This has to be one of the most informative videos I have watched in a while. Thank you...already on your site playing with the tools there...Thank you!
@garyfennen4581 Жыл бұрын
Why didnt he mention the reason you cant be your own GC in Texas?
@d.sanders20248 ай бұрын
This has been an INCREDIBLY healpful video. Especially for those of us starting in our journey!
@The85F0X Жыл бұрын
I’m having so much trouble with financing my barndo. What I’m trying for is to buy the building outright and then borrow money to have the building erected and foundation completed. I then plan to come in and build out the interior myself. Literally have been to 10+ banks and credit unions and the moment I tell them what my plans are, they hit the brakes. I have been working with this one bank who swore they could do what I’m asking and then after a month, I literally just got an email saying NO. I’m in Texas. This has been a depressing process as I’m having to live with my parents following a divorce where I lost everything. At 38, I’m 100% over it.
@Shady2695 Жыл бұрын
it just a custom house built with steel stud and metal roof and siding domt say anything about barno, all it is is a custom house
@BP-kc3djАй бұрын
Bless you guys for putting this together. I have been searching high and low for this. ❣❣❣❣
@hcr-motorworks Жыл бұрын
Everything up to interior walls required to be done by a professional?! Garbage terms, deal breaker on that alone.
@BrettMcNary Жыл бұрын
100% f these financers
@smokythebear9711 Жыл бұрын
Thanks for saving me the 16 minutes of watching this video
@ethanwebb6122 Жыл бұрын
Yeah I'm gonna save so much money hanging pictures myself..😂
@Badenhawk Жыл бұрын
@@ethanwebb6122don't forget the money you will save installing your own outlet covers.
@VoteBlue4011 Жыл бұрын
These people want to ensure they make a lot of money off your build. What shit!
@michelmacias896923 күн бұрын
Thank you, guys
@brookekilgore5937Ай бұрын
When he talked about the fondues loving area can if still be studio style ? My husband and I want it all open except for bathroom and maybe the laundry room
@dcbc991 Жыл бұрын
Great information here! Thanks for posting this content.
@geminiots2121 Жыл бұрын
Thanka for that info. One of my students turned me on to Barndominiums and i instantly fell in love! This is completely my style of home. What i love most about it is no basements or crawl space!! I hate them. But when i saw how affordable it was it was to build. I bought my very first home a few yeara ago and i hate it. Not the house but who im surrounded by. My neighborhood was a nice workingnor retired class whic is now being over taken some less than desirable people. As a single woman, it makes me feel very unsafe some days. I'm ready to move a bit further out and put some distance between people. I understand now why people opt to live in rural areas. Your info has been awesome and im really excited venture into my new futher home!! Thanknyou for the great info.
@Grunt49 Жыл бұрын
Look for classes on self defense.Learn to use a firearm.
@kamiller4812 Жыл бұрын
Do they work with veterans?
@mgtowalfa508 Жыл бұрын
So what if I already get pre approved for a USDA loan? Would I use Nationwide or no?
@rtubed2471 Жыл бұрын
So basically you cannot self build. How does that help the DIY’r?!
@BrettMcNary Жыл бұрын
It doesn't. These guys promoting a lender who only loans to those using a GC is insulting their viewer.
@MrPostFrame Жыл бұрын
You can be the GC. We are looking for a reliable lender we can recommend to DIYers.
@Painfulwhale360 Жыл бұрын
Thank you for this video!
@AnthonyOrtiz2477 ай бұрын
Very informative video. Do they allow for a VA loan vs the Fannie Mae?
@1CE1CE3 ай бұрын
I almost got excited until he said in TX, you cannot GC 5:14
@MrPostFrame3 ай бұрын
We’ve heard of some folks finding ways around it but definitely want to research that further
@JustinKelly Жыл бұрын
Do you guys have any videos on barndominium's with basements (such as a walkout)? Is this feasible with this type of building? Thanks!
@FJB2020 Жыл бұрын
Just stick frame it with trusses... You get the same design capabilities, but it is built better..
