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The Easiest House to Buy | Noob vs Pro.

10m 40s2,208 words301 segmentsEnglish

FULL TRANSCRIPT

0:00

welcome back to another new verse Pro

0:02

episode this is gonna be a quick one to

0:04

show you things that you like in a deal

0:06

this has a lot of things I like and two

0:09

things that I don't like but I'm going

0:10

to point out those two things that I

0:11

don't like towards the end you might by

0:13

the time we get there figure it out but

0:14

first Jack temperature check what's the

0:16

temperature right now

0:18

98 so welcome to Sacramento it is a

0:20

little warm where I didn't dress for 98

0:22

so let's get inside fortunately the AC

0:23

is on okay so the first thing that I

0:25

want to point out so I'm going to take

0:27

you right over into the kitchen and

0:28

obviously we've got a lot of beautiful

0:32

Cabinetry here by now you've watched my

0:34

channel enough to know that these are

0:36

going to be an easy paint why are they

0:38

going to be such an easy paint no as

0:40

well compared to replacing them look at

0:42

how they go all the way up to the

0:44

ceiling these are a larger cabinet you

0:46

got yourself new cabinets now you're

0:48

fixing the drywall you've got a gap

0:50

you're thinking about new trim molding

0:52

there's so much more that goes into

0:54

replacing the cabinets that turns into

0:56

such a headache that every time I see

0:59

people tear out cabinets like this I get

1:00

so sad some people get nervous the noobs

1:03

get really nervous they're like oh but

1:04

there's one paper here like well then

1:07

yes scrape it off you're like oh but

1:10

that's work and that's why there's money

1:12

to be made in real estate is because the

1:13

noobs are worried about work it's really

1:16

not that big of a deal even these

1:18

countertops here these are pretty nice

1:20

it's obviously going to be very tempting

1:21

to just yank these out and go for a

1:24

stone quartz sparkly white countertop or

1:26

something like that you might be able to

1:28

get away with just glazing these because

1:30

they will look almost as beautiful and

1:32

when you glaze these the pro is going to

1:34

say we're getting rid of the grout lines

1:35

anyway because we're glazing right over

1:36

them really what you want to do here Pro

1:39

is going to do is Sizzle up these

1:40

appliances these appliances are straight

1:43

out of the early 90s and not only the

1:45

cooktop it's actually in remarkable

1:48

condition for how old it is remarkable

1:50

condition uh same thing over here with

1:52

the oven and the microwave but what a

1:55

pro likes to do is look at the condition

1:57

that the appliances are in and usually

2:00

they're a towel for how much the owner

2:02

actually cared for the property when

2:03

you've got an A you know a 31 2 year old

2:07

Appliance and it still looks this

2:08

phenomenal you know you've got a pretty

2:10

good quality owner who's taking care of

2:12

the project and that's what a pro wants

2:13

to look for you want something I mean

2:15

look at this this is 30 something years

2:17

old and it look at that July 1990 and

2:21

you're in pretty clean solid condition

2:24

for 32 years old I bet you it still

2:27

functions even this

2:29

that's not bad for 32 years old this is

2:32

a little much you know but you know

2:34

that's what happens when ovens get used

2:35

but again it's not dinged up it still

2:38

probably functions but we would get rid

2:40

of them uh trash competitors frequently

2:43

in the easy way to update these since

2:45

they do break all the time I wouldn't

2:47

like to rent a property out with a trash

2:49

compactor anymore a pro is going to turn

2:51

this into a smaller wine cooler uh and

2:53

they're super inexpensive just get one

2:55

that's that size slide it in plug it in

2:57

and call it a day these sinks a lot of

3:00

noobs look at these and say oh it's

3:02

ruined oh no what are we gonna do we're

3:04

gonna rip it out it's a headache this is

3:06

an undermount for you to get rid of the

3:08

undermount you're probably going to ruin

3:09

the countertop now so it's always in

3:12

real estate the more you do the more you

3:13

destroy usually so here's just another

3:16

case where as you're glazing the

3:17

countertop yeah glaze this you know take

3:19

the faucet off glaze it reinstall the

3:21

