Building a Spec Home | Starting a Home Building Company part 1

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  • Опубліковано 29 жов 2024

КОМЕНТАРІ • 125

  • @mikeemmons1844
    @mikeemmons1844 2 роки тому +3

    In 2016 I was a superintendent for a home builder. They got caught in the rut of moving money between escrows. Our cash flow ran out, production stopped. Just last year, the FBI came down on them with fraud. Not good. This is a great video for new builders. Thanks man!

  • @ryanfisher7612
    @ryanfisher7612 Рік тому

    I like when you said "you're going to jail"
    Love the videos man!

  • @danzarlengo7127
    @danzarlengo7127 4 роки тому +1

    Amazing info - Thanks!
    Even 10 years ago, this kind of info wasn't available anywhere. Now anyone in the world has access to your training

  • @RicardoSanchez-jg5un
    @RicardoSanchez-jg5un 4 роки тому +9

    I’ve been looking everywhere for videos like this! Greatly appreciated Jason. Amazing content. I’m a superintendent for one of Oklahoma‘s biggest homebuilders. I would like to start my own homebuilding business soon. I’m currently saving up money to start my first house. I believe I need 20-30% down to fund a new construction loan.

    • @JasonLawrence
      @JasonLawrence  4 роки тому

      Ricardo Sanchez hi there! Thank you! Really cool to hear that you will be starting your own! Yes I believe it would be between 20 and 30% you definately have a great background for success!

    • @brownjoshua7
      @brownjoshua7 3 роки тому +1

      Richardo, where are you located? I'm getting started building a subdivision in Newalla OK. I wouldn't mind meeting with you to see if we could work together on some projects.

    • @RicardoSanchez-jg5un
      @RicardoSanchez-jg5un 3 роки тому

      @@brownjoshua7 hey Joshua, message me 405-443-8324. I live in Purcell but I work in northwest Bethany.

    • @Womanb4anything
      @Womanb4anything 2 роки тому

      I’m just curious on how its going for you guys

    • @RicardoSanchez-jg5un
      @RicardoSanchez-jg5un 2 роки тому

      @@Womanb4anything I’m working for a home builder in OKC right now. I have enough money to build my own new construction house to sell. I’m currently looking for lots.

  • @XPyoutubeS
    @XPyoutubeS 3 роки тому +1

    Wow what great Content i am currently 20 And in my situation Of my life I think becoming a builder will be one of the best choices i make for the my future and my children’s …

    • @JasonLawrence
      @JasonLawrence  3 роки тому

      It can really be one of the best things to do to give you and your family a great future! Go for it!

  • @petermontgomery2874
    @petermontgomery2874 2 роки тому +1

    I can say as a tradesmen that it's usually the builder who is "irresponsible," with money and they know all the ways to take advantage of contractors, for example if you have a contract and the builder adds a bunch of stuff they will try to pressure you into getting the work done without approving a contract adjustment to account for the add-ons then they won't pay you for the additional work, so never move on work if it's not in writing.

  • @06Kabal
    @06Kabal 3 роки тому +4

    Damn near spat my water from laughter when dude said “you’re gonna go to jail.” 😂😂😂😂

  • @nicolasortiz9933
    @nicolasortiz9933 3 роки тому +1

    i own a remodeling company & want to start building homes next year. Your video is very informative to learn to start building homes. Thanks again! Comax Renovations Nicolas O.

    • @JasonLawrence
      @JasonLawrence  2 роки тому

      Thanks Nicolas! You should join the membership group, only $5 per month timetolearn.mykajabi.com/offers/FSvUetym

  • @ceerhodes3778
    @ceerhodes3778 Рік тому +1

    Amazing content! Thank you ❤

  • @tapps1282
    @tapps1282 3 роки тому +6

    Awesome content, I’m 16 and have been wanting to become a home builder since I was younger and pretty much have based a lot of my decisions off my “dream job” if by any chance i could talk 1 on 1 or just get a couple tips on what to do in the near future it would be greatly appreciated. Again great content!

