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The Biggest Mistakes People Make When Building a Home · Earn Your Leisure

• 0:00
  Speaker 1: Oh with that before you leave, should you buy a
• 0:02
  Speaker 1: home and renovate it or should you build from ground up?
• 0:06
  Speaker 2: You're a shot panel right now.
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  Speaker 3: Well, we all got a similar experience because we all
• 0:11
  Speaker 3: built the home.
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  Speaker 4: Yeah, So I personally would say, if you want to
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  Speaker 4: make the maximum margin on the deal, build right. That's
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  Speaker 4: going to give you the maximum return. But you need
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  Speaker 4: to have the right team.
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  Speaker 2: Right.
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  Speaker 4: That's strictly for live men, not for freshmen. If you've
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  Speaker 4: never done it before, stick to rehabs. It's quicker, it's easier,
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  Speaker 4: you can learn a lot. You can still make good money.
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  Speaker 4: But I don't think you can go wrong with either all.
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  Speaker 4: What's your thoughts on that, Troy shot.
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  Speaker 3: I think the most important thing you said was have
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  Speaker 3: the right team, because without them, it's going to be
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  Speaker 3: even more delayed.
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  Speaker 5: There's going to be cash grabs. It is cash intensive building.
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  Speaker 3: I think the other thing you need to do is
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  Speaker 3: study the municipality that you're building that house in to
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  Speaker 3: know obviously from a legal standpoint, but from a permit
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  Speaker 3: standpoint about how you get these permits and what can
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  Speaker 3: be allowed and what is permitted, what is zone That
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  Speaker 3: is important team permit and having cash man that's one
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  Speaker 3: thing that they won't tell you that. You need to
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  Speaker 3: know that this is a cash intensive and it can
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  Speaker 3: be stressful. But having a strong team and having multiple
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  Speaker 3: teams sometimes can help.
• 1:25
  Speaker 2: Shout it with your thoughts. Don't do it, you know, image, you.
• 1:35
  Speaker 1: Don't do it, Please don't do it. So ra shot
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  Speaker 1: you would buy something and renovated, giving your experience a
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  Speaker 1: beautiful staircase by the way, shout out.
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  Speaker 2: I have to text you like, oh, thank you.
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  Speaker 6: I appreciate that. The good thing I designed the house.
• 1:55
  Speaker 6: I did design the house. You know, it's one of
• 2:00
  Speaker 6: these things. The good thing about building a home is
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  Speaker 6: that you get to build it right, you get to
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  Speaker 6: design it. I'm meant to I'm into interior design, so
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  Speaker 6: you know, most men are not into interior design. I'm
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  Speaker 6: into interior design. So I enjoyed that part of the process.
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  Speaker 6: But the amount of money is unbelievable, and the stress
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  Speaker 6: and the delays and the hiccups and arguing with contractors
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  Speaker 6: and man, it's something that I think, and you know,
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  Speaker 6: I had a bad situation, so people obviously probably have
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  Speaker 6: better situations than me. But it's unbelievable. It's actually unbelievable.
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  Speaker 6: The amount of stress and the amount of money that
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  Speaker 6: I personally have spent over the last four years. So
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  Speaker 6: was it cool to design my house? Yes, because I
• 2:56
  Speaker 6: always liked sims growing up. So it is cool to
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  Speaker 6: just say I I want this, I want that, I
• 3:01
  Speaker 6: want this, I want that, I want that, go to China.
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  Speaker 6: That's all been cool. But if I had to do
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  Speaker 6: it over, I would most likely not do this. I
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  Speaker 6: would most likely not do this. Never again. Never again.
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  Speaker 2: I mean it's never again.
