Flipping Your First Deal | Ep. 1 Analyzing the Deal

Christopher Gill, experienced house flipper, and serial entrepreneur takes you on the journey of flipping a house.
This in-depth and engaging series isn't your generic flipping show.
Ep. 1 is all about analyzing the deal. Follow Chris to learn how he analyzes this property and stay tuned for Ep. 2 - Creating a Killer Floor Plan!
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Пікірлер: 145

  • @americansweetheart5597
    @americansweetheart55974 жыл бұрын

    My first house, the lady that brought me the keys said 'so are you going to demolish it?'. I've doubled my money. 😊 First flip. I'm a 26 year old single female. Rebuild roof, subfloors, porches, plumbing, flooring, removed walls, new everything. The people who say its to big of a project or to just bulldoze it, they don't have the heart for it. Let them talk. You go ahead and do everything they said you couldn't. I had so many people tell me I couldn't or shouldn't do it.

  • @sergiogonzalez4796

    @sergiogonzalez4796

    4 жыл бұрын

    Eternity Bliss do you have pictures!!

  • @tdmoses2386

    @tdmoses2386

    4 жыл бұрын

    Is not about having the heart for it we are looking to make money and you could have probably triple your profits had you found the place that was quiet last renovation

  • @kevinbillman6642

    @kevinbillman6642

    4 жыл бұрын

    Would you be willing to answer a few questions on the financial spectrum?

  • @aidanh.3314

    @aidanh.3314

    3 жыл бұрын

    Did you hire a contractor to do the fixes?

  • @addagirl3487

    @addagirl3487

    3 жыл бұрын

    Did you do most your self of hire help and professionals?

  • @stadler72
    @stadler726 жыл бұрын

    I like extreme examples like this because it shows you more about what's possible. REALLY looking forward to the rest of the series.

  • @AdamBrownKC
    @AdamBrownKC6 жыл бұрын

    This is really interesting, but definitely a bit much for a first-time deal. I'm not saying it's impossible or can't be done, but if you're brand new it might be too advanced.

  • @christopherfgill

    @christopherfgill

    6 жыл бұрын

    Totally agree! Probably better to ease in to these sorts of deals. My first rehab was around $20k; mostly cosmetic updates.

  • @americansweetheart5597

    @americansweetheart5597

    4 жыл бұрын

    Not true.

  • @maylinravelo1519

    @maylinravelo1519

    4 жыл бұрын

    I agree.

  • @yungblazer3627

    @yungblazer3627

    4 жыл бұрын

    Im thinking about doing me my very own project i worked in construction with my dad since i was 13 im now 18 i think i might be ready in a few years ive been saving since i was 17 i think in a few more years ill be ready to buy and do my first project also i live with my parents so i save alot of money

  • @drakebrainard4964

    @drakebrainard4964

    4 жыл бұрын

    @@christopherfgill should i get a fha loan for my first one?

  • @going2sleep
    @going2sleep5 жыл бұрын

    This is a nightmare project.

  • @Chanseit
    @Chanseit6 жыл бұрын

    Already LOVE this series! Cant wait for more Ep's!!

  • @vtonyvicente102
    @vtonyvicente1026 жыл бұрын

    Now this series is something I can get into. Beautifully done. Not shotty with a lack of structure and audio like literally everything Dave Meyer has ever done

  • @christopherfgill

    @christopherfgill

    6 жыл бұрын

    Glad you liked the video!

  • @keiththomas653
    @keiththomas6536 жыл бұрын

    This will be a great great series I can’t want for the second

  • @gcxlc
    @gcxlc6 жыл бұрын

    Chris this is fantastic. Looking forward to Ep. 2

  • @phillipsynenberg7317
    @phillipsynenberg73176 жыл бұрын

    You certainly have your work cut out for you here. I'm excited to see the outcome of this.

  • @michaelgonzalez8863
    @michaelgonzalez88636 жыл бұрын

    Can’t wait till the next episode!