    • @JasonLawrence
      @JasonLawrence  3 роки тому

      That is great to hear! Yes absolutely, shoot me an email jason@josephscotthomes.com

  • @ebervazquez9098
    @ebervazquez9098 2 роки тому +1

    Great video

  • @ryanharold6888
    @ryanharold6888 3 роки тому +1

    Great info! Thank you.

  • @jakegarza99
    @jakegarza99 4 роки тому +1

    Thanks for all the great direction Jason. I will be purchasing your subscription. -Jake

  • @TomasJanikSF
    @TomasJanikSF 11 місяців тому

    100% true, have organized system. 👍

  • @dropthebassline
    @dropthebassline 4 роки тому +5

    Incredible vídeo. I am definitely interested in the retainer / advisor program.

    • @JasonLawrence
      @JasonLawrence  4 роки тому +1

      Drop the Bassline thank you! Glad you liked the video! Shoot me an email or your phone number and we can talk about it, my email is jason@josephscotthomes.com

    • @HersheyBrown86
      @HersheyBrown86 4 роки тому

      Jason Lawrence I will be reaching out soon to get started with your advisor program

  • @medicinemanrx2694
    @medicinemanrx2694 3 роки тому +1

    Thank you! I was really in need of this info!

  • @SImonLePigeon
    @SImonLePigeon 2 роки тому +1

    Nice video👌🏼, big info

  • @ARdecoDesignandDevelopments
    @ARdecoDesignandDevelopments 3 роки тому +2

    Awesome content. Thank you for this!

  • @pedrobernal8293
    @pedrobernal8293 2 роки тому +1

    Your videos are exactly what i was looking for. Great video and very helpful information. Would love to be a part of your program .

    • @JasonLawrence
      @JasonLawrence  2 роки тому

      Excellent! In the description of the video I have my different memberships/programs that I offer you can click on the link to get started with one of them or if you wanted to do the monthly phone call consulting you can send me an email
      Thank you!

  • @JPBUILDERS
    @JPBUILDERS 3 роки тому +1

    Thanks, I needed this info!

  • @ginafriend1690
    @ginafriend1690 4 роки тому +2

    Great guidance! Thanks

  • @jesse6104
    @jesse6104 3 роки тому +1

    Such great information! Will defiantly be contacting you!

  • @eyBuDDy6217
    @eyBuDDy6217 3 роки тому +1

    Very interested in learning these skills

  • @Techpodshed
    @Techpodshed 3 роки тому +1

    Perfect video I needed to watch im on my way to big a big shot developer 😁

  • @Tracks777
    @Tracks777 4 роки тому +4

    amazing content

    • @JasonLawrence
      @JasonLawrence  4 роки тому

      MisterTracks Thank you! You made my afternoon!

  • @karenlaw9235
    @karenlaw9235 4 роки тому

    Good content easy to understand!

  • @tashtant
    @tashtant 2 роки тому +1

    It's good to know you're offering consulting services. I'm curious if you're still doing construction of homes or commercial buildings.

    • @JasonLawrence
      @JasonLawrence  2 роки тому +1

      Yes sir! I’m still building homes- we will finish with 17 starts this year

  • @nathanieljaramillo5279
    @nathanieljaramillo5279 Рік тому +1

    I’m getting my associates in construction mgmt in residential to gain a overview of what I’m going to get into.

  • @ncplushshow5078
    @ncplushshow5078 4 роки тому +1

    Another amazing video

    • @JasonLawrence
      @JasonLawrence  4 роки тому

      Nc Plush Show thanks!!! Really appreciate all of the support!!

  • @djmatt4498
    @djmatt4498 Рік тому +1

    Hi there Jason I got a question Hopefully you can help me out I am looking to start a custom home/Renovations company How you do make all your contracts ? Do you it your self or you have a lawyer do for for you ? My Second question is If you are a design/Build and you have a customer that wants a custom home do you provide the architect ?

