Leave me your thoughts, comments, questions below! Free Land Due Diligence Checklist: RehabValuator.com/land 4 Duplexes Real Costs Video: th-cam.com/video/-y7XbGWNz6w/w-d-xo.html The Software Used In This Video is called Rehab Valuator. It does everything from deal analysis to lender presentations to full project management and tracking! Get 2 Week Test Drive Here: RehabValuator.com/trial
@@RehabValuator Yes indeed! I used your software to get a higher appraisal amount too. Sent the appraiser comps from your software and they raised the appraisal amount 💪🏾
Congratulations on your wedding anniversary. May the journey ahead be filled with love, lots of money, good health and beautifully-raised children, grand-children and great-grand kids. Thank you for all you do!
What a great job, I congratulate you. For the last 30 years as a general contractor I have dedicated myself to developing income producing properties in different cities, as long as market conditions allow it. I would like to exchange some experiences with you.
หลายเดือนก่อน +5
@ 43:06 I think you did the right thing by spending all the extra money on the balcony. If you had cut corners and say there was a party and a lot of people are on the balcony and it collapsed, you would be legally liable big time for cutting those corners. Also had you used wood or other materials you would have to replace those decks over time as they rot or get worn.. the cement and metal will last a whole lot longer so its basically doing it right the first time and not having to do it over again and costing a lot more down the road is actually cheaper in the long run even if its expensive up front.
@@RehabValuator Instead of using wood why not use the artifical decking which is lifetime and Sturdy. No maintenance and last for many years. Is there a reason why that type of material was not considered?
Wow, this is incredibly informative! 🙂 I really appreciate you sharing your journey with us. This is definitely inspiring for anyone looking to take on a similar project!❤
Hi, just been introduced to the channel yesterday I think you are adding a great value and was wondering if this material you are providing could be applied in Canada or just in USA?
Yes absolutely, though every market is different in terms of development feasibility, zoning etc. But there's plenty of real estate development happening in Canada :) I was in Toronto a year ago and that city, for example, is exploding
Daniil, thank you for all the valuable info on building. I notice you have no half baths in any of your units which usually come in handy if tenants have guest. Have you gotten any feedback from tenants over the years?
Half baths are a nice touch but we don't find that in our units it's worth the cost. It also eats into livable space. We typically make at least one of the baths accessible from public areas of the unit (living space) and that works just fine. If you have room and $ to add half baths, then definitely do it
Holy Cow had no idea siding would cost more than plumbing, and nearly as much as electrical and concrete costs. That's insane. The overbuilt balcony is a Plus I love seeing it. The roof you said you could have went with a simpler design towards the end of the video. My question is was there a specific reason you originally decided to go with that design? Having a Parapet wall that only covers two portions of the roof seems kinda strange.
I agree - the roof could be simpler here. It's part of the look and the architectural design so we went with it but if I build this building again I'll probably simplify the roof design.
Hey, Im a New Real Estate Developer here as well.. I'd love to see a video on your 16 unit across the street. Cost & returns broken down.. I just finish 4 residential code tri plexs, 12 units in my area & my next project that I already have land for is 24 units commercial. Id love to see how you did your 16 units so I can learn . Thank you
Love your stuff! I was wondering if you have covered how to get reliable tenants and what that process looks like? I'm planning on building a triplex or quadplex and living in one of the units as a first time home buyer hoping to take advantage of an FHA construction loan; however, I'm concerned about the amount of time it may take to get tenants in the door. Can the schedule for when mortgage payments start after construction completion be flexible?
We have covered that in one of our Inner Circle trainings - specifically on leasing and property management. It's available along with about 4 years of other archived trainings if you sign up: RehabValuator.com/inner-circle
Excellent content. Do you have a video analyzing the cashflow for this project? I'm working on a possible triplex but numbers aren't looking so good so far. Also, how did you address parking?
