@@GrantNavarre I need to talk with you. I want to build 5units. 3 are already demoed with framing. They started the brick wall up 8ft for 1 other unit. Will build another floor on top of it for another unit. I just don't know where to start 😁
i very much appreciate how transparent you are with this stuff its amazing for people like me who are considering investing my time and money into such projects your amazing bro.
Awesome! Just found your channel. I've been thinking about building an 8 plex for a long time now. I own a 4-plex and a Tri-plex but want something new that I know I won't have to worry about for many years to come. Really enjoy seeing you put numbers in the video. Helps a lot.
Great video Grant. Question; do you know the approximate cost per square foot would be for a 4-6 unit 3 bed/2bath units in today's market? Wood frame two-story building. Thanks for your help
This may be the most non-b.s. video I’ve ever seen on UA-cam! I’m not new to investing but I’m looking to start building multi family properties. This was great
Hey Grant, your videos have helped me A LOT, just wanted to thank you and also ask you, where is that project located, I would like to see it on google earth.
I believe It’s called 203k. Bummer is they have a list of certified contractors. Hard to find availability when the market is hot. From what I’ve heard they don’t make as much money and the draw process is not fun for them.
That’s awesome. I’m in eastern NC area and I’m looking to build some townhomes, approximately 30 units, 5 units per structure. I received a quote for 3.9M…seems way to high.
It definitely won’t be easy. Step zero work on your credit Step one look at your budget cut back! Step two find what you can save weekly! Step three write down attainable goals. Step four review them daily. Step five keep your spending down but try to raise your income. (Food delivery or try to get into sales if it’s for you) Step six learn everything you can about real estate while you save. Step seven when you have the money start! Bonus tips you can start out in real estate for 3-5 % if you live in it but I don’t like that plan. 3-5% makes the investment more risky. Also start learning how to spot deals. Know the market value of the are.
The concept and strategies and value engineering of selected products use in the project is good information. Keep the good work and Thanks for sharing this information. We can use some of this information in our RE Business.
I live nearby in Lafayette and I watch your videos all the time. My goal is to one day invest in a triplex or fourplex with my girlfriend as our first home. Your videos motivate and inspire me thank you for the amazing content!👍🏾
I mean, I've been watching a video with very informative.I would like to speak with you but I have a idea of my own and I love it your perspective or Is pointer
There are banks that will give you commercial 20 year mortgages and not balloon every 5 years typically they are fixed for 3,5,or 7 years and variable at NY prime+1% for the remainder of the years
I don’t know how you got the number down that low I’m a builder in Raleigh North Carolina and I can’t get my build cars for less than 160 a square foot
Great Video ! I had a question on the Cash on Cash Return Calculation. Would I take the Initial Investment (Down Payment, Closing, Rehab) divided by the Yearly Cashflow to see how long it would take me to pay it off instead of the Net Operating Income unless I had no mortgage then I would take the NOI? Thank You, hopefully my question makes sense.
I might try to buy my friend's land in Baton Rouge, my initial idea was a trailer park but this townhome project looks pretty cool too I want to do a lease to own on whichever project I go with. I'd love to pick your brain on Louisiana real estate because I'm down in Florida and I don't really know the LA market well.
Lake Charles? im in Morgan City. last time i went to Texas, Lake Charles STILL looked crippled. glad you posted this! BTW, how are your insurances this year?
5:12 Hmm...are you allowed to have socket outlet so close to the sink? Here in Ireland and Uk like the rest of Europe you need a min of 400mm space from sink, hob, cooker, etc... Water and electricity dont mix well!
Now a couple years down the road how are your rentals going? I’m beginning to cost out building an 8plex am curious if your seen some good return on your investment. Also, how much did the 8plex build cost you?
Real state is and will be the best investment ever, I m 49 and I consider myself retired since 2 years ago, It is not about becoming millionaire , it is about the freedom , about having what you need and , not ever working for anyone.
And along with the debt you get to deal with Renters, you know those people who trash your place, don't pay the rent, you need a court order.and 6 months to get them out, lawyer, you better get a good one, invest in the s&p and save the grief.
