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My Five Worst House Flips! Halloween Special!

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A while back I posted my favorite house flips to celebrate selling my 200th flip and most people did not care. They did not want to see the good ones they wanted to see the bad ones! I gave in and created this video that shows my five worst flips. I did not lose money on all of these and I have lost more money on other flips than some of these flips but they were all horrible in one way or another.
Maybe it was because the house took so long to repair, or there were so many problems, or my contractors screwed me over, or something else. But these are the five worst I could think of, although I am sure there are more than this there were equally bad.
Here is the video of my favorite flips:
• My 5 Favorite House Fl...
Here is last years special for the scariest house flips:
• My Scariest House Flip...
Here are full videos of some of these flips!
• Nightmare House Flip C...
• Massive Fix and Flip P...
• Horrible Fix and Flip ...
• Most Expensive House F...
• Fix and Flip before th...
The honorable mention hoarder house! • Hoarder House Before a...
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My books: amzn.to/2VGI6a9
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Mark Ferguson’s purpose is to help as many people as he can become financially free through real estate.
Mark has been a real estate investor and real estate agent since 2001, after graduating from the University of Colorado. Mark has flipped close to 200 houses and routinely flips 15 to 25 houses a year. Mark owns 170,000 square feet of rentals and is the managing broker and owner of Blue Steel Real Estate. Mark has also written 9 books that you can find on Amazon amzn.to/2VGI6a9
Mark started InvestFourMore in March of 2013 to discuss his rental property investing techniques. Mark expanded InvestFourMore to talk about his flipping business and real estate agent business. InvestFourMore now has 300,000 views a month and is one of the top real estate blogs.
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Website: investfourmore...
House Flip Before and After Playlist: • Complete House Flip Be...
Lenders and Funding Resources: investfourmore...

Опубликовано:

28 авг 2024

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Комментарии : 89

@deonmurphy6383 3 года назад

I appreciate your telling your horror stories.

@loro9385 3 года назад

It's probably good to go through and remind yourself of the pain. Too often we put the pain aside and continue to make the same mistakes. You have many successes so don't dwell on the ugly.

@gitanaxu11 3 года назад

Wow! The one that looked like a barn was bad.

@investfourmore 3 года назад

Yes and made worse haha

$@dwarfracer22$

@dwarfracer22 3 года назад

Great video, sharing your worst flips was interesting as well as informative. These learning experiences will help me to avoid similar circumstances.

@investfourmore 3 года назад

Glad it was helpful!

@felinetracks1 3 года назад

Yep yep

@sheilag9345 3 года назад

Very scarrrrrry Thanks for sharing these!

@investfourmore 3 года назад

My pleasure sort of....

@theuberpapaya 3 года назад

Great video! It's interesting seeing this perspective on flips that don't go the way you want.

@investfourmore 3 года назад

Glad you enjoyed it!

@lenorecurry1131 3 года назад

I thought you would put the one your working on now with the BIG FOUNDATION problem!!!!😂😂😂

@investfourmore 3 года назад

Haha, maybe next year

@jaybee608 3 года назад

That's the first thing I thought!

@johntaylor9755 3 года назад

thought I'd throw my comment in here. I've watched maybe at least 30-40 of your vids over the past month, mostly streaming onto my TV. I really enjoy your pragmatic, realistic approach. I see some nice design from some of the flipsters, but you have a great way of reigning that in and staying focused on your costs (which, as you note, are seldom shown by many other flipping vloggers). I love to see your decision making as you make those calls about what you will and will not touch... or just clean it up a little (basements, yards, outbuildings). The thing I admire most about you is your ability to kind of laugh off what would stress me out so much! I know you're taking it seriously, but you have a great attitude that you will be able to get through anything that seems to come up, from squatters to cracked foundations - and the real surprises when you haven't even visited the property before buying it ha, wow!. I also really appreciate your spreadsheets where you get it down to the last penny. I've thought about flipping (I have an architecture background), but I'm just not sure I could let the problems slide off my back so easily...not to mention assembling the great contractor team you have (at least most of the time hehe). Great to see all that you encounter and deal with, including the various ages and types of buildings you're handling. Your Dad must be amazed by what you have accomplished and the talents you have displayed. But, again, most of all, you really have a great attitude!

@investfourmore 3 года назад

Wow! Thank you very much!

