CHALLENGING Myself To Build A House In 60 Days!!

Case Lucas Robinson

8 Aug 202303:38

Summary

TLDRIn 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.

Outlines

00:00

🏡 Second Home Build in North Houston

The speaker is embarking on their second home construction project, which will also serve as their second rental property. The house is located in a North Houston subdivision near The Woodlands, Texas. The speaker has completed the preliminary steps, including purchasing a lot, obtaining building plans and a temporary permit, and hiring material suppliers and subcontractors. They are set to break ground the next day. The house will be a contemporary style, featuring a mix of siding materials and finishes, and will include three bedrooms, two and a half bathrooms, and a two-car garage. The speaker plans to use high-quality materials and finishes to increase durability, property value, rental value, and to make the construction process more interesting for their YouTube audience. The construction is financed through personal funds and credit cards, with plans for a cash-out refinance after completion. The speaker outlines the Burr strategy (buy, renovate, refinance, rent, and repeat) for acquiring rental properties and shares their long-term real estate goals, which include building multiple single-family rental properties, larger multi-family projects, and eventually venturing into commercial real estate.

Mindmap

Keywords

💡Home Build

Home build refers to the process of constructing a house from the ground up, often by the property owner themselves rather than a developer. In the video, the speaker is undertaking their second home build, which indicates a personal investment and hands-on approach to real estate development.

💡Rental Property

A rental property is a real estate asset that generates income through renting it out to tenants. The speaker mentions that the house being built will be their second rental property, emphasizing an investment strategy that aims to produce a steady income stream.

💡Subdivision

A subdivision is a section of land that has been divided into individual lots for the purpose of development, usually for residential purposes. The video mentions that the house is being built in a subdivision in North Houston, Texas, which suggests a planned and organized approach to residential development.

💡Building Plans

Building plans are detailed architectural designs and specifications that outline how a structure will be built. The speaker has obtained building plans, which is a critical step in the construction process, ensuring that the house will be built according to specific design and regulatory requirements.

💡Material Suppliers

Material suppliers provide the necessary construction materials for building projects. The speaker has hired material suppliers, which is an essential part of the construction process, as it ensures that all the required materials for the build are sourced and available.

💡Subcontractors

Subcontractors are specialized contractors who are hired by the main contractor to perform specific tasks or work on certain aspects of a construction project. The speaker has hired subcontractors, indicating that the construction process involves a team of professionals with different areas of expertise.

💡Contemporary Style

Contemporary style refers to a design approach that is current, modern, and in line with the latest trends. The video describes the house as having a contemporary style, which suggests a sleek, up-to-date aesthetic that may appeal to modern tastes.

💡Hardy Siding

Hardy siding is a type of exterior cladding made from fiber cement, known for its durability and resistance to various weather conditions. The speaker plans to use Hardy lap siding and Hardy panel siding with a stucco finish, indicating a choice of materials that prioritize both appearance and longevity.

💡Square Foot

Square foot is a unit of area measurement used to express the size of a house or room. The speaker mentions that the house will be 1768 square feet, providing a quantitative measure of the house's size and potentially its market value.

💡Cash-Out Refinance

A cash-out refinance is a mortgage refinancing option where the homeowner receives cash from the equity in their home. The speaker plans to get a cash-out refinance after the home is built, which will allow them to recoup the funds they initially invested in the construction.

💡Burr Strategy

The Burr strategy, which stands for Buy, Renovate, Refinance, Rent, and Repeat, is a real estate investment strategy. The speaker is using this strategy for new construction, which involves buying land, building a house, refinancing to recover costs, renting out the property, and then repeating the process to grow their real estate portfolio.

💡Multi-Family Properties

Multi-family properties are buildings that contain multiple residential units, such as duplexes, triplexes, or apartment complexes. The speaker's long-term plan includes moving on to larger projects like multi-family properties, which indicates an ambition to scale up their real estate investments and potentially cater to a larger tenant base.

💡Commercial Real Estate

Commercial real estate refers to buildings or land intended for business use, as opposed to residential use. The speaker's ultimate goal is to enter into commercial real estate, which suggests a strategic progression from single-family to larger, income-generating properties like apartment complexes or storage facilities.

Highlights

Second home build and rental property in North Houston, Texas

House located in a subdivision near The Woodlands, Texas

Lot purchased and temporary permit acquired for construction

Hired material suppliers and subcontractors

Groundbreaking and construction start scheduled for tomorrow

Link in description to a course on building your own house

Contemporary style house design

Use of Hardy lap siding and Hardy panel siding with stucco finish

Three different gray colors for siding and black standing seam metal roof

1768 square foot house with three bedrooms and two and a half bathrooms

Includes an attached two-car garage of 448 square feet

Open floor plan with living room, kitchen, dining room, and utility room on the first floor

Second floor features master bedroom, master bathroom, two additional bedrooms, and a Jack and Jill bathroom

High-end finishes and high-quality materials for durability and increased property value

Use of quartz countertops, European style cabinets, and a nice steel front door

Financing through personal cash, bank account, and credit cards with a plan for Cash out refinance

Employing the Burr strategy for acquiring rental property through buy, renovate, refinance, rent, and repeat

Long-term plan to build 3-5 single-family rental properties within two years

Aspiration to move on to larger projects like multi-family properties and eventually commercial real estate

Goal to accomplish all within the next five to seven years and document the process on YouTube

Invitation to subscribe and comment on the most desired video content for the second home build