Thank you. I didn't see a management fee in your numbers. Also, do your numbers include interest carry during construction and lease-up? (BTW: PLEASE remove the word "literally" from your vocabulary. Literally.).
@@-_IT_- I bought my house and they didn’t do the battery system so definitely not that way. I’m hopeful the tech will advance and then I’ll absolutely do it to save.
Hey I'm interested in building my own 8 unit duplex What I would like to know is how do you find and buy the land in the city or area you want to build on do you have a video on that What do I have to do 1st. How many acres do I have to have to build such a unit and ruined to build more on the opposite side
I just know your father is smiling down on you! Doing him proud!
Thank you!!! This means a lot!
@@GrantNavarre I need to talk with you. I want to build 5units. 3 are already demoed with framing. They started the brick wall up 8ft for 1 other unit. Will build another floor on top of it for another unit. I just don't know where to start 😁
Most people keep many costs and profits secret. I appreciate you being so open with your journey
I’m a open book especially when I make mistakes!
This project of yours has come a long way and it's awesome to see that all that hard work is really paying off
Thank you!!! This means a lot! It definitely is shaping up!!!
@@GrantNavarre Is the 25k cash flow net (after all debts)?
@@GrantNavarreI want to build a 4 plex , would you mind sharing the steps on how to start ?
i very much appreciate how transparent you are with this stuff its amazing for people like me who are considering investing my time and money into such projects your amazing bro.
FINALLY. A video matching its title and actually giving out insightful and helpful info!
I'm looking into building my very first apartment complex. How big of a space did you need for those 8 apartments?
Awesome! Just found your channel. I've been thinking about building an 8 plex for a long time now. I own a 4-plex and a Tri-plex but want something new that I know I won't have to worry about for many years to come. Really enjoy seeing you put numbers in the video. Helps a lot.
Thank you. I own a duplex and looking to build a second on the same lot right now. These videos have helped.
Awesome! I’ve been waiting on this video! Amazing that you overcame all of that. I’m in BR just East of there and can relate.
Thank you! How did y’all do with the storm?
GRANT. I loose sleep at night in anticipation of these videos coming out
❤️ 🥺 don’t play with my emotions! Really!!! I’m happy you like them.
Crazy Breakdown, I actually got the picture of what you are trying to accomplish
I’m so happy that it work as a video!
The weather sound like a Chicago on a sunny afternoon. You get a bit of wind some rain and a chill breeze on the same day plus it gets hot later on
Crazy weather these days!!!
You are my Graham Stephen sir. Great Content! So humble, so positive. Wife and I have learned a great deal.
Thank you!!!!
Whew what a complement!!! 😳
Way to go! I like the format of this video. I think the improvement have been massive.
I’m so happy you enjoy them!
Great video Grant. Question; do you know the approximate cost per square foot would be for a 4-6 unit 3 bed/2bath units in today's market? Wood frame two-story building. Thanks for your help
You are the best you can change the world and Always you are happy that is great and I am blessed to see your video and your project
Thank you!!! I will keep doing my best!
I noticed you do not have a GFCI outlet near the sink at 5:10
As long as there’s one somewhere in the circuit he should be fine
Even so he could always replace it with one later if needed.
There is one right out of the frame good eye!
Would love a video expanding upon how you got your projects down to $86 per square foot and other tips and tricks. I would literally pay for that 😊
When do you find time to sleep?! Love the real estate videos man 😁
Whew! I’m working out at 5:30 in the am so not much time for sleep. Lol
You almost reached my goal of $80,000 a month, you are my hero now
Always power up the like button. Thanks for the tips when I build my own house
I really appreciate that you enjoyed this!
Very awesome project!! Thanks for sharing!
Thank you!!!
This may be the most non-b.s. video I’ve ever seen on UA-cam! I’m not new to investing but I’m looking to start building multi family properties. This was great
You’re an absolute legend
Hey Grant, your videos have helped me A LOT, just wanted to thank you and also ask you, where is that project located, I would like to see it on google earth.
