How to Develop Ground Up Rental Real Estate: From Building Team to Finding Land Development Deals!

[@RehabValuator]

WATCH THIS NEXT after this video if you want to go deeper on building rentals: kzbin.info/www/bejne/bXaqpp2Vfqt1iZY

[@perfectshotfilming]

Hello, great content! My name is mike. I'm based in RVA and would love to connect with on a deal. whats your email?

[@TobiaszKobielski]

Great video. A year ago I watched this and tomorrow is my first pre-consultation meeting with a city for a redevelopment project in Ontario, Canada. After 7 years of restoring old homes, this is a very exciting time. Thanks for all your guidance.

[@RehabValuator]

That's freaking awesome! Congrats and hope it goes well!

[@gracefulyhwh220]

SUPER

[@thedcgirl202]

PHENOMENAL presentation, Daniil! So many gems!

[@RehabValuator]

Thank you!

[@houseofsada43]

Great video you can see his passion for real estate when he speaks!!

[@RehabValuator]

Thank you, Alex!

[@thedcgirl202]

As always, Thanks for providing great value, Daniil!

[@RehabValuator]

You're welcome!

[@FinanciallyLitFathersMovement]

Is the Inner Circle still available 🤔

[@RehabValuator]

Yes. RehabValuator.com/inner-circle

[@igonz22]

Great video. That was a master class on real estate development

[@RehabValuator]

Glad you found it useful!

[@ramizayed3853]

Great content. Love the “outside of the box” thinking. Cheers

[@RehabValuator]

Thanks 👍

[@dtub10]

WOW! As a wholesaler who’s pivoting from wholesaling SFH to vacant lots/infill lots as a segue to development (my end goal with real-estate), this was so helpful and VERY insightful.

[@RehabValuator]

Very glad to hear it!

[@KamaluddinPanhwar]

I saw many videos but this guy has realy points, He is amazing in rental business. His ideas are realy worth of try. I will definitely view more of this series videos

[@victorialockheart5213]

Thank you for this valuable information. I'm looking to learn more about Chesterfield County, specifically 23113 and 23114 zipcodes. But many points can be transferred to any locality.

[@savvyprints871]

Great Info 🔥🔥🔥

[@RehabValuator]

Glad you found it valuable!

[@mikecaribe]

I absolutely love it!

[@RehabValuator]

Glad to hear it! :)

[@markmcgrath2803]

Daniel, meet you years ago. We had lunch and you showed me a couple of projects you were working on. (I new an architect that worked for at the office you used.) Your ability to share what you were working on has always stuck with me. Thank you for all the content.

[@RehabValuator]

I remember, Mark! Nice to hear from you!

[@gregmayer2083]

I i vi

[@gregmayer2083]

@@RehabValuator BP po 49:38 v 😮 b lo 😮b i onion olbn

[@TimHarveybuysrealestate]

What a class. Hate I missed it in person.

[@RehabValuator]

Next time!

[@dallasbell6156]

this video is golden

[@RehabValuator]

Thank you!

[@ladyjinla1725]

Great content priceless information thank you Daniel Kleyman

[@RehabValuator]

Glad you enjoyed it and you're welcome!

[@ziggyc4474]

This dude is the man !!

[@RehabValuator]

Thank you!

[@ovingtonprophete8798]

Do you do classes?

[@RehabValuator]

Yes. Usually here: www.RehabValuator.com/inner-circle

[@deepikaatkinson4111]

Good insights Thanks so much.

[@RehabValuator]

You're welcome!

[@jeremiahologhobo6952]

Thanks for the knowledge!

[@RehabValuator]

You bet!

[@jeromeandjoyceminor1952]

Danill, great info, great software product and great industry tips. Do you do any MFH deals outside of VA. I'm an aspiring apartment developer in SE and looking for a solid developer for partner/consultant/mentor. On first 1-2 projects.

[@RehabValuator]

Appreciate the compliments! Only doing development in VA for the time being. Going to roll out a development training/mentorship group though in 2023 so stay tuned! Subscribe to Rehab Valuator in the meantime if you want to stay in touch, get new content and updates.

[@TheeRealDuPree]

Any recommendations for finding quality/trustworthy Contractors/architects? (Hampton roads area)

[@RehabValuator]

I cover that in this video actually. Get local referrals from people you trust. It's simple and it works.

[@ziggyc4474]

Is there a tip that we can use to tie up a lot but get time to change the zoning like a 60 day 90 day maybe just to subdivide and resell it to a builder also when u subdivide do we get specific to what i zoned it for say a 4 unit or 2 unit complex etc ?

[@RehabValuator]

I cover that in one of the examples in this video. For land 90 days due diligence plus time to close (another 30 days) is normal, especially for commercial. If you're dealing with small residential lots then sellers typically expect a quick close (30 days). If you're planning to rezone, be upfront with the seller about what you're doing because they'll have to sign off anyway. And explain to them that in order to give them the price they want (or get close to it) you need to do this and increase the value of the land to what they're asking.