It cashflows clean about $600 per door. What kind of cash on cash return are you seeing in your analysis? These days if I am hitting anything north of 6-7% during first year, it's good enough. Cost of construction and cost of $ are still high but over the long run these projects are awesome wealth builders
@@RehabValuator Right now I can't even get it to pencil. Total cost of $825K (hard and soft plus land). Lot is 50x100. Midblock. 3 units, 2/2.5, 1100sf. Rents at 1,800 ea (San Antonio). What are your units renting for in Richmond?
@@ramgonzales8079 run it through Rehab Valuator (follow the training in my other videos). You can even use the free version for the analysis. Curious what your cash required and cash on cash will be. Your rents are probably a little low. The 1100sq ft units in this building rent between $2100 and $2400
I live in Richmond, know that exact spot, am also looking into building on a skinny lot lol. small world. The property Im looking at is barely under the needed size for zoning and would need an exemption from the code though which is risky.
Hi I just found you today. I want to get into incremental development/ missing middle housing. I believe your videos will be valuable to be so thank you!
Awesome. Missing middle housing and incremental development is exactly what we focus on both in our business and in teaching so you're in the right place!
Great video as always . So if I watched it correctly did it cost you 164k to build and what is the arv? Are you self financing or using new construction loans? Are you getting 3-4 quotes on each trade or already have ppl in place from past projects ?
Hello Danil, Thank you for this great content. You explained in a prior video that you used to work in finance pre 2008. Did you earn your general contractors license after you left corporate....how did you get your foot in the door doing rehabs and new construction? Are you self taught? Thank you Danil
@@RehabValuatorHow did you learn the skills for construction rehab? Did you teach yourself? Did you have a mentor? Did you earn your contractor license to dive into residential rehab? Thankyou!
@@tw2800 I learned by doing. Started with small rehabs, asked a lot of questions, learned, scaled. Don't be afraid to ask questions even if you may look dumb. I am still asking questions all the time and learning!
Quick question, the map you show towards the end of this video does the local part represent the county? City? or both? For instance, would one need to know the codes/ordinances for all three in a State like CA where I live? Thank you
What's the average cost to build per square foot we should be underwriting at for residential builds? I'm in eastern Washington/north Idaho, so somewhat average build costs. Not as expensive as Seattle, San Francisco, LA etc. Thanks!
If your build costs are similar to ours, we're building residential between $125 and $140/ft depending on finishes, who is GC'ing, etc. Have you seen this video? th-cam.com/video/-y7XbGWNz6w/w-d-xo.html
Your videos are exactly what I have been looking for as far as detailed breakdowns of rental properties. My concern is timeline. How long does it take to get your budget numbers? Feels like it could take a year just to get your price per square foot math ready? What is your normal timeline for crunching numbers?
It's always harder the first time. Once you do your 1st project, you will have a much better handle on TRUE costs in your market and estimating future projects will get easier. In the meantime, if you check out the pre-built templates we give you inside Rehab Valuator Premium, they get you about 70% there at least initially with scopes of work and rough pricing: rehabvaluator.com/apartment-building-construction-template
In addition to my comment above, if you simply take a 80-90% ready set of plans to GCs (good GCs) they can estimate the project within a few weeks and give you full bids. That's an alternative vs. doing it all yourself.
Great info but how does it apply to the bottom line we are in the business for, did you profit? What was your lending set up? Are you in positive cash flow at completion or are you at a negative until a certain amatorized period? Thanks
Great questions. That was beyond scope of this particular video but this building cashflows net over $2,200/month. I have a 6% mortgage (12 months through construction and then fixed for 5 years)
@@RehabValuator $200k per building, it’s not to good to be true 😂 it’s the type of construction I am using that’s saving me so much very popular in the south and the area is not expensive for labor. I sourced my own materials and the town does not have crazy permitting processes or costs, also the rental market is very strong but the most I could rent these units for is $1250 a month unless I market to the influx of people moving from out of state.
@@riumudamc4686$200k per building which has 4 units in it, please research post framing construction and how affordable and flexible it is. Also it’s because of the area I’m doing it in, to do this in my old city of Philadelphia it was going to cost over $700k to do 1 building
@@legacyrydeshare3478 lots of stuff in the pipeline! Are you on our email list? I host private developer masterminds occasionally and we walk current projects.
