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DO NOT BUY THIS HOUSE | Noob vs Pro

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we got another new Bruce Pro episode for

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you from Utah for househack welcome to a

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two-in-one from the 20s plus a basement

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now you know in my new Bruce Pro Series

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we like talking about what the noobs

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like to do and what the pros like to do

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and many of you have heard me talk about

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wedge deals finding a fixed dropper you

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could add value to well there are

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properties that you want to add value to

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and they're properties you don't even

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want to touch

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you're going to find out what kind of

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property this is let's get started here

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so most people even the noobs are going

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to pull this off they're going to look

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at a property like this and say oh it's

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probably got hardwood floor underneath

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the carpet right and the answer to that

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is yes it does it's got your one and a

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half inch oak and this is a pretty

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typical

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1920s style property you'll find them

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pretty much throughout the United States

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very common and people will refinish

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these hardwood floors often you can tell

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and the pro will know this versus a new

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but a pro will look and see can we see

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any nail heads coming through and

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sometimes when we see nail heads it's

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just a sign that it's been refinished in

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the past multiple times and there might

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be a limited lifespan left now another

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thing that I like to this I don't see

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nailheads here so that's good now

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another thing that I notice as I kneel

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here and you'll have to come around to

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see it but I can actually see the tiling

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kind of sneaking up towards the tub over

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there and then the floor it might be

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hard to see on the camera towards the

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back also divoting right in the middle

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of this the hallway here and coming back

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up it's not uncommon for these raised

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Foundation Homes to have sagging in

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different parts of the property but

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these are issues that you're going to

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want to inspect underneath a lot of

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these homes when they were built were

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built on Piers that were really just

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stacked together blocks of rock and if

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you have a lot of these that have rotted

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away or the rocks have started falling

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away you're going to be adding a lot of

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expense per Pier just to get the

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property jacked back into place you

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could be looking at 700 1200 bucks per

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pier and you start adding 20 Piers

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together it starts getting expensive you

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go down there and you're like okay we

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got two Piers to do over here and it

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solves most of the issue maybe that's

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not that bad but now this means going

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underneath the property some more work

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to do here now remember I like looking

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for properties as a pro would do rather

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than just being a sort of a noob going

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okay hello Kevin says buy a fixer-upper

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I like looking at the property going

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okay well what upgrades do we have well

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this is actually an upgrade from 1970.

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it's an upgraded aluminum window but

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it's trash it's garbage you don't want

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that anymore the original windows in

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this property would have been these

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these are your uh original wood windows

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right here it's a single pane window uh

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and this is an operable single pane

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window although it's mostly been painted

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shut I can't even get the darn thing

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open anymore look at the alarm sensor is

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wired in over here very common for these

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to be painted shut the pro also looks at

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these and says most of these are painted

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with an oil-based paint a lot of people

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did not know they went over these with a

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latex and it peels right off you're

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probably looking at a lot of leaded

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Paints in some of the underlying coats

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of paint as well hey you want to get a

3:04

good deal on multi-family or single

3:06

family real estate check out my programs

3:07

on building your wealth link down below

3:09

so you're at a millionaire real estate

3:10

investing do yourself property

3:12

management and Rental Renovations and of

3:14

course you can consider shadowing me now

3:16

as well I'll link to below we've brought

3:18

back shadowing after selling out the

3:20

first time around let's go and even

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though this property has my favorite

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Style Idol of kitchen this property

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doesn't feel like the property that's

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actually had any pride of ownership now

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I don't know what could that give that

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away but I'll let's just put it this way

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the kind of person who's going to find

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this kind of living environment

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acceptable with the splattered grease

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and this nasty and the damage to the

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countertop unless it was a hoarder of

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some kind but I mean this is quite nasty

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too putting up a foil here to catch the

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oil as you're cooking rather than just

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cleaning it every time and I mean just

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look this is this should go to tell you

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I mean you've got rat droppings in here

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basically this should go to tell you

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that this is not somebody who had any

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respect for the property at all but it's

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not just that because I can clean stuff

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like that up we can put in new cabinets

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where it becomes problems when you're

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looking at when you start looking at the

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systems of a property and that's what

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the noob forgets the noob says well

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every property I go into is going to be

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a fixer-upper anyway so I'm going to

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have to deal with all the crap anyway

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that's not necessarily true when you go

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into a quality remodel you're not going

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to find these open 1950s junction boxes

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that are just old trash wiring sliced

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together with knob and two garbage what

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you want is ideally you want like a you

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know 1990s Grandma who came in here and

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redid all the electrical redid the

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plumbing did the foundation work did the

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water heater the windows the furnace

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but she's still got the old 90s kitchen

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cabinets and the old flooring and the

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dated wallpaper and the old paint this