    • @JasonLawrence
      @JasonLawrence  Рік тому

      Just did a video on this Types of Construction Contracts | Spec Home Building Questions
      ua-cam.com/video/6uMuSpgwb10/v-deo.html

  • @karinearnst4089
    @karinearnst4089 2 роки тому +1

    What legal entity is allowed to build spec houses?
    In most states, a private individual can only build 1 house every couple of years.
    Can general contractors own and build spec houses? How about an individual who forms an LLC?
    Some states call spec house builders a "developer." Is there a special license or permit to become one?
    I have a lot of time in construction and want to build in a specialty niche I am already in, and want to build several smaller stick-frame houses a year, year after year.
    What legal entity do I need to be (or work with someone who is) to be allowed to do so?
    Great vid - Thanks!

    • @karinearnst4089
      @karinearnst4089 2 роки тому +1

      P. S. Dan here. I sent that last msg from my girlfriend's phone because I was working in her photo storage. She isn't the builder, I am.

    • @JasonLawrence
      @JasonLawrence  2 роки тому

      It varies from state to state, in Texas for example: you have to have a business registered in TX or even an out of state business could register to conduct business in TX and that’s it, you don’t need a general contractors license. I found that most states do require a general contractors license but some don’t.
      Yes general contractors can build spec homes as well as an individual who forms an LLC(as long as they get a general contractors license- if required)

  • @JoseMartinez-kb1vt
    @JoseMartinez-kb1vt 2 роки тому +1

    What is a ruff margin builders use, or how exactly do they bid out a home?

    • @JasonLawrence
      @JasonLawrence  2 роки тому

      Typically 10-15%
      Bidding out a home: ua-cam.com/video/_LPmuayPIik/v-deo.html
      ua-cam.com/video/_LPmuayPIik/v-deo.html

  • @internationalgainsdollarz1321
    @internationalgainsdollarz1321 2 роки тому +1

    Thanks for the information. I would like more information on the retaining option

    • @JasonLawrence
      @JasonLawrence  2 роки тому

      Sounds good! You can email me jason@josephscotthomes.com

  • @Mustang-mike302
    @Mustang-mike302 3 роки тому +1

    Thanks

  • @Techpodshed
    @Techpodshed 3 роки тому +1

    When he said your going to jail! Well said

  • @JohnJohnson-hl4fv
    @JohnJohnson-hl4fv 4 роки тому +2

    Damn it! Keep your eyes on the road. At 2:59 of the video you hit a little old lady crossing the street.

  • @vipuldixit
    @vipuldixit 4 роки тому +2

    Amazing video, very knowledgeable. I’m very new to this whole builder idea but want to pursue as career may be 1 year down the line. Before I start I would like to gain as much education as I can. Do you have any service offering for this kind of scenario?

    • @JasonLawrence
      @JasonLawrence  2 роки тому

      I do! For only $5 per month timetolearn.mykajabi.com/offers/FSvUetym

  • @521talent
    @521talent 4 роки тому +1

    Great vid

  • @clayjones553
    @clayjones553 2 роки тому +1

    Whats been your approach in trying to get private investors? 10% of profit at time of sell, flat amount payout, etc

    • @JasonLawrence
      @JasonLawrence  2 роки тому +2

      Honestly it just comes down to the negotiation if an investor is going to be financing the entire project And they wanted to split things 50-50 I would actually be fine with that but of course I wouldn’t start with that I would start with offering 10% return on investment and then negotiate from there

  • @kevinobrien1933
    @kevinobrien1933 Рік тому +1

    I'm interested in have the ability to call you. Please let me know how we arrange this. I'm a seasoned Carpenter looking to start a spec home business in Muskegon

    • @JasonLawrence
      @JasonLawrence  Рік тому

      Morning if you send me an email, I can reply with a link for you to get set up and we can schedule our call
      Jason@josephscotthomes.com

  • @Seashorecreative
    @Seashorecreative 3 роки тому

    Do I need a GC license to be a spec home builder. I flip houses but I sub all contractors. New construction is a different ball game.