[@ziggyc4474]

@@RehabValuator man so knowledgeable is there a mentorship i wanna learn 1st how to subdivide lots and also then developing.

[@ziggyc4474]

@@RehabValuator amazing

[@ziggyc4474]

Where would you show or how do you show potential tenants what you will build to get them to Prelease on a computer or like a small prebuit model of what u will build and they come in to your office to see it or do you send them the finish product by email or a website you may have ?

[@RehabValuator]

Our property management software creates marketing for us and syndicates it to listing sites. We just use pics of similar projects we've completed in the past

[@cici_47]

this is great!

[@phillipwright9697]

Wow so eye opening. Question: In your experience is it typically more economical to build two duplex on two lots next to each other, or rezone into one big lot and build a quad? Thanks.

[@RehabValuator]

Cheaper in our area to build 2 separate duplexes attached

[@livingingreenvillenc6904]

When is the next class??

[@RehabValuator]

Next bootcamp is in 2 weeks but I won't be speaking at that one. Still a ton of knowledge there: elitedealmakers.com/

[@livingingreenvillenc6904]

@@RehabValuator dang, I can’t make it. Family vacation. Can I purchase the recording?

[@CoachAric]

For a traditional up down duplex. What would you estimate to be your total non construction and non land purchase cost? Architect, engineer, permits, filing fees etc? Thank you for the awesome content!

[@RehabValuator]

Ballpark $5-7/ft for all soft costs on residential. More like $10-$12 for commercial (3 units and higher)

[@CoachAric]

Awesome. Thank you!

[@tw2800]

The real presentation begins at 2:51

[@RehabValuator]

True! :)

[@darrylhill3460]

Architects I've met do NOT usually do highest and best use of land analysis. A city planner consultant split up my land for a fee. Do you have an architect or person for this role on your staff already?

[@RehabValuator]

Hi Darryl. Great question.. Most architects I work with are able to figure out what can be built by current zoning and optimize the lot for that with the constraints of the current zoning. "Highest and best use" is often not what current zoning allows though. For that we use a zoning consultant that helps upzone land via various methods to their highest and best use.

[@Mike-hf7kd]

How do i make my own template?

[@RehabValuator]

Mike - sign up for Rehab Valuator Premium software here and you'll have ability to do everything I show in this video: www.RehabValuator.com/upgrade

[@thepondererscrivens4379]

By definition or by law does a quadroplex have to be attached by a roof or could they be individual buildings built on the same plot of land

[@RehabValuator]

I think a quad would have to be under one roof. I don't think there's a "law" that applies to this in legal sense though

[@economicdevelopmentplannin8715]

I assess the viability of a career using different tools. One, is BLS, from the federal government. Notably, a real estate developer isn't exactly an occupation BLS will tell you exists. There's a page for realtors and property management professionals, but not the developer. Possibly because no one will hire you to be a developer. This is an occupation you choose typically if you are deploying your own cash. The number of job postings on any job board that will hire someone based on their ability to develop real estate projects using your software, is negligible. Using the information we do have, BLS forecasts clearly that the job prospects for realtors and property management professionals is small and slowing. The question becomes, is there room for growth in the developer occupation, or is it a saturated market and skill not worth learning?

[@luissanchez5383]

No one hires developers because they are the ones hiring everyone else. They hire contractors, realtors, managers etc etc, and yes only a few actually develop because it requires a lot of knowledge and money. They do cash out refi and rent, or sell the properties to generate income. It’s definitely a career

[@economicdevelopmentplannin8715]

@@luissanchez5383 being a pro athlete is also a possible career option, but a highly improbable career option. I think being an RE developer is possible, but doing very profitable deals consistently is improbable to most people...

[@KevinMcClain13]

Sounds like you already talked yourself out of becoming a developer lol

[@economicdevelopmentplannin8715]

@@KevinMcClain13 I think it's worthwhile learning how to manage all the major asset classes, in case they're given to us by the prior generation. If Grandma gives us her house, for example. But for investments, I wouldn't recommend it because it's definitely not passive. Stocks holding long-term are more passive. As an occupation, I think the market is very small and saturated. Easier money is accessible in other industries. Immense competition for land, property, and real estate assets. It only works if you inherit property, AKA Donald Trump...

[@orcacapitalllc]

As a lifetime owner of construction companies I do not see where code variation for commercial apartments built like typical apartments would add cost due to "more" costs. What "codes" would you be referring to?

[@RehabValuator]

Building by residential code (single families, duplexes, etc) does not require (at least in my market and most markets) sprinkler systems, backflow prevention, stormwater retention, engineered MEP drawings, engineered structural drawings, ongoing fire monitoring costs, and a number of other items. This all adds up to a bare minimum of additional $20-$25/ft in our deals

[@riumudamc4686]

$125/sq/ft is a low cost. How do the contractors offer new construction at such a low cost? Thank you

[@RehabValuator]

Totally varies market by market, by product quality and by your ability to execute projects, source your own subs, materials, etc. What costs me $125/ft may cost someone else in my market $150/ft

[@leeroach3381]

Very helpful Thank you for sharing

[@RehabValuator]

You're welcome!