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Jon Steingraber

๐Ÿ‘ค Speaker
256 total appearances

Appearances Over Time

Podcast Appearances

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

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.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

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.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

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.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

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.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

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.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

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.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

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.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

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.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

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.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

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.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

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.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

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.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

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.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

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.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

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

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

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

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

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.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

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.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

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.

The Science of Flipping
How This Investor Flips Houses in Just 24 Hours | Jon Steingraber

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.