The Real Fortune Of The Bargain Block Guys Revealed

How much are the Bargain Block guys worth? They're sitting on a gold mine!

The Bargain Block guys, Keith Bynum and Evan Thomas, are two real estate investors who star in the HGTV show Bargain Block. The show follows the duo as they buy and renovate dilapidated homes in Detroit, Michigan. Bynum and Thomas have been friends since college, and they started investing in real estate together in 2012. They have since renovated and sold over 100 homes in Detroit.

So, how much are the Bargain Block guys worth? According to Celebrity Net Worth, Keith Bynum has a net worth of $1 million, and Evan Thomas has a net worth of $500,000. This means that the Bargain Block guys have a combined net worth of $1.5 million.

Bynum and Thomas have made their money through their real estate investments. They buy homes in Detroit for a fraction of their market value, and then they renovate them and sell them for a profit. The duo has been very successful in their real estate ventures, and they have helped to revitalize several neighborhoods in Detroit.

In addition to their work on Bargain Block, Bynum and Thomas also own a real estate investment company called Detroit Property Group. The company buys, renovates, and sells homes in Detroit, and it also offers property management services.

Bynum and Thomas are two of the most successful real estate investors in Detroit. They have made a fortune through their smart investments, and they have helped to revitalize the city of Detroit.

How Much Are the Bargain Block Guys Worth?

The Bargain Block guys, Keith Bynum and Evan Thomas, are two real estate investors who star in the HGTV show Bargain Block. The show follows the duo as they buy and renovate dilapidated homes in Detroit, Michigan. Bynum and Thomas have been friends since college, and they started investing in real estate together in 2012. They have since renovated and sold over 100 homes in Detroit.

• Real estate investments
• Detroit property market
• Home renovations
• Business ventures
• Net worth
• Philanthropy

The Bargain Block guys have made their money through their real estate investments. They buy homes in Detroit for a fraction of their market value, and then they renovate them and sell them for a profit. The duo has been very successful in their real estate ventures, and they have helped to revitalize several neighborhoods in Detroit.

In addition to their work on Bargain Block, Bynum and Thomas also own a real estate investment company called Detroit Property Group. The company buys, renovates, and sells homes in Detroit, and it also offers property management services.

Bynum and Thomas are two of the most successful real estate investors in Detroit. They have made a fortune through their smart investments, and they have helped to revitalize the city of Detroit.

1. Real estate investments

Real estate investments are a major part of the Bargain Block guys' net worth. They have made their money by buying and renovating homes in Detroit, Michigan. The duo has been very successful in their real estate ventures, and they have helped to revitalize several neighborhoods in Detroit.

The Bargain Block guys' success in real estate is due to a number of factors. First, they have a deep understanding of the Detroit real estate market. They know which neighborhoods are up-and-coming, and they are able to find homes that are undervalued. Second, the Bargain Block guys are skilled at renovating homes. They are able to transform dilapidated homes into beautiful, modern spaces. Third, the Bargain Block guys have a strong work ethic. They are willing to put in the long hours necessary to get the job done.

The Bargain Block guys' success in real estate is a testament to the power of hard work and dedication. They have shown that it is possible to make a fortune in real estate, even in a challenging market like Detroit.

2. Detroit property market

The Detroit property market is a major factor in determining how much the Bargain Block guys are worth. The city of Detroit has been hit hard by economic decline in recent decades, which has led to a decrease in property values. However, the Bargain Block guys have been able to capitalize on this decline by buying homes in Detroit for a fraction of their market value. They are then able to renovate these homes and sell them for a profit.

• Low property values: Detroit has some of the lowest property values in the country. This makes it a great place for investors to find undervalued homes.
• High demand for renovated homes: There is a high demand for renovated homes in Detroit. This is because many people are looking to move back to the city, and they want to live in a home that is move-in ready.
• Strong rental market: Detroit has a strong rental market. This means that investors can rent out their renovated homes for a profit.
• Government incentives: The city of Detroit offers a number of incentives to investors who renovate homes. These incentives can help to reduce the cost of renovations and make it more profitable to invest in Detroit real estate.

The Bargain Block guys have been able to take advantage of the Detroit property market to build their wealth. They have bought and renovated homes in Detroit for a fraction of their market value, and they have sold these homes for a profit. The duo has also been able to benefit from the city's strong rental market and government incentives.

3. Home renovations

Home renovations are a major part of how the Bargain Block guys make money. They buy homes in Detroit that are in need of repair, and then they renovate them and sell them for a profit. The duo has been very successful in their real estate ventures, and they have helped to revitalize several neighborhoods in Detroit.

The Bargain Block guys' success in home renovations is due to a number of factors. First, they have a deep understanding of the Detroit real estate market. They know which neighborhoods are up-and-coming, and they are able to find homes that are undervalued. Second, the Bargain Block guys are skilled at renovating homes. They are able to transform dilapidated homes into beautiful, modern spaces. Third, the Bargain Block guys have a strong work ethic. They are willing to put in the long hours necessary to get the job done.

The Bargain Block guys' success in home renovations is a testament to the power of hard work and dedication. They have shown that it is possible to make a fortune in real estate, even in a challenging market like Detroit.

4. Business ventures

Business ventures are a major part of the Bargain Block guys' net worth. In addition to their work on Bargain Block, Keith Bynum and Evan Thomas also own a real estate investment company called Detroit Property Group. The company buys, renovates, and sells homes in Detroit, and it also offers property management services.

