Leave me your thoughts, comments, questions here! And check out the links in the description above for additional training and resources.
@mikewilliams4947
Ай бұрын
Super valuable content Daniil!
@RehabValuator
Ай бұрын
Glad to hear it, Mike!
@ynezwells7180
Ай бұрын
Daniil is very clear and concise compared to other "building experts". Daniil is unselfish with his information and time. I used the rehab valuator to do a funding request for a fix and flip. The lender immediately gave me the funding at 100%. Thank you Daniil. I look forward to doing more deals for my non-profit.
@RehabValuator
Ай бұрын
@@ynezwells7180 wow that's awesome! 100% these days is not easy to get so glad we could help with that!
@donaldcozart-amos8690
22 күн бұрын
If you can do duplexes, why not Fourplexes? Since you can use conventional financing up to 4 units.
@luisacosta2280
Ай бұрын
Most people will never talk straight truth, including mistakes, oversights etc. Much respect for this insightfull video overview
@RehabValuator
Ай бұрын
Thank you. Mistakes are how most of us actually learn :)
@adamcaruso6345
26 күн бұрын
CPA here, I strongly agree with @luisacosta2280’s comment. Everyone talks, very few actually walk through their real numbers and fewer ever show their budget versus actual. Refreshing video.
@rhinopaul115
Ай бұрын
Your videos inspire me. My goal is to build a duplex before next summer.
@RehabValuator
Ай бұрын
Love it. Let's go!
@mrandolph529
Ай бұрын
This was very good. I'm in the trades and I'm glad you highlighted the order of which trades follow each other, a lot of folk don't miss that important step. I'm looking to start building within the next year.
@RehabValuator
Ай бұрын
Make sure you check out the rest of our long-form content on youtube. Will definitely help you get started!
@yadeno6169
Ай бұрын
I wish you the best! I am currently doing research and hopefully in the future I will start building as well. God bless, brother.
@yasiral-drugh9186
Ай бұрын
Thank you for sharing this with us Danill. Always looking forward to a new video from you
@RehabValuator
Ай бұрын
My pleasure!
@iamLeBlu
8 күн бұрын
You’re about to change my family’s life 😢 thank you
@RehabValuator
8 күн бұрын
Wow - let's hope so! Keep us posted :)
@aakashpatel8518
29 күн бұрын
We need something similar for commerical properties! This break was beautiful.
@RehabValuator
29 күн бұрын
Working on a similar video for commercial actually!
Ай бұрын
@ 2:36 Those are very nice looking buildings that have good character
@RehabValuator
Ай бұрын
Thank you!
@lisafarmen9367
Ай бұрын
I have already downloaded and printed out the land checklist. .thank you!
@RehabValuator
Ай бұрын
Awesome! And you're welcome.
@Mark-e5g
10 күн бұрын
Hey Lisa
@redentojohnson4340
3 күн бұрын
This was powerful!!! Thank you.
@RehabValuator
3 күн бұрын
Glad it was helpful!
@RichardTomasini
26 күн бұрын
Plus the depreciation on the back end w taxes… great video
@RehabValuator
25 күн бұрын
Yep!
@gracescircle4471
Ай бұрын
I’ve watched this video so many times 🤦🏾♀️ it’s addictive
@RehabValuator
Ай бұрын
Better than being addicted to most other things! :)
@macontractors8072
Күн бұрын
Thank you for this video. very informational.
@RehabValuator
Күн бұрын
You're very welcome!
@brytonsalinas1680
Ай бұрын
I'm 20 years old with a fencing company that leans mostly into gates and their openers- I'm going to build myself up alongside my career and catch up to you. I don't know how but I'll have my own companies to build my own portfolios as well. nice vid btw
@RehabValuator
Ай бұрын
Dude! You're 20 years old and already have your own company. That's fantastic. Keep going and I am sure you'll catch up to me in no time. When I was 20 I was getting drunk at college and chasing girls (most unsuccessfully). Grow the fencing company so that it generates consistent operating profits for you. Then reinvest those profits into long term assets that will grow your wealth and give you cashflow for life. Even if you start very very small but do it consistently, you'll wake up at 30, 35, 40 and be incredibly well off
@TheRicosauve
Ай бұрын
Daniil GREAT video...I've been viewing your videos for some time now and motivated more now than every to GET STARTED. Thank you for laying out the playbook...I already have identified three potential opportunities in my area based upon it.
