Mastering House Flipping: Ryan Pineda's Tour of Three Profitable Projects
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In this thrilling episode of Ryan Pineda's escapades in the world of house flipping, we witness the adrenaline-pumping tour of not one, not two, but three different properties at varying stages of transformation. From the recent acquisition to the one under construction and the gem already on the market, Ryan takes us on a rollercoaster ride through the highs and lows of the real estate game. With a keen eye for deals, he delves into the nitty-gritty of how these properties were unearthed, the meticulous process of revamping them, and the tantalizing prospects of potential profits.
The first house, a bargain snagged from a wholesaler at $240,000, holds the promise of a lucrative ARV of $370,000. As Ryan crunches the numbers with his team, estimating a rehab cost of around $45,000 and a projected six-month timeline for completion, the stakes are high. Holding costs and closing expenses are factored in, with a conservative approach to ensure a safety net against unforeseen hurdles. The goal? A minimum profit of $50,000, with contingency plans in place for varying sale prices to safeguard against financial pitfalls.
Ryan's wisdom shines through as he stresses the importance of prudence in all estimates, advocating for a cautious approach in the volatile world of house flipping. His preference for flipping over renting in certain neighborhoods underscores his strategic mindset and risk-averse attitude towards investments. By sharing his experiences and insights on managing renovation costs, steering clear of over-budget ventures, and aligning with the pulse of local demographics, Ryan offers a masterclass in maximizing profits while minimizing risks. Join us on this riveting journey as we witness the thrilling highs and nerve-wracking lows of the real estate battlefield through the lens of Ryan Pineda's daring exploits.
Image copyright Youtube
Image copyright Youtube
Image copyright Youtube
Image copyright Youtube
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