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
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
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.
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.
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.
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. ✅
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
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!
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
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
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
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
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?
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!
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☺️
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 am active wholesaler. Now I never need to go this deep when disposing a deal. However, I love to always bring more value than the next wholesaler. Are the budgeting number be change to fit more align in my market?
The budgeting numbers can be changed. The budget generator will automatically pull values based on national averages but you can customize as you see fit. What a good value you could provide!
$616 for architecture, survey, civil engineering, soils, structural engineer? Help me find this group. My cost is $40k and that’s a deal. Also what about city permits? $23.00? Confused. The city permits are $30-40k for a project of this size.
We've addressed this in a few comments before but I think they have been buried now! Many of the costs you outlined were reduced or waived for us because we built in an opportunity zone. At the same time, the median price point in our area is $250k. If the city took $30-40k, no one would have the margins to build.
Hey guys, I really enjoy your content! I have a question: for these types of deals, do you use business credit or personal credit? I own a small home renovation business and I’m looking to build a duplex to house hack like you did. I’m considering a commercial loan through my LLC because it won’t affect my personal DTI, and businesses don’t have DTI. What do you think?
Thanks for watching Colin! We did it just like you mentioned, using a commercial loan through LLC. Now that the duplex is complete, we are in the process of refinancing into a conventional loan on personal credit for a lower interest rate!
@@NicoleNark interesting! So will the conventional loan be in your personal name or business name? Also, I was wondering if y’all would be willing to let me use the same plans you did for your duplex!
@@Colin_17 the conventional loan will be in personal name since we are going to capitalize on it being our primary residence. This will allow us to get a rate that is 3% lower than an equivalent commercial loan in the LLC for long term holding. For our goal of maximizing cash flow, this option made the most sense! We aren’t currently sharing the duplex plans however, we are looking into that possibility!
I would say the expense tracker would still be very helpful for keeping your project on budget. The budget generator may not be as beneficial to you since it is made for ground-up builds! Hope that helps 😊
![DDG & G Herbo - Nosey [Official Video]](http://i.ytimg.com/vi/I9Ra0Zc2NlQ/mqdefault.jpg)
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.
Building a duplex isn’t just about saving money; it’s about creating long-term wealth and financial freedom.
Step 1: Find a stable relationship
Not a bad starting place!
My website lists local properties for sale by the owner. Check it out when you can.
I would say step 1 is getting 350K in working capital
😂😂😂 why just why
@@1thoww lol
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
You’ve motivated me to build a duplex 🙏
Hello, I help people invest in 4-plex or 8-plex properties new build for pre-sale
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!!
Great team work, thank you for sharing your experience. So more prosperous projects. Congratulations keep it up 👍
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! 😊
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?
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
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 !
Thanks for Sharing! Great info to know!
Happy to hear you found it helpful, Natalie! 🥰
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.
Awesome job, guys ! Your story is inspirational. Wishing you continued success.
Thanks for this video and the resources! I purchase the budget maker and love it!!
Glad you enjoy it! ☺️🥰
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.
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!
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
Thank you for sharing and with detail without filibustering. This is simply amazing.🎉🎉
You are so welcome! 🎉🏠
WHAT AN AMAZING TEAM! U2 ARE WHAT AMERICA NEEDS! KEEP UP THE GOOD WORK!
Great video! You’ve motivated me to build a home 🤩 Have you guys gotten an appraisal on it yet?
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
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!
Thanks so much guys. This is something I was thinking about doing for my family. SO USEFUL!!
Glad it was helpful! ☺️
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
Y'all make such great team.
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.
Any chance of purchasing the plans?
yaaas. Same question i had
Thank you for sharing...you all are smart!
Thanks for watching! 😊
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
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
Beautiful home
Thanks so much!
Interested in purchasing the floor plan documents. Great video
Hello, I help people invest in 4-plex or 8-plex properties new build for pre-sale
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!
Awesome couple 🎉
Thank you!! 😊
This is great and you guys look alike so much, like the lighter/darker version of the other. Cute and great info. Thanks
This is super dope, thank you for sharing!
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?
Thanks for sharing! Great content!
You bet! 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! ☺️
How big was the parcel needed to build the duplex?
Great video. I am definitely interested in the Budget & Spending Tracker
Happy you think so! The links are in the description ☺️
Yes Nicole I love the black windows!!
Thank you!!
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 ☺️
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!
Great Video 🎉!!!
Thank you!!
Awesome Educational Content 🫡
Thanks for sharing, this is so cool. Love from the UK! 🙏🏿
Good job guys ❤
Thank you!!!
You are both an inspiration ✨️. Thanks for sharing your story.
Thanks for watching! ☺️
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☺️
I wish we could do this in Canada. 😘.
