March 8, 2024 • 53 mins
Our FlipSisters Lindsey and Tammy in Pennsylvania are sharing their first flip journey with us!
Not long after joining our coaching program, Tammy was surprisingly laid off from her job. What felt like a stressful situation in the moment, may have been just the push she needed to make things happen.
And make things happen she did! Within a week, they were under contract to buy their first flip, which led to a $23,000 profit in 3.5 months.
Listen in to hear:
- How they found the deal
- How they financed the deal
- How they managed the project
- The mindset shifts that had to happen
- Their biggest lessons learned
...and so much more!
GOODIES
1. THE book on women flipping houses is here! Click here to grab the digital download of my new book for just $4.99! Just as everything else we do is different, so is FLIPPED: Lessons and Stories of Women Flipping Houses and Facing Their Fears.
2. Sick of sitting on the sideline watching other people do the thing you want to be doing? Are you FINALLY ready to do what it takes to flip your first house and want incredible step-by-step training and support to get you there faster? Click here to see if we may be a fit to work together.
3. Follow That Flip! Follow this 8-part video series as we flip a house!
4. Our goal is to inspire 1,000 new women each month and we've been achieving it with help from loyal listeners like you! If you are getting value out of this podcast will you kindly leave us a rating and review and help us spread our message?
5. Are you a real estate agent tired of chasing the same potential clients as everyone else? Sick of the roller coaster commission? Get the REI Agent Pro Certification! Click here for info and to join the waitlist.
Debbie DeBerry | The Flipstress®
Leaving people and places better than we find them.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
You're listening to the Flip Houses Like a Girl
podcast, where we educate,empower and celebrate everyday
women who are facing their fears, juggling family and business,
embracing their awesomeness andwholeheartedly chasing their
dream of flipping houses.
Each episode, delivers honestto goodness tools, tips and
(00:21):
strategies you can implementtoday to get closer to your
first or next successful houseflip.
Here's your spiky-hairedbreakfast taco-loving host house
flipping coach Debbie DeViery.
Speaker 2 (00:40):
Hey there, thanks for hanging out with us today.
In this episode I'm introducingyou to Tammy and Lindsay, who
are a couple of our flip sistersin our coaching program in
Pennsylvania.
They completed their first flipand actually, since recording
this episode, they've completedand sold their second flip as
well.
So big congrats to them on that.
(01:02):
In this episode, we're going tobe covering their first flip,
how they found it, how theyfinanced it, how they handled
the challenges that came up, andwe'll also talk about how,
shortly after joining ourprogram, tammy actually lost her
job and that became a prettystrong catalyst for getting
(01:25):
their first flip under contract.
I think it was within maybe aweek that they went under
contract on their first flip.
After that happened, and how, inthe moment, something stressful
happening like losing a job,losing that steady income,
actually becomes a blessing andallows us to move forward toward
(01:47):
something we really really want, which in her case, it was
having this business flippinghouses, which led to a $23,000
profit in three and a halfmonths on their first flip, and
on their second flip theyactually made $22,000 in two
weeks Amazing.
We're going to get into all ofthat in so much more.
(02:10):
You're going to love them.
Let's meet Tammy and Lindsay.
So do you want to start out byintroducing yourselves we get an
awesome two for one today andjust letting us know who you are
and where you are and whatyou're up to in the world aside
from flipping houses.
Speaker 3 (02:30):
Yeah, sure, so I'll go first.
My name is Tammy.
I live in Harrisburg,pennsylvania, with my wife,
lindsay, who's joined me heretoday, and with our three young
boys, 10 years old and sevenyear old twins actually almost
eight, but seven year old twins.
So I actually used to be a Pand health teacher for about
(02:55):
seven years prior to my twinsbeing born and then, when they
were born, I decided we kind ofhad a conversation about it and
decided to take a step away fromteaching and take on probably
one of the most rewarding butdifficult jobs in the world and
that's being a stay at home mom.
So we start.
I started that not long afterthe twins were born and then we
(03:19):
moved from Florida toPennsylvania in 2017.
And it was around that time thatI guess the dreamer in me kind
of started to develop a littlebit, because my mind was
thinking like, well, I'm gonnastay at home mom, but what can I
do to kind of help support myfamily?
So at that time it was we owneda camper and I decided I was
(03:45):
going to start renting it.
So a little side hustle jobthat turned into actually over
the next few years are very goodsuccessful business.
I mean it was.
I ended up managing otherpeople's RVs and I had about an
inventory of about 20 units nice, which was great but I realized
it was just unsustainable forme to be a stay at home mom and
(04:07):
to run this type of business.
So it was 2020 that I ended upselling off that business, and
then this past summer was whenwell, no, so then I still bought
that business and then Istepped into a corporate
position as a franchise supportmanager in the RV rental
business and did that for abouttwo years before I unexpectedly,
(04:31):
this past summer, was let go ofmy job.
Well, did not see that coming atall, but I think the worst part
of it, the hardest part of it,was I couldn't even collect
unemployment, so so we were alittle little shook up, but but
anyway, since then, real estateinvesting has become my main
focus, my job basically.
(04:52):
But during our first flip,there was something that sparked
a little inspiration in me thatI realized that, doing the
hands on stuff that I love doing, I could actually use that
skill and serve others.
And so I started a little smallbusiness where you know I'm
offering like house cleaning andpainting and like little little
(05:13):
honeydew list stuff.
So I kind of I'm on the groundfloor of that, but so we'll see
where that takes me.
So that's kind of what I'vebeen doing, and I'll let Lindsay
introduce herself about whatshe does.
Speaker 4 (05:25):
Well, I do not have quite a story.
Speaker 2 (05:28):
Oh, the boring one.
Okay, here we go.
The boring one, yeah.
Speaker 4 (05:31):
I have been, she's not.
Yeah, I have been a nurse foralmost the last 20 years and I
absolutely love it.
It's wonderful, it's my passionand I'm a nurse supervisor now.
So a lot of the skills thatI've learned as supervising
people, I'm being a team manager, I'm really, you know, helping
Tammy out when she's goingthrough contract or
(05:52):
conversations and managing thepeople in those ways, and I'm
like you know.
This reminds me of one of myemployees and this is what I
would do and just I'm being likeher sounding board when it
comes to that kind of thing.
But I didn't have a big careerchanges that she had.
Speaker 1 (06:08):
Think of her.
Speaker 4 (06:09):
I do all her entrepreneurial things and I'm
just here supporting.
That's awesome.
Speaker 2 (06:14):
So you recently closed on your first slip, which
was literally so freaking cute.
That house is so cute, it's socute I want to squish it.
It's just it's really cute andyou did an awesome job.
So I want to hear all about it.
(06:36):
I want to hear how long.
Okay, so this is interesting,right?
Isn't it interesting inhindsight?
Like, yeah, it sucked that youlost your job.
That felt pretty bad, Like 10.
Speaker 3 (06:50):
Mm-hmm, super punch for real, yeah.
Speaker 2 (06:55):
And didn't it kind of need to happen?
Speaker 3 (06:59):
Yeah, 100% yeah 100% you could have said it better
because I was in a position withmy job where so many changes
had taken place over the courseof I don't know a few months,
maybe six months, that it hadbecome unenjoyable.
It was stressful.
It never turned off, but for meit was a job and I was
(07:23):
committed to working my jobbecause I was supporting my
family.
In hindsight, here I was, youknow, getting into real estate,
investing because it started aslike a side hustle.
You know we were going to bedoing this on the side of both
of our full-time jobs.
Like most people, do you knowit's not something you typically
start when you don't have a jobRight, you just don't do that.
(07:44):
So you know, getting into this,yeah, it was 100% God's way of
totally, just, you know, pushingme into the next chapter of my
life, whatever that was.
I still don't, you know, I'mstill kind of figuring that out,
but I'm trusting the processand I'm very open-minded to
(08:05):
knowing that there's a plan forme and that everything's going
to be okay and I'm just going toapply when I'm learning the
people that I'm meeting and allof it, and just kind of seeing
what happens.
You know, I'm not living infear.
I just want to walk in faithand just trust the process.
Yeah that's awesome.
That's what we're doing, yeah,yeah.
Speaker 2 (08:24):
It's those things.
They're usually the thing thatwas most necessary to get us
where we're supposed to be next,because we weren't doing it on
our own, and so it's likeuniversal or God, whatever
anybody calls it.
Right, okay, so you didn't.
So here you go, I'm just goingto flick you off the edge and
(08:46):
you're going to be okay, butyou're going to kind of feel a
little bit out of sorts for awhile.
Speaker 3 (08:51):
Yeah, yeah, it was the day that I lost my job.
I picked up the phone and Icalled my wholesaler that I had
been working with and I said, Isaid listen, I said I just lost
my job.
Today I'm super motivated.
I got to find a house, you know.
So I was like, just keep me onmy on your radar, just think of
me when you're out there.
And he's like, okay, I got you.
(09:11):
You know, it was like, you know, he was kind of looking out for
me and I felt that we haddeveloped a good relationship
and so, you know, I just wantedhim to know the position that I
was in.
And so from there, we, you know, we walked a couple more
properties and put in someoffers, but nothing yet.
And I think it was like threeweeks to the day that we losing
my job that he called me up andhe was like hey, you know, that
(09:33):
house that you looked at I thinkit was about a month and a half
ago it was priced at 135,135,000.
I think our offer that we hadput it on it was around 95,000.
Of course it was too high.
It was not something they werewilling to go with.
He, and actually it was acouple of weeks later, they had
come down to 115.
Obviously was still too high,right, but anyway, he was
(09:56):
calling me to let me know thatthe it was an estate sale or
whatever and it was the attorneythat was trying to get rid of
the property.
I guess the family was having alot of issues and he and she
was like hey, listen, I need toget this household, so we're
going to drop it down to ahundred thousand.
And so he called me and he'slike Listen, I want to give you
the first opportunity topurchase this property.
(10:17):
You know.
He's like I know you're in aposition, you are.
And I said Okay, I said I tellwhat Lindsay know.
And I said let's go walk theproperty again, let me get my
eyes on it again.
And during walking thatproperty I'm thinking in the
back of my head Okay, now that Ihave extra time and I love
having my hands on projects thatfactored into knowing that I
(10:40):
could put a little bit of sweatequity into this and I could
make these numbers numbers work.
So we said, okay, let's put inan offer of a hundred thousand,
and we did and the number wasaccepted.
So we were super excited and Ithink we closed.
We would have closed in acouple of weeks, but we we had a
big like week long vacationcoming up that it would have put
(11:01):
it right in that time and wewere like you know, can we close
in three weeks?
And they said, yeah, that's noproblem.
So we ended up closing in theend of August, august 21st,
august 21st, yeah.
Speaker 2 (11:12):
So Okay so a hundred.
Speaker 4 (11:16):
K.
Speaker 2 (11:17):
And what were you thinking?
Speaker 3 (11:21):
the repairs would be so at the time because my my
contractor had walked theproperty with me to give me a
rehab estimate.
I think we were sittingthinking around 58,000, maybe
maybe 58 to 60,000.
And then it was more of.
I was telling my contractor,hey, these are my numbers, and
(11:41):
like we have to make this workin this amount of you know this
estimate, he's like, okay, okay,yes, that's, we'll make those
numbers work.
We got this so.
So when we got under contract,we got an inspector in there
right away to have an inspectiondone on the property and when
he completed the inspection hecalled me up afterwards and he
said so he was kind of goingthrough the list of things and
(12:03):
he said, so you're planning onreplacing the roof on this house
, right?
And I was like, um, no, that wasactually one of the out of
everything we were doing to thishouse like completely doing
everything, the one thing wekind of were passing on because
we thought it, I mean in mycontractor said, no, it looks
okay, you know, it just needs tobe cleaned up so, and he said
no, that that roof needs to bereplaced.
So I said, okay, let me go mycontractor.
(12:26):
So I called my contractor and Isaid you know we got to replace
the roof and how much is thatgoing to cost us?
And he said, oh, you're, you'relooking at about $8,000.
And I said, hmm, that's notgoing to work.
Speaker 4 (12:36):
I said we got to figure something else out.
Speaker 3 (12:38):
So I we live in a community with a lot of Amish
that do phenomenal work and forgood prices to do, and I said
you know, I'm going to replacethe roof.
I called a community with a lotof Amish that do phenomenal
work and for good prices too.
