My first ever business venture was buying small run down house for $10,000 and it was in a good area and putting about $10,000 into the house and then sold it for about $80,000. It made me feel so special doing it. I still drive past that house every now and then to admire my handy work.

@papaannefranku9693

4 жыл бұрын

You should, people may think its easy but it’s not!

This is the hardest working guy in the construction businness! You guys should see the other video he has about this house. Amazing!

Rent that house. You can make all the money you spent on it back within 2.5 years. You are so damn talented, it's insane. Thanks for sharing your projects with us; I absolutely love watching your videos!

@thehomesteadcraftsman8975

6 жыл бұрын

That is the only reason I don't want to sell....and dealing with people of course. I may end up renting, but I've got a bug up my butt to do some selling, if I sold the house I'd have all my money back plus profit, maybe $40,000 or more, I could roll that into another one with higher profits and so on. In the time of a year, I could end up with # $100,000 in profits from doing this stuff.....that would be a big deal to me. Once I get to that level, I'll be able to do some big stuff. With that said, I like getting rent....but it is a bit of a job. We'll see. Thanks for the comment.

@christopherbeni5048

6 жыл бұрын

The Homestead Craftsman I hear ya. The only downside to taking on a much bigger fixer upper is...there's only one of you. The larger the house, the bigger the investment and the longer it will take to flip. Although, holy cow those kind of profits would be insane and certainly be a change of scenery. I'm stoked about you finishing the $12K house. I can only imagine you buying a $100K home, gutting it, then doing a seriously bitchin' reno and selling it for double what you have into it. These are so much fun to watch!

@thehomesteadcraftsman8975

6 жыл бұрын

Once I have the cash from selling this house I would pay people to do more of the work, that eats up costs but drastically speeds things up. You are also forming a system and a network of people to work with later. Eventually, I want to be the guy in a suit, loafers and a hard hat visiting the renovation, not the dirty guy doing the work. I actually already have the house I will renovate next. I paid 11.5k when it's worth about 50k as is. It should sell for 150k - 200k with about $15 put into the renovation. It's also on 4.5 acres right in the middle of the city. It was one of those times where everything fell into place.

@christopherbeni5048

6 жыл бұрын

The Homestead Craftsman holy cow! 😱

@thehomesteadcraftsman8975

6 жыл бұрын

That was my reaction when the deal went through. I thought it would fall through all the way until the closing.

5:50 just casually bursting through the wall, make me think of the coolaid guy, "OH YEAH!"

@townbrownie20

6 жыл бұрын

I was thinking the same thing. Lol

@thehomesteadcraftsman8975

6 жыл бұрын

THanks for watching

See this is what I need in my life, a man who can fix things and build me the bedroom and bathroom of my dreams 🥺😁

Whoever decorated your home has excellent taste! Congrats.

@thehomesteadcraftsman8975

6 жыл бұрын

Thank you!

I like to see investors like yourself that are not afraid to get your hands dirty.

Working that hard says a lot about you. Great job.

Rent or sell? 3 words: income, income, income. The grand Lords of England did not make money selling their property they made it renting it. Every time a family sold property the went broke a few years later from not having income. Buy, renovate and rent is the future of really making money. By not paying attention to the past, we risk repeating it. My 2p.

@thehomesteadcraftsman8975

6 жыл бұрын

I agree, one of my goals is renting in volume and doing it one at a time with houses is a slow road. I'd like to buy and sell my way to affording apartment buildings. One building with 50 units is way better than 50 houses....as far as rental goes. We'll see.

@bighands69

5 жыл бұрын

selling can still make money if you then take that money and invest it. Through rental properties I can make a 12% growth but can easily earn 17% through market investment so why bother with the 12% growth. By selling property I have been making an average 35% growth for the last two decades. Renting can make money for that those that only know how to rent. For those that know how to spot a property and then develop it can make far more money. The key is trying to buy below market value, investing and then selling at a level that maximises profits. The land lords of england lost wealth and power a long time ago. Many families went bankrupt.