Hi, I was under the impression that quads qualified as residential, that it is anything larger than a quad that would cause it to go over to the commercial side? Is that based on location? My knowledge is limited, so forgive me if this is a silly question.
$6/sq ft for framing labor sounds like a pipe dream to me. The quotes I'm getting in San Diego are $17-22/sq ft! Thanks for transparently sharing your process as always.
@@RehabValuator Some of it is. Most won't even entertain the conversation because I am providing lumber myself. They markup the materials by double on top of that crazy labor rate.
@@RehabValuator I've been gone (TX + AZ), I just got back to build these 4 duplexes on this property I've owned for 5 years ;) Too bad I'm a surfer addicted to waves
@@RehabValuator unfortunately in my experience they will leave them closed all the time for privacy, which is unfortunate because of the planning and cost that goes into trying to provide ample natural light
FYI those floor plans are the intellectual property of the Architect. You own the drawngs not the design. If someone copies them the architect could sue them. If you have a good relationship with them, you probably shouldn't try to give their work away to others for free lol. Other than that, awesome video.
@@jacobkozlow it nets about $600/door. Decent upfront sweat equity but nothing crazy given the high costs. Long term it'll do great but initial cash on cash is roughly 8%
@@RehabValuator Malcolm never hurts to ask, but might hurt when he answers, he is a very busy man, as Daniil suggests read all his articles and watch all his videos--a treasure trove!
You're architect building designs are ugly you want natural lighting in a city where the majority of the time the Windows blinds will be closed for privacy living in a 20 ft wide apartment nope😂
Are you still looking for land/lots in Richmond? I may have some you would be interested in. If so how can I contact you? Andre Bell Associate Broker ICON Realty
![สาวเมืองเพชร - ธีเดช ทองอภิชาติ [Official MV]](http://i.ytimg.com/vi/kEt7F9PvO3I/mqdefault.jpg)
Leave me your thoughts, comments, questions below!
Free Land Due Diligence Checklist: RehabValuator.com/land
4 Duplexes Real Costs Video: th-cam.com/video/-y7XbGWNz6w/w-d-xo.html
The Software Used In This Video is called Rehab Valuator. It does everything from deal analysis to lender presentations to full project management and tracking!
Get 2 Week Test Drive Here: RehabValuator.com/trial
Thank you!
@@alpinismutilitar3886 you're welcome!
Im so interested in building me one i bought mines built already but i want to built my own@RehabValuator
The amount of value you provide for free is unreal. Thank you so much.
You're welcome! Glad you found the channel
This information is amazing for those who are trying to get into Multifamily! Thanks for sharing!
100%
Just built a duplex. Thanks for all you do 🙏🏾
That's awesome! Congrats! Got more coming?
@@RehabValuator Yes indeed! I used your software to get a higher appraisal amount too. Sent the appraiser comps from your software and they raised the appraisal amount 💪🏾
@@BJ-fu4zy love it!
Where did you build?
@@BJ-fu4zycan we see on google maps?
Congratulations on your wedding anniversary. May the journey ahead be filled with love, lots of money, good health and beautifully-raised children, grand-children and great-grand kids. Thank you for all you do!
Thank you so much!
Thanks. Building a second home for my family and look forward to using your spreadsheets
They're much more than spreadsheets! :) But yes, glad to hear it and reach out to us for help. We have awesome support
Thank you for being generous by sharing and teaching your experience and numbers.
You're welcome!
What a great job, I congratulate you. For the last 30 years as a general contractor I have dedicated myself to developing income producing properties in different cities, as long as market conditions allow it. I would like to exchange some experiences with you.
@ 43:06 I think you did the right thing by spending all the extra money on the balcony. If you had cut corners and say there was a party and a lot of people are on the balcony and it collapsed, you would be legally liable big time for cutting those corners.