So I said let me call around.
I called a couple people thatI'd found in a Facebook group
(12:59):
and then her father is works fora building yeah, custom home
builder.
So he was like you know what,lindsay?
Speaker 4 (13:08):
there was a guy who called me today and he said are
you looking for?
We have these services, we doroofs, could you use us?
And he's like no, we have a guywe use all the time.
He passed along his number.
Speaker 3 (13:20):
I said, tammy, this guy sounds great and I'm not
because it you know, what I wasfinding with the other roofers
that we were getting in contactwith is, even if they could,
there was something thatcouldn't even come out and put
an estimate on the house forlike a month.
Yeah, just an estimate.
And I'm like, oh, my gosh, I waslike this is not going to work.
So he was like, oh, I can beout tomorrow to give you an
estimate.
So he did and it was what?
(13:41):
Like $5,400.
I'm like, okay, that's better,this is something we can work.
Yeah, that was much better.
So yeah.
And then he's like, oh, and Ican, I can start in a couple of
days.
And I was like, so he ended upbeing a wonderful.
Some of the contractors that Ihad had at the house while they
were putting on the roof they'relike, yeah, he's, he's doing it
(14:04):
right.
So, cause hell, we were kind ofworried, just kind of going
with the lowest price andwhatnot.
So but yeah, so he ended upworking out well.
So that obviously pushed ourrehab up a little bit higher
than than we were anticipating,and I would say so with the roof
we ended up only going overmaybe a couple of thousand more
(14:24):
of that initial, because we wereright around like 67,000 total
with the roof and and everything.
Speaker 2 (14:30):
So there any any other surprise repairs that came
up?
Speaker 3 (14:35):
I'm surprised repairs , I don't think so no it wasn't.
No, we I mean, we kind of knewwhat we were getting into with
the HVAC, but because we put itin a whole new system Originally
, we thought, cause it had amini split system and again, the
things you learn as you gothrough this we thought that was
going to be suffice.
And my electrician, or theplumbing electrician guy, was
(14:56):
like you know?
No, this is.
You know, we got to put in awhole new system.
So that was initially what wetalked about in the beginning,
but it wasn't any surprises.
Everything seemed to go prettygood as far as everything else
we the roof was the main thingwe just weren't anticipating
yeah.
Speaker 2 (15:11):
And then Okay, so three weeks to close, all right.
Oh, how did you finance it?
Speaker 4 (15:17):
So Tammy is like a great relationship builder and
did all this due diligence andfinding HMLs and had it all
lined up.
And then we said, you know what?
We have a family member whotheir situation isn't just sold
a business, they're looking toinvest.
Let's see if they're availableto be a PML.
So we put together a nicelittle PowerPoint and said guys
(15:40):
want to fund the purchase price.
And then we went a little bitfurther and said the second
option is would you like to fundthe purchase price plus half of
the rehab, and then we'll fundthe other hand.
And they said okay, and we wentwith them.
Speaker 3 (15:54):
Yeah.
Speaker 4 (15:54):
It worked out for everyone, yeah.
Speaker 3 (15:56):
Yeah, it was just a matter of you know, just asking
you know, because you just neverknow, you don't and what I'm
finding out is a lot of peopledon't know that they can invest
like this.
You know, and now that you know, I'm learning more about it
there's a lot of people, a lotof people, that do this type of
investing and private moneylending yeah.
Speaker 2 (16:17):
Yeah.
Speaker 3 (16:17):
Absolutely, obviously , we didn't know anything about
either.
So they're out there andthey're willing to loan money,
which obviously they're gettinga great return, absolutely 100%.
Speaker 2 (16:29):
So my first that was one of my first lessons was
don't judge somebody like likethe amount of money they might
have.
My first private money lenderwas a preschool teacher.
Had been a preschool teacherfor 25 years.
Never in a million years did Iever think that she had this
(16:50):
statue.
No, she did.
She had a statue and she's likeoh, yeah.
And I was just like what are youeven talking about, man?
Who are you?
Yeah, but yeah, you never know.
And of course, when I was brandnew I didn't know either.
I wasn't thinking about it asan investor, but it's my
(17:12):
favorite vehicle.
Being a private money lender tosomebody is awesome.
I love that.
And on the flip side, likeasking, like don't be scared to
ask because a lot of people justdon't even know, they don't
know how they can be protected.
You know so, people just don'tknow.
So, yeah, yeah.
So you got all your fundingwell, some of your funding, the
(17:35):
purchase price and then half ofthe repairs from private money
lender a family member and thenyou funded the rest.
Okay, from purchase to sale.
What was the timeline?
Speaker 3 (17:48):
From purchase, basically clothes to close.
Yeah, was three and a halfmonths.
Yeah, Very nice, three and ahalf months from clothes to
close.
So, yeah, I think it could have, looking back and the little
bumps that we went along the way, it could have been a little
(18:09):
bit quicker.
I mean, we had initiallyplanned on having it done about
two weeks.
Sooner or later it ended up andit really could have been.
It.
Just, you know the things thatcome along and the contractor's
not showing up and you knowthose kind of things that you
have to investigate and fix.
But now I think I've learned,moving forward, because I've
talked to so many people doingthe same thing, just locally,
(18:32):
and it's a common thing andwe're not alone with having that
experience.
So, because I honestly thoughtit was like the cloud was over
us, you know, and happening tous, but yeah, it really it
couldn't happen.
And so it's just what I learnedfrom it is, you know, being
stern and being organized andhaving that conversation to find
(18:53):
out what's going on, so thatyou're talking through it.
You know, communicationbasically is the key and with my
head contractor we havedeveloped a good relationship to
where, even if we do comeacross some hurdles and some
bumps.
I can talk to them.
We can talk through things andcommunicate and work things
through.
So that's been really helpfulfor me.
Speaker 2 (19:15):
Yeah, it doesn't have to be a confrontation, it can
just be a conversation, right,right?
Speaker 3 (19:20):
It can just be a conversation, yeah.
Speaker 2 (19:23):
Right, the tone is everything, yeah.
Speaker 3 (19:26):
I don't like confrontation.
You know, I don't like to haveto get mad at someone or to kind
of point out the flaws orsomething like that.
But I'm willing to be like hey,you know, you don't have to
handle it that way, Come to menext time.
Or you know, like, rather thantrying to sneak around or do it
your way or whatever, let's justtalk about it.
(19:47):
We'll figure it out together.
You know, because the way I waslooking at it I was like you're
playing with my emotions rightnow.
You know I'm needing to takethis seriously.
So you know you're not the onlyone involved, you know.
So.
Speaker 2 (20:01):
But I think the thing is to consider is that most
contractors, if somethinghappens, the person that hired
them, the person they're workingfor, it's not a conversation.
It becomes a big thing thatprevents them from wanting to
(20:22):
just have a conversation aboutit.
They don't want to talk aboutit, so they're going to hide it,
or they're going to not show upfor a little bit and kind of
hope it goes away, or they'regoing to.
Maybe something comes up andthey really need to go finish
this one other thing over here.
Like they just need to gofinish this one thing.
They'll be back and instead ofjust communicating that, because
the person you know, theyassume the person's going to get
(20:43):
super mad, yeah, they do it,and so you're left in the.
Where are they and are theyever going to come back?
All because everyone's scaredof communicating.
Right.
Speaker 3 (20:53):
Over promising, under delivering.
You know the kind of thing.
You just talk to me.
Let's like just be real with me.
You know, and that's which youknow, I still have a great
relationship with all thecontractors I work with and you
know I think that we all learnedfrom it.
We all did.
Speaker 2 (21:10):
For sure.
So it was a great experience.
Yeah, it's, I think, one of thethings that anytime I work with
a new contractor or vendor orsomething, one of the things
that they'll say to me is I'venever been able to make a
mistake.
If I make a mistake, you knowit's like a shaming experience
(21:34):
versus I screwed up, I'm goingto fix it.
You know, this is how I'm goingto fix it, but I'm just owning
up to I screwed up because it'slike nope, everybody has to be
perfect.
We can't make mistakes when inreality, we're making mistakes
all the freaking time, likewe're just like recovering from
the stakes all the time, whichis the that's the point but
we're also so scared to screw upLike it's like this weird world
(21:57):
we live in.
Speaker 4 (21:57):
Yeah.
Speaker 2 (22:00):
So what kind of things did you do?
You said you did some of thework that you like to be hands
on.
What kind of things did you do?
Speaker 3 (22:08):
Yeah.
So let's say, some of thethings that I ended up doing
were I did the painting.
So the house was parceled as athree bedroom, but the third
bedroom upstairs you'd have towalk through the master or the
primary bedroom to get to it.
(22:29):
So it's like either make it inwhich smaller to create a
hallway, and then it would havebeen a super tiny bedroom.
So I was like well, this isn'ta work, so it was actually her
idea, that's his idea.
That was like why don't we turnthis into a primary?
Let's see like a bath, likeit's a great idea, so anyway.
So what?
We didn't have any.
Obviously we didn't.
(22:50):
I didn't do the hands on thenap, but what I was getting at
was we had to run the plumbingactually down, and so we had to
create like a little box and theplumbing that ran down to the
kitchen and there was thislittle awkward kind of corner
that I was like, well, we can'tdo it this space.
And so I came up with the ideaof doing like a little built-in
drop zone.
So I built a little bench andput a little coat right in it.
(23:12):
It just really fit the space soperfectly and it almost looked
like it was meant to be there.
Speaker 4 (23:18):
Yeah, it was gorgeous .
Speaker 3 (23:19):
So it was fun, but I did a lot of the exterior stuff,
like the landscaping.
I pressure washed the towels, Idid.
What else did I do?
Oh no, I didn't do the driveway, but I made a lot of that.
But oh the, I don't know if younoticed the cedar post on the
(23:41):
outside.
Oh yeah, so yeah, my dadactually flew up from Georgia
for about a week to help withlittle odd jobs and so we did
that and we built the shutters,we built the shutters.
Speaker 2 (23:51):
Oh yeah, that's right , the shutters project.
Yes, I remember that.
Speaker 3 (23:54):
Yeah, the shutters project and then just little
knick-knacky stuff like thelittle number plate that's on
the front.
I made that from scrap Littlethings like that and back splash
Like the doing the back splash.
So it's stuff that I wasn't everprepared to do.
When we started this, I wasn'tplanning on handling all that.
Now do I enjoy doing that stuff?
(24:15):
But I was.
We were looking at having someother people do this and having
maybe a little bit of hands on,but we knew that the time wasn't
going to allow for that ofhaving two full-time jobs.
So now that I was available,right, I just was all about
jumping in and I loved it everyday I loved it, I really did, I
really did.
Speaker 2 (24:35):
Well, the touches that you did, took it from house
to home, like that's what madeit charming was the number plate
and the bench, and like all ofthat is what made it charming.
Yeah, yeah, ok.
So wait, was it a?
So was it a 3-1?
And you made it into a 2-2?
Speaker 3 (24:54):
2-2.
Yeah, it was part of.
It was a 3-1, which I was likehow Like there was no closet in
the third bedroom, so it was itwas very strange, it was just a
weird layout.
Speaker 2 (25:05):
It was a bedroom wink .
Did y'all go into it thinkingyou were going to make it a 2-2?
Was that the plan from thestart?
Yes, yes, ok, gotcha OK, cool.
Speaker 3 (25:14):
Well, when we initially saw it, when we were
walking it, no, but when wedecided to put the offering on
it and we were coming up withthe rehab yes, that's when we
were for sure.
Speaker 2 (25:23):
Ok, it seems like it was pretty straightforward, Like
you don't have any, you didn'thave any issues and problems,
and well we had.
Speaker 3 (25:33):
well, we didn't have any problems or issues with what
the rehab entailed we did.
I did have a little bit of abumps along the way with some
contractors.
So so to kind of back up alittle bit on how I handled that
situation, we went into thiswith a general contractor, an
actual general contractor thatwe had used on our own
(25:53):
renovation of our house what twoyears prior and you know a
really good experience with that.
Again, it's a bumps, but we wereable to communicate through it.
So I felt like we hadestablished a relationship that
was trusting and that I wouldwork with you again.
So he initially came on as ageneral contractor and because
of the whole roof situation, hecame to me prior to getting
(26:16):
started and he said hey, he saidyou know how would you feel
about if you work directly withthe plumber or electrician
contractor to save you a littlebit of money there?
