As for timeline, I closed on the house January 2021 and sold the house October 2021! So this was all done within 8 months. I uploaded this video 5 months after filming. ♥️ all in all, I thought I’d get a bigger return - BUT made a pretty good profit considering I put down around 330K in cash (down payment + mortgage for 7 months + renovations) and made 42K which means 12.7% return in 8 months! And hoping to reinvest within the year which is why I didn’t include capital gains tax. Hope this clarifies everything!
@xoxjelloxox
2 жыл бұрын
So you don’t need to pay capital gains tax if you reinvest that money into another house? That’s so much better than canada
@Chloe_barbu
2 жыл бұрын
Also worth mentioning that the entire house has custom cabinetry throughout, which are MUCH more expensive than pre-fabricated cabinets! xx
@abcdefghijklmn0p
2 жыл бұрын
you made $42k in 8 months, this is more than or equal to a lot of peoples yearly income!! and your first home reno.. hoping the next one will be easier and more profitable! such an insightful video and I can't wait for the next ones!!
@NatalieBarbu
2 жыл бұрын
Thank you!!
@HoneyDippedChocolate
2 жыл бұрын
Is it just me or did the budget slide stop working when she started talking about the mortgage?
@NatalieBarbu
2 жыл бұрын
Oh no :( sorry about that!!!
@MursAlison
2 жыл бұрын
Yeah same for me too
@stephannielinares1616
2 жыл бұрын
Amazing content, Nataly!! this is so helpful and valuable to see someone in my age range to be taking big steps like this. I’m so excited to do this in the future
@erinpark1179
2 жыл бұрын
Please post more of this content! I love understanding the numbers behind a flip. Thanks for your transparency :)
@liliataua1010
2 жыл бұрын
It’s awesome you were able to do this, even if you had help from parents. Either way it’s hard work so great job! And the house turned out beautiful!
@meaghanceciliawood8972
2 жыл бұрын
That seems like so much work! In hindsight was it worth it? Would you do it again? Would you invest in different ways?
@NatalieBarbu
2 жыл бұрын
I would do this again but would do some things differently. I wouldn’t make the house as high end as I did and cut costs on that end but I’m super happy with how it turned out.
@Vevehvavo
2 жыл бұрын
In the future I would love to see more videos on renovations ! Loved watching your journey !
@NatalieBarbu
2 жыл бұрын
Hopefully I’ll do more of them!
@cristianMoon24
2 жыл бұрын
I notice in Tampa,Florida the old houses are just as expensive as new construction and they need work done so my mom choose to buy a new construction home.
@DecorandDesigner
2 жыл бұрын
Good info Natalie! Did you include capital gains tax in that total profit? Or are you reinvesting right away to mitigate that extra cost?
@NatalieBarbu
2 жыл бұрын
Didn’t include capital gains! I’m hoping to reinvest this year.
@xoxjelloxox
2 жыл бұрын
How do you decide who to go with for a contractor? How do you know if they’re trust worthy?
@lisaontheclockapp
2 жыл бұрын
YAS we've been waiting for this one!! ❤️
@NatalieBarbu
2 жыл бұрын
Finally!!!
@megcreates2.0
2 жыл бұрын
We’ve built our house from the ground up and it’s still not finished bcuz we’re building for cash. In the middle of building our home my kids n I were in a car wreck & I broke my neck, was bed ridden for a yr then realized had to leave Alaska where my hubby n I were born n raised as did our kids. We decided to move to TX for winter months and still snowbird 9yrs later. Since we’ve built our home for cash in Alaska we just lock it up, have security and family and friends watch it while we’re gone. My hubby still works in AK and sometimes go’s to the house and check on things also. I also do diy projects so I have an idea of wood prices ect 😉 That’s why becoming a realtor is such a high niche carrier rt now!
@RyansDad12
2 жыл бұрын
I think you are a beautiful, smart, and driven girl!!! I think you did a great job with the house and you turned a profit on your first flip ...at a young age!! There lots of know-it-alls and negative comments here that dont give you the credit you deserve...I know you have to have thick skin to deal with these people that likely dont have the means to do what you have done!!! Keep on moving forward and creating your own success!!!
@popcornpizzapie1
2 жыл бұрын
where is your green top/ bodysuit? from?
@Scoobydoopapa1
2 жыл бұрын
Loved the video! Wondering where your top is from?? SO flattering
@NatalieBarbu
2 жыл бұрын
Skims!
@SamiRose273
2 жыл бұрын
So so so helpful! We are going to be doing a huge renovation soon too! I just posted a video about our home buying journey but this is so helpful for those renovating!
@lauranolan27
2 жыл бұрын
So help and eye opening! I have no home buying/reno experience but I really thought you were gonna profit more from it
@heydahye
2 жыл бұрын
What an accomplishment!!!
@princessadora
2 жыл бұрын
so confused by the buyers agent fee in the states you don't pay that in other countries only the seller does.
