Here are the links to the BUILDING Resources we show in this video: ⚒ Build Budget Generator → bit.ly/BuildBudgetMaker ⚒ Building Expense Tracker →bit.ly/BuildExpenseTracker
Thumbs up on your newly built Duplex. In the early 1990s, I purchased my first home in Miami with mortgage rates between 8% and 10%. Today, it's unlikely we'll see rates return to those levels. As a result, sellers may need to adjust their expectations and consider pricing their homes more competitively to attract buyers. This could lead to a potential decline in home prices.
Given the current economic conditions, it's likely that affordable housing will become even more challenging to find in the near future because of cost and many budgeting issues. If you're considering building a duplex as an investment or for personal use, now might be a good time to act before prices rise further.
As a building expert, cost of getting a duplex done is alarming including rising mortgage rates and inflationary pressures, it's likely that we'll see a correction in the housing market. Consider holding off on home purchases for now and explore other investment opportunities. I'd advice consulting with a qualified professional. They can help you navigate the financial market and make informed decisions about housing market.
I've experimented with a few over the past years, but I've stuck with "Rebecca Noblett Roberts" for about 3 years now, and her performance has been consistently impressive. She's quite known in her field, look her up.
Thank you for this tip. I must say, Rebecca appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
You guys are a beautiful couple. I hope you guys understand how lucky you are to be able to align yourself this much with life and goals. This is a beautiful thing to watch let alone give an audience the chance to comprehend that the main reason this can even be possible is by having a great partner who not only supports you but can love you as well as being a part of it. Ying and yang
One thing I don’t think you mentioned is even though you spent a little more on your roof, you’re going to save more in the long run. If installed correctly, that roof will last you at LEAST 50 years, maybe more before needing replaced. If you just went with shingles you would’ve replaced the roof probably 2 times in that same timeframe.
I’ve never seen anyone break it down like this. Thank you so much. Great video, great technique, great strategy! Woohoo! Wishing you all more success! One love
You both are cute together! Loved to see the breakdown cost and how you guys strategized giving the property value in areas you could simply because you stuck to your budget. Best of luck on your future projects in 2025! 🍾🎉
Great idea! I think an interview style video where I do a Q&A with Kachi could provide some valueable insights on this topic! Any main questions you'd like addressed?
@@NicoleNark assume you’re teaching someone who has never built a house before and is beginning from scratch: 1. How do you find the right contractor/architect to begin with? Where do you go besides Google? Any specific websites/resources to use? 2. How do you ensure they’re not overcharging you? 3. What is your process for obtaining permits and complying with local building codes? 4. What happens if unexpected issues or changes occur during the project? 5. What should you look out for or avoid?
@@76ers Very good question! I will be looking out for the next video explaining all these. I am also unfamiliar with entire process and would like to know.
Wow. What a great video. I have built some units myself, looks like a great video I should do as well. Thanks for the inspiration. I am based out of California.
Hey! Newbie to your channel! Great stuff. Why do you have $0 for designs? Are one you the architects on this build? Also, which state is this built in?😊
Thank you! Im definitely picking up this tracker, it looks simple and easy to use! Im curious about the financing process, did you guys use saved money, hard money, or an investor? How much did you need to put down? Also what was the process of purchasing the land and getting it zoned like?
I had the same question. That price is astonishingly low, I was hoping they explained it. I am guessing cheap online plans and in a jurisdiction that doesn't require much beyond those plans for permit. That or they got some kind of deal with a friend/fam
Hey Guys, I appreciate the details you give, and the step by step. I have run a number of building projects for some projects of mine, but it's been a long time, and I'm getting ready to do some new ones. So your info is very helpful, to help me get back up to date. One thing I get curious about, watching your videos, is the overall project. How much the land cost, appraised value in the end, so how much profit or equity you made, and if rentals, what are the expected costs and profits of keeping the rentals. Thank.s
You are amazingly generous with details and insights. The generator assumptions are only based on constructions costs in your state? Or could I use it for construction Canada?
