I Built a Quad. Here Are My Real Costs. (Real Estate Development and Build to Rent Training)

[@RehabValuator]

Leave me your thoughts, comments, questions below! Free Land Due Diligence Checklist: RehabValuator.com/land 4 Duplexes Real Costs Video: kzbin.info/www/bejne/Y6qaiZV9jLOtbNk The Software Used In This Video is called Rehab Valuator. It does everything from deal analysis to lender presentations to full project management and tracking! Get 2 Week Test Drive Here: RehabValuator.com/trial

[@alpinismutilitar3886]

Thank you!

[@RehabValuator]

@@alpinismutilitar3886 you're welcome!

[@breemichellekelly3049]

Im so interested in building me one i bought mines built already but i want to built my own​@RehabValuator

[@ajtorres2549]

Thanks for sharing this information! Would be very interesting to hear what rents you were able to generate and what your yield on cost for the project was.

[@psychoT233]

The amount of value you provide for free is unreal. Thank you so much.

[@RehabValuator]

You're welcome! Glad you found the channel

[@BJ-fu4zy]

Just built a duplex. Thanks for all you do 🙏🏾

[@RehabValuator]

That's awesome! Congrats! Got more coming?

[@BJ-fu4zy]

@@RehabValuator Yes indeed! I used your software to get a higher appraisal amount too. Sent the appraiser comps from your software and they raised the appraisal amount 💪🏾

[@RehabValuator]

@@BJ-fu4zy love it!

[@SpreadNinja]

Where did you build?

[@RGforLife22]

@@BJ-fu4zycan we see on google maps?

[@miketoronto8308]

"I don't show any Lamborghinis or any of that bullshit", proceeds to show his Lamborghini of a wife lol. Congrats on 8 years man!

[@RehabValuator]

Haha...punching above my weight for sure. Thank you!

[@danielsanchez-n4v]

What a great job, I congratulate you. For the last 30 years as a general contractor I have dedicated myself to developing income producing properties in different cities, as long as market conditions allow it. I would like to exchange some experiences with you.

[@FunkInvesting]

This information is amazing for those who are trying to get into Multifamily! Thanks for sharing!

[@RehabValuator]

100%

[@EarthianZero]

Wow - the internet is amazing. This is top tier content. Thank you!

[@RehabValuator]

You're very welcome!

[@Bjl001i]

Thank you for being generous by sharing and teaching your experience and numbers.

[@RehabValuator]

You're welcome!

[@Coemuze]

Congratulations on your wedding anniversary. May the journey ahead be filled with love, lots of money, good health and beautifully-raised children, grand-children and great-grand kids. Thank you for all you do!

[@RehabValuator]

Thank you so much!

[@jeffnorman3014]

Thanks. Building a second home for my family and look forward to using your spreadsheets

[@RehabValuator]

They're much more than spreadsheets! :) But yes, glad to hear it and reach out to us for help. We have awesome support

[@KirkThomson]

Fantastic information. Thank you for the breakdown of everything.

[@RehabValuator]

You're welcome! Thanks for watching

[@DK8-8]

As an Architect myself, I appreciate your clarification to the viewers about the drawings being the Architect's intellectual property. Clients after paying their Architect has the right to use the plans for the intended purpose for that particular property, only. Clients don't have the right to re-use the plan for a different property or sell it to a third party.

[@RehabValuator]

Yep. Exactly. But we get asked all the time to just "send me some drawings" or "can I buy your plans?"

[@danawaldrop4930]

If a person buys the plans once - can they use them to build 3 more exact same buildings on the same property or would they need to pay for 3 more sets of plans? Also, who do you contact first to ask questions on the land purchase - a builder, a developer, or an architect? Is a developer required or is that up to the builder? Thanks for your help!

[@zzalehaa]

You are a very generous builder / landlord -- you think about others and their safety, there's not many like you. 😁

[@p.douglas]

Great video! Thanks for sharing your real world experience.

[@RehabValuator]

My pleasure!

@ 43:06 I think you did the right thing by spending all the extra money on the balcony. If you had cut corners and say there was a party and a lot of people are on the balcony and it collapsed, you would be legally liable big time for cutting those corners. Also had you used wood or other materials you would have to replace those decks over time as they rot or get worn.. the cement and metal will last a whole lot longer so its basically doing it right the first time and not having to do it over again and costing a lot more down the road is actually cheaper in the long run even if its expensive up front.

