Just wanted to share my experience with BP and how its changed my life!

Investor · TX · Member since 2021 · 53 posts · 59 votes

Good Evening Everyone!

Crazy to think how much bigger pockets has changed my life but I have almost never get on the forums even though I listen every day. I was a Federal Agent for the Department of Homeland Security when I got into investing back in 2021. listening to Brandon and David on the podcast I fell in love with it all and dove right in. Started out buying small multi family thinking that was my best option, then I learned about the BRRRR process and now I am doing that at scale! we have about 3-4 BRRRR's a month going on now. a lot of people talk about a "perfect BRRRR" being when you get all your mom back out of the deal. that would be a WORST deal for me lol. I am profiting 50-75K on every BRRRR I do. looking to connect with more BP fans in Texas. Most of my portfolio is in Corpus Christi TX. I was able to step away from my job with DHS in 2023 and my real estate journey has taken off even more. I got my license in 2024 just to have MLS access. I Do represent myself on all my purchases if they are listed as well as I represent a couple of my buddies locally who are investors. Love to talk shop! I recently started a RE Youtube channel @investorplaywithgabe sharing all my on going projects and things Ive learned along the way! would be a great resource for someone just starting out or wanting to scale. I didn't come from money or a trust fund baby. I started with just money I had saved by house hacking renting my rooms of my rental out to other agents and saving every penny I could, no college degree and now have a portfolio valued in the 8 figures and have retired at age 31. Lets connect! if your looking to get into a new market or if you are in Texas! I am also expanding more into Houston and San Antonio areas as well.

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Don KonipolBusiness Member

Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes

Quote from @Gabriel Watts:

@Don Konipol no offense Don but that is completely in accurate. When have prices ever dropped 40-50%? Even in 08 they didn't drop that much in the worse markets. And at the same time. During 08 rents actually went up. So if you buy a cash flowing asset. That won't affect you. Maybe on paper. But not day to day. Also again completely inaccurate most of my portfolio was built after June of 2022. I've been buying in a "declining" market with high interest rates my whole career. I know what you’re trying to say because alot of people got very wealthy by owning real estate before and during the COVID boom. I actually got in AFTER all that. But I appreciate the feedback! Always have a back up plan

I’m afraid your inexperience and naivety is showing. In addition, It appears reading into your answer you only want “atta boys”, not anything that can in the remotest sense be considered “criticism”. So instead of opening your self up for learning, you quickly defend your achievement. Very childish, and totally unproductive.

Most if not all of my contemporary investors can confirm when prices in certain major markets fell 50% - because we lived thru them. Here’s a synopsis of the Case Shiller Housing Index 2008 - 2011 “Nationally, home prices fell approximately 27% in 2008, but Phoenix experienced a much sharper decline, losing around 56% of its value”. That was
just 2008, 2009 -2010 nationally prices fell another 13%. So nationally we had a 40% decline, with Phoenix, Miami, Las Vegas and San Francisco showing 60% + decline. That’s why I purchased 5 properties in Phoenix area in 2012 - for 60% BELOW what they had previously sold for.

A more recent example is office properties. Office values have declined on average 40 - 45 % nationally, with some markets down over. 50%. Here’s an excerpt from an article
“ In May 2024, for example, the office building at 1740 Broadway in New York, originally purchased for $605 million in 2014, was sold for under $200 million. This underscores the sharp decline in commercial property values in some cases.

Many office building owners financed their properties at low interest rates pre-pandemic. As loans mature and refinancing at today’s elevated rates becomes necessary, the financial burden increases, especially for buildings already struggling with high vacancies. Recent sales reflect severe devaluations. A Washington D.C. office building sold this spring for $16 million, a sharp decline from its $72 million valuation in 2018. These losses are making lenders and investors more cautious about financing office properties.

Private Mortgage Financing Partners, LLC

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Lisa Choi
Real Estate Agent · San Antonio · Member since 2024 · 103 posts · 42 votes
1y
Awesome story, Gabe! Really inspiring to hear how you built all of this from the ground up. From house hacking to 8 figures and stepping away from the 9–5 by 31… that’s what it’s all about.

I'm based in San Antonio and work with investors daily—mostly sourcing off-market multifamily and BRRRR-friendly deals. I'd love to connect, especially since you're expanding into San Antonio and Houston. Sounds like we're speaking the same language when it comes to scaling smart and staying active in the trenches.

