All Forum Posts by: Joseph Willis

I'm looking for recommendations for excellent general contractors specializing in new construction in the Houston, TX area. As I embark on my first few projects, it's crucial for me to connect with experienced professionals who can help bring my visions to life with quality craftsmanship and reliability.

Key Points I'm Looking For:

Proven track record in new construction.
Strong references and portfolio of completed projects.
Good communication skills and transparency throughout the project.
Competitive pricing and clear contract terms.
Familiarity with local regulations and permitting processes.

Additionally, I'm very interested in connecting with seasoned developers in the Houston area who might be open to mentorship. I believe there's a lot I can learn from experienced individuals who have successfully navigated the local market.

If you have any personal recommendations or if you are a contractor/developer willing to offer advice, please reach out or comment below. Your insights and connections would be greatly appreciated!

Thank you in advance for your help!

Best regards,

Joe Jr

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Houston, Texas

Quote from @Alecia Loveless:

@Account Closed If you're able to buy buildings/doors for so little money than that is what I would continue to do. I expect other than a possible HELOC if will be relatively difficult to finance properties that you can buy for under $50,000.

If you can save up and buy a couple for cash every year and get them rented in no time at all you will meet your goal of $30,000. I’ve only been at this for about 3.5 years and have been financing properties and only cash flow $200/door/month and am up to $60,000/year now. So even if you’re only able to pick up 1 door per year and cash flow $5000 per door per year in 6 years you’ll have $30,000. And by the time you’re 30 you’ll have $50,000/year.

You sound like you’ve got a lot of hustle and drive. Even if you don’t like it so much stick with the landscaping business for now especially if you’re paying your taxes with it because it should provide an income that supports you, allows you to buy more properties, and allows you to get your HELOCs or even a mortgage if you eventually need one for a multi family or something down the road.

Hi Alecia, thank you for your response. Correction in my original post. My goal is $30,000/month by 30 and $100,000/month by 40. My income as of now is 110k/year my business is making a little over $500,000/year. I am also focused on gaining equity into multiple multi-family structures, and want to have a significant amount of equity by age 30 as well.

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Quote from @Karl B.:

First off, congratulations for working hard from the age of 13 (I worked 40 hours a week during the summer starting at the age of 12 and so I give you lots of respect) and now beginning your real estate journey while still being a teenager. I wish I had started that early.

Due to high interest rates there are still ways to buy with zero to little cash including seller financing.

You could also use the money you make to grow your landscaping/construction company (hire workers or buy equipment that can make you more money) or simply branch out (such as getting construction/landscaping jobs and subcontracting the work out to good subcontractors so you can make a profit).

Real estate investing is like a snowball and time works in your favor. As you make more money from rentals and your business you'll continue to stack cash and network for deals. Also, landscaping is a great way to 'drive for dollars' and locate value-add properties that can be had for a deal.

You're ahead of most people your age; keep working hard and stacking cash. There are always hurdles and growing pains when you start out but as mentioned, real estate growth is like a snowball going down a hill. I'm confident you'll own a whole lot of properties.

Hi Karl, thank you for the kind words. Should I remain purchasing cash, or should I get a HELOC and purchase a building? I, eventually want to step away from the landscape business, unless I find a way to fully autonomize it.

1 Vote

I’m 19 years old. I own a landscape construction company starting at age 13. I finally grew some balls and bought my first rental property cash back in April of 2023, completely rehabbed and plan on renting it out. I bought my second property in the same building cash for a steal IMO at $28,500. However, I am critically low on money. I have $20k in stocks and only about $30-40k max left to my name (including my stocks in that figure).

My question is, I want to have a portfolio of about 50 properties by age 30. With a net cash flow of about $30,000/month (which may be unrealistic.. I’m a newbie) and $100k/month net passive income by age 40. I have two properties with no mortgage that will bring about $21,000 in net income annually after expenses. How do I utilize my current position financially and with my assets to grow my portfolio to my goal of $30,000 in net passive income? Am I investing incorrectly by paying cash? I need guidance!!!

Between my personal and business expenses, I have about $7k/month in overhead. I was able to reduce that by airbnbing my DT apartment and renting out one of my cars on Turo. So, it’s about $4800/month

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All Forum Posts by: Joseph Willis

Joseph Willis has started 2 posts and replied 4 times.

Post: Seeking Recommendations for Top New Construction General Contractors in Houston, TX

Post: I need guidance .

Post: I need guidance .

Post: I need guidance .