How to Get Free Land! Real Estate Development Training on Zoning and Upzoning

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RehabValuator

RehabValuator

Күн бұрын

Пікірлер: 214
@eugeneninnie3754
@eugeneninnie3754 Жыл бұрын
As an architect as developer for 30 years Dan has articulated the method that I have always used in laymans terms. I have used Dans software in other rehab smaller deals that have a higher profit margin than larger deals. Dan is the real deal! Thanks Dan!
@RehabValuator
@RehabValuator Жыл бұрын
Appreciate the kind words and the endorsement!
@jabrecialightfoot4763
@jabrecialightfoot4763 Жыл бұрын
I've been trying to figure out how to become a real estate developer for a very long time and you are the first to break down deals like this! Thank you! You have a new follower for sure!
@RehabValuator
@RehabValuator Жыл бұрын
Fantastic! Love hearing that!
@jenniferoviawe
@jenniferoviawe 9 ай бұрын
Yes he's the best!!!
@jenniferoviawe
@jenniferoviawe 9 ай бұрын
Yes he's the best!!
@lukang72
@lukang72 Жыл бұрын
This is so much better than the garbage I've paid $5k for. Thanks so much!
@RehabValuator
@RehabValuator Жыл бұрын
Glad you see the value! :)
@sarahadam5406
@sarahadam5406 Ай бұрын
thanks for educating all of us. America needs more people of your type.
@RehabValuator
@RehabValuator Ай бұрын
Appreciate the kind words and you're very much welcome!
@johnscranton5668
@johnscranton5668 22 күн бұрын
What was really great about this was the fact there were options. And, each option made sense and had awesome profit potential. The part that was best of all is you sharing the education.
@RehabValuator
@RehabValuator 21 күн бұрын
Always good to have profitable options! :)
@paulbernd
@paulbernd Жыл бұрын
I have been watching your content for more than a year now, and in that time I got my real estate license and left my law enforcement job to be full time in real estate. I don’t own any investment properties yet but that’s on the horizon and every time I watch your content I get pumped to eventually invest in real estate and develop my own rental properties! Thank you for always giving us this invaluable content and I’m looking forward to more! Paul from Winchester, VA
@RehabValuator
@RehabValuator Жыл бұрын
Glad to hear that, Paul and thank you for your service! And congrats on switching careers!
@uhhcrave
@uhhcrave 10 ай бұрын
Please don’t stop what you are doing! Please! We love it!
@RehabValuator
@RehabValuator 10 ай бұрын
Can't stop. Won't stop
@justinhunte6267
@justinhunte6267 6 күн бұрын
AMAZING VIDEO. Please dont go anywhere. when im ready im coming back to all these videos!!!! Dont ever delete these haha
@RehabValuator
@RehabValuator 5 күн бұрын
Not going anywhere :)
@efrainrosario5894
@efrainrosario5894 10 ай бұрын
Becoming a builder has not been in my RE investment scope, until now. This explanation is so powerful, getting FREE LAND, FREE EQUITY, FREE PROFIT and most importantly, FREE PASSIVE INCOME, is something that surely, no one else has ever taught me how to do. Thank you Daniil, invaluable information. Blessings, ER.
@SpartanFilms1997
@SpartanFilms1997 Жыл бұрын
Thank you for your content. I have a meeting with a developer and hopefully my future mentor, so i have been studying your videos in preparation for our first lunch together.
@RehabValuator
@RehabValuator Жыл бұрын
You're welcome and good luck in your meeting!
@ElectricDaruma
@ElectricDaruma 5 ай бұрын
This is exactly what Ive been searching for for months. Nobody except you seems to spell this out step by step.
@RehabValuator
@RehabValuator 5 ай бұрын
Glad you found us!
@kerrickmoore2596
@kerrickmoore2596 Жыл бұрын
Best video on the topic I’ve ever watched. Thanks for this content.
@RehabValuator
@RehabValuator Жыл бұрын
You're welcome and glad you liked it!