Also had you used wood or other materials you would have to replace those decks over time as they rot or get worn.. the cement and metal will last a whole lot longer so its basically doing it right the first time and not having to do it over again and costing a lot more down the road is actually cheaper in the long run even if its expensive up front.
It's definitely sturdy construction. Not going anywhere. Will have to paint steel every 8-10 years but otherwise fairly low maintenance
@@RehabValuator Instead of using wood why not use the artifical decking which is lifetime and Sturdy. No maintenance and last for many years. Is there a reason why that type of material was not considered?
@@marykingdom-g2s we use composite decking all the time in other projects
Wow, this is incredibly informative! 🙂 I really appreciate you sharing your journey with us. This is definitely inspiring for anyone looking to take on a similar project!❤
Glad you enjoyed the video!
Always enjoy watching your videos. Thank you good sir!
Very welcome, Daniel!
Pretty cool I designed something similar for a arch design class years ago
Awesome!
Very excited to see a new project. My wife and I are watching your videos to learn how to do just this in Colorado
Awesome!
Me in colorado as well...join hands.
Everytime I get an email from Daniil, I stand to attention. So inspiring.
No need to stand to attention. Just click whatever I send you in the email :)
Definitely 👍🏾
Hi, just been introduced to the channel yesterday I think you are adding a great value and was wondering if this material you are providing could be applied in Canada or just in USA?
Yes absolutely, though every market is different in terms of development feasibility, zoning etc. But there's plenty of real estate development happening in Canada :) I was in Toronto a year ago and that city, for example, is exploding
Thank you, quads will work perfectly for my plan. 😃
Awesome!
Happy Anniversary ! You are blessed :-)
Thank you very much! Indeed
Daniil, thank you for all the valuable info on building. I notice you have no half baths in any of your units which usually come in handy if tenants have guest. Have you gotten any feedback from tenants over the years?
Half baths are a nice touch but we don't find that in our units it's worth the cost. It also eats into livable space. We typically make at least one of the baths accessible from public areas of the unit (living space) and that works just fine. If you have room and $ to add half baths, then definitely do it
Thanks a lot, Daniel. Happy anniversary.
Thank you!
Nice! Will Start in this in Sweden soon just need to work some capital up.
Let's go!
Holy Cow had no idea siding would cost more than plumbing, and nearly as much as electrical and concrete costs. That's insane.
The overbuilt balcony is a Plus I love seeing it. The roof you said you could have went with a simpler design towards the end of the video. My question is was there a specific reason you originally decided to go with that design? Having a Parapet wall that only covers two portions of the roof seems kinda strange.
I agree - the roof could be simpler here. It's part of the look and the architectural design so we went with it but if I build this building again I'll probably simplify the roof design.
Hey, Im a New Real Estate Developer here as well.. I'd love to see a video on your 16 unit across the street. Cost & returns broken down.. I just finish 4 residential code tri plexs, 12 units in my area & my next project that I already have land for is 24 units commercial. Id love to see how you did your 16 units so I can learn . Thank you
Will try to do that one next. Still auditing my costs!
@@RehabValuator awesome, thank you
Love your stuff! I was wondering if you have covered how to get reliable tenants and what that process looks like? I'm planning on building a triplex or quadplex and living in one of the units as a first time home buyer hoping to take advantage of an FHA construction loan; however, I'm concerned about the amount of time it may take to get tenants in the door. Can the schedule for when mortgage payments start after construction completion be flexible?
We have covered that in one of our Inner Circle trainings - specifically on leasing and property management. It's available along with about 4 years of other archived trainings if you sign up: RehabValuator.com/inner-circle
Amazing educational video!! Thank you for educating us!! 😄
You're welcome! Glad you enjoyed it.
Love the videos. Thanks so much for sharing!
You're very welcome!
This is exactly we are looking for.🎉
Glad you found us!
You are a blessing and an inspiration. Thank you. See you shortly
Appreciate the kind words!
Excellent content. Do you have a video analyzing the cashflow for this project? I'm working on a possible triplex but numbers aren't looking so good so far. Also, how did you address parking?
