Build to Rent Financing. How to Get Up to 100 Percent Funding for New Construction Rentals

[@1mgb]

Can't believe this video is free.... 🤯

[@RehabValuator]

Believe it :)

[@BredBlessed83]

I’m 2 years late… I’m Grateful for the pertinent information….. Peace & Blessings Thank You!!

[@RehabValuator]

Never too late! :)

[@AlexPhamYouTube]

Young developer here and this is great. I only have 3 units now at 22 years old but looking to build apartments soon. Located in boston. Thanks for this information

[@RehabValuator]

3 units at 22 ain't nothing to sneeze at, Alex! I wish I started that early! - Daniil

[@AlexPhamYouTube]

@@RehabValuator Thank you Daniil. I have been consuming all your content. Do you have anything on duplex conversions with single families in convertible duplexes? Would I get the property with hard money with a construction loan, and refinance after the conversion? I am meeting with architects and contractors for a potential project about 25 minutes from the heart of Boston. Thank you

[@RehabValuator]

@@AlexPhamKZbin given what the rates are doing right now, you should try to lock in your perm rate asap. So best bet is to find a local bank that will give you rehab loan for the conversion that then rolls over into a perm loan after that. And see if they'll lock in perm now. Banks are pulling back from doing this so it's harder to do. But the alternative is being at the mercy of the market when you are finally ready to refi and rates being higher (potentially)

[@AlexPhamYouTube]

@@RehabValuator Thank you Daniil. I will reach out to local banks now. I appreciate that. I will let you know when I finish the project!

[@stevenseagal4987]

I’ve been looking for technical financial information in regards to real estate operations. This is extremely solid information. Much appreciated.

[@RehabValuator]

You're welcome and thanks for the great feedback!

[@MichaelDillin]

Like what you are doing especially the lack of pay for class. Free add supported yt is great. Subscribed liked and shared.

[@RehabValuator]

Glad to have you here! And thanks for the great feedback!

[@RicardoSanchez-jg5un]

Incredible amounts of knowledge in 1 video.... Thanks for this video!

[@RehabValuator]

You're welcome, Ricardo! Thanks for the great feedback!

[@Allan2go]

Top-notch presentation, no ego just hard work, well done

[@RehabValuator]

Thank you!

[@raymondsmith2404]

Daniil all I can say is that you're truly amazing. Your training videos and software are the highest quality and a dream come true. I will certainly be a premium user. Thank you!

[@RehabValuator]

Appreciate the kind words, Raymond! Means a lot!

[@ronaldvaughn7087]

Wow!! Thanks A Million Mr. Kleyman, This Was An Excellent Free Video Tutorial On Creating Real Estate Wealth, What A Great Gift & Blessing You're Sharing With Many

[@RehabValuator]

You're very welcome, Ronald!

[@merchant297]

Wao. Daniel you are pure gold. I am loving your videos. You are providing such good value.

[@RehabValuator]

I appreciate that!

[@surjs3599]

Thx for the video. I’m about to develop my first mid rise and appreciate your effort and knowledge. 🎉

[@RehabValuator]

Awesome! Congrats on that project and good luck!

[@hannahcasey1999]

Wow!! Amazing information. So happy I stumbled on this channel. Was looking to build a quadplex in Louisiana and now I know exactly what steps to take. Thank you so much for sharing your hard earned knowledge!

[@RehabValuator]

You're welcome, Hannah and glad you found our channel!

[@markeryellow]

I’m 4years late! Currently a Law Enforcement officer looking for something different, I’m really interested in the development side of RE! Thanks for the videos

[@RehabValuator]

never too late. Time IN the market is way more important than timing the market. Remember that!

[@markeryellow]

@@RehabValuator do you have like a discord or class I’m scrambling RN with just trying the first step

[@RehabValuator]

@@markeryellow we have a group mentoring program that meets weekly on Zoom, with a private FB community for answering questions. That's probably your best bet. Not solely focused on development but rather broader real estate: RehabValuator.com/inner-circle

[@ivanof214]

@16:45 why are operating expenses so high ($2310)? If this is only a 6 unit and most likely only needs like 600/mth management fee. Are you factoring in insurance and taxes in opex?

[@RehabValuator]

A 35% operating ration is pretty normal. You can do better (high 20s) but heavily depends on real estate taxes and how efficiently you operate. And yes that includes taxes, insurance, cap x reserves and all other operating expenses including management fees.