@willyoung6891
@willyoung6891 Жыл бұрын
You are definitely right that other developers, on KZbin at least, don't teach what you teach. Great stuff D! Thanks!
@RehabValuator
@RehabValuator Жыл бұрын
You bet!
@manoloosoandrade
@manoloosoandrade Жыл бұрын
Another fabulous learning, Daniil! Thank you for sharing your knowledge, experience and sagacity with us, allowing us to open our minds and see beyond the obvious, as you say, "where others do not see it." Impeccable Daniil, thank you very much.
@RehabValuator
@RehabValuator Жыл бұрын
You're very welcome!
@KeithHogan-pb6ri
@KeithHogan-pb6ri 8 ай бұрын
I appreciate the strategy and the way you explained how to see the Free Land before you had broken ground on the project. Outstanding!
@RehabValuator
@RehabValuator 8 ай бұрын
Glad you liked it!
@josephsandgathe5897
@josephsandgathe5897 9 ай бұрын
Thanks for showing the ins of townhouses. Sweat equity through upzoning is smart. This training shows something special to bring to the table.
@RehabValuator
@RehabValuator 9 ай бұрын
Very true! Always good hearing from you, Joe!
@josephsandgathe5897
@josephsandgathe5897 Жыл бұрын
This is perfect training for those of us who enjoy creating new projects. This really cleans up our environment. Development is complicated. You slow the examination down to bring the moving parts to examine. That is very interesting. You teach me what is important and to study these areas to get really good at. Thank you
@RehabValuator
@RehabValuator Жыл бұрын
Right on Joseph!
@Uniquess09
@Uniquess09 Жыл бұрын
Thanks for this! Love how you went from the buyer to the seller AND builder! Profit from both directions 👏🏽
@RehabValuator
@RehabValuator Жыл бұрын
Glad you liked it!
@gregbainer2430
@gregbainer2430 Жыл бұрын
That's pretty incredible and eye opening! Your projects are always inspiring!
@RehabValuator
@RehabValuator Жыл бұрын
Thank you!
@carlwimmer2022
@carlwimmer2022 10 ай бұрын
Great info. I am very interested in more content like this. Opened my eyes to yet more options for investing.
@donttrippthewire
@donttrippthewire Жыл бұрын
What you do here on KZbin is a blessing to all. I am learning my way into RE investing and my end goal is to develop affordable housing and low-income subsidized housing here in Los Angeles , CA. I have so many questions id like to ask you in regards to your opinion on development of properties I previously mentioned, how you feel about local and state government regulations/incentives/partnership/ etc. would the inner-circle be the best route to have the questions answered? Thank you for your time and the priceless knowledge you share inside your videos 💯👍
@RehabValuator
@RehabValuator Жыл бұрын
That's a great mission - affordable housing. We need a LOT more of it. I think Inner Circle is a good place to start - we don't train exclusively on development there but rather a wide array of real estate topics. But it's a good place also to get access to me (Daniil) and ask questions.
@Cpay2me
@Cpay2me Жыл бұрын
Loved the info, been watching for years, also purchased rehab eval in the past, best stuff on the market.
@RehabValuator
@RehabValuator Жыл бұрын
Great to hear that! Thank you for being a client!
@geraldbiddy986
@geraldbiddy986 6 ай бұрын
As A Seasoned Design/Build Firm I Am Pleased With The Continued Education Experience With Him.
@RehabValuator
@RehabValuator 6 ай бұрын
Glad to hear it and appreciate the endorsement! :)
@bogdank8472
@bogdank8472 Жыл бұрын
Thanks for the info Daniil! Really appreciate your time and effort you put into your videos.
@RehabValuator
@RehabValuator Жыл бұрын
You're very welcome!
@RehabValuator
@RehabValuator Жыл бұрын
Make sure you check out our channel (and subscribe) for more detailed videos on development, including creative deal making!
@tmac4jesus
@tmac4jesus 7 ай бұрын
This and the developing duplex video areis amazingly close to a deal I’m trying to put together right note. Truly appreciate you and your team! ❤
@RehabValuator
@RehabValuator 7 ай бұрын
Glad it was helpful!