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  Speaker 3: That's why I said so, Like, even we've had these
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  Speaker 3: conversations just like personally, right, I'm like, the process is
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  Speaker 3: tedious and the glory is on the other side of
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  Speaker 3: it when yes, you have created something. My situation is
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  Speaker 3: obviously different, but I mean we're pretty much neighbors building
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  Speaker 3: that with somebody waking up in it and realizing, like, Yo,
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  Speaker 3: you really did this, Like this is something that you
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  Speaker 3: really did, you accomplished it. It's something that you can
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  Speaker 3: be proud of, It's something that your kids can be
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  Speaker 3: proud of, but it's also something that your community can
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  Speaker 3: be proud of. Right because we've kind of did this
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  Speaker 3: anywhere in the world, Like the fact that we did it,
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  Speaker 3: you know, in a place that is familiar to us
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  Speaker 3: and that people that are from our community can look
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  Speaker 3: at and say, Yo, these guys still in here giving
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  Speaker 3: back to the community, but actually in the community that
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  Speaker 3: are accessible to us. I think that part of it
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  Speaker 3: is like, all right, bro, I get it. It's terrible, right,
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  Speaker 3: And like I've had to watch him go through it.
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  Speaker 3: He's watched me go through it as well. But like
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  Speaker 3: that first night you sleep in there, it's like, Yo, damn,
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  Speaker 3: I did this.
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  Speaker 6: I'll say this too. Nobody talks about a lot of
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  Speaker 6: people don't make it past this. Like even area that
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  Speaker 6: we we live in, a lot of people built their homes.
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  Speaker 6: One guy got divorced because he got it because one lady.
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  Speaker 6: One bro couldn't finish the project. I actually developed sleep apnea,
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  Speaker 6: I mean insomnia sleep insomnia for two years. One guy
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  Speaker 6: developed a heart condition.
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  Speaker 5: That was.
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  Speaker 1: Yeah, there is health stresses that pop up with these
• 5:00
  Speaker 1: financial issues though.
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  Speaker 3: I'm not I'm not trying to be facetious yet. Yes,
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  Speaker 3: and I've watched it because the steep he's talking about, literally,
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  Speaker 3: I'm watching this happen to him, but I'm watching my
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  Speaker 3: wife go through it too. Like the stress levels insomny
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  Speaker 3: you can't sleep. I'm watching that and realizing that I
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  Speaker 3: can't develop those things because there's people that are gonna
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  Speaker 3: be relying on me, right Like, so I gotta have
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  Speaker 3: That's just my spirit.
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  Speaker 5: It's just like, I gotta be optimistic. Yo, when is
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  Speaker 5: this gonna end?
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  Speaker 3: It? Always it gets to that point, and Matt you
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  Speaker 3: can speak to it too. It's like, Yo, when are.
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  Speaker 5: We gonna stop spending at this level?
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  Speaker 2: Is right? Though? Troy?
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  Speaker 4: This ship is a pain in the ass, bro, This
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  Speaker 4: is I'm nothing that. This is one of the most
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  Speaker 4: stressful things that I've ever experienced in real estate. It
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  Speaker 4: just doesn't make no sense some days, and it's just like, y'all,
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  Speaker 4: I just feel like, y'all just I'm I'm some days
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  Speaker 4: I'm just like I feel like I just want to
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  Speaker 4: throw in the time with Like, but I'm like, I
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  Speaker 4: didn't come as far to get this far, So I
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  Speaker 4: gotta I gotta see this.
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  Speaker 2: To the end, you know.
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  Speaker 4: But I can't wait to have that experience, like you're saying,
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  Speaker 4: just to wake up and you're being your joint After
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  Speaker 4: all the blood, sweat and tears and all the hundreds
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  Speaker 4: and hundreds and hundreds of thousands of dollars that you
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  Speaker 4: have spent, like you need to be able to enjoy it.
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  Speaker 4: So I know there's going to be a rainbow after
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  Speaker 4: the storm, but it's just like damn this need to
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  Speaker 4: hurry up.
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  Speaker 3: So that that's the thing, right, So like I've been
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  Speaker 3: able to do that and even now, like I'll wake
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  Speaker 3: up and just be like, yo, look at God, Like
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  Speaker 3: God is really the greatest, to a point where sometimes
• 6:31
  Speaker 3: out like where am I and this is really like
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  Speaker 3: where I'm living, like this is crazy. But that just
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  Speaker 3: goes to like, yeah, I know, people say when you're
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  Speaker 3: in it, it fucking sucks. It does fucking suck, and.