I feel like if you wanted todeal with him directly, that
would help you out, because heknew that you know, our budget
had shifted a little bit becauseof the roof and everything.
So I said, yeah, that's not aproblem at all.
You know, I don't mind workingdirectly with him.
(26:38):
So I got together with thatcontractor and got everything
set up and of course he wantedto kind of you know, help out
with the situation as well.
And he said you know, I have aguy that's a drill waller that
could, you know, come in and doit for about half of what you're
being quoted and kind of helpyou out.
So of course I was like, ok,that sounds great and everything
(27:00):
sounded good.
He's like you know, I got a guyand he could be here tomorrow,
and the other guy was like youknow, we didn't know when they
could come in and it was alittle bit more costly.
So I was like OK, so I kind oflet him take the lead on that.
And, long story short, it kindof became a little bit of a
nightmare.
So he said the contractor,drywaller, wasn't showing up
(27:23):
when initially we started and Iwas like what's going on, you
know?
And he said well, he said he'dbe here.
I'm not quite sure.
So that kind of went on for alittle bit and then he finally
did show up and he did abouthalf of what he was supposed to
do, which was great, he did agood job and, you know, was
doing well.
But then it wasn't showing upagain.
(27:43):
So on that, of course I wasgoing to my conch, my stuff that
I was working with, because ofcourse at this time I couldn't
go back to my general contractorbecause he's, you know, he's
not in it with this part andhe's like I don't know.
He's telling me he's going tobe here.
You know that that kind of game.
So I just kind of wrote it outfor a little bit.
So we're finally as like, I gotto do some investigating.
(28:05):
So I found a way to reach outto the contractor myself to say
for myself to be like what'sgoing on?
You're halfway through the job,why you're telling my guy
you're coming, but then youdon't show up, well to find out
he hadn't received a penny onanything.
And so you know how it is.
Yeah, I'm not going to get backup if I'm not getting paid.
(28:28):
So you know, again, I don'tlike confrontation, so I didn't
get into going back to mycontractor and saying hey,
what's going on here?
I simply just said hey, youknow what, come to me tomorrow,
show up, I'll pay you, you know,to deal with me.
So then I kind of had himstarting to work under me and we
all just went about our thingand things got moving again.
Speaker 4 (28:49):
Mm, hmm.
Speaker 3 (28:50):
So things were good, you know, and I just kind of let
things ride out, you know, likeagain I didn't, I didn't create
confrontation and stuff, butand everything kept moving and
we got delayed because of thedrywall or everything else was
delayed.
Speaker 4 (29:04):
As you know that.
Speaker 3 (29:05):
Just everything down as a matter of fact, debbie, I
don't know if you remember thiswe were having our countertops
measured, oh my gosh, and we didnot have in our kitchen, and we
did not have insulation orwalls up the night before they
would come out.
Speaker 4 (29:23):
Oh God.
Speaker 3 (29:24):
And I was like and so he's like he can't promise me
he's going to, I'm going to getit done.
I'm like you know, walls upright now the kitchen cabinets
aren't even in, so it wasliterally the next day.
They were at the last minutegetting everything.
I don't know how they pulled itoff.
There was three of them puttingit together 7 AM.
Yeah, they were there early.
(29:46):
The guy did show up to measurethe countertops and he said
actually our sink had to be in.
It was a farmhouse sink, whichthe contractor, I guess, didn't
realize that.
So he said that's how you what?
I have other jobs I can go do.
I'll come back and I'll sink,thank you God.
So yeah, that's kind of how wewere and I don't like pressure
(30:09):
like that to where we're waitingto last minute.
I mean fascinating a little bit, but that's just too much
extreme, that's extreme.
So I don't know.
I mean he was my contractor,had to have been just stressing
himself out doing that.
But yeah, that's the kind oflittle stuff that we were
dealing with which in the end Ilook back and I'm like OK that
(30:30):
was fun.
Speaker 2 (30:31):
Yeah, let's do that again.
Speaker 4 (30:34):
Yeah, and her roller coaster.
Yes, yes, Sure, you were alittle stressed out there.
Speaker 3 (30:39):
Oh yeah, I had some tears in the beginning, for sure
, because that first week whenwe closed we closed on a Monday
yeah, that first week I was theonly one showing up For a whole
week.
For a whole week and mycontractor was like, don't worry
, Everything's getting materialordered, we're measuring for
stuff, Like he reassured me that.
Well then, Right, I'm like what.
(31:02):
I'm the only one showing upLike.
This is not how it's supposedto be.
Speaker 4 (31:07):
I wasn't here.
I know she was like demoing byherself trying to record herself
and the camera was falling offthe ladder and she's like watch
this video.
I took it for the boy and I'mlike this is a terrible video.
Speaker 3 (31:21):
I've got just the ceiling, I'm like so fun, yeah,
but I came home at night and Idefinitely had some tears, but I
had the support of Lindsay andthe support of the group.
Speaker 2 (31:35):
Yeah.
Speaker 3 (31:36):
Helping us reset our mind that we can do this.
We're here for a reason.
This didn't happen just bychance.
So we're here and yeah.
So we just kind of refocusedand made it happen.
But yeah, that's what made thechallenges are what make it fun.
Speaker 2 (31:53):
Honestly, if there were problems to solve along the
way, what is it Like, honestly?
Would it be rewarding?
I don't know, I really don'tknow.
Speaker 3 (32:03):
Yeah, I think it's part of it.
Speaker 2 (32:05):
I think it's part of it.
Yeah, I agree If we could pickand choose what our hearts were,
though Like maybe some mediumhearts, not some super-duper
hearts.
Speaker 3 (32:14):
Yeah, or just have that magical ball to know that
it's going to work out.
Speaker 2 (32:21):
No, matter what, I can't give you all the
challenges you got.
I know it's going to work out.
I'll be fine.
I'll be fine.
What would y'all say?
Your roles were in the business.
Speaker 3 (32:33):
OK, so for me I did a lot of the late work kind of in
the beginning too, because Iworked from home when I did have
my job, but I was waking upextra early to be able to put it
in my work hours so that Icould open up my afternoon to be
able to walk property.
So I basically put in my hoursearly so if an opportunity came
(32:55):
to walk the property and puttingin the offer, so I was doing a
lot of the.
I don't even know that we jokeabout this, that she hasn't even
seen our real estate agentsince we first met her months
ago, Because I'm the one thatmeets with her, walks the
properties and then we talkabout putting in the offers
together and stuff like that.
(33:16):
But so I kind of took that roleon in doing a lot of the late
work of that part, and you, Iget to do my favorite thing I
get to do what I get to findbargains and go shopping.
Speaker 4 (33:28):
Yeah, it is so exciting.
Speaker 3 (33:32):
She'll say you have this much money.
Speaker 4 (33:34):
Try to find better and I will find better.
Speaker 2 (33:37):
I love it.
I love it, yes On everything,yeah.
Speaker 3 (33:41):
Yeah, don't get me wrong, I love to shop.
I love to shop, but I tend tobe a little bit well.
Yeah, she goes after it, sheputs it together and then we
like to collaborate on thisstuff together.
But it's nice that she canpresent me with stuff rather
than me having to go out andfind it and find the deals she
(34:01):
loves to do that and I justdon't Like I'm a painful price
for something just because Idon't want to have to like sip
or something.
Speaker 2 (34:09):
Yeah, yeah, no, I totally get that yeah.
Speaker 3 (34:13):
She loves the bargain , she loves the sale, so go for
it.
Speaker 4 (34:16):
Find it and we're like really lucky because we
agree on a lot of things.
So I can say I found this stuffI know you're going to love.
You have A, b or C, which onedo you like and tip it's.
Usually we agree on that.
Speaker 3 (34:29):
Yeah, for the bus ride.
Yeah, we agree on stuff.
We might have to talk eachother through why one is better
than the other, but it's not.
Speaker 4 (34:37):
Would you say we're like the yin and yang?
Yeah, yin and yang.
We definitely complement eachother with that kind of thing.
What did you label me as?
You're the chip to my Joanna,the gains, yeah.
Speaker 2 (34:48):
Love it, so you're the design.
Speaker 4 (34:50):
I am, but she sees the whole picture.
She'll look at the kitchen andsay I want the refrigerator here
and I want the layout like this.
And then I'm like but I wantthe warm wood tones and I'm
going to bring in a really coolfan yeah.
Really cool light, yeah, all ofthat.
Speaker 3 (35:06):
Yeah, I'm more of like the layout, the layout of
how things are going to feel.
She's the designer of what'sgoing to go where and that kind
of thing.
But what really broughteverything together was our
stagier, our staging on thishouse.
Speaker 2 (35:21):
You can't, you cannot skimp on the stagier.
Don't like people who are like,oh it's fine, you don't need
staging, you know it'll sell.
I'm sure it will.
But I promise you it will lookbetter and you will get more
money if you stage it with astagier that does a good job.
Yeah, yeah.
Speaker 3 (35:39):
That house was amazing, yeah, and it needed it
too, because this house was avery exciting Right.
What was the square footage?
I don't know, maybe just at1,000.
Yeah, just 1,000.
But the first floor had areally awkward kind of first
room and the kitchen and livingand but it was also so I was
(36:03):
like a stagier is going to haveto bring this together and I kid
you not, I came over after shecompleted it and I think it's in
the pictures first.
Speaker 4 (36:12):
I can't remember, I didn't even believe the pictures
.
I says how.
Speaker 3 (36:16):
I walked in and my jaw just dropped because I was
like, wow, it just made it ahome and I just couldn't believe
it yeah, it was totally givesme chills.
Speaker 2 (36:28):
I know that feeling, I know that exact feeling when
you walk in and you're just likein tears because you're like,
oh my God, yes, this is exactlythe vision.
Yeah.
Speaker 3 (36:36):
I told my stagier I'm like you literally brought me
to tears.
She did a phenomenal job and itwas you know little things, it
wasn't a ton of staging, it wasjust the right amount and it
just made everything cometogether and I just like, oh my
God, we made this work.
Yeah, Believe it.
It was so rewarding, it wasgreat.
Speaker 2 (36:53):
So three and a half months, bought it for a hundred
K, put about 67 into it.
What did y'all list it for?
And was that the same ARV youwent in thinking it would be?
Speaker 3 (37:10):
Yeah.
So we ended up listening it for215.
But it did kind of change alittle bit early on because we
were playing with, you know, thelittle things that we were
adding in the beginning, beforewe actually purchased the house,
you know, when we weren't goingto put the H back in because it
had a mini split, and then itwas like no, if you want to
(37:30):
compete with you, you knowyou've got to do this.
So then by adding that, eventhough increased our reno amount
, it also increased the ARV.
Speaker 1 (37:39):
So then you know.
Speaker 3 (37:40):
so then we changed it then, and then, of course, the
bathroom.
That changed it a little bit,but by the time we were ready to
sell we were, you know, at thebeginning of our renovation it
was 215.
And then because, like I said,that house closed the day we
closed on our, our house for 215.
Speaker 4 (37:59):
I was like, okay, because at first we're kind of a
little worried about, like youknow, is it going to be?
Speaker 3 (38:04):
because the market was shifting a little bit.
But then that happened and Iwas like, okay, I feel pretty
darn confident with 215.
So, yeah, we listed it at 215.
Speaker 2 (38:15):
And what?
What was the reception likewhen you put it on the market?
And then what happened?
We put it on the market.
Speaker 4 (38:24):
We did have a coming soon, for like a couple of days,
yes, and then put it on themarket, on on a Friday and we
did have a ton.
Speaker 3 (38:33):
I mean, I don't know the exact numbers, but we had
some really good traffic withthe house and the.
The people were coming throughit, but we didn't have any frizz
yet.
And that was what day two, whenwe were getting yeah, I know.
Speaker 4 (38:47):
And it felt so vulnerable.
We're like putting it out there.
Speaker 2 (38:50):
Yeah, it's awful, it's so scary.
Speaker 3 (38:54):
It really is.
We were getting good feedback.
That it was.
Everybody was liking the house,loving the house, was great,
but it was just a little toosmall.
So we're like, oh, great, so ofcourse me.
Speaker 4 (39:05):
I'm like.
They know the size of it, theyknow how many bedrooms there are
.
Why?
Why are you so surprised thatthere's two bedrooms, two
bathrooms and a kitchen?
And I don't understand.