@Strykehjerne

4 жыл бұрын

Well.. the grand lords of England still own most everything.. nothing is really sold in the feudal system and legal stuff there. Just look at the death of the.. earl of.. whoever still actually owns the land all around the centre of the central London districts. And no death taxes were paid... All the embassies and grand magazines are built on this land.. and have to pay their dues to the lord. (Who can make deals with the local council or something, but ... Usually, the land isn't sold at all.. even if you think you bought it) You can buy a hundred year lease. .. and never own anything else but the right to..... . Sleep? In the place. The idea of what the US could be, was always. Own your own. Not. Freehold or tenure.. Watching from Norway.. never had real feudal system markets... I'm just surprised that you can even build to the throwaway, consumer, use it and dump it standard that is the norm in the US... But Everywhere is different.. And. Suddenly there's a revolution or something.. This guy seems like an ideal landlord. Young, idealistic and smart

Very talented and prolific woodworker and entrepreneur . Thank you for providing this very interesting you tube channel!

This is awesome you're a one man wrecking crew

I bought a 3 family house two months ago for $10,000 all most done with my demolition.

@thehomesteadcraftsman8975

6 жыл бұрын

Good deal, thanks for watching.

Thanks for sharing and your transparency with costs. Very inspiring.

@thehomesteadcraftsman8975

6 жыл бұрын

Thanks

congrats on the process! I found a beautiful 3 story built in 1875, grocery store in the historic district near me that I asked the owner how much she would like out of it, ended up being way more than i could afford, but maybe one of these days.

Love this! Such a great professional finish and attention to detail. Thank you ;)

Looking forward for the rebuild of this little house !!! continu the good work my friend !

My new guilty pleasure: demolition So satisfying!!

Awesome work! Love your house, decor and all! Thanks for sharing. Looking forward to more videos. If I had the choice, I would sell and use that money to keep investing in more fixer uppers! No worries or headaches from tenants.

I admire the feel good Carlton Card movie music. good choice. I'm addicted to your videos. I watched this series right through but...Can't wait for another episode of the $9000 house though...waiting.

Love the new format. Very informative and provides the extra info. that I was looking for the whole time.

It was really fun watching the demolition of this house thank you for sharing your videos with us 👍👏😍

@thehomesteadcraftsman8975

6 жыл бұрын

Thanks

You’ll go places buddy. You are a hardworking individual with a very pleasant personality. I wish you well!

@thehomesteadcraftsman8975

6 жыл бұрын

Thanks

Gorgeous couple doing awesome stuff!

No chimney no Santa ;) hahaha. Watching ppl demolish is just as satisfying as demolishing! Beautiful job on the current live-in abode!

That was my favorite video series

you are building real wealth, not only because of hardwork, but because you live within your means. well done.

@thehomesteadcraftsman8975

6 жыл бұрын

Trying too. Here's my other channel on renovating houses. kzread.info/dron/cDzxOd6Q6OLvBYNH2q98EQ.html

Hi I am living a debt free life now but it took a lot longer than you, I was about 50 when I finally managed to pay off all my debts. Love what you are doing and I also enjoy your videos.

Goto say man was a little scared for you when you were in the attic space knocking out that chimney and the all the ceiling rafters were rocking. Good Video. Thanks, Ron

Can't wait to see what comes up next thanks for the entertainment

Can't help but gaze at the gorgeous kitchen you designed. Could you give us another tour of this house and how you live in a well designed smaller home?

@thehomesteadcraftsman8975

6 жыл бұрын

Once I'm done with this house, I'm going to finish doing the videos on the house I live in. I filmed everything, but never edited the videos.

@smallhitchfarm9090

6 жыл бұрын

cool!

This has always been my dream . Buy old homes , repair them , rent them or flip them . Was young and dumb , trashed my credit , can't even get a loan for $500 😂 live and learn !