@RehabValuator
Ай бұрын
That's awesome! Glad you're taking action!
@d.c.poolecustomhomesllc8842
Ай бұрын
This is great. The first one I seen that was not B.S. Great knowledge.
@RehabValuator
Ай бұрын
Make sure you check out the rest of the content on the channel - ton of similar videos there!
@spec1147
Ай бұрын
Have you ever considered building multifamily with steel? We're getting quotes that save us $30K per duplex.
@RehabValuator
Ай бұрын
What market are you in? We've only used steel for certain structural purposes but not everything else is stick built.
@spec1147
Ай бұрын
@@RehabValuator I'm in San Diego. Framing costs will be $30/sqft total, but with roofing and siding it's about $48/sqft. If we do steel, we don't need to worry about roof or siding. Our cost would be $24/sqft. I'm a little nervous about it though.
@Tazmynia14
Ай бұрын
@@spec1147 I provide light steel in CA for residential
@osuave7811
Ай бұрын
@@spec1147 For the gullible. It reminds me of the first snake oil sales men MEET KEVIN video "How I started to invest in real state with zero money" come to find out, he actually got a $35K family loan.🧐
@ToddBizCoach
Ай бұрын
@@spec1147your costs for roofing and siding seem terribly high. Are you building one story or two story? Why use steel when you can use ICFs?
@Man-u-flex
Ай бұрын
Congrats on your success brother I’m also a first generation immigrant from Albania, and I have zero knowledge outside of nyc/north nj area which I think is much more expensive to find a available lot if any.
@RehabValuator
Ай бұрын
Thank you!. There are opportunities everywhere. You just have to know where to look. Check out this video: kzitem.info/news/bejne/qYtjx2ZsgnWEqHY
@Man-u-flex
Ай бұрын
@@RehabValuator Ty brother
@DanielBohensky
25 күн бұрын
Sounds like Richmond landscaping requirements are pretty strict, however your avg rents definitely help considering those costs
@RehabValuator
25 күн бұрын
Yep very true!
@milzalino
Ай бұрын
Have you built a custom home? Would love to see an in depth breakdown for a single family home. Excellent Video
@RehabValuator
Ай бұрын
We build spec houses all the time. Haven't done custom homes. It's on my list to do some videos on spec home building
@anthraX__26
Ай бұрын
i found this video valuable. Wish i had a mentor to have learned this early in my life, but time to get started in this
@RehabValuator
Ай бұрын
Never too late to start. Now's as good time as any
@adventconstruct
20 күн бұрын
Nice breakdown Daniil, I’d love to start building here in Oklahoma, how did you finance your first project, was it a single family home, new construction or fix and flip?
@RehabValuator
20 күн бұрын
I got started doing single family renovations, mostly gut renovations, then scaled up
@adventconstruct
20 күн бұрын
@@RehabValuator is that what you’d recommend, I’ve been in construction for over 30 years and need to make a transition from doing the work daily. Unfortunately my credit isn’t great currently.
@RehabValuator
19 күн бұрын
I personally think it's a good idea to have some rehabbing experience before you dive into new construction but it's not necessary. If you've already been doing construction, what you now need is to source deals and line up $$
@uhhcrave
Ай бұрын
Hey! Love this channel, any books you would recommend? ALSO highly advise you write a “book” or a land development handbook - I would totally buy. Thanks Daniel!
@RehabValuator
29 күн бұрын
Thanks for the feedback! Couple of books I like: Missing Middle Housing, Soft City, Building Small (by Jim Reid). Start with those. They focus more on housing types than teaching development or land development, but lay a good foundation for the type of development we do.
@robertglover6538
25 күн бұрын
@@RehabValuatoryour content and your character are excellent. Subscribed, liked, commented… how else do we show support for you/this channel?