Speaker 2 (39:18):
Yeah.
Speaker 3 (39:18):
Oh my God, that's so funny.
Yeah, so, but we were.
We were convinced that, youknow, it was just going to take
that the right person you knowjust you know we need one buyer
Right, so walk through there.
So we kind of had to and ourreal estate agent really helped
kind of ground us and justrefocus, like hey, it's still
(39:39):
early, guys, you know it's okay,and we were like freaking out.
But she could kind of tell,like you know, don't get
discouraged.
Like you guys have a lot oftraffic coming through.
We still have open house onSunday, like all these things.
So a lot of showings.
Yeah, yeah, we had a lot ofshowing, so the traffic was
definitely there.
It was good.
So it was just kind of like,okay, let's just sit back and
wait for that right person tocome in, so when did you get
(40:02):
your?
Speaker 2 (40:03):
did y'all get multiple offers, or did you get
one offer, or how'd that go?
Speaker 3 (40:07):
So we did.
We got two offers, and so inwhat?
The third?
Speaker 4 (40:13):
day and then, we decided the next day on day four
.
Yeah.
Speaker 3 (40:17):
Yeah Well, yeah, I think it had been four days on
market when we had had the twooffers come in and I don't know,
my real estate agent I don'tknow if she just kind of assumed
that they were full priceoffers, but she's like I'll come
over and we'll go through themand in my mind, immediately,
like what's wrong?
Speaker 4 (40:34):
They're not.
They're not good, they're lowoff.
Why aren't you telling?
Us what they are and she's likeno, just wait.
We're like, why are we waiting?
Speaker 2 (40:42):
We're so human, we're so human.
What's wrong so?
Speaker 3 (40:46):
she came over and she said no, no, they're both
really great offers.
It's just a matter of goingthrough and kind of figuring out
which details and which bestfits what you guys are looking
to do and whatnot.
So they were both full priceoffers, but there was one that
(41:07):
had an escalating cause of up toI think it was 222,000.
And they also had an appraisalgap coverage of $5,000.
So we knew right away that,okay, you know, it wasn't just
because of that.
There was other things too withthe other offer.
But the fact that this, thesebuyers were so invested in it
(41:32):
and you could just tell thatjust by that they were really,
really wanting to get it I mean,we've been there before looking
for houses ourselves, so youknow.
But what really put the icingon the cake?
And I think we decided to gowith them because they even had
an inspection on it with theother one didn't.
And we decided to go with thisone because they were first time
(41:53):
home buyers and there wassomething about that that just
really resonated with us.
And I looked at my real estateagent and I was like it's a no
brainer.
I mean, let's go for theinspection.
I know that we did everythingwe could with this house to make
it right.
I was a little bit worried thatsomething could come up.
Sure, but I feel confident andI just feel really good about
(42:16):
providing this house to the newhome buyers.
So it was such a cool goodfeeling.
Speaker 4 (42:21):
It was a cool feeling yeah.
I was on speakerphone at work.
I was with the Realtor and thenshe's like, what do you pick?
And I picked it, and then shepicked it and it was like a game
show.
Speaker 3 (42:31):
We're like you know cool, and because they have that
escalating whistle for 216.
Speaker 2 (42:39):
Nice.
Did anything come up on theinspection?
Speaker 3 (42:45):
So okay.
So nothing to everythingactually looked really good.
There was one thing they cameback at.
So in this house in thebasement it had the dirt walls
and so there's the we put upvapor barrier on the bottom of
the floor Floor joists.
Well they, I guess, throughkind of their initial inspection
(43:10):
of other things, of how thingskind of looked around in there,
they were worried as new homebuyers and which can understand
that they couldn't see thejoists of an almost 100 year old
house, you know, because theywere all covered up.
So they said they came back andthey wanted us to give them a
$3,000 credit just in case.
Speaker 2 (43:30):
We do, just in case credits.
Speaker 3 (43:32):
I know right, Joys needed to be replaced.
Speaker 4 (43:36):
Just thinking worst case scenario, right so?
So what did they have me do?
Speaker 3 (43:40):
She's like so well, yeah.
So I had the conversation withmy real estate agent and I said
I will take that vapor barrierdown.
You know I had no problem.
Yeah, I said you know let's dothat.
So she said okay, let mepresent it to them and see if
they're willing.
If you take it down which Iwon't be putting it back up, but
(44:02):
if I take it down and show themthat everything is okay, would
they be willing to do that?
Speaker 4 (44:07):
And they agreed and so you rip that hard work down.
Yeah, that was not hard, morehours of hard work.
Speaker 3 (44:16):
Yeah, yeah, but you know what?
I knew that I was doing it forgood reason and so, yeah, they
came back out with theircontractor and expected
everything and as as it you know, it was it, everything was fine
.
And they said, okay, let's,let's move forward.
And they're not asking foranything.
So we're like, how do youpraise God?
(44:37):
And we were able to moveforward, so everybody was happy
closed and got paid the biggestcheck she's ever held.
Speaker 2 (44:43):
So yeah, okay.
So what was the profit?
Speaker 3 (44:47):
drum roll.
So our profit obviously thecheck they handed over was much
larger because you know you'repaying off everything else, but
our profit ended up being justunder 23,000.
Speaker 2 (44:58):
Three and a half months 23 grand doing something
you absolutely love.
Speaker 3 (45:05):
Yep.
Speaker 2 (45:05):
Yes.
Speaker 3 (45:06):
I mean come on.
Speaker 2 (45:08):
I know.
Speaker 3 (45:08):
Congratulations.
It was fun.
Yeah, it was fun andchallenging, but we loved it and
we're ready.
We're ready to do it again.
Speaker 4 (45:20):
Yay, for sure.
Speaker 2 (45:22):
Yeah, I'm so happy for you guys and I just love
your story because, like Imentioned earlier, we sometimes
have to have that push thatdoesn't feel good in the moment.
Getting fired didn't feel good,a blow to the ego, a blow to
the wallet, a blow to your viewof yourself, right, like none of
(45:44):
that feels good.
Yeah, and three weeks later youwere under going under contract
on your first slip.
Speaker 3 (45:53):
Yeah.
Speaker 2 (45:54):
And maybe four-ish months after that, or holding a
fat check.
So jokes on you old employerRight, thank you.
Speaker 3 (46:02):
And the fact that we got to touch so many people.
It's not just about us.
Like you, look at all the peoplethat were involved in this
scenario our real estate agent,our private money lender, the
new home buyers, you know ourcontractors, just all the
vendors.
You know that all got somethingout of this.
(46:26):
Yeah, all good things, you know, yeah, and that was one of my
things that happened that Ididn't realize that the
experience that I was going toenjoy part of my favorite part
of the flip was obviously thetransformation, because, you
know, seeing, being able torestore an old home like that,
(46:46):
and the private money lenderactually walked the property and
his thoughts were he seems tobe torn down.
Speaker 4 (46:56):
The tear down.
I love it.
Cannot salvage this.
I'm telling more about that.
Speaker 2 (47:01):
Yeah, exactly.
Speaker 3 (47:03):
Yeah, so he got me sure that it was going to be
okay.
Speaker 4 (47:07):
So he was blown away.
It was a great feeling.
Speaker 3 (47:09):
The transformation was cool, but my second one that
I wasn't expecting and I don'thear a lot of people talk about
this because maybe it doesn'thappen for everybody but I got a
chance to meet the new homebuyers at closing and that was
such a cool experience.
Just you know, just to talk withhim, but for them to get up and
shake my hand and look me inthe eye and say, thank you, you,
(47:30):
this house is awesome.
It's just what we were lookingfor.
All the special, specialtouches we we noticed, you know,
and that was just such.
It just really was the icing onthe cake on everything.
I just was like wow, I justdoesn't stop.
The layers and layers andlayers of emotion of this
experience was just awesome,yeah.
Speaker 4 (47:50):
I feel like we're.
We're very lucky.
You were lucky with our first,so I hear that a lot.
Speaker 2 (47:57):
And no, you were prepared and you handled things
when they came up and you justkept going.
Really, that's it.
You just kept going.
Speaker 4 (48:04):
Yeah, I mean we, like , would look back at every
single day and say, look, we'vetaken three steps forward and
they're little but they'resignificant.
Because it was like paving theway.
And I journaled every singleday.
I wrote three actions, I wrotemy gratitudes, I wrote my why
from March till today I mean I'mstill doing it every day.
(48:26):
Yeah, that's amazing.
And I work and everyone's likeLindsay, I need this.
I'm like, hold on, I'mjournaling five seconds later
and I'm done, but I have itwritten down.
I love it.
Oh my God, I pull out my handydandy notebook and journal
myself away.
But yeah, I feel like that wasjust constantly.
Speaker 2 (48:47):
Oh.
Speaker 4 (48:48):
I love it, man, that mindset piece, man, that that
module, when everyone thinkslike I got this, that is so key.
You need, you need that module.
You need to learn it andrevisit it and do it every day,
especially if there's apartnership going on here.
One person needs you whenthey're at the 2%, you need to
(49:10):
be the 98.
You need to lift them up andkeep them under control.
Everyone moving forward, yeah.
Speaker 2 (49:16):
I love that.
Well, you notice, I sneak it inin module two.
It really should be module one.
But if people come in and seethat, straight away they're like
oh no, no, no, no, no, what isthis?
Weird sorcery stuff?
Yeah.
And so instead I just sneak itin in the second week.
I'm like okay, hey girl, let'sdo this.
Speaker 3 (49:35):
Yeah, I definitely get it, it definitely get it now
Per 100% Yep For sure.
Speaker 2 (49:41):
Oh my gosh y'all.
I have loved this conversation.
I'm being mindful of the timebecause I'm sure you have
somewhere else to be.
We cover everything you wantedto cover.
Was there anything that I leftout or anything you wanted to
add that you haven't said yet?
I like to make sure everybodyfeels comfortable.
Speaker 3 (50:02):
I think for me is, you know, through this whole
experience, that you know justto kind of you know, speak out
to whoever might be listening isthat if God places some thing
on your heart that you'repassionate about, is to you know
, really kind of hone in on thatand find out what is what
brings you peace and joy.
(50:22):
You know Because, like you said, you know me losing my job was
something that I would not haveplanned, but God has a way of
kind of pushing us in and theuniverse of pushing us in the
direction that we really need togo.
So, you know, I paid attentionto that, I focused on that.
Oh, sorry about that.
Boy's bus is coming.
(50:42):
Honestly, this was.
This is the book.
Speaker 4 (50:47):
Is this time for me?
Yeah.
Speaker 3 (50:49):
When I because we listened to your podcast back in
COVID, I think COVID, and Itold her about it I was like you
got there's.
This is awesome.
There's women sharing theirstory get inspired, you know
that kind of thing and it was so.
It was so fun to just listen topeople's stories.
But as we're sitting therelistening, you don't never think
(51:11):
you're going to be in thisposition.
So when we were signing up foryour program, I told, was it Amy
?
I don't remember.
But I said you know, just mekind of being like you know, I
don't know.
I was like I'm going to be onthat podcast.
Speaker 2 (51:25):
She did say that.
Speaker 3 (51:26):
I love it you know, I was just kind of like wow, I'm
going to be a littleoverconfident here, but that was
.
You know, I felt that I waslike I want to, I want to do
what they're doing.
I know there's a real, there'sa real people doing real things,
and so that was it was a goal,and the fact that we're sitting
here right now just completing apodcast with you is amazing.
Speaker 2 (51:49):
It's amazing.
It's so cool.
It's so freaking cool.
I love it.
It gives me chills, it reallydoes.
Speaker 3 (51:57):
Well, thank you, I really appreciate it Absolutely.
Speaker 2 (52:01):
You're welcome.
Thank you for sharing yourstory.
Thank you for letting us bepart of your journey.
Thanks for trusting us to bepart of your journey.
Like it's a, it's a real honorand it's a real gift that we get
to be part of your journey.
So thanks you guys.
Speaker 3 (52:16):
Thank you so much.
Speaker 4 (52:16):
We are so, so blessed .
I'm so thankful.
Thank you.
Speaker 2 (52:20):
I'll let y'all go.
The boys bus is coming, I hearit actually you have someone
lined up to get in, okay, good.
Speaker 4 (52:28):
Go play with your kids.
Speaker 3 (52:29):
Thanks, you guys.
Thanks, debbie See y'all in thegroup All right, bye.
