All Forum Posts by: Ryan R.

Where there's a will, there's a way. I was in your shoes not too long ago.

You've reached a road sign that says "Road Closed", it's time to get creative. Most people will turn around and keep the excuse in their back pocket that they tried. How bad do you want to get to the other side?

So you want to build a new $300,000 house in a market that you are unfamiliar with? Have you built any houses before? Will you have equity when you move in or will you be upside down from day one?

What's your estimated monthly cash-flow? What's your exit strategy if you decide in 3 years you want out? How long will you have to hold it to break even? Are there other pools of tenants that can assume the rents if the Air Force were to relocate, reduce or eliminate this training school?

What's the expected appreciation? What about property management? What are their fees? Are they competent enough to handle the property?

Lots of questions to be answered.

As Jon stated, the Texas economy is very diverse and oil and gas are just one component.

More info about the show.

And some legal trouble for the show.

KB homes are built as cheap as possible. They are high maintenance homes because of this. Expect things to wear out fast and need replacement.

I also wouldn't bet on much appreciation in a KB neighborhood either. These houses are easy for buyers to get into, they are expensive to maintain and the KB neighborhoods in my area stagnate; overgrown yards, old leaning fences, worn out siding in need of paint, foreclosures on every other block, loud music etc.

Although preferably written last, the Summary should appear at the front of your business plan. (If you write one).

The Summary should establish, early on, whether the financiers are interested in this deal.

Items to include:

• Your plan/project
• Your market
• Any unique attributes to your project
• Why your product will beat the competition
• Your related experience that applies to this venture
• Financial highlights and any previous achievements related
• Funding required
• Exit route for financiers

If you read the contract, you'll find that they take this seriously. Don't do anything until you close.

High on drugs? If he had been working all day on another job, and then he came over and worked late on your job, maybe he was just exhausted.

From my experience, these guys make a living from month to month at best, and typically week to week. It's hard to blame him for jumping on a big job, especially as yours is winding down.

They typically aren't the best managers of time or subs, but as long as they do good work and get it done within my time frame, it doesn't bother me.

Bend but don't break.

I'd list it without them and give the buyer an appliance allowance. They can choose what they want to spend.

Here's a recent thread regarding Detroit that you may find interesting: Detroit Turnaround