Yo Quiero Dinero

← Yo Quiero Dinero3 aug · 1 u 06 min

We Bought Our First Fixer Upper: Real Numbers, Real Marriage Talk With My Husband

We Bought Our First Fixer Upper: Real Numbers, Real Marriage Talk With My Husband3 aug1 u 06 min

Hola mi gente! This week I'm switching things up. My husband Ray is joining me in an actual whole ass podcast studio to talk about the real estate business we've started building: house flipping. We closed on our first fixer-upper here in Florida, in cash, and we're pulling back the curtain on why we did it, what the real numbers look like, and how we keep being business partners from turning into a threat to our marriage.

WE GET INTO:

00:00 Welcome to the studio: meet Ray

02:03 Ray's construction background (his dad and grandfather taught him everything)

09:41 Why they sold the Puerto Rico condo to fund this

12:50 Finding the house: the comps, the negotiation, closing at $140K

19:21 Inspection day: the good, the bad, and the roaches

24:17 The full renovation scope, room by room

34:04 The real numbers: budget, target sale price, profit margin

38:59 How they split roles: the LLC, the credit card, the labor

45:10 Keeping the flip from taking over the marriage

47:44 Rapid fire: who's most likely to...