The Biggest Mistakes People Make When Building a Home

**SPEAKER_1** (0:01)
Oh, before you leave, should you buy a home and renovate it, or should you build from ground up? You're a Rashad panel right now.

**Troy** (0:08)
Well, we all got a similar experience because we all built a home.

**SPEAKER_3** (0:12)
Yeah, so I personally would say, if you want to make the maximum margin on a deal, build. That's going to give you the maximum return, but you need to have the right team.
That's strictly for live men, not for freshmen. And if you've never done it before, stick to rehabs as quicker, as easier. You can learn a lot. You can still make good money, but I don't think you can go wrong with either or. What's your thoughts on that, Troy and Rashad?

**Troy** (0:42)
I think the most important thing you said was have the right team, because without them is going to be even more delays. There's going to be cash grabs. It is cash intensive building. I think the other thing you need to do is study the municipality that you're building that house in, to know obviously from a legal standpoint, but from a permit standpoint about how you get these permits, and what can be allowed, and what is permitted, what is zoned. That is important. Team permit and having cash, man.
That's one thing that they won't tell you that you need to know. This is cash intensive and it can be stressful, but having a strong team and having multiple teams sometimes can help.

**SPEAKER_3** (1:25)
Rashad, what's your thoughts?

**Rashad** (1:27)
Don't do it.

**SPEAKER_1** (1:31)
You know, I ain't mad at you to talk like this.

**Rashad** (1:33)
No, no, no.

**SPEAKER_1** (1:35)
Don't do it. Please don't do it.
So Rashad, you would buy something and renovate it, giving you experience. Beautiful staircase, by the way.

**Rashad** (1:46)
Shout out. The staircase is moving.

**SPEAKER_1** (1:49)
I have to text you like, oh.

**Rashad** (1:53)
Thank you. I appreciate that. The good thing, I designed the house. I did design the house.
It's one of these things. The good thing about building a home is that you get to build it. You get to design it. I'm into interior design. So most men are not into interior design. I'm into interior design, so I enjoyed that part of the process. But the amount of money is unbelievable. And the stress and the delays and the hiccups and arguing with contractors and man.

**Troy** (2:35)
It's not for the faint of heart.

**Rashad** (2:36)
It's something that I think, and I had a bad situation, so people obviously probably had better situations than me, but it's unbelievable. It's actually unbelievable, the amount of stress and the amount of money that I personally have spent over the last four years. So was it cool to design my house? Yes, because I always liked Sims growing up. So it is cool to just say, okay, I want this, I want that, I want this, I want that, I want that. Go to China. That's all been cool. But if I had to do it over, I would most likely not do this.
I would most likely not do this. Never again. Never again.

**SPEAKER_3** (3:16)
Never again.

**Troy** (3:18)
That's what I said. So even we've had these conversations just personally, right? I'm like, the process is tedious and the glory is on the other side of it. When yes, you have created something. My situation is obviously different, but I mean, we're pretty much neighbors. Building that with somebody, waking up in it and realizing like, yo, you really did this, this is something that you really did. You accomplished it. It's something that you can be proud of. It's something that your kids can be proud of. But it's also something that your community can be proud of. Right. Because we've kind of did this anywhere in the world. Like the fact that we did it, you know, in a place that is familiar to us and that people that are from our community can look at and say, these guys still are here giving back to the community, but are actually in the community that are accessible to us. I think that part of it is like, all right, bro, I get it.
It's terrible, right? And I've had to watch him go through it. He's watched me go through it as well. But like that first night you sleep in there, it's like, yo, damn, I did this.

**Rashad** (4:21)
I'll say this too.
Nobody talks about, a lot of people don't make it past this. Like even area that we live in, a lot of people built their homes. One guy got divorced because he got, because one lady, one bro couldn't finish the project. I actually developed sleep apnea, I mean insomnia, sleep insomnia for two years. One guy developed a heart condition. No, no, no, no, no, no. That was pre-existent.