Speaker 2 (52:35):
So great.
I love that conversation.
Thanks again for sharing yourstory with us, tammy and Lindsay
, because I know it will inspireothers to go do the thing.
Go chase this dream they have.
If you have been wanting to dothis, if you've been wanting to
flip houses, if you've beensitting on the sideline, if
you've been waiting for theright time, now's the right time
(52:57):
and we can help you get there.
This is what we do.
We help women start and growtheir house flipping business.
Whether you want to buy,renovate and sell houses, or buy
, renovate and hold houses asrentals or both, that's what we
do.
Go to herfirstflipcom to learnhow to transform houses and your
(53:17):
life.
All right, until next time.
Go out there, flip houses likea girl, leave people in places
better than you find them andmake it a great day.
Bye, y'all.
You're listening to the Flip Houses Like a Girl
podcast, where we educate,empower and celebrate everyday
women who are facing their fears, juggling family and business,
embracing their awesomeness andwholeheartedly chasing their
dream of flipping houses.
Each episode, delivers honestto goodness tools, tips and
(00:21):
strategies you can implementtoday to get closer to your
first or next successful houseflip.
Here's your spiky-hairedbreakfast taco-loving host house
flipping coach Debbie DeViery.
Speaker 2 (00:40):
Hey there, thanks for hanging out with us today.
In this episode I'm introducingyou to Tammy and Lindsay, who
are a couple of our flip sistersin our coaching program in
Pennsylvania.
They completed their first flipand actually, since recording
this episode, they've completedand sold their second flip as
well.
So big congrats to them on that.
(01:02):
In this episode, we're going tobe covering their first flip,
how they found it, how theyfinanced it, how they handled
the challenges that came up, andwe'll also talk about how,
shortly after joining ourprogram, tammy actually lost her
job and that became a prettystrong catalyst for getting
(01:25):
their first flip under contract.
I think it was within maybe aweek that they went under
contract on their first flip.
After that happened, and how, inthe moment, something stressful
happening like losing a job,losing that steady income,
actually becomes a blessing andallows us to move forward toward
(01:47):
something we really really want, which in her case, it was
having this business flippinghouses, which led to a $23,000
profit in three and a halfmonths on their first flip, and
on their second flip theyactually made $22,000 in two
weeks Amazing.
We're going to get into all ofthat in so much more.
(02:10):
You're going to love them.
Let's meet Tammy and Lindsay.
So do you want to start out byintroducing yourselves we get an
awesome two for one today andjust letting us know who you are
and where you are and whatyou're up to in the world aside
from flipping houses.
Speaker 3 (02:30):
Yeah, sure, so I'll go first.
My name is Tammy.
I live in Harrisburg,pennsylvania, with my wife,
lindsay, who's joined me heretoday, and with our three young
boys, 10 years old and sevenyear old twins actually almost
eight, but seven year old twins.
So I actually used to be a Pand health teacher for about
(02:55):
seven years prior to my twinsbeing born and then, when they
were born, I decided we kind ofhad a conversation about it and
decided to take a step away fromteaching and take on probably
one of the most rewarding butdifficult jobs in the world and
that's being a stay at home mom.
So we start.
I started that not long afterthe twins were born and then we
(03:19):
moved from Florida toPennsylvania in 2017.
And it was around that time thatI guess the dreamer in me kind
of started to develop a littlebit, because my mind was
thinking like, well, I'm gonnastay at home mom, but what can I
do to kind of help support myfamily?
So at that time it was we owneda camper and I decided I was
(03:45):
going to start renting it.
So a little side hustle jobthat turned into actually over
the next few years are very goodsuccessful business.
I mean it was.
I ended up managing otherpeople's RVs and I had about an
inventory of about 20 units nice, which was great but I realized
it was just unsustainable forme to be a stay at home mom and
(04:07):
to run this type of business.
So it was 2020 that I ended upselling off that business, and
then this past summer was whenwell, no, so then I still bought
that business and then Istepped into a corporate
position as a franchise supportmanager in the RV rental
business and did that for abouttwo years before I unexpectedly,
(04:31):
this past summer, was let go ofmy job.
Well, did not see that coming atall, but I think the worst part
of it, the hardest part of it,was I couldn't even collect
unemployment, so so we were alittle little shook up, but but
anyway, since then, real estateinvesting has become my main
focus, my job basically.
(04:52):
But during our first flip,there was something that sparked
a little inspiration in me thatI realized that, doing the
hands on stuff that I love doing, I could actually use that
skill and serve others.
And so I started a little smallbusiness where you know I'm
offering like house cleaning andpainting and like little little
(05:13):
honeydew list stuff.
So I kind of I'm on the groundfloor of that, but so we'll see
where that takes me.
So that's kind of what I'vebeen doing, and I'll let Lindsay
introduce herself about whatshe does.
Speaker 4 (05:25):
Well, I do not have quite a story.
Speaker 2 (05:28):
Oh, the boring one.
Okay, here we go.
The boring one, yeah.
Speaker 4 (05:31):
I have been, she's not.
Yeah, I have been a nurse foralmost the last 20 years and I
absolutely love it.
It's wonderful, it's my passionand I'm a nurse supervisor now.
So a lot of the skills thatI've learned as supervising
people, I'm being a team manager, I'm really, you know, helping
Tammy out when she's goingthrough contract or
(05:52):
conversations and managing thepeople in those ways, and I'm
like you know.
This reminds me of one of myemployees and this is what I
would do and just I'm being likeher sounding board when it
comes to that kind of thing.
But I didn't have a big careerchanges that she had.
Speaker 1 (06:08):
Think of her.
Speaker 4 (06:09):
I do all her entrepreneurial things and I'm
just here supporting.
That's awesome.
Speaker 2 (06:14):
So you recently closed on your first slip, which
was literally so freaking cute.
That house is so cute, it's socute I want to squish it.
It's just it's really cute andyou did an awesome job.
So I want to hear all about it.
(06:36):
I want to hear how long.
Okay, so this is interesting,right?
Isn't it interesting inhindsight?
Like, yeah, it sucked that youlost your job.
That felt pretty bad, Like 10.
Speaker 3 (06:50):
Mm-hmm, super punch for real, yeah.
Speaker 2 (06:55):
And didn't it kind of need to happen?
Speaker 3 (06:59):
Yeah, 100% yeah 100% you could have said it better
because I was in a position withmy job where so many changes
had taken place over the courseof I don't know a few months,
maybe six months, that it hadbecome unenjoyable.
It was stressful.
It never turned off, but for meit was a job and I was
(07:23):
committed to working my jobbecause I was supporting my
family.
In hindsight, here I was, youknow, getting into real estate,
investing because it started aslike a side hustle.
You know we were going to bedoing this on the side of both
of our full-time jobs.
Like most people, do you knowit's not something you typically
start when you don't have a jobRight, you just don't do that.
(07:44):
So you know, getting into this,yeah, it was 100% God's way of
totally, just, you know, pushingme into the next chapter of my
life, whatever that was.
I still don't, you know, I'mstill kind of figuring that out,
but I'm trusting the processand I'm very open-minded to
(08:05):
knowing that there's a plan forme and that everything's going
to be okay and I'm just going toapply when I'm learning the
people that I'm meeting and allof it, and just kind of seeing
what happens.
You know, I'm not living infear.
I just want to walk in faithand just trust the process.
Yeah that's awesome.
That's what we're doing, yeah,yeah.
Speaker 2 (08:24):
It's those things.
They're usually the thing thatwas most necessary to get us
where we're supposed to be next,because we weren't doing it on
our own, and so it's likeuniversal or God, whatever
anybody calls it.
Right, okay, so you didn't.
So here you go, I'm just goingto flick you off the edge and
(08:46):
you're going to be okay, butyou're going to kind of feel a
little bit out of sorts for awhile.
Speaker 3 (08:51):
Yeah, yeah, it was the day that I lost my job.
I picked up the phone and Icalled my wholesaler that I had
been working with and I said, Isaid listen, I said I just lost
my job.
Today I'm super motivated.
I got to find a house, you know.
So I was like, just keep me onmy on your radar, just think of
me when you're out there.
And he's like, okay, I got you.
(09:11):
You know, it was like, you know, he was kind of looking out for
me and I felt that we haddeveloped a good relationship
and so, you know, I just wantedhim to know the position that I
was in.
And so from there, we, you know, we walked a couple more
properties and put in someoffers, but nothing yet.
And I think it was like threeweeks to the day that we losing
my job that he called me up andhe was like hey, you know, that
(09:33):
house that you looked at I thinkit was about a month and a half
ago it was priced at 135,135,000.
I think our offer that we hadput it on it was around 95,000.
Of course it was too high.
It was not something they werewilling to go with.
He, and actually it was acouple of weeks later, they had
come down to 115.
Obviously was still too high,right, but anyway, he was
(09:56):
calling me to let me know thatthe it was an estate sale or
whatever and it was the attorneythat was trying to get rid of
the property.
I guess the family was having alot of issues and he and she
was like hey, listen, I need toget this household, so we're
going to drop it down to ahundred thousand.
And so he called me and he'slike Listen, I want to give you
the first opportunity topurchase this property.
(10:17):
You know.
He's like I know you're in aposition, you are.
And I said Okay, I said I tellwhat Lindsay know.
And I said let's go walk theproperty again, let me get my
eyes on it again.
And during walking thatproperty I'm thinking in the
back of my head Okay, now that Ihave extra time and I love
having my hands on projects thatfactored into knowing that I
(10:40):
could put a little bit of sweatequity into this and I could
make these numbers numbers work.
So we said, okay, let's put inan offer of a hundred thousand,
and we did and the number wasaccepted.
So we were super excited and Ithink we closed.
We would have closed in acouple of weeks, but we we had a
big like week long vacationcoming up that it would have put
(11:01):
it right in that time and wewere like you know, can we close
in three weeks?
And they said, yeah, that's noproblem.
So we ended up closing in theend of August, august 21st,
august 21st, yeah.
Speaker 2 (11:12):
So Okay so a hundred.
Speaker 4 (11:16):
K.
Speaker 2 (11:17):
And what were you thinking?
Speaker 3 (11:21):
the repairs would be so at the time because my my
contractor had walked theproperty with me to give me a
rehab estimate.
I think we were sittingthinking around 58,000, maybe
maybe 58 to 60,000.
And then it was more of.
I was telling my contractor,hey, these are my numbers, and
(11:41):
like we have to make this workin this amount of you know this
estimate, he's like, okay, okay,yes, that's, we'll make those
numbers work.
We got this so.
So when we got under contract,we got an inspector in there
right away to have an inspectiondone on the property and when
he completed the inspection hecalled me up afterwards and he
said so he was kind of goingthrough the list of things and
(12:03):
he said, so you're planning onreplacing the roof on this house
, right?
And I was like, um, no, that wasactually one of the out of
everything we were doing to thishouse like completely doing
everything, the one thing wekind of were passing on because
we thought it, I mean in mycontractor said, no, it looks
okay, you know, it just needs tobe cleaned up so, and he said
no, that that roof needs to bereplaced.
So I said, okay, let me go mycontractor.
(12:26):
So I called my contractor and Isaid you know we got to replace
the roof and how much is thatgoing to cost us?
And he said, oh, you're, you'relooking at about $8,000.
And I said, hmm, that's notgoing to work.
Speaker 4 (12:36):
I said we got to figure something else out.
Speaker 3 (12:38):
So I we live in a community with a lot of Amish
that do phenomenal work and forgood prices to do, and I said
you know, I'm going to replacethe roof.
I called a community with a lotof Amish that do phenomenal
work and for good prices too.
So I said let me call around.
I called a couple people thatI'd found in a Facebook group
(12:59):
and then her father is works fora building yeah, custom home
builder.
So he was like you know what,lindsay?
Speaker 4 (13:08):
there was a guy who called me today and he said are
you looking for?
We have these services, we doroofs, could you use us?
And he's like no, we have a guywe use all the time.
He passed along his number.
Speaker 3 (13:20):
I said, tammy, this guy sounds great and I'm not
because it you know, what I wasfinding with the other roofers
that we were getting in contactwith is, even if they could,
there was something thatcouldn't even come out and put
an estimate on the house forlike a month.
Yeah, just an estimate.
And I'm like, oh, my gosh, I waslike this is not going to work.
So he was like, oh, I can beout tomorrow to give you an
estimate.