@RehabValuator
25 күн бұрын
@@robertglover6538 that's plenty! Obviously we love to bring in new Rehab Valuator software clients if there's a need in your business but otherwise you've already done plenty!
@uhhcrave
18 күн бұрын
@@RehabValuator Thank you so much for the responses Daniil. I will purchase these and read them promptly. Hope to stay in touch, thanks again for all your videos.
@RehabValuator
17 күн бұрын
@@uhhcrave you're welcome!
@paulpop1018
Ай бұрын
@RehabValuator This was very informative Daniil. Thank you very much for putting it together.
@RehabValuator
Ай бұрын
You're welcome!
@josephbatta1730
Ай бұрын
The key to this is land acquisition. Sorry if I missed it, but is there a price per sf for land. I've done a version of this in the past wanting to get back in. Right now, I'm looking at infill with alley access. With duplex zoning approval. Great video. Keep up the good work..
@RehabValuator
Ай бұрын
I show in the video towards the end what I paid per ft for land but that's not really best way to go about determining land purchase price. Here's a longer deeper training on how to properly back into land offers: kzitem.info/news/bejne/mrCgy3uYcGaFoIo
@tausenti
Ай бұрын
This was highly educational, learned a bunch.
@RehabValuator
Ай бұрын
Really glad to hear it!
@OneHauteShot
Ай бұрын
Please clarify for operating costs $4440 vs gross $14800= 30%. You teach us always allow for min 35-40% operating costs. In Southern California operating costs can reach mid to high 40%
@RehabValuator
Ай бұрын
Not exactly. If you watch my other videos I always say in smaller properties like duplexes you should be operating somewhere between 30-33%. Heavily depends on how high your real estate taxes are. Larger multifam properties are 35-40% in most cases though we operate even our larger properties sub-35% typically
@sukhrajaujla8678
15 күн бұрын
Hey can you do a video on every permit and inspection needed to build as well as warranty and insurance
@RehabValuator
15 күн бұрын
Hard to do because it varies by county and by type of project
@sukhrajaujla8678
14 күн бұрын
@@RehabValuator Okay thank you for the information, do you notice any reoccurring permits and inspections
@spec1147
Ай бұрын
@Rehabvaluator This is very helpful Daniil. You offer a great deal of value to the public with these videos. Currently in planning phase to build 4 duplexes in San Diego CA. If you're open to consulting please let me know. Thanks again.
@RehabValuator
Ай бұрын
Glad it's helpful! I don't consult one on one but occasionally hold in person very small group development masterminds in VA. If you want to be on the notification list for the next one, get on our email list by grabbing the Land Due Diligence checklist or our software.
@lisafarmen9367
Ай бұрын
Wow! You found vacant land in San diego?! Oh your probably doing a tear down? I'm jealous that you live in sd..we just moved from California to Oklahoma..yes you heard correct...Oklahoma..lol 17:41
@spec1147
Ай бұрын
@@lisafarmen9367 Had it for 5 years now, single family home exists on it. This was before most things became untenable. Heading out to OKC soon to visit in-laws for first time.
@osuave7811
Ай бұрын
@@lisafarmen9367 For the gullible. It reminds me of the first snake oil sales men MEET KEVIN video "How I started to invest in real state with zero money" come to find out, he actually got a $35K family loan.🧐
@TheeRedBaron
28 күн бұрын
$158/SF is very good. I find we are building stuff at $250/sf in SE PA(including land). Any recommendations/ categories to focus on for keeping costs down?
@RehabValuator
27 күн бұрын
Seems expensive. Is this stuff you're building by residential or commercial code? Every time I am disciplined enough to go out and 3 bids on everything I end up saving money vs. going with subs and suppliers I've grown comfortable with. Value engineering your projects always pays off too. There's always ways to save without sacrificing quality.
@getitsold
Ай бұрын
Beautiful man - great job
@RehabValuator
Ай бұрын
Thank you!