@baptistlion40602 ай бұрын
why would you want a basement. get above ground tornado shelter if that's your concern
@JoVeda_xo4 ай бұрын
Thanks and I will. 😊
@BrettMcNary Жыл бұрын
"you can act as GC, but can't participate in the build until it's basically done" ................imagine showing people how to build a house from the ground up as "DIY'er" and then promoting a lender who only lends to people having someone else do the build. What sort of kickback made you want to do a video with them?
@MrPostFrame Жыл бұрын
We are not receiving any kick back. This is an option for many people that would like to GC their project. We are still searching for a great option for the DIYer. This is the best option we’ve found this far. While we know it doesn’t take care of everyone’s needs.
@JeffCichocki Жыл бұрын
Why be such a jerk? The lender/Govt sets the rules, not the builder. Lenders when creating loan products have to follow federal guidelines. If you don’t like this lender, go find your own.
@BrettMcNary Жыл бұрын
@@JeffCichocki Govt doesn't "set the rules"...they make law. Each financial institution has their own parameters they set and follow for themselves. If this was, in your words "set by the govt" then all lenders would be exactly the same. This isn't "being a jerk". Financing a barndo is the same as financing any other house. You can literally go to ANY bank and do so. Maybe it would take you watching a 14 minute video to understand this. The real challenge is finding a lender who works with self GC barndo builders........that's the real challenge that is worthy of a video.
@zandertunes96026 ай бұрын
@@BrettMcNarymaybe there were endless lenders that did give loans to gc builders that existed.... since the beginning of the country. But the people basically told the banks nobody knows how to do diy. Oh wait... every lender was that way. That how our country was built
@texanaggie Жыл бұрын
What are the rules in Texas about Self General Contractors and getting a Barndo loan ?
@industrialawnllc42399 ай бұрын
ya thats what i wanna know. Im in San Antonio and more than capable of being a self GC.
@tdmallet7 ай бұрын
I believe you have to be licensed in texas to GC.
@moabman6803 Жыл бұрын
How do you get around the 40/60 rule?
@Badenhawk Жыл бұрын
Probably do an unattached shop.
@Grunt49 Жыл бұрын
Do two story on living?
@Cnoted33 Жыл бұрын
Can I qualify with a VA Loan?
@kylermichael39727 ай бұрын
I don’t think VA loans cover building loans. I could be wrong but I always thought that va loans are turn the key homes, meaning already built and ready to move in to.
@Cnoted337 ай бұрын
@@kylermichael3972 the VA loan should be evolving to meet the demands of veterans home buying preferences- prefabricated homes are becoming popular with veterans
@mark1203714 ай бұрын
Do you do VA loans?
@MrPostFrame4 ай бұрын
There are lenders who will loan for VA. Word of caution- they’re a lot more in depth of a process and as far as I know they don’t have options for diy unless you’re a licensed professional
@elfuturomio8 ай бұрын
Perhaps at one point it would have been but now not even on the list
@homerepairguy19027 ай бұрын
Same as bank, can't be a self builder! Have to pay someone $300k to build it.
@Seashelley1 Жыл бұрын
Yes barn chickens pond❤
@bradmason8334 Жыл бұрын
Excellent info.
@angelthresh7161 Жыл бұрын
calculator isnt there on my side.
@MrPostFrame Жыл бұрын
Sorry, our subscription needed updated. Should be good now. www.mrpostframe.com/financing
@alstenmart Жыл бұрын
Thank you guys. I think you are almost the only one covering this very unknown area of financing for the bardo.
@sbyer8311 ай бұрын
Do they finance land with barndo builds?
@usmarshall336 Жыл бұрын
Excellent video on financing for barndominiums.. I didn't see it explained as far as how many draws... I may have missed that but I would like to know more about that. And also I don't want to pay 2 closing cost.
@MG1776-t9p Жыл бұрын
that is too bad. Electrical wiring is mostly not difficult, especially the labor intensive part of pulling wire and putting switches and receps in. This guy won't allow you to save that money.
@g.g9897 Жыл бұрын
Would love to get this information in writing to sit down with my family because we like what we see in the Barndominium .