It cashflows clean about $600 per door. What kind of cash on cash return are you seeing in your analysis? These days if I am hitting anything north of 6-7% during first year, it's good enough. Cost of construction and cost of $ are still high but over the long run these projects are awesome wealth builders
@@RehabValuator Right now I can't even get it to pencil. Total cost of $825K (hard and soft plus land). Lot is 50x100. Midblock. 3 units, 2/2.5, 1100sf. Rents at 1,800 ea (San Antonio). What are your units renting for in Richmond?
@@ramgonzales8079 run it through Rehab Valuator (follow the training in my other videos). You can even use the free version for the analysis. Curious what your cash required and cash on cash will be. Your rents are probably a little low. The 1100sq ft units in this building rent between $2100 and $2400
Well done!
Thank you!
Real info. Thank you.
Glad it was helpful!
I live in Richmond, know that exact spot, am also looking into building on a skinny lot lol. small world. The property Im looking at is barely under the needed size for zoning and would need an exemption from the code though which is risky.
Small world!
Hi I just found you today. I want to get into incremental development/ missing middle housing. I believe your videos will be valuable to be so thank you!
Awesome. Missing middle housing and incremental development is exactly what we focus on both in our business and in teaching so you're in the right place!
@ what type of teaching? Is it a program or are you taking about the TH-cam channel?
@@TheDanMan06 youtube channel. I am working on something more formal for next year also - fyi
Great video as always . So if I watched it correctly did it cost you 164k to build and what is the arv? Are you self financing or using new construction loans? Are you getting 3-4 quotes on each trade or already have ppl in place from past projects ?
No. It cost just under $1m to build and ABV is roughly $1.3m. Yes we get multiple bids on everything :) Always
Thank you for your wisdom♥️💯 GOOD WORK‼️
You're welcome!
It’s the same building code for quad in LA as well but the 3” fire meter costs me 70k for the fourplex
Yikes!
I love watching all your videos
Glad to hear it!
@RehabValuator You make very nice videos
When will you upload the next video?@@RehabValuator
Soon! :)
@@RehabValuator I always look forward to your videos
What software are you using for your construction budget?
It's in the video :) Rehab Valuator Premium. You can see the project management capabilities here: rehabvaluator.com/project-management
Good job
Thank you!
Thank you for educating instead of entertaining.
I look forward to the rest of your videos and eventually your programs
Thanks for watching!
Hello Danil,
Thank you for this great content. You explained in a prior video that you used to work in finance pre 2008. Did you earn your general contractors license after you left corporate....how did you get your foot in the door doing rehabs and new construction? Are you self taught? Thank you Danil
After 2008 I got in the game doing one house at a time, all rehabs. Grew from there.
@@RehabValuatorHow did you learn the skills for construction rehab? Did you teach yourself? Did you have a mentor? Did you earn your contractor license to dive into residential rehab? Thankyou!
@@tw2800 I learned by doing. Started with small rehabs, asked a lot of questions, learned, scaled. Don't be afraid to ask questions even if you may look dumb. I am still asking questions all the time and learning!
Great insight, thank you!
You're welcome!
Really nice.
Thank you! Cheers!
Is it possible to build this and live in one while renting the other 2? Do you recommend that model?
In this case it's 4 units so you could live in 1 and rent out the other 3. Absolutely doable.
@@RehabValuator My apologies, I missed the 3 key - LOL! Thank you for the quick reply and feedback!
Quick question, the map you show towards the end of this video does the local part represent the county? City? or both? For instance, would one need to know the codes/ordinances for all three in a State like CA where I live?
Thank you
Awesome video! What is the average rent for each unit?
Between $2k and $2400/month
Great video
Thank you!
Wow; steel and concrete balconies.
Outstanding
Glad you think so!
What's the average cost to build per square foot we should be underwriting at for residential builds? I'm in eastern Washington/north Idaho, so somewhat average build costs. Not as expensive as Seattle, San Francisco, LA etc. Thanks!