Very informative. I’m interested in building a live in duplex in Chicago. I’m nervous about the cost of a build however I know I don’t want the headache of a rehab.
Your perfect planning reflects in the house - it’s roof, windows, garages look top notch while remaining with in budget. Did you guys already own the land? I may have missed that
Great video! Thanks for sharing. I am a plumber and builders/customers do sometimes have a hard time understanding why our prices are not as low as they expect. Material cost is higher than ever and the cost of operating a legal, licensed, insured and legit plumbing company is no joke. Supply and demand. ✅
I thought the drywall price was off . I did my research I guess I perform a specialty finish meh. My intial thought was right I need to start building this is awesome ! Thank you for your insight you guys did a great job!!!!!!
Glad it was helpful! We have a steps to building video up as well that you might find helpful 😊 Here's the link if you want to check it out: ruclips.net/video/3iWjZaLx-ZQ/видео.html
Yes, very generous. My wife and I have dreamed of doing this and real estate and knowing there are tools out there like this is such a blessing. You guys just made our dreams that much more feasible.
I like the content, but I just want to get some clarity about the architecture/engineering section. Are you guys saying you spent $600 on signed and sealed architectural and engineering drawings?
Completely understandable wanting some clarification! First of all, yes - we did only spend $600 in this section. The duplex is in an opportunity zone and because of this, some of our costs with the city were waived or reduced. Second - our city does not require engineered site plans, architectural review, etc. We created the plans ourselves by working with a draftsman. Hope that helps!
@@NicoleNark Thanks for that information, it was helpful. I would have mentioned that because its unique to your specific situation because it doesnt make sense to others why there was such a huge discount on those costs! good luck guys!
Hi Nicole, appreciate you sharing this information and journey. Question: what are you thoughts on using those houseplans that can be bought? Would that save any costs or make the process easier? Or would it be the same? I was looking at some 4plex houseplans online. The plans tell you materials and cost etc...
Can i get photos and plans or atleast a layout of the duplex and the modern home (from the $200k build video). Im not having any luck finding it on your pages.
I think they would be pretty similar! Obviously there could be some differences based on how you plan out your barndo. For example, the costs of a barndo built from a metal building would have a different breakdown than one where you use wood framing and metal siding! The overall build costs provided by the budget generator should be accurate, but differences on the specific line items may occur based on your route to build! Hope that helps☺️
That budget tracker is nice tool; as the Bank's payout in tranches, so you will know what needs to be paid out when working with the Bank construction finance person. Goodness, you were lucky to only pay $660 for Engineering/survey, that's usually the most expensive, next to the internal finishings and cement/sewer. One suggestion: would have put the entry doors on opposite sides instead of right next to each other. But nice project; great finish.
Yes, we found the budget tracker helpful with planning around the contruction loan draws! Also, 100% with you on separating the entry doors. That was my goal early on, but with some utility easements on the property I was very limited on where the driveways/garages would be feesible and had to work around that!
Have you guys experienced any leaks from the exterior walls/roof transition or windows? I am a leak investigator and have horrible experience with Zipwall.
This is great information also thank God I’m in the HVAC field so I met with a lot of contractors electricians and plumbers so when I’m ready to build myself a home I think I’m in good hands
Question, I am currently building a 2 story inlaw quarter behind my property; any tips on how to budget for it? I live in Miami, FL and the land is all paid for.
Wow that turned out awesome! thanks for sharing you guys, gives good insight for people like me who are also doing these kind of projects. great video, earned my sub!
Here are the links to the BUILDING Resources we show in this video:
⚒ Build Budget Generator → bit.ly/BuildBudgetMaker
⚒ Building Expense Tracker →bit.ly/BuildExpenseTracker
Thank you so much ❤
This is great!
@nicolenark are the plans for your duplex available?