I’ll definitely check out your YouTube channel—it sounds like a great resource for both newer investors and those ready to level up. If you’re ever open to talking shop or need boots on the ground in SA, don’t hesitate to reach out.
1 Reply
- Gabriel Watts
  OP
  Investor · TX · Member since 2021 · 53 posts · 59 votes
  1y
  @Lisa Choi seams like we are certainly speaking the same language Lisa! Are you licensed there in SA? Or do you just wholesale? Let's connect!
  0 Reply
- Lisa Choi
  Real Estate Agent · San Antonio · Member since 2024 · 103 posts · 42 votes
  1y
  Quote from @Gabriel Watts:
  
  @Lisa Choi seams like we are certainly speaking the same language Lisa! Are you licensed there in SA? Or do you just wholesale? Let's connect!
  
  I am licensed. 😊 Would love to connect!
  0 Reply
Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
1y
Congrats hard work meets opportunity !!!
Podcast Guest on Show #222
JLH Capital Partners51 Review
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2 Reply
- Gabriel Watts
  OP
  Investor · TX · Member since 2021 · 53 posts · 59 votes
  1y
  @Jay Hinrichs thank you! Yes it does!
  0 Reply
Don KonipolBusiness Member
Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
1y
Quote from @Gabriel Watts:

Good Evening Everyone!

Crazy to think how much bigger pockets has changed my life but I have almost never get on the forums even though I listen every day. I was a Federal Agent for the Department of Homeland Security when I got into investing back in 2021. listening to Brandon and David on the podcast I fell in love with it all and dove right in. Started out buying small multi family thinking that was my best option, then I learned about the BRRRR process and now I am doing that at scale! we have about 3-4 BRRRR's a month going on now. a lot of people talk about a "perfect BRRRR" being when you get all your mom back out of the deal. that would be a WORST deal for me lol. I am profiting 50-75K on every BRRRR I do. looking to connect with more BP fans in Texas. Most of my portfolio is in Corpus Christi TX. I was able to step away from my job with DHS in 2023 and my real estate journey has taken off even more. I got my license in 2024 just to have MLS access. I Do represent myself on all my purchases if they are listed as well as I represent a couple of my buddies locally who are investors. Love to talk shop! I recently started a RE Youtube channel @investorplaywithgabe sharing all my on going projects and things Ive learned along the way! would be a great resource for someone just starting out or wanting to scale. I didn't come from money or a trust fund baby. I started with just money I had saved by house hacking renting my rooms of my rental out to other agents and saving every penny I could, no college degree and now have a portfolio valued in the 8 figures and have retired at age 31. Lets connect! if your looking to get into a new market or if you are in Texas! I am also expanding more into Houston and San Antonio areas as well.
You found your passion - real estate ! That’s great. However, I need to insert a work of caution. Your RE investing experience has been in a rising market. For experience, assume the same investing with a market where prices crash 40% - 50%, renter defaults hit 20%, the vacancy time runs to 4 -6 months, and rental rates decline 20%. Doesn’t happen OFTEN, but I’ve been thru FOUR of these “recessions/depressions in my real estate career.

The point is NOT to STOP investing, but to invest with “backup” or “staying power”. That’s a whole “nother” topic. But, here’s the reality. With residential property being controlled more and more by investors vs users, the volatility will only increase in the future.

Btw, congrats on your success - no SOLIDIFY that success by contingency planning
Private Mortgage Financing Partners, LLC
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2 Reply
- Gabriel Watts
  OP
  Investor · TX · Member since 2021 · 53 posts · 59 votes
  1y
  @Don Konipol no offense Don but that is completely in accurate. When have prices ever dropped 40-50%? Even in 08 they didn't drop that much in the worse markets. And at the same time. During 08 rents actually went up. So if you buy a cash flowing asset. That won't effect you. Maybe on paper. But not day to day. Also again completely inaccurate most of my portfolio was built after June of 2022. I've been buying in a "declining" market with high interest rates my whole career. I know what your trying to say because alot of people got very wealthy by owning real estate before and during the COVID boom. I actually got in AFTER all that. But I appreciate the feedback! Always have a back up plan
  1 Reply
- Don KonipolBusiness Member
  Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
  1y
  Quote from @Gabriel Watts:
  
  @Don Konipol no offense Don but that is completely in accurate. When have prices ever dropped 40-50%? Even in 08 they didn't drop that much in the worse markets. And at the same time. During 08 rents actually went up. So if you buy a cash flowing asset. That won't affect you. Maybe on paper. But not day to day. Also again completely inaccurate most of my portfolio was built after June of 2022. I've been buying in a "declining" market with high interest rates my whole career. I know what you’re trying to say because alot of people got very wealthy by owning real estate before and during the COVID boom. I actually got in AFTER all that. But I appreciate the feedback! Always have a back up plan
  
  I’m afraid your inexperience and naivety is showing. In addition, It appears reading into your answer you only want “atta boys”, not anything that can in the remotest sense be considered “criticism”. So instead of opening your self up for learning, you quickly defend your achievement. Very childish, and totally unproductive.
  
