I buy properties that have rats in the cellar, holes in the roof, water damage, mold, and problems — I restore them.

1:55>> Yes. We're going to start with this place. So, where are we now? This is your house. >> 94 Bank Street. It's It's uh It's a project and uh but I'm living in it. So, look, I usually buy things that are that have rats in the cellar and holes in the roof and um water damage everywhere, mold, and and problems. But this one, when I walked into it, I was like, "This

2:16is cute. It's 180 years old. >> This is 180. >> 180 years old. I mean, it's super old. >> How much did you pay for this place? >> 55. >> How much money are you going to have to invest in it >> at this stage? Closer to six. >> How much can you sell it for? >> 17. >> Should we see it? >> Yeah, let's go in.

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2:48of different metrics about why the business is potentially interesting. And so, if you're interested in that, click the link below. Totally free. All right, now back to the episode. >> So, when I walked in, these these floors were shiny. I just, you know, it just glistened. I thought I love the floors. [music] I came in here. I love the fireplace. And speaking, we talked a little bit about buying the old

3:07furniture. Like, I'm really [music] not fancy. I love just stacking my I love living in the West Village which is which is super fancy but I I bring my the people are like you bring all that firewood in like where you going to put it like like this is the beauty of living in a in a house banged up is is >> it's insane that a home that's going to

3:25sell for $17 million you are uh >> that's not how they're going to use it. >> That's right. >> So when do you think this will be done this project? >> So [music] it's been two and a half years that I've been waiting for permits. You know it's landmark. >> Do you just sit and do nothing? No, it's it's a lot of work of architects, engineers getting u soil bearing bearing

3:43tests. You know, they've got to break up the the foundation down below in the in the cellar and I can show it to you and then they they want to see where is my neighbor's foundation, where's the footing, where where's my footing compared to their footing. >> But it's like uh just getting the permits and doing all this regulatory stuff. It seems like that's like the thing that