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How to start building on vacant Lots-New construction-house flip 

kris haskins
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Check out Gregs 1st interview about being a full time WHOLESALER:
• How to quit your job w...
What do I look for when I want to build a new construction house on a vacant lot. Today I get the pleasure of looking at some land with another world class real estate investor, Greg Hucks. He called me to look at this lot because I've done several new construction house flips and he wants to do one of my favorite things in the world, EXPLORE POSSIBILITIES!
Since Greg is kind of new to the new construction world, he told me he'd like to do a partnership and bring me in to help get the job done. What are some of the things we look for when buying vacant lots?? You better know what you're doing w/ land because costs can really start to stack up. Today we'll walk the land to determine the size and look at the area and go over a few items we need even before we buy the land. So get out there and make some mistakes and don't be closed to JV, Joint Venture Deals.

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21 фев 2020

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Комментарии : 67   
@adamreynolds2632
@adamreynolds2632 4 года назад
A series on this from start to finish would be pretty cool.
@balla2828
@balla2828 4 года назад
Adam Reynolds YES!
@balla2828
@balla2828 4 года назад
I HEAVILY AGREE
@balla2828
@balla2828 4 года назад
Kris this video was actually AMAZING. I have been hoping so BADLY to find videos on building and new construction. Please make more of these. This was not only a breathe of fresh air regarding your channel but it was also EXTREMELY INTERESTING. REQUEST: Start a new-construction/building series. Teach us the step by step process from start to finish just like you did with “Subject to deals”. I don’t think anyone has done this idea yet and I believe you could deliver it really well for us. This video was a great example because it was very very informative and educational.
@RicardoSanchez-jg5un
@RicardoSanchez-jg5un 3 года назад
I agree with Balla !
@balla2828
@balla2828 3 года назад
Ricardo Sanchez 💯🔥👌🙏
@SamMcKinley
@SamMcKinley Год назад
Where are you in the building process? Where are you located?
@marcusrosendoll1718
@marcusrosendoll1718 3 года назад
We need more videos like this. It’s great to see smart brothas coming together to build. 🤛🏾
@nathanielhurt6937
@nathanielhurt6937 4 года назад
Because of the neighborhood, I would see if the numbers are good for a duplex. 2 units would bring in a higher asking price. I only say this because you have apartments in the area.
@hectorgomez8257
@hectorgomez8257 4 года назад
Considering that definitely makes good sense to me.
@np18
@np18 4 года назад
Amazing video Kris love your method of teaching. Hope you are able to do this deal with him.
@villgomez
@villgomez 3 года назад
This is gold bro and it’s like a conversation with my uncles.
@Roecityking
@Roecityking 3 года назад
Tapped in
@Liveluckyllc
@Liveluckyllc 4 года назад
Glad you are straightforward and to the point, can’t wait to follow the deal. Nice video quality 👍🏼
@clayfurious4765
@clayfurious4765 4 года назад
Did you see boy face when Kris said 300k @ 14:31😂🤣😂🤣
@octaviabraye1654
@octaviabraye1654 2 года назад
Ensure the lot is approved or zoned for a home. Zoning information is really important. I wanted to know why they got rid of the wet and dry utilities when the home was demolished.
@fredapedregon
@fredapedregon 2 года назад
Are we all watching the same video? "Tip 1 pressure test the "tap" Tip 2 find the sewer." Wow, these guys are geniuses! How enlightening. I learned so much. Pressure test the "tap" . I never would of though of that.
@krishaskins
@krishaskins 2 года назад
it's all good homie, the only reason I know this stuff is because me, or one of my peeps, fell prey or victim to a HUGE bill from NOT checking this stuff, proceed with knowledge.....thnx for supporting my crazy world...
@ageefashioninstitute6217
@ageefashioninstitute6217 3 года назад
Absolutely Great! I just purchased some land in Cali for a project. You already gave me a lot MORE to think about. Thank you!
@krishaskins
@krishaskins 2 года назад
Yes, this is exactly why we made this video
@d.c.4lifeking602
@d.c.4lifeking602 Год назад
​@krishaskins was there a part 2 and more to this
@terry3728
@terry3728 4 года назад
The bro wants to learn and that's kool, but for this one, I would sell the lot for a profit and find a better area. If it's not under some kind of regentrification (as said in the video, "shell row") this could definitely easily come to a big loss. But Kris you know the game and you'll probably make it work. God Bless the both of you on the journey.
@tinikacarrington6442
@tinikacarrington6442 Год назад
I'm just here trying to learn as much as I can. I have land in Little Rock that I need to do something with.
@krishaskins
@krishaskins Год назад
OK, it might be smart to partner up w/ a builder that can bring the project to fruition and you both get some value...
@AaronHope_Sow
@AaronHope_Sow Год назад
Thought that was a thumbnail of Redman for a second there 😂
@sihlemasondo2898
@sihlemasondo2898 5 месяцев назад
Lol Red man
@brykidla
@brykidla 2 года назад
I’m considering buying a large lot in Nor Cal and putting several homes on it. This was the first channel I found when doing research and I had to subscribe! I like your straight to the point style! Looking forward to learning what to do and what to avoid!
