22 Year Old Full Time Investor in S. Central Texas

22 Year Old Full Time Investor in S. Central Texas

Investor · Maxwell, TX · Member since 2016 · 34 posts · 69 votes

Good evening Bigger Pockets!

I'm pumped to be here! I've listened to the podcasts for the past 4 months and just bought 2 properties this week!

A little about me, I graduated from Texas State University in San Marcos in August of 2015 (in three years) with a Bachelor's of Science in Construction Science and Management and a Business minor. During college I worked for two large commercial construction contractors, and after graduation decided to work for a custom home builder in Horseshoe Bay, TX. After about a year of managing subs and performing punch-out, I saved up some money and decided to take the leap and venture out on my own.

Since leaving my job in May, I've spent hours listening to the BP podcasts, talking with local agents, and analyzing deals (about 10). It took some time to become familiar with $/SF, but after ditching Zillow, the MLS, I decided to price new construction and the rest is history.

On Tuesday of this week I closed on a lot to build a spec home. I'm planning on partnering with a GC to build it.

And today at noon I actually closed on my first home! It was a FSBO that I came across while driving for dollars. I'll be fixing it up and reselling it. Its a 1,500 SF 3/2 single story that needs flooring, paint, new siding, appliances, fixtures, and a new A/C. I'll be subbing out the specialty trades and doing a lot of the other work myself. More pictures to come!

Again, I owe a big thank you to Bigger Pockets for producing such great content, I was able to pick up quite a bit through the podcasts. I wanted to wait to introduce myself until I finally nailed down a property, and here I finally am! Two properties in one week!

Keywords: Kyle, Buda, San Marcos, Lockhart, Bastrop, South Austin, San Antonio, New Braunfels, wholesaler

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Real Estate Agent / Investor · Houston, TX · Member since 2016 · 73 posts · 36 votes
9y

Amazing! Great job driving for dollars. What are the terms for purchasing the home? Was it purchased cash? Seller financing?

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  • Michael S.Pro Member
    Biggerpockets Support · Las Pinas, Metro Manila · Member since 2015 · 7k+ posts · 1k+ votes
    9y

    That's awesome progress Mitchell and welcome again to BP. 

    BiggerPockets
  • Austin, TX · Member since 2016 · 1 post · 0 votes
    9y

    Good to see deals like this still being done in my home city. 

  • Real Estate Agent / Investor · Houston, TX · Member since 2016 · 73 posts · 36 votes
    9y

    Amazing! Great job driving for dollars. What are the terms for purchasing the home? Was it purchased cash? Seller financing?

  • Investor · San Antonio, TX · Member since 2016 · 4 posts · 1 vote
    9y
    Eat Em Up Cats!!!!
  • Spring, TX · Member since 2016 · 70 posts · 13 votes
    9y

    dude you are killing it, good intro and welcome 

  • Investor · West Bend, WI · Member since 2014 · 214 posts · 149 votes
    9y

    Well played sir, keep at it success comes for those who work for it!  Great Job!

  • Flipper/Rehabber · San Marcos, TX · Member since 2016 · 128 posts · 38 votes
    9y

    Good story my man! I recently just became a realtor here in San Marcos. Also looking to get into some investment properties. Let me know if I can be any help to you! 

  • Contractor · College Station, TX · Member since 2015 · 113 posts · 38 votes
    9y
    Smokes man! You just went for it! That's awesome! It's taken me about a year out of college to put my company together, and you just went for it! That's super inspiring man! If you ever find your curiosity peaked towards the DFW area, hit me up man. You're going to be running the world at this rate.
  • Investor · Maxwell, TX · Member since 2016 · 34 posts · 69 votes
    9y

    @Michael S. The Kyle area has grown considerably over the past couple of years, Lockhart seems to be slowly following in its footsteps.

  • Investor · Maxwell, TX · Member since 2016 · 34 posts · 69 votes
    9y

    @Shenice B. The seller was an absentee owner, who had previously rented the home. There were some back taxes owed on the property as well and it ended up being a short sale! It was a cash transaction.

