Sevon Lewis

Motivator - Contributor - Father of 2 🫡 Need help with a construction project in the DFW area? I’m your guy.

[Sevon Lewis @SevonMLewis]

Sunday morning chronicles watching film with my son. He’s laughing at the Carolina Panthers interior offensive linemen’s lateral movement. It’s gonna be a great day! @dallascowboys #DallasCowboys

[Sevon Lewis @SevonMLewis]

@ChrisRamsey60 @catalystcollin

[Ann Vandersteel™️ @annvandersteel]

MASSIVE PROPERTY TAX FRAUD EXPOSED:
Texas property owners say Denton County inflated their property values, ignored required appraisal standards and collected excessive taxes.

But no court ever examined whether those allegations were true.

Instead, the case was dismissed because Texas law requires owners to use the Appraisal Review Board. The problem? That board can adjust individual assessments but allegedly cannot stop an unlawful countywide appraisal system.

In plain English: Texas directed taxpayers to a door that cannot provide the remedy they need, while closing the courthouse door that could.

That is the heart of the case now before the U.S. Supreme Court:

Can government declare an administrative process the “only remedy” when that process cannot stop the alleged wrongdoing?

Vexler v. Spencer
Texas Supreme Court No. 25-0615
U.S. Supreme Court No. 26-179

Case docket below⬇️

[Sevon Lewis @SevonMLewis]

There’s nothing embarrassing about a war veteran having an emotional support dog. That’s wild

[Sevon Lewis @SevonMLewis]

This is a weird thing to say. I see tons of war veterans with emotional support dogs. - My grandfather has one, he fought in word war 2. He’s 80 years old and still has severe PTSD, anxiety attacks from seeing horrific things. But I guess that’s embarrassing ? You have the day you deserve sir

[Shawn Gorham @shawngorham]

"Emotional Support Animal" letters are a scam!

Its like the medical marijuana cards of the early 2000's

I would be embarrassed to admit my animal was for emotional support.

[Chris Ramsey | SMB and R.E. @ChrisRamsey60]

You want to make the big money you have to be the guy.

More risk.

More work.

More pressure.

More responsibility.

If you want the upside, you have to carry the weight.

You gotta pay the cost to be the boss.

[Sevon Lewis @SevonMLewis]

Do with this what you decide is best for you and your future

[Sabre @SabreWright]

@colinushkowitz We double check everything before sending anything out but its usually pretty solid. Also uses mls data

https://t.co/eHKWp2WpIy

[Sabre @SabreWright]

@colinushkowitz We double check everything before sending anything out but its usually pretty solid. Also uses mls data

https://t.co/eHKWp2WpIy

[Sevon Lewis @SevonMLewis]

@mhp_guy I’m not trying to pick at you either. I genuinely would like to know so I can steer far away.

[Sevon Lewis @SevonMLewis]

@mhp_guy Hoping you aren’t sayin D.R Horton?

[Sevon Lewis @SevonMLewis]

Just submitted two DFW airport electrical bids. #DailyDeposit

[Sevon Lewis @SevonMLewis]

True

[HAWK @HawkEmDownChris]

True or False: LaDainian Tomlinson was a better running back than Adrian Peterson.

[Sevon Lewis @SevonMLewis]

Nearly impossible

[Alex Lathery @AlexLathery]

The biggest jobs almost always seem to come from referrals.

SEO is probably a close second for us, for some it's yard signs.

But referrals are just hard to beat.

Someone you trust basically tells you:
“These guys are good. Call them.”

It's very hard to manufacture that framing with other marketing

[Sevon Lewis @SevonMLewis]

It’s not rocket science. Let’s do some deals together here in the DFW area

[foley (follard) @follard]

On a $600,000 spec home build, the math behind the partnership between a builder and passive investor is much simpler than Wall Street makes it sound.

Here is how the capital stack and waterfall (profit splits) actually work on a ground up single family home build:

The Capital Stack
- Total project cost: $600k
- Construction loan: $420,000 (70%)
- Cash / Equity Required: $180,000 (30%)

Who Does What:
- Builder finds the lot, navigates zoning, signs the personal guaranty on the $420k bank loan, and manages trades on site every day
- Investor wires the $180k equity check and is not involved in the day to day operations

The Builder Fee:
- The builder earns a fee on hard construction costs during the build. Let's use 10% for this example. This covers project management, builder overhead, and site supervision over the 12 month construction schedule.

The Return Waterfall:
- When the completed build sells for $750,000, net proceeds after broker commissions, closing costs, and paying off the $420k construction loan leave roughly $300k in gross cash to distributed

The cash distributes in three steps:

1. Return of Capital: the investor gets their original $180,000 back first

2. Preferred Return: in this example, the investor earns an 8% return on their $180,000. Over a 12 month timeline from lot purchase to sale, that is $14,400 paid out before any developer profit.

3. The Profit Split: the remaining $105,600 of net profit gets split. For this example, let's say that this is a 50/50 split between the builder and the investor. That means that both the investor and the developer made $52,800 on the profit split.

Keep it simple. The investor makes $67,200 and the builder walks away with $52,800, not inclusive of the development fee.

Hope this helps!

[Sevon Lewis @SevonMLewis]

@Ryan_Zarzaur @nguyend408 How can I sign up? Any traction in the dfw area?!

[Sevon Lewis @SevonMLewis]

This is why I can’t sleep at night. This is what we’re working towards. This is next level.

[Will Schryver @Will_Schryver]

🚨 MASSIVE News: Private Equity giant KKR is acquiring A1 Garage Door Service for $2 billion

This follows Oak Hill’s acquisition of Guild Garage for $800 million in March which generated $300 million revenue and $50 million EBITDA, implying ~16x EBITDA

In 2022, Cortec acquired A1 Garage Door Service for ~22x EBITDA when it generated $30 million EBITDA

At a $2 billion exit today, A1 Garage Door Service should now exceed $80+ million EBITDA with a low to mid 20x multiple

Terms were not disclosed.

Source: Reuters.

M&A updates in the trades
👇🏼
https://t.co/nZKRKancXy

[Sevon Lewis @SevonMLewis]

@Ryan_Zarzaur @nguyend408 I’d say tell me more.

[Jeff Leach @leachfortexas]

Happy Opening Day of Dove Season, Texas! If it flies … it dies.

[Sevon Lewis @SevonMLewis]

Yikes.

[Receiver Drills @ReceiverDrills]

Commanders WR’s drilling 1-step jab releases 🥊

[Sevon Lewis @SevonMLewis]

Opening day!

That’s why it’s called huntin not killin. I’ll be back for my limit Saturday morning🫡