@brucewood8063
@brucewood8063 8 ай бұрын
Great job Daniil extracting opportunities from land!
@RehabValuator
@RehabValuator 8 ай бұрын
Thank you!
@slavick10
@slavick10 Жыл бұрын
Bro, this is mind-blowing and grossmeister-level 3D-chess on steroids that is definitely not taught in school, but should be studied in details as a case analysis. Brilliant idea, excellent execution! I looked up the developed units and they came up beautiful!! The rates environment changed quite a bit but having quality-built spec homes should be a good hedge. Thanks for sharing! Looking forward to more videos!
@RehabValuator
@RehabValuator Жыл бұрын
Yeah buddy. The final product so far has turned out awesome. All rentals are leased. Just got an offer on the 1st spec home last night so things are moving!
@raymondmontoya7861
@raymondmontoya7861 Жыл бұрын
Eye opening Brain twisting content. I will be looking at everything to fnd opportunities that others are missing because I will see what others do not! Thank you so much!!
@RehabValuator
@RehabValuator Жыл бұрын
Awesome, Raymond!
@Tradehouse4Money
@Tradehouse4Money Жыл бұрын
Always a great lessons, Daniil. Thanks for the motivation boost.
@RehabValuator
@RehabValuator Жыл бұрын
You're welcome!
@GourRealEstate
@GourRealEstate 4 ай бұрын
Thank you for sharing this! Learned a ton!! :)
@RehabValuator
@RehabValuator 4 ай бұрын
Glad it was helpful!
@thomasangelucci3720
@thomasangelucci3720 10 ай бұрын
I think I may have been in that awesome development. Great presentation once again Daniil. FYI, Rehab Valuator is the only tool I use. I look forward to meeting up again soon, keep the projects coming.....TA
@RehabValuator
@RehabValuator 10 ай бұрын
Yep you were in that one, Tom. Look forward to catching up soon!
@zedmak
@zedmak Жыл бұрын
I love ur vids so informative. I am going to start from the beginning
@RehabValuator
@RehabValuator Жыл бұрын
Awesome!
@TheRealElmerUrias
@TheRealElmerUrias Жыл бұрын
Amazing knowledge brother! Thanks for sharing and keep doing more videos please!
@RehabValuator
@RehabValuator Жыл бұрын
You're welcome!
@marnitamitchell6931
@marnitamitchell6931 Жыл бұрын
Good info...I was told the same thing about learning about zoning in my area...Thanks!
@RehabValuator
@RehabValuator Жыл бұрын
Glad it was helpful!
@albertinomendes4954
@albertinomendes4954 9 ай бұрын
Thank you for your time Sr, Thank you for sharing your knowledge.👏🏿🙏🏿🏡
@RehabValuator
@RehabValuator 9 ай бұрын
You're quiet welcome! Glad we can be of service
@erichscharf
@erichscharf 7 ай бұрын
Rinse and repeat baby. Rinse and repeat. ❤‍🔥❤‍🔥❤‍🔥❤‍🔥❤‍🔥❤‍🔥Looking forward to seeing the deep dive on the duplex ❤‍🔥❤‍🔥❤‍🔥❤‍🔥❤‍🔥
@RehabValuator
@RehabValuator 7 ай бұрын
For sure! Make sure you check out the video I put out after this on duplex development
@Dariomedrano1
@Dariomedrano1 Жыл бұрын
amazing content as usual Daniil!
@RehabValuator
@RehabValuator Жыл бұрын
We aim to please :)
@monikamarvel4247
@monikamarvel4247 6 ай бұрын
Great Content once again, I love the 'Up-zoning' and Option #2 was staright Ninja from Daniil Kleyman the Land Development Guru❣
@RehabValuator
@RehabValuator 6 ай бұрын
Appreciate the great feedback!
@approachfromtherough
@approachfromtherough Жыл бұрын
I did learn. A little mind shift. Nice!
@RehabValuator
@RehabValuator Жыл бұрын
Glad to hear it!
@mustseevideos7777
@mustseevideos7777 11 ай бұрын
Astounding information Dan!!! Ty!