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  Speaker 5: They're like, yo, don't worry.
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  Speaker 3: You won't think about as much as when you're living
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  Speaker 3: here and it's a part of your every day, you know,
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  Speaker 3: you can really be proud of it. And like, slowly
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  Speaker 3: I'm feeling that because I'm still like I'm still building,
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  Speaker 3: there's still pieces that I'm at and I'll text you,
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  Speaker 3: I'll call you after this so you can see what
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  Speaker 3: we just did.
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  Speaker 5: But it's slowly happening.
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  Speaker 3: I mean, I mean I watch it, I'm watching him
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  Speaker 3: go through it. I'm like, yeah, been, I know exactly
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  Speaker 3: what he's feeling because it's like, damn, you know.
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  Speaker 2: One of them is about a year and a half,
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  Speaker 2: got car shot.
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  Speaker 1: Like you're you good? He like yeah, I'm like, I
• 7:12
  Speaker 1: know you're not good. I know you're not sleeping. These
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  Speaker 1: are the other parts of the conversations that have to
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  Speaker 1: be had too. I keep telling you, after you get
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  Speaker 1: the money, they have a thousand ways to take it from.
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  Speaker 4: You, and they go fastil building a house, you'll see
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  Speaker 4: your money go fast.
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  Speaker 2: Yeah.
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  Speaker 6: And it's like I said, nothing like every day. It's
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  Speaker 6: every I've spent money every single day. But you know,
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  Speaker 6: I moved in. The house is not done yet, but
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  Speaker 6: you know, we're working around construction, but it's you know,
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  Speaker 6: it's it's it's coming together, like you know, you know
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  Speaker 6: all right, if you get married. They say this isn't
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  Speaker 6: something you should into unadvised something like that, Like that's
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  Speaker 6: they say you should seek counsel. This isn't something that
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  Speaker 6: you should into unadvised.
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  Speaker 2: M h.
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  Speaker 6: Building a home or even buying a home. Buying a
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  Speaker 6: home is not something you should enter unadvised. Great, Like
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  Speaker 6: that's a big, big, big deal. It's a commitment. And
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  Speaker 6: you know me, I never lived in a home. So
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  Speaker 6: even now it feels slightly weird, like waking up like
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  Speaker 6: by myself in a home. It's kind of it's kind
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  Speaker 6: of a big it's a big space. Feel slightly weird, honestly,
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  Speaker 6: like you know, to be completely honest about it.
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  Speaker 2: Put the family in there. We talked about Black.
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  Speaker 5: I'm eating lunch these guys in my front yard.
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  Speaker 3: Man.
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  Speaker 4: Yeah, Bro, I mean look, yeahs shoddy man, I have
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  Speaker 4: more kids or something.
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  Speaker 2: Bro.
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  Speaker 3: Yeah yeah, come on, man, I'm just saying you might
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  Speaker 3: have to like pop out two more or something.
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  Speaker 4: I don't know, like you got that big you know,
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  Speaker 4: like y'all got that big credit about like pause, but
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  Speaker 4: like that one is crazy.
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  Speaker 5: I'm just saying though, like respect for yourself.
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  Speaker 2: I'm just saying God is good, Bro, God is good.
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  Speaker 2: God is good. God is good. As the follow up
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  Speaker 2: is crazy. Respect all right, MG.
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  Speaker 6: Always always a pleasure, Bro.
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  Speaker 2: I appreciate you. I appreciate the love. That's always man.
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  Speaker 2: All right, what a little overtime.
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  Speaker 6: But that home conversation is we gotta talk about that
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  Speaker 6: on Black album, man, because that it's an emotional conversation,
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  Speaker 6: because it's ups and downs, it's it's good things, it's
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  Speaker 6: bad things. It's money spent, it's you know, it's triumphs,
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  Speaker 6: his failures. It's so many different things that that go
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  Speaker 6: into buying a home building a home. And like I said,
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  Speaker 6: most of the time when people build a home, they
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  Speaker 6: let's say a man, their wife is doing a lot
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  Speaker 6: of that, or they have an interior designer.