faucet it's actually in great shape this

3:23

faucet I don't even know that you need

3:24

to replace it especially if you get

3:26

stainless steel appliances you got the

3:27

Chrome I don't know you could maybe up

3:29

updated if you wanted to but not super

3:31

necessary big fan of updating personally

3:34

all of the ivory to White just makes the

3:37

property feel more modernized I'm also

3:39

not a fan of the mini blind a lot of

3:42

people into mini blinds I do think these

3:44

scream low-class rental and so we're

3:46

going to get rid of those we would go

3:48

with something like a two inch faux wood

3:49

louvered one can lights here easy to

3:52

replace the trim sets on these they're

3:55

screw in cans and not the plug-in

3:57

fluorescents that are a horrible

3:58

nightmare these would be easy to for you

4:01

know 100 bucks and an hour of time

4:03

replace all of these with a new LED trim

4:05

kit obviously replace the other

4:07

electrical now this slider new looks

4:10

fantastic these are expensive installed

4:12

you're probably 1800 bucks on something

4:14

like this so the fact that it's already

4:15

done excellent now a lot of people say

4:20

oh but cat the backyard's not as big as

4:23

I want and I look at it and go I'm not

4:26

living there I don't want to maintain it

4:28

and as a real estate Pro less of a

4:31

backyard the better look at that it's

4:33

hard to mess up the top over here it's

4:34

retaining wall and conqueror you know

4:36

and rock and you don't have that much

4:39

grass so even if the tenants destroy it

4:41

all we're looking at maybe what 600

4:43

bucks worth of sod okay maybe a little

4:45

bit more but uh this is not that bad

4:47

worst case scenario it's within the

4:49

realm of a security deposit imagine if

4:51

we had a 10 000 square foot lot back

4:53

here it was all grass there's no way a

4:55

tenant security deposit will cover that

4:57

if they were to kill the grass and we're

4:58

responsible for uh the landscape which

5:01

personally this is a tennis

5:03

responsibility I'm not coming to their

5:04

backyard I don't even want to bother

5:05

them in their backyard all the time so

5:08

uh you know obviously this this molding

5:11

over here dated easy to update uh does

5:14

take some effort but this is really a

5:16

paint job here now uh same thing

5:19

everywhere you go but it's all good

5:20

quality great condition you'll see the

5:22

same thing upstairs you do have some

5:24

wear and tear over here but none of this

5:26

wear right here Jack careful can you get

5:28

out of the way for a second there none

5:30

of this wear right here Jack you see

5:31

that it probably comes from the water

5:33

spilling over see it on both sides over

5:35

here or you don't have that over here

5:37

uh none of this has has gotten to the

5:39

point where it's actually destroyed uh

5:42

the Cabinetry or done you know damaged

5:44

it or otherwise they actually even put

5:46

this linoleum sheet down to protect a

5:48

cabinet uh here which I mean again it's

5:50

just a sign of a this is an owner that I

5:52

would want to buy from uh a pro looks

5:55

and says I'm I'm not just buying a

5:57

property and buying the owner and this

5:59

is fantastic some damage over here could

6:01

be bonded that's no problem let's take a

6:03

quick peek upstairs and then keep in

6:05

mind what are those two things that I

6:06

don't love yet we're gonna reveal those

6:08

in just a moment but we'll run upstairs

6:09

quickly and give you an explanation of

6:13

maybe how to evolve a couple things here

6:16

the first is these guys

6:19

I'm going to and people hate it when I

6:23

say this but nobody expects Central vacs

6:26

anymore it's a central vacuum cleaner if

6:28

you're not familiar with what that is

6:29

you basically have a vacuum in your

6:32

garage generally and when you plug it in

6:34

sends a little signal turns it on and

6:36

all you carry around is the hose and the

6:39

actual vacuum part rather than the

6:40

canisters that all goes to a canister in

6:42

the garage however most of them are

6:45

broken and if it's there and advertised

6:47

that the house has it and the Tenant is

6:49

expecting it then you have to pay to

6:51

maintain it as the landlord assuming the

6:53

tenant isn't breaking it but these break

6:55

all the time not necessarily the

6:57

tenant's fault So What Would I Do cover

