I Built 4 Rental Duplexes.
Here Are My Real Costs to the Penny!
Real Estate Development Case Study
I built 4 brand new rental duplexes (each duplex has 2 apartments). In this video I am showing you my exact costs and how they are broken out!
In This Video I Cover:
- How I structured the construction budget and broke down Soft Cost and Hard Costs
- Order of events in construction along with examples and pictures
- How we break down the budget into groups and sub-groups
- How my project performed vs budget and where I overspent the most
- Mistakes I made when budgeting for this project including some big ones!
- How these 4 duplexes ended up performing financially in the end
- And much more!
We Also Cover:
- How to easily build these types of construction budgets yourself
- How to track your costs in one place with simple construction accounting
- How to have clear insights into your data that you can use to prevent future mistakes
- Why it's important to have clear drawings before finalizing your budgets
- Etc…