Left my 9-5 to build businesses. Built & sold 2 retail stores. Now flipping houses, investing in real estate, & running home service companies. Let’s connect!
@N8RealEstate Our story is very similar! Worked my way to my dream job in engineering/management before deciding to take a leap of faith and dive into RE investing. Friends and family told me I was crazy, with a newborn at home. Needless to say, we are on year 4. God is good!
@RealMrBean99@JaredDHardin Very smart. I do this with my land clearing and stump grinding businesses. Only downside for me currently is both of my main guys work the same shift at different departments. Need an operator on the opposite shift!
@GroundsCrew_CT If only there was a way to discharge all shavings behind the machine… above 40” and I spend 3x the time due to having to reposition or clean away shavings.
@JaredDHardin@RealMrBean99 In my opinion, from my 5 minutes worth of page snooping, it’s better to in house labor until sales pipeline is full. Then try a sub here or there on a smaller job to see how it goes. With my businesses, I rely heavily on subs, although, starting to hire more full time guys now!
Thought I bought a simple cosmetic BRRRR… until I pulled the floors up. 😅
Full gut + rebuild.
The upside? With all-new systems (roof, framing, MEPs, windows, insulation, appliances), I average <0.2% CapEx + 5-year warranties… AND I’ll still cash-out refi + hit my target cash flow.
Pics below.
@Chad__Belcher Hey @Chad__Belcher , are you using any project management software on your builds? I’ve been exploring different options to help me stay organized and on schedule.
You can only pick one:
A - A business making $10K/month but needs 40 hrs/week
B - A business making $4K/month completely passive
C - $750K in cash and no business
What’s your move?
@StumpGuyTy The thought process was to get a 36” mini skid to fit through gates, although, the bucket capacity is minimal. Being a shorter machine, it doesn’t do well with grading. I’m thinking the L28 mini wheel loader (or similar) would be a better option.