How To Buy And Build Your First Real Estate Development
ฝัง
- เผยแพร่เมื่อ 18 ต.ค. 2024
- MG sits down with Vanessa Cole breaking down how to develop and build a home. This is a must watch episode for anyone looking to learn the game.
Follow Vanessa Cole on Instagram
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Thanks for watching!!
I’m up at nearly 1 am and this interview is definitely worth my time. I love how you just let her talk!!! Super hosting. ❤
This was a really good one. She's a smart businesswoman
This is the type of info people pay mentors for. I appreciate you guys dropping these 💎 here at no cost.
Facts. I literally just said this to my friend. This is gold! I wished Matt had asked her to expound on the process for adding the roads, the electricity, and septic tanks. Would have been really interesting to learn more about that part of it as well.
In the world of architecture and construction this all makes sense. I have been wanting to learn more about property development and how to get myself started with my background in architecture. This has been so helpful
Same
@@DESIGNSBYALICIA2 REPLIES
For newbies, be aware that this is a grossly oversimplified scenario. For one thing, you can't get a mortgage on an investment property without at least 25% down payment. Two, it's easy to see comps for house purchase prices, but it takes a lot of research to understand the comps on rent prices. The trick is to find a place where renting is more expensive than buying, but those places are less common because of this very type of scenario. Three, you have to remember that rent number he's using is supposed to be net income, not gross. So you have to think about costs for taxes, insurance, maintenance and vacancy when you're researching investments. All that said, real estate investing is a good tool for wealth accumulation. But it isn't foolproof.
Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance Long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser.
Interesting Josh. I've been thinking of going that route been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, do think your Inv-coach could guide me with portfolio-restructuring as i wouldn’t mind a recommendation.
Actually, I've shuffled through a few advisors in the past, and "Colleen Janie Towe” remains the most resourceful thus far. Her strategy proves profitable, and sustainable both in a bull & bear market. Most likely, her credentials can be found on the net, so you can confirm yourself.
I’m so excited about my Real Estate journey after seeing this podcast
this the best interview i have ever watched..... they just make her talk, so amazing....
I've started building my 1st house in Dallas... I wish I could have seen this 6 months ago. EVERYTHING she's saying is the truth. I am GCing this project and she is dead on with the narrative about the draws and the bank and the varying prices. Change orders can completely kill your deal & contractors work has to be monitored even if it passes the City inspection.
I bought land in Forney and was my general contractor too.
I'm in Dallas looking to get my first build going here soon as well
I>k🎉😮to a❤❤
I’m in Dallas getting started on a few projects as well. Would be cool to possibly link with you all learn from each other.
I’m also looking to build my first house as well. I’m in the Dallas area. Any way we can get in contact? It’s always great to have connections with people that have the same goals.
I've been following Vanessa since WAGS Miami, so happy to see this collab!! Such an inspiration & an absolute boss!
Wait she was on there? I used to live that show!
Vanessa Cole, this is quite an amazing, impressive and inspiring transition and business model. Congratulations and Thank you!! Excellent interview, thanks again Matt (& Tukes). 👏🏼💖
Victor Da Connector... What a freaking show... Vanessa Cole... You did an amazing JOB Finding this amazing Human Being... Let's Freaking GOOOOO!!!
I’m late but this young beautiful lady of color is very inspiring. I’ve been thinking about developing a affordable housing here in Dallas. Stay bless everyone.
As a bank employee! OMG This is the vison for me. I have outgrew and mastered the home lending process. I appreciate this clip sooo much
Three words: Bring Her Back!!!! We Want More Gemssss!!!!! lol.....The world of real estate developing is a high demand....the resources of how to get started, contracts with city/county, chick-fila strategy etc...... Love It MG & Rants and Gems!!!!!!! #KeepEmComing
MG you are creating a complete base of women doing the damn thing. All of them are of service as well. Believe in yourself and do the work.
What's the Dropbox? Hats off to you MG! Thanks for keep bringing the GEMS & Heavy Hitters! Y'all are giving me a lot to think about w this Portfolio! Today's Lessons: Affordable Housing & Development!
This is worth its weight in GOLD! Excellent material, its exactly what I needed to hear. Thanks for posting!
As someone who lives in Houston, this helps me understand why developments are happening at a lightening fast rate. Our grid is STRAINED. So another con is - affordable housing with rolling blackouts 😢
I'm a commercial/ residential builder out of Chicago suburbs. Great insight and wisdom. We need more of us helping our people. Great video.
I so needed to see this!! Thank you guys so much! I truly appreciate it! 💯
That estimates vs. actuals review is key!
Protect Entrepreneurs like her at all costs
This is great information! I start my first build in a couple weeks and I just learned a lot from her.
Thank You!
Hello, how is your 1st build going?
Ms. Vanessa is super dope. Met her at a developer summit HTX with Chris Senegal. Shes so down to earth, and she gave so much game.
The dude in black doesn't really know real estate/developing/construction.
She's schooling him for real...👏🏾
Y'all went into mortgage after dark. Crazy 😅😂😂
Lol we all here
"Vanessaaaaaa! That's a WHOLE different podcast!" LOL
How do you go about finding reasonable and reliable builders.
This young lady is so on it with her blueprint or Chic-Fa-la model. As a former builder of a custom homes in Atlanta, knowing your profit margin per build is extremely important. I went under during the housing bubble in 08. I too have my real estate license and I am currently working on my General Contractor license in Alabama. Back before 07 the state of Georgia did not require you to have a license.