@allnetservicesincentralcal1195
29 күн бұрын
Daniil, Great video and thank you for all your effort in sharing your experience. Question: I see a GC Fee of $158,900 on the expense list. Is this a plugged number to cover your in-house effort it required to GC this project, or is this 12%-13% of the total cost to build used to pay an actual GC? Thanks again for the insight on a project such as this. Russ
@RehabValuator
29 күн бұрын
Hey Russ. In this case this was $ paid out to a GC via cost +. It was actually more than 12-13% but had a cap on it so came out to that % in the end
@gillesdeclerck
Ай бұрын
Great content. Thanks
@RehabValuator
Ай бұрын
Glad you liked it!
@KBWFreedomthrurealestate
26 күн бұрын
Straight Talk! Real Truth!
@RehabValuator
26 күн бұрын
Always!
@kunleanifowoshe913
26 күн бұрын
@rehabvaluatorkindly awesome video, could you kindly tell me what software or app you are using for this budgeting
@RehabValuator
26 күн бұрын
It's called Rehab Valuator. You can get more info here: www.RehabValuator.com
@ShellyHuSeattle
Ай бұрын
Very nice presentation! Thanks! How many projects this software can manage?
@RehabValuator
Ай бұрын
Hi Shelly. It can manage as many projects as you like!
@RicondaRacing
Ай бұрын
I was a computer tech and got laid off in 2008. I'm trying to get into real estate now.
@RehabValuator
Ай бұрын
Yep. 2008 is when I got laid off too! Never too late to get into the game!
@JamCapital
Ай бұрын
Great video, very informative. I wonder how these number come compare to my local market (Bay Area, California). I am very interested in doing this locally.
@RehabValuator
Ай бұрын
Numbers definitely will differ in CA. Rehab Valuator gives you total flexibility in how you enter your own costs and scopes of work, so you can tailor it to your market and your projects.
@howardjordan4809
29 күн бұрын
Nice work! Would love to learn from you!
@RehabValuator
28 күн бұрын
Make sure you join our email list. There are lots of different opportunities to learn
@amazingwoodcraftz7431
Ай бұрын
Great video and explanation of development. Quick question: what are your resources on where to find genuine, authentic private money lenders to fund your deals?
@RehabValuator
Ай бұрын
We actually have a fantastic course on this: ArtofPrivateMoney.com Teaches you how to find real legit lenders and build rapport with them rather than running around asking random people for money
@tcbdba
13 сағат бұрын
is it possible to get a copy of your flow plans and architural drawings and designs? I have a similar lot that's I'm looking to start developing and would prefer to leverage what you already have and no need to reinvent the wheel. Please advise and let me know what we can work out for them and needed adjustments. Thanks a lot.
@icecold5746
Ай бұрын
Keys to Success
@RehabValuator
Ай бұрын
💪
@liryan2023
15 күн бұрын
Awesome video and sofrware! Thank you for your sharing Danil. I'm looking to invest new constrcution in Virginia, can you share with me which contruction team did you work with?
@RehabValuator
15 күн бұрын
Glad you like the video! Not really able to refer my construction team at the moment though :)
@marksimon8393
Ай бұрын
Great video
@RehabValuator
Ай бұрын
Thank you!
@tonysimons7218
23 күн бұрын
Great looking buildings
@RehabValuator
23 күн бұрын
Thank you!
@MissAsheya
Ай бұрын
This is amazing information and thank you for being so candid. Are you penalized in any way for underbidding? Do you just explain the situation and request more money?
@RehabValuator
Ай бұрын
My construction loan is fixed going into the project so the biggest penalty is that typically budget over runs have to come out of cash (my cash or investor cash if I am using investor money, which I usually don't).
@adriankennedy2492
Ай бұрын
Such a good video, I plan on getting your gullies as well, thank you
@RehabValuator
Ай бұрын
I am not sure what "gullies" is but I am glad you liked the video! :)
@adriankennedy2492
Ай бұрын
@@RehabValuator guides, software.. typo. Thank you
@claytonhaymes3310
Ай бұрын
Is there a way to enter my local markets cost to build per sq ft in building out my budget? Instead of entering the total sq ft of the duplex to get an estimated budget.