@RehabValuator
@RehabValuator 11 ай бұрын
You're welcome!
@mr_bailey7834
@mr_bailey7834 9 ай бұрын
YOU ARE AWESOME SIR!!
@RehabValuator
@RehabValuator 9 ай бұрын
Thank you very much!
@FlyNavy1
@FlyNavy1 8 ай бұрын
Daniil, Excellent content as always. I especially love the fact that as an immigrant to the U.S., you have created the "American Dream". Question: In my previous experience, I have found that developers will pay ~20-25% of their final market value for the land. Do you agree with this basic metric or has it changed given the current interest rate environment? Lastly, are you currently only doing build-to-rent or are you also buying existing multifamily with value-add? Thanks.
@RehabValuator
@RehabValuator 8 ай бұрын
I think in my market 20-25% of As Built Value has and still is a decent rule for for-sale product. I try to stick under 20%. Not so with for-rent product. That number is lower for sure. At the end of the day you need to run your numbers to get to the right offer especially on build to rent. I recently released 2 videos here on youtube on that topic. And I am only doing ground up. No value add currently.
@c.t.murray3632
@c.t.murray3632 Жыл бұрын
I've been studying real estate investing for a couple years. And this is a team effort and you have answered my question how to invest in potential lands . I would love 10 acres to put modular homes for veterans or seniors or single parents. When I go to the planning and zoning board , which questions should I be asking as a beginner investor .
@herefornowXIX
@herefornowXIX Жыл бұрын
Awesome, I want to do the same. Build shelters and group homes for vets and women fleeing domestic violence.
@RehabValuator
@RehabValuator Жыл бұрын
Learn to look at existing zoning to see what can be built "by right". Then talk to planning about what options are on the table to rezone land and which areas to the use you desire.
@shawngillikin2620
@shawngillikin2620 10 ай бұрын
I thought it was a brilliant strategy. We’ve owned a 4.4 ac track for 70 years, adjoining a small county hospital and running adjacently behind the neighboring Drs office. We would ❤ your input for development.
@RehabValuator
@RehabValuator 10 ай бұрын
Hard to give input based on that little info :) Find the highest and best use for that land given what's going on around it and what your county wants to see there
@justicegarcia1
@justicegarcia1 4 ай бұрын
Curious, what are the essential boundary partners and how do you find them, how do you leverage zoning consultants. What are three action steps one can take literally right now? Great video, look forward to learning more!
@RehabValuator
@RehabValuator 4 ай бұрын
Not sure I understand what you mean by "boundary partners"?
@smittylynch
@smittylynch Жыл бұрын
Thank you, Daniil for putting this out there! One question that came to me while watching this video. In speaking to the seller regarding your plans to develop their property, what is to stop them from just subdividing it and selling the lots individually, once they recognize the potential value of the property? I appreciate and respect your honesty to the seller and I want to emulate that but I can see the potential for losing out by giving out too much detail. Perhaps I am missing a key component of the conversation between you as a developer and the seller?
@RehabValuator
@RehabValuator Жыл бұрын
If I tell the seller my plan before we sign a contract, I guess they're free to do that themselves. But 99% of the time they either dont' know how, don't have the time or desire or resources to execute it. Not something I worry about. Once we have a signed contract, I control the deal
@danield8378
@danield8378 Жыл бұрын
Thank you for putting us on as always Daniil! Do you make the deposit after the initial 90 due diligence? What percent deposit do you typically pay? A super good video idea would be how you navigate the time period where the lots have been rezoned but you have not technically closed on them yet & how you would be able to sell them before this. That is the only part that confuses me and could potentially cause trouble if the lots don’t sell right away. Especially in a higher interest rate environment where listings aren’t moving as fast.
@danield8378
@danield8378 Жыл бұрын
Even if you did a paid mastermind class getting granular on that specific process I would definitely sign up
@RehabValuator
@RehabValuator Жыл бұрын
Deposit goes down when you sign initial contract. And if your plan is to flip the lots, you should be lining up the buyers for it while you're still going through the rezoning.
