All Forum Posts by: David Tiemann

Thanks guys! Midland and Odessa is a boom/bust area. Depends on the price of oil. My kids go to swim meets there and I would often pick up a local paper to read. A few years back they were getting really high prices for property and rental rates. That has all crashed now. Has here is about $1.80, if it goes back to $3.00 the boom will return.

I am an investor in the Texas Panhandle, I currently live in Hereford TX, and invest in this area.  I am primarily a buy and hold investor.  I bought my first rental about 20 years ago.  My wife and I own and operate a construction company; new construction, remodeling, and roofing. In business about 22 years.  We currently own 32 rental units, which we manage ourselves. 12 single family homes, 4 duplexes, and 4 triplexes.  I discovered the Bigger Pockets Podcasts last year and have learned an incredible amount just listening to them.  Most importantly I learned how much I did not know about real estate investing!

I own a construction company and own a couple of rotary lasers, no Dewalt though. They cost $500 - $1000 for good ones. If this is a one time use or if you want to save some money you can use a couple of garden hoses connected together and make yourself some 2ft clear hose extensions to put on each end. Fill the hose and the water will level itself on both ends. It is slower, and a two man job at 200ft, but it's cheap! I am sure there are you tube videos on how to do it. Good luck!