Grant, can you build a four plex with a 3.5% down through FHA? The reason I ask is because I’d like to build and househack for a year
I believe It’s called 203k. Bummer is they have a list of certified contractors. Hard to find availability when the market is hot. From what I’ve heard they don’t make as much money and the draw process is not fun for them.
@@JxAntonio1 thank you
Great video boss man! Do you hand you homes over to a property management company once complete, or are you doing all those things in-house?
Great video! As I stated a bunch I want to make a rental empire once I pay off my consumer debt. This video will help with my planning for the future.
I’m so happy it’s helpful!
Really Appreciate the Info man. We Building single family to rent in DFW ....but Thinking about To Get In To Apartments.
That’s awesome. I’m in eastern NC area and I’m looking to build some townhomes, approximately 30 units, 5 units per structure. I received a quote for 3.9M…seems way to high.
Suprising this only has 35k views. This is pure free real estate knowledge and even included the numbers and formulas. Thank you!
Amazing video! Keep up the great work. You are an inspiration for aspiring investors. Do you sell your building plans?
Can you explain how to get started easily without needing to spend lot of money? I don’t have that much money sadly
It definitely won’t be easy.
Step zero work on your credit
Step one look at your budget cut back!
Step two find what you can save weekly!
Step three write down attainable goals.
Step four review them daily.
Step five keep your spending down but try to raise your income. (Food delivery or try to get into sales if it’s for you)
Step six learn everything you can about real estate while you save.
Step seven when you have the money start!
Bonus tips you can start out in real estate for 3-5 % if you live in it but I don’t like that plan. 3-5% makes the investment more risky.
Also start learning how to spot deals. Know the market value of the are.
thank you so much for sharing your costs and profits and your methods to us. I appreciate it and hope all goes well for you. God bless
I am so excited to start my project. So Inspiring and amazing breakdown
Good shit man I like house u actually gave us real numbers and broke it down
I love real numbers, so I "smashed" that like button.
Ah yes, another great video from Grant Navarre
Thank you!
Man I'd love to Shadow you for a day. Stuff looks amazing man.
The concept and strategies and value engineering of selected products use in the project is good information. Keep the good work and Thanks for sharing this information. We can use some of this information in our RE Business.
Great video sir
i want to get into building multi family properties to help ease the housing crisis in california… this is one of my many dreams in life
I live nearby in Lafayette and I watch your videos all the time. My goal is to one day invest in a triplex or fourplex with my girlfriend as our first home. Your videos motivate and inspire me thank you for the amazing content!👍🏾
Great video!!!!
Thank you!!!!
I mean, I've been watching a video with very informative.I would like to speak with you but I have a idea of my own and I love it your perspective or Is pointer
There are banks that will give you commercial 20 year mortgages and not balloon every 5 years typically they are fixed for 3,5,or 7 years and variable at NY prime+1% for the remainder of the years
He has been hustling to get them rented! We have 1 left and have been only at it for 2 weeks.
Did you include principle paydown as part of your cash on cash return?
Amazing information thank you, this is the end goal!
How much of a price difference in 2023/24.
Finally, numbers that sound accurate and truthful instead of ridiculous real estate gurus claiming 100% annual returns from flipping fixer uppers lmao
Dude you’re videos are awesome
So, glad to find your channel. How much land do i need for a 8plex? and to grow into 16 plex?
$1400 for a new built rental 3/2 I think I’m moving to Luisiana and house hacking this by renting each extra room for $600
Yes!!!! I feel that it’s very fair as well!
Thank you for telling us the stuff that he didn't see has come
wow you are the man
That’s a cool project
Thank you!
@@GrantNavarre you’re welcome
I don’t know how you got the number down that low I’m a builder in Raleigh North Carolina and I can’t get my build cars for less than 160 a square foot
How much land per 8 units is roughly required? Thank you.
