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If I can get this property for what would I buy it for
No no no Bob No Bob-
I did everything myself
in here that is not how'd you do the business
And that right there is a house that I have already flipped as well
I already know that I can flip this house to a buyer on my buyers list coz I have a strong
buyers list in this area
Hey what's up guys John Cochran here and today is System Saturday, the day that I
bring you a system that I use in my business
you can rip off duplicate using your own local market now if you haven't been to
one in my live events yet, why not
I only deliver my entire blueprint to you which qualifies you
for a five hundred thousand dollars line of credit
to do deals with. Now we're here in Zinio Ohio at a property
that I have accepted right now that I can get out of
if I choose to but on today's session what we're going to do is we're gonna
play
deal or no deal I'm gonna walk you through this property
and so you can see it I'm gonna tell you the numbers on this thing and then you
can tell me Deal or No Deal
and then I'm going to tell you what I did this property right here in Zinio
Ohio
is a three-bedroom one full bath home
this property was also it has
1460 square foot built
in 1949 okay the list price on this property
was fifty four thousand six hundred dollars and I got accepted
for thirty thousand five hundred and seventy-six dollars at
44 percent off of list price
okay so let's go and take a look at this real quick
and that's a big discount that I got on it and I just wanna show you the inside of
it ... ow!
one thing that I forgot to tell you that be four you see the inside of how
beautiful it is
is that this property last sold in 2006
for 133,000 dollars
how do you like that for a spread so let's go in inside of it right now
check out these nice beautiful pavers why we're walking into this home alright
so soon as you get in here you're going to notice that
its kinda little bit weird this whole doesn't need a little work but obviously
you can tell
from the numbers a what it last sold for and then what we bought it for
there's a lot of spreading here so as soon as you walk in it feels a little bit
weird coming inside here
but you're also going to notice extremely these
hardwood floor they're nice hardwood floors kinda reminds me of the
whole
basketball court hardwood floors structurally this thing is pretty sound
structurally this property is pretty sound
so this would be the living room area and these older homes which is
really cool
is that you have the wood working the base working that is wrapped in a around
which is always pretty cool features and home like this so come
right into this back room right here, this used to be
the backyard so this used to be the backyard if you look right here
that this was the back to the house okay they did in addition to this
which made this and extra room in here and here is where they had
you they got nice little deck and then they have the backyard which is
absolutely
amazing, it's big for an area like this
it doesn't have many trees on it which I loved
it's just pretty nice open backyard that you know your kids could play in
one thing that I don't really understand is that on the desk deck right there
is that the railing of it is really kind a low right there
so put a nice fireplace in here I don't know why they put this addition maybe
just to make it a little bit larger making it the
the 1400 square foot or whatever when you come in here
missing this kitchen is complete makeover
first of all, it is extremely small for
what people are wanting right now but this thing it doesn't have much cabinet
space
you'd have to do a little bit of work to this and those cabinets are not going to cut it
new kitchens? that don't bother me. Fuse box right here
for the electric pannel right here on newer
breakers which is good but typically most people don't wanna see those
right into their kitchen so I would probably
depending on what I do with this I would probably look at
relocating that. This is something that I do not understand so
a this brick right here for the flooring, I've never seen that in a properly
of real break but in Zinio Ohio you got anything
so good water here good water here that's a
its a really honestly probably just within about five years old
and then you have the furnace which is a
pretty old the furnace is a pretty old furnace right here but I can tell you
that
this thing right here need completely redone door right here going to the two
car detached garage
and I don't show garages on any video that I do because if you've seen one garage
pretty much seen them all. So this one's got a two-car
detached garage. This is all solid oak
very very sturdy right here. I told you this stuff look sound
but hear this going up to the stairway
I would hate to carry a bedroom a bedroom furniture up hear or a bed or
anything up here I'm really wouldn't want to do that cuz of the spiro of it
and then you've got three bedrooms you got the three bedrooms with
the hardwood underneath okay see you got a one bedroom
right here nothing too about it. I don't understand this whole
built ins but that is very very easily taken out
you got the other bedroom ok so you got the other bedroom right here with
nice *** carpet right here
Closet, extremely small but not a big deal
in these older homes you have the slant to the roof
right here that's that's very typical for a home this age
okay and then this you have
the big closet I'm just kidding this is the bedroom as well
so here is the third and final bedroom
They did an awesome paint job you got the blue and purple right there and then you have
the closet
right there so my question after viewing
this property let me tell you the numbers of this again
list price: 54,600 dollars
I got it accepted as through a blinded bid
of 30,576 dollars. This thing last sold
for 133,000 dollars, my estimate on this property
was that it would need thirty to thirty-five thousand dollars worth
of rehab to it. So my question to you is Deal
or No Deal. No deal all day this property is no
deal so even though there's a great spread in their this probably means a
lot of work
the layout is weird in there there's a lot of features in there that are just
weird to the to the market now and as I look at the COMPs
right here even though this property need to anywhere between 30 to
35, 40 thousand dollars worth of rehab I look at the comp slowest thing
active up onto the market is 49 9 and it's been on the market for
22 days is still hasn't sold, this one clearly up in the market from 54 6
I't is up on the market for 215 days, it is still active
or, so
and then you also have all the sold COMPs so if I was to sell this property I
would have to sell somewhere close to
ninety thousand so I have to sell it close to to 90,000 to a 100,000
If I have to theel you this is not a ninety two hundred thousand dollar market even though the
COMPs say that it is
okay so the COMPs the sold COMPS, eighty thousand nine hundred dollars
sold in 259 days and there's another property from 90,000
sold for 500 45-day so
the days on market is way too long on this it needs way too much work
and if I'm going to put thirty to forty thousand dollars in something
I need to make at least fifty thousand dollars on my return
and the numbers are not here on this deal so no
deal never do a deal like this comment on the video below
let me know what you think and I'm out No Deal