How to Develop Ground Up Rental Real Estate: From Building Team to Finding Land Development Deals!

Рет қаралды 63,348

2 жыл бұрын

Daniil Kleyman spoke at the Dealmaker Bootcamp for 250 high level real estate investors on the steps it takes to develop high-quality ground up rentals, from duplexes all the way to large apartment complexes.
More development content from Daniil Kleyman: RehabValuator.com/developers
Sign up for Rehab Valuator software for developers, including full deal analysis, fund-raising and project management features: RehabValuator.com
Group Coaching: RehabValuator.com/inner-circle
September 2022 Deal Maker Even in Richmond, VA: Elitedealmakers.com
Shortcuts:
How to Build Your Team 22:01
How to Find & Identify Great Development Opportunities 32:35
Here’s some of what we cover here:
• Why I never buy tenant-occupied properties
• Why I won’t ever sell you my architectural plans
• The one must-have for a scalable portfolio
• The 2 Key Members on your development team
• How to avoid “zoning landmines” and the consultant that will help
• How to transition from rehabbing to ground-up
• 2 key knowledge areas to spot great dev opportunities
• The only place I’ll ever put my AirBnB units
• And much much more

Пікірлер: 75

@RehabValuator 2 жыл бұрын

WATCH THIS NEXT after this video if you want to go deeper on building rentals: kzfaq.info/get/bejne/bat3qM2Qrqymg2g.html

@perfectshotfilming 2 жыл бұрын

Hello, great content! My name is mike. I'm based in RVA and would love to connect with on a deal. whats your email?

@user-qn5bs8xq6v 10 ай бұрын

Great video. A year ago I watched this and tomorrow is my first pre-consultation meeting with a city for a redevelopment project in Ontario, Canada. After 7 years of restoring old homes, this is a very exciting time. Thanks for all your guidance.

@RehabValuator 10 ай бұрын

That's freaking awesome! Congrats and hope it goes well!

@gracefulyhwh220 9 ай бұрын

SUPER

@thedcgirl202 2 жыл бұрын

As always, Thanks for providing great value, Daniil!

@RehabValuator 2 жыл бұрын

You're welcome!

@KamaluddinPanhwar Жыл бұрын

I saw many videos but this guy has realy points, He is amazing in rental business. His ideas are realy worth of try. I will definitely view more of this series videos

@thedcgirl202 Жыл бұрын

PHENOMENAL presentation, Daniil! So many gems!

@RehabValuator Жыл бұрын

Thank you!

@ramizayed3853 2 жыл бұрын

Great content. Love the “outside of the box” thinking. Cheers

@RehabValuator 2 жыл бұрын

Thanks 👍

@igonz22 2 жыл бұрын

Great video. That was a master class on real estate development

@RehabValuator 2 жыл бұрын

Glad you found it useful!

@houseofsada43 2 жыл бұрын

Great video you can see his passion for real estate when he speaks!!

@RehabValuator 2 жыл бұрын

Thank you, Alex!

@ladyjinla1725 2 жыл бұрын

Great content priceless information thank you Daniel Kleyman

@RehabValuator 2 жыл бұрын

Glad you enjoyed it and you're welcome!

@dtub10 9 ай бұрын

WOW! As a wholesaler who’s pivoting from wholesaling SFH to vacant lots/infill lots as a segue to development (my end goal with real-estate), this was so helpful and VERY insightful.

@RehabValuator 9 ай бұрын

Very glad to hear it!

@victorialockheart5213 2 жыл бұрын

Thank you for this valuable information. I'm looking to learn more about Chesterfield County, specifically 23113 and 23114 zipcodes. But many points can be transferred to any locality.

@jeremiahologhobo6952 2 жыл бұрын

Thanks for the knowledge!

@RehabValuator 2 жыл бұрын

You bet!

@cici_47 2 жыл бұрын

this is great!

@leeroach3381 8 ай бұрын

Very helpful Thank you for sharing

@RehabValuator 8 ай бұрын

You're welcome!

