hey everybody welcome back to the channel as always my name is Dave thanks
for tuning in we've got an amazing episode for you guys and this one is
number two in our series of helping our friend Danny pick out the ugliest house
in town and fix that thing up he's working with a tight budget so his
realtor has got him lined up with another house today this one is actually
just east of Fort Worth he lives up in the northern suburbs of
Dallas works out there too so this won't be that bad of a commute for him either
so we're gonna go check that one out I actually am gonna be a little late so
I'm gonna catch up with them here in a minute I had to run a couple of errands
earlier this morning because of that we might actually get there a little bit
later they might actually start to win a property before us but we're gonna catch
up and we're gonna check out what he's got going on and just like last week's
videos Sean can't be with us today he'll be back in another video soon if you
guys like the video feel free to hit subscribe hit that Bell notification and
then give us a thumbs up we really appreciate it but hey we're actually a
little late so let me grab my jacket it's another dreary day down here in
Dallas and let's get out of here
so I thought it'd be a great idea to jump into the Navigator seat here and
actually go along with you guys on this tour and explain what we found as you'll
notice right away the house is across the street from an elementary school and
turning the look at the house you'll notice that the garage door is original
we're missing some windows on the front and the windows that are there are in
pretty rough shape as well as the siding that stuff will probably need to get
replaced if we were to purchase this house we found a sign on the front
window that noted it as a foreclosure sale that's something I didn't know like
I said I got there a little later Danny and his realtor were there and they got
the rundown prior to getting in the house walking into that main living
space we were noticed right away some evidence of a rodent infestation and
that the hardwood floors were original albeit in rough shape but nothing that
can't be fixed so we took a right look down the hallway there and made another
left into the kitchen and noticing it is in pretty rough shape right away the
mechanical closet your heating system and your hot-water tank are actually in
that kitchen and to the left we see our back door which is in really rough shape
it's sill actually has a gap between the subfloor and the door sill and it leads
us to believe that there is a lot of water damage going on right along that
edge they're stepping outside you'll note that the back side of the house is
actually in really rough shape as well those windows some of them are missing
some of them are in really bad shape so that would all have to be replaced
there's a very obvious situation of deferred maintenance on this house you
have a lot of rot as you can see right here from about grade up to four feet
above grade maybe maybe three feet and that is due to splash back water rolling
off of the the roof hitting the ground splashing back and keeping that wood
saturated as well as a lack of maintenance over the years and you can
see here obviously no gutters and a definite lack of mate and it's more
than likely a new roof would have to be also applied to that house on the inside
here that's the inside corner of the kitchen you can see a lot of mildew dirt
and mold that corner being one of the worst where the roof actually looks like
it's missing and water getting in on the outside of the house looking back into
the rest of that living room there it's not in that bad of shape in there
obvious we have a rodent issue but the floors they could be resurfaced some of
that drywall in there not too bad a shape but that ceiling is a popcorn
ceiling so that would have to go along with some of the funky bookshelves so
headed back down that hallway we're gonna check out these bedrooms now
looking back into that back kitchen one last time we're gonna zoom in right here
and just you could see that that is a washer/dryer hookup on the right and
left of that door interesting situation there but first bedroom here you can see
these home own the previous home owners really didn't take good care of it that
carpet is super stained probably you know 30-year old carpet you could see
staining around all the vents holes in the drywall it's leading us to believe
that there's a greater issue within that space head back down the hallway to the
left there we see our bathroom it's in bad shape but not as bad as that one we
saw last week it was not falling in but our flooring is pulling up which makes
me think that there is some water damage going on that's undermining the glues
used to keep that flooring down
pretty dirty pretty odd you have probably accused to an elderly
individual that lived there with the accessibility grab bars so then we're
looking back into this back left bedroom windows seems to be okay there but I
spot some mold staining on the bottom corner on the outside of the house
staining all over these walls drywall is in rough shape but then we go ahead and
look back up at the ceiling and we notice that there is some water damage
there and you can kind of see that's dried up but that leads us to believe
that the roof is damaged at that point and then looking out the window neighbor
likes to park their motorcycle right next to your bedroom I'm not a fan of
that especially if you've got kids in there looking into this other bedroom
there's no window that needs to get replaced giant hole in the wall travels
all smashed up texture is really weird in there again
popcorn ceilings get some staining on the walls and it's just an interesting
house they're asking 190 for this and that's
the inside of the house we're gonna step outside take a look at the front as you
can see there that was the left-hand side of the garage on the front of the
house just completely deteriorated the exterior on the front not as bad a shape
as the back side of the house but we're gonna definitely have to replace all the
fascia the soffit the roof and it's starting to become more of an
undertaking them we want to achieve at that price point as you can see here not
that bad a shape looks like it's just been weathered and not taken care of but
who knows what happens after you start pulling some boards off looking here we
definitely have a giant hole with that some of these pests are getting in rot
going on where you see the wood meeting the brick that scares me because
underneath that is the structure of the house and that could possibly cause
issue with the studs and the framing and we don't want to get into anything like
that
alright guys so that was the tour of that cheap ninety thousand dollar house
out in East Fort Worth that house we were not expecting to be as bad as it
actually was it's kind of an issue when you run into comps that are about 150
160 for something that's been flipped 150 for something that's move-in ready
and the house that they're asking for is ninety thousand dollars that gives you
that six fifty sixty thousand dollar play room where you're not making any
money on the back end of that if you're looking at it like an investment like
what Danny is trying to do if you're looking to buy your forever home or
something like that but fix it up on the back end that is something that is very
doable cuz you'll come out and it'll be comparable if you end up moving down the
road you're gonna break even but as an investor it doesn't make sense to break
even you're trying to make money on the back end and so ninety thousand bucks
just isn't in the cards for this house he'd have to get it something like fifty
thousand forty thousand because the amount of work that is needed to get
that house livable is very very high you need all new windows and doors new
garage door big chunks of the siding have to be replaced and what worries me
is where you have the splash back effect there are no gutters on that house
so water's coming off that roof hitting the ground and splashing back at the
house especially about that three foot level from the ground up and completely
rotting that out worries me is the structure underneath that it has that
been rotted out as well not to mention you have a lot of drywall issues within
the house you have popcorn ceiling which is most likely asbestos you probably
have asbestos tile underneath some of the kitchen floors bathroom floors stuff
like that that would have to be remediated so you're looking at almost a
full guy full rebuild from the inside out and
it's just not gonna cut it at that price point and so after our tour today we
stop for lunch we're kind of ran our numbers balanced everything off of each
other and just didn't seem right for Dani to go for that house but that's
okay because there's plenty of other stuff his realtor has another house
lined up for him so we're gonna take a look at that one this one seems much
much more promising we actually talked about it at lunch as well
and it seems like this one is going to be a little easier to take care of much
more cosmetic hopefully we'll catch you guys in the next video if you do enjoy
this video please give us that thumbs up lets us know you guys liked it and hit
subscribe and that bail notification we'll see you guys later and remember
keep building