What a difference you made! A really nice property too! You did the place proud and folks have got a lovely home. The neighbours must be pleased, too! Respect! XXX
@matthewrtrego
6 жыл бұрын
Love your honesty, I'm not a real estate investor or flipper, but looking to buy my first house with my wife as a private residence. So helpful, thanks Mark!
@investfourmore
6 жыл бұрын
You are welcome!
@chrise.851
6 жыл бұрын
I love this video and how honest and transparent you are. This is 100% REAL! I subbed and look forward to watching your vids.
@investfourmore
6 жыл бұрын
Chris E. Thanks!
@lucyzulick
5 жыл бұрын
the kittens were the best thing in that place... looked like a battle zone.. and it's like a miracle now heheh nice
@JacobSlay
5 жыл бұрын
Seeing that poor abandoned skinny kitty broke my heart. :( People do not deserve animals.
@HandbagDiva
4 жыл бұрын
That grey looks light mint green. That’s the problem with grey it can have a blue, green, purple tint to it & sometimes it’s hard to tell unless you’re comparing samples.
@sylviagonzalez3375
4 жыл бұрын
The yellow house is beautiful. Very inspiring.
@investfourmore
4 жыл бұрын
Thanks!
@KingsteenProductions
6 жыл бұрын
Really love the before and afters in one video. Really interested in seeing the numbers at the end. I am not gonna do flipping soon, but I am buying my first rental in a week. I am now 19yo started with my real estate agent career one day after school. Already had a scholarship to study law, but instead of working for money I want my money to work for me!
@investfourmore
6 жыл бұрын
Congrats! and thank you
@cathieharris6122
6 жыл бұрын
You basically built a house. I like how you changed the interior to add another bedroom.
@investfourmore
6 жыл бұрын
Thank you
@sergiichubai2271
5 жыл бұрын
Most honest house flipper on youtube. Good luck, Mark!!!!
@investfourmore
5 жыл бұрын
Thanks
@andreaello2189
5 жыл бұрын
I absolutely love the yellow! For some reason, on this particular house oh, that is just the perfect color! Maybe it's because the weather is kind of depressing. But like I said it's beautiful! :-)
@alfsilva
4 жыл бұрын
Great to show the bad deals as well, makes you authentic and real. We all can get the feeling of flipping.
@williamsmith7221
6 жыл бұрын
We learn so much from videos like this, thanks for posting Mark!!
@investfourmore
6 жыл бұрын
You are welcome!
@margaretdevries8090
5 жыл бұрын
WOW ! Cannot believe how many offers !!
@lonaanastasopoulos5351
6 жыл бұрын
Congratulations on selling your happy house finally. I'm in the process of buying a foreclosure property and I am learning all this new. Thank you for your advice.
@investfourmore
6 жыл бұрын
Good luck with it!
@tongchengli5024
4 жыл бұрын
Good point on the escalation clause lol Thanks for sharing both the good and bad deals!
@investfourmore
4 жыл бұрын
You bet!
@knittingnana2939
5 жыл бұрын
You did make a profit albeit a small one but the bigger picture is that you took a horrible, rundown property and made something nice for a nice family to have.
@DKM905
2 жыл бұрын
Completely understand the contractor frustration. In management of properties that is my most difficult challenge. I have gone through a few….At the moment I have two really good ones that do what they say they’re going to do and they finish on schedule 👏 …..
@mv3780
6 жыл бұрын
I like the before and after videos together. Good choice
@investfourmore
6 жыл бұрын
Nice
@LifewithDanielleG
5 жыл бұрын
Omg thank you so much for these videos!!! They have helped tremendously with estimating repairs I even find myself guessing the repairs before you say it and its spot on! I'm getting better at this lol.
@investfourmore
5 жыл бұрын
Good to hear!
@museumandtravel
5 жыл бұрын
You did accomplish improving the neighborhood and removing a derelict house from the neighborhood.