@saadgt2009 3 года назад

Rats! I lost a bet with myself. I was *positive* you'd include a rider, using Foundation House, in here! 😄🙏Happy Halloween to you too! I had a good time watching you today, but then, I always do. So, my expectations have been met and exceeded, pretty much like the purchasers of your flips, I'd say. All the best🙏, from T.O.🇨🇦

@bethmerryfield7186 3 года назад

That's funny, Mark putting the worst house flips on Halloween. Just keep on keeping on.

@graybryan9521 3 года назад

One of your best videos. I really enjoyed it.

@investfourmore 3 года назад

Thanks!

@tommyboy3261 3 года назад

Thanks for sharing Mark. It took guts lol

@linda48123 3 года назад

Mark, first your looking good in this video. Secondly, I enjoyed your commentary. It takes a big man to advertise his mistakes. Sorry for your lost but glad you shared. New, nice truck and rivers house also shows you had more good details than bad so that's good. PS what is happening with the old restaurant in the college town that had the homeless guy in it?

@sydneywood4398 3 года назад

🎃 verrrry scarrry nightmares.💀 Glad they are behind you and hopefully it will be harder to make this kind of video, again. Well, maybe after the bad foundation house...

@sherrymia4719 3 года назад

There's never failers mark only lessons which make you grow

@ChaiLatte13 3 года назад

That first house could be mine...haha We got one of those old homes and you are right, they were not built like they are today. 😂 24" studs, less space for insulation with the 2x4s and balloon framing which makes it a fire hazard too.

@kathybond181 3 года назад

Mark! I'm still watching #1 and I feel like 😬! I can't imagine what the others will be like.

@investfourmore 3 года назад

Haha, I started with a bad one!

@shannahmiller 3 года назад

I think it's like a lot of things: finding the sweet spot where you make a reasonable amount while not stretching your team too thin can be a challenge. This video did validate a decision I made years ago. I passed on buying a house in Palo Alto because it would have been a complete teardown. The house we bought instead we sold for over 2x the purchase price. It wasn't a major renovation, but we did fix it up. I think it sold for so much due to location, and that it was a very sound house. We currently live in a brick house that was built for the brother of the guy who owned the brick company, who made the bricks. It's pretty cool.

@kittyfruitloop8264 3 года назад

Thanks in for sharing, awesome video! It is so good to see the worst flips as well as your best flips. It helps us all learn about spotting good flips and recognizing potential problems in any property we see!

@Gonewiththeshirt 3 года назад

Thank you so much for sharing this ! I wish I watched this video much sooner , I wouldn’t make the mistakes I had made on my first two failed flips . Loss tones of money and all the stress and time

@jaybee608 3 года назад

I gotta say, your flips do come out nice. The buyers should be happy with what has been done in those home.

@sharees.9173 3 года назад

The country house turned out nice.

@bilton 3 года назад

Your camera looks so much better than those first videos haha. Thanks for all the amazing info!

@bethmerryfield7186 3 года назад

The giant hole could've been a spa, but I don't know,

@saadgt2009 3 года назад

What about an inground pool? Or, a sunken garden?

@valeriehopkins644 3 года назад

The lesson I hear is don't buy houses in Loveland Colorado. Your work is always great but getting there can obviously be painful. I like that second house in Loveland. I think the brick and stone makes it unique and the Busy Highway take that away. Thank you for reliving these nightmares

@investfourmore 3 года назад

haha, yup

@saadgt2009 3 года назад

In retrospect, Iwonder if there'd been a way to capitalize on the location by getting it rezoned for commercial, live/work, and/or mixed use of some sort?

@73honda350 3 года назад

Education is expensive, whether it's from mistakes made flipping houses or paying $40k per year for private college tuition. The most important thing is to make sure you get your money's worth.

@investfourmore 3 года назад

for sure

@dennisnoone7427 3 года назад

Ouch, hopefully that Bad foundation house will make a few bucks!

@southerncoyote 3 года назад

Yea people liking old houses is massive survivorship bias. The good ones are all that remain. The bad ones have fallen down.

@bipolarbear8632 3 года назад

its so strange seeing how much houses cost there. we paid $60,000 for our home and it wasnt a mess and didnt have major projects that done. new room, fenced in yard, basement... a duplex around the block from us was in shambles however and it sold for $25,000 last month or so. i must just live in a cheap housing area....

@jordanlong2556 3 года назад

You know you're 'Invested' when you correctly surmise which house is going to be first...🎃

@jraoul711 3 года назад

That first one had nothing going for it. Small lot, narrow footprint, weird and ugly layout, wood rot. That one was truly a Halloween nightmare.

