Buying Another House to Flip in Lady Lake, FL (VIDEO)

Buying Another House to Flip in Lady Lake, Florida (Lake County) | My Florida Home Buyers

Hey, it’s Matt with My Florida Home Buyers. And today, I’m standing outside a house we just purchased in Lady Lake, Florida. Let’s take a look.

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About this House in Lady Lake, FL

So this house is located in Lady Lake, Florida. It’s in Lake County, Florida, near The Villages. Many people know where The Villages is now, so kind of in that neck of the woods. It’s a newer house, relatively new. I believe the house was built in the mid to late ’90s. So, you can tell that from the styling. It is a block house, so there’s nothing super old and crazy to see, but it does need a lot of updating. It doesn’t look like it’s been updated much since it was built in the ’90s. And then, it will require some big ticket items, what I like to call the roof. For one, you can tell it’s amazing that it’s not leaking more than it is with how old it is. Those are only three-tab shingles. They only last 12 years or so in Florida, 12 to 15 years. So, it’ll need a new roof. We’ll have to put that on. The garage door, I’m not sure about that. It doesn’t look good from the inside. It doesn’t look too bad from out here, but from the inside, it doesn’t look good. So, we’ll see about that.

And then, also, the funny thing about this house is the central AC doesn’t work. That’s not the funny part. The funny part is the people we bought it from purchased the house with the AC not working. They never fixed it the entire time they lived here and sold it without the central AC working. So, somewhat bizarre for Florida. They put in some window units around the back of the house, which you’ll probably see later in the video. But I just thought it was rather strange. Most people in Florida prioritize AC. So, that’s quite weird.

But anyways, I’ll take you through, show you all the stuff that’s going on inside, and talk to you a little bit about how we found the seller, or how they found us, and the situation that we were able to help them out with. So, I’ll take a look.

The first thing you’ll notice as we walk up to this house is that it’s on a dirt road, so it’s not too bad. It’ll get paved eventually, but we prefer a paved road if we can.

But here we are, so this is somewhat weird. I don’t know what; this is more like a design choice. But they have this little; it’s all overgrown. This little piece is framed out, and that’s the kitchen on the other side. But it’s like an overhang, And I don’t know why you would do that. It just makes a perfect spot for wasps to build nests. And then over here, the roof’s pitch is so steep that it covers the top part of the window. So, I don’t know, whoever built the house had some weird, or they made some odd design choices, I think. But I’m sure it’s some style I don’t appreciate. But yeah, it looks funny up there with all that hanging off.

The Backyard

So, it’s block and stucco; you can see that. This is around into the backyard. I guess I’ll take you inside after I show you the outside. There’s a window AC I was talking about. But yeah, it’s just got a little backyard back here. They left a barbecue grill, a child’s off-road vehicle. And then, over there, it looks like the well. Well, and well pump, and the tank all’s in there.

Now, on the other side of this yard is some farm because there were goats back here just 30 minutes before I started doing the video. So, they were right up at the fence before. So, if you move here, your kids can have their petting zoo. That’s a selling point.

And then, this is just a little… There’s not much of a back porch here. But you have a little area for some tables and chairs, so you can sit there and look at the goats. Let’s go back around front, and we’ll go inside and see what’s going on there.

Inside the House

All right, so I’m walking inside the house now. It’s not too bad in here as far as houses go. I’ve seen worse. Nice vaulted ceilings. So, it’s a little more modern than some of the other stuff we buy. They left a mattress. But this would be like the living room, great room, whatever you want to call it. You walk into the house, and this is the big room you come into. I can already tell this tile will be a problem because of the color. That is not in style anymore. Maybe in the ’90s, but not now.