@ziggyc4474 Жыл бұрын

This dude is the man !!

@RehabValuator Жыл бұрын

Thank you!

@dallasbell6156 Жыл бұрын

this video is golden

@RehabValuator Жыл бұрын

Thank you!

@savvyprints871 5 ай бұрын

Great Info 🔥🔥🔥

@RehabValuator 5 ай бұрын

Glad you found it valuable!

@TimHarveybuysrealestate 2 жыл бұрын

What a class. Hate I missed it in person.

@RehabValuator 2 жыл бұрын

Next time!

@deepikaatkinson4111 Жыл бұрын

Good insights Thanks so much.

@RehabValuator Жыл бұрын

You're welcome!

@markmcgrath2803 Жыл бұрын

Daniel, meet you years ago. We had lunch and you showed me a couple of projects you were working on. (I new an architect that worked for at the office you used.) Your ability to share what you were working on has always stuck with me. Thank you for all the content.

@RehabValuator Жыл бұрын

I remember, Mark! Nice to hear from you!

@gregmayer2083 Жыл бұрын

I i vi

@gregmayer2083 Жыл бұрын

@@RehabValuator BP po 49:38 v 😮 b lo 😮b i onion olbn

@jeromeandjoyceminor1952 Жыл бұрын

Danill, great info, great software product and great industry tips. Do you do any MFH deals outside of VA. I'm an aspiring apartment developer in SE and looking for a solid developer for partner/consultant/mentor. On first 1-2 projects.

@RehabValuator Жыл бұрын

Appreciate the compliments! Only doing development in VA for the time being. Going to roll out a development training/mentorship group though in 2023 so stay tuned! Subscribe to Rehab Valuator in the meantime if you want to stay in touch, get new content and updates.

@phillipwright9697 Жыл бұрын

Wow so eye opening. Question: In your experience is it typically more economical to build two duplex on two lots next to each other, or rezone into one big lot and build a quad? Thanks.

@RehabValuator Жыл бұрын

Cheaper in our area to build 2 separate duplexes attached

@ziggyc4474 Жыл бұрын

Where would you show or how do you show potential tenants what you will build to get them to Prelease on a computer or like a small prebuit model of what u will build and they come in to your office to see it or do you send them the finish product by email or a website you may have ?

@RehabValuator Жыл бұрын

Our property management software creates marketing for us and syndicates it to listing sites. We just use pics of similar projects we've completed in the past

@ziggyc4474 Жыл бұрын

Is there a tip that we can use to tie up a lot but get time to change the zoning like a 60 day 90 day maybe just to subdivide and resell it to a builder also when u subdivide do we get specific to what i zoned it for say a 4 unit or 2 unit complex etc ?

@RehabValuator Жыл бұрын

I cover that in one of the examples in this video. For land 90 days due diligence plus time to close (another 30 days) is normal, especially for commercial. If you're dealing with small residential lots then sellers typically expect a quick close (30 days). If you're planning to rezone, be upfront with the seller about what you're doing because they'll have to sign off anyway. And explain to them that in order to give them the price they want (or get close to it) you need to do this and increase the value of the land to what they're asking.

@ziggyc4474 Жыл бұрын

@@RehabValuator man so knowledgeable is there a mentorship i wanna learn 1st how to subdivide lots and also then developing.

@ziggyc4474 Жыл бұрын

@@RehabValuator amazing

@TheeRealDuPree 3 ай бұрын

Any recommendations for finding quality/trustworthy Contractors/architects? (Hampton roads area)

@RehabValuator 3 ай бұрын

I cover that in this video actually. Get local referrals from people you trust. It's simple and it works.

@tw2800 2 жыл бұрын

The real presentation begins at 2:51

@RehabValuator 2 жыл бұрын

True! :)

@CoachAric Жыл бұрын

For a traditional up down duplex. What would you estimate to be your total non construction and non land purchase cost? Architect, engineer, permits, filing fees etc? Thank you for the awesome content!