Love your videos. I am on my 37th property here in Phoenix. I work a full time job but love the renovation process, especially putting on the final touches.

@thehomesteadcraftsman8975

6 жыл бұрын

Wow, way ahead of me. thanks for watching

Wow. You are such a hard worker! I would love to see the final product.

Excellent stuff, keep the great videos coming.

@thehomesteadcraftsman8975

6 жыл бұрын

Thanks, will do.

Love demo!

I love it you are the man my brother I can't wait to see the next one oh yea lol :)

@thehomesteadcraftsman8975

6 жыл бұрын

Thanks

Keep the good job 👍

Ahhhh the versatility of a sledgehammer!

I miss the woodworking, but this is still a very interesting watch. That's certainly a bigger project than I would sign up for. Keep it up.

Thanks! Gracias!

My preference is to keep a residual income, but flipping has it's instant appeal as well. Thanks for sharing, and good luck!

Man your just great, a lots of hard work. I wish i could be there and do it togethere. I do the same here in Switzerland. You deserve ☆☆☆☆☆

Awesome project. Going to be interesting to see the final outcome.

@thehomesteadcraftsman8975

6 жыл бұрын

Thanks

Awesome job!!!

@thehomesteadcraftsman8975

6 жыл бұрын

Thank you Lynn

I love the brick" I appreciate your video's description...✨💪😁 I'm in great need of finding a home like this" I'm a widow' a single mom' and on Disabilty! I'v had 2 strokes an now seizures I need a safe and protected home for me and my son!✨💞

Yessss I finally found your channel again! Idk how I lost it somewhere along the line and just saw a video of you slabbing you a huge walnut tree. Love your content man and I love you’re plane T-shirt.

@thehomesteadcraftsman8975

4 жыл бұрын

Thanks, t shirt on my website.

I like your vision of finances and business. I am an engineering student and I am really interested in doing the same as you, eventhough it would mean that I will need other people to help since I know very little about manual work. But the idea of buying cheap houses and giving them a new value is something that I have had on my mind for quite a while

Your AWESOME Son!!! Bless your heart for taking on this massive project, and following your heart and doing the right things!!! I would sell...if you can...just my opinion, it's basically all new, let it be someone elses...renters have a tendency to tear up...you don't want to go through this again in 5 or 10 or 20 years. Best wishes with whatever you decide!!! Enjoying your vids and your sweet heart, keep up the good work, your one in a gazillion guy😊!!!

Dude who taught you to work like that. Beast mode

I'm looking forward to buying your ebooks!

@thehomesteadcraftsman8975

6 жыл бұрын

Thanks, I'm looking forward to selling them to you!

Cool! U should have a vid on how it looks remodeled!

Your videos are very helpful and inspiring unlike a lot of channels i see

@thehomesteadcraftsman8975

6 жыл бұрын

Thanks

I have few ideas i hope you like in terms of renovating: 1. Vaulting the ceiling (to increase the height) 2. Opening the floor plan 3. Widening the windows to create more natural light Wish you all the best

@thehomesteadcraftsman8975

6 жыл бұрын

Thanks, all those are good ideas if you were going to live in it yourself, but as a rental it would not add to the value (as in rent price) and for selling you would not see a return.

You might want to consider a pair of work boots or shoes with a steel shank. When I saw those nails sticking up from the floor, it got me thinking, OMG, that’s gonna hurt!!!

@thehomesteadcraftsman8975

6 жыл бұрын

An excellent thought....yet I prance around in my knock-off Crocs like a fool.

woow awesome work I wish have same work

I have been waiting for this video lol found you from the 1st video you did on the house. Can't wait to see it finished.

@thehomesteadcraftsman8975

6 жыл бұрын

Thanks, if you have anyone that would enjoy the series as well, please share! Thanks again.

Great video, I like the style of editing on this one.