Kitchen

I guess we’ll start over here in the kitchen. The first thing I noticed was this weirdo light. I don’t even know how to take that thing down or install it. I’ve never seen anything like that before. It’ll probably be going to the dumpster, I would imagine. Yeah, it doesn’t look that fancy now that I look up close. This is the kitchen here. So, we’ve got some basic appliances and older cabinets. It’s going to all get ripped out and redone. They did take all of the food out of the fridge. They were nice enough to do that. We’ve had people leave the food in the refrigerator, and our cleanup guy is like, “I’m not even open in the fridge. I’ll strap it closed, throw it in the trailer, and go straight to the dump.” Because it gets nasty, so, over here, I don’t know if this was like a remodeling attempt or what it was, but we got some shelves, obviously, cheaper and easier to install than cabinets. And then, these cabinets over here, there’s no filler on the end; they just hang there. So, I don’t know if this is the original kitchen. I don’t know what happened here, but I know it’s all coming out.

Remember that piece I talked about outside, that weird corner piece in the kitchen? This is it right here. And not only is it impractical and weird outside, but it’s also impractical here because you can’t reach for the… Because the kitchen sink is in the way. So, I don’t know what the purpose of those things is. They’re big dust collectors, and I don’t know. And you can even see that look the soffit is hanging down in front of the window. And nothing can be done about it other than to take all that back off. It’s somewhat weird. I don’t know why people choose to do the things they do. Hey, that was part of the design. Somebody thought it looked good.

So, those French doors go out to the little porch on the back.

Guest Bedrooms

So, let’s take a look at the guest bedrooms over here. This door is missing the casing. And then, there’s laminate flooring over here. All that’s going to get torn up. It’s not really in that greatest shape. But yeah, just a basic little bedroom there.

This is the other bedroom here. The flooring’s even worse. So, you can see it’s gotten wet. It’s all nasty. So, all that’s going to get replaced, more than likely. I’m sure it’s going to get replaced. I don’t know why I say more than likely.

And then, we’ve got a bathroom here. So, just a little basic bathroom, nothing too weird except for… Let me show you this. They redid the tub. And I’ve never seen anybody… The water is still on. I’ve never seen anybody do it like this. They just stuck like little hot and cold decals here. Or like these little ones, almost like they came off like a Honda Civic. Like something weird. And there’s no hole cutout or anything. Quite weird. When I looked at the house, I asked the lady why that was, and she was like, “Well, that’s the way I wanted it.” I can’t argue with that.

Master Bedroom

So, yeah, that’s inside of the house. Let’s check out the master bedroom here. I think this is a closet. It’s a linen closet. And then, over here, is the master bedroom. This door goes out to the back porch. We’ve also got tile in here, old school, out-of-date tile that’s super hard to break up, so that’s good. I don’t know if they had a… I guess they did have a dog. There’s a dog kennel out back, but I almost bet the dog tore all this up. And then, I don’t know what happened over here. The lady told me something about water damage, maybe from the roof. It could be leaking down from the top, possibly. They attempted to fix it but didn’t do a great job. But we’ll get it fixed up right.

Sorry about my hand; it keeps going in front of the camera. My arm gets tired, so I switch arms, and then, when I use that other arm, it gets in the way.

So, the bathroom here is just a standard little master bathroom. Nothing’s super weird. The vanity is missing all the doors, so that it will need a new vanity. And then the shower is huge. I mean, it’s pretty big. It must be… Whoops. It must be at least four by four. If not, maybe a little bigger, four by five. It’s an oversized walk-in shower. It’s a relatively good shape. So, that is a plus.

Garage

Let’s go out to the garage because that’s the only room I haven’t taken in. Let’s see what’s going on in here. So, that’s the AC that’s never worked. And I went up. I went up into the attic. And you probably can’t see it, but that silver thing that shin in there, that’s the ductwork that attaches to the top of this square piece. So, even if you turn the AC on, it will blow into the attic because it’s not even hooked up. I don’t know what the story is there. Our AC guy will have to figure that out.

They also left these Samsung front-load washers and dryers. I’ve heard bad things about those. So, I almost think they maybe don’t work. I hear people have a lot of problems with them.

