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Lessons Learned in Flipping a Home in Orlando 

Ken Pozek
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It's been a year since I purchased an investment property in greater Orlando. Winter Park to be specific. It needed a TON of work..but it's completed! Here's the before/after, plus what we ended up doing with the home.
Thinking of selling a home in greater Orlando? We'd love to help! Visit TheOrlandoReal.com/youtube to get started
#movingtoorlando #winterpark #florida
Ken Pozek is a licensed real estate agent with the Pozek Group at Keller Williams Elite Partners. License number BK3313335

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27 сен 2024

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Комментарии : 69   
@BuyHousesYO
@BuyHousesYO 5 месяцев назад
dude the permitting system is a fucking nightmare here in orange county... they wanted all this weird shit to patch concrete from a job i paid $9000 and had the company pull permits for. but i'm thinking: isn't patching the concrete part of the initial job for running sewage lines??? wtf. They also don't even know answers to questions then put you through to someone else and that person doesn't answer... i just gave up and patched it myself after literally talking to a code enforcement guy who was like "yeah man we're understaffed just do it and nobody will know"
@DavidStella
@DavidStella 5 месяцев назад
Turned out great. The house now elevates the neighborhood in terms of value and curb appeal instead of dragging it down.
@tonypapas9854
@tonypapas9854 5 месяцев назад
$3,700 a month in rent?! WOW - can't believe people would throw money away like that. You're lucky.
@kenpozek
@kenpozek 5 месяцев назад
Wait until you look at what 2-3 bed apartments get in WP… 😳🤯
@crashbandihoot5038
@crashbandihoot5038 5 месяцев назад
Best real estate youtuber in Central Florida!
@kenpozek
@kenpozek 5 месяцев назад
Super kind! Thank you 🙏🏼
@mikebowerstv
@mikebowerstv 5 месяцев назад
I love seeing real videos. Not every investment turns out the way we hope, but we adjust and move on!
@kenpozek
@kenpozek 5 месяцев назад
Analyze and improve! That’s my motto
@piza9794
@piza9794 5 месяцев назад
Fantastic honest vid , thats is why people like you and what you have built in Orlando. Keep it going man.
@kenpozek
@kenpozek 5 месяцев назад
Thanks! This one was a hard one for me to shoot. If would’ve taken the advice that I give my clients, I would’ve been much better off. Still had to show the good, the bad, and the ugly. Hopefully it’s helpful to show the harsh reality that comes in real estate sometime
@staymagical4ever
@staymagical4ever 5 месяцев назад
Thanks for such a candid, honest video, Ken! You rock!
@moonxmermaid
@moonxmermaid 5 месяцев назад
Yessss I’ve been itching for an update on this house! I am in no financial position to be buying and selling real estate but I think it’s so interesting. The final result looks amazing, well done Ken!
@bijoujohnson
@bijoujohnson 5 месяцев назад
I really appreciate the transparency!
@karinaoliveira3988
@karinaoliveira3988 5 месяцев назад
Thank you Ken for posting such amazing content! It is inspiring what you are doing! Good job
@BostonMark67
@BostonMark67 5 месяцев назад
Can’t believe how much a house cost in Florida. Not even on the beach 🤷🏻‍♂️ I live on the South shore 45 min from Cape cod. It’s even crazier than Florida. Your house in Winter Garden would cost over a million here. Crazy world we live in 😜
@walterelias6494
@walterelias6494 5 месяцев назад
Thank you for being honest and not just saying that everything was great
@davidwelty9763
@davidwelty9763 5 месяцев назад
Winter park is a smart safe place to invest.
@mikedye7948
@mikedye7948 5 месяцев назад
Excellent honest video. Not everything is sunshine and rainbows and it's good to see the good and bad. Glad you were able to find a good path forward with the rental.
@itguru2037
@itguru2037 4 месяца назад
Rented it because no idiot would ever buy it
@dinodinosaur2930
@dinodinosaur2930 5 месяцев назад
👏👏👏Sir, you and your team did a brilliant job on an increasingly difficult job... You built back better a beautiful home... Your to honest to cut costs, but did you get quotes from 3 different Contractors before work started ❓
@ItsLucasKim
@ItsLucasKim 5 месяцев назад
Holy cow, that house for 700-750k? It's becoming Long Island house market.
@julioinfanteramos6535
@julioinfanteramos6535 5 месяцев назад
Yea, beautiful house, but definitely not worth 700k. Real estate is taking advantage of money coming from up north and Cali
@kenpozek
@kenpozek 5 месяцев назад
@julioinfanteramos6535 at least two buyers would disagree with you and would’ve paid over :)
@ItsLucasKim
@ItsLucasKim 5 месяцев назад
@@kenpozek , has some of Orlando house markets started to burst bubble yet or is it still sellers market ?
@julioinfanteramos6535
@julioinfanteramos6535 5 месяцев назад
@kenpozek Ken, but were they locals is my question. If so, it is really an overblown market. I know is Winter Park but not all Winter Park is nice🤷🏽‍♂️
@itguru2037
@itguru2037 5 месяцев назад
@@julioinfanteramos6535750k for any house in this market is insane. Housing prices are going to fall hard. Realtors will continue to lie to us. Don’t fall for it. The time to buy was in 2020-2021 when rates were 3 percent. If you buy a house now expect to lose your tail.
@leniqueboisnote7490
@leniqueboisnote7490 5 месяцев назад
Finally yes. BINGE watching 🔥
@puppiesfurrypuppylove3371
