Dirk the real estate guy how's it going baby it's going good man excited have you on the podcast brother thanks for having me appreciate it one of our all-star students so it's always great to talk to you guys so

I know you're doing a lot right now right I know you're building houses you're

building condos you're building townhouses I think you have like a hundred and

22 properties you're building is that right?

Yeah, we've got units. We just finished 84 so you know that project just finished and then we've got we typically

From a construction side right now. We've got a 24 unit. We typically have like 10 to 15 homes we're building at a time kind of rotating

Yeah, and then yeah we just finished that 84 unit which was a my first major project super happy to get that teed up and done. We got people moving in so it's been a great experience.

Okay. And yeah. Yeah, so I want to break down for people how to build houses because I actually spoke to another gentleman and he pretty much

says like every time he builds a house he nets about 150 to $200,000 net profit so he like builds and sells are you building and selling are you

building and holding like what's your strategy?

Yeah two buckets we have the

build and sell side we're not doing as good as he is we had a couple like that back

you know when things were crazy when everything was going gangbusters yeah we hit

150 175 yeah but a majority of the time right now, the last one I sold, we actually took a little bit of a bath on interest rates, or last two we took a little bit of a bath on interest rates are just, they impacted us a bit, we had some cost overruns,s just a couple things that I think are really natural but we usually see like a I would call it more like a 60 to 100,000 80 to 100,000 dollar profit right on the projects. Yeah they're pretty good but that game's changing a bit with with the

construction costs and the timelines are longer right so if you look at a flip you might be able to get in

and out in three months.

With a build, we're talking permanent to take some time,

and we're usually talking like six to 12 months, right?

So you're doubling your timelines there,

but you are growing your profits.

Yeah, yeah.

As far as the process goes, you know, I'll say two things on that.

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