[@SigifredoCoria]

Your videos are the best my man very thorough and detailed !

[@RehabValuator]

Thank you!

[@LROSAN2023]

Hello Daniil, due to Amazon HQ2 moving into our area, the county now allows building up to 6-units in order to provide housing to the influx of new residents. I own a 6000 s.f. corner lot with a 1920 single-family house and a shed on it. I need help from the beginning to the end of the project. I need all the help I can get in the subject, and am glad I came across your video. Thank you so much. This is my retirement so I need to make sure it will be a win-win situation at my age. Any comments and suggestions would be greatly appreciated.

[@RehabValuator]

Start by doing a feasibility analysis: Determine as-built value of what you will build, back out your costs and profit margin and figure out if what your currently have in your single family deal exceeds the land value. Basically make sure it makes sense to tear down the house and build new. Watch this training if you haven't yet. That's a great place to start: kzbin.info/www/bejne/g6nZqqKVl8-Naq8

[@jonellison2835]

This is so awesome. I’m doing this. I just bought 4 lots

[@RehabValuator]

Awesome!

[@economicdevelopmentplannin8715]

Great to learn this strategy. But definitely have to be motivated to learn it. 3x leveraged ETF of nasdaq has moved 45% yearly, without any special knowledge or skills.

[@TxRealtorSA]

This is WAY above the level that I am at the moment. Going to be there in a year or so!!

[@RehabValuator]

Let's go!!

[@TxRealtorSA]

@@RehabValuator I'm about to put a 10acre infill parcel of land under contract. (I Should have watched your "Starting from the end" video first to put a value on the land. I probably overpaid)

[@uhhcrave]

Hi Daniil! The 2 Duplex case study is amazing - but not only the analysis but the actual plan of the 4 duplexes is beautiful. Was that plan custom made with your architect or made from a preexisting plan?

[@RehabValuator]

Thanks. All custom made drawings with a local architect.

[@americaunited6174]

Excelent presentation brother. The best..... 🎉🎉🎉🎉

[@RehabValuator]

Thank you!

[@alexmozmtl]

Awesome content. You glimpsed very quickly over the "buying the land". Do you have a video about finding the money to buy land? You said cash, JV partner, etc., but could you provide details on it? That's where I'm stuck at the moment. Thank you!

[@RehabValuator]

I don't have anything more detailed about $ to buy land but can add that to our list of topics for future videos!

[@alexmozmtl]

@@RehabValuator please do. I didn't see anyone talking about it in detail. Thank you.

[@pa-zx5ct]

PERFECT!!! exactly the information I've been looking for. Thank you!

[@samrei6223]

This is awesome! I’m glad I found this channel!

[@RehabValuator]

Glad you found us too! :)

[@kampaninipot9458]

Thank you! You are a gift from the real estate gods!

[@RehabValuator]

Now that's a compliment! :)

[@waynenunn7319]

Exceptional video with all the hard core information and calculations that other only talk about. Really appreciated, hope to use it in Williamsburg, VA.

[@Dumeme510]

You're the best. You are practical and real. Ton of information. I'm building in LA. Do you have any comments about the LA market based on what you know? Thank you so much.

[@RehabValuator]

I appreciate the compliments! Unfortunately don't know much about building in LA other than have heard there's a lot of red tape and CA is not a landlord-friendly state

[@Dumeme510]

@@RehabValuator thank you for all you do. I will subscribe to your software when i resume work next year.

[@care.nuegado]

Yeah make it look so easy

[@luisanthonyrios401]

Incredible video on real estate development. You covered all the major items in a clear way for everyone to understand. Thank you for sharing your knowledge.

[@RehabValuator]

Appreciate the kind words, Luis!

[@backroadconstructionservic6666]

You have helped me so much !! Great job

[@RehabValuator]

Really glad to hear it!

[@jasmikko]

Please make more of this

[@RehabValuator]

Working on it! :)

[@thomasdeen8629]

Is cash on cash the main key return metrics for you? If so, what’s the minimum CoC you look for to move forward with a deal? What about IRR? Which return metrics takes precedence?