@nicolenark are the final numbers for the build available as well.
Great presentation and channel, clear, concise, informative.
Thumbs up on your newly built Duplex. In the early 1990s, I purchased my first home in Miami with mortgage rates between 8% and 10%. Today, it's unlikely we'll see rates return to those levels. As a result, sellers may need to adjust their expectations and consider pricing their homes more competitively to attract buyers. This could lead to a potential decline in home prices.
Given the current economic conditions, it's likely that affordable housing will become even more challenging to find in the near future because of cost and many budgeting issues. If you're considering building a duplex as an investment or for personal use, now might be a good time to act before prices rise further.
As a building expert, cost of getting a duplex done is alarming including rising mortgage rates and inflationary pressures, it's likely that we'll see a correction in the housing market. Consider holding off on home purchases for now and explore other investment opportunities. I'd advice consulting with a qualified professional. They can help you navigate the financial market and make informed decisions about housing market.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
I've experimented with a few over the past years, but I've stuck with "Rebecca Noblett Roberts" for about 3 years now, and her performance has been consistently impressive. She's quite known in her field, look her up.
Thank you for this tip. I must say, Rebecca appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Step 1: Find a stable relationship
Not a bad starting place!
I would say step 1 is getting 350K in working capital
😂😂😂 why just why
@@1thoww lol
😂😂😂😂
You are a generous couple for sharing your experience and the tool. Perhaps you can also offer a similar tool for managing expenses for the property
Thanks for watching! We definitely may create a tool for ongoing property management expenses in the future ☺️
Agreed!!! They are amazing🎉
@@NicoleNark I purchased their calculatign sheet and they didnt deliver the product. tried contactinmg them and no answer. scammed me of my money
@@NicoleNark Yes that would be Great!!
You guys are a beautiful couple. I hope you guys understand how lucky you are to be able to align yourself this much with life and goals. This is a beautiful thing to watch let alone give an audience the chance to comprehend that the main reason this can even be possible is by having a great partner who not only supports you but can love you as well as being a part of it. Ying and yang
One thing I don’t think you mentioned is even though you spent a little more on your roof, you’re going to save more in the long run. If installed correctly, that roof will last you at LEAST 50 years, maybe more before needing replaced. If you just went with shingles you would’ve replaced the roof probably 2 times in that same timeframe.
Very true!
I’ve never seen anyone break it down like this. Thank you so much. Great video, great technique, great strategy! Woohoo! Wishing you all more success! One love
Building a duplex isn’t just about saving money; it’s about creating long-term wealth and financial freedom.
You’ve explained this so well, I feel confident about trying it myself now!
The most informative video I’ve seen on building from the ground up. Good to see good people investing in Arkansas.
Thank you so much! ☺️
Your home is stunning. Great job guys
Her face drop at 7:39 when you ratted her out 🤣😤 Then her remembering the fact is hilarious. Keep up the great job guys ! Subscribed and tuned in !
For those starting out , how did you find your architechs, builders, plumbers, etc? Not sure where to really start.
Same question I have.
Hello, I help people invest in 4-plex or 8-plex properties new build for pre-sale
Really well done. The building expense tracker is a great tool to let folks see in real time how projected expenses can vary.
I truly believe the tool y’all created is going to be very helpful! 🙌🏾🤩
Thank you, we hope so! They’ve sure helped us out on our journey! ☺️
You both are cute together! Loved to see the breakdown cost and how you guys strategized giving the property value in areas you could simply because you stuck to your budget. Best of luck on your future projects in 2025! 🍾🎉
Great to see a duplex being built. They are very common in Los Angeles but almost non existent in my city.
I'm soooo thankful to be a tradesman myself because my cost will be lower. Unfortunately concrete is not my expertise but I do have friends lol.
It's all about having the right connections! 😊
very educational and relieved a lot of my stress...Thank You!
You're so welcome! I'm glad it helped 😊
5:36 - Can you do a video on how to find different contractors to do the different types of jobs needed.
