John | Real Estate Developer 🏘️
@johnxbuilds
Followers
3K
Following
8K
Media
238
Statuses
2K
homebuilder, remodeler, landlord & event producer | my random business thoughts #GetRichInASmallTown
Austin, TX
Joined July 2022
My latest house flip I completed. One of my favorite designs yet. Purchased for $180,000 Listed for $319,500 New roof, electrical, plumbing, showers, everything. Over $75k spent on upgrades. #realestate
81
25
605
RIP TO MARK One of the main guys that got me into real estate. He was always right even when i thought he was wrong and stuck in his ways. If you ever wanted full transparency on real estate, his youtube channel & ig are a goldmine. HUGE loss to the community. 🐐
23
4
163
I said this and I’ll say this again. Good labor is not cheap. Be willing to pay for the right people. Some of the best guys I use charge, but they always get it done.
1
2
14
Build cost $37k 😬 Crazy what a difference 17 years makes
This home is my 1st build ever I was 22 yo when I built it with my dad I closed to own it Feb 2008 Build cost $37k Value 90k Countrywide mortgage gave me the loan place was literally pandemonium pre GFC I was too young/dumb to realize why Any questions about that time?
1
1
5
Only in Texas can you get an almost sqft Colonial Masterpiece with a POOL for under $400k
2
0
7
At this point, I’ve paid out millions of dollars to vendors/contractors in my lifetime. One thing I’ve learned, if you find someone reliable that you can trust... Overpay, keep them close & never let them go.
2
4
24
Agreed, don’t do biz with anyone and I mean anyone without signing a contract
Your business partnership will more than likely fall apart for reasons you probably don't realize right now. Contracts are incredibly important.
0
1
4
One reason I don’t do business partnerships at this stage of my business life. I have a relative right now that is going through a messy contract battle in the courts that is worth a couple of mil. And it is a battle of wills and who has the deepest pockets.
Your business partnership will more than likely fall apart for reasons you probably don't realize right now. Contracts are incredibly important.
2
4
15
Your business partnership will more than likely fall apart for reasons you probably don't realize right now. Contracts are incredibly important.
1
1
12
Florida's most trusted luxury builder just got arrested. Not for cutting corners or using cheap materials. But for running a $15 MILLION Ponzi scheme with dream homes. How he kept it going for 4 years without delivering a single home:
65
388
2K
“Marry the house, date the rate” 💍 Sounds real good until you realize refinancing usually takes 20%+ equity. You buy with a 3% down thinking you’ll refi next year… but your “date” turns into a 10-year relationship.
1
0
3
I’m a big believer that the right people will always find you.
1
4
18
I don’t know who needs to hear this but - You always have enough time to confirm the wiring info.
0
0
6
Buy something. Hold on to it. The gig is up!
1
0
7
If you see a deal like this from a wholesaler it’s either: A) Great deal B) Bait 🎣 I see people get baited into these 1950’s flips all the time. The wholesaler makes $20k on the sale and you just MIGHT make $20k months later after you spend $100k on the rehab.
8
1
39
This is what I mean when I say there are good deals available in this market, you just have to put in the work. $120,000 house in Austin, Texas.
7
2
27
One thing they won’t tell you about flipping/building houses… If you ever get in the position where your property is breaking even, or worse, losing. The grind can become very daunting.
13
3
110