Revealing How Much it Cost to Build My First House for a Rental Property!!
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- เผยแพร่เมื่อ 2 ส.ค. 2024
- How much does it cost to build a house?? This video is a complete cost break down on how much each part of the build.
I built my first house for a real estate investment rental property. I started the build on Jan 9th of 2023 and finished March 20th of 2023. It only took me 77 days! I built this house in north Houston Texas. It is a 1500 sq ft house with 3 beds and 2 full bath rooms and a 400 sq ft one car garage.
I completed this build without any guidance or mentorship whatsoever. I simply learned as I went. Obviously it is a large project for anyone to take on for the first time, but it went surprisingly smooth.
This is a video of the house tour where I show off the completed project. Yes I built on a budget, but I will continue to get better as a builder and I will take bolder steps to build nicer houses. But also, I have to keep in mind these only be for rental properties so I cannot go too crazy.
Now that I have completed my first build, I am starting a home building business, Robinson Builds LLC. I only plan to build homes to keep for my own real estate rental portfolio.
I plan to build at least 1 more house in 2023. What do you want to see more of from my channel?
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#homebuild #realestate #realestateinvesting - ภาพยนตร์และแอนิเมชัน
$226K total for those of you who don’t want watch the entire video
Thanks for ruining the surprise David! Jk
Bro. Thank you for sharing this!
@@livinginhoustontexas832 thanks for watching! Make sure to subscribe so you don’t miss the next videos!
I actually you putting all this together!! There people like me that love details
@@CaseLucasRobinsonjust found you off the algorithm. Good work man and great video
Great job. You really didn't underestimate too much. Nice looking house for $105/sf. Great finishes. The landscape, propane tank and the cabinets are what put you a little high of the budget. 77 day completion time is excellent on you first build. You also put together a great show. Good luck on your future builds and much success. A retired Houston area home builder.
Bro, I used a builder, I was pretty involved and I was basically getting bids from other contractors just to see if it worth hiring a builder or not.. and let me tell you you saved roughly $50k-70k . You already have a lot of equity in this house if you decide to sell it.
I was honestly happy with the builder and I actually left him a tip of $2500 credit. It is A LOT of work, and basically I couldn’t do it with my full time job. But it is very rewarding when it works out.. congratulations!
Thanks a lot!
Wow! Watched all the progression videos! Helped me get an idea on how things are going to go on my future build financially and visually. You gained a sub. Looking forward to more future builds since you said this would be your first! 💯
I will surely be posting much more contact Moving Ford on all my future builds. Thank you for the positive feedback and also thank you for the subscription! Let’s go!!
Thanks for taking the time to explain everything. I truly appreciate it 🙏
Love it! I just got land under contract here in Dallas and will be building a 4plex (first time builder). Thanks for breaking down all of your costs.
Thank you great job, I find your TikTok and rushed to TH-cam, this is just what I needed!!! Im new to the Houston area and your tips is a great start!!!
Perfect, more valuable content coming soon!
Thanks bro for all you doing!
Very good educational video!!
The fact that you are that precise with the cost tracking tells me you will do great. I love excel, never used builders software.
Great video, explaining the breakdown of costs... very informative, for people who have never gone through the entire process themselves! Earned my sub, keep up the great work.
Congrats bro, and we’ll done! I can’t wait until this channel blows up and say I was a follower when you had less than 1k
You and me both Chris! I really appreciate your support!
Wow nice work. I just learned a lot. I totally get it now how you target a completely different standard for the rental market, and you can hit it exactly if you build it yourself. I like your plan.
Thank you so much for the detailed video you made. You’re amazing, this helps me a lot in my build process. I like how you separated the cost of materials from the cost of labor for some items, I am a diy guy so I can approximate better by taking out the labor
Awesome, thank you so much for the feedback and also thanks for the support
Wow great info! Love it! Thank you Case
Great! Thanks for subscribing Shelby!
Not going to lie one of the best videos I watch of building the house the explanation was so perfect and explain every detail god job and the house also looks so good congratulations🙏❤️❤️
Thank you very much Oliver! That is some great feedback, more videos coming soon!
very awesome video !!!!