Great idea! I think an interview style video where I do a Q&A with Kachi could provide some valueable insights on this topic! Any main questions you'd like addressed?
@@NicoleNark assume you’re teaching someone who has never built a house before and is beginning from scratch:
1. How do you find the right contractor/architect to begin with? Where do you go besides Google? Any specific websites/resources to use?
2. How do you ensure they’re not overcharging you?
3. What is your process for obtaining permits and complying with local building codes?
4. What happens if unexpected issues or changes occur during the project?
5. What should you look out for or avoid?
@@76ers Very good question! I will be looking out for the next video explaining all these. I am also unfamiliar with entire process and would like to know.
How big was the parcel needed to build the duplex?
Awesome job, guys ! Your story is inspirational. Wishing you continued success.
Wow. What a great video. I have built some units myself, looks like a great video I should do as well. Thanks for the inspiration. I am based out of California.
Thanks for watching! I’d love to see what you’ve done ☺️
Hello, I help people invest in 4-plex or 8-plex properties new build for pre-sale
Saving to follow up on the expense tracking tools…always the hardest!
Hey! Newbie to your channel! Great stuff. Why do you have $0 for designs? Are one you the architects on this build? Also, which state is this built in?😊
I don’t know how I ended up here but I enjoyed this thoroughly. Beautiful home, beautiful couple 😊
Thank you so much! I’m happy you’re here and glad you enjoyed it! ☺️
How did you make sure everything was up to code as the build progressed? Does each builder and the plan designer each know what to do for the area?
Yes the general contractor or subs work with the county and city inspectors
I'm wondering how long did it take to build this duplex?
WHAT AN AMAZING TEAM! U2 ARE WHAT AMERICA NEEDS! KEEP UP THE GOOD WORK!
Hi! Are you open to selling the floor plan you used for this duplex? Thank you
Thank you! Im definitely picking up this tracker, it looks simple and easy to use! Im curious about the financing process, did you guys use saved money, hard money, or an investor? How much did you need to put down? Also what was the process of purchasing the land and getting it zoned like?
As an architect, how did you get construction drawings for $600??
Probably purchased plans that were already created? Duplicates and not custom? Idk
I had the same question. That price is astonishingly low, I was hoping they explained it. I am guessing cheap online plans and in a jurisdiction that doesn't require much beyond those plans for permit. That or they got some kind of deal with a friend/fam
I’m going to go with on line plans that did not need to be stamped
I thought the same thing! They probably bought cheap plans on line
Hey Guys, I appreciate the details you give, and the step by step. I have run a number of building projects for some projects of mine, but it's been a long time, and I'm getting ready to do some new ones. So your info is very helpful, to help me get back up to date. One thing I get curious about, watching your videos, is the overall project. How much the land cost, appraised value in the end, so how much profit or equity you made, and if rentals, what are the expected costs and profits of keeping the rentals. Thank.s
I loved how detailed you both were great video 🎉
Thanks for the breakdown. I want to eventually buy a Duplex !
You are amazingly generous with details and insights.
The generator assumptions are only based on constructions costs in your state? Or could I use it for construction Canada?
Great question! They are based on national averages for the US. I’m not sure how accurately they would translate in Canada.
Very informative. I’m interested in building a live in duplex in Chicago. I’m nervous about the cost of a build however I know I don’t want the headache of a rehab.
Mind sharing the floor plan? Thanks!
Your perfect planning reflects in the house - it’s roof, windows, garages look top notch while remaining with in budget. Did you guys already own the land? I may have missed that
As a construction lender your budget generator is a great tool. Question did you get a construction loan for this duplex build or was it cash?
Great team work, thank you for sharing your experience. So more prosperous projects. Congratulations keep it up 👍
Great video! Thanks for sharing. I am a plumber and builders/customers do sometimes have a hard time understanding why our prices are not as low as they expect. Material cost is higher than ever and the cost of operating a legal, licensed, insured and legit plumbing company is no joke. Supply and demand. ✅
Thanks for sharing this perspective. It’s always a good reminder!