[@RehabValuator]

It's definitely sturdy construction. Not going anywhere. Will have to paint steel every 8-10 years but otherwise fairly low maintenance

[@marykingdom-g2s]

@@RehabValuator Instead of using wood why not use the artifical decking which is lifetime and Sturdy. No maintenance and last for many years. Is there a reason why that type of material was not considered?

[@RehabValuator]

@@marykingdom-g2s we use composite decking all the time in other projects

[@Danilyn_Livao]

Wow, this is incredibly informative! 🙂 I really appreciate you sharing your journey with us. This is definitely inspiring for anyone looking to take on a similar project!❤

[@RehabValuator]

Glad you enjoyed the video!

[@savatyreutov4329]

Hey, Im a New Real Estate Developer here as well.. I'd love to see a video on your 16 unit across the street. Cost & returns broken down.. I just finish 4 residential code tri plexs, 12 units in my area & my next project that I already have land for is 24 units commercial. Id love to see how you did your 16 units so I can learn . Thank you

[@RehabValuator]

Will try to do that one next. Still auditing my costs!

[@savatyreutov4329]

@@RehabValuator awesome, thank you

[@Alucard6961]

Very excited to see a new project. My wife and I are watching your videos to learn how to do just this in Colorado

[@RehabValuator]

Awesome!

[@postwala2667]

Me in colorado as well...join hands.

[@obeto756]

Daniil, thank you for all the valuable info on building. I notice you have no half baths in any of your units which usually come in handy if tenants have guest. Have you gotten any feedback from tenants over the years?

[@RehabValuator]

Half baths are a nice touch but we don't find that in our units it's worth the cost. It also eats into livable space. We typically make at least one of the baths accessible from public areas of the unit (living space) and that works just fine. If you have room and $ to add half baths, then definitely do it

[@saulgoodman3994]

Surprising enough I stuck through the whole video, usually I get bored when anyone talks about numbers, but this was much more interesting. I would consider learning more about the process of building a residential building. Preferably rebuilding an old building and turning it into a duplex. Is there any advice as to how you got in this business?

[@RehabValuator]

I got started rehabbing single family homes. Did that for a while then moved into new construction with small projects: single families and duplexes. Once you've done a bunch of rehabs transitioning to ground up is almost refreshing - more predictable and fun.

[@sharongordon-smith176]

Everytime I get an email from Daniil, I stand to attention. So inspiring.

[@RehabValuator]

No need to stand to attention. Just click whatever I send you in the email :)

[@legacyrydeshare3478]

Definitely 👍🏾

[@zisobhururuwanzeve]

Besides the roof job as you said I wouldn't regret anything as in cutting costs. You created more value for your tenants and made a better investment for yourself. Thanks for your time and info may the sky be your limit!

[@RehabValuator]

Right on! Spend a little more $ but build a better quality product that tenants will enjoy for years to come

[@WhatWillYouFind]

@@RehabValuator Better quality product on your end means you pass off this value to your children when you pass away . . . as the building will likely survive and be passed on to them. a long term perspective?

[@RehabValuator]

@@WhatWillYouFind potentially. If my children are interested in the business. But either way we try to build to last!

[@DanielDuranx]

Always enjoy watching your videos. Thank you good sir!

[@RehabValuator]

Very welcome, Daniel!

[@danielouellette7434]

Curious here in Canada in NS they would have required an alternate exit path for fire escape. Plans looks great! wish I could do that here

[@RehabValuator]

It's code dependent and depends on the max distance of egress from the furthest point in the unit. For this size building we only needed one egress. For a larger building, more

[@ramgonzales8079]

Excellent content. Do you have a video analyzing the cashflow for this project? I'm working on a possible triplex but numbers aren't looking so good so far. Also, how did you address parking?

[@RehabValuator]

It cashflows clean about $600 per door. What kind of cash on cash return are you seeing in your analysis? These days if I am hitting anything north of 6-7% during first year, it's good enough. Cost of construction and cost of $ are still high but over the long run these projects are awesome wealth builders

[@ramgonzales8079]

@@RehabValuator Right now I can't even get it to pencil. Total cost of $825K (hard and soft plus land). Lot is 50x100. Midblock. 3 units, 2/2.5, 1100sf. Rents at 1,800 ea (San Antonio). What are your units renting for in Richmond?