So he did and it was what?
(13:41):
Like $5,400.
I'm like, okay, that's better,this is something we can work.
Yeah, that was much better.
So yeah.
And then he's like, oh, and Ican, I can start in a couple of
days.
And I was like, so he ended upbeing a wonderful.
Some of the contractors that Ihad had at the house while they
were putting on the roof they'relike, yeah, he's, he's doing it
(14:04):
right.
So, cause hell, we were kind ofworried, just kind of going
with the lowest price andwhatnot.
So but yeah, so he ended upworking out well.
So that obviously pushed ourrehab up a little bit higher
than than we were anticipating,and I would say so with the roof
we ended up only going overmaybe a couple of thousand more
(14:24):
of that initial, because we wereright around like 67,000 total
with the roof and and everything.
Speaker 2 (14:30):
So there any any other surprise repairs that came
up?
Speaker 3 (14:35):
I'm surprised repairs , I don't think so no it wasn't.
No, we I mean, we kind of knewwhat we were getting into with
the HVAC, but because we put itin a whole new system Originally
, we thought, cause it had amini split system and again, the
things you learn as you gothrough this we thought that was
going to be suffice.
And my electrician, or theplumbing electrician guy, was
(14:56):
like you know?
No, this is.
You know, we got to put in awhole new system.
So that was initially what wetalked about in the beginning,
but it wasn't any surprises.
Everything seemed to go prettygood as far as everything else
we the roof was the main thingwe just weren't anticipating
yeah.
Speaker 2 (15:11):
And then Okay, so three weeks to close, all right.
Oh, how did you finance it?
Speaker 4 (15:17):
So Tammy is like a great relationship builder and
did all this due diligence andfinding HMLs and had it all
lined up.
And then we said, you know what?
We have a family member whotheir situation isn't just sold
a business, they're looking toinvest.
Let's see if they're availableto be a PML.
So we put together a nicelittle PowerPoint and said guys
(15:40):
want to fund the purchase price.
And then we went a little bitfurther and said the second
option is would you like to fundthe purchase price plus half of
the rehab, and then we'll fundthe other hand.
And they said okay, and we wentwith them.
Speaker 3 (15:54):
Yeah.
Speaker 4 (15:54):
It worked out for everyone, yeah.
Speaker 3 (15:56):
Yeah, it was just a matter of you know, just asking
you know, because you just neverknow, you don't and what I'm
finding out is a lot of peopledon't know that they can invest
like this.
You know, and now that you know, I'm learning more about it
there's a lot of people, a lotof people, that do this type of
investing and private moneylending yeah.
Speaker 2 (16:17):
Yeah.
Speaker 3 (16:17):
Absolutely, obviously , we didn't know anything about
either.
So they're out there andthey're willing to loan money,
which obviously they're gettinga great return, absolutely 100%.
Speaker 2 (16:29):
So my first that was one of my first lessons was
don't judge somebody like likethe amount of money they might
have.
My first private money lenderwas a preschool teacher.
Had been a preschool teacherfor 25 years.
Never in a million years did Iever think that she had this
(16:50):
statue.
No, she did.
She had a statue and she's likeoh, yeah.
And I was just like what are youeven talking about, man?
Who are you?
Yeah, but yeah, you never know.
And of course, when I was brandnew I didn't know either.
I wasn't thinking about it asan investor, but it's my
(17:12):
favorite vehicle.
Being a private money lender tosomebody is awesome.
I love that.
And on the flip side, likeasking, like don't be scared to
ask because a lot of people justdon't even know, they don't
know how they can be protected.
You know so, people just don'tknow.
So, yeah, yeah.
So you got all your fundingwell, some of your funding, the
(17:35):
purchase price and then half ofthe repairs from private money
lender a family member and thenyou funded the rest.
Okay, from purchase to sale.
What was the timeline?
Speaker 3 (17:48):
From purchase, basically clothes to close.
Yeah, was three and a halfmonths.
Yeah, Very nice, three and ahalf months from clothes to
close.
So, yeah, I think it could have, looking back and the little
bumps that we went along the way, it could have been a little
(18:09):
bit quicker.
I mean, we had initiallyplanned on having it done about
two weeks.
Sooner or later it ended up andit really could have been.
It.
Just, you know the things thatcome along and the contractor's
not showing up and you knowthose kind of things that you
have to investigate and fix.
But now I think I've learned,moving forward, because I've
talked to so many people doingthe same thing, just locally,
(18:32):
and it's a common thing andwe're not alone with having that
experience.
So, because I honestly thoughtit was like the cloud was over
us, you know, and happening tous, but yeah, it really it
couldn't happen.
And so it's just what I learnedfrom it is, you know, being
stern and being organized andhaving that conversation to find
(18:53):
out what's going on, so thatyou're talking through it.
You know, communicationbasically is the key and with my
head contractor we havedeveloped a good relationship to
where, even if we do comeacross some hurdles and some
bumps.
I can talk to them.
We can talk through things andcommunicate and work things
through.
So that's been really helpfulfor me.
Speaker 2 (19:15):
Yeah, it doesn't have to be a confrontation, it can
just be a conversation, right,right?
Speaker 3 (19:20):
It can just be a conversation, yeah.
Speaker 2 (19:23):
Right, the tone is everything, yeah.
Speaker 3 (19:26):
I don't like confrontation.
You know, I don't like to haveto get mad at someone or to kind
of point out the flaws orsomething like that.
But I'm willing to be like hey,you know, you don't have to
handle it that way, Come to menext time.
Or you know, like, rather thantrying to sneak around or do it
your way or whatever, let's justtalk about it.
(19:47):
We'll figure it out together.
You know, because the way I waslooking at it I was like you're
playing with my emotions rightnow.
You know I'm needing to takethis seriously.
So you know you're not the onlyone involved, you know.
So.
Speaker 2 (20:01):
But I think the thing is to consider is that most
contractors, if somethinghappens, the person that hired
them, the person they're workingfor, it's not a conversation.
It becomes a big thing thatprevents them from wanting to
(20:22):
just have a conversation aboutit.
They don't want to talk aboutit, so they're going to hide it,
or they're going to not show upfor a little bit and kind of
hope it goes away, or they'regoing to.
Maybe something comes up andthey really need to go finish
this one other thing over here.
Like they just need to gofinish this one thing.
They'll be back and instead ofjust communicating that, because
the person you know, theyassume the person's going to get
(20:43):
super mad, yeah, they do it,and so you're left in the.
Where are they and are theyever going to come back?
All because everyone's scaredof communicating.
Right.
Speaker 3 (20:53):
Over promising, under delivering.
You know the kind of thing.
You just talk to me.
Let's like just be real with me.
You know, and that's which youknow, I still have a great
relationship with all thecontractors I work with and you
know I think that we all learnedfrom it.
We all did.
Speaker 2 (21:10):
For sure.
So it was a great experience.
Yeah, it's, I think, one of thethings that anytime I work with
a new contractor or vendor orsomething, one of the things
that they'll say to me is I'venever been able to make a
mistake.
If I make a mistake, you knowit's like a shaming experience
(21:34):
versus I screwed up, I'm goingto fix it.
You know, this is how I'm goingto fix it, but I'm just owning
up to I screwed up because it'slike nope, everybody has to be
perfect.
We can't make mistakes when inreality, we're making mistakes
all the freaking time, likewe're just like recovering from
the stakes all the time, whichis the that's the point but
we're also so scared to screw upLike it's like this weird world
(21:57):
we live in.
Speaker 4 (21:57):
Yeah.
Speaker 2 (22:00):
So what kind of things did you do?
You said you did some of thework that you like to be hands
on.
What kind of things did you do?
Speaker 3 (22:08):
Yeah.
So let's say, some of thethings that I ended up doing
were I did the painting.
So the house was parceled as athree bedroom, but the third
bedroom upstairs you'd have towalk through the master or the
primary bedroom to get to it.
(22:29):
So it's like either make it inwhich smaller to create a
hallway, and then it would havebeen a super tiny bedroom.
So I was like well, this isn'ta work, so it was actually her
idea, that's his idea.
That was like why don't we turnthis into a primary?
Let's see like a bath, likeit's a great idea, so anyway.
So what?
We didn't have any.
Obviously we didn't.
(22:50):
I didn't do the hands on thenap, but what I was getting at
was we had to run the plumbingactually down, and so we had to
create like a little box and theplumbing that ran down to the
kitchen and there was thislittle awkward kind of corner
that I was like, well, we can'tdo it this space.
And so I came up with the ideaof doing like a little built-in
drop zone.
So I built a little bench andput a little coat right in it.
(23:12):
It just really fit the space soperfectly and it almost looked
like it was meant to be there.
Speaker 4 (23:18):
Yeah, it was gorgeous .
Speaker 3 (23:19):
So it was fun, but I did a lot of the exterior stuff,
like the landscaping.
I pressure washed the towels, Idid.
What else did I do?
Oh no, I didn't do the driveway, but I made a lot of that.
But oh the, I don't know if younoticed the cedar post on the
(23:41):
outside.
Oh yeah, so yeah, my dadactually flew up from Georgia
for about a week to help withlittle odd jobs and so we did
that and we built the shutters,we built the shutters.
Speaker 2 (23:51):
Oh yeah, that's right , the shutters project.
Yes, I remember that.
Speaker 3 (23:54):
Yeah, the shutters project and then just little
knick-knacky stuff like thelittle number plate that's on
the front.
I made that from scrap Littlethings like that and back splash
Like the doing the back splash.
So it's stuff that I wasn't everprepared to do.
When we started this, I wasn'tplanning on handling all that.
Now do I enjoy doing that stuff?
(24:15):
But I was.
We were looking at having someother people do this and having
maybe a little bit of hands on,but we knew that the time wasn't
going to allow for that ofhaving two full-time jobs.
So now that I was available,right, I just was all about
jumping in and I loved it everyday I loved it, I really did, I
really did.
Speaker 2 (24:35):
Well, the touches that you did, took it from house
to home, like that's what madeit charming was the number plate
and the bench, and like all ofthat is what made it charming.
Yeah, yeah, ok.
So wait, was it a?
So was it a 3-1?
And you made it into a 2-2?
Speaker 3 (24:54):
2-2.
Yeah, it was part of.
It was a 3-1, which I was likehow Like there was no closet in
the third bedroom, so it was itwas very strange, it was just a
weird layout.
Speaker 2 (25:05):
It was a bedroom wink .
Did y'all go into it thinkingyou were going to make it a 2-2?
Was that the plan from thestart?
Yes, yes, ok, gotcha OK, cool.
Speaker 3 (25:14):
Well, when we initially saw it, when we were
walking it, no, but when wedecided to put the offering on
it and we were coming up withthe rehab yes, that's when we
were for sure.
Speaker 2 (25:23):
Ok, it seems like it was pretty straightforward, Like
you don't have any, you didn'thave any issues and problems,
and well we had.
Speaker 3 (25:33):
well, we didn't have any problems or issues with what
the rehab entailed we did.
I did have a little bit of abumps along the way with some
contractors.
So so to kind of back up alittle bit on how I handled that
situation, we went into thiswith a general contractor, an
actual general contractor thatwe had used on our own
(25:53):
renovation of our house what twoyears prior and you know a
really good experience with that.
Again, it's a bumps, but we wereable to communicate through it.
So I felt like we hadestablished a relationship that
was trusting and that I wouldwork with you again.
So he initially came on as ageneral contractor and because
of the whole roof situation, hecame to me prior to getting
(26:16):
started and he said hey, he saidyou know how would you feel
about if you work directly withthe plumber or electrician
contractor to save you a littlebit of money there?
I feel like if you wanted todeal with him directly, that
would help you out, because heknew that you know, our budget
had shifted a little bit becauseof the roof and everything.
So I said, yeah, that's not aproblem at all.
You know, I don't mind workingdirectly with him.
(26:38):
So I got together with thatcontractor and got everything
set up and of course he wantedto kind of you know, help out
with the situation as well.
And he said you know, I have aguy that's a drill waller that
could, you know, come in and doit for about half of what you're
being quoted and kind of helpyou out.
So of course I was like, ok,that sounds great and everything
(27:00):
sounded good.
He's like you know, I got a guyand he could be here tomorrow,
and the other guy was like youknow, we didn't know when they
could come in and it was alittle bit more costly.
So I was like OK, so I kind oflet him take the lead on that.