@johnhouseman3985 Жыл бұрын
A good video to put out here.. I have not seen any other builders of Barndominiums do this.. I don't expect you to answer this because it is more of the lender question but others may be thinking the same. What about if you are trying to buy a place that is already completed or if you have built lived there & forever what reason must move & sell. Do they or others lend on competed Barndominiums..
@trevorminer3413 Жыл бұрын
Does a VA loan qualify?
@JamesValentineBaja1000 Жыл бұрын
Yes
@frontline_window_cleaning7 ай бұрын
Can you be your own GC in texas? Any elaboration on that? Thanks in advance.
@WilliCollins16 күн бұрын
There was nothing said about VA home loans for veterans
@MikeJones-yc5srАй бұрын
Does First Federal do VA Bardominium loans?
@ME-kb8qg3 ай бұрын
After all the calculations, I can’t afford anything 😢
@jw89013 ай бұрын
Remember that when it's time to vote in November. It didn't used to be this hard when Trump was running the show.
@ME-kb8qg3 ай бұрын
@@jw8901 yes sir!
@ME-kb8qg3 ай бұрын
@@jw8901 yes sir!
@bucknuts8824 Жыл бұрын
So a separate, unattached pole building garage/shop is covered?
@mattdeloff4348 Жыл бұрын
Soooo.. can I open an LLC and be the “contractor”?
@JesseWifeBot Жыл бұрын
Excellent question.
@mistymclendon75344 ай бұрын
This was so helpful. I havent found anywhere that was as in depth and complete with explaining the financing process. We are looking to build in Georgia and this was helpful.
@MrPostFrame4 ай бұрын
Awesome I’m glad we could help!
@bl00l0ver Жыл бұрын
Why is Texas excluded from self contracting?
@bmalone0688 Жыл бұрын
I’m also curious of this. In my area there are a TON of barndos being built and I know some who have done their own.
@ThraX_86 Жыл бұрын
Same question here. I live in Texas and was looking forward when I saw this video, and then he drops Texas without explaining. Paul, do you have any information on this?
@prestonstuart2463 Жыл бұрын
Id love the answer to this one. Kind of bummed when i heard that
@MrPostFrame Жыл бұрын
I would still contact Dave. He's very helpful and if he can't take care of you he may know someone who can.
@MrPostFrame Жыл бұрын
I would still contact Dave. He's very helpful and if he can't take care of you he may know someone who can.
@truckingwithtobee8 ай бұрын
Do you have any recommendations for a contractor that builds these types of homes in Southern Nevada?
@dylankadow8428 Жыл бұрын
how about a barndominium that has special exterior look to fit the HOA. For example, I am looking for all the perks of a barndo, but my HOA requires a spanish style/florida style house. Are you seeing this done? I'm not seeing any info on that!
@lordabstract827 ай бұрын
Your first mistake was moving into an HOA. Get your own land and do whatever you want. 💯
@dylankadow84286 ай бұрын
loll the land was passed down@@lordabstract82
@brookekilgore5937Ай бұрын
When he talked about the finished living area can if still be studio style ? My husband and I want it all open except for bathroom and maybe the laundry room
@DaoistMonkey Жыл бұрын
This is awesome that its provided nationwide!
@WatchmanOnTheWall2225 ай бұрын
Love you guys!! God bless you both! Praying for you and your family 🙏🙏🙏
@curtismcdaniel6264 Жыл бұрын
Sweet!!
@sparkyastwo8 ай бұрын
I’m new here and looking forward to purchasing a “Barndo.” Great financial tips, but what about homeowners insurance?
@tetyanasachek3127 Жыл бұрын
Thanks!
@wkp41397 ай бұрын
financing a cicken coop for 30 years in your mortgage? lol
@greaterdesigns1 Жыл бұрын
Great video you two. Continuing to bring true value.
@drunkguy_66399 ай бұрын
how does VA construction loans and having the land work?
@big1979f1508 ай бұрын
So no you will probably not get a DIY build loan.
@rangerdoc1029 Жыл бұрын
I ran out of money halfway through the video . 😞
@industrialawnllc42399 ай бұрын
why cant you be a self GC in Texas?