@RehabValuator Жыл бұрын

Ballpark $5-7/ft for all soft costs on residential. More like $10-$12 for commercial (3 units and higher)

@CoachAric Жыл бұрын

Awesome. Thank you!

@economicdevelopmentplannin8715 2 жыл бұрын

I assess the viability of a career using different tools. One, is BLS, from the federal government. Notably, a real estate developer isn't exactly an occupation BLS will tell you exists. There's a page for realtors and property management professionals, but not the developer. Possibly because no one will hire you to be a developer. This is an occupation you choose typically if you are deploying your own cash. The number of job postings on any job board that will hire someone based on their ability to develop real estate projects using your software, is negligible. Using the information we do have, BLS forecasts clearly that the job prospects for realtors and property management professionals is small and slowing. The question becomes, is there room for growth in the developer occupation, or is it a saturated market and skill not worth learning?

@luissanchez5383 Жыл бұрын

No one hires developers because they are the ones hiring everyone else. They hire contractors, realtors, managers etc etc, and yes only a few actually develop because it requires a lot of knowledge and money. They do cash out refi and rent, or sell the properties to generate income. It’s definitely a career

@economicdevelopmentplannin8715 Жыл бұрын

@@luissanchez5383 being a pro athlete is also a possible career option, but a highly improbable career option. I think being an RE developer is possible, but doing very profitable deals consistently is improbable to most people...

@thepondererscrivens4379 2 жыл бұрын

By definition or by law does a quadroplex have to be attached by a roof or could they be individual buildings built on the same plot of land

@RehabValuator 2 жыл бұрын

I think a quad would have to be under one roof. I don't think there's a "law" that applies to this in legal sense though

@darrylhill3460 Жыл бұрын

Architects I've met do NOT usually do highest and best use of land analysis. A city planner consultant split up my land for a fee. Do you have an architect or person for this role on your staff already?

@RehabValuator Жыл бұрын

Hi Darryl. Great question.. Most architects I work with are able to figure out what can be built by current zoning and optimize the lot for that with the constraints of the current zoning. "Highest and best use" is often not what current zoning allows though. For that we use a zoning consultant that helps upzone land via various methods to their highest and best use.

@ovingtonprophete8798 9 ай бұрын

Do you do classes?

@RehabValuator 9 ай бұрын

Yes. Usually here: www.RehabValuator.com/inner-circle

@Mike-hf7kd 2 жыл бұрын

How do i make my own template?

@RehabValuator 2 жыл бұрын

Mike - sign up for Rehab Valuator Premium software here and you'll have ability to do everything I show in this video: www.RehabValuator.com/upgrade

@livingingreenvillenc6904 Жыл бұрын

When is the next class??

@RehabValuator Жыл бұрын

Next bootcamp is in 2 weeks but I won't be speaking at that one. Still a ton of knowledge there: elitedealmakers.com/

@livingingreenvillenc6904 Жыл бұрын

@@RehabValuator dang, I can’t make it. Family vacation. Can I purchase the recording?

@riumudamc4686 2 жыл бұрын

$125/sq/ft is a low cost. How do the contractors offer new construction at such a low cost? Thank you

@RehabValuator 2 жыл бұрын

Totally varies market by market, by product quality and by your ability to execute projects, source your own subs, materials, etc. What costs me $125/ft may cost someone else in my market $150/ft

@orcacapitalllc Жыл бұрын

As a lifetime owner of construction companies I do not see where code variation for commercial apartments built like typical apartments would add cost due to "more" costs. What "codes" would you be referring to?

@RehabValuator Жыл бұрын

Building by residential code (single families, duplexes, etc) does not require (at least in my market and most markets) sprinkler systems, backflow prevention, stormwater retention, engineered MEP drawings, engineered structural drawings, ongoing fire monitoring costs, and a number of other items. This all adds up to a bare minimum of additional $20-$25/ft in our deals