is on stilts,
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'cause we literally
replaced all of the rim beam.
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These 2x6s are hol...
'cause the whole house...
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If you look from the other side
it doesn't look as bad,
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But yeah, literally,
the whole house is...
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[duke] there's a little cripple
the whole way down,
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All the studs are nailed to.
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-The house was floating?
-Uh-huh.
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This zombie is actually
worse than it looks.
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Termites took this place totally
down from the inside-out,
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And now, it has to
be completely reframed.
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I can see why octavian
needs our help, though.
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This is a huge
financial undertaking.
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00:07:02,589 --> 00:07:04,256
We gotta get down to brass tax,
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And see if everything
he wants us to do
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Is gonna be
worth it financially.
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This is nice for your handrails.
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[octavian] yeah.
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This is brand new.
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00:07:14,134 --> 00:07:16,601
-I mean, all brand new wood.
-[knocking]
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00:07:16,670 --> 00:07:19,504
It's all... You... That's old?
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00:07:19,572 --> 00:07:21,239
[octavian]
[chuckles] this is old, yeah.
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And you put an entirely
brand new structure
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-Underneath it, holding it up?
-Yeah.
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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,
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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,
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But what's the situation.
202
00:07:37,156 --> 00:07:38,857
I need somebody to partner with,
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00:07:38,859 --> 00:07:41,159
In order to see it through
to the finish,
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00:07:41,228 --> 00:07:45,897
And then also continue
the standard of excellence.
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00:07:45,899 --> 00:07:47,766
-[chuckles]
-right! [chuckles]
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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,
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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.
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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,
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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
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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.