Great work..detail..detail... Thanks for sharing the research....
Thank you so much for this cost breakdown. I might be a bit of this budget because I’m in Ca 😅 but you gave me a great insight on what costs to expect. Liked and subscribed.
Awesome thank you Jose. I’m glad it was useful.
Thank you for showing the cost step by step!! Much appreciated!
Looks great Case, keep the videos coming!
Thanks! And thanks for watching Big Spice
I’ve been loving your videos Case! Keep sharing 🖤
I will, thanks for watching! More to come!
Looks so great! Love it!
Thank you Kaitlyn! :-)
I'm sure you already know, but the videos you make are priceless. You're thorough in everything you commit to do, and that kind of effort makes your videos as honorable as all of your other endeavors! Keep pushing your boundaries, and keep comparing yourself to yourself.
love ur vids
Congratulations bro your growth has came a long way keep up the amazing hard work bro can’t wait to see what you do next !.
Thanks Roy!! Let’s go! Thanks for subscribing!
No problem bro !
Love you Lucas. Waiting for your next build video.
Coming soon
Lucas what an explanation. Great content. I wish you had excel template link. But really nice
Love this keep it up
I will, thanks for watching!
Immensely informative and helpful video.
Thanks a lot! I will continue to post videos just like this!
AHHHMazing work and detail. You have what it takes to reach your 10 Million goal WAY before the age of 35! Thank you for hating this very important information
Awesome keep it up
I certainly will. Thanks for watchin!
Great video, thanks for sharing.
Of course, make sure to subscribe because i have many more coming about my next home build!
@@CaseLucasRobinson I subscribed and shared video with my co-worker. Great content
Great video! Very inspiring. How would you go about handling cabinetry the next time around? It seems like they know how to gouge a newbie
Great video
Thank you Natnael!
Click here to see how I used my "BBRRR" strategy on this build to get $228,000 back from the bank so that this build cost me $0: th-cam.com/video/5fSWuspIJGQ/w-d-xo.html
Im building my next house right now. What kind of content would you like to see on my next build??
I really appreciate the details. I'm just your average Joe no contracting experience at all and I wish. I had someone like you in my corner to help me figure this out. I went to a realtor and she discouraged the h*** out of me saying it would cost a quarter million. Just to put the foundation down so seeing something like this gives me some hope.
Stay tuned brother, exciting announcement for people like you coming soon
Man, your on your grind bro💪. Not only investing in real estate, but building a nice rental from scratch, AND documenting the process while breaking down costs,
I salute you Good Sir🫡
Thank you Grand!
$1.50 per sq ft for LVP installation is great. My aunt recently paid lik $3.50 - $4 in east TN
My new favorite channel! I'm in the woodlands and wish I could come talk to you since I'm wanting to be my own GC
RRR, that’s awesome, I’m very close to you actually ha ha. I’m very glad that you like the channel and I have more good contact coming soon. Maybe one day we can set that up
@@CaseLucasRobinson seriously badass channel. Your videos have pretty much all the content I could need.
$105 per sqft is INCREDIBLE! Very impressive!
My guess is you’ll refi for the equity to do it all over again or maybe bigger next time?
That is exactly right, I’m in the process of refi now. I’ll start next project in 1-2 months!
@@CaseLucasRobinson brother you’re on the way it’s beautiful to see! I have the exact same strategy and also love spreadsheets 🤣 I have 2 under my belt in vegas and I’m looking to fly to find the next few
I’d love to shoot the shit with another certified hustler haha ✊🏽
Swap tips and stories 😂
Selam Wealeykum brother, thanks!
im here from Tik Tok as well
Lets go Michael! Love that! Make sure to subscribe; more content coming soon!
Great videos Case. Im in Colombia now, and trying to follow all your videos (i mean in english hehe). I would like to learn about this strategy to build small house in the future in USA. keep going!. how much is it cost this house to sell?
Thanks for the great video, very helpful to see the cost breakdown! Can you share where you got lumber from and what brand cabinets you used (they look great!). Thank you
THANK YOU for watching! I got bids from McCoy's, Builders first source and then also 84 Lumber. Ultimately 84 lumber had the best prices so I purchased from them! and The cabinets are European style purchased from Asia cabinetry in Houston tx.