  • @user-uy3eq5hg1s
    @user-uy3eq5hg1s6 жыл бұрын

    I like this guy's videos a lot. More of him please!

  • @faydman
    @faydman6 жыл бұрын

    This looks like it could be a really good series. Thanks.

  • @Mckristof14
    @Mckristof146 жыл бұрын

    awesome video!! Hope the series continues!

  • @joey6608
    @joey66086 жыл бұрын

    Yeah this definitely isn’t a house for beginners like me

  • @netania123
    @netania1236 жыл бұрын

    I can’t wait for episode 2 ☺️👍

  • @suprafan246
    @suprafan2465 жыл бұрын

    Looking forward to following it.

  • @RyanAngel2001
    @RyanAngel20016 жыл бұрын

    I look forward to Episode 2!!

  • @cvillegas89
    @cvillegas896 жыл бұрын

    Exciting!!!

  • @alexflaugher430
    @alexflaugher4306 жыл бұрын

    Awesome idea for the series. Really enjoy the shorter videos with great content!

  • @christopherfgill

    @christopherfgill

    6 жыл бұрын

    Thank you so much! Can't wait for the rest of the project.

  • @tmp6348
    @tmp63485 жыл бұрын

    BROOOO Im scared as hell for you with this house... But I'll keep watching lol

  • @3sixty439
    @3sixty4396 жыл бұрын

    Hope it's a quality rehab, good luck!

  • @SteveRam
    @SteveRam5 жыл бұрын

    Wow. I've done a few fixers now, some are bigger projects than others, but that one is falling apart! literally

  • @SeanPGribbons
    @SeanPGribbons5 жыл бұрын

    Have to know 3 main numbers ARV and repair value those 2 numbers will determine the third and most important number..... the buy price. All the money is in the buy.

  • @brandonbellino8896
    @brandonbellino88966 жыл бұрын

    I love the concept, but wouldn't it be better to use a better house as your case study/example? Not many people would choose a home needing that amount of work as their first flip, nor should they. Why not use a more realistic house for a first time flip?

  • @andrewfischer6896

    @andrewfischer6896

    6 жыл бұрын

    Brandon Bellino I agree, that is the only thing I don't like about BP. They make to much content towards deals with insane an amount of work like this or on crazy huge deals that 95% of there audience would never do.

  • @darrins3206
    @darrins32064 жыл бұрын

    This is not "analyzing" a deal. It was a quick walk through with no breakdown of cost estimating. Also, I cannot see paying 135k for that house in it's current condition in Texas which has a relatively low cost of living.

  • @typhenis

    @typhenis

    4 жыл бұрын

    San santonio historic district is why it has good inherent value

  • @l8dykickass418

    @l8dykickass418

    4 жыл бұрын

    The asking price was $299,000 I wonder how much he offered them for it 🤔 I think it sold for $320,000, after the renovation and 6 price reductions, that’s what the records show 😳😳

  • @BeyondTheBoundsOutdoors

    @BeyondTheBoundsOutdoors

    2 жыл бұрын

    Yup....walks thru a house...talks about.can flip anything with time and money.

  • @JCM289
    @JCM2893 жыл бұрын

    This project a different breed.

  • @papaiz1
    @papaiz14 жыл бұрын

    This house is SOOOOOO DOPE!

  • @josecornell293
    @josecornell2936 жыл бұрын

    You guys did an amazing job

  • @christopherfgill

    @christopherfgill

    6 жыл бұрын

    Thanks so much! Getting there slowly but surely :)

  • @BeastmodeJones316
    @BeastmodeJones3166 жыл бұрын

    just tear it down and build a new house over it..lol

  • @MichaelP-ke1tm

    @MichaelP-ke1tm

    6 жыл бұрын

    PumpChasers Wheres Vince G at lol

  • @christopherfgill

    @christopherfgill

    6 жыл бұрын

    Because the home is in a designated historic district it's almost impossible to tear down (even though it's in REALLY bad shape). Definitely something you should way the pros and cons of before starting to work in historic districts.