  Most if not all of my contemporary investors can confirm when prices in certain major markets fell 50% - because we lived thru them. Here’s a synopsis of the Case Shiller Housing Index 2008 - 2011 “Nationally, home prices fell approximately 27% in 2008, but Phoenix experienced a much sharper decline, losing around 56% of its value”. That was
  just 2008, 2009 -2010 nationally prices fell another 13%. So nationally we had a 40% decline, with Phoenix, Miami, Las Vegas and San Francisco showing 60% + decline. That’s why I purchased 5 properties in Phoenix area in 2012 - for 60% BELOW what they had previously sold for.
  
  A more recent example is office properties. Office values have declined on average 40 - 45 % nationally, with some markets down over. 50%. Here’s an excerpt from an article
  “ In May 2024, for example, the office building at 1740 Broadway in New York, originally purchased for $605 million in 2014, was sold for under $200 million. This underscores the sharp decline in commercial property values in some cases.
  
  Many office building owners financed their properties at low interest rates pre-pandemic. As loans mature and refinancing at today’s elevated rates becomes necessary, the financial burden increases, especially for buildings already struggling with high vacancies. Recent sales reflect severe devaluations. A Washington D.C. office building sold this spring for $16 million, a sharp decline from its $72 million valuation in 2018. These losses are making lenders and investors more cautious about financing office properties.
  
  Private Mortgage Financing Partners, LLC
  Website View Page
  7 Reply
- Alan F.
  Flipper/Rehabber · CA · Member since 2023 · 1k+ posts · 1k+ votes
  1y
  Quote from @Don Konipol:
  
  Quote from @Gabriel Watts:
  
  @Don Konipol no offense Don but that is completely in accurate. When have prices ever dropped 40-50%? Even in 08 they didn't drop that much in the worse markets. And at the same time. During 08 rents actually went up. So if you buy a cash flowing asset. That won't affect you. Maybe on paper. But not day to day. Also again completely inaccurate most of my portfolio was built after June of 2022. I've been buying in a "declining" market with high interest rates my whole career. I know what you’re trying to say because alot of people got very wealthy by owning real estate before and during the COVID boom. I actually got in AFTER all that. But I appreciate the feedback! Always have a back up plan
  I’m afraid your inexperience and naivety is showing. In addition, It appears reading into your answer you only want “atta boys”, not anything that can in the remotest sense be considered “criticism”. So instead of opening your self up for learning, you quickly defend your achievement. Very childish, and totally unproductive.
  
  Most if not all of my contemporary investors can confirm when prices in certain major markets fell 50% - because we lived thru them. Here’s a synopsis of the Case Shiller Housing Index 2008 - 2011 “Nationally, home prices fell approximately 27% in 2008, but Phoenix experienced a much sharper decline, losing around 56% of its value”. That was
  just 2008, 2009 -2010 nationally prices fell another 13%. So nationally we had a 40% decline, with Phoenix, Miami, Las Vegas and San Francisco showing 60% + decline. That’s why I purchased 5 properties in Phoenix area in 2012 - for 60% BELOW what they had previously sold for.
  
  A more recent example is office properties. Office values have declined on average 40 - 45 % nationally, with some markets down over. 50%. Here’s an excerpt from an article
  “ In May 2024, for example, the office building at 1740 Broadway in New York, originally purchased for $605 million in 2014, was sold for under $200 million. This underscores the sharp decline in commercial property values in some cases.
  Weak demand for office space remains a major issue. New leases are down approximately 25% compared to 2019, and average office occupancy in New York is about 50% of the pre-pandemic workforce, according to Kastle Systems. The delinquency rate for office loans tied to commercial mortgage-backed securities (CMBS) rose to nearly 7% in May, up from 4% the previous year. Foreclosures are also climbing, with nearly 30 office buildings in cities like Dallas, New York, and San Francisco in foreclosure as of April 2024.
  Many office building owners financed their properties at low interest rates pre-pandemic. As loans mature and refinancing at today’s elevated rates becomes necessary, the financial burden increases, especially for buildings already struggling with high vacancies. Recent sales reflect severe devaluations. A Washington D.C. office building sold this spring for $16 million, a sharp decline from its $72 million valuation in 2018. These losses are making lenders and investors more cautious about financing office properties.
  