  • @AP-ru7vt
    @AP-ru7vt 3 роки тому +1

    how much does a soil survey cost for a new house built in the mountains

    • @JasonLawrence
      @JasonLawrence  3 роки тому

      I’m thinking probably a ballpark price of around $1500 for the survey work and approximately $3000 for the soil testing

  • @fullmatchwrestling2630
    @fullmatchwrestling2630 3 роки тому +1

    What percentage do you take of profit?

  • @marcosrodriguez6526
    @marcosrodriguez6526 3 роки тому +1

    Any banks you recommend that will give spec home loans? Thanks

    • @JasonLawrence
      @JasonLawrence  3 роки тому

      I would check with smaller local banks and credit unions, first find out if they do a construction loan and then if they would do a spec loan

  • @jaosnkey5863
    @jaosnkey5863 3 роки тому +1

    What accounting software do you use??

  • @aquaxious
    @aquaxious Рік тому

    I know you posted this a while ago but I’m interested in your guidance and mentorship. Can we schedule a 10 minute phone call to talk?

  • @PeteaahOhasian
    @PeteaahOhasian 3 роки тому +2

    Hi I’m a young contractor in Florida and would love to talk to you to help me form some systems in my business. I am a shell contractor and currently building two houses this year. Thanks

    • @JasonLawrence
      @JasonLawrence  3 роки тому

      Hi Peter, would love to help, email me jcrislawrence@gmail.com

  • @Helenblicharz
    @Helenblicharz 2 місяці тому

    I am interested.

  • @Techpodshed
    @Techpodshed 3 роки тому

    So start an LLC for building spec homes rt?

  • @miguelgraveran3029
    @miguelgraveran3029 3 роки тому +1

    I am interested in the retainer service as we have just purchased 3 lots to build spec homes

    • @JasonLawrence
      @JasonLawrence  3 роки тому

      Excellent! You can email me jason@josephscotthomes.com

  • @Silke8608
    @Silke8608 3 роки тому +1

    Are you still offering consultation on a monthly basis?

    • @JasonLawrence
      @JasonLawrence  3 роки тому

      Hi Heather,yes I am, you can email me jason@josephscotthomes.com

  • @keviv13
    @keviv13 4 роки тому +1

    Great video and advice. I am an architect (not licensed yet) and about to start building my first house here in NJ and owner builder. Is this something I can do as I side hustle as I have a full-time job? Not sure if I should make an LLC and get builder's and general contractor license.

    • @JasonLawrence
      @JasonLawrence  4 роки тому +2

      Vivek Mac thanks! Yes I Think it’s something you could do as a side hustle, wouldn’t hurt to get yourself set up as a business and get your general contractors license.
      While you were building your home you would be able to show potential clients your home and share your building process with them, you would be able to use your home as something to show potential clients when it’s finished

    • @keviv13
      @keviv13 4 роки тому +1

      @@JasonLawrence thank you Sir.

    • @Womanb4anything
      @Womanb4anything 2 роки тому +1

      @@JasonLawrence how hard is it to get the contractors license?

    • @JasonLawrence
      @JasonLawrence  2 роки тому

      @@Womanb4anything Hi there, every state is different if you contact your state builders association. So Google the state you live in… builders association and it should come up you should be able to reach out to someone there and they can get you information. With some states they may require that you have some time in the building industry meaning have a job in the building industry for a couple years or so in order to get it. Even though it may seem hard and like it will take a long time don’t let that discourage you, Start it now, You’ll be happy you did in the near future

  • @shaunrobinson4944
    @shaunrobinson4944 3 роки тому +1

    Hey I’m interested in learning more about your services!!!

    • @JasonLawrence
      @JasonLawrence  3 роки тому

      Hi Shaun, what’s your email address I can send you some info on the service I offer

  • @nate4545
    @nate4545 3 роки тому +1

    How many homes could you manage at once(spec or build for customer) and what amount of capital would you need in order to safely/responsibility build and sell a spec home(s) for startup?