@billymasoner3735
6 жыл бұрын
Time to withhold payment from said contractors until house is done
@healthnut3433
5 жыл бұрын
Thank You. Appreciate your honesty and showing the 'not so great' flips. Maybe some peace & gratitude for you that you provided a nice house for someone to live in? I'm a newbie to this subject & learning a lot from you.
@investfourmore
5 жыл бұрын
Thanks!
@marlenejohnson2350
6 жыл бұрын
Great flip Mark Ferguson! And great news about kitty too!!❤️❤️
@investfourmore
6 жыл бұрын
Thank you!
@pattymiles2688
5 жыл бұрын
Love the house! Y’all did a jam up good renovation job! So clean! I imagine beautiful flower beds and shrubs in the yard and I think the train adds to the charm!
@nosiestaguiding
5 жыл бұрын
at least you're honest about it. I will give you that
@DKM905
2 жыл бұрын
Certainly understand the contractor frustration. I had to go through quite a few to finally get two good ones that do what they say they’re going to do and finish on time.
@frankeimiller2129
6 жыл бұрын
Love it Mark, you're adding real value and we really appreciate you keeping up with the videos!!
@investfourmore
6 жыл бұрын
Frank Eimiller thanks Frank!
@statewench2828
5 жыл бұрын
AMAZING! I can't believe it is the same house. Of Course it isn't! I know it's about making money but saving a 100 year old property is pretty fantastic. Colors are perfect. Very happy little house now sort of that French country feel.
@investfourmore
5 жыл бұрын
Thank you
@wild0bill055
4 жыл бұрын
I don't see the train tracks as a downer. I see them as a novelty.😄
@DP-jy2ge
6 жыл бұрын
Nice job. Love the interior wall colour, but ceilings should be white and in flat paint. Makes them look higher :)
@investfourmore
6 жыл бұрын
Another issue with that contractor is he did not like to listen to what we wanted.
@magicgemmaster566
6 жыл бұрын
Aww man, yu are such a solid dude!!!! And I absolutely love the yellow house!! Fine n happy choice 😊
@investfourmore
6 жыл бұрын
Thank you!
@yaoypl
5 жыл бұрын
Thanks for showing the numbers. I am learning so much from watching your videos!
@investfourmore
5 жыл бұрын
You are welcome!
@thejeremykeefer
6 жыл бұрын
What a tough one! Now the next 10 will seem like a piece of cake. Great play by play. thx!
@investfourmore
6 жыл бұрын
Jeremy Keefer hopefully! Thank you.
@rochellejames6204
5 жыл бұрын
I just can't believe that someone was living in that house in the condition that it was in. I also can't believe that houses are so expensive in Colorado. If you had bought that house in my neck of the woods (Opelousas, Louisiana), you probably would have paid it 30 to 40 thousand for it
@disclosed1
5 жыл бұрын
Hate the paint color, but I LOVE the changes made. So much better design - functional. I love the sewing room in the utility room. ;)
@kylei.4081
6 жыл бұрын
Hated the yellow color at first but by the end of the video I liked it. Good choice!
@investfourmore
6 жыл бұрын
Thank you
@GardenNoviceFarm
6 жыл бұрын
The yellow is nice. Kinda reminds me of my house when I bought it as far as the foundation is concerned. Our house is a pier and beam house and there was absolutely zero support in the living room. That was 25 years ago. We’ve since added 1000sq ft onto our house.
@investfourmore
6 жыл бұрын
Garden Novice Farm thank you and nice work
@april547
5 жыл бұрын
Mineral rights?.. if you buy the house and land and sell it once you sell that land shouldn’t the owner own the minerals? I am not some owner but 1-how do you know if there are minerals on the land, 2- do these rights cost more when buying your house & land?
@investfourmore
5 жыл бұрын
They can be sold separately. Yes they can make the property worth more. You have to do a deed search for minerals
@hpd633
5 жыл бұрын
I like your videos, you tell it like it is...the good, the bad and the ugly. Which this house only had the bad and the ugly, not much good. I really like your videos that why I subscribed a while back, keep up the good work!
@investfourmore
5 жыл бұрын
thanks!