  Yup, took a 40% bath on c class in Fresno, learned alot about location and property class. Took 9 hrs to get back to pre GFC. Hence my positions on high equity & liquidity.
  The Renaissance Tower in downtown Sacramento was purchased in '16 for apprx 80m, recently sold at auction for apprx 20m.
  2 Reply
- J CastroBusiness Member
  Lender · Florida · Member since 2025 · 755 posts · 265 votes
  1y
  Congrats on your achievement Gabriel! You're in the right market and seem know what hat your doing. I'd love to connect with you and see how we can collaborate, let me know when you have some time to discuss further. Again congrats
  JCREIG Capital Funding
  Website View Page
  0 Reply
- Alan F.
  Flipper/Rehabber · CA · Member since 2023 · 1k+ posts · 1k+ votes
  1y
  Quote from @Alan F.:
  
  Quote from @Don Konipol:
  
  Quote from @Gabriel Watts:
  
  @Don Konipol no offense Don but that is completely in accurate. When have prices ever dropped 40-50%? Even in 08 they didn't drop that much in the worse markets. And at the same time. During 08 rents actually went up. So if you buy a cash flowing asset. That won't affect you. Maybe on paper. But not day to day. Also again completely inaccurate most of my portfolio was built after June of 2022. I've been buying in a "declining" market with high interest rates my whole career. I know what you’re trying to say because alot of people got very wealthy by owning real estate before and during the COVID boom. I actually got in AFTER all that. But I appreciate the feedback! Always have a back up plan
  I’m afraid your inexperience and naivety is showing. In addition, It appears reading into your answer you only want “atta boys”, not anything that can in the remotest sense be considered “criticism”. So instead of opening your self up for learning, you quickly defend your achievement. Very childish, and totally unproductive.
  
  Most if not all of my contemporary investors can confirm when prices in certain major markets fell 50% - because we lived thru them. Here’s a synopsis of the Case Shiller Housing Index 2008 - 2011 “Nationally, home prices fell approximately 27% in 2008, but Phoenix experienced a much sharper decline, losing around 56% of its value”. That was
  just 2008, 2009 -2010 nationally prices fell another 13%. So nationally we had a 40% decline, with Phoenix, Miami, Las Vegas and San Francisco showing 60% + decline. That’s why I purchased 5 properties in Phoenix area in 2012 - for 60% BELOW what they had previously sold for.
  
  A more recent example is office properties. Office values have declined on average 40 - 45 % nationally, with some markets down over. 50%. Here’s an excerpt from an article
  “ In May 2024, for example, the office building at 1740 Broadway in New York, originally purchased for $605 million in 2014, was sold for under $200 million. This underscores the sharp decline in commercial property values in some cases.
  Weak demand for office space remains a major issue. New leases are down approximately 25% compared to 2019, and average office occupancy in New York is about 50% of the pre-pandemic workforce, according to Kastle Systems. The delinquency rate for office loans tied to commercial mortgage-backed securities (CMBS) rose to nearly 7% in May, up from 4% the previous year. Foreclosures are also climbing, with nearly 30 office buildings in cities like Dallas, New York, and San Francisco in foreclosure as of April 2024.
  Many office building owners financed their properties at low interest rates pre-pandemic. As loans mature and refinancing at today’s elevated rates becomes necessary, the financial burden increases, especially for buildings already struggling with high vacancies. Recent sales reflect severe devaluations. A Washington D.C. office building sold this spring for $16 million, a sharp decline from its $72 million valuation in 2018. These losses are making lenders and investors more cautious about financing office properties.
  
  Yup, took a 40% bath on c class in Fresno, learned alot about location and property class. Took 9 hrs to get back to pre GFC. Hence my positions on high equity & liquidity.
  The Renaissance Tower in downtown Sacramento was purchased in '16 for apprx 80m, recently sold at auction for apprx 20m.
  
