ilmscore | REVEALING My $13,500 Home Flip!

REVEALING My $13,500 Home Flip!

Published: 2021-10-12
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
Property prices in the described area have increased by approximately 35% since the start of 2020.
"On average since the start of 2020 property prices have gone up about 35 percent and this area that used to be kind of a not great area has started to see a huge price increase"
Property Value Increase
Pending
The next-door property, after finishing the full basement to create approximately 1600 sq ft, is expected to achieve a 20% bonus in value.
"we expect this one to bring a very good price because it has a full basement underneath the home and our intention is to fully finish the basement in the course of this and i'm really excited to do a detailed dive on all the expenses and all of the work that has to go into this house it has a gorgeous poured basement the walls are over nine feet high down there resulting in a total square foot once we finish it of about 1 600 square feet and we definitely expect to get that 20 bonus on the property"
Next Door Property Value
Pending
Property prices in the area have increased by approximately 35% since the start of 2020, and the area is experiencing a significant price increase.
"property prices have gone up an astronomical low level locally on average since the start of 2020 property prices have gone up about 35 percent and this area that used to be kind of a not great area has started to see a huge price increase"
Real Estate Appreciation
Pending
The speaker has decided to list their renovated property for $114,900.
"for better or for worse i've decided to list this property at 114 900"
Property Sale Price
Pending
With a 7.5% sale expense, the expected net profit from the property sale is just over $25,000.
"if we have a 7.5 um sale expense that should net us a little over 25 000"
Real Estate Profit
Pending
The speaker purchased the adjacent property for $43,500 and believes it was a good deal.
"we bought the next door neighbor and we're really excited we got a great deal for only forty three thousand five hundred dollars"
Property Acquisition
Pending
The plan is to completely finish the basement of the newly acquired property, with a detailed breakdown of expenses and work to follow.
"our intention is to fully finish the basement in the course of this and i'm really excited to do a detailed dive on all the expenses and all of the work that has to go into this house"
Real Estate Renovation
Pending
Finishing the basement will result in approximately 1,600 square feet of living space, and the expectation is a 20% value increase on the property.
"resulting in a total square foot once we finish it of about 1 600 square feet and we definitely expect to get that 20 bonus on the property"
Property Value Increase
Pending