@tq7517 Жыл бұрын
Will they lend for construction on land zoned agriculture?
@E095660 Жыл бұрын
Basically you have to hire everthing out
@JamesValentineBaja1000 Жыл бұрын
Nothing down with va
@lsieu10 ай бұрын
This is super informative. Thank you so much for sharing this info.
@Jessehermansonphotography3 ай бұрын
Being a journeyman concrete finisher and journeyman Carpenter. I’m not subcontracting that out. I could save 20-30% on being the GC but I could save ALOT more by doing that work myself. I guess I will have to figure out financing for the land and cash build the house.
@MrPostFrame3 ай бұрын
This lender + a lot of lenders allow for the full GC of the project. They will also allow DIY for anything you’re a professional at- so concrete/carpentry for you would be allowed. People also hire their other pro friends to be the one billing for the job but you can do the labor if your contractor feels comfortable with that. There are ways to get it done + finance it especially for folks connected in the trades.
@wallfly0131 Жыл бұрын
Is it a compound interest loan ?
@JeffCichocki Жыл бұрын
I’ve never heard of a lender that doesn’t charge compound interest.
@SolidworksUnlimited Жыл бұрын
There is another type that's called a simple interest loan, where the interest is recalculated after each payment, so you pay less interest because their risk goes down by that payment amount. If you decide to pay a little bigger payment you get charged less interest because your balance went down, encouraging you to pay it off faster. I try to get the simple interest if at all possible. Saves you thousands in the duration of the loan.
@naseerenshallah42767 ай бұрын
Thank you!! Very helpful
@rae3534 Жыл бұрын
Are barndo shells covered
@fentongal Жыл бұрын
LOVE you guys! Thanks so much for sharing all this valuable info!
@paulg213210 ай бұрын
From my research, Oklahoma doesn't allow the homeowner to be the General Contractor
@MrPostFrame10 ай бұрын
A lot of those options are county dependent, and yes sometimes state wide.
@jimremington716 Жыл бұрын
Thanks for the information on this the wife and I have been trying to figure out the amount we would qualify for to build our Post and frame home this gives another lender to talk to.
@MrPostFrame Жыл бұрын
Glad it was helpful!
@dawsonreynolds6354 Жыл бұрын
So you have to have 20% down for a land + barndominium loan?
@345345asdasd6 ай бұрын
yeeeeaaaaa... thats pretty much where I shut off the video as well homie... maybe in my next life.
@rongrose3746 Жыл бұрын
Great information.
@joha7484 Жыл бұрын
❤❤❤❤❤
@hopehealsinternationalmini4291 Жыл бұрын
Great information!
@MrPostFrame Жыл бұрын
Thanks for watching
@dragbikedemon Жыл бұрын
What's the interest rate?
@dfoltz268 Жыл бұрын
Interest rates vary depending on the current rates and your income/credit scores/ability to pay. The current interest rate would really not be of use in a video like this as it would not be the same for others looking to buy/build.
@av1204 Жыл бұрын
Can you GC a more traditional build?
@zandertunes96026 ай бұрын
Yes
@Overpar73 Жыл бұрын
It's so funny that this video came out today as we went to our bank this morning and signed for our money to build our new post frame shop. Now we just need the City to finish the final review and Emily to finish up the new estimate and contract to get started on the build! We are getting so excited to get started on the build!!
@cdbullandbear Жыл бұрын
May I ask what bank you used? Thx
@sakostwwy1903 Жыл бұрын
Excellent video. We are at that stage now. Thank you!!
@johnnyripple8972 Жыл бұрын
We’re you able to secure financing?
@JamesValentineBaja1000 Жыл бұрын
@@johnnyripple8972guess not
@C94J Жыл бұрын
fantastic video ya'll! Thank you so much for doing this Q&A.
@patbateman6729 Жыл бұрын
I'm really wanting only1600 sq ft living and 2000sq ft shop, Fannie mae possible?
@MrPostFrame Жыл бұрын
I would honestly contact Dave. Considering the smaller square footages it may be doable.