EPISODE · Apr 10, 2026 · 55 MIN
"The Pad Split Strategy That Generates $7,200/Month From One House (Full Walkthrough + Numbers)"
from Flipping Out · host Paul Lizell
In this video I walk you through a complete pad split conversion from start to finish -- before and after photos, the full rehab breakdown, and the real numbers on what this property generates every month.This was a hurricane-damaged home I bought and completely gutted. New roof, new framing, new electrical, new plumbing, new HVAC -- the whole thing. I put $260,000 into the rehab and converted it from a 4-bedroom/2-bathroom into an 8-bedroom/4-full-bathroom pad split that now generates up to $7,200/month fully occupied.Last month with 6 of 8 rooms filled I netted $5,872 -- against a $2,500 mortgage. That's real cash flow.We also cover my second pad split conversion in Port Charlotte where I'm converting a 3-bed/2-bath into 5 bedrooms -- projecting $4,200-$4,300/month vs. the $1,870 I was getting as a single family rental.Then Michael Nyszczot walks through a complete step-by-step guide to renovating a house flip the right way -- from analyzing the deal, building your scope of work, hiring the right contractors, pulling permits, and the exact order you should be doing the work.What we cover:Full before and after walkthrough of an 8-bedroom pad splitThe real numbers -- rents, mortgage, expenses, and net cash flowHow to finance a pad split the smart way (BRRRR strategy)Best markets for pad splits right nowHow to convert a garage into a legal bedroomStep-by-step rehab guide for house flippersRules of thumb for paint, flooring, vanities, and countertopsHow to find the right contractors using your real estate agentPermits -- what you need and what you don'tThe right order to do renovation workCommon mistakes that kill your profitResources mentioned:PadSplit platform -- padsplit.comHUDhomestore.gov for finding dealsAuction.com, Xome, Hudson Marshall for REO propertiesConnect with Paul: 🌐 paullizell.com 📘 facebook.com/paullizell 💼 linkedin.com/in/paullizell
What this episode covers
In this video I walk you through a complete pad split conversion from start to finish -- before and after photos, the full rehab breakdown, and the real numbers on what this property generates every month. This was a hurricane-damaged home I bought and completely gutted. New roof, new framing, new electrical, new plumbing, new HVAC -- the whole thing. I put $260,000 into the rehab and converted it from a 4-bedroom/2-bathroom into an 8-bedroom/4-full-bathroom pad split that now generates up to...
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"The Pad Split Strategy That Generates $7,200/Month From One House (Full Walkthrough + Numbers)"
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