[@RehabValuator]

@@ramgonzales8079 run it through Rehab Valuator (follow the training in my other videos). You can even use the free version for the analysis. Curious what your cash required and cash on cash will be. Your rents are probably a little low. The 1100sq ft units in this building rent between $2100 and $2400

[@jesusrivera-martinez3043]

Watching from Lynchburg, Va! Bought 2 acres in a prime location with similar plans to build, but I dont know how to get the financing started. I'm still learning from your videos!

[@RehabValuator]

Awesome! Make sure you watch this video: kzbin.info/www/bejne/bnfIkp5_lLx8otk. Go talk to local community banks in Lynchburg and talk to a bunch of them.

[@jesusrivera-martinez3043]

@RehabValuator thank you for the reply! I'm 26 with great credit, so I'm hoping for something good, I just want to set up my 1 year old daughter for the future

[@Motivation_Impossible_]

Appreciate the real value you bring thank you for your content.

[@luo6963]

So interesting and informative. Thank you.

[@RehabValuator]

Glad you enjoyed it!

[@not2late2game53]

Happy Anniversary ! You are blessed :-)

[@RehabValuator]

Thank you very much! Indeed

[@Evan-f5u9s]

Super interesting content. How much do you think was saved in construction by having a vacant lot next to the building versus only have access to a 30' wide lot from the front and back?

[@RehabValuator]

Being able to stage there helped us logistically but we would have made it work without it, so probably not a ton of actual $ savings

[@bettyhopper6350]

That was wonderful. So well done.

[@RehabValuator]

Glad you liked it!

[@XYZ-Drafting_and_Designs]

Thanks a lot, Daniel. Happy anniversary.

[@RehabValuator]

Thank you!

[@lasha4585]

Thank you, quads will work perfectly for my plan. 😃

[@RehabValuator]

Awesome!

[@bryangordon9715]

Great piece, thank you. Apologies if I missed this but what are the total rents for the four units?

[@RehabValuator]

No worries. Total rents are a little over $9k/month

[@Neog2]

Holy Cow had no idea siding would cost more than plumbing, and nearly as much as electrical and concrete costs. That's insane. The overbuilt balcony is a Plus I love seeing it. The roof you said you could have went with a simpler design towards the end of the video. My question is was there a specific reason you originally decided to go with that design? Having a Parapet wall that only covers two portions of the roof seems kinda strange.

[@RehabValuator]

I agree - the roof could be simpler here. It's part of the look and the architectural design so we went with it but if I build this building again I'll probably simplify the roof design.

[@kevinmaloncon4802]

Quick question, the map you show towards the end of this video does the local part represent the county? City? or both? For instance, would one need to know the codes/ordinances for all three in a State like CA where I live? Thank you

[@RehabValuator]

So in CA it looks like there's a state building code with local amendments, which means the way they will interpret or enforce building code in specific counties will vary county to county. Learn the state code first then look at local requirements that differ from the state code (usually more restrictive than state code)

[@josiemaromi6981]

Amazing educational video!! Thank you for educating us!! 😄

[@RehabValuator]

You're welcome! Glad you enjoyed it.

[@simdabusiness]

Love the videos. Thanks so much for sharing!

[@RehabValuator]

You're very welcome!

[@ensignavenger]

Wow, thanks for creating such a detailed cost breakdown and sharing it with us! Question: At what point in the process did you develop the budget you were comparing your actuals too? It sounds like it was before the design was finalized? Also, how much time do you spend with your architect discussing costs and how to reduce them? At one point in the video you mention the balconies could have been built for less but you decided to go with that design to test it out. You also mention the roof design being more expensive. On the ADA ramp, how large of a ramp was that? Seems like a huge amount for a single ramp that apparently goes from the parking lot/sidewalk up to the first floor?

[@RehabValuator]

Bulk of the budget was built after design was finalized but in this project I made a bunch of design and buying decisions in the middle of the project as well. The ramp was 5' wide but pretty long. It's a lot of concrete.

[@AmbiguousAbsolute]

Love your stuff! I was wondering if you have covered how to get reliable tenants and what that process looks like? I'm planning on building a triplex or quadplex and living in one of the units as a first time home buyer hoping to take advantage of an FHA construction loan; however, I'm concerned about the amount of time it may take to get tenants in the door. Can the schedule for when mortgage payments start after construction completion be flexible?

