All Forum Posts by: Jared Watson

If you're truly motivated to learn investing, you will have to set aside time to attend as many local REI MeetUp groups as possible as that is there the active investors congregate and where you can slash your learning curve. My group is located south but there are plenty of them up north and in the suburbs.

When is your next meet up Guy?

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Hi John, I will have a crew free'd up in about a week. We are finishing up a flip (up north) and I need to keep my crew busy until the city clears permits on my houses.

Let me know if we can be of any assistance, besides the main three (plumb,electric,Hvac) we pretty much do everything else.

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Hi Wilson,

I do not shy away from my comfort zones , North and South Austin

I current strategy is to flip as fast as the city let's me.

South of Anderson ln and north of hwy 71

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Originally posted by @J Scott:

Originally posted by @Jared Watson:

In my opinion, the ideal partner for an investor with capital is a builder (the right builder).

Once you can build at cost, your whole strategy can change for the better. Control cost, eliminate the risks, and build fast!

Assuming the builder is fronting the construction costs. Otherwise, in my opinion, the builder will need to be bringing something additional to the table than just doing the work. The typical builder fee will generally be smaller than 50% of the profits on a spec build, so bringing in a builder as a partner is going to be more expensive, IF ALL ELSE IS THE SAME.

Then you are not building at cost.

To each their own

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In my opinion, the ideal partner for an investor with capital is a builder (the right builder).

Once you can build at cost, your whole strategy can change for the better. Control cost, eliminate the risks, and build fast!

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I made a post on BP marketplace looking for a JV partnership, since I have been abuilder for 10 years and I also study the market it made sense and it gave me s way of having "skin in the game"Anyway, the post said "looking for JV as I am showing 75k and higher in projected returns."

The next day I had 7 messages and 3 phone calls. Sunday, the day after we made an offer of 395k for a south Austin property. Monday the offer was accepted and I quit my job 3 weeks later. It has been 3 months and we have 4 properties with two more coming shortly!

Thank you Bigger Pockets!

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first we get your capital then you and I can go to the auction

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All Forum Posts by: Jared Watson

Jared Watson has started 29 posts and replied 204 times.

Post: Looking to flip in Texas

Post: Looking to flip in Texas

Post: Contractor overages

Post: Newbie here, Houston to Austin

Post: Looking for Handyman Austin, TX

Post: Which areas in Austin are best for rental properties?

Post: Partnering with Realtor - How to Structure Partnership

Post: Partnering with Realtor - How to Structure Partnership

Post: Who here has started from scratch?

Post: Cash flow vs appreciation?