John | Real Estate Developer 🏘️ (@johnxbuilds) 's Twitter Profile
John | Real Estate Developer 🏘️

@johnxbuilds

homebuilder, remodeler, landlord & event producer | my random business thoughts #GetRichInASmallTown

ID: 1543991309358301184

linkhttps://linktr.ee/johnxbuilds calendar_today04-07-2022 16:13:18

1,1K Tweet

3,3K Followers

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John | Real Estate Developer 🏘️ (@johnxbuilds) 's Twitter Profile Photo

I don’t think people realize what is happening in Texas. The result of California & NYC is mainly due mass amounts of population increase. It will happen to most major cities in Texas.

John | Real Estate Developer 🏘️ (@johnxbuilds) 's Twitter Profile Photo

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.

John | Real Estate Developer 🏘️ (@johnxbuilds) 's Twitter Profile Photo

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.

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.
John | Real Estate Developer 🏘️ (@johnxbuilds) 's Twitter Profile Photo

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.

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.
Jason Forrest (@thejasonforrest) 's Twitter Profile Photo

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:

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:
John | Real Estate Developer 🏘️ (@johnxbuilds) 's Twitter Profile Photo

“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.

Bam 🏡 (@405homebuyer) 's Twitter Profile Photo

When I started in real estate, I had no clue what I was doing. No mentor. No capital. Just a phone and the willingness to look stupid for a while. And that’s exactly what most people can’t handle, looking dumb in the beginning. Everyone wants their first deal to be perfect.

John | Real Estate Developer 🏘️ (@johnxbuilds) 's Twitter Profile Photo

Your business partnership will more than likely fall apart for reasons you probably don't realize right now. Contracts are incredibly important.

De Perkins Sr. (@justafamilyman_) 's Twitter Profile Photo

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.

John | Real Estate Developer 🏘️ (@johnxbuilds) 's Twitter Profile Photo

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.