@puppiesfurrypuppylove3371 4 месяца назад
Fantastic Landscaping….front yard and backyard would have been the draw, imo. First impression is always king. Let it stand out…it should set the bar…….for the entire neighborhood and match/exceed that beautiful inside renovation 🎉….That will make an unimaginable sell…bet.✨🌞😁
@hoops135792468
@hoops135792468 3 месяца назад
Really enjoyed seeing the breakdown and details!
@MiamiCoffee2023
@MiamiCoffee2023 5 месяцев назад
Hey Ken! your New office backdrop is so dope ☕️☕️ 🎉
@kenpozek
@kenpozek 5 месяцев назад
Thanks man! Finally got some shelves to show off some of our stuff
@buyfixrentrepeat1270
@buyfixrentrepeat1270 5 месяцев назад
Looks like a big job, sometimes it better if you can find a cosemtic flip so you dont run into permit and contractor issues if your able. When I am lucky I find them with low ball offers and can make decent profit or keep as rental. This is not advice just what I have found. Less time and hold cost and same profit if lucky
@kenpozek
@kenpozek 5 месяцев назад
Totally agree. My original timeframe from the contractor was 100 days. If it would’ve stuck, it would’ve been a slam dunk. Live and learn. Also my first full rehab in Winter Park. Learning the new city was educational. Other areas of town are a bit easier.
@buyfixrentrepeat1270
@buyfixrentrepeat1270 5 месяцев назад
@@kenpozek I am sure you get a slam dunk on the next one I hope I can get a few soon too.
@charlesa8136
@charlesa8136 5 месяцев назад
Wow great job both the work and the configuration of the house
@ifamilymoments1965
@ifamilymoments1965 5 месяцев назад
Thanks for the vid and the honest self review. Considering that you did put all that time and effort, and yes that much money up front. I see what you mean about throwing more money into it. And I see the reasoning behind renting it. But I would have sold. Getting that 40K or so profit, would have still been ok. Not knowing, though what the future value of this home will be as well. All in all, thanks for the video. 😊
@tonypapas9854
@tonypapas9854 5 месяцев назад
Also, you simply can't count on any estimated timeframe from ANY contractor(s) to be met. They are terrible.
@foxhound34
@foxhound34 2 месяца назад
Who's the animal that hung the toilet paper like that? 3:12
@tonypapas9854
@tonypapas9854 5 месяцев назад
Really weird to see sod all the way up against the exterior walls. That's a bad idea - should have had at least a 1' wide separation with mulch or, better yet, river rock. Landscapers will do nothing but damage the exterior, and it's also inviting bugs/insects to enter much more easily. Also, I can't believe you didn't do a complete and thorough inspection first - bad move. Whether the previous owner knew it or not, that was not good.
@KevinFrett
@KevinFrett 5 месяцев назад
Love the end product, I own some land in college pack if you want to partner on building it out and splitting it 50/50
@kenpozek
@kenpozek 5 месяцев назад
Shoot me a message. Happy to chat
@drexelharris2454
@drexelharris2454 5 месяцев назад
Greetings. Do you partner or JV
@ddtdaman97
@ddtdaman97 5 месяцев назад
What the heck is a primary?
@info781
@info781 5 месяцев назад
Main bedroom?
@nets6725
@nets6725 5 месяцев назад
I wont spend money on that especially septic tank.
@info781
@info781 5 месяцев назад
Everyone wants to kick the can.
@MyBackyardScience
@MyBackyardScience 5 месяцев назад
The house looks great! 🙂
@kenpozek
@kenpozek 5 месяцев назад
The finished product was really great! No doubt about it
@charliebaldwin108
@charliebaldwin108 5 месяцев назад
really like this deep dive into the process!
@kenpozek
@kenpozek 5 месяцев назад
Labor of love haha! Thanks for watching
@Hello-nl1km
@Hello-nl1km 5 месяцев назад
Beautiful house but that price!! Wow!
@ducheau100
@ducheau100 3 месяца назад
No, with taxes and insurance you are gonna be closer to 3800-3900 a month. Taxes will be close to 800 a month. You can't get the homestead exemption and insurance on a 600+ assessed house will be close to 4000 a year. You will get the principal payment benefit on this but otherwise it will be a loss. Honestly you should have dumped it. Lesson learned.
@mangodiet801
@mangodiet801 5 месяцев назад
you can make more money, with less risk, and have less headaches putting that money into Fixed Income Investments... housing is way too overpriced, and remember most wages don't increase meaning less buyers
@joelvogt2355
@joelvogt2355 5 месяцев назад
Glad you were able to get it all worked out 👍
@info781
@info781 5 месяцев назад
Thank you! You do good work and are a honest guy. Renovation costs have gone through the roof, your numbers don't surprise me at all in Florida
@ChetBatson
@ChetBatson 5 месяцев назад
love the honesty
@meatiethatsme2471
@meatiethatsme2471 5 месяцев назад
Love your honesty Ken. Looking to move there soon and keeping you in mind.
@kenpozek
@kenpozek 5 месяцев назад
Hey thank you!!
@meatiethatsme2471
@meatiethatsme2471 5 месяцев назад
@@kenpozek you're welcome.
@bdeva029
@bdeva029 5 месяцев назад
Splendid video on the realities of renovations.
@JjHernandez-dc6ul
@JjHernandez-dc6ul 5 месяцев назад
This house was truly impressive, and the final product was outstanding. Thank you for providing such amazing content. Starting a list of Pozek approved vendors would be incredibly helpful for the community. Winter Park one of best communities in central Florida but right behind Hunter creek 😂 jk jk
@kenpozek
@kenpozek 5 месяцев назад
😂😂😂
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