@thehomesteadcraftsman8975

6 жыл бұрын

Thank you

It might be the lighting but just a heads up... if you have vision problems, get checked for glaucoma. The way the light reflects out of your eyes at 3:59 hints you might have it.

@thehomesteadcraftsman8975

5 жыл бұрын

I'm sorry, I can't see your comment enough to respond.

@traitorjoseph1893

4 жыл бұрын

The Homestead Craftsman lmao, best comment I've ever "seen" 🤣

I'm used to your other channel, I like the polish of the intro and outro! Looks good! (either way I enjoy the content :) )

@thehomesteadcraftsman8975

6 жыл бұрын

Thank you Megan

I think you should rent it and take an equity line out on it to purchase other property..... If you took out a 20k loan you could buy and rehab another property and use that one to pay the loan off.... After you do some of the other upgrades you mentioned in an earlier video if you were to sell you would see a bigger profit.... I like your strategy.... Its one that i plan to duplicate.... Keep up the good work, and thanks for being an inspiration.... So many people think realestate and think big $$$$ but you've showed how for the price of a used car it can be done.

Advertising as a lease option is a good option IMO. Typically the seller charges a 2-5000$ lease option fee upfront depending on the home value, which lets the buyer "rent" or make payments on the home with the option to purchase the house after the 1-3 year lease agreement is up. Gives a buyer with bad credit an opportunity to own a nice house.

People who can't believe you can get a house for $12k probably live in areas where a 1/16 acre lot without a house costs over $80,000. I just did a quick search, and where I live in Ohio there are dozens of houses listed for under $15k, which fixed up could sell for $60,000. Of course you'd have to watch how much money you spend renovating it, but its certainly doable to make a decent profit. I've watched most of the videos in this series, and something that I'd find interesting would be a running total on how much you've currently put into the house, if you're open to suggestions. That said, this is a great series of videos, and this is something that I'd be very interested in trying to do when I get my house paid off.

Wow the walls separating the rooms where you busted through and basically pushed down looked like little more than thick cardboard! Not even drywall? I love watching demolition, good job!

@thehomesteadcraftsman8975

6 жыл бұрын

It was drywall, it's easy stuff to knock out. THanks

There was a bank repro house here that went for $3500! People have no idea what they can get a house for! The house was move in ready to! Backed onto a river!

Next time you demo, please take the fluorescent bulbs out of the fixtures. No reason to break them and spill mercury (even the tiniest amount) into the environment. Kudos on the hard work and financial freedom.

@thehomesteadcraftsman8975

6 жыл бұрын

Agreed......with that said, I didn't break a one somehow.

Great job,you should be on hgtv. That was a lot of work editing all those shots!😀

@thehomesteadcraftsman8975

6 жыл бұрын

Ha, it was a lot of editing.

@MoPoppins

6 жыл бұрын

I think THC could be on HGTV, as well! PBS or more quality programming-based channels (i.e., informative, rather than spectacle for shallow people with short attention spans) would be more suitable for him, I think, but definitely has what it takes to be on TV!

@thehomesteadcraftsman8975

6 жыл бұрын

Feel free to send them an email, better from you than me! Thanks for watching.

@MoPoppins

6 жыл бұрын

I believe I've actually tweeted HGTV before, sending them a link to your channel. It was quite some time ago, when you were working on your tiny house and showing us the hand tools you'd buy for cheap and restore. (How long ago was that? A couple years back?) If it's something you'd really like to expand into, it wouldn't hurt to share that bucket list wish with your viewers to have us/them contact whomever you'd like to have notice you! ;) I think it'd be more powerful to have a block of people sending correspondence about you, rather than a sporadic trickle. Say the word, and catalyze your viewers into action, if you dare!!

@thehomesteadcraftsman8975

6 жыл бұрын

Perhaps I will, i've got so many projects going on now that if HGTV called me I might have a heart attack....but I'd risk it.

I'm anxious to learn how you find and negotiate these deals. Love your video's!!