Thanks for your prompt response. Looking forward to more informative videos from you!
@@aswanikumaralavala of course, thanks for subscribing, I won’t disappoint!
Great video and congrats on a job well done! Don’t have the cash you have, but wonder if I could do the same with a home equity loan I have with my current house.
This is fucking awesome!!!!!
Thank you!!
Hi!
Love your videos! I have learn a lot. It is nice to watch someone start from scratch and open about the number.
Now…! How much did the house end up appraising????
Thank!
305k
Great video! I think you're at $132/sf. typically the total square footage is calculated based on finished area, not the garage. at least thats the industry standard in the midwest. you mentioned 1,500 finished in the video. great breakdown!
Great video! I don’t know how much rent is in Houston for a house like that, but it might have been cheaper to just buy a house to rent it, rather than build one, for a better ROI, in terms of paying back your money faster.
I think it is better this way. I am making a video on the increment next. I’m interested to hear your feedback once I post it! Stay tuned!
Was a good breakdown , two questions, do they charge in your municipality to get your C/O paperwork and sticker ? The other I think I got ya on one item you missed, I see you have house numbers for emergency services but looking at neighborhood didn’t see mailbox cost ? Which may not be required but I would imagine given others . Area seems pretty lax on the elevation approvals per other house elevation right. You raising your lot that much makes tricky to not have conflicts with shedding your water . Even tho you were the low lot. Be interesting to see how it all diverts with the swells. I assume no HOA approvals either. As always don’t forget to add extra sleeves concrete walks or drive . Future irrigation or low volt , landscape lighting ect. Also what are the comps in your area ? Be interesting as well
👍
Whats the market value after you finished ? Good Job managing the whole construction
Here from tiktok live
Let’s gooo love that!
Question. My dad is a retired contractor so I grew up helping him do everything. I'm getting ready to build my own house, I know how to do pretty much everything except one area that I never fully understood how to do. That is laying the house on the lot, then once the basement is dug how to lay out the footers and put the rebar in the footers and get ready for the concrete to be poured. Who do you hire to do that and what is it called? Dad always did all of that he never hired anyone to do that part.
Thanks for the transparency.. are you planning to do a cash out refinance?
Yes I am! I am in the process of doing so now!
Thanks for watching!
Was all this shopping for estimates or was this just one call with no shopping around ?
Also was all these guys u guys to work for you was your personal guys?
Or home depo finds?
Just need to know and for us all, where did u get the crew to do a job well done !
Thanks and great videos
Wow. What a great price. Only issue gotta have 230k cash in hand! Lol
That is correct. Make a lot of $ and save up for a couple years!
Great video, thanks for this! Did you need to have a license to be able to act as the owner builder?
Many of those costs are so cheap. 2k+ for tile? People charge 15k per bathroom remodel. 2k for floor install? Thats what they charge per room. You got an amazing unbelievable deal or you know contacts or trade partners who work with you lol. Would you work as a construction manager and build more homes out of state? I’m planning to start my own business and start building but don’t have much experience with all those trades
I met all of the subcontractors about a month or two prior to starting to build.
And I probably would not work as a construction manager, and build more homes out of state and less pay was extremely high. Hopefully my contacts helps. You learn more about building so you will have the ability to do so with your new business!
Thank you very much for watching.
@@CaseLucasRobinson cool good decision. Good luck with future. Hope i can learn from you
I’m from TikTok
Let’s go! Let me know what you think of cost breakdown. It will be different in your part of the country for sure
Bro! I’m paying 650k for a duplex! I think I want to build a place too but I think it will be double atleast to do it here in Alberta Canada
Yes it very well may be!
@@CaseLucasRobinson can you come build a house for me? Take A 100k for yourself lol.
Any tips on how/where to find the land?
For the credit card, did you put purchases on there, then pay it off the same month? Or is a builders credit card different than standard credit cards?
How did you finance the initial aquisiton of lot and materials?
Where did you get your plans from ?
Great video. Very impressive what you were able to do. If you don’t mind me asking, after you seller refinanced; What will be the net you profit monthly with rent after your mortgage payment?
