@@GrantNavarre I need to talk with you. I want to build 5units. 3 are already demoed with framing. They started the brick wall up 8ft for 1 other unit. Will build another floor on top of it for another unit. I just don't know where to start 😁
i very much appreciate how transparent you are with this stuff its amazing for people like me who are considering investing my time and money into such projects your amazing bro.
Awesome! Just found your channel. I've been thinking about building an 8 plex for a long time now. I own a 4-plex and a Tri-plex but want something new that I know I won't have to worry about for many years to come. Really enjoy seeing you put numbers in the video. Helps a lot.
Great video Grant. Question; do you know the approximate cost per square foot would be for a 4-6 unit 3 bed/2bath units in today's market? Wood frame two-story building. Thanks for your help
This may be the most non-b.s. video I’ve ever seen on RU-vid! I’m not new to investing but I’m looking to start building multi family properties. This was great
I believe It’s called 203k. Bummer is they have a list of certified contractors. Hard to find availability when the market is hot. From what I’ve heard they don’t make as much money and the draw process is not fun for them.
Hey Grant, your videos have helped me A LOT, just wanted to thank you and also ask you, where is that project located, I would like to see it on google earth.
That’s awesome. I’m in eastern NC area and I’m looking to build some townhomes, approximately 30 units, 5 units per structure. I received a quote for 3.9M…seems way to high.
It definitely won’t be easy. Step zero work on your credit Step one look at your budget cut back! Step two find what you can save weekly! Step three write down attainable goals. Step four review them daily. Step five keep your spending down but try to raise your income. (Food delivery or try to get into sales if it’s for you) Step six learn everything you can about real estate while you save. Step seven when you have the money start! Bonus tips you can start out in real estate for 3-5 % if you live in it but I don’t like that plan. 3-5% makes the investment more risky. Also start learning how to spot deals. Know the market value of the are.
The concept and strategies and value engineering of selected products use in the project is good information. Keep the good work and Thanks for sharing this information. We can use some of this information in our RE Business.
I live nearby in Lafayette and I watch your videos all the time. My goal is to one day invest in a triplex or fourplex with my girlfriend as our first home. Your videos motivate and inspire me thank you for the amazing content!👍🏾
I mean, I've been watching a video with very informative.I would like to speak with you but I have a idea of my own and I love it your perspective or Is pointer
There are banks that will give you commercial 20 year mortgages and not balloon every 5 years typically they are fixed for 3,5,or 7 years and variable at NY prime+1% for the remainder of the years
I don’t know how you got the number down that low I’m a builder in Raleigh North Carolina and I can’t get my build cars for less than 160 a square foot
Great Video ! I had a question on the Cash on Cash Return Calculation. Would I take the Initial Investment (Down Payment, Closing, Rehab) divided by the Yearly Cashflow to see how long it would take me to pay it off instead of the Net Operating Income unless I had no mortgage then I would take the NOI? Thank You, hopefully my question makes sense.
I might try to buy my friend's land in Baton Rouge, my initial idea was a trailer park but this townhome project looks pretty cool too I want to do a lease to own on whichever project I go with. I'd love to pick your brain on Louisiana real estate because I'm down in Florida and I don't really know the LA market well.
Lake Charles? im in Morgan City. last time i went to Texas, Lake Charles STILL looked crippled. glad you posted this! BTW, how are your insurances this year?
5:12 Hmm...are you allowed to have socket outlet so close to the sink? Here in Ireland and Uk like the rest of Europe you need a min of 400mm space from sink, hob, cooker, etc... Water and electricity dont mix well!
Now a couple years down the road how are your rentals going? I’m beginning to cost out building an 8plex am curious if your seen some good return on your investment. Also, how much did the 8plex build cost you?
Real state is and will be the best investment ever, I m 49 and I consider myself retired since 2 years ago, It is not about becoming millionaire , it is about the freedom , about having what you need and , not ever working for anyone.
And along with the debt you get to deal with Renters, you know those people who trash your place, don't pay the rent, you need a court order.and 6 months to get them out, lawyer, you better get a good one, invest in the s&p and save the grief.
Thank you. I didn't see a management fee in your numbers. Also, do your numbers include interest carry during construction and lease-up? (BTW: PLEASE remove the word "literally" from your vocabulary. Literally.).
@@-_IT_- I bought my house and they didn’t do the battery system so definitely not that way. I’m hopeful the tech will advance and then I’ll absolutely do it to save.
Hey I'm interested in building my own 8 unit duplex What I would like to know is how do you find and buy the land in the city or area you want to build on do you have a video on that What do I have to do 1st. How many acres do I have to have to build such a unit and ruined to build more on the opposite side
