We teach real estate investors how to develop real estate, subdivide & entitle land, and stay up to date on current real estate investing news and trends.
Am I to assume that while we are waiting for our construction loan to be approved and available, all of these contractors are going to work for free giving us plans? I own land outright and trying to get started but it seems like I can't get help from contractors until I have the money and I can't get help from lenders until I have the plans...so I can't get passed step 2. I know the cabin and design I want but can't do much else without money and that's what the loan is for. I wanted to use my $100k equity from my land as the 20% down. What if I fork over all my cash upfront for the plans and permits and they don't get approved or the loan doesn't get approved? I don't want to be a cat chasing it's tail wasting my time and money..
The ONLY applies to the top .01 % of Americans whose net worth is over 100 million. This would have never affected your parents. Jerome, do your research before being misleading. I like you and your channel and want to trust you as a resource.
A rare bad video from you.. Fear mongering based on half truths. If you think the 99% are gonna get up in arms over the 1% being taxed more.. guess again. You should stick to the development videos, politics is not your forte.
So Jerome what you’re saying is you would raise 4 mil for the land paying investors 10%-15% and once you get land shovel ready you refi your investors out with the construction loan bc they’ll give you 80% of the 52 mil and than you’re 100% owner and essentially did this $0 out of pocket?
I’m only confused on the fact that I know it’s 52 mil retail to construct but aren’t you showing the banks your bids at 30 mil and they give you 80% on that cost?
I have not been able to secure "a single-family residential construction loan on a new duplex" as stated. I have talked with 6 lenders, none of them do that type of financing. Do you have a lender that you recommend?
For those who say it's for over 100mil....that's how it starts. That's how the gov gets one foot in. Before you know it, they will expand it to include more people by lowering that threshold...no doubt they will do this. The gov doesn't look to cut down on it's own spending. They would rather take more
Absolutely correct! The AMT (Alternative Minimum Tax) was enacted in 1969 and applied to 169 taxpayers. In 2023, it us estimated that about 5 MILLION taxpayers were subject to the AMT.
Tax em! It's not fair that the rich with assets over 100 million keep buying up real estate, sit on them for decades and centuries without paying more tax while the middle class gets the shaft! Theres only two choices, stop appreciating our homes to charge more tax or make the rich pay the same. Gotta be equal..
This is just wrong Jerome. The persons unrealized gains has to be over 100 million to be taxed. Your family would not have been affected. While I agree it’s still a dumb idea. This will never pass and is next to impossible to enforce. It’s important to make sure that people are making an informed decision when they vote.
I am sorry I missed this seminar in person. Who is the Local Partner (in Kirkland) mentioned in the Video by Jerome ? Would love to JV and bring local wholesale deals to your partner. Thank you.
POWERFUL!! THANK YOU!!! The IRA energy efficient bill/funding (coming out in the Fall/Winter) is also a great funding source for your project. Also in Michigan, the local utility provides Energy funding for energy saving project units. Therefore, you can obtain more than $20,000 per unit for your project. The complete details are still being worked out, but it’s something to look into and be prepared. “BUILD BABY BUILD”
How can I start doing what your doing. I’ve been watching your videos for a year. I would like to start with a fourplex. What should I do? My credit is great. Live in Cali. Decent job. I’m ready
Hi jerome, love your videos. If I am contemplating a land to build multifamily from the ground up, how can I find out 1) if there is a need for rental units in the specific neighborhood where the land is and 2) what the greater need is for unit breakdown (how many 1 bedrooms, or 2 bedrooms I build)? Thank you!