  • @BeastmodeJones316

    @BeastmodeJones316

    6 жыл бұрын

    fuck man..lol i lstill ook forward to seeing how it come out

  • @JayWerx

    @JayWerx

    6 жыл бұрын

    Swear I was thinking that too

  • @MrMadskillz407

    @MrMadskillz407

    6 жыл бұрын

    What up Mr Jones!!

  • @jeffreybrooks3004
    @jeffreybrooks30045 жыл бұрын

    Music takes away from the video. Too loud

  • @minhajeee
    @minhajeee5 жыл бұрын

    Add some proposal graphics and lower the background music volume, difficulty in concentrating...

  • @5710fpilot
    @5710fpilot5 жыл бұрын

    I wouldn't have spent more than 13,500 on that project lol!

  • @thefunyunconnoisseur2995
    @thefunyunconnoisseur29956 жыл бұрын

    I live in San Antonio, any advice for this market?

  • @xCCflierx
    @xCCflierx6 жыл бұрын

    Is there a video you guys have that just breaks down how to structure a deal? Like a template to use when pitching to investors?

  • @christopherfgill

    @christopherfgill

    6 жыл бұрын

    Stay tuned... ;)

  • @danielakasmart2891
    @danielakasmart28916 жыл бұрын

    Where is ur hazmat suit???

  • @KyrstOak
    @KyrstOak5 жыл бұрын

    What's the thing at 1:56 called?

  • @AprendizAdulto
    @AprendizAdulto6 жыл бұрын

    under 3 months. dayum.

  • @gphillips719
    @gphillips7196 жыл бұрын

    Are certain houses historic or is it more of whole neighborhoods that are historic? Is there a way to search if a property is in a historic district?

  • @christopherfgill

    @christopherfgill

    6 жыл бұрын

    Depending on where you live the city will have a way of designating historic districts (whole areas that are historic), or specific houses that are historic. Check your tax role website, or local development services office.

  • @gphillips719

    @gphillips719

    6 жыл бұрын

    We live In Wichita Kansas. I've heard of historic districts here but I wasn't sure of how to find out where they are or what areas. Would tax role website be the same as tax assessors website??BTW enjoyed the videoyou should do a post flip video.Thanks Chris!

  • @tirrelcarkhum5562
    @tirrelcarkhum55623 жыл бұрын

    Where do you get the money to cover the rehab

  • @MasterTizzle318
    @MasterTizzle3185 жыл бұрын

    Do you buy from wholesalers???

  • @JBatsche
    @JBatsche6 жыл бұрын

    Good luck with this project, this is my neighborhood.

  • @christopherfgill

    @christopherfgill

    6 жыл бұрын

    Heck yeah! Transforming Diggy Hill one home at a time!

  • @MattCassCook
    @MattCassCook5 жыл бұрын

    What did it sell for in the end? What was the profit margin?

  • @UnboxDad

    @UnboxDad

    3 жыл бұрын

    It never sold according to Zillow.

  • @281covfefe5
    @281covfefe56 жыл бұрын

    Shower in a closet ?? How does that work ?? Asking for a friend

  • @sole48341
    @sole483414 жыл бұрын

    This is for an advanced home flipper. Once you start fuckin with the foundation, it’s better to leave that to a more experienced team

  • @ambiorixjaquez2549
    @ambiorixjaquez25493 жыл бұрын

    Where does the analysis come in ?

  • @jenniferbryant31
    @jenniferbryant315 жыл бұрын

    Do more vids like this

  • @santoambre
    @santoambre2 жыл бұрын

    Chill with the techno music

  • @FlippinGenius
    @FlippinGenius6 жыл бұрын

    sometimes its best to just walk away. LOL omg. the whole house is slanted... like a fun house eh? your foundation is done

  • @andrewfischer6896
    @andrewfischer68966 жыл бұрын

    Must be free labor in Texas. Because you are absolutely insane if think you are going to fix a home of that size with that much distress for only $100k

  • @hudsonhawksales9484

    @hudsonhawksales9484

    6 жыл бұрын

    I was thinking the same. Why ? I lived in South of Dallas for 4 yrs I didn't see San Antonio as that type of market. It looks like he is either using a 70 or 75% rule. If he spends 250K and makes 100K then its a good depending how much of the profit goes to him off this deal

  • @wendyannh

    @wendyannh

    6 жыл бұрын

    Amen to that! Let's see how close he actually gets, but I'd be amazed if he were able to do it for even double that.