7:00

this up with a blank plate house doesn't

7:02

have Central Vac I would not introduce

7:05

uh the the to the tenant that this is

7:08

included in the right Aura I might not

7:10

cover well I'd probably cover with a

7:11

blank plate because this um this Ivory

7:14

is gross uh but I might say Central Vac

7:16

included without warranty or if tenant

7:18

wants to use it it's on them whatever

7:20

maybe that so but replace it with a

7:22

white

7:23

but forget about it I would not warranty

7:25

this it's not expected nobody really

7:27

uses them anymore these days so

7:29

something to keep in mind now coming

7:31

into the master you can see the carpets

7:33

pulled through uh to the master

7:35

obviously this is something you probably

7:38

create a transition uh coming into the

7:40

wet areas of the bathroom you can

7:42

replace the linoleum well really if you

7:44

want to go inexpensive here you could

7:46

replace this whole area with new

7:49

linoleum now a lot of noobs get mad at

7:51

me when I say that they're like oh my

7:53

God Kevin how could you say new linoleum

7:55

that stuff is disgusting the new

7:57

linoleums that you can get today

7:59

actually look like real tile and I could

8:01

get this whole room probably the

8:03

linoleum for like 350 bucks under 500 it

8:07

would be my expectation if I got a bit

8:09

of over 500 I'd be pissed and I can't

8:11

tile this room for that uh this this

8:14

would probably cost somewhere around

8:15

fifteen hundred bucks the tile and I'd

8:17

like that extra thousand bucks in my

8:19

pocket not in the floor that nobody's

8:21

really going to notice a difference in

8:22

any way uh so big deal I'd rather spend

8:25

money on something like these old bike

8:27

pictures and replacing that old stuff

8:29

right Chad isn't that crooked you even

8:31

know how to turn that on bro

8:34

try it let's see if you can get it

8:37

that's old school style

8:41

yeah exactly

8:44

that's gonna get rid of that old crap

8:47

so anyway uh okay so I'm gonna reveal

8:50

the two things I dislike I mean so far

8:52

everything else is pretty consistent the

8:54

bathroom much the same as the master so

8:57

what are the two things that I don't

8:59

like about this property

9:01

well

9:02

they painted everything already I would

9:05

have loved this property without the

9:07

paint job they did they actually painted

9:09

right over wallpaper that used to be

9:10

right here which looks a little janky

9:12

it's not the biggest of deal but a

9:14

little bit janky uh removing this

9:16

wallpaper can create a lot of damage to

9:17

the drywall yeah but uh they didn't do

9:20

all the trim molding all the wood they

9:21

left that they did the easiest Parts

9:23

they did the stinky carpet they got rid

9:25

of and they painted that's you can get

9:28

so much good value out of that so I'm

9:31

bummed that they did that but they're

9:33

smart for doing that they are smart

9:35

owners for doing that but as a buyer I'm

9:37

like dang it now quick market update I

9:41

want to give you about something that is

9:43

uh happening within the last three weeks

9:45

right after I mentioned to you if you

9:47

haven't yet check out the programs on

9:48

building your wealth down below where

9:49

you can learn zero to millionaire real

9:51

estate investing everything I know about

9:52

real estate investing all in a concise

9:55

package organized manner do-it-yourself

9:57

Property Management so you can learn

9:59

what to do and not do with tenants uh

10:01

that's just not that's not only me but

10:03

it's also my mother-in-law who's been a

10:05

property manager for 40 years which is a

10:07

phenomenal content and then of course

10:09

the other courses on building your

10:11

income and your stock portfolio check

10:13

those out link down below so what do we

10:15

know about Market what do you got sir

10:17

wanna pitch the coupon

10:19

is reminding about the coupon link down

10:21

below uh final thing is uh Market

10:23

starting to see inventory rise this is

10:26

the expectation we've been looking for

10:27

it means we're getting close so we're

10:29

very excited just the change within the

10:31

last three weeks for the agents that

10:33

we're working with right now so let's

10:35

keep moving on and find another new

10:36

verse pro video

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