@nooneimportantcutiex9895
2 жыл бұрын
Q: what did you gain from this, like, you bought a house renovated it then sold it again bare in mind you didn’t design anything nor did you know what you were doing it was alll due to your family so what did you gain from it cos you sold it again it’s not like you rented it out
@NatalieBarbu
2 жыл бұрын
I did learn a lot! I did help with design and was involved in the process. I just had guidance from my family. And I made a proft
@nooneimportantcutiex9895
2 жыл бұрын
@@NatalieBarbu from the videos You’ve posted about the house I think your sister had alll the knowledge and knew what she was doing you didn’t have any ideas on what to do where looked very lost. Credit goes to your family ( your sister mainly)!
@nimahoni
Жыл бұрын
@@nooneimportantcutiex9895 what is your problem???
@ginnamatos8169
2 жыл бұрын
Loved this video. Period!
@manuelseda9197
2 жыл бұрын
did you invite the past owners to see the result?
@NatalieBarbu
2 жыл бұрын
Yes!! It was so sweet 🥲
@megcreates2.0
2 жыл бұрын
What state are you in now? FL?
@MeherAshaTabassum
2 жыл бұрын
Loved it ✨
@theroyalfamily17M
2 жыл бұрын
Beautiful ❤️❤️
@LamisE2012
2 жыл бұрын
Yay I’ve been waiting for this one! But question, so if you paid 20% down and then including all closing costs, with the $43K you made on the house, isn’t that a net negative? Like you would have ideally wanted the profit on the house to be greater than the amount you put into it? Just curious what the thought process was (engineer here haha)
@backgroundnoise8529
2 жыл бұрын
it would be profit not including equity she put in
@NatalieBarbu
2 жыл бұрын
I totaled everything together so included in the 415 cost was my 20% down
@NatalieBarbu
2 жыл бұрын
So 40K+ postivie
@LamisE2012
2 жыл бұрын
Ahh ok that makes sense, that’s awesome Natalie! Inspires me to want to do the same (but hopefully when this insane housing market dies down haha)
@tianaburke8535
2 жыл бұрын
A 700k home where I live are legit mansions lol so crazy..
@NatalieBarbu
2 жыл бұрын
Yup! Charlottes gotten expensive
@tianaburke8535
2 жыл бұрын
@@NatalieBarbu I live in Pennsylvania.. it’s insane how it’s so different state to state. Great job on renovations, the house turned out beautiful!
@Blueskydaisy000
2 жыл бұрын
Just what this capitalist hellhole needs-more house flippers! Lovely.
@mastersplinter5966
2 жыл бұрын
Natalie, thanks for this. This was a real eye-opener dude. This is why I like your videos, even though I'm a guy lol.
@chibiaye637
2 жыл бұрын
oh my 28000 on cabinets.
@Glittergirl213
2 жыл бұрын
This is unrelated but I feel like if you got a blunt haircut it would look so much healthier and thicker!
@NatalieBarbu
2 жыл бұрын
This was filmed 6 months ago haha so my hair looks much better
@Yungwalt
2 жыл бұрын
$225k renovations on a $395k house.... 6% ROI.. lol wowza. Could’ve made a better return in probably 24 months or less in rental income
@NatalieBarbu
2 жыл бұрын
I definitely didn’t make as much as I thought I would but I’m happy that I made a profit! If I were to redo it I would not have put that much money in the renovation. But I did this in 8 months so not bad. And it’s 12.7% return since I only put down 330K and got 42K back.
@davidmacdonald4296
2 жыл бұрын
Really interesting to see the geographical differences in cost. $28k seems like crazy money for cabinets... You'd pay about $8k here!
@NatalieBarbu
2 жыл бұрын
It is definitely expensive but all the cabinets were custom
@didine256
2 жыл бұрын
The renovation was done by family members who's business is construction. She wouldn't have done this project without family members backing her up
@katerinabo6671
2 жыл бұрын
Was this the long awaited video? Sounds like you're basically saying everything is so expensive + hire professionals. It would be more helpful to show a more detailed breakdown on the costs and resources to get educated on home reno.
@princessadora
2 жыл бұрын
you way overpaid. i also come from reno families my father is a tradesman, my mother renovates her own houses could've been done way cheaper then what you paid.
@lexieheartzjb
2 жыл бұрын
the charlotte market has been crazy and almost every house is a bidding war which is why she paid what she paid.
@NatalieBarbu
2 жыл бұрын
Also, materials became so expensive. I don’t think I overpaid + I made a profit!
@RJ-bj8ic
2 жыл бұрын
💛💛💛
@mirandaalexis
2 жыл бұрын
whoever bought a house for 737,000 is dumb but glad you made a profit
@japhie5755
2 жыл бұрын
You got a very low profit in my opinion!!!!
@NatalieBarbu
2 жыл бұрын
I was expecting more, but nevertheless I’m happy because it was a return in only 8 months
@davidparnell4675
2 жыл бұрын
First
@NyapouchMakuach
2 жыл бұрын
You are blatantly contributing to he housing crisis, its sick.
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