If your build costs are similar to ours, we're building residential between $125 and $140/ft depending on finishes, who is GC'ing, etc. Have you seen this video? th-cam.com/video/-y7XbGWNz6w/w-d-xo.html
Your videos are exactly what I have been looking for as far as detailed breakdowns of rental properties. My concern is timeline. How long does it take to get your budget numbers? Feels like it could take a year just to get your price per square foot math ready? What is your normal timeline for crunching numbers?
It's always harder the first time. Once you do your 1st project, you will have a much better handle on TRUE costs in your market and estimating future projects will get easier. In the meantime, if you check out the pre-built templates we give you inside Rehab Valuator Premium, they get you about 70% there at least initially with scopes of work and rough pricing: rehabvaluator.com/apartment-building-construction-template
In addition to my comment above, if you simply take a 80-90% ready set of plans to GCs (good GCs) they can estimate the project within a few weeks and give you full bids. That's an alternative vs. doing it all yourself.
Great info but how does it apply to the bottom line we are in the business for, did you profit? What was your lending set up? Are you in positive cash flow at completion or are you at a negative until a certain amatorized period? Thanks
Great questions. That was beyond scope of this particular video but this building cashflows net over $2,200/month. I have a 6% mortgage (12 months through construction and then fixed for 5 years)
I’m building 3 post framed quads in Tennessee right now. Costing me just under 200k each, that includes all the landscaping
Each unit is 1200 sq ft
@@leebstill $200k per unit or per quad? If it's costing you $200k to build 4800 sq ft, that sounds too good to be true
200k for 4 units? That seems very low. Can you clarify if it is for 4 units or per unit? Thanks
@@RehabValuator $200k per building, it’s not to good to be true 😂 it’s the type of construction I am using that’s saving me so much very popular in the south and the area is not expensive for labor. I sourced my own materials and the town does not have crazy permitting processes or costs, also the rental market is very strong but the most I could rent these units for is $1250 a month unless I market to the influx of people moving from out of state.
@@riumudamc4686$200k per building which has 4 units in it, please research post framing construction and how affordable and flexible it is. Also it’s because of the area I’m doing it in, to do this in my old city of Philadelphia it was going to cost over $700k to do 1 building
Great analysis! What is the projected gross income on this property?
It grosses about $9k/month in rents
Years later keep updated plumbing i am building side by side i hate a leak from inside down to unit under it was a headache to find the problem
“Let me hold something nephew” lol
Nice
I want to visit the finished product. Way to go pal…🇺🇸
All the units are leased so no more tours :)
@@RehabValuatorwe know you have at least 5 more in the pipeline…🤝
@@legacyrydeshare3478 lots of stuff in the pipeline! Are you on our email list? I host private developer masterminds occasionally and we walk current projects.
How can I get on the email list? @@RehabValuator
@@RehabValuatorare the private developer masterminds part of the inner circle membership?
Hi, I was under the impression that quads qualified as residential, that it is anything larger than a quad that would cause it to go over to the commercial side? Is that based on location? My knowledge is limited, so forgive me if this is a silly question.
I address this very specifically in the video. Building codes vary by state and even jurisdiction sometimes
$6/sq ft for framing labor sounds like a pipe dream to me. The quotes I'm getting in San Diego are $17-22/sq ft! Thanks for transparently sharing your process as always.
Holly cow! $17-22/ft just for labor? Is it unionized?
@@RehabValuator Some of it is. Most won't even entertain the conversation because I am providing lumber myself. They markup the materials by double on top of that crazy labor rate.
@@spec1147 insane. May be time to leave Cali! :)
@@RehabValuator I've been gone (TX + AZ), I just got back to build these 4 duplexes on this property I've owned for 5 years ;) Too bad I'm a surfer addicted to waves
Big difference between Richmond VA and San Diego
What are parking requirements in this area? That is always a limiting factor for me in Florida where I am
Richmond, VA recently waived parking requirements entirely but we still put 4 spaces in the back here
Who is this guy!? You can copy my plans if you want , illl show you all my costs
I love you , subbed thanks ❤
I guess I am proverbially "lifting up my kimono" :) If you know what I am saying....
