"Speaker Name","Start Time","End Time","Transcript" "Unknown","00:00:00:00","00:00:03:16","Let's
talk about modular. Let's talk about using modular for multifamily."
"Unknown","00:00:11:17","00:00:34:04","What is added on YouTube is Matt Faircloth. This
is our Mentorship Monday program. And I am Matt from the Duracell Group, which is a real
estate company that's they cater to transforming lives through real estate You guys should
check us out online at DeRosa or OSA DeRosa group dot com. And you can hear more about
all the cool stuff that we're up to, including awesome passive investing stuff and picking
up a copy of my book, Raising Private Capital." "Unknown","00:00:34:04","00:00:52:13","We're
going to an interesting conversation today, guys. Let me get a name here. All I got is
an email address. So read off your email address, you know, but I'll I'll just say to my friend
in New Jersey, a fellow recovering New Jersey resident, as I am talking about modular, let's
talk about modular. Let's talk about using modular for multifamily."
"Unknown","00:00:52:13","00:01:22:10","So those are they're like, what's modular? Think
like Lego bricks, right? These you have kids or those you guys were a kid. Play with Lego
bricks. Modular. Modular technology is a way to build a house in a factory. And it shows
up on the back of these 18 wheeler trucks, big flatbed trucks. They just put them together
like Lego bricks like they take these big cells that are made in a factory and it's
all the framing or the electrical or the plumbing and they take it and they put it together
and the plumbing connects and they're well-built well engineered boxes."
"Unknown","00:01:22:10","00:01:40:09","They're not the old Sears and Roebuck houses from
back in the day that that we're made to last a couple of years. I've been in modular homes.
You can't tell a modular home you look at it like this is a modular. Yeah, it is, because
they've really upgraded the technology and it's a really great way to build. It gets
built in a safe, controlled environment." "Unknown","00:01:40:14","00:01:57:14","If
you build something out in the field, you can't control whether it's going to slow reed
or breaking or wind or whatever that's going to damage which you got, and then it's going
to get brought out to the site and then assembled there. That is what modular technology is.
There are many, many homes that are built by our major tech modular technology."
"Unknown","00:01:57:18","00:02:16:04","If you want to consider modular, you need to
look for a local factory. This is tip number one to my friend that answer this question.
They asked this question for those guys. Want to learn more about modular doing real modular
stuff in their real portfolio? You could do fix and Flip said modular. I've seen that
done by buying a parcel and build a modular house and then sell it."
"Unknown","00:02:16:23","00:02:34:23","Cost for modular construction is still around the
same as the framing somewhere in the say 120 or so per square foot all the way up to 200
per square foot or more to build a home plus the cost of land the engineering. And that
added it all on top. Right. So don't quote me on that. Get a quote from your modular
builder on that." "Unknown","00:02:34:23","00:02:55:20","But
those are some of the prices I've heard depending on finishes and the part of the world that
you're in. Right. The thing is that your modular factory, I mean, the place where they're building
those boxes needs to be close to your job site. Think about this. They are taking this
enormous piece of real estate and driving it on the back of an open truck through wind
and elements and things like that." "Unknown","00:02:56:00","00:03:11:21","And
they don't want to run the risk of taking this thing that could go like that. One box
could cost 50,000 $100,000. Well, so they might not they don't want to run the risk
of driving that thing across the country. So you're going to have to find a modular
factory that serves a certain region. So my friend here is in New Jersey."
"Unknown","00:03:11:21","00:03:33:24","Most of the modular factories that serve New Jersey
are in the Poconos. And so that's where you want to look is in the Poconos for a modular
factory. You want to call the factory direct. They're going to tell you who the dealer is
in your local area. This is how it works in New Jersey and Pennsylvania. Other states
are probably you're on the same no modular factory is going to want to take a major risk
on shipping product across, you know, say let's say more than like 500 miles."
"Unknown","00:03:34:01","00:03:51:23","Just for a rule of thumb. You got to talk to them
before asking what their shipping ranges that's where you want to say it. What is your shipping
range when you talk to them and they'll tell you where it is. And then two options with
regards to how to get the boxes, how to buy them a dealer. You can buy them from someone
who's a licensed homebuilder in your area, not homebuilders."
