Real Estate Investors VS  Historical Home Termites | Dixieland, Lakeland Florida

Real Estate Investors VS Historical Home Termites | Dixieland, Lakeland Florida


– This is what it looks like. This is the storm. (upbeat music) – All right, so right now
we’re at 312 West Hancock that we just purchased. Well, we just didn’t
purchase this property, we purchased it a little bit ago. But what we’re looking
for when it comes down to historical properties that we buy here in Lakeland, Florida, in Polk County, this actually is a historical
district of Dixieland and so, if the numbers
work, we almost buy anything when it comes down to
historical properties. – Question is, can you
renovate this property, make everybody happy in
the historic district, sell it and still keep the
price margins where we need to. So, with the historical
homes, the number one thing that we fight with is termite. So, the number one thing to
look for, if I were to go back and say, “Where did I go
wrong with my due diligence “or what to really look for?” Is termite. So, this house had a lot of termite damage so, we’ve already done
subterranean termite treatment. We’re about to tent this
house when we get done, just as an extra, extra
preventative treatment. And you can see, all new siding. So, there you go. When we buy these houses,
we have to keep in mind, we’re putting in all
new siding so when we go to sell this house, oh my
gosh, an end buyer is going to be just ecstatic. They literally have a brand new
house in a historic district cause it takes a really special buyer for these kind of homes. You gotta really, like, be
into the historic homes. – When we’re buying homes, this is kinda what we’re looking for, as well. So, if I’m actually the new buyer, I want another access point to come in so that was another thing I actually
liked about the property, was it had an alleyway that
somebody could privately, just pull into their vehicle and just pull to the back of their house. Nobody needs to see them in
the front and then, boom, they’re pulling into
the back of their house. And on this property, we
actually extended the property, put all brand new electric. Everything, basically, in
this house is brand new. Brand new electric, brand new plumbing. All right, let’s check out the inside. – This is what it looks like. This is the storm. I wouldn’t have said the
calm before the storm. This is the storm. You can see, literally, inside the walls. So, I promise, it will not
look like this when we finish. It’s gonna look like a brand new house. New flooring, new drywall. It’ll be beautiful. We got all new recessed lighting in here which is what people put in
the modern homes nowadays and here we are kinda
modernizing the inside. So, the outside will look old
and the inside will look new. I love the historic homes though because you got high ceilings. So, we’ll try to utilize
that height as much as we possibly can and we don’t
want to bring the ceilings down like a lot of the homes nowadays, we want to keep those high ceilings. And, so, what we did is eliminate, we will have a tub in the master bath. I always like to have at
least one tub in the house. But, nowadays, stand-up
showers are the thing to go. So, this is gonna be wrapped in glass. This is an awesome shaped, they called this a
neo-angel shaped shower. There we go, I got it. And, so, right now this is in
the plumbing rough-in stage, they call it. So, yeah, this is gonna look beautiful. It’s gonna be all tile,
glass shower door, vanity, Franklin is standing at the toilet and then your typical linen closet. Back in the day, every historic
home had a front porch. So, I would not recommend
this moving forward but when we bought the house, it already had the porch
enclosed so, at this point, it’s like, do you reopen it back up or do you utilize the space? So, we’re utilizing the space. So, technically, this is all front porch that is now being converted
into a walk-in closet and you can see all the
new installation here where drywall will be going, okay. So, this is gonna be a huge closet. The master suite. The master suite. Everybody’s favorite room of the house. At least, it’s mine, anyways. So, this used to just be a one-bedroom with a little bitty closet,
now it’s part of the addition. So, what used to be a window is now a door and it takes you out into
the master bath suite. So, wanna check it out? We’re gonna go through
what used to be a window. Ah! All right, so now we have,
just like you see on all of your new homes, brand
new construction homes, this is a brand new master bath suite. Now, this Franklin, will
have double vanities. This one will have double vanities. – [Franklin] Oh, good. – You can have your double vanities. – [Franklin] Thanks for
listening to me, I appreciate it. – That’s right. So, Franklin loves double vanities. All right, so– – [Franklin] It’s more functional. – I know, I see. So, we’re gonna have a
vanity here with two sinks. Here’s our tub, that’ll all be tiled. Actually, this whole
bathroom will be tiled. The whole entire floor, walls, everything. We actually enclose the toilet
room which every woman loves. Okay, people? Toilet rooms, they should be enclosed. It’s just, you gotta have it. You gotta do it. There’s no ifs or buts about it. And then this is the master closet which will have a pocket door. And that is a walk-in
closet so you can see here. All right, that’s it. That’s the master suite. I can’t wait til we get this done. – So, things to avoid whenever you’re purchasing
an historical property. So, whenever I’m purchasing any
kind of historical property, look, I’ll be straight-up with
you, if the price is right, I pretty well won’t avoid anything, okay? So, there’s always value in
something if the price works. If the property’s never been
restored and you are attempting to do a rehab on an
historical, I would run. I would not. It’s not something for anybody who just wants to start rehabbing and you’ve never done it before or you’ve only done one or two because there’s so many factors
in an historical property that people don’t think about. Number one, the pillars underneath and the foundation are,
literally, pillars. So, they’re literally these concrete slabs and they’re holding these pieces of wood that are coming all the way across and they’re actually on stilts, basically. Well, what happens is because Florida we live on a limestone, that shifts all the time
so through over 100 years, your property may shift the foundation. You’ve gotta learn how
to fix that foundation. You’ve also got, because of that, your flooring is gonna be off sometimes. So, now you’ve gotta learn how to actually float your floors
and do it the right way. The other thing is termite. So, termites normally don’t eat out of what they call redwood. So, historical properties,
they actually have redwood. They don’t have normal two by fours that almost anything
could eat through that. Redwood is difficult. That’s why you see a lot of the redwood is actually
in amazing condition because the density of
the wood is so hard, that a termite can’t even eat through it. Hopefully, you got
something out of this video. Again, we’re purchasing all the time here in Lakeland, Florida. For us, it’s fun cause we live here. And so, anything else
you want to add Bridge. – No, bring us some buyers. You might know some people
that want to buy this house. – It always sells within a week. I’m not worried about that. But if you’re thinking
about selling your property and you have a historical
property, definitely, if you have any kind of
questions, find us anywhere, Franklin Buys Houses or True
Fast Offer, True Investors, or find Bridget, myself on
any of the social media links and we’ll see what we can do. I’ll talk to you guys, bye.

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