ilmscore | I Bought A House For $25,000!

I Bought A House For $25,000!

Published: 2022-09-06
Status: Available | Analyzed

Predictions from this Video

Total: 9
Correct: 0
Incorrect: 0
Pending: 9
Unrated: 0
Prediction
Topic
Status
The speaker plans to implement a 24-hour operation for their laundromat due to customer demand until 1 AM, despite potential staff resistance.
"we have customers till one o'clock in the morning on some nights and it sounds like there's friction between my cleaning lady wanting to kick them out so she can leave or get the laundromat done and me getting business so we've got to implement the 24 hours a day deal"
Laundromat Operation
Pending
The speaker is purchasing a house for $25,000 out-of-pocket, marking one of the first house purchases since October 2019.
"this is a departure from my normal properties but i am getting it for 25 000 out of pocket and hopefully noah and all you guys will be impressed i have not bought a house since essentially my youtube channel went viral this will be one of the first houses i've bought since october 2019 when we bought the trailer park"
House Purchase
Pending
The speaker estimates they can achieve $175-$200 per night for an Airbnb rental in the neighborhood, assuming a 75% occupancy rate.
"in this neighborhood we think we can get 175 to 200 a night uh if we can reach a 75 occupancy it's for some pretty serious money"
House Rental Income (Airbnb)
Pending
The speaker believes the house could generate $1500 per month in long-term rent, which is more than double their current average rental income of $650-$700 per month.
"in the neighborhood i could also get 1500 a month out of it my average rental right now is about like 700 a month 650 so it's more than double my normal place"
House Rental Income (Long-term)
Pending
The speaker anticipates spending $15,000 to $25,000 on renovations for the newly purchased house.
"i'm hoping i can put 15 to 25 000 in it to get it back up to speed"
House Renovation Budget
Pending
The house does not have knob and tube wiring, and the electrical system will be updated to push-button electric, avoiding a costly full replacement.
"we don't have knob and tube wiring in here it is sup like oh light didn't that light katara yeah oh hold on we did it so he's going to go in and he's going to replace these but we're going to have push button electric in here still"
Electrical System
Pending
The speaker plans to build a parking area with gravel, rather than replacing the collapsed garage.
"we're going to build a parking area bring gravel in"
Garage Renovation
Pending
The acquisition cost for a second property is estimated to be $60,000-$65,000.
"the acquisition cost is 60 65 000."
Second Property Acquisition Cost
Pending
The speaker estimates $15,000 for the rehab of the second property.
"i think it i can get out of it for 15 000 rehab"
Second Property Renovation Budget
Pending