@AuntieM78 3 года назад

It looks like you should stop doing business with that wholesaler on the house that was vacant for 7 years. That house you got $438000, for is a really nice house! I like the layout! :)

@investfourmore 3 года назад

It is my fault for buying it!

@Vantuary 3 года назад

I enjoy your videos!

@williamsmith7221 3 года назад

Great video! Any update on the foundation problem house?

@MagickShadow 3 года назад

House 1 could have really been somthing. Too bad that project manager was a tool House #3 Is watertap a well?? I really liked this house but definitely the circumstances behind it make me hate it 🤣 I dont remember the last house 😳 gonna have to go though and watch it

@trixier6505 3 года назад

did you use LvP on these floors? Do you like it?

@stevenanderson3386 3 года назад

Mark ur awesome, company changes their name because of ur bed reviews and u leave bad reviews on the new company as well. Savage The power of reviews!

@Avotts 3 года назад

what is a water tap? never heard that term before. the one that you added the expensive addition to.......actually ended up looking cute.

@statewench2828 3 года назад

Mark have I missed the foundation house or are you still working on it? I remember the last house in the video I also thought it would be a quick turn around. I hope this new year goes smoothly.

@DNV-bc5od 3 года назад

The ones you finished are very nice. The owners are very lucky even if you weren’t.

@oaxaca1948 5 месяцев назад

do you buy without inspecting them?

@berlieannapalmer1187 3 года назад

Doors fantastic

@redneckbryon 3 года назад

When you say water tap is that another name for a water main??

@angiemoses130 3 года назад

House 1 wasnt built bad at first it was remodeled and that water feature was added by the other owner.

@investfourmore 3 года назад

yup

@shym9933 3 года назад

Great video.

@investfourmore 3 года назад

Glad you enjoyed it

@gthree0239 3 года назад

I'm noticing a trend... STOP BUYING WHOLESALE!!! Lol

@cbacamartinez 3 года назад

why would he fill in the basement w cement? Where there any missing persons that time? Maybe he buried someone in the basemen?!

@investfourmore 3 года назад

He said the foundation needed work and that was the easiest way to fix it

@berlieannapalmer1187 3 года назад

Old carrige house its awsome

@keithgraham398 3 года назад

What happened to water feature house?

@investfourmore 3 года назад

We sold it before fixing it up

@lostintime8651 3 года назад

Mark most people are interested in the negative then in the positive things in life. Just watch the news for 2 seconds. It's all they ever talk about how horrible everything is in America. I don't feel that way. I feel we are the greatest country on the planet.

@felinetracks1 3 года назад

#2 why did you have to cut the trees??? Asks the tree 🎄🎄🎄 hugger.

@CalliopeFprincessice 3 года назад

I thought your foundation house would be in that group

@investfourmore 3 года назад

It's not the worst.yet!

@saadgt2009 3 года назад

@@investfourmore YET! Early candidate for Oct. 31, 2021? 😄😄😄

@lionheart93 3 года назад

so that guy was having fun here?

@bethmerryfield7186 3 года назад

Whoa the water tap was $40000?

@berlieannapalmer1187 3 года назад

Can you feel the train. coming ang going bye.

@investfourmore 3 года назад

I can't remember, probably

@hildamasi4665 3 года назад

Think before you buy.💜💜💜💜💜💜💜🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸STAY SAFE

@carguy4658 3 года назад

Sorry to cause your pain, but I liked the other one too.

@wnytrashtrucks 3 года назад

sounds like loveland does not love you.

@JL-hn6hi 3 года назад

Naw, def no aspersions from me towards the COMpound. It’s on its way to becoming a COMplex... and all the initial memories will be forgotten.

@investfourmore 3 года назад

Good way to think about it!

@berlieannapalmer1187 3 года назад

Arignol floors

@joannahampton3808 3 года назад

location, location, location

@zeyad4581 3 года назад

New camera 🙏🙏

@thatcoolkidjoey 3 года назад

So I heard you talk about the $40,000 connection to city water before so I looked it up in my city and it's only $850 here

@berlieannapalmer1187 3 года назад

Drive way worst

@finned958 3 года назад

You kept the project manager for 16 months? That you lost $20K is awfully bad accounting. You should have lost more from botched remodeling costs and the salary of a incompetent project manager.