    @David Fink Yes sir! The Cats are alive and well! The campus is growing like crazy, have you seen the amount of multi-family construction lately?! I don't foresee myself having to travel far for opportunities any time soon, knock on wood!

    @Anthony Geren Thanks Anthony! I'm glad to be here, what an awesome group @Joshua D. and @Brandon Turner have created!!!

    @Jeff G. Thank you Jeff! Persistence has paid off, or will pay off in a couple months!

    @Cameron Whitehead That's awesome Cameron, I'm still building my team. I've considered getting my license but at this point would rather focus on the next deal. I'll send you a request and we can go from there!

    @Colton Cook Thanks Colton, I really appreciate that. At this point for me, it has just been about getting on the board (in a safe and calculated way). What worked best for me was getting out of the office, driving around my town (picked up a map from the Visitor's Center, and marked off streets as I went down them), looking for run-down properties, calling listing agent's on signs, and quite honestly just going out making some noise. For sure, I make it up to Dallas a couple of times a year, I'll definitely give you a shout!

  • Investor · King of Prussia, PA · Member since 2014 · 1k+ posts · 339 votes
    9y

    @Mitchell Robert Classen welcome to BP and well done with your acquisitions. Keep us updated on your progress. 

  • Investor · Columbus, MT · Member since 2013 · 1k+ posts · 1k+ votes
    9y

    @Mitchell Robert Classen

    Just curious was the degree worth it? 

    Seems like a lot to build houses. I am not trying to be rude, I am genuinely wanting to know. 

  • Lithia Springs, GA · Member since 2016 · 37 posts · 4 votes
    9y

    Way to work. I'm a newbie and let me just say, you're amazing. That was an awesome introduction. I'm most definitely inspired. You have aspired me to want to follow in your foot steps. "Get out and make some noise."

  • Houston, TX · Member since 2013 · 1k+ posts · 114 votes
    9y

    Hi and Welcome to Biggerpockets @Lisa Renee

  • Investor · Maxwell, TX · Member since 2016 · 34 posts · 69 votes
    9y

    @Ayodeji Kuponiyi Thank you sir! I'll definitely keep everyone updated.

    @Joshua D. Great question, I've thought about this myself as I worked through school. If you want to work for a home-builder, no it's not worth it. If you want to own and grow a successful home building company, yes I would say it is worth it. The degree program I went through is geared towards producing construction managers, estimators, project executives, etc. for large commercial general contracting companies (corporate-atmosphere). I decided that I didn't want to be a "cog in the wheel" on a $120 million dollar construction site, working long hours, and becoming specialized in a particular aspect of the construction project. I'd rather be able to call my own shots, be compensated for my efforts, etc.

    Having said that, I graduated with

    • A piece of paper that says I graduated
    • A huge network of alumni who are all in the same business as I am (architects, GC's, subs, developers, suppliers, etc)
    • A technical knowledge of the business (Enough to keep me out of trouble, and to know when to consult an attorney, engineer, architect, or more often than not, a veteran tradesman)

    The network I developed is worth ten-fold the cost of the degree. If someone wanted to learn the nuts and bolts of how to build a house and the construction process in general, I'd tell them to go to work for a GOOD custom homebuilder for at least a couple of projects (6-18 months depending on the size of the home).

  • Investor · Maxwell, TX · Member since 2016 · 34 posts · 69 votes
    9y

    @Lisa Renee Thank you Lisa! I've been inspired by many people on here as well. The one that sticks out the most is Devan McClish on podcast 180! Good luck on the search, keep me updated!

  • Sugar Land, TX · Member since 2016 · 5 posts · 0 votes
    9y

    good job, man! continue succeeding! 

  • Investor · Maxwell, TX · Member since 2016 · 34 posts · 69 votes
    9y

    In case anyone was wondering what I've been doing over the past few months...The flip is flipped.

    https://www.biggerpockets.com/forums/223/topics/446029-23-years-young-first-flip--36-k-p-r-o-f-i-t

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