[@RehabValuator]

We have covered that in one of our Inner Circle trainings - specifically on leasing and property management. It's available along with about 4 years of other archived trainings if you sign up: RehabValuator.com/inner-circle

[@mekon1971]

Would like to see some of your small/medium mixed use buildings. How do you account for your Project Management fees on this type of project? I'm assuming you acted as PM/GC but how do you account for that?

[@RehabValuator]

We (for now) hire 3rd party GCs on all these projects. On this one I paid a fixed management fee for the job rather than cost plus or GMP.

[@TheDanMan06]

Hi I just found you today. I want to get into incremental development/ missing middle housing. I believe your videos will be valuable to be so thank you!

[@RehabValuator]

Awesome. Missing middle housing and incremental development is exactly what we focus on both in our business and in teaching so you're in the right place!

[@TheDanMan06]

@ what type of teaching? Is it a program or are you taking about the KZbin channel?

[@RehabValuator]

@@TheDanMan06 youtube channel. I am working on something more formal for next year also - fyi

[@cheddaman5169]

Pretty cool I designed something similar for a arch design class years ago

[@RehabValuator]

Awesome!

[@shakibs1002]

Beautiful. I wish there was neighborhoods full of these with atleast 4 detached parking lots that are subcontracted with each housing units, as in if the block had 1000 hosuing there should be atleast 5000 car parking lots thought private sector parking lot business per block. Never want to rely on on-street parking or driveways.

[@xBUSYWORKSx]

I live in Richmond, know that exact spot, am also looking into building on a skinny lot lol. small world. The property Im looking at is barely under the needed size for zoning and would need an exemption from the code though which is risky.

[@RehabValuator]

Small world!

[@GihanElzahaby]

Hi, just been introduced to the channel yesterday I think you are adding a great value and was wondering if this material you are providing could be applied in Canada or just in USA?

[@RehabValuator]

Yes absolutely, though every market is different in terms of development feasibility, zoning etc. But there's plenty of real estate development happening in Canada :) I was in Toronto a year ago and that city, for example, is exploding

[@BelieveMotivations]

Nice! Will Start in this in Sweden soon just need to work some capital up.

[@RehabValuator]

Let's go!

[@gavsout2489]

Hey so I was watching one of your videos yesterday and you mentioned a book titled something along the lines of “middle ___ between” I could’ve sworn I wrote it down but I cannot find my note. May you please re-share the name of the book please?

[@RehabValuator]

Missing Middle Housing

[@herveprophete1286]

Thank you for your wisdom♥️💯 GOOD WORK‼️

[@RehabValuator]

You're welcome!

[@zoranvidanovic9244]

You are a blessing and an inspiration. Thank you. See you shortly

[@RehabValuator]

Appreciate the kind words!

[@Evandbec]

What's the average cost to build per square foot we should be underwriting at for residential builds? I'm in eastern Washington/north Idaho, so somewhat average build costs. Not as expensive as Seattle, San Francisco, LA etc. Thanks!

[@RehabValuator]

If your build costs are similar to ours, we're building residential between $125 and $140/ft depending on finishes, who is GC'ing, etc. Have you seen this video? kzbin.info/www/bejne/Y6qaiZV9jLOtbNk

[@Truelille.providence]

Amazing video explanation, thank you!!! for sharing. We also reviewed your software. GREAT tool!

[@RehabValuator]

Glad it was helpful and glad you like the software. Definitely a powerful tool for these types of projects.

[@rezatashakori2]

It’s the same building code for quad in LA as well but the 3” fire meter costs me 70k for the fourplex

[@RehabValuator]

Yikes!

[@carlossaysroar]

Thank you for sharing.... I'm building an 8plex on the island of Roatan...ran out of cash 70% in.... Tough to get financing here so it's all been savings.... Any suggestions for me to finish this project without using a bank loan?

[@RehabValuator]

Sorry to hear that! Can you bring in an equity partner to finish the rest? Then refinance once construction is complete and return all or bulk of $ to partner

[@josephlundy3534]

Thank you for educating instead of entertaining. I look forward to the rest of your videos and eventually your programs

[@RehabValuator]

Thanks for watching!

[@saddlepiggy]

21:32 who are you paying the waterline fees to? What does it include and why does it cost so much compared to labor?

[@RehabValuator]

The fees are paid to the City/county

[@virtualhomestaging8291]

This is exactly we are looking for.🎉

[@RehabValuator]

Glad you found us!