And then, this is the garage door that I was telling you about. I know the opener doesn’t work. And we’ve some stuff that’s disconnected here. I can’t get the door to open. So, I don’t know if it’s because the springs are not tensioned or what it is, but I’m almost positive we’ll have to put a new door in there. They also cut a little… It looks like a vent hole. It’s not going to let much air in. I don’t know what the point of it was, but it’s there.

And then, another thing I noticed out here. Count how many lights are up here. There’s one light, fluorescent. There’s another light, another fluorescent light. Those are part of the house; those are wired in. Then we’ve got this hanging light. That is plugged or just wrapped around here. And then, there’s this light, which is plugged into the outlet that the garage door opener is supposed to be plugged in. So, there are four lights up here. It’s almost like when a light stopped working, they just put another one in instead of trying to fix the old one. So, I don’t know. It’s somewhat weird.

But I think that’s it. There’s a little shed on that side of the house, but it’s not all that interesting. Yeah. So, that’s the house we just purchased in Lady Lake. So, let me take you back out front, and I’ll tell you how we were able to help the lady out and buy this house from her.

We Buy Houses in Lady Lake, FL

So, that’s the house. The lady that we bought it from, or I say, lady, that’s the person I dealt with. It was a husband and wife family. They had a dog that I didn’t see when I was here. But basically, they needed the cash offer. You know, it will not qualify for financing with a roof. The AC doesn’t work. You’ve got any issues inside that could be problematic for financing. So, they knew that they needed a cash offer. They didn’t want to list with a real estate agent because they wanted more flexibility. And you know, when you’re dealing with a real estate agent and another buyer who wants to move into the house, it’s hard to be flexible sometimes. And what these people wanted to do, was sell the house, stay in the house for, I think, we let them stay here for like two weeks after closing. So, they got some of the money. They were able to use that money to find another place to move, rent a U-Haul, all that kind of stuff, all the moving expenses.

So, they were able to do that. And then, they stayed for two weeks, and we held a security deposit. And then, when they have moved out, I have to call our attorney and say, “Hey, everything looks good. Go ahead and release that security deposit.” So, that’s kind of the situation here. They just wanted a flexible closing date. They weren’t sure if they would be able to find something, so they wanted somebody who could work with them and maybe move the date around, shuffling it back and forth a little bit as needed. It worked out for them. They got a cash offer, and we bought the house as is. They didn’t have to make any repairs. They closed exactly when they wanted. They were able to stay in the house after closing. So, they’re pretty happy.

And that’s kind of what we aim to do: understand the problem and then try to figure out how to make it work for everybody involved. So, it worked out for them. They’re ecstatic with how everything worked out. They’ve got cash, and I think they’re moving out of state, I don’t know. And we’ve got a new renovation project on our hands. So, it’s a win-win-win for everybody involved.

Sell Your House Fast in Lady Lake, FL

So, if you have a house like this to sell anywhere in central Florida, whether it’s up here in Lady Lake or somewhere else in Lake County. We focus on Lake County; that’s just where I grew up. So it’s where I live, so we know the area well. But we will buy stuff all over central Florida. I just came from Sanford because we just bought something over there. So, if you have a house anywhere in Central Florida and want a cash offer, maybe the house is not in that great shape. Perhaps you don’t want to deal with the hassles of a real estate agent. You don’t want to get the house ready to sell. You don’t want to make the repairs. You don’t want to pay closing costs, commission, etc.

Go to our website, MyFloridaHomeBuyers.com, and submit your contact information and your property information. We’ll get in touch with you and get the ball rolling for you. And we’ll come out and take a look, and if all works out, I’ll be filming a video at your house one day. So, yeah, MyFloridaHomeBuyers.com. We’re local cash home buyers. We’ve been doing this for ten years, so we’re pretty experienced, and we can help you with just about anything… Any situation you might be in. So, again, my name is Matt. I’m with My Florida Home Buyers. Have a great rest of your week, and I will see you in the next video.

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