@museumandtravel
4 жыл бұрын
If I was buying in your area, I would just buy your properties or flips , great to have someone doing all the work and me buying to rent or use for myself, your buyer just had a windfall a new/totally redone older house , move-in , no headaches...lol
@lucyndariley2159
5 жыл бұрын
That turned out cute!!!!! I really like your color choices, inside and out.
@investfourmore
5 жыл бұрын
Thank you
@bj7057
6 жыл бұрын
Poor kitty is hungry. Why do people move and just leave their pets behind?
@investfourmore
6 жыл бұрын
I should have mentioned that is now Nikki's cat and it is not hungry anymore
@MirthCottage
6 жыл бұрын
Mark Ferguson - InvestFourMore awwww!!! I love a happy ending!! Nikki, you are the best!!
@bj7057
6 жыл бұрын
Mark Ferguson - InvestFourMore Aww, bless her heart!
@MichaelP-ke1tm
6 жыл бұрын
Jean Fields I would've cooked it and ate the cat since I'm hungry
@MirthCottage
6 жыл бұрын
Jordan That’s ridiculous!! Everyone knows stray cats don’t have any meat on them. 🤪
@awsomo53
3 жыл бұрын
How much do you typically sell the mineral rights for? How is that usually allocated?
@investfourmore
3 жыл бұрын
All depends on the area and what minerals there are. Could be as high as 20k an acre or nothing.
@FrankieD
5 жыл бұрын
I feel your pain. I bought my first flip like 5 months ago and still not done with it. Foundation, plumbing, electrical, everything complete gut. In the middle of it and still won’t make money on it I believe. Learning a lot though!
@investfourmore
5 жыл бұрын
That is no fun, good learning experience though
@g.leegander
6 жыл бұрын
Mark, do you encounter squatter situations, even though you are in middle-income price areas? I was just wondering if this was that kind of situation especially with the electrical wiring. How often do you really buy sight unseen?
@investfourmore
6 жыл бұрын
Very rarely
@truthb2u2
5 жыл бұрын
Great flip! I adore the yellow.....in Miami😬 Thank you for all the valuable info!
@age_of_reason
2 жыл бұрын
4% return, wow you're a genius. Buying at the peak good luck with that.
@markfergusonsvirtualrealestate
2 жыл бұрын
They aren't all winners. Yes I buy all the time and this was a couple years ago.
@thetommantom
5 жыл бұрын
What a huge difference
@WatertownFilms
5 жыл бұрын
love your videos! Super fun to see the ins and outs.
@investfourmore
5 жыл бұрын
thanks1
@patrickwilson4902
4 жыл бұрын
Some people just does not take pride and their work!!! Because if I was your contractor, I rather tell you, then you find out later on.
@g.leegander
6 жыл бұрын
Thanks for sharing this type of experience too. A real 'learning experience' I guess, great that it did not end up a loss. Many of Colorado houses without basements?
@investfourmore
6 жыл бұрын
Most have basements
@L.Spencer
6 жыл бұрын
I'd like to ask who is the lender you don't like, but maybe it'd be better to ask which lenders do you like?
What are mineral rights? Did you say you sold them?
@maryfox925
5 жыл бұрын
The house looks amazing
@icawn
6 жыл бұрын
Nice recovery. Was that stucco over some older siding i saw? Did you tear it all out before putting the new sheet siding? Ive never had that siding before is it the best way to go for that area?
@investfourmore
6 жыл бұрын
It was stucco before. I believe they pulled off the old stucco. Stucco is fine here if it is in good shape.
@cheecheedivine
6 жыл бұрын
The finished product looks great. Thank you for sharing the highs and lows of buying and selling real estate.
@investfourmore
6 жыл бұрын
cheecheedivine thank you!
@linda_sue
6 жыл бұрын
Thank you for sharing this experience! So important!
@investfourmore
6 жыл бұрын
You are welcome!
@TheJSmithBA
6 жыл бұрын
Why use hard money on so many flips if you have the money to 100% self- finance on fewer flips? I would think that the interest, time, hassle savings would be worth it to self-finance fewer deals. Especially if the market turns, in hard money situation you could get caught in negative equity and have to bring money to close, or payoff lenders after close, on a deal like this (if financing repairs). Is the extra income from leverage really worth it? Sorry, but honest question.