@thehomesteadcraftsman8975

6 жыл бұрын

That will be in the books, but the short answer is not in the real estate listings! You've got to get to them before they are for sale.

@RogerSnell

6 жыл бұрын

Oh, I have to pay for the advice. Lol

Love that you preserved the small panels. Were they cedar?

Do you think it would have been easier/cheaper/faster to build a small structure from the ground up rather than a complete rehab?

Cool

You're a fucking inspiration, dude. Love your videos.

In your opinion what is the prettiest wood as far as unique wood. Love your videos,wish I had your knowledge. Great inspiration for me watching you.

Curious if you've set a budget on the renovation portion of the project or keep it somewhat open due to unforeseen issues, etc.? I've been checking out your vids for a couple of months and am hooked--great job!

@thehomesteadcraftsman8975

6 жыл бұрын

No, I just spend what I must to get it complete. A budget is just something I'd waste time coming up with. I just look at it, get a gut feeling and go at it. In this case, roughly $10k for the renovation.

Wow

Great work out. At my age, I'd use a sawzall on half of the stuff you did manually.

@thehomesteadcraftsman8975

6 жыл бұрын

I like smashing, gets out all my inner rage.

just curious as to what you wound up keeping other than the exterior walls

I bet that house smelled delicious. lol

I really liked the new compilation style. I am currently renting out a house and I do like the passive income but I think you should flip this one and step up a bit. Maybe something you could do less to and get around $1200 a month for. Keep it up man. You're awake.

@thehomesteadcraftsman8975

6 жыл бұрын

Thanks, I've been thinking the same thing. It's easy to get excited about things and go for whatever you can handle at that time, for example, buying the first cheap house you find. I've realized that and am starting to aim several steps above what I'm doing now. I'd like to buy apartment buildings, even if the rent is not high, you're dealing in volume. I could have someone manage it and not have to be a landlord, which is not my goal.

You should think about doing a rent to own (RTO)then you won't get hit bad with capital gain tax. Definitely worth researching on.

A 12 minute video for a 12,000 house.

Looking at houses in Florida to do this.

Debt Free Living...the only way to go!

@thehomesteadcraftsman8975

6 жыл бұрын

Makes sense to me

I like this new format but do you have anything on the after renovations just so we can see the comparison of before and after.

@thehomesteadcraftsman8975

6 жыл бұрын

+My Life So Far Its not finished. Im posting as i work.

What part of the country are you located in?Up here in NEPA we can get houses at this price however they are usually row homes. Good video. thanks, Ron

It's a lot of work, I have also done some reno work and it's not what I would call glamorous work. I do recommend a good filter mask and I notice at times you were not always wearing a hat. It's a good idea to wear a hat, even if it is just something like a welders skull cap to keep contaminants out of your hair and away from your scalp. Also I would strongly recommend wearing work gloves as well, old homes with old building materials harbor a lot of contaminants that can translate into health issues down the line. Things like dust, rust, lead, mold and asbestos are common hidden dangers that can enter into the body in many ways, so wearing goggles is also a good choice along with solid safety work footwear. I know wearing long sleeves during the hot summer is totally uncomfortable but there are these one piece work suits you can get, that zip up and come with a hood as well, made of a light white fiber material. I have used them, they're not expensive, you might want to consider something like that. Good job and a great video, looks like your becoming a Land Baron, keep at it. Selling your house outright to get the working cash you need to finance the go ahead on one or more other projects might be your best option to move you forward faster. But future acquisitions you may want to consider making rental properties, especially if they are in better areas where shopping, schools and public services are more accessible. I am going to be looking for a property in the coming year and priorities I have are being on town water supply and hopefully sewage, town garbage pick up, easy access to the electrical grid. I also want access to the natural gas system and be reasonably close to shopping and a hospital. It seems like a lot but I have had all that no matter where I have been. All the best in your future challenges. Oh yeah, I was originally here to check out your knife videos, well done.