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
Hey you two gotta show do a proper home tour for this one and the other home. The short clips aren’t enough
I'm open to it, but what would you want to see? I guess I feel like it would be awkward or boring 😅
You two are the best! thank you for sharing
Our pleasure! Thanks for watching 😊
I was trying to have my house built in Las Vegas, NV. Just the Electrical Permit was $16,500.00
wow! Did you complete the build?
You guys are awesome!
Thank you! We appreciate that you took the time to watch! ☺️
Wow! Bless yaw frfr
Wow! $135/SF for new construction is unheard of 🤯 In the Boston market we’re around $250/SF now
Crazy! Our market is much more affordable. New construction in the most desirable areas of town is selling around $185/sf
Great video yall I have a lot and want to build exactly what you've done here. Houston Texas. Need a good builder reference.
Me also
Watching from Houston also
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!
Wow!!, information I was looking for. Awesome!! Awesome!! Awesome video, did I say this video was awesome? 🤣
keep it up great plan. pure inspiration
Thank you so much! ☺️
Thank you
Great video! Have you got an appraisal on it yet?
very helpful.💯
Would you consider a no cost option for veterans who are wanting to do the same.
Is the budget maker app a one-time cost and is it continually updated?
Yes it’s a one time cost and instant download. As we make updates, the new version is sent out to everyone who has purchased.
Great video again👏! Would you please share the excel cost estimator?
Thank you! It is linked in the description 😊
I have a project that I want to do on my land I need help on resource, senior and financial.May we have a conversation I'm new
Great video! thanks for sharing! Did you also purchase your floor plan?
Thank you! These were custom plans
I want to do this with my first buy so bad!
I am active wholesaler. Now I never need to go this deep when disposing a deal. However, I love to always bring more value than the next wholesaler. Are the budgeting number be change to fit more align in my market?
The budgeting numbers can be changed. The budget generator will automatically pull values based on national averages but you can customize as you see fit. What a good value you could provide!
Where is the lot costs/purchase price of the house that was tore down?
Where’d you get the blueprints for the house?
We had them custom made
How and where did you find those entrance doors for the price you did!!!??? They look amazing but can’t understand why so cheap..
soooo jealous, out avg cost per sqft is around 300 dollars. great build
Wow! What market are you in?
I live in southern Maine. foundation is a huge cost for us, I am just finishing building two tiny homes
@@NicoleNark Maine lol
$616 for architecture, survey, civil engineering, soils, structural engineer?
Help me find this group. My cost is $40k and that’s a deal.
Also what about city permits? $23.00?
Confused. The city permits are $30-40k for a project of this size.
We've addressed this in a few comments before but I think they have been buried now! Many of the costs you outlined were reduced or waived for us because we built in an opportunity zone. At the same time, the median price point in our area is $250k. If the city took $30-40k, no one would have the margins to build.
Motivation thank you guys
You bet! Thanks for watching 😊
This was really good. Do you consult others who want to do development such as this?
Just like decided to put black frame windows
Where was this built? I live in AZ and there really isn’t a culture for multifamily units here but I’m ready to invest!
How much was the land?
Phenomenal job guys! How much of this work do you estimate you did, in dollars?
Good work
Thank you so much 😀
Hey. Might have mentioned already, but what’s the square footage?
2600sqft total
Hey guys, I really enjoy your content! I have a question: for these types of deals, do you use business credit or personal credit? I own a small home renovation business and I’m looking to build a duplex to house hack like you did. I’m considering a commercial loan through my LLC because it won’t affect my personal DTI, and businesses don’t have DTI. What do you think?
Thanks for watching Colin! We did it just like you mentioned, using a commercial loan through LLC. Now that the duplex is complete, we are in the process of refinancing into a conventional loan on personal credit for a lower interest rate!
@@NicoleNark interesting! So will the conventional loan be in your personal name or business name? Also, I was wondering if y’all would be willing to let me use the same plans you did for your duplex!
@@Colin_17 the conventional loan will be in personal name since we are going to capitalize on it being our primary residence. This will allow us to get a rate that is 3% lower than an equivalent commercial loan in the LLC for long term holding. For our goal of maximizing cash flow, this option made the most sense! We aren’t currently sharing the duplex plans however, we are looking into that possibility!
Interested in the floor plan for purchase
Great job
Thank you!
Amazing how u both look alike. The eyes, eyebrows, nose, cheeks, shin and mouth.
what process did you use to select reliable general contractor, architect for the duplex build etc? Any suggestions? Thank you.
Do you have documentation or a knowledgebase for the software? Or could you do a video on how to use the software?
Curious, where can I purchase the build plans?
These are plan we had custom made. We might share them in the future!
This dude hella smart
He is!
What is the square footage of the foundation?
Do this calculator work for rehab budgets?
I would say the expense tracker would still be very helpful for keeping your project on budget. The budget generator may not be as beneficial to you since it is made for ground-up builds! Hope that helps 😊
@@NicoleNark are you capable of making one for rehabs?
How does lending work for a ground up build like this. I’m interested in building a barndominium.
Where did you guys purchase your garage ?!