[@cbhayden1]

Your videos are exactly what I have been looking for as far as detailed breakdowns of rental properties. My concern is timeline. How long does it take to get your budget numbers? Feels like it could take a year just to get your price per square foot math ready? What is your normal timeline for crunching numbers?

[@RehabValuator]

It's always harder the first time. Once you do your 1st project, you will have a much better handle on TRUE costs in your market and estimating future projects will get easier. In the meantime, if you check out the pre-built templates we give you inside Rehab Valuator Premium, they get you about 70% there at least initially with scopes of work and rough pricing: rehabvaluator.com/apartment-building-construction-template

[@RehabValuator]

In addition to my comment above, if you simply take a 80-90% ready set of plans to GCs (good GCs) they can estimate the project within a few weeks and give you full bids. That's an alternative vs. doing it all yourself.

[@tw2800]

Hello Danil, Thank you for this great content. You explained in a prior video that you used to work in finance pre 2008. Did you earn your general contractors license after you left corporate....how did you get your foot in the door doing rehabs and new construction? Are you self taught? Thank you Danil

[@RehabValuator]

After 2008 I got in the game doing one house at a time, all rehabs. Grew from there.

[@tw2800]

@@RehabValuatorHow did you learn the skills for construction rehab? Did you teach yourself? Did you have a mentor? Did you earn your contractor license to dive into residential rehab? Thankyou!

[@RehabValuator]

@@tw2800 I learned by doing. Started with small rehabs, asked a lot of questions, learned, scaled. Don't be afraid to ask questions even if you may look dumb. I am still asking questions all the time and learning!

[@MrCoolProjects]

What software are you using for your construction budget?

[@RehabValuator]

It's in the video :) Rehab Valuator Premium. You can see the project management capabilities here: rehabvaluator.com/project-management

[@Easyservice-x8q]

I love watching all your videos

[@RehabValuator]

Glad to hear it!

[@Easyservice-x8q]

@RehabValuator You make very nice videos

[@Easyservice-x8q]

When will you upload the next video?​@@RehabValuator

[@RehabValuator]

Soon! :)

[@Easyservice-x8q]

@@RehabValuator I always look forward to your videos

[@mancinidesignbuild]

Regarding you balcony structural floor beams, Unless your Authority Having Jurisdiction (AHJ) did not allow it, would it have been possible to use a backspan of a 3 to 1 ratio? This would save money on the vertical columns. I have done this type of cantilever on a few projects and renovated 100 year+ rowhomes with original cantilevered bedrooms with around 5' of cantilever with 1" thick old growth siding board that had no evidence of deflection or sagging. I now advice clients not to add a roof deck or balcony cost to a project since people rarely use them.

[@RehabValuator]

Yes, I believe we could have cantilevered with a 3 to 1 ratio. I am not a fan of cantilever systems as you're making a lot of penetrations into the building that have to be flashed very carefully. But yes, that likely would have saved $ vs. steel

[@legendaryrecords1]

Great info but how does it apply to the bottom line we are in the business for, did you profit? What was your lending set up? Are you in positive cash flow at completion or are you at a negative until a certain amatorized period? Thanks

[@RehabValuator]

Great questions. That was beyond scope of this particular video but this building cashflows net over $2,200/month. I have a 6% mortgage (12 months through construction and then fixed for 5 years)

[@jackonthefarm5540]

Are your stated $/SF referring to the lot SF or the building SF or both depending on whether item is the lot or the building?

[@RehabValuator]

Always the building sq ft (gross sq ft not net)

[@alexiscruel4009]

Great video as always . So if I watched it correctly did it cost you 164k to build and what is the arv? Are you self financing or using new construction loans? Are you getting 3-4 quotes on each trade or already have ppl in place from past projects ?

[@RehabValuator]

No. It cost just under $1m to build and ABV is roughly $1.3m. Yes we get multiple bids on everything :) Always

[@jessed6379]

Ive always wanted to do this

[@RehabValuator]

Then let's get going ;)

[@amirshirazi3590]

I am doing a 10 unit mix use. I feel you

[@RehabValuator]

It ain't easy out there :)

[@bocamax]

I enjoyed the video. You said the property cash flows great from day 1 (at least when fully occupied). However, you put 50% cash down and borrow 50%. How can you grow if it takes nearly 200 months to recoup your investment. Do you refinance it to a higher percentage of market value after it is fully rented to recoup your 50% out of pocket investment? If it cash flows with 75% LTV (or higher) then it seems fair to say it is cash flow positive. But saying something is cash flow positive when you had to invest 50% of the total cost out of pocket doesn't seem like a high bar. Can you explain your process of extracting your initial investment & when you do that? Thanks.