I thought anything over 5 units was considered commercial code. Quads should still be under residential? Or does it depend on the state your in?
I cover that in the video. Building codes vary by state and sometimes by locality
Need to fix title. Great video
Good catch! Fixed it.
Do you run the project or do you hire a construction company?
For the time being I am hiring out 3rd party GCs on all projects
Is it a requirement to be licensed to do what you are doing?
Not to be a developer
@@RehabValuator Do you have a video how to start with your software for a noob? I have land already but need a basic overview.
@@familyhealthprep2771 let me know if this one is helpful: rehabvaluator.com/new-construction-tutorial
Unfortunately the windows will probably be covered with curtains or blinds for privacy. Semi-transparent curtain/blinds will allow some light through.
Sure but they can open up the blinds all the way and let the light in
@@RehabValuator unfortunately in my experience they will leave them closed all the time for privacy, which is unfortunate because of the planning and cost that goes into trying to provide ample natural light
So the cost per unit was about 40k correct?
Cost per unit to build? No, not $40k. I wish! :)
so how much in total did the entire project cost ?
It's in the video
@rehabvaluator so basically $200,000 for the whole build and land
@@Tyellisx no. Look around 16:45 at the very bottom of the screen in the "actual" column . $986k for soft+hard costs. Land was about $90k.
I am assuming a quad was still more profitable than just a duplex residential code
Yes absolutely!
How much was it?!
It's in the video....
no parking?
You gotta watch the video :) Parking in the rear
0:44 My guess = around 500k
Total construction costs? You were off :)
FYI those floor plans are the intellectual property of the Architect. You own the drawngs not the design. If someone copies them the architect could sue them. If you have a good relationship with them, you probably shouldn't try to give their work away to others for free lol. Other than that, awesome video.
I mean I basically came up with these floorplans and my architect drew them. He's a very good architect but I am not worried in this case
Really excellent total project description. Not inexpensive to build. A lot if knowledge required to do this sort of development.
Glad you're enjoying the content and thanks for the great feedback!
How to find a builder who can do this at this cost
Network. Every GC and sub I've ever worked with has come from local referrals.
I thought commercial was 5+ units?
Watch the whole video. Building code varies by state
You forgot to show the most interesting stuff: cash flow and percentages returns!
I'll see if I can do another video on it. Wanted to focus on construction here
@@RehabValuatoryes I thought this video was very good, just hoping to see that info and how it pencils out cashflow-wise as well!
@@jacobkozlow it nets about $600/door. Decent upfront sweat equity but nothing crazy given the high costs. Long term it'll do great but initial cash on cash is roughly 8%
@ ahhh I see that makes a lot of sense, and how do you typically finance these types of projects?
@@jacobkozlow local community banks. Got a bunch of videos on that too. Here's a good one: th-cam.com/video/8FeakI_WIlw/w-d-xo.html
I'm looking for a Real Estate Developer Mentor to help me get in the game. Can I pick your brain?
So hours of free training on here isn't enough and I need to give you my personal attention for free now too so you can "pick my brain?" :)
@@RehabValuator Malcolm never hurts to ask, but might hurt when he answers, he is a very busy man, as Daniil suggests read all his articles and watch all his videos--a treasure trove!
You're architect building designs are ugly you want natural lighting in a city where the majority of the time the Windows blinds will be closed for privacy living in a 20 ft wide apartment nope😂
Really appreciate your feedback. Post some links to projects you've designed or built. Would love to learn from your work!
ugly and poorly designed living areas.
Our first hater is finally here!
Are you still looking for land/lots in Richmond? I may have some you would be interested in. If so how can I contact you?
Andre Bell
Associate Broker
ICON Realty
Hi Andre. Yes still buying lots in Richmond. Shoot me an email at daniil@rehabvaluator.com. Thanks!