Do you have some podcasts to recommend? You listen to some "how to make money" podcasts or radio show? Great videoes as allways

Sell it. That way you don't have to deal with renters!

My husband and I been on the look out for abandoned homes and we are really trying to find one to fix up and make it our home, I just wonder if we could also buy a home for about 12,000

I personally would build up at least half a dozen homes to rent and decide to sell or rent when you come the age of retirement. Steady income or a windfall of cash. Steady income for 6 homes over a 20-30yr period is a lot of cash, and then you can sell them for more than they are worth now. Just sayin. Nice work. I have done a few homes myself like you did in this video. Its only labor and time in my eyes. Something you dont need if your wasting it in front of a TV all your life like most people. A little work will go a long ways if investing your time properly. Im definitely a subscriber now. Keep up the great videos. Smile

@thehomesteadcraftsman8975

6 жыл бұрын

We'll see, it's a lot to consider. I personally would like to build up a lot more rentals that you suggest. I'd like to get into apartment buildings and complexes if I'm going to stick with rental. Buying and selling houses would be a good way to build up to that level. Renting houses is tempting when you are getting started in contrast to not doing it at all but aiming higher is better with rentals than just having a handful of single-family houses. The liability and attention required are fairly high for what you get. But again, we'll see....thanks for the input.

@theropesofrenovation9352

5 жыл бұрын

@@thehomesteadcraftsman8975 That's what I want to do. (apartments). Looked at a 5 unit apt. A LOT of termite damage. It's a Florida thang! Pesky little buggers. Had to pass on that one.

Is there any websites that you go to find these fixer upper houses?

What aboùt the asbestos?

Was there mold in that home?

I enjoy all of your content, but any news on your forays into knife making? I enjoyed learning along with you and am curious to see your designs take shape.

@thehomesteadcraftsman8975

6 жыл бұрын

I really want to get back on my knife I'm working on, the curved blade but every second I spend on that is not spent on my long list of what I should be doing. With that said, I'll be back on it eventually. This particular knife is one I want to be in a good and patient mindset when working on it, as I want it to be my "masterpiece". Thanks

@Conan_Obrien

6 жыл бұрын

Totally understandable. I'm patient and I'm not alone. Thanks for the update and for all the great content.

Dave Ramsey would be very proud of you living DEBT FREE.

@thehomesteadcraftsman8975

6 жыл бұрын

but I did not buy his books to get there!

Wondering why you demoed the floor joists?

@thehomesteadcraftsman8975

6 жыл бұрын

The ones I removed were water damaged.

@bradykirkwood

6 жыл бұрын

he has a previous video, but I believe it was because of rot.

@mariayelruh

6 жыл бұрын

There was rot from leaking - he explained on his other channel with the video covering that.

@lyles637

6 жыл бұрын

Floor joists removed to help dig out dirt to provide more clearance under floor to make it easier to get under floor in future. Check out his other channels for more details of this reno.

Could you offer any details on your Concrete Countertops that you made? (Concrete type, form build, sealer type etc)

@thehomesteadcraftsman8975

6 жыл бұрын

quickcrete 5000, poured upside down on melamine. I used rebar. Polished smooth with a polisher I got off amazon. I'll do a video on them eventually. I filmed the process....like 2 years ago.

Bought my rental for 15k. Have had renters in it for almost 3 years I make $450 PM it's 3 bedroom 1 1/2 bath. Looking to get another. I say rent it.

how about a video of the finished project??

@thehomesteadcraftsman8975

6 жыл бұрын

Just as soon as it's done.

God is watching over you and protecting you. Cause the rocking the cinder blocker chimney on the roof was scary.

@thehomesteadcraftsman8975

6 жыл бұрын

Thank you, there is a little risk in all this.

Good job. Was it just me or did the video repeat part of it in the middle portion?

@thehomesteadcraftsman8975

6 жыл бұрын

Not sure, I showed the $5000 house twice.