KZfaq is my job...I make videos for a living and each one takes 40-60 hours on top of the time spent doing the renovation...It is not a cost or a savings in the renovation. You're basically asking to see my tax returns... Don't get me wrong, I'm very grateful for everyone that watches, and the life that KZfaq allows me to have, but there is a line to how much of my personal life I'm willing to share.

@@modustrial Instead of giving actual numbers can you just say that with You tube revenue plus your commercial sponsors was it worth it to you to do all this work yourself over 4 years. In other words do you feel better off selling your old place and renovating the new place and in a better place fiscally?

Thats not really how it should be looked at... I quit my job as an attorney to make KZfaq videos full time, and the first part of my life as a KZfaqr was spent documenting this renovation. Would I have made more as an attorney? Yes. But am I happier doing things I'm passionate about instead? 💯 Yes.

Ha, fair enough. Thank you!! And please do feel free to comment. I didn't mean to come off as angry... Your comment was not over the line whether joking or not. There were many others saying the same thing in a less tactful way. I chose this one to respond to and pin since I felt it was stated in a nice way 😃

@@20Millzie07 I don't think you understand the hypocrisy in telling someone not to get defensive, whilst getting defensive and saying "Won't be commenting again" because you got a factual reply instead of a high five for a "joke" that has been made hundreds of times before...

Yeah so he broke even, right.?

@@robbertmadden1386no. He saved $260k+ - if everything was hired out he would have broke even

@@robbertmadden1386 If he didn´t do the DIY yeah.

Not really, by doing all the work in savings he kept that money and not being upside down he pays taxes on a space that could have been 30% higher without the labor/cost savings. It is worth 1.5 million in most places I think. Let's see how the tax accessor values it???​@@robbertmadden1386

@@robbertmadden1386 It's still in Chicago.

Thanks!!!

Totally agree, four years has really passed by fast 💨😅! Thanks for all the videos!

Same here , good job

I know. I remember watching during the height of COVID. Time flies.

Same here, I bought my place during Covid and I been watching this channel since then. 😅

Yeah of course, because you let people know what your financial situation looks like. Except this guy who was a lawyer, where the building doesn't reflect his entire net worth, so he doesn't care.

Thank you!!

Same. I'd also be interested to see how much was recuperated via KZfaq monetization as well

thank you!

That’s really not so much profit as it might sound, when one spreads it over 4 years.

@@jpp7783 Money from youtube vids too buddy, overall its pretty good.

KZfaq Profits: millions!

​@@jpp7783 Plus he counted his own time as profit against hired help, but didn't value the opportunity cost of his own time working as a lawyer.​

For anyone who's calculating profit, you don't get to count your DIY savings as profit if you're calculating this as an investment. The reason being he could have been doing the exact same work over a period of time which would have generated the same income. So in this case you have to take that savings and amortize that over 4 years. Which means he was only paid $5.5k/mo (or $35/hr) to do the build. For example he even said charged $16k for similar doors; Odds are if he JUST did doors over 4 years, he'd have made double that per month after you amoritize the net. It obviously get's a little grey since these videos are his real job. So he's actually taking double salary: 1) Construction Labor ($35/hr) 2) Video Production (what ever he earns against the videos). And the two jobs depend on each other. We wouldn't watch these videos if he had hired contractors for all the finishings, and he wouldn't be doing the labor if he wasn't making these videos. This is easier to understand if you think of him making, say, video-production centric videos on youtube - which garnered similar views/earnings (a la Potato Jet). And if that was his primary job, but he decided to renovate this building on the side as spec-job/investment. He wouldn't have done the labor himself, and it would be a pure investment. So in terms of investment, he spent $951,000 and this property has an estimated value of $950,000. That's a $1000 loss. If he had invested the exact same amount of money in the S&P 500 in 2020, his net profit would be $958,789 If he had invested the exact same amount of money in the S&P 500 in 2023, his net profit would be $237,750 If he had invested just the initial principal (building acquisition) into the S&P 500 ($350,000), his net profit would be $354,975 So in pure investment terms, He's earned a substantial loss when you include conservative opportunity costs. There's other factors you can easily apply here as well. For instance he loves doing this kind of stuff. He's building a brand in tandum which is the actual investment. His video production earnings well out-earned that $958,000 profit. My only real question is why hasn't the property appreciated in-it-of-itself over 4 years? If he had simply bought a single-family-home and never even touched it, it would have appreciated over that time. Almost all property have moved up something like 5-6% YOY.

They're great!

Yea I saw them recently, and really looking to get the 2 zone system for my garage and a hot room. Looks super simple and pricing is great!

@@BarbershopReviews you wouldn't regret it. Will say it's a two person job to get em installed generally, but they work just as perfectly as all of my professionally installed units

🤣

Thank you!! 🙏

thank you!

A permit expediter doesn’t work for the city and isn’t a public employee. The architect hires them to do all the permit submittal and coordination with the city. You don’t want to be paying your architect’s hourly rate to burn your money meeting with permit office.

Totally agree, but £10 says he's sold up and bought the next renovation project within the next 18-24 months 😉

@@oliverking9951 I don't think so. He loves this place. He bought and reno'ed it for him to live in and have his business on the first floor.

I recognise a serial renovator when I see one. It's 90% the renovation process and 10% enjoying the fruits of the labour 😉

Same here 😅

That would be so nice!

Des Moines Iowa has the cast iron but allows the rubber.

Crazy thing is the lead "seals" don't allow for any expansion - whereas the rubber ones do, it's actually a less efficient, more problematic system to use lead.

Cast iron is required due to sewer rats. I watch a plumber in New York that mentioned this. The rats can easily chew through PVC so the major cities only use cast iron for this reason.

@@glenziga7464 PVC is allowed underground, the problem with PVC is that it burns so it's not allowed where it could contribute to a fire in a commercial building. Being rat proof is just a bonus to being fireproof

thank you!

Thanks much!

No one will say it out loud but it seems like that's what it is...

@@modustrialUnions vote. Union members also make more money on average than non- and that money generally goes back into the local communities where they live, increasing overall quality in their community and contributing (hopefully) to net increase in local population. Great cost breakdown video! Thanks

Cities also have buildings that are well over a hundred years old. Copper and iron is known to last that long. The Jury’s still out on PVC/PEX.

Then again, metal piping is more hard wearing. It also fits a character building aesthetically better than PVC tubes.

@@modustrial I think it was Season 19 (~1998) of This Old House set in San Francisco that was already entirely explicit about the adherence to old plumbing methods being due to union pressure. In their case I believe it was about copper for everything, including drainage plumbing.

ha, thank you!! 🙏🙏

Yes. Excellent point

thank you for the very kind words!!

Thank you!

thank you!

thank you!

Thank you!

thank you!

Next video will lay out some big plans for the future!

Thank you!!

Thanks!

Thank you!