@investfourmore
6 жыл бұрын
Yes, I can do 3 times as many properties. I make $30k on each flip and would make 35k to 40k if I did not finance. So I would be saving $5k to $10k on financing costs and costing myself $60,000 in profit on two more deals. I did not use hard money on this one.
@millsarts
6 жыл бұрын
Will you do any more sight unseen deals? Im sorry this one went bad for you. You deserve more then 4k for the work you did! Hope the next is better!
@investfourmore
6 жыл бұрын
Yes, I have bought many site unseens and it averages out in the end
@sammy11232003
5 жыл бұрын
you made this horrible house into a lovely place the bright yellow on the outside is a definate no! but it is amazing it turned out
@tomcunningham5300
2 жыл бұрын
Thank you very much for your honesty!!!
@investfourmore
2 жыл бұрын
Always!
@04095875
6 жыл бұрын
Loving the content! Do you see any value in doing garden redesigns and fencing work?
@investfourmore
6 жыл бұрын
Depends on the house and the cost. As well as the time of year
@billymasoner3735
6 жыл бұрын
I understand the want of saving money on a flip, especially one where you bit the bullet hard, but that huge blank wall with one off-set window in the front looks super awkward, would it have truly cost that much more to add another window to that front bedroom and even that out? Also, the siding. That crappy particle board siding is gonna rot within 5 years time, I’d have gone with vinyl at the least. Otherwise, the renovated floor plan is WORLDS better, you’ve breathed new life into this old home, and overall, I say excellent work. 4 out of 5 stars in my book.
@investfourmore
6 жыл бұрын
I hate vinyl. It cracks and breaks after a few years as well especially here with hail we get
@billymasoner3735
6 жыл бұрын
Mark Ferguson - InvestFourMore that’s true, I forget you’re in Colorado.
@lisab9541
6 жыл бұрын
@@investfourmore I live in KS. What is the best siding for a house - not a flip but my home?
@MRHIPHOPVEGAN
5 жыл бұрын
He only made 4K got to save cost I would of been crying lol
@thecoloursofthemage
6 жыл бұрын
This, this is why i subscribed. You are fucking amazing
@investfourmore
6 жыл бұрын
Thanks!
@rhapsody5645
6 жыл бұрын
Wow so they just built the house on the ground? Wouldn't that violate codes?
@investfourmore
6 жыл бұрын
Now it would, but it was an old house
@Trenttabor
6 жыл бұрын
nice reno, it would be cool to see some of the contractor work during the in progress part of flip. also when is the primary residence tour coming
@investfourmore
6 жыл бұрын
Trent T the contractors don't enjoy it very much when I film them.
@strawberryme08
4 жыл бұрын
Great work so satisfying
@investfourmore
4 жыл бұрын
Thank you! 😊
@MackMittenzTV
5 жыл бұрын
great content man! I just watched like 5 back to back lol I'm a new real estate investor in the Seattle / Tacoma market
@investfourmore
5 жыл бұрын
Nice! glad you enjoy them
@LyfeCreations337
4 жыл бұрын
FOR ALL SELLERS!!!!! Please listen to what he says at the 18:55 mark. Using the “highest and best offer” jargon really does scare away potential buyers. Switch up the verbiage a bit and you’ll be fine. Don’t make the conditions seem as if you’re money hungry.
@investfourmore
4 жыл бұрын
true
@henrystrainsandmore3546
4 жыл бұрын
What is the interior paint color you used? Great house flip too!
@investfourmore
4 жыл бұрын
Not sure
@Starfire3684
6 жыл бұрын
You should of had a priest go with you to check out that house lol !
@investfourmore
6 жыл бұрын
lol
@gmogottago7746
6 жыл бұрын
Wow you had a hell of a time with this one!
@investfourmore
6 жыл бұрын
Yes, glad to be done with it!
@gamediva2112
4 жыл бұрын
wait....why did you sell the mineral rights? Holy Cow! On a residential?