[@RehabValuator]

Correct. We typically look at what a stabilized 1st year cash on cash will be. These days I'll settle for anything 5% and up. Don't really pay attention to IRR in deals where we don't have LP money invested. IRRs enter the conversation if we're talking to equity investors, which is rarely

[@thomasdeen8629]

@@RehabValuatorso when people say “oh I don’t touch a project unless I make 20%” what are they referring to? Because I am working a deal that’s coming in at 4.56% CoC and I am confused if I should move forward with that deal or not. IRR looks healthy and cap rate is around 7.56% in a 6% cap rate environment. But 4.56%? That doesn’t sound too intising… I don’t get how others are getting 20%?

[@RehabValuator]

20% is likely referring to A) Profit margin if they're selling or B) Sweat equity created if they're holding. That's a totally different metric from cash on cash return. If you're building to rent, you should aim to create 15-20% sweat equity Day 1 (difference between As-Built Value and your total cost). But that same deal can have a 5% cash on cash return - that's just what your cash tied up is earning Day 1. I am ok with 5% because on top of that I get depreciation, amortization, and appreciation. So long term IRRs will still hit north of 10% in a good deal. Does that make sense?

[@thomasdeen8629]

@@RehabValuatoryeah makes sense. What’s a good cap rate, IRR, that you like to see to press forward with a deal?

[@RehabValuator]

@@thomasdeen8629 I don't typically look at those. Just look at cash on cash return

[@leeroach3381]

Very helpful Thank you for sharing

[@RehabValuator]

You're very welcome!

[@Myrakel-d1h]

How can I access your software? And do banks do a credit check when asking for a construction > permanent loan ?

[@RehabValuator]

RehabValuator.com/pricing is the link for the software. And yes banks usually check credit when applying for construction and perm financing

[@jaynesj11]

Thank you so much for these videos. Is there a way to access the powerpoint slides?

[@RehabValuator]

No. Sorry

[@3089280288]

I have my eye on an old nearly empty strip mall that needs to be razed and replaced with rentals. May 60 to 90 units

[@RehabValuator]

Awesome! Get to it! "Repositioning" deals are some of my favorites. Extract a higher and better use from a property than what's there now.

[@sanctuarydreamhomeswithlin2078]

So much awesome information Daniel thank you for a look at how you are working your business! I will be following up with you regarding this 😀

[@RehabValuator]

You're welcome! :)

[@luisbourdierd5497]

thank you for this information

[@RehabValuator]

You're welcome!

[@JesseCracksMTG]

What if I already own the lot? I happen to recently buy a duplex with an empty lot next to it in ETJ.

[@RehabValuator]

Jesse - that's awesome. If you own the lot free & clear, then you can bring it to a local bank as your equity and most likely get them to fund most if not all of your construction budget. Think of the land as another form of a downpayment. Instead of bringing cash to the deal, you're bringing land that's worth a bunch of $. That's your skin in the game. We do this all the time.

[@JesseCracksMTG]

@@RehabValuator I will look into this with my credit union here in Texas first, hopefully they can help :) Thank you so much!

[@Leondrastorey]

Thank you

[@RehabValuator]

You're welcome!

[@Chopper8472]

Financially what makes you prefer build2rent given that the current development cost are soo high /sqft, and the brrrr could give you almost the same returns or even better at much faster

[@RehabValuator]

In order to BRRRR you have to find cheap enough rehabs, which are few and far in between. Instead I BBRR (Buy, Build, Rent, Refi). Given the construction costs right now it's hard to pull out 100% of the cash right away but you can pull out a chunk and get the rest out in a few years.

[@RehabValuator]

Also I would add that new construction is in many respects easier than rehabbing, more predictable and allows you to create better floor plans and product than rehabbing existing buildings. If you can buy rehabs below replacement cost, then it makes sense to BRRRR. Otherwise new construction will give you a better product with less maintenance going forward.

[@Wired1200]

Yes the costs are high so you have to be smart and build apartment complexes 50+units. You can also get tax credit from the government if you build apartments and rent them out to low income families or individuals.

[@ziggyc4474]

Any videos on how to buy land and subdivide it ?

[@RehabValuator]

Yep. I talk about it here in 2nd half (deal sourcing): kzbin.info/www/bejne/nZPRiWqJpdqLbZo

[@RehabValuator]

Also cover it here too: kzbin.info/www/bejne/bXaqpp2Vfqt1iZY

[@ziggyc4474]

@@RehabValuator thanks a lot videos are great

[@RehabValuator]

@@ziggyc4474 you're welcome!

