Thank you so much for this Daniil. I’m a wholesaler who started flipping SFH with my end goal being development and I’ve recently pivoted towards land (which is a great segue to development I believe) and I value ALL the content as well as insight you provide. Seriously, thank you and everyone at RehabValuator. I’m so excited and obsessed with learning and developing my first duplex then turning it into a subdivision over years to come.
Daniil.. grew up in development industry and had no tech available in organizing processes.As the land development manager for small to multi-million $ projects and talk about stress levels was off the charts. Your breakdowns are amazing and has instigated me to come out of retirement and take on a 111 acre develoment project using you r templates.........will order your complete package.
Daniil, you are amazing brother. The way you explain and offer use case this make alot of sense. As a beginner it’s so valuable for me . Appreciate it.
Fantastic Master Class Daniil! Once again U impress me with your inherent ethics, wisdom and broad worldview in the field of real estate investments. I'm Manuel, a Wholesaler operating in North NJ, very grateful to U and your very professional support team, making me an insatiable user of your software and your podcasts, which empower me with knowledge and action, so I promote them whenever I can. I congratulate U and thank U for providing generous value to the community.
Really great video Daniil - very informative. Thank you. The only thing I might have a difference of opinion on is regarding easements - wouldn't it be advisable to verify easements before determining how many units one can build on a given lot? An unknown easement could affect the number of units one can build on a lot or make a lot unbuildable altogether depending on its size. This could be researched if there is a previous survey recorded or in the recorded deeds for the property. Sure, this could come up during due diligence but then the analysis could potentially become inaccurate if the easement restricts too much of the property - agree/disagree? Appreciate your perspective! Thank you for sharing this great content!
If there's a previously recorded survey, absolutely! If that shows an easement, that should be taken into account during your pre-offer calculations. But otherwise you'd order title work and a survey once you already have a contract. But yes, you're absolutely right, if there's a way for you to find out about an existing easement before making an offer, by all means you should!
Do you offer any mastermind program for new construction? I have experience buying and renting for asset creation. My next dream project is ground up fourplex. I am struggling to identify right land and don’t understand nuisance of new build. My dad does it in another country for over 25 years but process is very different.
Sweat equity is the difference between the "as built value" of what you're building and your total cost of the project. It's the actual wealth you're creating on your balance sheet. Does that make sense?
Hi Patrick. We have a general group mentorship program focused on basically all real estate related topics here: RehabValuator.com/inner-circle. I also occasionally do a live in person 2 day Development Mastermind. It's sold out for now but may do more in the spring. Email me if that's of interest.
Sweat equity is same as desired profit margin. You take it off the top. Subtract it from the As Built Value then subtract construction costs and all soft costs to arrive at max land price
Question: how many hours get put into this due diligence for a project like this? I do commercial real estate appraisal and curious how we compare lol.
Thank you so much for this Daniil. I’m a wholesaler who started flipping SFH with my end goal being development and I’ve recently pivoted towards land (which is a great segue to development I believe) and I value ALL the content as well as insight you provide. Seriously, thank you and everyone at RehabValuator. I’m so excited and obsessed with learning and developing my first duplex then turning it into a subdivision over years to come.
Love it! And you're very welcome!
Daniil.. grew up in development industry and had no tech available in organizing processes.As the land development manager for small to multi-million $ projects and talk about stress levels was off the charts. Your breakdowns are amazing and has instigated me to come out of retirement and take on a 111 acre develoment project using
you r templates.........will order your complete package.
That's fantastic. Love hearing that!
Daniil, you are amazing brother. The way you explain and offer use case this make alot of sense. As a beginner it’s so valuable for me . Appreciate it.
Glad to hear it and thank you for the kind words!
As a 17 year old about to graduate and hopefully pursuing a career in real estate, thank you for these informational videos
Congrats on learning this stuff at a such young age!
Perfect timing for this content!
Enjoy!
Fantastic Master Class Daniil! Once again U impress me with your inherent ethics, wisdom and broad worldview in the field of real estate investments. I'm Manuel, a Wholesaler operating in North NJ, very grateful to U and your very professional support team, making me an insatiable user of your software and your podcasts, which empower me with knowledge and action, so I promote them whenever I can. I congratulate U and thank U for providing generous value to the community.
Love hearing that, Manuel! Thank you!
Could you make a video on how to fund the purchase of the land. Also how to find the land. Thank you
I share a ton of ideas on how we find land deals in 2nd part of this video: ruclips.net/video/gbnX7SpuX78/видео.html
So succinct. Great info and teaching style. Thanks
You're welcome! :)
Great video! Keep up the amazing content!
Thank you! And yes - a lot more coming in 2024!
Another incredible video!
Glad you like it!
Brilliant. Thank you
You're welcome!
Really great video Daniil - very informative. Thank you. The only thing I might have a difference of opinion on is regarding easements - wouldn't it be advisable to verify easements before determining how many units one can build on a given lot? An unknown easement could affect the number of units one can build on a lot or make a lot unbuildable altogether depending on its size. This could be researched if there is a previous survey recorded or in the recorded deeds for the property. Sure, this could come up during due diligence but then the analysis could potentially become inaccurate if the easement restricts too much of the property - agree/disagree? Appreciate your perspective! Thank you for sharing this great content!
If there's a previously recorded survey, absolutely! If that shows an easement, that should be taken into account during your pre-offer calculations. But otherwise you'd order title work and a survey once you already have a contract. But yes, you're absolutely right, if there's a way for you to find out about an existing easement before making an offer, by all means you should!
Do you offer any mastermind program for new construction? I have experience buying and renting for asset creation. My next dream project is ground up fourplex. I am struggling to identify right land and don’t understand nuisance of new build. My dad does it in another country for over 25 years but process is very different.
Funny you should ask as I just announced this. 2 out of 5 spots are already taken so be quick! lp.rehabvaluator.com/cashflow-developer-mastermind/
Thanks for the content! Would this be the same process for a 1 to 4 unit build?
Yes
explain what sweat equity...is this your profit ? or what you have to come up with upfront.
Sweat equity is the difference between the "as built value" of what you're building and your total cost of the project. It's the actual wealth you're creating on your balance sheet. Does that make sense?
daniil, great video/training. Do you offer a mentorship program on your land/apartment building program?
Hi Patrick. We have a general group mentorship program focused on basically all real estate related topics here: RehabValuator.com/inner-circle. I also occasionally do a live in person 2 day Development Mastermind. It's sold out for now but may do more in the spring. Email me if that's of interest.
I’m interested as well. What’s your email address.
daniil@rehabvaluator.com
Hello @rehabvaluator, I am wondering if this software can work for Canadian market with up-to-date data. Thank you
Hi there. Software works great in Canada EXCEPT data - all the date is currently for US market only
Hey there! I’m trying to make sense of how you factor in your desired sweat equity percentage. You lost me at that part.
Sweat equity is same as desired profit margin. You take it off the top. Subtract it from the As Built Value then subtract construction costs and all soft costs to arrive at max land price
Got it! Thank you for the clarification
Question: how many hours get put into this due diligence for a project like this? I do commercial real estate appraisal and curious how we compare lol.
For a ground up multifamily like this, I’d expect to put in about 30-40 hours for full report.
It really varies but predev overall for a multifamily project to get it to permitting is usually more than 30-40 hours
can your templates be applied to any jurisdiction in North America ?
Cost templates are just guides and need to be verified in your area. Lender templates and presentations work everywhere.
Do you need to be a general contractor to do this?
No