Interest rates directly affect my monthly payment and since interest rates are high at the moment, my monthly payment will be kind of high. So my payment will be $2300 ish and it will rent for $2500.
So yes a very small profit but over time rents will increase and also interest rates will fall back down and i will make larger cash flow or profit
@@CaseLucasRobinson Appreciate the response! You did a great job with the entire project, love the transparency. In the northeast, it’s impossible to get land for that price and I’m assuming the labor/material will be a lot more. 😭
I’m in the planning stages of my build in Dallas and curious how did you ensure the quality of the work from the subs especially bigger items like foundation, framing etc? Since this maybe the only work they may be doing for you they may do shoddy work and never respond to text/call once they get paid.
Great question! So for the major trades like electrical, plumbing, Hvac, etc, I made sure that sub contractors carried insurance and had correct licenses. On the foundation, I used an established local company that does a lot of new construction houses in the area. For the framing, I only used a small contractor who had one crew. But I met with all subs prior to starting the work to vet them as much as possible and to also establish a good relationship with them to make sure they were a good fit. I would ask them questions and test their knowledge.
To answer your question specifically, the main way I accredited the subcontractors to be worthy is in which the process on how I found them all. I found all of the subcontractors by going out and searching in new tract home developments. These developments consisted of nice 3-4k sq ft houses with very nice home building companies. Basically I heavily relied on the assumption that if the subcontractors had the credentials, skills, ect. to work for those large home builders then I was sure they would be able to execute my small build. And it worked out!
I made a video about how I found my subcontractors, you should check it out!
And to be honest, my house was very simple and basic. It did not require a special level of skill on any trades. So I was comfortable trusting the level of skill of those contractors. Now if I am building my dream home that is 10k sq ft with custom carpentry and difficult foundation layout and custom frame work, ect. I would have made sure to find contractors who had that level of skill maybe by going out to developments where homes are larger and more custom. If that makes sense!
@@CaseLucasRobinson That's exactly what I did when I started. I did get ripped of by one concrete guy who turned out to be a crook. Cost me $20k. I wrote him the final check on completion of the slab and he stiffed the concrete delivery company. Live and learn.
❤❤❤
Did you have to get a builder license, or Contractor license in order to obtain the city permits?
How much is it worth if you list it for sale?
Can you make a course on how to build a house??
I am considering to help owners who want to build and save builder mark up of 20-40%
Please do it. The good karma you will receive from us will be insane
@@CaseLucasRobinson please do make a course on how to build a house. Looking forward to it. Thank you
Hi do you offer mentorship’s? What state and city did you buy the land?
Hello Brian, I have received your emails. Thanks for reaching out. I will be offering that service in the coming weeks. Stay tuned and I will announce when it is available thanks!
...wow, is your cost tracker available? i would like to do research how it would cost me if i do the same here in my state.
It will be available real soon!
So you spent $226k to buy the lot and build. If you had paid a building contract, what do you estimate you'd paid in total for the same house? 15% more...so $257k? If you sold, what do you estimate you could sell for?
What's the sale valuevof the house and what's the rental cost
$325 and $2500 a month
How much this house can rent for?
So is it cheaper to build? Because a home like this in Houston would go for 300k+
Correct way cheaper to build!
I know that your trying to expedite the process Case, but is there any part of the process where you can start your own particular subcontracting business with a crew (like you did with the roofing) like a cement business or a dirt work business, where you can save on the costs?
Theoretically speaking yes, but I do not want to get into the dirt and cement business
@@CaseLucasRobinson understood 👌 thanks. On an another note, don’t stop until you have 1000 houses Case, I want you to eventually pop out a new house every week, ok thanks bye 😊 also I feel like this is the part of your story before you become a centimillionaire (100 million) and I’m excited to see it. I just binged watched every one of your videos last night and this morning so I’m all caught up 👍
@@SkidMarkSmeller haha awesome, thanks for the support! I am with you all the way. I’ll keep the content coming Dixon. Thanks!