Great video, thank you guys. Does the budget tool populate all of the line items throughout the scopes of work?
Great video! You’ve motivated me to build a home 🤩 Have you guys gotten an appraisal on it yet?
Wow got to say this was the fastest I have ever subscribed to a channel 2:43 subscribe. You guys are awesome!!! tremendously informative.
Wow, thanks! Happy you found the video valuable ☺️
I thought the drywall price was off . I did my research I guess I perform a specialty finish meh. My intial thought was right I need to start building this is awesome ! Thank you for your insight you guys did a great job!!!!!!
Thanks for sharing very inspiring!
I’m building a duplex that is much simpler. Thank you. This has been very helpful
You're so welcome!
Can you name your lender ?
@@cityviewdevelopmentgroup3101 we use First Service Bank, I’m not sure if they lend outside of AR
where did you get the data to source the app calculations? did you use power apps or some other framework?
Thanks so much guys. This is something I was thinking about doing for my family. SO USEFUL!!
Glad it was helpful! ☺️
Thank you for sharing, im trying to learn the proper steps to build and this is very helpful to new investors 👏🏽
Glad it was helpful! We have a steps to building video up as well that you might find helpful 😊 Here's the link if you want to check it out: ruclips.net/video/3iWjZaLx-ZQ/видео.html
Moved to NWA like 3 years ago. Freakin love it here
That’s great! Where did you move from?
What's NWA? WHICH CITY LR STATE..?😅
Thanks for this video and the resources! I purchase the budget maker and love it!!
Glad you enjoy it! ☺️🥰
Great video! you both broke that down so clearly!
Thanks, we're glad it was easy to follow!
Great video. Curious on how you managed to save $4k on lighting fixtures. Was it leftover supplies from a prior build?
Yes, very generous. My wife and I have dreamed of doing this and real estate and knowing there are tools out there like this is such a blessing. You guys just made our dreams that much more feasible.
So happy to help and hear you found the info useful ☺️
Hello, I help people invest in 4-plex or 8-plex properties new build for pre-sale
Does it automatically break all items in to percentages or do you have to input numbers like doors, windows, light fixtures etc?
Thank you for sharing and with detail without filibustering. This is simply amazing.🎉🎉
You are so welcome! 🎉🏠
Thank you, from Las Vegas. This is wonderful. Looking to build my next rental, which will put me at 23 doors. 🙏🏽
Hello, I help people invest in 4-plex or 8-plex properties new build for pre-sale
What do you do to make money to do this?
This was amazing. I’m currently in the planning phase and found land, how did you find the best contractors?
Thanks for Sharing! Great info to know!
Happy to hear you found it helpful, Natalie! 🥰
You may or may not know…will your budget generator work for an insulated concrete form (ICF) built duplex home?
I’m interested in doing this in Palmdale California.
sweet deal, have you built a house before?
Subscribed. Nice work! Very useful information.
Glad you think so! Thanks for subscribing ☺️
I like the content, but I just want to get some clarity about the architecture/engineering section. Are you guys saying you spent $600 on signed and sealed architectural and engineering drawings?
Completely understandable wanting some clarification! First of all, yes - we did only spend $600 in this section. The duplex is in an opportunity zone and because of this, some of our costs with the city were waived or reduced. Second - our city does not require engineered site plans, architectural review, etc. We created the plans ourselves by working with a draftsman. Hope that helps!
@@NicoleNark Thanks for that information, it was helpful. I would have mentioned that because its unique to your specific situation because it doesnt make sense to others why there was such a huge discount on those costs! good luck guys!
I’d love to get into this. But where do you begin on finding the contractors to build?
