Jon Steingraber
speaker
128 appearances
1 recordings
1 series
first heard Feb 2025
last heard Feb 2025
Jon Steingraber’s voice in public audio — every appearance, attributed to the second.
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The MORE Show · How This Investor Flips Houses in Just 24 Hours | Jon Steingraber · 21 Feb 2025
podcast
That's in this phase one scope or phase two. And then you put who is assigned to that, what trade, plumber, electrician, HVAC, demo, et cetera. And you might have like, I hire people just to clean the house the whole time. They're just cleaning.
Yeah, they're just cleaning, cleaning, cleaning. I have one person that's gone hydrating everybody, giving them water. Right. And, you know, it's a little bit different than your normal job. We get, you know, we get food for everybody. We have a runner to Home Depot or Lowe's or, you know, whatever.
They're literally waiting in their van. They're going, you know, they're waiting in the Home Depot parking lot. And hey, I need this. And then they go in and then they come to the house.
Right. So, I mean, it's simple. It's simple, simple pre-planning stuff. And of course you're going to, you're going to plan everything out from lunch, right? Like what time is lunch? Who's having lunch, et cetera. We typically take a break, everybody. And we have a line, people just line up. I don't know if they show that on, on the, on the episodes. I haven't seen them all.
The other thing that I want to, before I forget, so a lot of people make the mistake in the decision-making phase. Yeah. They're like, my wife will go into a house, no joke, and she'll be like, knock down this wall, knock down that wall.
And I'm like, no, we're not knocking down walls because that's going to require fixing the floors, getting permits, waiting for them to come and take a look at that we did it right. And then you can proceed. You can't do that if you're going to do a really quick flip. You just can't. And I'm not saying that you don't get permits. You get permits on things that are one-step permits.
But if there's things that are multi-step permits where it's like, I have to do framing, then insulation, then finish, the finish doesn't matter. But the first two are stopping you from moving forward in your sequence.
Right. So you're literally just waiting. Yeah. And you're wasting money and wasting time. So a lot of times, you know, even though the sink would be better off over here, you know, within three feet, I can move it, you know, and I don't it doesn't require a permit. Right. So I'm not going to move it over there.
I'm just going to figure it out. And not every house qualifies for this. Some are just functionally obsolete and you do need to make changes. Yeah. You know, but, you know, for example, a lot of times before I used to knock down the wall between two bedrooms and a four bedroom house and make it a three bedroom and put a master math and a walk-in closet. I don't do that shit anymore.
I don't, I just, I go, no, I'm going to get in and I'm going to get out and not for nothing, but people count your money. So when I get in and I get out and typically I'm on the market within seven days of buying it. Wow. So I'm on the market within seven days in New Jersey.
I don't know how it works in other states, but it takes about six weeks typically to for the price to show up what you bought it for. So when I'm on the market, nobody knows what I bought it for. That's right. If I renovate a house over two months, three months, and then I put it on the market, they're like, well, you just bought this house for $500. And now you're asking $800.
It's like, yeah, but when I bought it, they're counting your money. That's right. That's true. I could have inherited it for a dollar. Who gives a shit? But they care about what you bought it for.
Exactly. So it avoids that. It avoids that whole, oh, well, he bought it for this. It's renovated. And a lot of people ask me, well, what about permits? Well, in New Jersey, I don't know how it works in your state, you can look it up, permanent municipality, whatever. Direct replacement is allowed, right? No permits.
I can take all the cabinets down, put new cabinets in, and countertops and everything, have a brand new kitchen, new appliances, everything, and it doesn't require permits.
Same thing with bathrooms. Vanity's here. Okay. I'm not adding, I'm not changing it. I'm not putting the vanity on this wall and putting it over here. No, I'm leaving it there.
Direct replacement, toilet, direct replacement, everything direct replacement. And, you know, if it's a water heater, you got to get a permit, but that's one step permit.
You can put in the permit for that, replace a water heater, get the guy to come out. It doesn't stop you from doing anything.
right roofing windows um siding doesn't require permits that's right right unless you're doing the sheathing on the roof you know then it's emergency work and you could get the guy out there but um you just have to understand the rules of the game right we're playing a game yeah so the better you know the rules the more that you could take advantage of how it works and then you have to be smart enough to say and disciplined enough to say all right i'm not going to knock down that wall
Even though open layout concept's the thing, I'm not going to do that because I want to make money. And guess what? I've never not sold a house because I didn't knock down that wall. No. It sells. You just have to price it accordingly and purchase it accordingly.
Or you might sell for, you know, a $10,000 difference. Okay. I mean, it's a lot of times it really doesn't make that big of a difference. It's more a matter of there's inventory. Wow, there's a renovated home. How many houses in your area are actually renovated and, you know, they're not at the top of the market priced? Well, that's what we do.
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