Blake / MultiFamily Steel

At 22, I went from grinding in the oil fields to building a small residential fence company that turned into a multimillion dollar steel / construction company. I moved to Austin at 22 with $2,000 in cash, zero connections (other than my partner who convinced me to start a company with him), and no backup plan! Just hard work ethic and execution. Starting from nothing, I scaled a residential fencing company into a dominant steel operation in under four years being the face and head of construction. 🔨 When a major commercial contract fell apart with one of our loyal clients, there was no stalling so we had to adapt. Winter was coming and everybody knows how Winter is in construction. My partner and I decided to use the setback as leverage, & pivot into real estate by deploying our steel business to acquire rentals and purchase profitable flips while continuing to scale the Steel Company.

@TheFortressInc Thank y’all! 🤠

@BlakeLLL72 Congrats, Blake! Well done! 👊🏽

We officially sold and closed on our new build in College Station. This one went down to the wire and taught us a lot… valuable lessons all around. Grateful for the experience. Not sure residential is our long-term play… multifamily might be the next move.

New pickup in Temple, Texas -105k Purchase -$40k rehab -ARV $270k ABSOLUTE GRANDSLAM ⚾️ This home was hit by a tornado, The previous owner put -New Roof -New HVAC -New Floors (First story only) -ALL new bathroom vanitys, toilets, hardware, bathtubs, and tiled all bathrooms. -New Kitchen Cabinets -New Exterior/Interior Doors -New Windows

PEOPLE SAY .5-.6’s WITH REHAB IN THIS MARKET DONT HAPPEN OR EXIST I BEG TO DIFFER ALL OF YOU BROKER WHOLESALERS CAN TAKE A HIKE (I’d really love to say something else here)

Another little beautiful dinker we picked up this past week in Killeen, Texas PP: $53k Rehab: $22-$25k ARV: $130k Owner has a new bathroom, floors, & roof. We are going to swing in and replace the siding, sheetrock 80% of the house, repaint it, put new electrical fixtures, and call it a darn day!

Me to the appraiser after opening the door and handing him the comps

@TheRealEstateG6 As always, beautiful insight.

Most investors miscalculate property taxes and it can be extremely expensive Here’s how to do it right: Property taxes are usually re-assessed at sale. This means that you don’t underwrite the same property taxes the seller had They’re public info. So you're going to ignore what the broker says. Instead, go directly to the source (the gov) You want to follow a simple 3 step process 1. Look up the property tax bill 2. Go to the county website 3. Call the assessor Look up the Property Tax Bill 1. First you're going to go on the county website (go on google and search "xx county property taxes"). From there, you input the property address and the tax bill should come up The tax bill should show you the exact calculation. You then recalculate the property taxes based on the new purchase price Generally it's assessed value * the mill rate (ex if you buy for $1MM and the mill rate is 25, your taxes would be $1MM*25/1000 = $25k). Sometimes it's appraised value * x% to get the assessed value, then assessed value * the mill rate. Most of the time, the assessed/appraised value is the purchase price, but not every time, especially in non-disclosure states. Some counties also recalculate property taxes every year, while other counties only do so every 5 years. Some states only recalculate at sale. Almost every county calculates the property tax formula slightly differently, so the exact formula isn't important. What is important is that you follow the formula for that specific county to the "T". Go to the County Website 2. You're going to go on the general county website and make sure the formula on their general website matches the formula on the tax bill (some counties have a public calculation, others don’t) Using this property tax calculation formula on their site, you'll calculate the new property taxes based on the new purchase price Call up the Assessor 3. You're going to call up the county (assessor) and ask them directly how property taxes are calculated in the county. Once again, use the formula you’re given to calculate the new property taxes based on the new purchase price. All of these 3 methods should get you the same exact new property tax bill. If any of these 3 calculations result in a different tax bill, call up the assessor again to clear up any confusion. Additional Questions to ask the County Additional questions you should be asking the county include: - How are property taxes calculated? - How is the assessed value calculated? -How often are property values assessed? - Are they reassessed automatically on a sale? - How is the mill rate calculated? - How often does the mill rate change? - Can you send me a sheet of the historical mill rate changes? - What’s the most the mill rate has ever changed in one year? - Is there a cap on how much the mill rate can increase? - Have any events happened recently that would lead you to believe that the mill rate will increase significantly moving forward? That’s really it. Property taxes are simple - they shouldn’t be a “surprise”. Cover all your bases, go directly to the source (the government) and ignore everything the broker/seller says and you should be fine

Down 45 pounds in 97 days.

@willnyguifarro1 @chaserealestat3 PT posts or Metal? If vertical Cedar fencing w/ metal sch40 posts w/ 4 pressure treated runners Between $40-44LF Does not include demo and haul off Make sure to confirm they are using 12’ Sch40 or Sch20 posts.

@BlakeLLL72 @chaserealestat3 Need 1800ft of cedar 8 feet fence in Alvin. Survey in hand.

Getting quotes on 1800 linear feet of fencing 😵‍💫😵‍💫

@willnyguifarro1 @chaserealestat3 Whatcha got, i can give you ballpark numbers for what your looking for to compare Run one of the biggest steel / fencing companies in central tx

@chaserealestat3 Yeah I’m running this by many contractors I know. Biggest fence job I’ve done was 1500feet & i didnt pay anywhere near what it’s costing nowadays. Lumber prices these past few years have went crazy 😝

@TheJSantiago KILLER

New deal we have outside of Los Angeles that I’ll probably be taking down myself Under contract: $230,000 Rehab: $80,000 ARV: $450,000 Let’s get it done 🔥

Just got approved for another HEB contract in Dallas, Texas. Projected $100k in Profit 🔥

Yall thought I was playing?

@bradpputt That’d be great, Im buying a TON in Bell County. I’m looking for a current flips in Williamson

@BlakeLLL72 Love it man, I am here local in ATX as well. Would love to send you over some deals that I find if DM’s are open!

New landscaping going in today New deck Hitting the market Tuesday morning for $695,000. $30,000 over budget 🤣 I kept adding things but I know with this neighborhood it will all be worth it. Purchased at $386,000 Rehabed for $120,000 Should be a nice win!

@bradpputt A smaller wholesaler I work with brought it to me! Still trying to get the acquisitions going🚗

@BlakeLLL72 Awesome man. Sweet acq price, find it off market?

Temple, Texas progress Completion in 2 weeks