Great video. I am definitely interested in the Budget & Spending Tracker
Happy you think so! The links are in the description ☺️
What was the cost for painting the two unis? That would be a bing number that was shown on the budget
Hi Nicole, thanks for all the awesome info. Do you have a similar program to do for flipping versus new construction?
Hi Nicole, appreciate you sharing this information and journey. Question: what are you thoughts on using those houseplans that can be bought? Would that save any costs or make the process easier? Or would it be the same? I was looking at some 4plex houseplans online. The plans tell you materials and cost etc...
Can i get photos and plans or atleast a layout of the duplex and the modern home (from the $200k build video). Im not having any luck finding it on your pages.
How does lending work for a ground up build like this. I’m interested in building a barndominium.
Thank you guys!!!
This is great and you guys look alike so much, like the lighter/darker version of the other. Cute and great info. Thanks
Thank you so much for the software!! I am planning for a new construction and this will benefit me immensely!!
You're very welcome! We have found them extremely beneficial since making them. Glad we have the opportunity to share and help others! 🛠️🏠
Great video! thanks for sharing! Did you also purchase your floor plan?
Thank you! These were custom plans
insanely helpful video. at what rate did you get the loan?
Is there any apps out there that you would recommend for 3d floor plans?
Do you sell the plans of the house?
I’m not sure if you all said it or not, but was the price of the land included in the budget?How much was the land?
Love the vid! Would the formulas in the Build Budget Generator or expense tracker be accurate with a Barndominium build?
I think they would be pretty similar! Obviously there could be some differences based on how you plan out your barndo. For example, the costs of a barndo built from a metal building would have a different breakdown than one where you use wood framing and metal siding! The overall build costs provided by the budget generator should be accurate, but differences on the specific line items may occur based on your route to build! Hope that helps☺️
That budget tracker is nice tool; as the Bank's payout in tranches, so you will know what needs to be paid out when working with the Bank construction finance person. Goodness, you were lucky to only pay $660 for Engineering/survey, that's usually the most expensive, next to the internal finishings and cement/sewer. One suggestion: would have put the entry doors on opposite sides instead of right next to each other. But nice project; great finish.
Yes, we found the budget tracker helpful with planning around the contruction loan draws! Also, 100% with you on separating the entry doors. That was my goal early on, but with some utility easements on the property I was very limited on where the driveways/garages would be feesible and had to work around that!
what process did you use to select reliable general contractor, architect for the duplex build etc? Any suggestions? Thank you.
Would you consider a no cost option for veterans who are wanting to do the same.
Great video. It was exactly what I needed. Thanks for sharing
You are so welcome! Glad it was helpful ☺️
Thank you
You’re welcome! ☺️
Your breakdown spreadsheet is genius. I will be purchasing this.
Have you guys experienced any leaks from the exterior walls/roof transition or windows? I am a leak investigator and have horrible experience with Zipwall.
This is great information also thank God I’m in the HVAC field so I met with a lot of contractors electricians and plumbers so when I’m ready to build myself a home I think I’m in good hands
You will be leaps and bounds ahead of those who aren’t in the industry!
Would this spreadsheet work for a typical rehab? Great video.
How long did this whole process take from start to finish??
where is this?
You two are the best! thank you for sharing
Our pleasure! Thanks for watching 😊
Love it! That is such a great tool to utilize, thank you for sharing!
Glad you think so, Jessie! Thanks for watching! ☺️
Wow this would be 700k in the northwest. You can’t even build a duplex that’s nice where I live. You guys are blessed in the location your at.
Y'all make such great team.
Do you have documentation or a knowledgebase for the software? Or could you do a video on how to use the software?
Question, I am currently building a 2 story inlaw quarter behind my property; any tips on how to budget for it? I live in Miami, FL and the land is all paid for.
What was the total sqft of land? And how much was total sqft covered?
Wow that turned out awesome! thanks for sharing you guys, gives good insight for people like me who are also doing these kind of projects. great video, earned my sub!