[@RehabValuator]

I love these types of questions and you're smart to ask them. In this deal I have ability right now to refinance and pull out a big chunk of the cash I have in it. We normally don't put in anywhere near 50% of the total costs in cash. Generally we borrow as much as the projected DCR will allow. I show the process for figuring max leverage in a bunch of videos including this one: kzbin.info/www/bejne/jIjPlHdnfd94m5I . But the answer to your question is: yes, I tie up cash in these deals for a few years but it's typically less than 35% of total costs. No way around that right now given interest rates. The goal is then to grow rents and amortize the note so that most or all remaining cash can be pulled out in the first 3-5 years.

[@robertleparulo]

What are parking requirements in this area? That is always a limiting factor for me in Florida where I am

[@RehabValuator]

Richmond, VA recently waived parking requirements entirely but we still put 4 spaces in the back here

[@onwike]

Are you not expected to have at least 2 means of egress for each apartment in your county?

[@RehabValuator]

In certain scenarios but not here

[@onwike]

@RehabValuator I see. That is very interesting. In my location, they require two points of egress and a fire suppression system. Congrats on the build. It is a good-looking 4 unit building, which is tough to pull off.

[@worldpeace1822]

A lot of light is nice … but it can also be a negative if it does not ground you in that place …. It can make people restless if you have windows all around. Also it reduces your possibility to put something like a shelf to the wall.

[@leebstill]

I’m building 3 post framed quads in Tennessee right now. Costing me just under 200k each, that includes all the landscaping

[@leebstill]

Each unit is 1200 sq ft

[@RehabValuator]

@@leebstill $200k per unit or per quad? If it's costing you $200k to build 4800 sq ft, that sounds too good to be true

[@riumudamc4686]

200k for 4 units? That seems very low. Can you clarify if it is for 4 units or per unit? Thanks

[@leebstill]

@@RehabValuator $200k per building, it’s not to good to be true 😂 it’s the type of construction I am using that’s saving me so much very popular in the south and the area is not expensive for labor. I sourced my own materials and the town does not have crazy permitting processes or costs, also the rental market is very strong but the most I could rent these units for is $1250 a month unless I market to the influx of people moving from out of state.

[@leebstill]

@@riumudamc4686$200k per building which has 4 units in it, please research post framing construction and how affordable and flexible it is. Also it’s because of the area I’m doing it in, to do this in my old city of Philadelphia it was going to cost over $700k to do 1 building

[@legacyrydeshare3478]

I want to visit the finished product. Way to go pal…🇺🇸

[@RehabValuator]

All the units are leased so no more tours :)

[@legacyrydeshare3478]

@@RehabValuatorwe know you have at least 5 more in the pipeline…🤝

[@RehabValuator]

@@legacyrydeshare3478 lots of stuff in the pipeline! Are you on our email list? I host private developer masterminds occasionally and we walk current projects.

[@MrGeezy954]

How can I get on the email list? ​@@RehabValuator

[@gambino617]

@@RehabValuatorare the private developer masterminds part of the inner circle membership?

[@shannoncrider6014]

Hi, I was under the impression that quads qualified as residential, that it is anything larger than a quad that would cause it to go over to the commercial side? Is that based on location? My knowledge is limited, so forgive me if this is a silly question.

[@RehabValuator]

I address this very specifically in the video. Building codes vary by state and even jurisdiction sometimes

[@Evandbec]

Awesome video! What is the average rent for each unit?

[@RehabValuator]

Between $2k and $2400/month

[@abdulazeezkazeem4666]

Great analysis! What is the projected gross income on this property?

[@RehabValuator]

It grosses about $9k/month in rents

[@DealSavvyREI]

IKEA cabinets looks luxurious and are way less expensive! The IKEA pantry is DEEP and WIDE! Super easy to install! Take a look at them next project! I think you could have saved thousands!

[@RehabValuator]

Thanks for the tips!

[@whymindsetmatters]

I thought anything over 5 units was considered commercial code. Quads should still be under residential? Or does it depend on the state your in?

[@RehabValuator]

I cover that in the video. Building codes vary by state and sometimes by locality

[@jonschaffer4410]

Great information!!

