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Very long re-introduction for the new followers!
- grew up to working class parents who each made no more than $25/hr (still some of the most incredibly hard working people though)
- my two brothers (I’m the middle) and I all shared a room until we went to college
- went to Univ of Tulsa for petroleum engineering (hated that we lived paycheck to paycheck growing up so googled the highest paying major and did that)
- graduated 2019, accepted FT role in Houston at large o&g company (w/ $30k in student loans)
- within a few months realize no way I can do that for 40 years (commuting, traffic, too tired when you get home to do much else)
- search YouTube for “something” else (looked at dropshipping, tutoring, Uber, real estate)
- no friends or family that own businesses or RE so began consuming large amounts of Biggerpockets content and set my sights on house hacking
- April 2020 (23 at the time) close on a new construction duplex with 0% down loan (didn’t have any money)
- Covid has hit, very tough to get it rented but got it done (rented it by the room instead)
- Immediately realize there is not enough duplexes in Houston for the amount of the demand (took me 6 months of looking to close on one)
- Put together a sh*tty presentation and began pitching investors in FB groups to invest w/ me
- 40+ people tell me some version of “no” (rightfully so)
- a 66 yr old doctor in NJ agrees to get on board (give him 85% of upside, no fees, give visibility into bank account)
- close on first piece of land August 2020
- get two more investors from FB groups
- (no idea what Im doing just winging everything)
- only thing I felt confident in was the 25% margins (w/o leverage)
- get up to 12 land parcels with 3 investors by early 2021
- first duplexes take about 50% longer than I estimated (why the he*l do I need a driveway permit before I can order my electric meters??)
- mid construction on my first few is when I get more active on ReTwit
- share what I’m working on and get a few more investors from here plus going to @REconveneLA
- this is all on the side of my engineering job
- leave engineering job to join an amazing start up (Jan 2022) in the resi lending space @build_Upright (currently raising $20MM debt fund w/ $14MM raised)
- through 2022 and 2023 continue to rinse and repeat building mostly the same floorplans
- currently finishing up duplexes 24 and 25 soon with 19 more in permitting + 3 townhomes under construction
- closing on a small $140k revenue cleaning biz this month with @651Michael (follow him to keep up with that)
I turned 27 in September my goal is to continue learning as much as I can over the next few years where building relationships > money at this point
I’m hoping this pays off over the next 27 years as I sit here probably with less liquid cash then you reading this 🙂
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