@RehabValuator
@RehabValuator Жыл бұрын
@@danield8378 FYI I started hosting 2 day in person masterminds where we cover this stuff in detail. Very small groups. Not cheap to attend but if you're interested to get on the waitlist, email me at daniil@rehabvaluator.com
@humbertofabiancorrea2151
@humbertofabiancorrea2151 Жыл бұрын
Wow. Very informative!
@RehabValuator
@RehabValuator 8 ай бұрын
Thanks for the awesome feedback!
@ralphwalker4166
@ralphwalker4166 7 ай бұрын
Great information Would like to speak with you about a project I'm putting together in atlanta
@RehabValuator
@RehabValuator 7 ай бұрын
Congrats on the project! Feel free to shoot me an email: daniil@rehabvaluator.com
@ericm9539
@ericm9539 5 ай бұрын
This is really great information
@RehabValuator
@RehabValuator 5 ай бұрын
Glad you think so!
@terryganas1175
@terryganas1175 11 ай бұрын
very good video although I was aware of tactic you explained it very good
@RehabValuator
@RehabValuator 8 ай бұрын
Glad it helped!
@HpBaek-p1y
@HpBaek-p1y 3 ай бұрын
Thank you so much for the free content! And i have to say the quiet part out loud. If the zoning permit doesnt come through, yes you can walk away from the deal, but youll also be in the hole $15k in soft costs right? Or Am i misundersranding the process?
@RehabValuator
@RehabValuator 3 ай бұрын
Yes that's right. There's always a risk to this that you will lose your soft costs if approval is not granted and it's happened to developers in the past. So choose your battles carefully!
@HpBaek-p1y
@HpBaek-p1y 2 ай бұрын
@@RehabValuator thanks for the reply! And again, love the free content you put up. I would love a video explaining the first steps to “choose your battle”. Or how to get conviction to take the next steps.
@Avelina-e5s
@Avelina-e5s 10 ай бұрын
Very informative Thank You so much!
@RehabValuator
@RehabValuator 10 ай бұрын
You're very welcome!
@jnx6650
@jnx6650 4 ай бұрын
Great oppurnity to learn the game, I was doing research and nobody talks about it. their must be lots of gatekeeping to keep the inventory high.
@RehabValuator
@RehabValuator 4 ай бұрын
Correct. Not many talking about this!
@VantageMo
@VantageMo Ай бұрын
10:30 would you be creating these plans with your land use attorney/ your architect/ or both? Really appreciate the content! Recently started developing in the NJ market and am currently building my team while looking for an initial lot for my first project (hopefully a duplex for residential code but I would undertake a commercial fourplex project if it worked) I have been using the software as well to help with comps and presentations!
@RehabValuator
@RehabValuator Ай бұрын
Awesome! The plans are created by architect with help of the surveyor for siteplans
@VantageMo
@VantageMo Ай бұрын
@ Thank you! I have been looking to find an architect I will be partnered with for a long time so this gives me one more question to ask when vetting! Can I also ask if you recommend sharing your plans with your agents to help them look for lots? I have been and wanted another perspective.
@cortaviusjohnson9131
@cortaviusjohnson9131 4 ай бұрын
Thank you for this! Do you close on the land with the seller before going to the bank and using the land as equity? And if so did you use your own cash to close?
@RehabValuator
@RehabValuator 4 ай бұрын
Yes and yes :) But you can just as easily bring a cash partner in to fund the land. Or you can line up land takedown + construction loan before you close. Lots of ways to structure these deals
@CLJINDUSTRIESINC
@CLJINDUSTRIESINC 9 ай бұрын
Really awesome stuff.
@RehabValuator
@RehabValuator 9 ай бұрын
Thank you!
@IPDAIV
@IPDAIV Жыл бұрын
Thank you Daniel
@RehabValuator
@RehabValuator Жыл бұрын
You're very welcome!
@brodude2002
@brodude2002 5 ай бұрын
Can you share the plans for the duplex and townhouse you did? Or lmk how I can buy them.
