foley (follard)
@follard
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foley schmidt | mindful real estate partners | dartmouth | ex: @lazard @famousdaves @pennyscoffee @fbacap
msp | aus
Joined September 2009
Please allow me to reintroduce myself: Recent followers, here's a little bit about me: - Grew up in MN, live in Austin - Played football @dartmouth - Started my career in IB @Lazard - 4 years as Chief of Staff @famousdaves - Built a cafe chain with @deanbphillips - Partner at
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This is the third floor of the modular row home model that Bobby Fijan and the American Housing Corporation built in the parking lot outside of their HQ. The entire floor is occupied by the master suite, which features a sizable bathroom and plenty of closet space! While many
Bobby Fijan's company (American Housing Corporation) is a vertically integrated real estate development (and manufacturing) company that I am certain will develop hundreds of thousands modular starter homes in urban infill environments all over the country. The second floor is
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Bobby Fijan's company (American Housing Corporation) is a vertically integrated real estate development (and manufacturing) company that I am certain will develop hundreds of thousands modular starter homes in urban infill environments all over the country. The second floor is
Had the opportunity to visit Bobby Fijan at the American Housing Corporation HQ in Austin, TX last week. He built a modular modern rowhouse model in the parking lot of the manufacturing facility. At scale, the work Bobby is doing will lower the cost of urban infill and provide
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Adding a tour of the first floor and will be posting videos of the second and third floor tours over the next few days!
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Had the opportunity to visit Bobby Fijan at the American Housing Corporation HQ in Austin, TX last week. He built a modular modern rowhouse model in the parking lot of the manufacturing facility. At scale, the work Bobby is doing will lower the cost of urban infill and provide
Our company was founded a little more than a year ago ... but we've already built our first rowhouse My company is The American Housing Corporation. We're a real estate development (and manufacturing) company building rowhouses designed for families: the American Starter Home
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The end of the breastaurant industry is near. First Hooters, now Twin Peaks. Here's my five step plan to save the brand as their new CEO (which I'm not but they can call me). First, we are going to execute a clean break from FAT Brands by the way of a Section 363 sale. We need
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RETwit Developers: if you comment on someone's post (especially a potential investor), asking them to look at a deal, here is my advice to you: Be specific and provide as much detail as possible. Simply saying, "I have a deal for you to look at in "x" city) simply isn't
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What does Mindful Real Estate Partners do? We invest in small single family and multifamily (duplex to quadplex) developers who aspire to scale the number of projects they take on each year and who are only constrained by capital. We strive to be the Home Depot of financial
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After doing more than 30 sub-institutional projects over the last two years (both completed and in process), this is confirmed true. However, there are thousands of GREAT (and small), single family and small multifamily developers, including folks on this app. Simply put, these
Sub-institutional real estate is like panning for gold in a sewer of fraud and incompetence. Suspect everyone and everything.
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It snowed in Austin, Texas and I haven't seen a single person out this morning. The things we do to accomplish our goals. The 20k step streak will live on today!
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Reason number 4,296,879 that we will continue to invest and back Donovan as he continues to build infill attainable housing in California, Texas, and Minnesota.
For infill development, each neighborhood has a ceiling on sale prices This was Houston’s first triplex under their missing middle ordinance Even if I doubled the size, I probably couldn’t break $250k/unit Why? Because someone who can afford to exceed this number is going to
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What being in the development and construction business feels like sometimes. (I still love it though).
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On site in Phoenix today where we are doing heavy remodels on side by side homes (adding pools, a 2 car garage and ADU in addition to increasing main home square footage). Lynwood II Main Home: 2,427 sq. ft., 3 bed, 3.5 bath ADU: 767 sq. ft., 2 bed, 2 bath Listing: $1.85 million
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Generating returns is always difficult but it all started with building a network of first class builders who we will continue to back up the Brinks truck for. Our cash on cash returns thus far: Houston I: 35.1% Houston II: 35.1% Houston III: 46.8% Newark I (OH): 15.0% Tulsa I:
I've been a big fan of that @mhowitt, @follard and @HardMoneyNick are building at Mindful Real Estate (full discl: invested in a deal where I am the managing member!) for two reasons: First, they've found a bunch of great, well-executed and high-return deals, Second, investors
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Yesterday, we exited our first fund deal: a 1,250 square foot, 3 bedroom, 2 bathroom single family home in West, TX. Exit: $258k Project time: 289 days 31% cash on cash on our equity. You can build attainable housing and make money (doing this 1000 times). Let's build! 🛠️
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The people around you are legends in the making, you just don't know it yet. It's the fall of 2009 and I am pledging Beta at Dartmouth College during my sophomore football season. I'm introduced to the other pledges, one of which is Kyle Hendricks. Kyle ended up playing 12
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A reminder to myself: schedule meetings with developers/contractors in the afternoon. Their mornings are filled with job site visits, bid visits, and putting out fires. One in every four meetings I schedule with a developer contractor before 10 am is a no show. Let's build! 🛠️
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There are two types of people: People who have healthy sleep schedules. People who stay up until 2 AM looking at mansions on Zillow and judging kitchen backsplash choices like they are Gordon Ramsay. I am firmly in a part of the latter.
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Here's the speed tour update of our flip in Austin where we converted a 400 square foot garage into livable space. House will be completed and listed in the next 2 weeks! Likely to list at $799,999 Let's build! 🛠️
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In the past 12 months, I've reviewed hundreds of draw requests. A few lessons: - Great operators over document progress - Weak ones make excuses for lack of photos - Draws submitted Friday at 4 PM are never the most thorough - Sloppy accounting is for the birds The draw
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Seller agent contacted us late last week to let us know that this deal is back on and we could be under contract as early as this week. The deal fell through because of family / sign off / title issues, which are now resolved. The first deal of 2026 will be an absolute banger!
Recently had a deal fall through because of title issues. We were planning on building a fourplex and duplex in a major TX metro. Here's the math: Land: $150k Site Improvement: $10k Soft Costs: $40k Construction Costs: $620k Carrying / Other Costs: $75k Sale Costs (7%): $78k
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