Taylor Eldredge

Principal: Kova Properties
Owner: Outpost Construction Group
MTB | Running | Golf

[Taylor Eldredge @TaylorEldredge]

Two years ago, I got laid off from a tech startup.

Instead of finding another job, I bet on myself.

Paid a random guy on X (@TheRealEstateG6) $7.5K to teach me multifamily real estate.

That decision changed my life.

Just sold my first deal that I bought 15 months ago:
- Purchase: $655K
- CapEx: $175K
- Sold: $1.2M

Now I have a partner, and we’re closing on a 76-unit that’s only 20% occupied. We’re investing $1.5M in CapEx to bring rents to market and stabilize the property.

Crazy what happens when you go all in, stay consistent, and bet on yourself.

[Taylor Eldredge @TaylorEldredge]

@TXpaintbrush My friend owns a food processing plant that makes BBQ sauce for a lot of the top 50 spots so I'll see what I can do

[Taylor Eldredge @TaylorEldredge]

@DallasAptGP Any plans to try it in the unit interiors too?

[Taylor Eldredge @TaylorEldredge]

@TXpaintbrush The door photo first cracked me up. That’s what we’ve done. We’re considering using CompanyCam on the next one to improve this process and use their AI notes

[Taylor Eldredge @TaylorEldredge]

@siliconeroofguy @TheRealEstateG6 It's the only way! Thanks man

[Taylor Eldredge @TaylorEldredge]

Two years ago, I got laid off from a tech startup.

Instead of finding another job, I bet on myself.

Paid a random guy on X (@TheRealEstateG6) $7.5K to teach me multifamily real estate.

That decision changed my life.

Just sold my first deal that I bought 15 months ago:
- Purchase: $655K
- CapEx: $175K
- Sold: $1.2M

Now I have a partner, and we’re closing on a 76-unit that’s only 20% occupied. We’re investing $1.5M in CapEx to bring rents to market and stabilize the property.

Crazy what happens when you go all in, stay consistent, and bet on yourself.

[Taylor Eldredge @TaylorEldredge]

@benfreeburg Typically get quotes from a GC or subs. You can have a GC do it all or hire your own painting crew, flooring crew, granite crew, etc.

My /unit costs have been ~$14-18k.

[Taylor Eldredge @TaylorEldredge]

We’re focused on secondary markets.

The key to dominating them? Scalable construction.

We drop containers, our crews bring everything they need in trailers, and they live in vacant units during the heavy lift.

speed + mobility = our competitive advantage

[Taylor Eldredge @TaylorEldredge]

@TXpaintbrush 🤯🤯🤯

[Taylor Eldredge @TaylorEldredge]

@TXpaintbrush Upgrading to a 500 definitely helped

[Taylor Eldredge @TaylorEldredge]

@TXpaintbrush Crazy matchup! I can’t wait.

What a weekend. Taking notes on this for next year

[Taylor Eldredge @TaylorEldredge]

@TheRealEstateG6 the reverse is also true. On my current deal we've reduced expense by >50%. They will increase as we stabilize, but you can really take advantage of bad operators

[Taylor Eldredge @TaylorEldredge]

@Camp4 I experienced this feeling while mountain biking in a small mountain town a few years ago. I’m hooked and taking risks now to build wealth so that I can mountain bike whenever I want later in life

[Taylor Eldredge @TaylorEldredge]

@TXpaintbrush I’d like to check it out

[Taylor Eldredge @TaylorEldredge]

@N8RealEstate Appreciate the shout it!

It's crazy how similar our story is. Don't sell yourself short. This is big time, and it will compound itself over the next 5 years. Betting on yourself and taking action is the key

[Nate 🏠 @N8RealEstate]

Post inspired by @TaylorEldredge

[Taylor Eldredge @TaylorEldredge]

@LeylaKuni lol I was just pitched this deal

[Taylor Eldredge @TaylorEldredge]

@TheRealEstateG6 It’s wild how many bad operators are in the multifamily space. The bar is pretty low

[Taylor Eldredge @TaylorEldredge]

@baldoholdings we considered that. We’re projecting a 2.8x return to LPs in under three years, so the current plan is to sell and roll that capital into larger deals

[Taylor Eldredge @TaylorEldredge]

Closed on 76-units yesterday.

Years of work led to this one.

Now the real fun begins. Our team is in place to renovate ~57 units in the first 90 days.

Time to get to work

[Taylor Eldredge @TaylorEldredge]

@baldoholdings @TheRealEstateG6 Appreciate it!

I agree - you have to be willing to bet on yourself, but also be able to take a step back if it gets you where you’re trying to go

[Taylor Eldredge @TaylorEldredge]

@FrankTown @TheRealEstateG6 Thanks - appreciate it!