All Forum Posts by: Shane Woods

Howdy!  Longtime member of BiggerPockets, have not been that active last couple of years.  Currently active realtor in the Weatherford / Parker County area.  Always looking to connect with other investors, got my start in real estate right here on BiggerPockets!

Looking for an agent to help you find & analyze those deals, & sell them fast for the most $$? Give me a call. I basically work Fort Worth & West. Here's how my 2017 worked out. I worked with BP members on direct mail, purchasing, marketing, & analyzing deals for 3 years before attaining my license. Now add contract negotiations expert & pricing expert to that list!

Need good comps, let's talk.

Who do you know that I need to know in the West DFW Investment Market?

Howdy! I wouldn't say I'm steeped in it, I sold that one just right place right time! I do know several tiny house builders in the West DFW area.

Thanks @Jon Klaus. I'm concentrating right now on my weaknesses. Being consistently inconsistent is costing me leads & listings...it's definitely a process learning the ins and outs of building a powerful efficient lead gen & followup machine....I'm definitely out of my comfort zone, and it's better every day...

Howdy! It's been so long since I've been on BP I don't even  recognize the format! That being said, it's time for a success story!

As you may have read in my bio & other posts, I got my RE "start" right here on BP back in 2012 when @Jerry Puckett and @John Chapman gave me a shot managing the database on their mail campaign. That went well, and in 2014 @Jon Klaus offered me a full time gig, assisting his group with direct mail campaigns in Austin. For the first time in my adult life, I had a salaried income, I was able to work from home, spend time with my family, buy my first home, and set my own schedule.  It went very well, and they bought several properties over 9 months. However the development cycle in Austin is SO SLOOWWWWW, so properties weren't being turned as quickly as hoped.

At that time it was recommended to me to go get Licensed, since I had a knack for direct mail management & working with sellers. So I did...

I got my license in September of 2015. Went to work at a small brokerage in Weatherford where I live, couple blocks from the house. Learned lots about our county, networked with lots of great Realtors in our area, and learned how to "sell real estate". Made a little money, but still had to work my "old job" in Audio Visual for 50-75% of my income that first year. In February of 2017, I moved over to my local Keller Williams office, and the transition was AMAZING! Their training is incredible. The lead generation and followup techniques are great for any business person, not just real estate. The best part is all the mindset coaching they do. I really bought into the whole be, then do, to have culture of KW and started seeing the difference in my closings.

For those of you who don't know, KW works on a commission split with a royalty cap and a commission cap. Our total number is $21,000 for the year paid into the company, then we get to keep all of our commissions until our anniversary date resets.

I didn't expect to cap my first year, considering how little I sold in 2016. I'm proud to say, after moving over to KW in February, I capped in September! It only took me 7 months to cap. And this year, my income will be about 75% RE, 25% AV, which is a blessing. We were able to do more things as a family than we ever have, and my mortgage & household bills are all paid up through the 1st of the year. Next year I've set my goal at $5M closed volume, which is a little over double what I did this year between both brokerages.

I can't say enough about this BP community, and the people's willingness to help each other. I'd still be breaking my back, working 50-60 hrs/wk for the AV companies if not for a few great people here.

Real Estate is simple, and not easy.

 All Wood Beams on Concrete Pilings & Concrete Piers

Storm tonight took out a friend's fence. Anyone have a fence contractor for Carrolton, TX?

Dallas, Plano, Irving or anywhere close?

Thanks!

Good catch. Wood framed beams sitting on concrete piers, sitting on concrete pads (pilings). Leveled with metal shims. No further "attachment". I asked the same question: Wait, that's just SITTING on there? And that's SAFE? Here's the answer I was given:

These 100 year old houses have been literally sitting on concrete pilings for 100 years. And haven't gone anywhere. The house was still standing, and lived in prior to demo. As long as you're not completely tearing down and building new, the project can be classified as a remodel. Existing foundation system can be reused. Just needs to be repaired and able to support the weight of the house, with components and design typical to this style of house. City will inspect and sign off, or order further work.

 Thanks!

Selling the reclaimed wood we didn't use (tons, literally), original doors, original windows, and a few other items we found in the house almost paid for the dump trailer! It's amazing what some people will pay for reclaimed "house parts".

 Hey Julie,

Somewhere in the pictures you should be able to see dirt. Here's the short version:

Partially demo'd, house was literally separating in the middle, and typical roller coaster pier & beam. We ripped out all the sub floor & hired a foundation company to level it. We TOLD THEM we would be adding a 2nd story, and to accommodate for that in their work. $3800 in materials and labor later, with several return trips, it still wasn't going to work. We finally paid them just to get them to go away. We spent another $10K or so in materials and our own labor to do it right. All new joists, lots of extra support under, replacing many of the main beams, or at least supporting them. Then all new sub-floor. Most of that cost is labor.

Because we had to rip out what that company did, we were in total about $14K on foundation. Would have been about $8-10K if we just did it ourselves from the beginning.