And, long story short, it kindof became a little bit of a
nightmare.
So he said the contractor,drywaller, wasn't showing up
(27:23):
when initially we started and Iwas like what's going on, you
know?
And he said well, he said he'dbe here.
I'm not quite sure.
So that kind of went on for alittle bit and then he finally
did show up and he did abouthalf of what he was supposed to
do, which was great, he did agood job and, you know, was
doing well.
But then it wasn't showing upagain.
(27:43):
So on that, of course I wasgoing to my conch, my stuff that
I was working with, because ofcourse at this time I couldn't
go back to my general contractorbecause he's, you know, he's
not in it with this part andhe's like I don't know.
He's telling me he's going tobe here.
You know that that kind of game.
So I just kind of wrote it outfor a little bit.
So we're finally as like, I gotto do some investigating.
(28:05):
So I found a way to reach outto the contractor myself to say
for myself to be like what'sgoing on?
You're halfway through the job,why you're telling my guy
you're coming, but then youdon't show up, well to find out
he hadn't received a penny onanything.
And so you know how it is.
Yeah, I'm not going to get backup if I'm not getting paid.
(28:28):
So you know, again, I don'tlike confrontation, so I didn't
get into going back to mycontractor and saying hey,
what's going on here?
I simply just said hey, youknow what, come to me tomorrow,
show up, I'll pay you, you know,to deal with me.
So then I kind of had himstarting to work under me and we
all just went about our thingand things got moving again.
Speaker 4 (28:49):
Mm, hmm.
Speaker 3 (28:50):
So things were good, you know, and I just kind of let
things ride out, you know, likeagain I didn't, I didn't create
confrontation and stuff, butand everything kept moving and
we got delayed because of thedrywall or everything else was
delayed.
Speaker 4 (29:04):
As you know that.
Speaker 3 (29:05):
Just everything down as a matter of fact, debbie, I
don't know if you remember thiswe were having our countertops
measured, oh my gosh, and we didnot have in our kitchen, and we
did not have insulation orwalls up the night before they
would come out.
Speaker 4 (29:23):
Oh God.
Speaker 3 (29:24):
And I was like and so he's like he can't promise me
he's going to, I'm going to getit done.
I'm like you know, walls upright now the kitchen cabinets
aren't even in, so it wasliterally the next day.
They were at the last minutegetting everything.
I don't know how they pulled itoff.
There was three of them puttingit together 7 AM.
Yeah, they were there early.
(29:46):
The guy did show up to measurethe countertops and he said
actually our sink had to be in.
It was a farmhouse sink, whichthe contractor, I guess, didn't
realize that.
So he said that's how you what?
I have other jobs I can go do.
I'll come back and I'll sink,thank you God.
So yeah, that's kind of how wewere and I don't like pressure
(30:09):
like that to where we're waitingto last minute.
I mean fascinating a little bit, but that's just too much
extreme, that's extreme.
So I don't know.
I mean he was my contractor,had to have been just stressing
himself out doing that.
But yeah, that's the kind oflittle stuff that we were
dealing with which in the end Ilook back and I'm like OK that
(30:30):
was fun.
Speaker 2 (30:31):
Yeah, let's do that again.
Speaker 4 (30:34):
Yeah, and her roller coaster.
Yes, yes, Sure, you were alittle stressed out there.
Speaker 3 (30:39):
Oh yeah, I had some tears in the beginning, for sure
, because that first week whenwe closed we closed on a Monday
yeah, that first week I was theonly one showing up For a whole
week.
For a whole week and mycontractor was like, don't worry
, Everything's getting materialordered, we're measuring for
stuff, Like he reassured me that.
Well then, Right, I'm like what.
(31:02):
I'm the only one showing upLike.
This is not how it's supposedto be.
Speaker 4 (31:07):
I wasn't here.
I know she was like demoing byherself trying to record herself
and the camera was falling offthe ladder and she's like watch
this video.
I took it for the boy and I'mlike this is a terrible video.
Speaker 3 (31:21):
I've got just the ceiling, I'm like so fun, yeah,
but I came home at night and Idefinitely had some tears, but I
had the support of Lindsay andthe support of the group.
Speaker 2 (31:35):
Yeah.
Speaker 3 (31:36):
Helping us reset our mind that we can do this.
We're here for a reason.
This didn't happen just bychance.
So we're here and yeah.
So we just kind of refocusedand made it happen.
But yeah, that's what made thechallenges are what make it fun.
Speaker 2 (31:53):
Honestly, if there were problems to solve along the
way, what is it Like, honestly?
Would it be rewarding?
I don't know, I really don'tknow.
Speaker 3 (32:03):
Yeah, I think it's part of it.
Speaker 2 (32:05):
I think it's part of it.
Yeah, I agree If we could pickand choose what our hearts were,
though Like maybe some mediumhearts, not some super-duper
hearts.
Speaker 3 (32:14):
Yeah, or just have that magical ball to know that
it's going to work out.
Speaker 2 (32:21):
No, matter what, I can't give you all the
challenges you got.
I know it's going to work out.
I'll be fine.
I'll be fine.
What would y'all say?
Your roles were in the business.
Speaker 3 (32:33):
OK, so for me I did a lot of the late work kind of in
the beginning too, because Iworked from home when I did have
my job, but I was waking upextra early to be able to put it
in my work hours so that Icould open up my afternoon to be
able to walk property.
So I basically put in my hoursearly so if an opportunity came
(32:55):
to walk the property and puttingin the offer, so I was doing a
lot of the.
I don't even know that we jokeabout this, that she hasn't even
seen our real estate agentsince we first met her months
ago, Because I'm the one thatmeets with her, walks the
properties and then we talkabout putting in the offers
together and stuff like that.
(33:16):
But so I kind of took that roleon in doing a lot of the late
work of that part, and you, Iget to do my favorite thing I
get to do what I get to findbargains and go shopping.
Speaker 4 (33:28):
Yeah, it is so exciting.
Speaker 3 (33:32):
She'll say you have this much money.
Speaker 4 (33:34):
Try to find better and I will find better.
Speaker 2 (33:37):
I love it.
I love it, yes On everything,yeah.
Speaker 3 (33:41):
Yeah, don't get me wrong, I love to shop.
I love to shop, but I tend tobe a little bit well.
Yeah, she goes after it, sheputs it together and then we
like to collaborate on thisstuff together.
But it's nice that she canpresent me with stuff rather
than me having to go out andfind it and find the deals she
(34:01):
loves to do that and I justdon't Like I'm a painful price
for something just because Idon't want to have to like sip
or something.
Speaker 2 (34:09):
Yeah, yeah, no, I totally get that yeah.
Speaker 3 (34:13):
She loves the bargain , she loves the sale, so go for
it.
Speaker 4 (34:16):
Find it and we're like really lucky because we
agree on a lot of things.
So I can say I found this stuffI know you're going to love.
You have A, b or C, which onedo you like and tip it's.
Usually we agree on that.
Speaker 3 (34:29):
Yeah, for the bus ride.
Yeah, we agree on stuff.
We might have to talk eachother through why one is better
than the other, but it's not.
Speaker 4 (34:37):
Would you say we're like the yin and yang?
Yeah, yin and yang.
We definitely complement eachother with that kind of thing.
What did you label me as?
You're the chip to my Joanna,the gains, yeah.
Speaker 2 (34:48):
Love it, so you're the design.
Speaker 4 (34:50):
I am, but she sees the whole picture.
She'll look at the kitchen andsay I want the refrigerator here
and I want the layout like this.
And then I'm like but I wantthe warm wood tones and I'm
going to bring in a really coolfan yeah.
Really cool light, yeah, all ofthat.
Speaker 3 (35:06):
Yeah, I'm more of like the layout, the layout of
how things are going to feel.
She's the designer of what'sgoing to go where and that kind
of thing.
But what really broughteverything together was our
stagier, our staging on thishouse.
Speaker 2 (35:21):
You can't, you cannot skimp on the stagier.
Don't like people who are like,oh it's fine, you don't need
staging, you know it'll sell.
I'm sure it will.
But I promise you it will lookbetter and you will get more
money if you stage it with astagier that does a good job.
Yeah, yeah.
Speaker 3 (35:39):
That house was amazing, yeah, and it needed it
too, because this house was avery exciting Right.
What was the square footage?
I don't know, maybe just at1,000.
Yeah, just 1,000.
But the first floor had areally awkward kind of first
room and the kitchen and livingand but it was also so I was
(36:03):
like a stagier is going to haveto bring this together and I kid
you not, I came over after shecompleted it and I think it's in
the pictures first.
Speaker 4 (36:12):
I can't remember, I didn't even believe the pictures
.
I says how.
Speaker 3 (36:16):
I walked in and my jaw just dropped because I was
like, wow, it just made it ahome and I just couldn't believe
it yeah, it was totally givesme chills.
Speaker 2 (36:28):
I know that feeling, I know that exact feeling when
you walk in and you're just likein tears because you're like,
oh my God, yes, this is exactlythe vision.
Yeah.
Speaker 3 (36:36):
I told my stagier I'm like you literally brought me
to tears.
She did a phenomenal job and itwas you know little things, it
wasn't a ton of staging, it wasjust the right amount and it
just made everything cometogether and I just like, oh my
God, we made this work.
Yeah, Believe it.
It was so rewarding, it wasgreat.
Speaker 2 (36:53):
So three and a half months, bought it for a hundred
K, put about 67 into it.
What did y'all list it for?
And was that the same ARV youwent in thinking it would be?
Speaker 3 (37:10):
Yeah.
So we ended up listening it for215.
But it did kind of change alittle bit early on because we
were playing with, you know, thelittle things that we were
adding in the beginning, beforewe actually purchased the house,
you know, when we weren't goingto put the H back in because it
had a mini split, and then itwas like no, if you want to
(37:30):
compete with you, you knowyou've got to do this.
So then by adding that, eventhough increased our reno amount
, it also increased the ARV.
Speaker 1 (37:39):
So then you know.
Speaker 3 (37:40):
so then we changed it then, and then, of course, the
bathroom.
That changed it a little bit,but by the time we were ready to
sell we were, you know, at thebeginning of our renovation it
was 215.
And then because, like I said,that house closed the day we
closed on our, our house for 215.
Speaker 4 (37:59):
I was like, okay, because at first we're kind of a
little worried about, like youknow, is it going to be?
Speaker 3 (38:04):
because the market was shifting a little bit.
But then that happened and Iwas like, okay, I feel pretty
darn confident with 215.
So, yeah, we listed it at 215.
Speaker 2 (38:15):
And what?
What was the reception likewhen you put it on the market?
And then what happened?
We put it on the market.
Speaker 4 (38:24):
We did have a coming soon, for like a couple of days,
yes, and then put it on themarket, on on a Friday and we
did have a ton.
Speaker 3 (38:33):
I mean, I don't know the exact numbers, but we had
some really good traffic withthe house and the.
The people were coming throughit, but we didn't have any frizz
yet.
And that was what day two, whenwe were getting yeah, I know.
Speaker 4 (38:47):
And it felt so vulnerable.
We're like putting it out there.
Speaker 2 (38:50):
Yeah, it's awful, it's so scary.
Speaker 3 (38:54):
It really is.
We were getting good feedback.
That it was.
Everybody was liking the house,loving the house, was great,
but it was just a little toosmall.
So we're like, oh, great, so ofcourse me.
Speaker 4 (39:05):
I'm like.
They know the size of it, theyknow how many bedrooms there are
.
Why?
Why are you so surprised thatthere's two bedrooms, two
bathrooms and a kitchen?
And I don't understand.
Speaker 2 (39:18):
Yeah.
Speaker 3 (39:18):
Oh my God, that's so funny.
Yeah, so, but we were.
We were convinced that, youknow, it was just going to take
that the right person you knowjust you know we need one buyer
Right, so walk through there.
So we kind of had to and ourreal estate agent really helped
kind of ground us and justrefocus, like hey, it's still
(39:39):
early, guys, you know it's okay,and we were like freaking out.
But she could kind of tell,like you know, don't get
discouraged.
Like you guys have a lot oftraffic coming through.
We still have open house onSunday, like all these things.
So a lot of showings.
Yeah, yeah, we had a lot ofshowing, so the traffic was
definitely there.
It was good.
So it was just kind of like,okay, let's just sit back and
wait for that right person tocome in, so when did you get
(40:02):
your?