[@babysisdolls3336]

i am interested in developing senior housing so this is great info

[@RehabValuator]

Awesome! That's a great niche to be in!

[@Bigboss539]

Liked, subscribed, and this is my comment. My question is... you didn't seem to bring up DTI ratio. Every lender I have spoken to won't look at the deal on it's own without considering my personal income, and I go to great lengths to keep my personal income looking low on paper. How do you get the lender to look at the deal on it's own merits? -Nate Y

[@RehabValuator]

I kept the focus of this video on deal-specific underwriting. How your bank/lender underwrites you personally is a separate topic. But yes, your personal income and balance sheet comes into play when underwriting these deals, especially the smaller (under $5mil) full recourse loans. If your income isn't strong enough to get a loan, consider bringing in a partner

[@1PercentBetterConstant]

@@RehabValuator how would you go about finding a solid partner? For someone who has the plan but can't get financing

[@RehabValuator]

@@1PercentBetterConstant Best partners come from personal relationships you build and it's easier to build those relationships locally, in person. Network. Get to know people. Find people with same goals but a complimentary set of resources to what you offer (they have $ and you have time/experience)

[@darwincrawford8821]

My lender wants a 1.35x DSCR. Structure is a little different but the deal stands on its own

[@eerice4750]

I love the channel, your videos are exactly the kind of detailed info I am searching for before diving into my first property. I hadn't really thought much about build to rent before coming across your channel. My one big question about it though is contractor license requirement. Does VA require an owner-developer that builds 1-4 units to be held for rental be a licensed contractor? I'm also in RVA ,do you think the Richmond market is just too hot right now for a new investor to get into it?

[@RehabValuator]

Some localities allow you to build properties as an owner without requiring a GC license. Most do require a GC license to build, especially anything more than a single fam. My advice is to work with a GC or get licensed. As for whether RVA is too hot right now, it's certainly hot. But so is the rental market, so if you can build the right product at the right cost, you'll do well. It comes down to finding land at the right price in a good location. That's the trickiest part right now. Used to be able to buy lots almost anywhere but now land is much scarcer and getting bid up.

[@darrenrubendall3020]

Do these have garages? Doesn't look like they do, but I could be wrong.

[@RehabValuator]

Hi Darren. No garages

[@josephluka8163]

Thanks for the video ,I want to demonstrate that however my knowledge is limited.I have a scenario, visited our local bank.....how can we get in touch and dialogue further.

[@Uniquess09]

Wow 👏🏽 Thank you!!!

[@devonhyung2073]

What is your monthly cash flow if you finance all the construction I feel thatd you be breaking even at most

[@hex131]

Thanks for your effort. We do appreciate that.

[@lovefamilytravel]

amazing!!! very interested 🙂

[@freespirit2520]

Thanks for the vid. However you not mentioning the cost it will cost us to get the loans in your scenarios. Monthly, yearly. there is an interest rate and that need to be factored in your cost to build. Which will bring your cost up and profit down... pls advise as we all need these bits and pieces which matter A LOT. I mean you can eat up all your profit on these #s alone.

[@RehabValuator]

Pretty sure I address cost of money in this video. Rehab Valuator software certainly takes all that into account when calculating profitability. Have you signed up for at least a free account yet?

[@Is.19]

Is there anyway to get more information on the units at 1:47? These units look awesome.

[@RehabValuator]

Hi Isaac. I did a separate long video on that project here: kzbin.info/www/bejne/bXaqpp2Vfqt1iZY

[@brandenchatman8539]

this is gold

[@RehabValuator]

We agree :)

[@CesarSanchez-jq7fd]

Great video Daniil do you have any lenders you would recommend in the va area ?

[@RehabValuator]

Cesar - I would talk to every community bank in your area that you can. The landscape shifts regularly and it pays to talk to a lot of them to know who has best rates/terms in any given time

[@CesarSanchez-jq7fd]

@@RehabValuator sounds good I'm in the Richmond area as well like you. Maybe interested in purchasing a duplex from you in the future or building one out to owner live in one and rent the other out.

[@primelifeconsulting]

Love your videos. Very in depth.. Easy to understand

[@RehabValuator]

Thank you!

[@chrishatton1176]

This is great information. Very clear.

[@RehabValuator]

Thank you! Glad you like it

[@CokeysCasino]

Do you have any info on the 4plex design to the left (white) in the beginning of your video?

