All Forum Posts by: Jon Klaus

Thanks @Karoline Kaon!

We are finishing up 3 more spec homes right now in East Austin.  Bought a tear down on a corner 3 years ago.  Gave the house to my first Austin spec partner and he moved it to another lot and rehabbed it. Then we subdivided the lot into two, and are a few weeks away from finishing the three new homes.  One is pre-sold. Two are on the same legal lot and will have a condo association with just two members.  

 Here's the link: https://www.biggerpockets.com/renewsblog/2014/03/0...

i'm partial to number 46 on spec building and misc. investing.  ;  )

https://www.biggerpockets.com/renewsblog/2013/11/2...

I'm finishing up 3 homes on a bigger corner lot we subdivided.   The new home values are $530k, 515k, and 325k.  One is pre sold and the others should be ready to list in about a month.  

That's some fine craftsmanship and documentation of it, Shane.  How long did the rehab take?  How did y'all find the buyer?  Were you the agent on the sale?  Were there comps for the boyer's  financing?   

I was 25 when I bought my first house and 27 when I bought the next one as an investment.  

It just confirms the massive value you've provided over the years, Ned.  

"Bought a 4plex in San Mateo, CA for $350K (IIRC) in 1996."

What's it worth today, @Jerome Kaidor ?

I chose other, as I assumed a mortgage.  Though not strictly a rental, here's the video:

https://youtu.be/LLYflheh1wI

It's hard to believe it's been 6 years since I posted this video.