"Unknown","00:03:51:23","00:04:04:16","The one that will give you a price is be able
to help you design it, and they'll likely be the one they'll come up with the set crew,
meaning the crane and the jazz that needs to come at the site and put it together. And
then there's stuff that needs to happen in a modular construction project. It's not ready
to move in." "Unknown","00:04:04:17","00:04:18:23","When
the boxes show up. There's further finish work that needs to happen. We wouldn't have
to get into you right now. So the dealer is the one that can do all that for you, turnkey.
Now, of course, they going a markup, right? They're going to charge a fee, whatever. Well,
we looked into doing which we ended up not doing."
"Unknown","00:04:18:23","00:04:46:04","But the reason I know about this is because we
looked into doing this. Our company, the DeRosa Group, is becoming a dealer ourselves so you
can get a home. Builders license from your local state, not a home, not a home improvement
contractors license, but a home builders license, get the right insurance, go through the application
process. And if you get a home, builders license and the factory likes you and wants to work
with you, they can give you they can give you the license to buy the product from them
at the factories cost." "Unknown","00:04:46:06","00:05:01:19","That's
a pretty good deal. And it probably not going to be worth the hurdles unless you want to
do a lot of projects or build to build something really big. Right. So that's another angle
of attack. Again, forgive me, I just think like an entrepreneur. So those you guys are
the quick entrepreneurs. That's the angle of attack. You want to take those you guys
that want to think like a one off." "Unknown","00:05:01:19","00:05:23:06","That's
okay to find yourself a a builder or a dealer for that factory. And find the factories that
are in the local trading area that it's certainly possible to build multifamily with modular.
A lot of things come up. Modular construction is I've always seen it is made out of wood
stick frame. You can build apartment buildings out of aluminum framing and stuff like that
and other types of framing product." "Unknown","00:05:23:07","00:05:43:02","The
reason why I'm bringing this up is, is you can only go bits so tall out of things that
are made out of wood. Typically it's it's four storeys or so. Is, is, is, is the code
in most areas, maybe five storeys under different regulations, you can build a podium like a
book, one metal podium and then go up with wood above that, which you can do with module."
"Unknown","00:05:43:07","00:05:56:04","These are all different options. But if you want
to build like a highrise apartment building, you're not going to build that. With modular
construction. You can build what they call a garden low rise, which is typically two
stories, two and a half storeys, maybe four. But I probably wouldn't do that. Those are
things you can look into you." "Unknown","00:05:56:04","00:06:16:00","But
the the dealer and the factory or who you want to talk to, they can tell you where they've
built already. They'll maybe refer you to some architects that can design something
that would work well with modular technologies. Certain things will work, certain things will
not. Modular technology has certain limitations. You should talk to the factory, talk to an
architect about those things, such as the width of that box."
"Unknown","00:06:16:00","00:06:31:10","Think about it. If you've got a box driving down
the road, right, the box is going to be so wide, the box can't be 100 feet wide. It's
got to be this wide because this kind of fit inside the lane on the highway, right? So
there is a certain limitation for what you can build based on how wide that box is not."
"Unknown","00:06:31:10","00:06:51:09","It can marry up into the box next to it. But
just the, the there is a limitation and that will come into your project based on the size
and width and length of the boxes of them driving them down the highway. Right. That's
a that's a intro introduction segway to give you guys enough to at least if there's other
stuff on modular technology on our on our YouTube channel that you guys can check out."
"Unknown","00:06:51:09","00:07:13:17","And certainly on Google, there's a ton out there.
But I think your first move is to find a local factory in your local trading area and talk
to them and see where you can go from there. So here you go, guys module. It's a very interesting
technology that you're going to see more and more of it as things change, as homebuilding
becomes more more of a thing and then building more homes because America needs more houses
and more places for people to live." "Unknown","00:07:13:17","00:07:32:00","So
I think modular is probably one of the answers to that as I hope it becomes more prevalent,
more prominent. You can also go very green and energy efficient where something I'm very
personally passionate about. You can do that with modular technology very easily too. So
that's what I guess feel free to leave comments or thoughts or even listen if you're a modular
dealer and you want to promote yourself." "Unknown","00:07:32:07","00:07:42:13","Put
a put a weblink down below. I'll let you do that. Go ahead and put a web. You can hear
about you in this video comment section. That's what I got. Guys, thanks for watching. Thanks
for the question. I've given probably."