@nick21614
6 жыл бұрын
Have you considered going to a local trade school and hiring people right after graduation? Then they don't have bad habits and only work for you and you can be the GC.
@investfourmore
6 жыл бұрын
I have thought about trying to hire people straight out of school. I have not looked for any local trade schools though.
@rose8662
4 жыл бұрын
I knew that fly was fake and, at the very same moment, it still shocked me. 😏
@museumandtravel
5 жыл бұрын
I saw your numbers $4,500 for roof very good price around me 12k - 30k, tax for almost a year 5-10k
@investfourmore
5 жыл бұрын
For a roof?
@museumandtravel
5 жыл бұрын
I think most of your viewers would agree, very few of us being charged less than 7k, most in my area pay 7k to 15k for an honest roofer, you can call Sears or one of the high pressure sales guys and they will ask 15k and up.
@carlosmonte9597
5 жыл бұрын
How much would it cost to build the house from scratch?
@investfourmore
5 жыл бұрын
Hard to say. $150,000
@investfourmore
5 жыл бұрын
ACtually more if you are talking about foundation too
@lisachurchill1185
2 жыл бұрын
Wow! Great job. but not crazy about the yellow lol
@investfourmore
2 жыл бұрын
Right?!
@stevenanderson3386
4 жыл бұрын
Hey mark why didn’t u just sell it like it was and just get ur money back or maybe $5k-10k and walk away?
@investfourmore
4 жыл бұрын
I should have
@arxhives
5 жыл бұрын
I love your idea of dealing with contingencies on the buyer's house selling. I'm not sure how one would market a property while its still under contract, as you cant keep it active in the MLS if you're a realtor as its against the code of ethics, even if all parties agree to it. I could see how it can be done with a private party
@investfourmore
5 жыл бұрын
you can list a property as first right in the mls which means a contingency is in place.
@arxhives
5 жыл бұрын
Mark Ferguson - InvestFourMore oh that's very smart. I don't think our MLS in Tampa has that as a status option. Thank you for the insight
@jenniferr3148
6 жыл бұрын
I have to ask.. What did you do with the cats?
@investfourmore
6 жыл бұрын
Jennifer Ratcliffe nikki took the tame one.
@jenniferr3148
6 жыл бұрын
Mark Ferguson - InvestFourMore awww! That's so sweet!
@SOSLICK22
4 жыл бұрын
I know you probably want to keep your contractors accountable, but why not take care of those small things at the end if it holds you up for so long?
@investfourmore
4 жыл бұрын
Because I have 15 projects at once and if they don't have to fix them they won't ever do it
@margaretdevries8090
5 жыл бұрын
Seems they have a good housing market in Colorado ! It’s the yellow paint !! But even so, so many problems ! Now doe houses sell better if they are staged ? I had buyer back out !! Meantime we got a chance of house we. wanted, so after all that work making house nice inside and out ! Ended up my daughter is renting my 4 bedroom house , we staged her condo , took photos etc. she moved in to my house ! We left photos in each room and it sold right away ! I was rushed into my new house ! But that was over 12 years ago ! And I still haven’t found some things !!!
@margaretdevries8090
5 жыл бұрын
Buying this house , and other Agents did no work ! We found the houses on our own !! Selling a previous. Home in GA we sold it to a niece of my Avon lady !! But Agent again got fixed commission ! You. Will hate me but I don’t think it’s fair that agents get a fixed percentage !! They nearly all show listings on their site, and you look through it and then tell them if any interest you ..... none of my agents had to bust their butts ! But were nice people .... still I did resent them getting fixed commission ......
@sammy11232003
5 жыл бұрын
please be kind that little kitten is starving you can hear it in her cries. please buy her some food. and give her water. you seem like a nice man so please be kind to this little kitty
@investfourmore
5 жыл бұрын
Nikki adopted him
@g.leegander
6 жыл бұрын
NO foundation? Don't pay for inspections, etc., before buying? Just risks of the business?