@SamMcKinley
@SamMcKinley Год назад
You like me are in a high cost area. I have lots in Memphis. I’m researching whether I should build
@FinancialFiguresandFacts
@FinancialFiguresandFacts 4 года назад
New fan bro, I'm in atl, just got debt free, credit on point, nurse, ready to invest
@msway836
@msway836 4 года назад
Action Next Pull that Trigger Bro...
@MikeWilliams-fj7nh
@MikeWilliams-fj7nh Год назад
My family owns land and they really don't know what to do with it and I think I would like to put like a single family home Unit on it is that process hard
@jmartinez562
@jmartinez562 2 года назад
Good information, however, you can tell the new guy was looking for guidance and the experienced guy had no system on how much commission he would take on the deal..... when you're the experienced one always have 2-packages pre-set if newbies come in looking for your guidance, remember, newbies are overwhelmed, professionals are seasoned and should have all this laid out in a simple 5 to 6 bullet-point system.
@Thefewfunds
@Thefewfunds 2 года назад
I'd build a 2 -4 unit building or keep the lot divided and put a long style home on each lot...granted that's if the city allows i.e. zoning. I subscribed and hit the bell cause here to learn and grow my business.
@cullen2106
@cullen2106 2 года назад
Can it be a sky scraper or not at all?
@KashaneTiger
@KashaneTiger 4 года назад
Great Video Guys!
@corybowen1923
@corybowen1923 Год назад
See that’s how I wanna do it lol 5b 2.5 bath and 2 car and you know the builder and around what it cost
@SamMcKinley
@SamMcKinley Год назад
Anyone know what to do with these lots prior to building in order to gain income?
@krishaskins
@krishaskins Год назад
hhmmmm, not sure about that one. The only thing I can think of is to seller finance them, or to use for parking if you plan to keep them. What are you thinking? Can you make money on dirt before you build?
@JhonnyBoi
@JhonnyBoi Год назад
This video is from 2020 but the house sold in 2022. Did it take 2 years to build? And what’s a typical time frame for new construction?
@CallmeKayla1
@CallmeKayla1 2 года назад
My 1st one! Thanks for the tips. New sub! I would build a tiny home.
@michelleford9951
@michelleford9951 2 года назад
I learn a lot from this
@SamMcKinley
@SamMcKinley Год назад
I’m in the same boat as this guy. I have land in Memphis but never built
@krishaskins
@krishaskins Год назад
I heat u, perhaps we could build maybe do a partnership
@SamMcKinley
@SamMcKinley Год назад
@@krishaskins I’ve been told an Atlanta developer is interested in the property. What are your thoughts? It’s about .3 acres. 38107. May I contact you?
@SamMcKinley
@SamMcKinley Год назад
@@krishaskins oh and BTW. I signed up for Mr. Borrero’s weekly classes. Thank You for the videos
@syerralynks7102
@syerralynks7102 Месяц назад
Is there an update on this?
@9to5killaCartel
@9to5killaCartel 3 года назад
Subbed and liked...Va Beach here.
@redeye1773
@redeye1773 2 года назад
good schoolin
@juliolara5572
@juliolara5572 3 года назад
Respect the hustle
@MikeWilliams-fj7nh
@MikeWilliams-fj7nh Год назад
As in trying to get funding from a bank to build on the land to make money
@ShonTolliverMusic
@ShonTolliverMusic 4 года назад
If we're brotha I would have done the same with one exception. He's wise for bringing in knowledge and expertise but gave away too much equity. So, unless brotha had 3-4 other properties available to him down stream, he should have had the property appraised then borrowed as much as he could. This would've allowed him to bankroll the project and retain as much equity as possible while still learning from Chris. Chris would earn as consultant would also get partial equity for his work, something like 5.5-9% of my net profit.
@krishaskins
@krishaskins 4 года назад
good points here
@ShonTolliverMusic
@ShonTolliverMusic 4 года назад
@@krishaskins thanks. So what % can I lock you in and are you willing deals in/near Hagerstown.
@cullen2106
@cullen2106 2 года назад
Can it be a heudge hotel like sky scraper at all or not at all sir?
@krishaskins
@krishaskins 2 года назад
No, this is single family only
@jkpwd
@jkpwd Год назад
I have some land for sale on a beautiful block in Detroit if you're interested in doing business
@freeworld2275
@freeworld2275 3 года назад
Looks like Hampton VA
@selfmade-mv3rz
@selfmade-mv3rz 4 года назад
I could throw up a 1200 sq ft for about 65k+/- complete! Tons of money to be made on that deal
@303adrianarian9
@303adrianarian9 3 года назад
You got an email for some questions
@reginaldmosley64
@reginaldmosley64 Год назад
Couldnt you just go down to the court house and get the plans/blueprints on the house that was there?
@nicknjb5019
@nicknjb5019 4 года назад
🔥🔥
@jaygillard700
@jaygillard700 4 года назад
Cmon Kris I know u know about Shell Road 😂
@dukestone6050
@dukestone6050 2 года назад
I hear game..lol
@clayfurious4765
@clayfurious4765 4 года назад
I would put 3 cheap fixed up mobile homes there and charge TOP DOLLAR FOR RENT maybe some section 8 tenants...All Buisness. Bro you're up the block from a dope strip and down the block from Sanford & Son😂🤣😂🤣😂
@nofurtherwest3474
@nofurtherwest3474 3 года назад
It wouldn't be allowed probably. It has to fit with the houses on that particular street.
@brandonleesanders
@brandonleesanders 2 года назад
Slick Rick! I love your music G… 🤌🏽
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