@RehabValuator
@RehabValuator 5 ай бұрын
All of our plans are our architect's intellectual property so I can't share or sell them.
@caua1660
@caua1660 11 ай бұрын
my county only allows me to build duplex on a residential land... my land is commercial, only way I could build the duplex is if I rezone to residential or there is another way? Also they only let me build on 40 % of the land, rest would be for parking, green area etc... any tip to use for that too??? thanks,
@RehabValuator
@RehabValuator 8 ай бұрын
You could downzone it to residential. Also this is why rezonings and conditional use permits exist - so that you can develop something not currently allowed by zoning
@3darien
@3darien Жыл бұрын
Thank you, Daniil. Top notch explanation. The financing part comes naturally to me. Where can I learn more about construction?
@RehabValuator
@RehabValuator Жыл бұрын
Best place to learn about construction is through experience :) Most of our development content deals with pre-dev which is the truly challenging part.
@claytonhaymes3310
@claytonhaymes3310 10 ай бұрын
Would you just take the loss on the survey and architect fees if the city comes back and declines your rezoning effort?
@RehabValuator
@RehabValuator 10 ай бұрын
That's part of the risk
@sukhrajaujla8678
@sukhrajaujla8678 Жыл бұрын
So you can get money just from the rezoning ? Like having the plans that they city passed it worth that much ( I'm new to real estate)
@RehabValuator
@RehabValuator Жыл бұрын
yep!
@Bso3350
@Bso3350 28 күн бұрын
Who helped you come up with that contract? Your realtor, a RE attorney? Thank you!
@RehabValuator
@RehabValuator 28 күн бұрын
It was a standard MLS contract with a simple clause in it that I wrote myself
@pe4153
@pe4153 Жыл бұрын
Thanks Daniil
@RehabValuator
@RehabValuator Жыл бұрын
You're welcome!
@aniluzmariano2026
@aniluzmariano2026 Жыл бұрын
Amazing!, where do you find out the marketing and zoning? Where do you find these lands.
@RehabValuator
@RehabValuator Жыл бұрын
Check out this video - I go over a bunch of ways we're finding deals now for development: kzbin.info/www/bejne/nZPRiWqJpdqLbZosi=h6kjtkZflBvQD4UA
@danherman6626
@danherman6626 8 ай бұрын
Awesome info- how large was the initial size of the lot?
@RehabValuator
@RehabValuator 8 ай бұрын
half acre
@melaniemurphy5947
@melaniemurphy5947 5 ай бұрын
This is great. How do you know the land / lots will be valued at 90k?
@RehabValuator
@RehabValuator 5 ай бұрын
Comps
@God-Life-Power
@God-Life-Power Жыл бұрын
Hi Daniel, I'm in the RICHMOND, VA MARKET Currently. Working a 16 unit deal, new build. I would love to connect with you and see if I can PROVIDE VALUE to your Fantastic Team!! I have some exciting projects in the pipeline. 🙂
@RehabValuator
@RehabValuator Жыл бұрын
Awesome! Email me at daniil@rehabvaluator.com and let me know what you have going on!
@alfiz10
@alfiz10 10 ай бұрын
LOVED IT!!!!
@RehabValuator
@RehabValuator 10 ай бұрын
Glad to hear it!
@rhondabarnett2793
@rhondabarnett2793 9 ай бұрын
Just found you, THANK YOU. You have anyone already in the IL area that listen to Your teaching? I was looking to buy a 4 unit multi family I like what you are doing. How can I get IL help?
@RehabValuator
@RehabValuator 9 ай бұрын
We probably have a bunch of people in IL but off top of my head not sure who to connect you with.
@rafaelortiz4267
@rafaelortiz4267 Жыл бұрын
Wow this was an awesome video
@RehabValuator
@RehabValuator Жыл бұрын
👊🙌
@RichBoy572
@RichBoy572 8 ай бұрын
Great stuff.
@RehabValuator
@RehabValuator 8 ай бұрын
Thank you!
@naturalnell11
@naturalnell11 Жыл бұрын
Thank you for sharing! I am curious to know what was your total build cost for the spec homes?
