ilmscore | I Found A SECRET Underground Tunnel...

I Found A SECRET Underground Tunnel...

Predictions from this Video

Total: 10
Correct: 0
Incorrect: 0
Pending: 10
Unrated: 0
Prediction
Topic
Status
A strategy for real estate investors, especially first-timers, is to partner with a contractor on deals. If the contractor is confident they can fix an issue, let them lead, and they can take a larger share of the profit. This approach helps mitigate risks associated with repairs and marketability.
"on these kinds of deals what I've engineered on a couple scenarios is to go in with my contractor and when the contractor says I can do it I've let them kind of Take the Lead and say all right this is the upside you get your Lion's Share percentage or you get your percentage and if they can fix it they can fix it if they don't they don't that's been the kind of little thing that I've discovered recently that for a first timer if you've vetted your contractor really really well that seems to be one of the easier ways to mitigate bad headers and no one wanting to buy it definitely"
Real Estate Investment Strategy
Pending
For rental properties, the kitchen is a key feature for attracting tenants. The speaker plans to incorporate a large island, stove, ample cabinets, and good lighting, even if it means adjusting window sizes to accommodate more cabinet space.
"the kitchens are the home right that's like what's going to rent the place out if we added a spot to mount a TV kitchen's gonna be similar to downstairs again a big six foot Island overhang stove you know tons of cabinets lots of good light we have to shrink the windows so we could actually put cabinets here sure but it's gonna be a great size"
Home Renovation - Kitchen Design
Pending
A property is being converted into a four-bedroom, two-bathroom unit by utilizing the third floor for an additional bathroom and two bedrooms, enhancing its rental appeal.
"and then back here is like a cool office area you know whatever they want to do with it she got more washer dryer hookups over there yeah so you got the same level of amenities in the first floor this one even has the third floor too oh my goodness we have two more bedrooms and a bathroom so you're using the third floor for an extra bathroom bedroom for this apartment yeah two bedrooms and a bathroom Okay so this will be a four bed two bath"
Home Renovation - Bathroom Design
Pending
Restoring original, intricate flooring in older homes can be a significant expense, potentially costing $5,000 to $7,500 per room.
"and the Second Street has this style of flooring and in my case it's cherry and it was preserved properly so if you notice it starts off with a piece and these inch and a half wide maybe two inches and they start and as the floor goes in the room it progressively gets smaller and then the one that I have it ends up with one little piece in the middle of the room and it ends up being something like or some sort of really really fancy Jewel looking thing in the middle of the room and only on older houses like this do you see this level of craftsmanship on Floors great when you can restore it but I know when I've looked for costs to actually fix rooms like this and restore the flooring you could easily drop five grand to 7 500 just on the floor to preserve it"
Home Renovation - Flooring Costs
Pending
Installing new luxury vinyl flooring is estimated to cost around $6 per square foot, including labor.
"here we're just gonna have the flooring guys come through and just put down glue on or whatever they recommend just put all new really nice looks vinyl down so that'll probably end up being like six bucks a foot between the labor yeah and everything"
Home Renovation - Flooring Costs
Pending
Finishing unfinished spaces, like converting a large closet on the third floor into a full bathroom (with vanity, toilet, and shower), adds significant value and functionality to a property, especially in a multi-bedroom unit.
"this has always been like another bread and butter is finishing out these spaces that are unfinishable you've already put a lot of work up in here this did not have a bathroom up here my thing is if I'm gonna put out a four bed and I don't think it's going to be used as a four bed I think it might be a couple that has a couple offices or whatever you can't have one bathroom that's just a nightmare so this was a big closet originally for this room that's awesome so we framed it in when you open the door you look at the vanity you got a toilet and then we got a nice big shower that we'll have all new tiles around this will be a poor shower pan but this will just add more space just for people to get along and knock in fights over showers"
Real Estate Investment - Unfinished Space Conversion
Pending
While MLS deals are becoming rarer, they still exist, particularly for properties requiring significant work. As the market shifts, hedge funds may be more willing to sell distressed assets at a discount to avoid future losses.
"because the owner of this uh property here owned 8 000 properties when this was initially listed on the MLS what did they start at the hedge fund and then roughly around 110 120. okay so somewhere in that area so you ended up getting about thirty two thousand dollars off of list price on this and it's not that I ever want to say never look at deals on the MLS but time's going on my MLS deals get less and less and less but there's still deals to be had if they're like this that require a lot of work as the market starts changing a hedge fund knows prices are on the decline let's get rid of it now rather than wait 12 months"
Real Estate Investment - Deal Finding
Pending
Adding a layer of two-by-fours in front of existing walls allows for better insulation and provides a clean surface for running mechanicals (plumbing, electric, HVAC), ultimately improving energy efficiency and reducing heating costs.
"why are there two by fours in front of a wall this actually looked really good in here when you walked in with even with the trim I hated to take this off wanted to insulate and it also gives us the opportunity too for when we do our Ruffins and your roughing is anything Behind the Walls Plumbing electric HVAC and now we have a clean surface to run our Mechanicals through instead of having a punch a bunch of holes in the plaster then try to patch the plaster we can sit here and rough everything in right here it'll be beautiful it'll be perfect roll up our insulation and then now our drywallers are taking full boards and just putting them up and finishing them and yeah it's so much it'll be quick it'll be clean so now you've got an actual decent insulation value everything's going to be caulked up you're going to have almost no thermal bridge between the outside and the inside and it's just going to increase the heating ability on a place like this by an incredible amount"
Home Renovation - Insulation and Energy Efficiency
Pending
In smaller living spaces, such as a third-floor room, a bathroom may need to be tucked away due to limited ceiling height and overall space, prioritizing bedroom functionality.
"you'd have a two bedroom there and then this would be a one you could do this as a one or Studio this is actually a bedroom and that would be a bedroom there so the bathroom actually was back here and I just didn't like the ceiling height yeah this is this is awesome about six and a half that's not bad this would be the bedroom but bathroom would need to be tucked away a little bit because this just isn't like a huge living quarters"
Home Renovation - Bathroom Design
Pending
A property features a unique arched tunnel in the basement that leads out to the street.
"the basement here it may be storage but there's a neat tunnel that goes out to the street oh this is cool oh it's a tunnel there's a tunnel guys it's so cool oh and it's arched and everything oh my goodness oh that's too cool"
Real Estate Investment - Property Features
Pending