@RehabValuator
Ай бұрын
yes of course! The budget templates are 100% customizable to your specific projects and costs. You can build them out in any number of ways
@jamzempire
Ай бұрын
30 seconds in the video I subscribed! What are the chances of getting on a phone call with you for 10 minutes?
@RehabValuator
Ай бұрын
Glad you subscribed. My one on one time goes only to my kids, my wife, my employees and a few clients who pay me a lot of $$ :) But email me at daniil@rehabvaluator.com and let me know how I can help you and I'll do my best
@Buckaroo801
Ай бұрын
Would you share the floor plans??
@RehabValuator
Ай бұрын
We don't distribute our floorplans. Sorry
@CivilianDan
12 күн бұрын
Did I miss how many beds/baths? If each unit is 1,200 square feet (9,600 ÷ 8 units), I'm guessing they are 2 bed 1 bath units?
@RehabValuator
11 күн бұрын
Close! They're 2 bed 2 bath units. We always do 2/2. Never 2/1 or 2/1.5
@rodb5200
12 күн бұрын
Pinoy here in the USA 39 units but all used buildings. Scared just like you but we have to move on eventually. It’s making me sick about politics when your existence is in question
@RehabValuator
12 күн бұрын
Throughout history everyone has been scared about state of the world and the future. Today is no different. But it can't stop us from living our lives or pursuing progress
@iamLeBlu
8 күн бұрын
Great thank yoy
@RehabValuator
8 күн бұрын
You're very welcome!
@kaderka89
20 күн бұрын
Can you post a link to the software you’re using?
@RehabValuator
20 күн бұрын
It's called Rehab Valuator. You can get full test drive for 2 weeks here: RehabValuator.com/try
@alphadesignservices5500
Ай бұрын
Nice job Daniil
@RehabValuator
Ай бұрын
Gracias
@KJInvesting
16 күн бұрын
Great content
@RehabValuator
16 күн бұрын
Thank you!
@whosetheman2007
26 күн бұрын
Great video! So the over 400k cash that you invested into the property, was that your own cash or did you have investors in say a syndicate? Im thinking that you are going to refinance in like ten years at 75% ltv?
@RehabValuator
26 күн бұрын
This was my own cash. No outside investors. I should be able to refi in the next 5 years and get most of it out assuming rates are where they are now or dip
@ogsvideos6423
24 күн бұрын
Love this! thanks
@RehabValuator
24 күн бұрын
Glad you enjoyed it!
@Nova-m8d
Ай бұрын
You should build with light gauge steel instead of wood.
@RehabValuator
Ай бұрын
Noted!
@alynaveed3229
Ай бұрын
@rehabValuator I am inspired by your videos and teaching. I just bought land for $90k in Illinois near to a hospital and wants to develop 16 unit apartment complex. Its a corner lot beautiful lot 35,000 sft. I got it rezoned to Multifamily. I would need your assistance in cost effective design and cost estimation. I tried your software couldn’t get much. Local Builders saying 2.5M atleast.
@alynaveed3229
Ай бұрын
Can you also share the cost of your mixed use 16 unit which you mentioned in video
@RehabValuator
Ай бұрын
$2.5m to build 16 units sounds about right. My 16 unit I am finishing now will come closer to $2.8m. Rehab Valuator has a pre-built multifam and mixed use template in there that should give you a good starting point. From there you just need to adjust for your specific scope of work and finishes. Email me if you need help!
@osuave7811
Ай бұрын
@@alynaveed3229 For the gullible. It reminds me of the first snake oil sales men MEET KEVIN video "How I started to invest in real state with zero money" come to find out, he actually got a $35K family loan.🧐
@deeJayThraxx
Ай бұрын
I’m working on a project in Illinois from a financing perspective.. let’s chat
@riumudamc4686
Ай бұрын
Could you be underestimating your time managing the property (even if you are managing a manger)?
@RehabValuator
Ай бұрын
Anything is possible of course. In my case I have an in house management company that has incredible employees and requires very little oversight.