[@RehabValuator]

I have an entire training on that project as a case study here: kzbin.info/www/bejne/bXaqpp2Vfqt1iZY

[@gillesdeclerck]

How feasible is it now with a higher interest environment?

[@RehabValuator]

Still feasible but numbers are definitely more challenging. That's why we provide the Rehab Valuator software so you can run deal feasibility in real time on any project!

[@michellerivera5419]

This was great!! Thank you

[@RehabValuator]

You're very welcome, Michelle!

[@RicardoSanchez-jg5un]

Do you offer consulting/coaching program?

[@RehabValuator]

Hi Ricardo. Not one on one consulting or coaching but we do offer additional free education on development here: www.RehabValuator.com/developers and the Rehab Valuator software to help you with every step of the way

[@RicardoSanchez-jg5un]

@@RehabValuator thank you I will look into this !

[@SabrinaThompsonProAngler]

does this work for single home build projects too?

[@RehabValuator]

Of course!

[@youtubecarspottersguide1]

your forgot still have to quify and make payments on the const loan,

[@RehabValuator]

Correct. This video assumes you can qualify for funding. Goes without saying. And yes you will typically need to service the construction loan monthly and you'll need cash for that.

[@rockrecon]

Is the initial liquid cash to start higher in a place like San Diego?

[@RehabValuator]

Probably since land and property values are higher than average

[@vespaman101]

Is there a way to have an LTV that is lower than LTC? Soundd mathematically impossible. At least not while being profitable or reasonable. I clearly want ALL of my construction costs covered. Can i get an LTV loan without an LTC taken into consideration?

[@RehabValuator]

If LTV is less than LTC then there's no point building. It doesn't make sense. I am sure there are some lenders out there that only look at LTV without considering cost. Not ones we deal with typically...

[@dmitryg6353]

Year ago 4.5% interest rate would have been a safe assumption. However assuming you'd move forward and finished construction now, you're looking at a 6 - 7% interest rate. Most lenders lowered their LTV limits closer to 65% and they seem to like 20yr amortization vs 25yr. In summary you'd probably be handing keys back to bank upon completion. Especially if you're not a seasoned investor and have ability to withstand such a setback. On other hand these assumptions two years ago would have turned out better and you'd have a homerun deal. A lot can change in a year if you don't have fixed financing upfront

[@RehabValuator]

Lol. Bro. Literally none of what you're saying above is accurate. It's currently 8-28-22. We are funding dealing in the mid 5's all day long. 25 or 30 year am. 75 LTC. Literally working 5-6 deals like that right now and so are countless developers I know. If you have good banking relationships and know what you're doing, there's still very favorable money out there.

[@dmitryg6353]

@@RehabValuator It's great you're still finding favorable term out there. Relationships and track record are certainly very important and helpful. However most people who know what they're doing and have established relationships are not watching "how to" videos on KZbin. Its awesome that your lenders are still providing favorable terms and rates but a lot of lenders I speak with have tightened up over last month or two and with fed tightening, lenders will continue to tighten as well. Certainly something newer investors should be aware of specially if using short term financing structures. I just came across your channel, overall advice is solid

[@RehabValuator]

@@dmitryg6353 no doubt lenders are tightening up. Without question. But 25 year and 30 year am money is out there still even for non-established investors for the right deals. There are still lenders out there who haven't tightened LTVs and are looking to put money to work. You just have to look harder. That's the point I am making. Glad you found our channel!

[@dmitryg6353]

@@RehabValuator Sound good, if I find a great deal I'll hit you up for a lender referral 😁👍🙏

[@thomsieloff3463]

YES!!!!

[@od4407]

Wouldn’t your construction costs go up if you decided to do 2 bdrm vs 1 bdrm?

[@RehabValuator]

Good question! Yes, marginally. I mention that in the video - that I am keeping budget same for sake of simplicity. In reality if you keep sq ft same and do 2br instead of 1br, your costs go up a bit. If you expand the size of the building they go up more. But the #s in this example would still work really well for a 2br. Not so much for 1, as you can see.

[@od4407]

@@RehabValuator Right on, this is great info. Honestly I walk away so confident and knowledgeable from your videos, thanks!

[@robertsugarland]

Daniil: do you send the report/,presentation of the deal to your partner/ investor BEFORE you send it to your lender/bank? or simultaneously?