[@RehabValuator]

Thank you!

[@discokillers8674]

Real info. Thank you.

[@RehabValuator]

Glad it was helpful!

[@azerko]

As a Brazilian, we use bricks not lumber. It always amazes me how much quicker and simpler your construction processes are but, at the same time, how fragile buildings are. Also, on the roofing we tend to use ceramic tiles or impermeable concrete. It's a very different construction concept.

[@RehabValuator]

We use brick on some projects but it's so expensive that makes many projects untenable

[@breemichellekelly3049]

Years later keep updated plumbing i am building side by side i hate a leak from inside down to unit under it was a headache to find the problem

[@wrenchaholic_]

13.54 where does the tv go?

[@RehabValuator]

Valid question! Not a lot of obvious spots for it. I would put it on a tv stand between the 2 sets of double patio doors.

[@RealtyByLance]

Well done!

[@RehabValuator]

Thank you!

[@spec1147]

$6/sq ft for framing labor sounds like a pipe dream to me. The quotes I'm getting in San Diego are $17-22/sq ft! Thanks for transparently sharing your process as always.

[@RehabValuator]

Holly cow! $17-22/ft just for labor? Is it unionized?

[@spec1147]

@@RehabValuator Some of it is. Most won't even entertain the conversation because I am providing lumber myself. They markup the materials by double on top of that crazy labor rate.

[@RehabValuator]

@@spec1147 insane. May be time to leave Cali! :)

[@spec1147]

@@RehabValuator I've been gone (TX + AZ), I just got back to build these 4 duplexes on this property I've owned for 5 years ;) Too bad I'm a surfer addicted to waves

[@whymindsetmatters]

Big difference between Richmond VA and San Diego

[@bill2292]

Great insight, thank you!

[@RehabValuator]

You're welcome!

[@j.jarvis7460]

PORTFOLIO OF NORTH OF 60M WHAWAAATTT??! ps: wow 30' wide isn't jack.. well done! also where I'm from we have to have two sets of stairs. surprised it isn't this way everywhere.

[@RehabValuator]

Depends on code in every jurisdiction. In our case if the longest path of egress is over x feet in a building then you need 2 exits. In here we were fine.

[@lovelylife56]

Do the over view for the 16 apt like this video... ❤

[@RehabValuator]

Working on it! :)

[@10tenman10]

Wow; steel and concrete balconies.

[@gleneverett9728]

Outstanding

[@RehabValuator]

Glad you think so!

[@10tenman10]

Really nice.

[@RehabValuator]

Thank you! Cheers!

[@familyhealthprep2771]

Is it a requirement to be licensed to do what you are doing?

[@RehabValuator]

Not to be a developer

[@familyhealthprep2771]

@@RehabValuator Do you have a video how to start with your software for a noob? I have land already but need a basic overview.

[@RehabValuator]

@@familyhealthprep2771 let me know if this one is helpful: rehabvaluator.com/new-construction-tutorial

[@danielsanchez-n4v]

Good job

[@RehabValuator]

Thank you!

[@keiogunn]

Great video

[@RehabValuator]

Thank you!

[@reviewsbyHP]

So the cost per unit was about 40k correct?

[@RehabValuator]

Cost per unit to build? No, not $40k. I wish! :)

[@Tyellisx]

so how much in total did the entire project cost ?

[@RehabValuator]

It's in the video

[@Tyellisx]

@rehabvaluator so basically $200,000 for the whole build and land

[@RehabValuator]

@@Tyellisx no. Look around 16:45 at the very bottom of the screen in the "actual" column . $986k for soft+hard costs. Land was about $90k.

[@TRINITY-ks6nw]

Thrilling Thank you

[@RehabValuator]

Welcome!

[@1desiloader999]

He likes to flood with natural light 😊

[@RehabValuator]

I am a foreigner. English not my first language. Would you phrase it differently? :)

[@riumudamc4686]

Unfortunately the windows will probably be covered with curtains or blinds for privacy. Semi-transparent curtain/blinds will allow some light through.

[@RehabValuator]

Sure but they can open up the blinds all the way and let the light in

[@riumudamc4686]

@@RehabValuator unfortunately in my experience they will leave them closed all the time for privacy, which is unfortunate because of the planning and cost that goes into trying to provide ample natural light

[@lilworth]

no parking?

[@RehabValuator]

You gotta watch the video :) Parking in the rear