@riumudamc4686
Ай бұрын
@@RehabValuator thata good. They probably only contact you when they have problems only you can solve!
@SirMrDany
29 күн бұрын
I wish this could work for me. There is much I don't like about the US, but when it comes to oppertunity for stuff like this they are far superiour. I wish I could get these things going over here, but banks will lend no money and finding anything remotely fitting is very hard. The market in The Netherlands is very different and I wish it would get to be closer to what the US has.
@RehabValuator
28 күн бұрын
Move to the US! :)
@SirMrDany
28 күн бұрын
@@RehabValuator Honestly, maybe. I am happy where I live when it comes to all other stuff, friends, family, the general public safety etc. It's mainly my more entrepreneurial side that does think about it. More oppertunity to create wealth and build stuff, less taxes etc. It's difficult.
@arthurgaboyan7774
Ай бұрын
Thank you
@RehabValuator
Ай бұрын
You're welcome!
@kalebhinds8359
14 күн бұрын
Are you factoring in buying the previous building that you demolished?
@RehabValuator
14 күн бұрын
Yep I go over demo costs in the video
@peytonbethea
Ай бұрын
@RehabValuator Daniil, great video. You mentioned that these were “attached duplexes”, rather than quads. Given this, were you able to build these to residential code? If so, it sounds like this could be a great way to build more than 2 units without increasing per sqft costs.
@BackcountryDevelopmentLLC
Ай бұрын
This is a GREAT question. How did you pitch the City to allow this to be built as residential building code vs. commercial? Where I'm at (Upstate SC), the cities look at anything 3 doors + as being a commercial build. Would love to hear your thoughts!
@RehabValuator
Ай бұрын
Correct. These are duplexes built on separate legal lots under separate building permits, "abutting" each other with a 2-hour fire wall between. Whether you can do this or not heavily depends on your local building department and their interpretation of the building code. There are specific requirements in our jurisdiction on how to build these and these requirements have gotten more stringent in the last year. The alternative of course is to build a bit narrower with a setback in between them but then you're losing 2-3' of width on each one.
@osuave7811
Ай бұрын
@@BackcountryDevelopmentLLC For the gullible. It reminds me of the first snake oil sales men MEET KEVIN video "How I started to invest in real state with zero money" come to find out, he actually got a $35K family loan.🧐
@MarioCvetanovski
22 күн бұрын
Hi What is the name of the software you used ?Does it come in m2
@RehabValuator
22 күн бұрын
It's called Rehab Valuator and you can take it for a full 2 week test drive here: RehabValuator.com/try
@lemueldagandan2586
Ай бұрын
Slowly building my own rental property in Philippines. But im worried if this will be all for nothing if world will go to war specially China - Philippines.
@Mitoful3000
Ай бұрын
Same feeling but I am located in Europe.
@RehabValuator
Ай бұрын
I hear ya. But at every point in human history people lived under possibility of war and chaos. More so than now. And that hasn't stopped progress or people from taking action.
@osuave7811
Ай бұрын
@@Mitoful3000 For the gullible. It reminds me of the first snake oil sales men MEET KEVIN video "How I started to invest in real state with zero money" come to find out, he actually got a $35K family loan.🧐
@JackLee-BeFrank
9 күн бұрын
No war will happen between cn and phi. Just Build your house as you will.
@AmoahIsaac-d8u
Ай бұрын
Thanks you very much ❤️☺️
@RehabValuator
Ай бұрын
You're very welcome!
@trindon9439
16 күн бұрын
Where did you put the furnace and the hot water heater?
@RehabValuator
16 күн бұрын
In a utility closet in the hallway
@junaidkharal
Ай бұрын
have u considered replacing imports from China to FTA countries, saving duties of varying rates
@RehabValuator
Ай бұрын
Not really. We source from local suppliers so I am letting them worry about all that stuff. We've looked at going direct to China for some products but decided its not worth the hassle
@salterpenda1180
Ай бұрын
Can you scan receipts through the app and track costs you can drill into later? Or are the costs/receipts manually entered?
