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How We're Turning One Property Into Two — and Creating Value Ourselves | Ep 142
Description
We bought a rundown house on a quarter-acre lot for $205,000 — and we're splitting it into two lots, patching up the original house just enough to sell it near breakeven, and building a brand new home on the other half. Do the math and the lot is essentially free.
Key Moments
- (00:00) Introduction
- (00:53) Why This Isn't a Classic Fix-and-Flip (and a Costly Tax Lesson)
- (02:20) Inside the $205K House (And Why It Smells Like Money)
- (04:37) The Real Numbers: How Splitting This Lot Pays for Itself
- (08:38) Builders, Timelines, and the Kid Who Picked the Faucets
- (11:35) How We Fund Deals Like This — and How You Can Join
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Disclaimer
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