CHALLENGING Myself To Build A House In 60 Days!!

Summary

In this engaging video, the host shares his journey of building his second home in North Houston, Texas, which will also serve as a rental property. The house, located near The Woodlands, Texas, is designed in a contemporary style with a blend of Hardy lap siding and Hardy panel siding with a stucco finish. The 1768 square foot house will feature three bedrooms, two and a half bathrooms, and a two-car garage. The host plans to use high-quality materials and finishes, such as quartz countertops and a standing seam metal roof, to increase durability, property value, and rental income. He is financing the project with personal funds and credit cards, with plans for a cash-out refinance post-construction. The host outlines his real estate strategy, which includes building multiple single-family rental properties, moving on to larger projects like multi-family properties, and eventually venturing into commercial real estate. He invites viewers to follow his progress on YouTube and shares his long-term goals of building a substantial real estate portfolio within the next five to seven years.

Takeaways

• 🏠 The speaker is constructing their second home and rental property in North Houston, Texas, near The Woodlands.
• 📈 They have already purchased the lot, secured building plans, obtained a temporary permit, and hired material suppliers and subcontractors.
• 🔨 Construction is set to begin the next day, marking the ground-breaking phase.
• 📚 A course is offered for those interested in learning how to build their own house, with a link provided in the description.
• 🏡 The house design is contemporary with a mix of siding materials and a stucco finish, featuring three different gray colors and a black standing seam metal roof.
• 📐 The property will be 1768 square feet with an open floor plan, three bedrooms, two and a half bathrooms, and a 448 square foot attached two-car garage.
• 💎 High-end finishes and quality materials like quartz countertops and a steel front door are being used to increase durability, property value, rental income, and for interesting YouTube content.
• 💳 Financing for the build is a combination of personal cash, checking account funds, and two credit cards, with plans for a cash-out refinance after completion.
• 🔄 The Burr strategy (buy, renovate, refinance, rent, and repeat) is being utilized for acquiring this rental property through new construction.
• ✅ The long-term goal is to build three to five single-family rental properties within two years, followed by larger projects like multi-family properties, and eventually venturing into commercial real estate.
• 📈 The speaker aims to accomplish all of this within the next five to seven years and will be documenting the process on YouTube.
• 📺 Viewers are encouraged to subscribe to the YouTube channel and comment on what kind of content they would like to see regarding the second home build.

Q & A

What is the purpose of the house being built in North Houston, Texas?

The house is being built as a second rental property for the owner.

What are the key features of the house's exterior design?

The house will have a contemporary style with Hardy lap siding on one side and Hardy panel siding with a stucco finish on the other. It will use three different gray colors for the siding, a black standing seam metal roof, black steel front door, black aluminum windows, and a black garage door.

What is the square footage and layout of the house?

The house will be 1768 square feet with three bedrooms, two and a half bathrooms, an attached two-car garage of 448 square feet, an open floor plan on the bottom floor with a living room, kitchen, dining room, utility room, and a powder room, and two additional bedrooms with a shared bathroom upstairs.

Why is the builder opting for higher-end finishes and materials?

The builder chose higher-end finishes and materials to increase the house's durability against tenant wear and tear, enhance property and rental value, make the YouTube videos documenting the build more interesting, and to feel prouder of the finished product.

How is the builder financing the construction of the house?

The builder is using a combination of personal cash from a bank account, funds from a checking account, and two different credit cards. After the house is built, a cash-out refinance will be done to recover the money used for construction.

What strategy is the builder using to acquire the rental property?

The builder is using the Burr strategy, which stands for Buy, Renovation, Refinance, Rent, and Repeat, typically used for fix and flips but adapted for new construction in this case.

What are the builder's long-term plans in real estate?

The builder plans to build three to five single-family rental properties within the next two years, then move on to larger projects such as multi-family properties like triplexes or fourplexes, and eventually transition into commercial real estate with large apartment complexes, storage facilities, or business flex spaces within the next five to seven years.

How does the builder plan to document the process?

The builder plans to document the entire process through YouTube videos, providing a step-by-step guide on building a house and sharing the real estate journey.

What type of siding materials will be used for the left side of the house?

Hardy lap siding will be used for the left side of the house.

What is the size of the attached garage in the house plan?

The attached garage will be equal to 448 square feet.

What will be the color scheme for the house's exterior?

The exterior will feature three different gray colors for the siding, with black accents from the metal roof, front door, windows, and garage door.

What is the builder offering to those who are interested in building their own house?

The builder is offering a course, accessible via a link in the video description, that teaches individuals step by step how to build their own house.

How can viewers stay updated with the builder's second home build?

Viewers can subscribe to the builder's YouTube channel and comment with the type of content they would like to see more of regarding the second home build.