    • @JasonLawrence
      @JasonLawrence  3 роки тому +1

      By yourself I’m sure you could responsibly manage 6-8 homes.
      If you’re able to find a bank that will do a spec home on for you they’re going to require 25% down otherwise you could try to find an investor

  • @randypadilla1487
    @randypadilla1487 3 роки тому +1

    Hey Jason how much is the retainer fee ?

    • @JasonLawrence
      @JasonLawrence  3 роки тому +1

      My coach and consulting service is $100 per month(includes a one hour phone call per month) I did just finish a course that covers everything from financing all the way through selling your spec home and every detail in between, I also offer support along with the course

    • @randypadilla1487
      @randypadilla1487 3 роки тому +1

      @@JasonLawrence your the man thank you

  • @Mw3LoV3r
    @Mw3LoV3r 3 роки тому +1

    Do I need go to college to became a house builder?

    • @JasonLawrence
      @JasonLawrence  3 роки тому +1

      Hi there, no you do not need to go to college to become a builder if being a builder is really what you want to do I would recommend working for a home builder or in the homebuilding industry instead of going to college and that will get you the best experience, Plus you have my information that I put out there, I also do you have a course that I just finished as well

    • @Mw3LoV3r
      @Mw3LoV3r 3 роки тому

      @@JasonLawrence thanks so much… I really love everything that is related to home builder, framing, home design etc. I never thought I could became a home builder because I don’t have a college degree. But now…I know I can start chasing my dreams. I’m gonna start following your channel. I really find your videos very educative and informative .

  • @joseevans6580
    @joseevans6580 3 роки тому +1

    While everybody else getting paid how do I get paid to cover my family needs during the construction of the homes?

    • @JasonLawrence
      @JasonLawrence  3 роки тому +1

      You can take an initial draw at the closing of the construction loan, The screen cover the building permits and any expenses you need prior to taking the first draw and then you can also add in a commission for yourself.
      Also if you needed you could draw some funds for yourself when you take the other draws

  • @reasebaustien7945
    @reasebaustien7945 3 роки тому +1

    Hello Jason,
    Would like to take you up on your offer!
    What is the best way to contact you?

    • @JasonLawrence
      @JasonLawrence  3 роки тому

      Hi there, you can email me jason@josephscotthomes.com

  • @nope5807
    @nope5807 3 роки тому +1

    I’m interested in your consulting service.

    • @JasonLawrence
      @JasonLawrence  3 роки тому

      Can you email me jason@josephscotthomes.com

  • @grth3929
    @grth3929 4 роки тому

    S Corp for the savings on tax

  • @tabithawassall4100
    @tabithawassall4100 3 роки тому +1

    I’m getting ready to start new construction and would love a mentor!

    • @JasonLawrence
      @JasonLawrence  3 роки тому

      Hi Tabitha, send me an email jason@josephscotthomes.com and I can send you all of the details for my mentoring program

  • @RhoadesHomeServicesLLC
    @RhoadesHomeServicesLLC Рік тому

    I’m looking to see if you can assist me with my startup. Pick your brain. Thank you

  • @abutler1973
    @abutler1973 4 роки тому +3

    Is there a step by step checklist for someone who wants to become a spec builder? Spec building for dummies?? Lol!

    • @JasonLawrence
      @JasonLawrence  4 роки тому +6

      Anthony Butler I’m working on one, kind of, either that or some kind of video course on it, for now I have a consulting service that is $75 per month, unlimited phone calls, emails, Any and all information you would need to help you through the process

    • @SnakeHaven4Reptiles
      @SnakeHaven4Reptiles 2 роки тому

      @@JasonLawrence are you still providing this service? I’m interested in starting this year one home at least in las Vegas

  • @cowboysnation1
    @cowboysnation1 4 роки тому

    All this is common sense.

  • @angelobrunetti3660
    @angelobrunetti3660 Рік тому

    Stealing from Peter to give to Paul

  • @allmoneyboog
    @allmoneyboog 3 роки тому +1

    Your going to jail 😂😂😂😂