[@RehabValuator]

Hi Robert. Personally I usually own the land before I pitch the bank on the construction funding. But you can do it in any order. Put the land under contract, present the deal to your partner and lender at the same time. Line up equity partner first, then go after bank funding, etc.

[@flutterproperties3564]

Where do I get the free software?

[@RehabValuator]

www.RehabValuator.com

[@TheChester927]

Ok, I want to do this… that was Chinese to me lol I need help! I got the cash, I just need help to get started.

[@jonellison2835]

Love this

[@novesituipulotu]

Can i use this soft ware in New Zealand

[@RehabValuator]

Yes absolutely!

[@Concretedesignandrepair1]

Powerful Video!

[@RehabValuator]

Thank you!

[@justinhaller2055]

How do the numberscheck out with 8% loan in 2023?

[@RehabValuator]

Not as good but deals are still getting done. Get Rehab Valuator software and run the numbers for yourself! :)

[@robertsugarland]

Daniil, do you go first to a local community bank with your presentation and numbers and once pre approved you go and ask for the down payment from your private investor who will also lend you money for the land? Shall I go 50/50 with my private lender even if I didn’t put money down but will do all the work?

[@RehabValuator]

We don't use private lenders for downpayments but it's probably a good idea to have those conversations concurrently: your debt and your equity partners. If your equity partner (private money partner) puts up all the equity, you can definitely argue that a 50-50 split is fair. I've seen everything across the board though.

[@robertsugarland]

@@RehabValuator Ok, got it, so if my Private Lender puts all the cash for the lot plus the 10% or so down payment (Equity) for the Construction Loan, I can still go 50/50 ? since I will do ALL the work that you mention in your videos…

[@RehabValuator]

@@robertsugarland seems fair

[@robertsugarland]

@@RehabValuator Thanks, Daniill. I will buy your Software sometime this year. Can you tell us how to find lots (best strategies) and how long it can take a construction permit for a fourplex? Thanks, Daniil.

[@RehabValuator]

@@robertsugarland no...can't teach you that in the youtube comments section :)

[@Myrakel-d1h]

Can you build a duplex on 900sqft land ??

[@RehabValuator]

It's possible assuming zoning allows it. We have a triplex planned on a lot currently just under 1000 sq ft

[@Myrakel-d1h]

@@RehabValuator Who/were else can you get money for construction & land if the bank denies you ?

[@RehabValuator]

@@Myrakel-d1h private lenders, DSCR lenders, non-bank lenders like Kiavi are worth a try

[@Creekbeyond]

Highly interested in this.

[@1234celestec]

hi daniel, all i need is $5500 to qualify for the wish program for 1st time home buyer programs, how can i make this possible before sept, I saving now and have about 1/2 of it?

[@greeksun369]

If I wanted to build a mult family establishment, as an owner, would I need a builder's license or any other type of certification?

[@RehabValuator]

You'll most likely need a GC license or to hire one. Some counties allow people to build on their properties without a license but from what I've seen it's rare, especially for multi-fam

[@livingingreenvillenc6904]

Pretty cool system

[@RehabValuator]

Thank you!

[@amonratpeavy9717]

Thank you .you are so wonderful.

[@luisbourdierd5497]

I need this excel program

[@RehabValuator]

Not an excel program :) Much more than that. You can create an account here: RehabValuator.com/pricing

[@dylandodd2103]

In a new construction loan, are there banks that would approve a $750k loan if I buy land for $50k or less?

[@RehabValuator]

Not enough information

[@darwincrawford8821]

This is fantastic. Thank you!!

[@RehabValuator]

You're welcome!

[@roythillberg3650]

Great info!

[@RehabValuator]

Thank you!

[@diondrabrown7]

For someone whose looking to get into real estate investing and want to build and rent, does this require any licensing??

[@RehabValuator]

You don't need to be licensed to be a developer. But to actually build you typically do.

[@diondrabrown7]

Thank you for responding so quickly!! I recently applied for my LLC waiting for it to be approved. I also signed up for your rehab valuator software you created. Planning to purchase premium under my LLC. Anyway, I didn't plan to build, I was going to hire a experienced contractor, would I still need a license? I've been watching some of your videos started yesterday. Is there any advice you can give me please, since I'm just starting? Thanks so much in advice!