@RehabValuator
@RehabValuator Жыл бұрын
Somewhere around $130/ft
@naturalnell11
@naturalnell11 Жыл бұрын
Thank you for the valuable insights! We appreciate it@@RehabValuator
@RehabValuator
@RehabValuator Жыл бұрын
@@naturalnell11 You're very welcome!
@rosiedelisca414
@rosiedelisca414 3 ай бұрын
I absolutely loved this video. You don't get this anywhere for free.
@RehabValuator
@RehabValuator 3 ай бұрын
Appreciate the awesome feedback!
@alpinismutilitar3886
@alpinismutilitar3886 Жыл бұрын
Love your video.
@RehabValuator
@RehabValuator Жыл бұрын
Thank you!
@THE_APOSTLE215
@THE_APOSTLE215 Жыл бұрын
Very informative 👍🏾
@RehabValuator
@RehabValuator Жыл бұрын
Glad you liked it!
@claytonhaymes3310
@claytonhaymes3310 10 ай бұрын
This is great stuff! Thank you! However what happens when the seller sees your proposed layout and decides not to sell the lot to you and takes the idea for himself/cut you out of the deal? How would you avoid this?
@RehabValuator
@RehabValuator 10 ай бұрын
You need to control the deal. Have a valid contract. I cover that in the video
@claytonhaymes3310
@claytonhaymes3310 10 ай бұрын
Could you time stamp where you cover this in the video? I must of missed it. @@RehabValuator
@daleiurillo8621
@daleiurillo8621 Жыл бұрын
Hey Daniil, in your example I did not notice any demolition costs, what was the actual costs to remove existing structure ? Thank you ! Dale - long time member
@RehabValuator
@RehabValuator Жыл бұрын
Demo costs ran about $25k but we put that into hard costs for actual construction here for the purpose of analysis
@rondayvu9400
@rondayvu9400 9 ай бұрын
Danlii.. are all your segments on software I can order to use as a reference library?
@RehabValuator
@RehabValuator 9 ай бұрын
Not sure I understand your question. Can you clarify please?
@bigairbc
@bigairbc 4 ай бұрын
Question, just to be clear. Your selling the smaller subdivided lots while the main lot is under contract?
@RehabValuator
@RehabValuator 4 ай бұрын
You can presell the smaller lots while the main lot is under contract
@bigairbc
@bigairbc 4 ай бұрын
@@RehabValuator thankyou
@AyeeItsZo
@AyeeItsZo Жыл бұрын
Hey Daniil great video! Quick question, I know first the 5 lots were 90k each but then you subdivided them to 12 lots but how are you able to sell them for 90k since they are much smaller lots than the original 5 lots? Wouldn’t they be worth much less?
@RehabValuator
@RehabValuator Жыл бұрын
That's a totally valid question! The value of the lot is based on what you can build on it. So the 5 single family lots "by right" could each hold a single family home with a resale of about $450k max in this market. The new lots, even though they're smaller, are now each entitled for a single family home with an ABV still of around $450k each, so the value of the lot stays about the same. Duplex lots arguably are worth more here so my #s are conservative.
@stellahamenterprise1237
@stellahamenterprise1237 Жыл бұрын
Good video
@RehabValuator
@RehabValuator Жыл бұрын
Thanks
@stephens2850
@stephens2850 9 ай бұрын
Great video. Did that contract say that you gave the seller a $10k non-refundable deposit?
@RehabValuator
@RehabValuator 9 ай бұрын
We don't do non-refundable deposits. Contracts are always contingent on satisfactory due diligence and successful rezoning (if applicable)
@SpreadNinja
@SpreadNinja Жыл бұрын
Can we attach the duplexes if it is separate lots?
@RehabValuator
@RehabValuator Жыл бұрын
Depends on local code but usually yes.
@beautefulfaces
@beautefulfaces 4 ай бұрын
🔥🔥🔥 new subscribers
@RehabValuator
@RehabValuator 4 ай бұрын
Awesome!
