@texasrunnerDFW Stagnant market that will need a catalyst to grow prices. Sometimes you lose on a home. 🏠
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Tommy’s
898 posts
Tommy’s
@1tommyblake
Succeed in Real Estate with Tommy- I’m a coach, builder, developer and remodeler in Texas. How can I help you?
Dallas Fort Worth, TX Katılım Nisan 2009
928 Takip Edilen850 Takipçiler
@trailblzrmktg @texasrunnerDFW You missed 30A by 20+years my friend. We bought in 97 and it stayed affordable for some time. Then prices skyrocketed.
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@texasrunnerDFW How about 30A? I feel like I missed the boat when prices were lowish and loans were 2%
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@SimpleCRE A guy spent a fortune building a car wash near Buc-ee’s in Terrell, Texas. Buc-ee’s added one about a year after opening. Oof! Game over!!!
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Our market went from maybe 3 premium car washes ten years ago to probably 40 now.
What is happening?
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@SimpleCRE HEB grocery store just built a $10 Drive thru. Dropped my membership at fancy car wash. Game Over!!!!!
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@fortworthchris True. Bought 5 infill lots in a small Texas city. Walking into the P&Z meeting a board member tells me she’s voting NO due to drainage issues. The tap dancing began… I got approval. 😉
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The skills to buy existing real estate are completely different from those needed to develop real estate.
Go watch a contentious city council meeting and it becomes clear the best developers are like sudo politicians.
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Who is the most powerful living Texan?
A politician, a businessman?
Someone well known or operating behind the scenes?
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Tommy’s retweetledi
Honestly was not expecting Eric Church to give one of the best commencement speeches of all time.
Chief CRUSHED this 🫡
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@texasrunnerDFW The exurbs are getting crushed. “Back into the office” is killing these areas.
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@dig_deeper1 I got bids on a new construction 5 ton up to 13,500 including ductwork from several vendors and went with an AC guy (one guy in a truck) for $8500 with carrier equipment. Cash back in my pocket! Total BS market! PE guys will learn- we ain’t stupid!
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Why do HVAC companies charge a builder $5,500 to install one AC conditioner unit of 5 tons but when a home owner calls the same company to install the same AC unit the company charges $10,000 to the home owner?
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Picture of health guy who bought a pest control company. Got involved in all aspects of operations including spraying. 5 years later dead. Some sort of brain cancer. Cause and effect? Who knows? No way am I getting near a pest control company. This guy was white collar guy before… now gone.
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I cannot believe the numbers pest control trades at... just listened to the Aptive Founder - if you have young and looking for a service business... pest control is prob the best option
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@shawngorham Buy, remodel and rent out as many as you can. Wait for the hockey stick in pricing to come. Get paid. 1031 the cash. Buy newer and fresher. Repeat. Go on vacation.
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I am convinced I would have made A LOT more money in home remodeling than flipping houses for the same exact work
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@shawngorham Ha. You’re describing my friend in Connecticut. Everything is cost plus 25%. No budgets, pick and choose, loose timelines. Play’s golf during the warm months. It’s truly a beautiful thing.
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Sometime I fantasize about living in a stupid expensive, but very picturesque town and being a high end General Contractor
Work within a 10 mile radius, know and be known by everybody.
In every direction on every drive you think, I cant believe I live and work here.
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@shawngorham Careful. No moat businesses like HVAC, plumbing etc. will continue to gain new upstart players who undercut the prices. I recently saved 7k on new HVAC installation. “Excessive profits breed ruinous competition.”
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I absolutely underestimate the revenue possible in ALL home services, wow.
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@shawngorham I saved 25% on a lumber package thru the pricing desk at HD on two SFH. Game changer!
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Roofers - get this...
I priced out a roofing material job at Home Depot - GAF, HDR reflective shingle. I have NEVER done this before at Depot... I always buy from the roofing supply houses
Home Depot $6,811.18
QXO $7,387.87
$500 difference, same exact order
Now Home Depot doesnt roof load so it will be interesting who use they to 3rd party deliver, fulfill the order. It might even be QXO
I was shocked Home Depot was cheaper
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@eurofounder This is not an airport- you don’t need to announce your departure. 📣
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My wife collapsed in our hotel room in New York today
“Call an ambulance, I can’t breathe” she was screaming
My heart dropped
If she ends up in an American hospital we are financially ruined
I went on the Lufthansa app to book a flight back to Frankfurt, but unfortunately pilots are on strike today
“Please I’m begging you” she was lying on the floor
I sighed and called 911
She is now in surgery as apparently her appendix “almost burst”
I am extremely scared
This is going to cost us at least $100,000
She could have received much better care, for free, in Germany
I will never visit this barbaric country ever again
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@Keith_Wasserman Down in Texas- building new SFH on infill, BRRRR small SF, evaluating a 36 unit ground up multi-family.
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What kind of RE deals are you all currently working on? Be specific!
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The key to all of this is knowing which market to target before you spend a dollar on stamps.
Comment 'MARKET' and I'll send you my free AI Market Finder tool.
It analyzes rent-to-price ratios, population trends, and cash flow potential across hundreds of markets so you're not guessing. It's free.
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Here's EXACTLY how to use direct mail to find off-market deals before other investors even know they exist.
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@texasrunnerDFW @DonMiami3 The market is flying high in the hot areas of Dallas. Everything selling at 98% of ask or better. Look at zip codes near Coit and Campbell and down in Lake Highlands. 💪
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@DonMiami3 The markets are all shock value and noise
The signal is real life. At least in Dallas, it’s tons of homes sitting unsold on the market, a quiet but steady increase in white collar layoffs, and people slowly pulling back on travel and spending
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Weeekend CFD WTI back above $90/bbl on reports of 3 commercial ship attacks since Saturday am (local time)
($10+ move thus far)
Prepare for more violent and outrageous tacos.
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