That line about prior to 07 explains sooo much here in Atl. I would love to meet with you. I'm an investor developer here
@@LWALKER305 I would love to connect as well. I know this was almost a year ago that you come in it, but I’m here in Georgia. I’m an agent and I am now getting into real estate developing with my partner. We have two deals that we are getting in front of lenders -good luck to all in case I don’t hear anything back😂
Would love to connect I’m from Alabama and I now live here in Atlanta. I too am a real estate agent and am now into real estate development. I’m actually working on getting two of my deals to PML.
Thanks, thanks & more thanks for this SIMPLE STUPID Sit-down with Vanessa Cole. I learned so much in an hour. Greatly appreciated sis 🙏🏽❣
So many nuggets! Thank you!Great info. Passing this on
This was ABSOLUTELY AMAZING!!!
This wa sold gem, big congs to Vanessa. Much love hire ij Rwanda 🇷🇼
Watched the replay and thankful for all the gems. Yes please come to Houston 😊 much thanks in advance 😊
I’m super excited for this one! This is my dream right now! I’m looking for a mentor
This was insightful. This hour podcast was more educational than K-12. Not an exaggeration.
Please do the class in Houston or San Antonio please
MG, I always appreciate and am forever open receiving a tremendous amount of value for all content intended for beginners. Learning this is teh foundation to #fix&flip !Thank you for helping build confidence to get a jump start in this challenging industry. Enjoy the ride ya'll!
Amazing I learned so much… thanks for lighting my candle 🕯️
Powerful episode! I will definately travel from Atlanta to Houston for that CLASS! ✈️
The Best interview ever Thanks Vanessa
Great interview! I met Vanessa at a WIRE development meeting in Houston, TX last year and she's very down to earth and quite an inspiration.
This has motivated me to start and move forward thank you
She’s speaking so much good wisdom here
homeownership is the foundation of generational wealth!
Vanessa ain’t playing around 💪🏿
Incredible! So thankful for this ❤
I would love to join in on a team like this to build my understanding and get experience where the opportunity is available. Any opportunities???
2023 real estate investing : GO HARD
This was explained so good!! Thank you so much!! When is it I'll fly out?
She was very transparent. Thank you.
Is this land development is more profitable than buying a pre construction homes?
Awesome Podcast. That was great information!!
Very interesting information indeed. The one thing I'd do is research the word "mortgage." A mortgage is a death pledge. Before applying your wet signature to a death pledge contract which is also a trust, I'd study trust law, contract law, the UCC, and the banking system. I'd also read Canon's Positive Law Article 101 as it pertains to mortgages. Research the secrets to the birth certificate and the definition of an alloidal title. Educate yourselves.
So are there other ways with that statement? Do you live free? Your in the private so what’s your play on building generational wealth without working hard? Just curious?
Do you just buy your homes a deferent way? Or do you just rent? With your ways how do you get income? Are you tapped in to your BC trust? Is that even real?
I love love LOVE black women like this! She's a real leader and entreprenuer. That's what makes the other half of our people step up to the plate. I love our women. they're powerful!
I’m here for it !
Stand up Houston
I will be working with you soon Ms. Cole❤
KISS! Great Video. Well explained
My question is is I have Va home Loan Guarantee an just started my LLC so how can I purchase my 1st home and roll into my LLC
This is a great info!
"WHY SHOULD WHITE HAVE ALL THE FUN" BY REGINALD F LEWIS ONE OF MY FAVORITE BOOKS
Great interview, I appreciate the info.
I have 100 acres outside of San Antonio would love to JV with Nicole on this one
How far outside of San Antonio? If it’s properly sighted we can look at it
@@Ziggyj7 it’s in poteet
Excellent video💚💚💚
Everyone needs to buy a house and never sell it. Save up for the next one. Learn to manage the rental, be a business person, give someone a safe place to live.
you far from stupid! I love this! TY
She is brilliant
Let's talk how she got funding for the development
Great Information. Thank You!
I’m in phila I’m am ready and waiting and very excited,
build fast and sell fast
Great show
Please come to Houston!
It's not generational wealth if you can't tap into the equity...
Thank you Vanessa
Shes a beast in business and she gorgeous!
Great video
Great gems , thank you..
Halfway through "Why should White guys have all the fun?" now. 💪🏾
I love this.
This was great👍👍
Thank you for this content
SHawty!!! Talk about a bad one Sheesh!
3,750,000
Thank you
MG tell your co-host to allow you to explain to us, the audience. Renderance, everyone dont understand how she's applying the word. He may understand but the majority of us we dont.....
Please let the guest talk, MG guy
Right! Men love interrupting women during interviews...
Keep at this! Good job and thanks for these interviews. When the greatest wealth transfer happens… it’ll be from whites and Asians, to blacks and Latinos =] when this happens. The world economy will experience the biggest bloom ever =]
Can’t wait to learn from her
Slab slab... framing framing... roughing roughing... what is roughing?
Roughing is putting in electrical and piping throughout the home
He should of said , what did they say about funding. LOL
As a first time home owner from Chicago suburbs- how do I get that 30,000 in down payment and closing cost assistance???
Seach google dpa programs in your area
i need her site plan
How much does it cost to build a 3/2 home in Houston? Selling for $200,000 there must be some money given from the city for them to make money??
I would like to connect with her ASAP
As the Dj my guy, get a buzzard or horn or something. For when plump try to make you feel some kind of way… 😒
MG the mortgage GAWD
❤❤❤❤ amen giving ppl and experience
Million dollars worth of game
Love it!!! #✊🏾💪🏾💰 🇨🇱