Speaker 2 (40:03):
did y'all get multiple offers, or did you get
one offer, or how'd that go?
Speaker 3 (40:07):
So we did.
We got two offers, and so inwhat?
The third?
Speaker 4 (40:13):
day and then, we decided the next day on day four
.
Yeah.
Speaker 3 (40:17):
Yeah Well, yeah, I think it had been four days on
market when we had had the twooffers come in and I don't know,
my real estate agent I don'tknow if she just kind of assumed
that they were full priceoffers, but she's like I'll come
over and we'll go through themand in my mind, immediately,
like what's wrong?
Speaker 4 (40:34):
They're not.
They're not good, they're lowoff.
Why aren't you telling?
Us what they are and she's likeno, just wait.
We're like, why are we waiting?
Speaker 2 (40:42):
We're so human, we're so human.
What's wrong so?
Speaker 3 (40:46):
she came over and she said no, no, they're both
really great offers.
It's just a matter of goingthrough and kind of figuring out
which details and which bestfits what you guys are looking
to do and whatnot.
So they were both full priceoffers, but there was one that
(41:07):
had an escalating cause of up toI think it was 222,000.
And they also had an appraisalgap coverage of $5,000.
So we knew right away that,okay, you know, it wasn't just
because of that.
There was other things too withthe other offer.
But the fact that this, thesebuyers were so invested in it
(41:32):
and you could just tell thatjust by that they were really,
really wanting to get it I mean,we've been there before looking
for houses ourselves, so youknow.
But what really put the icingon the cake?
And I think we decided to gowith them because they even had
an inspection on it with theother one didn't.
And we decided to go with thisone because they were first time
(41:53):
home buyers and there wassomething about that that just
really resonated with us.
And I looked at my real estateagent and I was like it's a no
brainer.
I mean, let's go for theinspection.
I know that we did everythingwe could with this house to make
it right.
I was a little bit worried thatsomething could come up.
Sure, but I feel confident andI just feel really good about
(42:16):
providing this house to the newhome buyers.
So it was such a cool goodfeeling.
Speaker 4 (42:21):
It was a cool feeling yeah.
I was on speakerphone at work.
I was with the Realtor and thenshe's like, what do you pick?
And I picked it, and then shepicked it and it was like a game
show.
Speaker 3 (42:31):
We're like you know cool, and because they have that
escalating whistle for 216.
Speaker 2 (42:39):
Nice.
Did anything come up on theinspection?
Speaker 3 (42:45):
So okay.
So nothing to everythingactually looked really good.
There was one thing they cameback at.
So in this house in thebasement it had the dirt walls
and so there's the we put upvapor barrier on the bottom of
the floor Floor joists.
Well they, I guess, throughkind of their initial inspection
(43:10):
of other things, of how thingskind of looked around in there,
they were worried as new homebuyers and which can understand
that they couldn't see thejoists of an almost 100 year old
house, you know, because theywere all covered up.
So they said they came back andthey wanted us to give them a
$3,000 credit just in case.
Speaker 2 (43:30):
We do, just in case credits.
Speaker 3 (43:32):
I know right, Joys needed to be replaced.
Speaker 4 (43:36):
Just thinking worst case scenario, right so?
So what did they have me do?
Speaker 3 (43:40):
She's like so well, yeah.
So I had the conversation withmy real estate agent and I said
I will take that vapor barrierdown.
You know I had no problem.
Yeah, I said you know let's dothat.
So she said okay, let mepresent it to them and see if
they're willing.
If you take it down which Iwon't be putting it back up, but
(44:02):
if I take it down and show themthat everything is okay, would
they be willing to do that?
Speaker 4 (44:07):
And they agreed and so you rip that hard work down.
Yeah, that was not hard, morehours of hard work.
Speaker 3 (44:16):
Yeah, yeah, but you know what?
I knew that I was doing it forgood reason and so, yeah, they
came back out with theircontractor and expected
everything and as as it you know, it was it, everything was fine
.
And they said, okay, let's,let's move forward.
And they're not asking foranything.
So we're like, how do youpraise God?
(44:37):
And we were able to moveforward, so everybody was happy
closed and got paid the biggestcheck she's ever held.
Speaker 2 (44:43):
So yeah, okay.
So what was the profit?
Speaker 3 (44:47):
drum roll.
So our profit obviously thecheck they handed over was much
larger because you know you'repaying off everything else, but
our profit ended up being justunder 23,000.
Speaker 2 (44:58):
Three and a half months 23 grand doing something
you absolutely love.
Speaker 3 (45:05):
Yep.
Speaker 2 (45:05):
Yes.
Speaker 3 (45:06):
I mean come on.
Speaker 2 (45:08):
I know.
Speaker 3 (45:08):
Congratulations.
It was fun.
Yeah, it was fun andchallenging, but we loved it and
we're ready.
We're ready to do it again.
Speaker 4 (45:20):
Yay, for sure.
Speaker 2 (45:22):
Yeah, I'm so happy for you guys and I just love
your story because, like Imentioned earlier, we sometimes
have to have that push thatdoesn't feel good in the moment.
Getting fired didn't feel good,a blow to the ego, a blow to
the wallet, a blow to your viewof yourself, right, like none of
(45:44):
that feels good.
Yeah, and three weeks later youwere under going under contract
on your first slip.
Speaker 3 (45:53):
Yeah.
Speaker 2 (45:54):
And maybe four-ish months after that, or holding a
fat check.
So jokes on you old employerRight, thank you.
Speaker 3 (46:02):
And the fact that we got to touch so many people.
It's not just about us.
Like you, look at all the peoplethat were involved in this
scenario our real estate agent,our private money lender, the
new home buyers, you know ourcontractors, just all the
vendors.
You know that all got somethingout of this.
(46:26):
Yeah, all good things, you know, yeah, and that was one of my
things that happened that Ididn't realize that the
experience that I was going toenjoy part of my favorite part
of the flip was obviously thetransformation, because, you
know, seeing, being able torestore an old home like that,
(46:46):
and the private money lenderactually walked the property and
his thoughts were he seems tobe torn down.
Speaker 4 (46:56):
The tear down.
I love it.
Cannot salvage this.
I'm telling more about that.
Speaker 2 (47:01):
Yeah, exactly.
Speaker 3 (47:03):
Yeah, so he got me sure that it was going to be
okay.
Speaker 4 (47:07):
So he was blown away.
It was a great feeling.
Speaker 3 (47:09):
The transformation was cool, but my second one that
I wasn't expecting and I don'thear a lot of people talk about
this because maybe it doesn'thappen for everybody but I got a
chance to meet the new homebuyers at closing and that was
such a cool experience.
Just you know, just to talk withhim, but for them to get up and
shake my hand and look me inthe eye and say, thank you, you,
(47:30):
this house is awesome.
It's just what we were lookingfor.
All the special, specialtouches we we noticed, you know,
and that was just such.
It just really was the icing onthe cake on everything.
I just was like wow, I justdoesn't stop.
The layers and layers andlayers of emotion of this
experience was just awesome,yeah.
Speaker 4 (47:50):
I feel like we're.
We're very lucky.
You were lucky with our first,so I hear that a lot.
Speaker 2 (47:57):
And no, you were prepared and you handled things
when they came up and you justkept going.
Really, that's it.
You just kept going.
Speaker 4 (48:04):
Yeah, I mean we, like , would look back at every
single day and say, look, we'vetaken three steps forward and
they're little but they'resignificant.
Because it was like paving theway.
And I journaled every singleday.
I wrote three actions, I wrotemy gratitudes, I wrote my why
from March till today I mean I'mstill doing it every day.
(48:26):
Yeah, that's amazing.
And I work and everyone's likeLindsay, I need this.
I'm like, hold on, I'mjournaling five seconds later
and I'm done, but I have itwritten down.
I love it.
Oh my God, I pull out my handydandy notebook and journal
myself away.
But yeah, I feel like that wasjust constantly.
Speaker 2 (48:47):
Oh.
Speaker 4 (48:48):
I love it, man, that mindset piece, man, that that
module, when everyone thinkslike I got this, that is so key.
You need, you need that module.
You need to learn it andrevisit it and do it every day,
especially if there's apartnership going on here.
One person needs you whenthey're at the 2%, you need to
(49:10):
be the 98.
You need to lift them up andkeep them under control.
Everyone moving forward, yeah.
Speaker 2 (49:16):
I love that.
Well, you notice, I sneak it inin module two.
It really should be module one.
But if people come in and seethat, straight away they're like
oh no, no, no, no, no, what isthis?
Weird sorcery stuff?
Yeah.
And so instead I just sneak itin in the second week.
I'm like okay, hey girl, let'sdo this.
Speaker 3 (49:35):
Yeah, I definitely get it, it definitely get it now
Per 100% Yep For sure.
Speaker 2 (49:41):
Oh my gosh y'all.
I have loved this conversation.
I'm being mindful of the timebecause I'm sure you have
somewhere else to be.
We cover everything you wantedto cover.
Was there anything that I leftout or anything you wanted to
add that you haven't said yet?
I like to make sure everybodyfeels comfortable.
Speaker 3 (50:02):
I think for me is, you know, through this whole
experience, that you know justto kind of you know, speak out
to whoever might be listening isthat if God places some thing
on your heart that you'repassionate about, is to you know
, really kind of hone in on thatand find out what is what
brings you peace and joy.
(50:22):
You know Because, like you said, you know me losing my job was
something that I would not haveplanned, but God has a way of
kind of pushing us in and theuniverse of pushing us in the
direction that we really need togo.
So, you know, I paid attentionto that, I focused on that.
Oh, sorry about that.
Boy's bus is coming.
(50:42):
Honestly, this was.
This is the book.
Speaker 4 (50:47):
Is this time for me?
Yeah.
Speaker 3 (50:49):
When I because we listened to your podcast back in
COVID, I think COVID, and Itold her about it I was like you
got there's.
This is awesome.
There's women sharing theirstory get inspired, you know
that kind of thing and it was so.
It was so fun to just listen topeople's stories.
But as we're sitting therelistening, you don't never think
(51:11):
you're going to be in thisposition.
So when we were signing up foryour program, I told, was it Amy
?
I don't remember.
But I said you know, just mekind of being like you know, I
don't know.
I was like I'm going to be onthat podcast.
Speaker 2 (51:25):
She did say that.
Speaker 3 (51:26):
I love it you know, I was just kind of like wow, I'm
going to be a littleoverconfident here, but that was
.
You know, I felt that I waslike I want to, I want to do
what they're doing.
I know there's a real, there'sa real people doing real things,
and so that was it was a goal,and the fact that we're sitting
here right now just completing apodcast with you is amazing.
Speaker 2 (51:49):
It's amazing.
It's so cool.
It's so freaking cool.
I love it.
It gives me chills, it reallydoes.
Speaker 3 (51:57):
Well, thank you, I really appreciate it Absolutely.
Speaker 2 (52:01):
You're welcome.
Thank you for sharing yourstory.
Thank you for letting us bepart of your journey.
Thanks for trusting us to bepart of your journey.
Like it's a, it's a real honorand it's a real gift that we get
to be part of your journey.
So thanks you guys.
Speaker 3 (52:16):
Thank you so much.
Speaker 4 (52:16):
We are so, so blessed .
I'm so thankful.
Thank you.
Speaker 2 (52:20):
I'll let y'all go.
The boys bus is coming, I hearit actually you have someone
lined up to get in, okay, good.
Speaker 4 (52:28):
Go play with your kids.
Speaker 3 (52:29):
Thanks, you guys.
Thanks, debbie See y'all in thegroup All right, bye.
Speaker 2 (52:35):
So great.
I love that conversation.
Thanks again for sharing yourstory with us, tammy and Lindsay
, because I know it will inspireothers to go do the thing.
Go chase this dream they have.
If you have been wanting to dothis, if you've been wanting to
flip houses, if you've beensitting on the sideline, if
you've been waiting for theright time, now's the right time
(52:57):
and we can help you get there.
This is what we do.
We help women start and growtheir house flipping business.
Whether you want to buy,renovate and sell houses, or buy
, renovate and hold houses asrentals or both, that's what we
do.
Go to herfirstflipcom to learnhow to transform houses and your
(53:17):
life.
All right, until next time.
Go out there, flip houses likea girl, leave people in places
better than you find them andmake it a great day.
Bye, y'all.
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