  • @eriq54321
    @eriq543215 жыл бұрын

    Looks like a super stress headache with a lot of sleepless nights.

  • @tacticaltemplar875
    @tacticaltemplar8755 жыл бұрын

    Gotta throw the whole damn house away.

  • @teelawalt2411
    @teelawalt24115 жыл бұрын

    135k guy u can by a livable home for 20k but head

  • @AllAboutPurple
    @AllAboutPurple2 жыл бұрын

    Damn $135K…they couldn’t get the price down??? Maybe because of historic neighborhood.

  • @weareorigin
    @weareorigin6 жыл бұрын

    What about the Texas climate change in the next decades though? Some predictions estimate Texas to have less water and more heat? Cincinnati has been getting more green December grass and less snow days in last 30 years.

  • @christopherfgill

    @christopherfgill

    6 жыл бұрын

    Can't control the climate, but I know at least right now Texas is a great place to start a business, low overall taxes, and steadily growing population. All that hopefully equals a fantastic place for real estate investing!

  • @dbsstudent7719
    @dbsstudent77194 жыл бұрын

    I'm getting into flipping. This house is a disaster, you even mention foundation IM OUT ✌️ unless they sold it for 10 thousand

  • @jasonalexander6417
    @jasonalexander64174 жыл бұрын

    $100K for rehab really? That must be a your starting price!

  • @corychalker
    @corychalker5 жыл бұрын

    Was this a bank repo? Looks like you picked it up for 5 bucks

  • @corychalker

    @corychalker

    5 жыл бұрын

    Oh nice you broke down the price and what you will invest into it

  • @57ashdot
    @57ashdot Жыл бұрын

    That house looks like a 'knocker downer' not a 'fixer upper'

  • @WarriorWillTv
    @WarriorWillTv6 жыл бұрын

    Something tells me this ain’t his first rodeo!! He must be rich already to throw out those big numbers... and all in three months!

  • @christopherfgill

    @christopherfgill

    6 жыл бұрын

    So there isn't any confusion; this definitely isn't my first rehab. If you want to learn a little more about how I got started in real estate check this video out: kzread.info/dash/bejne/gZZ8rMaPl9GYipM.html

  • @WarriorWillTv

    @WarriorWillTv

    6 жыл бұрын

    Thanks for sharing that! Super cool that you’re young like me and you’re killing it bro! Much continued success! Guess I’m still in the learning stages!

  • @thepipgroupllc5880
    @thepipgroupllc58805 жыл бұрын

    This is a beauty of a fixer upper! We deal with houses in this condition on a daily! (Read more on how you can too... Below) -- WARNING shameless plug LOL! -- Houses like this might scare people, however, they can offer some of the greatest returns! Our full turnkey services can help you take something like this and create great yields! We live by the phrase "You invest... and we do the rest" In just about 9 months, go from something like this to a completely renovated and resold home! Ask about our 16% promise! Every home we flip you make a minimum of 16% Annualized return. Contact us today for a FREE consultation. -- End of shameless plug --

  • @LoveHurtsEnt

    @LoveHurtsEnt

    5 жыл бұрын

    Interesting...

  • @reifacilitator6173

    @reifacilitator6173

    5 жыл бұрын

    16% annualized? Sounds pretty good.

  • @williambrown7828

    @williambrown7828

    5 жыл бұрын

    Sweet.