@RehabValuator
Ай бұрын
Good question. You can take a photo of the receipt on your phone and upload it into the software. Costs are entered manually or can be bulk uploaded from a csv (we provide you a template). So that if your bookeeper is running things in quickbooks for example, you can download them, and bulk upload into Rehab Valuator. We give you much better insights into your data than quickbooks does.
@salterpenda1180
Ай бұрын
@@RehabValuator Awesome thank you ! I like that you can drill into each transaction
@mukbangyesplease4905
Ай бұрын
I love this😍
@RehabValuator
Ай бұрын
Very glad to hear it! :)
@ysl4life383
Ай бұрын
Hey I was wondering, I watched your video and took some notes . I’m wondering how does financing work when you’re trying to live in one of the duplexes and rent out the other side
@RehabValuator
Ай бұрын
Your lender would likely not give you credit for the income from the 2nd apartment so the amount of money you could borrow would go down. Unless you're financing it like a personal residence, rather than getting an investment loan. That's probably the direction I'd go in.
@ysl4life383
Ай бұрын
@@RehabValuator thanks so much for that input have a wonderful day
@ysl4life383
Ай бұрын
@@RehabValuator hey also do you have a mentorship program or anything like consultations . I understand you’re a busy man . Just want to see any possibilities .
@RehabValuator
Ай бұрын
We have a group mentorship program called Rehab Valuator Inner Circle. Meets weekly on Zoom and occasionally in person. That's probably the best place for you to start: www.RehabValuator.com/inner-circle
@508solomon
Ай бұрын
Do you budget line-by-line item numbers based on your own experience or are these numbers based on the general contractors' initial estimates before you start the project?
@RehabValuator
Ай бұрын
I budget based on previous projects I've executed. Then usually I update the budget as I get bids in and finalize them. In this video I am actually comparing my original budget to what happened so the budget you're seeing wasn't fully updated with bids. Otherwise it would match up almost 100%. Hope that makes sense
@fenkellmoney8034
Ай бұрын
Can you share how to get the new construction loans? Thanks
@RehabValuator
Ай бұрын
Check out this training: kzitem.info/news/bejne/pnyFsGVuf56mjIo
@suuie
Ай бұрын
I use the game bloxburg on Roblox to model my house whenever I’m building to get an idea how it will feel and look it’s like a open world game
@RehabValuator
Ай бұрын
Interesting! I've only seen roblox once but graphics looked pretty elementary.
@roberttownsel4643
Ай бұрын
When you build a duplex together in the same structure does the make it a quad?
@RehabValuator
Ай бұрын
It looks like a quad from outside but these are on separate lots which means I can sell them separately
@bubblewrap4793
Ай бұрын
Were your construction loans non recourse? When you went over budget, did that money come out of pocket? So you ended up with a 75% ltv isn't that a little tight on a small construction project?
@RehabValuator
Ай бұрын
Yes that $ had to come out of my pocket. 75% cost vs value is really really good these days actually. I created 25% sweat equity, over over $500k in new wealth on the balance sheet. That's super solid for this size deal
@buddyrevell511
Ай бұрын
Daniil, do you have to pay all or most soft costs before breaking ground? For example, engineering, permits. Thanks.
@RehabValuator
Ай бұрын
Typically yes. We need to have all engineering and perm drawings done, then submit for permits, then break ground. But I am usually able to get reimbursed for these on the 1st draw from my lender.
@Man-u-flex
Ай бұрын
Did you make this spread sheet? If not can you tell me where you pulled it off of?
@RehabValuator
Ай бұрын
We made it. It's far more than a spreadsheet. See for yourself: www.RehabValuator.com
@Akuza1000
24 күн бұрын
what was the total livable SQFT ?
@RehabValuator
24 күн бұрын
About 9,600. It's in the video ;)
@Keto_Mike
27 күн бұрын
What area do you invest in?
@RehabValuator
27 күн бұрын
Richmond, VA
@ToddBizCoach
Ай бұрын
What software did you use to produce renderings of the property?