Thank so much for explaining the process of Building this House 🎉🎉
How much is the house worth now?
what license required to be a owner builder?
i would like to build my own ICF HOME
So im also in Texas and this got me thinking about building vs buying. How did you save up 200k+ to build a house though? That's more than 4k being saved per month for over 4 years straight... I don't even make 4k a month
Great question, get a higher paying job. I would recommend getting some kind of sales job. I sell roofs going door to door.
You can make over 100k easily in 4-5 months out of the year selling pest control during the summer going door to door.
I would recommend you getting a higher paying jobs, preferably something in sales that way your performance determines your pay.
Unfortunately mc if you are not making 4K a month, you will not be able to save up. Make a change and you can do it!
Check out my video on “how much i made in 2022” and you can gain some insight on how i was able to save.
@@CaseLucasRobinson Wow. I'm a senior in college so hopefully will make more soon. I have thought about doing car sales but I've been to a few dealerships that have dozens of salesmen and they said it's hard to compete sometimes. 100k in a few months sounds crazy though, even with a degree I don't think I'd make that in a year. I'll check out that video thanks!
Which state ?
What would the market value be if toubwere to just sell it?
$305k minimum
I know your getting yourself established atm, but in the future look into planting some fruit bearing trees and shrubs around the property. Renters luv fruit and will maintain their yard
🙏💯🔥
Wait renters will supply their own washer dryer and refrigerators in Texas? And you rented it for like $2500 wow
I only got like 20k and 780 credit score
Well you are on the right track!
@@CaseLucasRobinson as a first Time home buyer I need more money huh
@@Robert-jx8nr depends what you are trying to do? Build a house? Buy a house to live in? Buy your first rental property?
@@CaseLucasRobinson I’m trying to buy my first home brother and I live in Texas near the Dallas/Fortworth area
How long did it take for permits and how much?
I’m pretty sure the permit was less than 100 bucks, and the whole permitting process took me less than two hours of my life. I just realized I left that out of the cost tracker, but it was such a small cost that it’s not a big deal. I walked into the county and got the permit and walk right now.
@Case Robinson Very cool beautiful home good job! Did you have the house appraised?
You be able to build in Virginia
People don’t know just how much game your putting them on with this video. Respect for not keeping it all to yourself
Thanks Carlos!
Nice Tik toks
Thanks Trev!!
How did you do this at a young age and without loans
I took a risk and just did it! Now I have the experience to continue!
I think they are asking about the actual details. Did you save all that money, already have that money, put it on a credit card, finance everything with the individual company’s with little interest?
@@lilpotato777he will never answer that question 😂
Dang, only $900 to redo the paint. Seems like double the work for 1/10th the price?
Would you mind sharing the credit card you used for the 60k charge
It’s the business ink chase card.
I received one in the mail, im on the fence 😂@@CaseLucasRobinson
What is the value of the house?
325-335k
That’s good bro, thanks for the breakdown. How much can you rent that house?
@@user-dw5bf8lk9h 2500
What is the flooring??
Luxury vynil plank
Yes, I know what type of flooring it is. But what is the name of that particular flooring from flooring decor. Currently looking at something similar from flooring decor & wanted to see what it was per square foot & if I liked it was looking to purchasing it.
@@kacyguettler3008 lmao Goodluck then.
Lol okay bud. 👍🏼
@@CaseLucasRobinsonit’s spelled “Vinyl”.
Also, he’s asking for the name of the particular LUXURY VINYL PLANK flooring that you are using. We have already gathered as much information about the flooring you’re using from your video, such as the fact that it is LVP, from floor and Decor, what you paid for it, what brand it is & roughly what you paid per square foot.
I’m not sure if you’re gate keeping or just didn’t understand the question so I figured I’d help you understand. WHAT IS THE NAME OF THE LVP FLOORING YOU ARE USING?
What makes you a tycoon?
And how did you do it?
Idk, I just put it
Watch all my videos to see how i did it
@@CaseLucasRobinson I was just wondering what it meant. Nice content though bro keep em commin!
All the money was out of pocket? 😮
I want to meet you to built a new singal car garage in kitchen and one in Saskatoon give your no please
Labor is cheap in Houston, hopefully the workmanship doesn’t reflect that
Jesus, so much planning to build a house. You definitely need to do your research before execution
Haha planning helps execute for sure