She Made 65k Tax Free on Her Latest House Flip | Beginner House Flipper Case Study
youtu.be
In this YouTube video, Rachel and her team take viewers through a property they rehabbed and show how they added value to the house. They focused on adding true value to the property, rather than just basic renovations like HVAC and roof. They opened up the space between the kitchen and dining room by removing the walls and replacing them with a half wall, added a six-foot island to the kitchen, and changed the layout to create an open concept. In the bathrooms, they added new vanities, granite countertops, and oil-rubbed bronze finishes. In the basement, they cleaned up the space, painted it, and added can lights. Rachel explains how they made a profit of $65,000 in tax-free money by rehabbing the house and living in it for more than two years before selling it. They also broke down the numbers, showing how they bought the house for $168,000, put in $38,000, and had it appraised for $265,000, giving them $59,000 in equity. They were able to get all of their money back from the rehab and now own a house worth $265,000 with no money down. Overall, the video demonstrates the power of real estate and the flexibility it provides if you buy a property at a good enough discount.
In this YouTube video, Rachel and her team take viewers through a property they rehabbed and show ho