  • @eurograterol1824
    @eurograterol18246 ай бұрын

    I doubt he paid 135 k for that house! He really probably paid 20 k is extremely damaged and in San Antonio 135 k for 1800 is over priced 😊

  • @thatfunkymonkey
    @thatfunkymonkey4 жыл бұрын

    Dude you lost me at "shiplap is a type of sheetrock" seriously? How do you make money?

  • @markgabryel3318

    @markgabryel3318

    4 жыл бұрын

    Brassmonke X He’s just saying it’s a wall covering for people that don’t know what shiplap is.

  • @jeffminnesota7376
    @jeffminnesota73766 жыл бұрын

    Wow. Wear do you start to swing the hammer lol...a project....hope it cost 10000 .

  • @rednkfn
    @rednkfn5 жыл бұрын

    Think I would have burned it...

  • @kcooks3
    @kcooks34 жыл бұрын

    Hello I am new to this whole real estate I have no experience at all. I don't know where or how to start. I just need some one to help and show me how to do this. I work part time, where do I get the money from to get start. I need help I live in illinois. If there's anybody out their that is willing to help or mentor me I do appreciate it so much. Thank you all and have a bless day

  • @ontheflipside1285

    @ontheflipside1285

    4 жыл бұрын

    Hey K! One of the hardest parts about getting started in flipping is getting some funds to start with. If you own a personal home right now you can look into getting a home equity line of credit. This is basically a loan against the equity in your home. This is what I did to start my flipping business! Don't underestimate talking with family and friends either! It may make sense to partner up on your first few houses with someone who may have a little extra capital. Work on learning as much as possible and put together a business plan you can show people! Good luck to you with getting started in real estate! It is a super fun and rewarding career!

  • @Arthur-Silva
    @Arthur-Silva5 жыл бұрын

    Definitely not a deal for a beginner, you really need to know your shit before you jump into such massive project.

  • @johnjamele
    @johnjamele5 жыл бұрын

    Man I wish I had a dime for every house-flipping wannabee scam artist on KZread trying to profit by going after the fatal combination of stupidity and greed.

  • @pinkgirl8181
    @pinkgirl81815 жыл бұрын

    Love watching this flip videos and 🙈all I am noticing is your beautiful eyes🙈🙈😂😂🥰🥰

  • @paulbrasfield1594
    @paulbrasfield15943 жыл бұрын

    Wow....135k for a house in that condition?? And you're actually willing to pay that? That's not good investor efficiency.... Lol

  • @matthewerwin4677
    @matthewerwin46775 жыл бұрын

    I bet he lost his ass on this deal.

  • @DeeplineStyle
    @DeeplineStyle5 жыл бұрын

    Waaaay too much required for this flip. Should've passed on this one.

  • @eves714
    @eves7143 жыл бұрын

    The background music is sooo unnecessary and distracting :(

  • @General_reader
    @General_reader6 жыл бұрын

    Waist of time and money. Nothing left of the character... Just burn it

  • @teelawalt2411
    @teelawalt24115 жыл бұрын

    hes high off of pot too smh

  • @johngrable8001
    @johngrable800110 ай бұрын

    That for 135k, my boi you got scammed

  • @rogerhumphrey9277
    @rogerhumphrey92774 жыл бұрын

    i wouldnt have paid more than 35K for that home. historic area or not.. you got stiffed

  • @JohnDoe-du1no
    @JohnDoe-du1no5 жыл бұрын

    Math don't add up guess you going in the bankruptcy Chapter 7 no assets

  • @marvingiron3243
    @marvingiron32434 жыл бұрын

    I seen worst then that

  • @alabamahouseflippers4480
    @alabamahouseflippers44803 жыл бұрын

    Pos

  • @justinmaringonzales3715
    @justinmaringonzales37155 жыл бұрын

    A waist of time and money!!

  • @MrAzizisse
    @MrAzizisse3 жыл бұрын

    Learn to do most explanation with least talk

  • @James-cg4jo
    @James-cg4jo4 жыл бұрын

    Why would you buy this dump lol

  • @teelawalt2411
    @teelawalt24115 жыл бұрын

    hes lieing to u guys