Great Video ! I had a question on the Cash on Cash Return Calculation. Would I take the Initial Investment (Down Payment, Closing, Rehab) divided by the Yearly Cashflow to see how long it would take me to pay it off instead of the Net Operating Income unless I had no mortgage then I would take the NOI? Thank You, hopefully my question makes sense.
Great info, thank you kindly!
I might try to buy my friend's land in Baton Rouge, my initial idea was a trailer park but this townhome project looks pretty cool too I want to do a lease to own on whichever project I go with. I'd love to pick your brain on Louisiana real estate because I'm down in Florida and I don't really know the LA market well.
Lake Charles? im in Morgan City. last time i went to Texas, Lake Charles STILL looked crippled. glad you posted this! BTW, how are your insurances this year?
Can you marketing the apartments so people agree on a contract before you start to build it??
I've looked around my home town to no avail. If only I could build one.
5:12 Hmm...are you allowed to have socket outlet so close to the sink? Here in Ireland and Uk like the rest of Europe you need a min of 400mm space from sink, hob, cooker, etc... Water and electricity dont mix well!
Did you discuss management cost?, even if you don't hire a management company you have to pay yourself something.
Thanks for sharing!
Absolutely!
Thank you so much for sharing. Which city and state did you build this project in?
Now a couple years down the road how are your rentals going?
I’m beginning to cost out building an 8plex am curious if your seen some good return on your investment. Also, how much did the 8plex build cost you?
Grant I like the 8 plexus plan. I need a copy of it.
Great video!
Awesome content! Love all the info you give
Do you have a money expense breakdown video? Including management team/staff.
Thank You very much!
Man First God bless you
Second I am ready to jump head first. Because just what we Air borne Guys Do.
we are literally the same age and I don't have didley squat! TEACH ME BROTHER!
Real state is and will be the best investment ever, I m 49 and I consider myself retired since 2 years ago, It is not about becoming millionaire , it is about the freedom , about having what you need and , not ever working for anyone.
Are you selling the blue prints of the multi plex
I never thought about it I would just upload them for anyone to use. I’ll have to figure out how to do that.
And along with the debt you get to deal with Renters, you know those people who trash your place, don't pay the rent, you need a court order.and 6 months to get them out, lawyer, you better get a good one, invest in the s&p and save the grief.
Watching this in 2023 and see that 4% interest. Good old days😂
Grant you need to get in shape bro. It’s been two years
Thats cool project. Great video ❤️❤️
Thank you!
Thank you. I didn't see a management fee in your numbers. Also, do your numbers include interest carry during construction and lease-up? (BTW: PLEASE remove the word "literally" from your vocabulary. Literally.).
I manage them myself. Literally! Lol
Do you already have a video on how you built a duplex at 19 years old . That’s very inspiring ! :)
Is it cashflowing 25k/mo or is that revenue? Because those are very different things.
Would doing a cash out refi on these new construction 4plexes be possible?
Absolutely!
Literally!
Lawn care will definitely be higher than $150 per month...more like $500+ per month.
Great video
Thank you.
Solar power or no solar power? I would collect rain water and use solar power to help me save money. Those two are killing my income.
No s power for rentals. I have them on my house but idk if I’ll use them in the future.
@@GrantNavarre is it worth the hassle using solar power? I mean I would run ac all summer long!
@@-_IT_- I bought my house and they didn’t do the battery system so definitely not that way. I’m hopeful the tech will advance and then I’ll absolutely do it to save.
You Are A Genius
Hey I'm interested in building my own 8 unit duplex What I would like to know is how do you find and buy the land in the city or area you want to build on do you have a video on that What do I have to do 1st. How many acres do I have to have to build such a unit and ruined to build more on the opposite side
Why 2 different net operating incomes, one for the CoC and Cap rate? 66k vrs 116k
very informative 👏 👌 power that like button
This means so much!!!
I would like to build a 12 unit apartment building but I'm not sure where to start.
Please help me I wanna do the same thing I want to build a 4 plex ground up how did you do it
I am getting ready to build my first Duplex at $93/ft or $168k. What do you like better, 2br or 3br?
What type of land can u build an apartment on
Is any land longest if is not commercial land