2.5 • 884 Ratings
🗓️ 1 February 2024
⏱️ 8 minutes
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| 0:00.0 | Let's transition to building houses. So say someone is listening to this and they want to build their first house. |
| 0:06.4 | Yeah. What are the steps to do that? |
| 0:09.4 | You got to find a business, so they got to understand a business model that's financially |
| 0:13.3 | lucrative so I always tell people don't don't go after the masses right because if you're |
| 0:17.9 | competing against like D.R. Horton Pulte, Lenar, K. B. Homes all the big |
| 0:21.2 | builders those guys are building in volume. |
| 0:23.5 | So their margins are smaller. |
| 0:24.9 | So if you try to go up in profit largely against those guys, you're not going to do so because |
| 0:30.0 | you have to compete with them. |
| 0:31.6 | And because they're building in scale you'll never get there |
| 0:34.9 | you'll work harder than what the time is worth you'll make more money to wholesaling homes right |
| 0:39.2 | okay where is if you go in and you do like ultra wealthy you might make a one time hit if you're lucky enough to sell it but there might be |
| 0:46.0 | the the amount of people buying is compressed so you have like maybe one to three percent of buyers out there. |
| 0:53.3 | Okay. |
| 0:53.7 | You know at any given time. |
| 0:54.8 | So you're just eliminated 98 percent or better of the home buyers. |
| 0:59.6 | That's hard. |
| 1:00.7 | So I always tell people, like the market that we focus in is in the upper demographics of the upper 24% of the middle class of home buyers. |
| 1:09.5 | They're the people that are constitute for 14% of the cash buys on homes and they have money. |
| 1:14.9 | There are people like our moms and dads or grandparents. |
| 1:17.1 | People that have lived in one or two homes, they've scaled up, they've paid off their mortgages |
| 1:22.3 | over 30 years, they've worked, their mortgages over 30 years they've worked they have |
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