@investfourmore
6 жыл бұрын
Not on this one. It was bought site unseen
@verlicht
5 жыл бұрын
Colors are so dangerous. Color everything to attract as many people as possible and make sure you don't scare people. Yellow outside will scare many people. Should have done white, gray or baby blue. Interior should be 9010 white all walls. A light warm grey for cabinets and trim. Done.
@joywebster2678
Жыл бұрын
I'd run from a baby blue house, but would love a yellow house. Interior I hate grey on anything unless it is tinted warm. Wals inside pale tinted off white, creamy vs stark white.
@elcaminosunlimited
5 жыл бұрын
Are mineral rights a big deal in your state?
@investfourmore
5 жыл бұрын
Yes, worth from $5,000 to $15,000 an acre here. Varies by county though
@elcaminosunlimited
5 жыл бұрын
@@investfourmore Wow! Id be sitting on a gold mine right now if that were the case in Wisconsin!
@Stikkelsbær
5 жыл бұрын
I feel like in some cases - like this one - you might have made more money just demolishing everything and building a brand new house on site, lol. But hindsight is 20/20.
@investfourmore
5 жыл бұрын
We definitely did not know how bad it was
@kajakkille
6 жыл бұрын
I don’t know when this was filmed but the light fixtures, color choices and kitchen gives me 80s and 90’s. Are you targeting older buyers?
@investfourmore
6 жыл бұрын
Hmm, I have seen many houses from the 80s and 90s and don't get that feeling at all
@kajakkille
6 жыл бұрын
Mark Ferguson - InvestFourMore ... I appreciate your work concept behind your renovations. But I’m not familiar the Denver climat so maybe ceiling fan lamps is the thing!
@investfourmore
6 жыл бұрын
There is also a difference between a higher end property and a starter property. The house also did not have AC so the fans were functional.
@kajakkille
6 жыл бұрын
Mark Ferguson - InvestFourMore. I get it and its kind of liberating watching house-flips that are not over designed. All the luck to you!
@strawberryme08
4 жыл бұрын
Are those walls blue? Or is that just a shadow
@investfourmore
4 жыл бұрын
a little blue
@cynthialinaweaver77
5 жыл бұрын
Are all your properties in Colorado?
@investfourmore
5 жыл бұрын
Yes
@Channel-cm7yc
6 жыл бұрын
Ouch that’s a huge hit. Unfortunately a replacement home wouldn’t have fit there very well. 👍👍
@investfourmore
6 жыл бұрын
Mike's Channel we still made money. My first contractor wanted me to tear it down and put a modular up. That would have cost much more money.
@kevincberry
4 жыл бұрын
Is there a methodology that you use for picking paint colors? I’ve noticed in several of your videos that you are choosing pastels rather than neutrals (beige, grey). Also, is there a reason why you choose to extend the wall paint to the ceilings rather than paint them white?
@investfourmore
4 жыл бұрын
it is pretty random lol
@somescorpio1798
5 жыл бұрын
"Made a commission when I bought it." Is that considered income or avoided cost?
@investfourmore
5 жыл бұрын
Income. EIther way it adds to the profit and would be taxed
@cdogvlog5557
6 жыл бұрын
So if you bought the house sight unseen, then I suppose you did not get it tested for meth contamination either.
@jackieoman6695
5 жыл бұрын
Great job, and learning experience😢
@clarencealexander4954
6 жыл бұрын
how do you see this as a really good deal, i'm lost.
@investfourmore
6 жыл бұрын
That was sarcasmm
@ImlegaliSwear
5 жыл бұрын
I can't seem to find the info anywhere, can someone tell me why he was excited to see it wasn't eligible for FHA or conventional?
@investfourmore
5 жыл бұрын
Because it means it needs work and could be a great deal
@ImlegaliSwear
5 жыл бұрын
@@investfourmore Thanks for replying.. could you elaborate a bit? What disqualifies a home from FHA and conventional consideration? If neither of these are an option, and I imagine VA isn't either, is it simply a cash transaction?
@shannondavis5728
Жыл бұрын
If you make $30k that super duper good especially if you roll that profit into another investment property!!!
Пікірлер: 293