@trindon9439
@trindon9439 4 ай бұрын
What was your convincing argument to the county to get them to approve your proposal? Also, what was your internal selling point to yourself that made you believe the county will approve your proposal?
@RehabValuator
@RehabValuator 4 ай бұрын
We need more housing and housing that's (relatively affordable). This was a project that created 16 new homes where none were before. It's a no-brainer for the county
@Tykoon25
@Tykoon25 Жыл бұрын
How can i learn the zoning codes in my area? What do you suggest because when i go to the city, deriding who assist me give me a differnt answer,
@RehabValuator
@RehabValuator Жыл бұрын
Every locality should have an actual zoning codebook. Written down and available puclicly
@raphaelwoods8241
@raphaelwoods8241 5 ай бұрын
This is some serious free game
@RehabValuator
@RehabValuator 5 ай бұрын
Sure is!
@tmac4jesus
@tmac4jesus 7 ай бұрын
You just earned my subscription with just two videos🎉
@RehabValuator
@RehabValuator 7 ай бұрын
New goal: should only take 1 video! :)
@salvationinvestors4097
@salvationinvestors4097 Жыл бұрын
hey! I tried to get that 50% discount and all I saw was a video! What's the direct link? I clicked it hours before it was over!
@RehabValuator
@RehabValuator Жыл бұрын
what's your email?
@caua1660
@caua1660 11 ай бұрын
anyone one could explain me why he would divide de lot of his land??
@Airupthere2010
@Airupthere2010 2 ай бұрын
What if you spend all the money to get the plans approved and then they deny the plans?
@RehabValuator
@RehabValuator 2 ай бұрын
That's certainly a risk you have to take into account
@CFamilyAdventures
@CFamilyAdventures 9 ай бұрын
I'm a little confused on how the upzoning of the plats keeps the value of them the same. If you split 5 lots worth 90k each into 12 smaller plats. Wouldn't that decrease the value of each Plat to 37.5k? Ex. The 5 lots at 90k =450k Split lots = 450k ÷ 12 lots = 37.5k each plat.
@RehabValuator
@RehabValuator 9 ай бұрын
This is a perfectly reasonable question to ask. The value of each lot is ultimately determined by what can be built on it. Even when it was 5 bigger lots, each one could house a single family home and in this market I'd never build anything priced over let's say $500k. So that puts the value of each lot at $90k or so. Now I have 12 lots but I can still build a $450k-$500k house on each one. So the lots are still worth roughly the same as larger lots. It's an oversimplification but generally holds true.
@probst9999999999
@probst9999999999 Жыл бұрын
So what happens if it is not approved, are you out that $29k then? How do you avoid something like that happening, is it just you have a good sense of what they will approve or deny?
@RehabValuator
@RehabValuator Жыл бұрын
In your initial 90 Day Due Diligence, meet with the planning department and local decision makers (councilpeople for example) and take their pulse. See if they would be receptive to this project. Meet with any other stakeholders. You'll have a better sense whether to pursue this or not.
@juangoodtrade5571
@juangoodtrade5571 Ай бұрын
I am a non US resident but a visa holder Can I do this legally?
@RehabValuator
@RehabValuator Ай бұрын
Yes
@vv.crei.d
@vv.crei.d Жыл бұрын
⚡ Love. It. 🤩🌇💯🌻🌻🌻
@RehabValuator
@RehabValuator 8 ай бұрын
Glad to hear it!
@byronholman9228
@byronholman9228 Жыл бұрын
🔥🔥🔥
@bobfranklin5410
@bobfranklin5410 9 ай бұрын
How do we stop it that is the question.. it's becoming disgusting in my area...
@RehabValuator
@RehabValuator 9 ай бұрын
Move somewhere else!
@bobfranklin5410
@bobfranklin5410 9 ай бұрын
@@RehabValuator no.. If I did id be a hypocrite... It's not free land.. I have nothing against this video.. it's just they keep building houses here on code restricted plots and they're (I guess ) condemning said homes after construction.. latest adventure is someone trying to build too close to drain easement and flood plains.. Empty homes is an eyesore... ✌️🙏☝️
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