Owner Builder Potential
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- Опубліковано 11 лют 2023
- As an owner builder, you know there are potential savings because you are managing your dream home build yourself. But there is a lot of work involved with learning the process and then actually making it happen. In this video Michael talks about the potential for creating income and sweat equity as an owner builder. An example is given of a 25 year old who built a small property of tiny homes that brought in $860K in rental bookings in 2022. ownerbuilderclass.com/
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Something doesn't add up in my mind. This guy found 5 acres for $138k to build 7 tiny homes. He said the cost of labor and materials were $2.5mm. A 1200ft "tiny" home would then average $300/ft. As I understand it tiny homes are much smaller than that. I live in Texas, one can build on a pretty high end for that. Especially contracting it yourself.
He probably had to build roads, wells and a septic system/water treatment system as well as clearing part of the land and building an electric grid from scratch. I agree with you though, $2.5 million is a lot of money indeed.
It's alot of land for 7 tiny homes, mayne added some anemnities like a private park pool etc etc? This would greatly increase the rental price.
I agree, even with land improvements $300 SQ ft is pretty bad, that's $357k per house. That amt will get you a lot more than 1200sf in most areas of the country except near the major cities.
Hmmm $860k/ 7 units = $123k per unit year. $123k / 365 days = $337 day.
So that’s a 100% occupancy rate @$337 per day….
BULL CRAP!!
Mike - great video. I understand how one could find most trade contractors like plumbers, electricians, etc. But how does one find a framing crew? Thanks!
Show us the interior of these homes along with the financial statements.
Wow, great story mike. We have been thinking about doing something similar in the Carolina’s. Any information of how to plan a multly house project like this? Thanks, jeff
Hey Armchair, I just watched your video and I must say that it was really informative and well-made. I loved your videos. I was wondering if I could help you edit your videos and also make highly engaging shorts for you.
You provide amazing videos... thank you. Where can I get information on building homes? I want to start buying land and building single family homes that I can resell for a decent profit.
Nice
Michael - how best do owner builders go about getting a construction loan? I heard not many banks want to do a loan for owner builders or interest rate is a lot higher.
also been told that south state and rural 1st arent doing O/B construction loans since the beginning of this year.
I have 10 acres but I can't do anything with it thanks to those good ol regulations.