Build a House with No Contractor License

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Check this out if you want to build without a contractors license…

First, you can do an owner build - you’re building a property you personally own.

Secondly, you can “borrow” a license - make sure not to miss the recommendation in the video or you can end up in trouble…

Lastly, and this is what we teach our students, hire contractors on a “cost+” model - pay them for the costs plus an extra % on top.

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Jerome Maldonado is a 25+ year veteran in the real estate investing industry. Most recently, Jerome entered into business with Tai Lopez and Alex Mehr to purchase distressed retail brands such as Pier 1 Imports and Dressbarn, which they will be re-launching as ecommerce brands. Jerome’s real estate expertise and connections will provide these brands with the commercial warehouse properties necessary to facilitate their business. Jerome also owns multiple 7-figure businesses including a construction company and a realty company, founded in 1998 and 2000.

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---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Jerome Maldonado are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Jerome Maldonado and Jerome Maldonado brands harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by Jerome Maldonado as a perspective based upon experience.
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I’m doing this right now in AZ. Owner/ Builder baby!!!

cbmjm
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I have worked in new home sales for 9 years and considering starting my own new home building company. My dad was a framer and my brother worked for a granite company for several years. Unfortunately they both passed away recently so I don’t have them to get advice from. It’s almost like everyone is trying to talk me out of doing it but honestly, that just makes me want to do it more 😂 I know my dad and my brother would tell me to go after it. I can’t wait to sit down and watch the rest of your videos and make some notes!! Maybe they’ll be one about how to finance a SPEC home with using the cost plus model in one of your other videos but if not I hope you post one soon!! Any guidance is much appreciated!!

MelindaHarley
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Thank you Gerome🙏 I’m actually located in Albuquerque as well!

adamsisneros
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Thank you Sir for the words of wisdom and advice! Much appreciated!

CadeVanAuken
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great video Gerome, thank you for sharing your knowledge and experience.

r.
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thx for the info i want built a house in prescott az no license but i have the skills to do 40% of the work

TheMemo
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Super dope info so far the best and clear.. What building loan options would we be looking at as a LLC owner build?

Mypromisethetruth
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Appreciate all the great content. What would you do with a 75x150 sq ft lot? I'm to start building

darrendixie
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I’m having trouble finding a bank that will finance owner builder. What do you suggest?

BrandyBishop-td
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Can you give some contractor references for an Arizona build?

goldenrule
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Would you recommend using a fixed cost contractor? What are the Pros vs Cons of using a fixed cost vs cost plus general contractor

samogundele
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Gerome, why are you giving this information for free... this is insane...

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