Future Flipper

8 posts by 7 users

Medium 1399669335 avatar brady4406 Brady Lucero
Great Falls, MT
14 Posts
0 Votes
1 Award

Brady Lucero

from Great Falls, Montana

Feb 07 '13, 09:32 PM

Hello everyone,
I'm a 25 year old Journeyman Carpenter and my wife is a Realtor. We have successfully "flipped" two homes on the side now. We lived in each house two years to avoid capital gains. I did 100% of the work myself, made $40,000 on the first home and $30,000 on the latest.
Each of these homes produced a profit as large as my yearly salary and required MUCH less labor then a standard 2000 hour work year. Due to this I've decided to work 3 more years, build up a sufficient bank roll then quit my job as a Carpenter & become a full-time Flipper.

Of coarse I have tons to learn before embarking on this but I have all the enthusiasm and motivation in the world!

Would love to soak up all the knowledge I can so any advise would be greatly appreciated!

Here's a few before and afters of my latest house:

This was before all the siding was done...Haven't taken an updated shot yet.

Edited Feb 7 2013, 21:38 by Brady Lucero

Medium 1399666228 avatar apirlrain Jennifer Lee
Real Estate Agent from Gibsonia, PA
700 Posts
153 Votes
5 Awards

Jennifer Lee

Real Estate Agent from Gibsonia, Pennsylvania

Feb 08 '13, 04:28 AM

wow great job!!! good luck!!! to me that sounds like a good plan ;p

Medium 1399394541 avatar jvermillionaf James Vermillion
Property Manager from Lexington, KY
2919 Posts
1090 Votes
11 Awards

James Vermillion Donor

Property Manager from Lexington, Kentucky

Feb 08 '13, 04:50 AM

Congrats Brady, you are already doing it! I used to say I would only work a few years after I started flipping, but being able to put all of my profits into the business has really helped accelerate our growth. However, I there will come a point where it makes sense for me to focus all my time and effort on real estate investing, and when that times come I will do so. I am trying to let that transition happen naturally and not force the issue. That W-2 income can really help when it comes to financing, plus you can reinvest most of your profits.

Good luck!

Medium 1448399064 avatar biggerpo Joshua Dorkin
BiggerPockets Founder/CEO from Denver, CO
16027 Posts
4121 Votes
23 Awards

Joshua Dorkin Verified Donor

BiggerPockets Founder/CEO from Denver, Colorado

Feb 08 '13, 06:15 AM

Welcome to the site, Brady! Thanks for sharing your pics with us. The flip looks good and it is great to hear that you're already on your way. We're here to help, so be sure to use the site as a resource.

Jump in and get involved!

Medium fbprofileJoshua Dorkin, BiggerPockets
Website: http://www.biggerpockets.com

Medium 1401731130 avatar wheelhouse Justin S.
Residential Real Estate Agent from Chandler, AZ
1752 Posts
885 Votes
13 Awards

Justin S. Donor

Residential Real Estate Agent from Chandler, Arizona

Feb 08 '13, 07:47 AM

Hi Brady

Nice work on the flip. What did you do to the floor in the kitchen and the family room? It sort of looks like painted concrete, but the sheen is different.


Medium 1448324704 avatar barnardinc Will Barnard
Developer from Santa Clarita, CA
12381 Posts
6031 Votes
23 Awards
Medium 1448398348 avatar brandonatbp Brandon Turner
Investor from Montesano, WA
12476 Posts
2400 Votes
18 Awards

Brandon Turner Verified Video

Investor from Montesano, Washington

Feb 08 '13, 08:44 AM

Welcome to the site @Brady Lucero. The pictures look great! I love that you have a plan, and now just need to follow that plan to success :) Congrats and be sure to subscribe to the "DIY" Forum - (there is a button on the side of the page, when you are in any particular forum) so you'll be notified when new questions come up. I bet with your experience you can offer a lot of great advice on construction!

Medium fbprofileBrandon Turner, BiggerPockets
E-Mail: [email protected]
Website: http://www.BiggerPockets.com

Brady Lucero

from Great Falls, Montana

Feb 10 '13, 11:12 AM

Thanks everyone. I never realized there was a forum this great for real estate investing!

Originally posted by Justin S.:
Hi Brady

Nice work on the flip. What did you do to the floor in the kitchen and the family room? It sort of looks like painted concrete, but the sheen is different.


The floors are an 1/8 inch thick bella vernici concrete overlay, stained and top coated. The manufacture guaranteed me as long as I put down HardiBacker there would be no problem putting this overlay on a plywood subfloor. I've had to completely re-do the bathroom floor and repair a few cracks in the kitchen. I would never recommend using this product on a wood subfloor.

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