Mad Builder

About Me: •Husband/Dad (13 yrs) •Home Builder/Developer (11 yrs) •Build-to-Rent Small Multifamily (6 yrs) •Spec Home Builder (7 yrs) •Custom Homes? Never again 🖕🏻 •Proud Texan | Lifelong Cowboys Fan Coming Soon: •Light Industrial •STR Ask me anything!

I’ve disappeared from x for awhile Truth is we’ve been busy building 38 of these units being finished this year #duplex & #quadplex Currently working deals to do another 38 next year Meanwhile local rents have increased 33% in the past 6 months due to #datacenters #retwit

Everyone wants to be a real estate developer. It’s sexy. The financial upside can be enormous. Famous developers are treated like gods. Even modestly successful ones get treated way too well and get way too much credit. 😉 It’s the dream for a lot of real estate people. But the day to day reality is quite different. Can you stomach going years without getting paid? Can you sign a recourse loan knowing if the project isn’t successful you might go bankrupt? Can you do that over and over and over again? Can you spend hundreds of thousands, or millions, of dollars pursuing a project, only to see it not get off the ground? What if that happens twice in the same year? Can you face the wrath of your neighbors in meetings? Where they yell and curse at you? Where they call you the devil? Can you manage every single detail of a multiple year process, knowing that one slip up can derail the entire thing? My advice to most is not to become a developer. Buy existing assets with non recourse loans. Build a portfolio over time. Get wealthy. Sleep well. Only become a developer if you’ve tried everything else and know in your bones it is what you want to do. Then do it!

@barnstargroup That’s always been my feeling. We’re in a unique market with our area currently. We have a higher occupancy rate at our hotels than any city in texas. Data centers & solar farms popping up everywhere here right now.

@txmadbuilder Juice not worth the squeeze

Converting one of our units (2 bedroom 1 bath) into a short term rental this week. What’s something you think I should know or wish you had known? #airbnb #shorttermrental #retwit #furniture

@RootsFarm2Table Hard to say really. 1st thoughts is the plumbing is usually the biggest challenge when converting units into smaller spaces. I’d have to see the numbers. My gut is keep collecting your rent from the duplex & use the time & capital on the next deal.

@txmadbuilder I’ve been thinking about demoing my duplex in a few years and turning it into a quad. What are your first thoughts? I was thinking after we own it outright. I think we could command 23/2400 a unit

@WilliamN81650 Yes. We almost always use them on our house pours.

@txmadbuilder Concrete pumps are the best thing ever!

Pouring 2 more houses today. Both 1700 sq ft Can you count the concrete trucks? Floor plan in comments

@BlakeDewberry_ It’s long It’s strong It’s down to get the cash flow on!

@BlakeDewberry_ 104’ long

Finishing our 3rd quadplex Starting our 25th duplex Not bad for 5 years in I always love seeing the parking come in Keep grinding friends

@TXpaintbrush Outside of Abilene tx

@txmadbuilder Nice! Where at?

Update on my disgruntled tenant

@HowardRoark90 They’re not too bad in our area of Texas We only do “At Will” month to month Last eviction from notice to vacate to sheriff removing belongings was 3 weeks 😳

@txmadbuilder You handled it perfectly Luckily, I haven’t had to deal with this (yet) But it’d piss me off immensely Hopefully, they get the fuck out peacefully, and you can move on with your life Evictions suckkkkk

A day in the life of being a landlord Tenant has paid nothing on July & expects to stay longer for free Nothing quite like getting called a racial slur by a 20 yo white girl Keeping it professional, except for posting to X for your entertainment

@Art_In_RE It’s the tenants mom She text separately apologizing I’ll have a new tenant Friday Her daughter will be back in her house

@txmadbuilder Leslie seems sane at least

@clarencehilljr 3rd generation cowboys fan here Jerry has entered his Al Davis years The game has passed him by, great business man but the NFL is a big business now & it’s the monster the Jerry helped create Time= 72 dolphins= undefeated

Yall can buy this need to see leadership from Cowboys edge rusher Micah Parsons if you want to. Jerry Jones had already seen enough to agree to a deal in March. And he’s not worried about him getting injured either.

@HowardRoark90 Right I won’t go down to their level because that’s what they want My theory on tenants that don’t pay is they have to make the landlord out to be the bad guy That way they can justify not paying & leaving the property in poor conditions Thankfully 95% of my tenants are great

@txmadbuilder Gotta get your street cred somehow, right!? 🙃

Land development tip If you’re planning to build a home on more than 1 acre of land do not put the home in the middle of it Locate it on one end/side & put as little land as possible on your mortgage If you ever need 💵 or ready to sell your 🏠, sell the lots next door 1st