@RehabValuator
Ай бұрын
My architects produce renderings. I am honestly not sure what they use.
@bolztyle
Ай бұрын
would it be worth it to build just one duplex if after all that effort the cash flow is only $1000 a month pre tax?
@RehabValuator
Ай бұрын
$1k per month, $12k per year. For most people 4-5 of these duplexes and they no longer have to work a job. So yes, I think it's worth the effort if it gives you a brand new, low maintenance, attractive, easy to lease, easy to own rental property
@uhhcrave
Ай бұрын
Also, another question - are your own GC ?
@RehabValuator
29 күн бұрын
I used to GC my own projects and probably will go back to it in the future but last few years have been hiring 3rd party GCs to run all the projects
@fredwasson8712
Ай бұрын
is your square footage number based on under roof or heated?
@RehabValuator
Ай бұрын
Just heated
@Casmige
Ай бұрын
Where is….? ~ Property taxes ~ Insurance Those are actual realized prescient costs that should be line-item accounted for? don’t you think?
@RehabValuator
Ай бұрын
They're itemized in another internal model. Just not the example here.
@yuriybindas2882
27 күн бұрын
Do you think you got ripped off on your siding labor? This just seems really expensive for a rental, not a higher end home.
@RehabValuator
27 күн бұрын
What market are you in? This is pretty typical for other projects we've done. Same contractor for a while too
@yuriybindas2882
26 күн бұрын
@@RehabValuator Central NY. I got a quote for around 3k for 1 floor about 1300-1400 sq ft for drywall work on a rehab about 2 years ago, for just the labor. Not a licensed business though, but someone I worked with that did ok work. Idk what the professional fee is here , but I’m sure much higher than what I was quoted. From my experience I usually find it worthwhile to get multiple bids. Some of these contractors I noticed will try to scam you with their quotes.
@okaylexchannel2519
Ай бұрын
how much is the land?
@RehabValuator
Ай бұрын
It's in the video :)
@rockrecon
23 күн бұрын
100%
@fritzpaul2740
25 күн бұрын
What city was this project 🤔
@RehabValuator
25 күн бұрын
Richmond, VA
@aaronwarren1675
Ай бұрын
👌🏾✨♾️😎
@RehabValuator
Ай бұрын
Yes sirrrr
@osuave7811
Ай бұрын
For the gullible. It reminds me of the first snake oil sales men MEET KEVIN video "How I started to invest in real state with zero money" come to find out, he actually got a $35K family loan.🧐
@RehabValuator
Ай бұрын
My first hater! I love it! Means I've finally made it. Gotta go tell my mom....be right back
@DK8-8
Ай бұрын
I also immigrated to the US at 12 years old, now 50, with very little accent. However, I am of Asian descent, so I still get unfair treatment in a caucasian dominated society. You are lucky that you are white that people will think your family has been here for multiple generations.
@RehabValuator
Ай бұрын
Don't let crappy people keep you from what you want in life
@Jaemorenike
18 күн бұрын
Hey thank you for this detailed approach! This is for a total of 8 units correct? @rehabvaluator
@RehabValuator
17 күн бұрын
That's correct!
@ShephardInvestments-o9z
Ай бұрын
This is impressive but very low-level. How about 5 new 4-plex and 8-plex buildings totaling 28 apartments, BRAND NEW, 100% financing with very low capital and a very high ROI. I'll then show you how to scale it to 25 buildings, 140 units, with $100M equity by year-five. I want to help you accomplish this yourself. Contact me to learn the details.
@RehabValuator
Ай бұрын
riiiigghttt....
@aten9754
17 күн бұрын
What BS video. You are saying that your portfolio is 60 mil but you can’t estimate job for 2 mil project. Because I don’t think is worth more then 2.5 mil
@RehabValuator
17 күн бұрын
When you budget very early on for a project there are a lot of unknowns. In this case budgeting happened on our side before many bids have actually come in or county requirements came to light. That's the nature of the game sometimes. Even people with $60mil portfolios don't know everything, make mistakes and are constantly learning
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