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is disgusting it's probably I'm not

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going to use the m word but apparently

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some drug use on this one he's still got

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an original for well it's probably not

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original but you had an ancient furnace

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over here you can see the work that was

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done relatively basic if not near shoddy

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on on some of the water heater work here

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no Smitty pan you know the funky

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pressure relief PEX pipe over here uh

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the piping over or the venting over here

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doesn't look terrible but could be

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better certainly seen much more

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professional installs you're going to

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find these properties are also laugh and

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plaster what that means is you have lath

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and plaster see laugh is this wood this

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is Plaster which makes it really hard

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for you to hang pictures you find this

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mildew and mold uh mostly uh sort of a

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window mildew here you're going to find

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a lot more of that hold an issue

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over here this is all Subterranean this

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is in your basement over here so pretty

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disgusting over here these are these are

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all expensive issues and in an old house

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like this there's nothing salvageable

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really everywhere you look it's damage

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it's a rot everything has to be redone

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frankly this is

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I mean it's not a tear down but it would

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be you would get more out of this a lot

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tearing it down almost I know we can fix

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it up but this is probably not something

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I would do because it would cost me too

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much money I would have to do uh the

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foundation the roof the plumbing the

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drainage around the property the water

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heater the windows the furnace and then

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I get to the cosmetics and by that point

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I've spent a lot of money I mean every

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door is broken every baseboard is

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damaged The ceiling's Moldy I mean you

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could see the water stains over here uh

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everywhere you look it's damaged I don't

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even have a functional ceiling

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throughout most of the property it's

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rough even you go into the bedroom and

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what do you get in the bedroom yet

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another corner with mildew

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yet another broken set of doors more

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paint that I have to drywall fix because

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it hasn't been fixed in forever more

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windows that I have to replace and now

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I'm in a neighborhood where look at this

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I got a neighbor who has the original

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window here they replace the back window

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but they never trim molded that window

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out properly you could see the funky

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trim around their window so even if you

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remodel yours you're next to somebody

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who leaves all this trash out uh and and

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does funky remodels themselves older

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roof as well no Chimney Cap I mean what

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is that that Barn back there I mean well

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you're going to come in this

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neighborhood and remodel to live next to

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this and then don't even get me started

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on your own garage and I know this one's

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not much better but I'm just saying if

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you're gonna come remodel look at your

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garage that is literally a tear down the

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roof is rotted away uh it's uh this is

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just an example where a true Pro will

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actually say yes it is a fixer everybody

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knows it's a fixer but it's so much of a

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fixer that it's actually dangerous it is

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a dangerous prop property to consider

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because there's so much to do and beyond

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that a noob looks and goes oh I can do

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this you know I'll slap some paint

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around bro no you're not you're not

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slapping paint around all the wooded rot

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uh rotten frames and all the mold and

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trash electrical splices I mean whoever

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left the property like this

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you know the electrical junction

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wherever they put all of our electrical

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Junctions in the walls or in the

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substructure we're going to be janky and

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trash I don't even want to know what's

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going on down there and if you think

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like in a you know under under this

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portion beyond the part that we were

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able to access uh I'm talking about

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where the actual Junctions are which

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usually when they have basements in sort

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of the uh the closeted areas I don't

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even go into those uh but uh not only

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that some people are like oh but you've

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got an attic up here right well don't

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expect to go into this some of these

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older properties you've actually it's

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actually surprisingly have got a little

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bit more room over here a lot of these

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older properties have relatively flat

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roofs and there's very limited space

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this is actually a benefit so while I

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was going to say you have to be careful

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on these 1920s homes because a lot of

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them were flat roofs and you have

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basically this much space so in other

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words you want to add can lights you

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just have to rip the ceiling down which

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is laugh and plaster so a lot harder

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than drywall that is actually the only

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good thing I've seen so far of this

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property is that you have an accessible

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attic usually you don't uh on on some of

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the older properties like this but

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anyway all that said look

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this is not something I would touch for

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my real estate startup and it really

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isn't something anybody should touch

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unless they're getting a phenomenal deal

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would I touch it at a certain price of

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course but the odds are I'm not going to

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get it for the price that makes this

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make sense somebody else is going to buy

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this thinking they're getting a good

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deal and then they're going to be one of

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those stories where they go in with a 50

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000 budget and they come out 150 000

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later and upside down on the deal this

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is a very risky kind of property and if

9:57

you'd like my perspectives make sure to

9:59

consider shadowing me as I explore a

10:01

real estate around the country or in our

10:03

local market also check out my programs

10:05

on building your wealth especially the

10:07

zero to millionaire real estate

10:08

investing course and the do-it-yourself

10:09

property management and Rental

10:11

Renovations course link below

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