[@RehabValuator]

@@diondrabrown7 you don't need to be licensed if you're hiring a licensed contractor. They'll apply for permit.

[@danielgoodall5682]

This is Awesome THANK YOU #Prp✝️💜✝️

[@RehabValuator]

You're very welcome!

[@collinmiller8866]

Okay but how to find lots of land for 100k that allow 6 unit apartment buildings... lol if you can find a property for 8x that in Rochester MN you'd be lucky

[@colindolan2073]

Can I schedule an appointment with you? Do you have a office

[@ajgamez3027]

Daniil, how can I reach you directly. I have some questions.

[@forfreedomssake4315]

Thanks :)

[@johnnieblunt6387]

what is your office number in richmond?

[@RehabValuator]

Why do you need our office number?

[@johnnieblunt6387]

@@RehabValuator i want advise on a project i want to do in portsmouth , Va , I want to build a duplex over a store front

[@RehabValuator]

@@johnnieblunt6387 if you call our office you're going to get my support staff who can't advise you on development. And I rarely get on the phone, even with paying clients unless they're paying me a LOT. I am all for helping people - that's why we put out a ton of free content. But I am not getting on the phone with everyone who wants to chat. I'd get nothing else done.

[@RehabValuator]

@@johnnieblunt6387 sign up for the Rehab Valuator Premium software (we use this for development daily) and then the Rehab Valuator Inner Circle (which is a very affordable monthly group mentorship we do for our software clients). We have a dedicated FB group there where you can ask questions and post your deals. I usually answer in there pretty quickly. www.RehabValuator.com

[@johnnieblunt6387]

ok thank you

[@jakevids9458]

no body is going over the cost of lumber and how it effects building rentals

[@RehabValuator]

Not really what the focus of this video is about. Our costs are definitely rising but so are the market rents and the values/appraisals of the product once built. Things go up. Markets change. That's why you need to learn proper deal analysis and underwriting, which is one of the things we teach. That way you can make informed decisions about proceeding or not proceeding with deals.

[@Arthur-Silva]

The balloon or reset thing is horrible.

[@RehabValuator]

In this interest rate environment it's pretty dangerous. Right now we aren't doing any deals unless perm rate can be locked in for at least 7 years or longer.

[@piecesofme8531]

Didn't realize you could still build cheaply enough and afford to keep it as a rental...

[@RehabValuator]

Still can! Of course it depends on a million factors like cost of land, your market rents, etc

[@frustrated181]

I guess I'm lost because I don't have money and my credit isn't great I cant even qualify for a regular traditional home loan.

[@yeoldgamer]

Hello fellow cash strapped friend, which part is confusing?

[@frustrated181]

​@@yeoldgamer I guess finding a investor who would do100% funding no down payment. Everyone I've talked to require a huge down payment

[@yeoldgamer]

​@@frustrated181 He touched on it briefly, but it comes down to private investors. The big key here is having the land or acquiring cheaply. Re-watch the portion near the beginning with scenario 1-3.

[@MerinaHam]

almost spat out my coffee when i heard 800 sq. for 1100 .. thank god I dont live in Virginia.

[@RehabValuator]

That's CHEAP compared to a ton of places. Really cheap. Unless you're somewhere rural or economically depressed

[@Jollofpappi]

@@RehabValuator Exactly!

[@alhoy9146]

Can you tell me how much it will cost to build a duplex in let’s eat Florida on a budget nothing fancy please🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙂

[@RehabValuator]

Hard to answer without knowing much more. But I would say between $120 and $160/ft between soft and hard costs is a good ballpark in FL

[@alhoy9146]

@@RehabValuator thank you so very much that is very very helpful🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻

[@alhoy9146]

@@RehabValuator Or do you need to know if I just want to be all the same duplex in Ocala simple and cheap the cheapest I can do it nothing fancy

[@RehabValuator]

@@alhoy9146 talk to local builders and of/developers and ask them ballpark $/ft what they're building for there. That's your best bet to get real #s

[@alhoy9146]

@@RehabValuator my friend not really I do owner builder and I want to build a duplex I’ve had built three homes for me and I know that the builders are incredibly expensive they charge you up the ass once I build a very beautiful home in Windemere Florida with my lot for $560,000 and one of the builders wanted to charge me 890,000 without the lot

[@avelinalindawan6218]

Great info and guidance thanks!

[@RehabValuator]

You're welcome!