• Real estate investment company: Detroit Property Group is a major source of income for the Bargain Block guys. The company buys homes in Detroit for a fraction of their market value, and then renovates and sells them for a profit.
• Property management services: Detroit Property Group also offers property management services. This means that the company manages rental properties for other investors. This is a valuable service, as it allows investors to earn passive income from their rental properties.
• Other business ventures: The Bargain Block guys are also involved in other business ventures. For example, they have a clothing line and a home goods line. These ventures help to supplement their income from real estate.

The Bargain Block guys' business ventures are a major part of their net worth. They have been able to build a successful real estate investment company, and they are also involved in other business ventures. This diversification of income streams has helped the Bargain Block guys to become financially successful.

5. Net worth

Net worth is the value of all of a person's assets minus the value of all of their liabilities. It is a measure of a person's financial health and can be used to determine how much money they have available to spend or invest.

• Assets
  

  Assets are anything that has value and can be converted into cash. This includes things like cash, stocks, bonds, real estate, and personal belongings.

• Liabilities
  

  Liabilities are debts that a person owes. This includes things like credit card debt, student loans, and mortgages.

• Calculating net worth
  

  To calculate net worth, simply add up the value of all of your assets and subtract the value of all of your liabilities. The resulting number is your net worth.

• Importance of net worth
  

  Net worth is an important measure of financial health. It can be used to track your progress over time and to make informed financial decisions.

In the context of "how much are the Bargain Block guys worth", net worth is a key factor in determining their financial success. The Bargain Block guys have a high net worth because they have been able to accumulate a large number of assets and have relatively few liabilities. This allows them to live a comfortable lifestyle and to invest in new business ventures.

6. Philanthropy

The Bargain Block guys, Keith Bynum and Evan Thomas, are known for their work on the HGTV show Bargain Block, in which they buy and renovate dilapidated homes in Detroit, Michigan. While their financial success is evident in the show, they also have a strong commitment to philanthropy, which plays a significant role in their overall net worth.

• Community involvement
  

  The Bargain Block guys are deeply involved in the Detroit community. They have donated money and time to various organizations, including homeless shelters, food banks, and schools. They have also participated in community cleanup events and other initiatives aimed at improving the city.

• Affordable housing
  

  The Bargain Block guys are committed to providing affordable housing in Detroit. They have renovated and sold dozens of homes to low-income families and individuals. They have also worked with local organizations to develop affordable housing projects.

• Education
  

  The Bargain Block guys believe that education is essential for success. They have donated money to schools and scholarships in Detroit. They have also mentored young people and provided them with opportunities to learn about the real estate industry.

• Historical preservation
  

  The Bargain Block guys are committed to preserving Detroit's architectural heritage. They have renovated many historic homes in the city, and they have worked to raise awareness of the importance of preserving Detroit's history.

The Bargain Block guys' philanthropy is an important part of their overall net worth. It reflects their commitment to giving back to the community and making a positive impact on the world. Their work has helped to improve the lives of many people in Detroit, and it has also helped to revitalize the city.

FAQs about "How Much Are the Bargain Block Guys Worth"

This section provides answers to frequently asked questions about the net worth and financial success of the Bargain Block guys, Keith Bynum and Evan Thomas.

Question 1: How much money do the Bargain Block guys make?

According to Celebrity Net Worth, Keith Bynum has a net worth of $1 million, and Evan Thomas has a net worth of $500,000. This means that the Bargain Block guys have a combined net worth of $1.5 million.

Question 2: How did the Bargain Block guys make their money?

The Bargain Block guys made their money through their real estate investments. They buy homes in Detroit for a fraction of their market value, and then they renovate and sell them for a profit. The duo has been very successful in their real estate ventures, and they have helped to revitalize several neighborhoods in Detroit.

Question 3: What is the Bargain Block guys' business?

In addition to their work on Bargain Block, Keith Bynum and Evan Thomas own a real estate investment company called Detroit Property Group. The company buys, renovates, and sells homes in Detroit, and it also offers property management services.

Question 4: Are the Bargain Block guys philanthropists?

Yes, the Bargain Block guys are philanthropists. They are deeply involved in the Detroit community and have donated money and time to various organizations, including homeless shelters, food banks, and schools. They have also worked to provide affordable housing and support education in Detroit.

Question 5: What is the Bargain Block guys' net worth?

The Bargain Block guys have a combined net worth of $1.5 million. This net worth is derived from their successful real estate investments, their business ventures, and their philanthropic work.

This concludes the FAQs about the Bargain Block guys' net worth and financial success.

Conclusion

The Bargain Block guys, Keith Bynum and Evan Thomas, have built a successful real estate empire in Detroit, Michigan. Their net worth of $1.5 million is a testament to their hard work, dedication, and business acumen. The duo has been able to capitalize on the Detroit property market and their skills in home renovations to turn a profit and make a positive impact on the city. Their commitment to affordable housing, education, and historical preservation is also commendable and reflects their commitment to giving back to the community.

The Bargain Block guys are an inspiration to aspiring entrepreneurs and real estate investors. They have shown that it is possible to achieve financial success through hard work and dedication. They have also shown that it is possible to make a positive impact on the community through business ventures.