  Oops 😬 edit; That was supposed to be nine years (not hrs) phone posting
  0 Reply
Gabriel Watts
OP
Investor · TX · Member since 2021 · 53 posts · 59 votes
1y
I see the New Western email! just noticed that. I am already set up with NW in both SA and Houston. Thank you! :)
1 Reply
Jacob Thorpe
Lender · Lake Geneva WI, USA · Member since 2023 · 141 posts · 72 votes
1y
Congrats on your success so far, consider joining a REIG out there, 50-70k on a refi is light work in Texas, especially if youre splitting costs JV with partners and inside the DFW, Austin, Houston triangle or anywhere along I35 between SA and DFW due to the current market out there with millions of people moving out of California and plenty of jobs moving in like Amazon, texas intruments expansion, and Tesla. Plenty of houses in growing neighborhoods built in the 30's-80's you can get for under 1/200k and refi at 250/300. Big spread out there for single family BRRR but with rising home prices you can rehab and refi and stick in a renter or two but that wont last forever when rates potentially come down next year and those potential renters will become DR Horton home owners when the money becomes cheaper. Also, I know some flippers who are making 250k on a sub2 in a few months, Id consider going to Austin and jumping in on the meet up circuit. lots of room to grow out there but I would head Dons warning. Kinda makes sense to listen to the guys who've got way more money than you and survived 40+ years of market turbulence yea?
0 Reply
- Alan F.
  Flipper/Rehabber · CA · Member since 2023 · 1k+ posts · 1k+ votes
  1y
  Quote from @Jacob Thorpe:
  
  Congrats on your success so far, consider joining a REIG out there, 50-70k on a refi is light work in Texas, especially if youre splitting costs JV with partners and inside the DFW, Austin, Houston triangle or anywhere along I35 between SA and DFW due to the current market out there with millions of people moving out of California and plenty of jobs moving in like Amazon, texas intruments expansion, and Tesla. Plenty of houses in growing neighborhoods built in the 30's-80's you can get for under 1/200k and refi at 250/300. Big spread out there for single family BRRR but with rising home prices you can rehab and refi and stick in a renter or two but that wont last forever when rates potentially come down next year and those potential renters will become DR Horton home owners when the money becomes cheaper. Also, I know some flippers who are making 250k on a sub2 in a few months, Id consider going to Austin and jumping in on the meet up circuit. lots of room to grow out there but I would head Dons warning. Kinda makes sense to listen to the guys who've got way more money than you and survived 40+ years of market turbulence yea?
  
  What's the PP on $250k margin?
  0 Reply
- Jacob Thorpe
  Lender · Lake Geneva WI, USA · Member since 2023 · 141 posts · 72 votes
  1y
  Quote from @Alan F.:
  
  Quote from @Jacob Thorpe:
  
  Congrats on your success so far, consider joining a REIG out there, 50-70k on a refi is light work in Texas, especially if youre splitting costs JV with partners and inside the DFW, Austin, Houston triangle or anywhere along I35 between SA and DFW due to the current market out there with millions of people moving out of California and plenty of jobs moving in like Amazon, texas intruments expansion, and Tesla. Plenty of houses in growing neighborhoods built in the 30's-80's you can get for under 1/200k and refi at 250/300. Big spread out there for single family BRRR but with rising home prices you can rehab and refi and stick in a renter or two but that wont last forever when rates potentially come down next year and those potential renters will become DR Horton home owners when the money becomes cheaper. Also, I know some flippers who are making 250k on a sub2 in a few months, Id consider going to Austin and jumping in on the meet up circuit. lots of room to grow out there but I would head Dons warning. Kinda makes sense to listen to the guys who've got way more money than you and survived 40+ years of market turbulence yea?
  
  What's the PP on $250k margin?
  
  no purchase price, theyre sub2, so theyre assuming mortgage or working out a stop forclosure default payoff whatever with the current owner it can be dynamic with each situation. and costs are roughly 40/50k for the rehab usually not super expensive all together, can get more expensive depending on situation but rehab usually isnt super expensive, theyre pulling out 250k because there is always some margin between current mortgage and the ARV. They really know what theyre doing and are a multi million dollar REIG very well established, well oiled deal flow. That was probably one of the more spectacular sub2's. costs 20/40 grand just to get in the door some of them.
  1 Reply
- Alan F.
  Flipper/Rehabber · CA · Member since 2023 · 1k+ posts · 1k+ votes
  1y
  Quote from @Jacob Thorpe:
  
  Quote from @Alan F.:
  
  Quote from @Jacob Thorpe:
  
  Congrats on your success so far, consider joining a REIG out there, 50-70k on a refi is light work in Texas, especially if youre splitting costs JV with partners and inside the DFW, Austin, Houston triangle or anywhere along I35 between SA and DFW due to the current market out there with millions of people moving out of California and plenty of jobs moving in like Amazon, texas intruments expansion, and Tesla. Plenty of houses in growing neighborhoods built in the 30's-80's you can get for under 1/200k and refi at 250/300. Big spread out there for single family BRRR but with rising home prices you can rehab and refi and stick in a renter or two but that wont last forever when rates potentially come down next year and those potential renters will become DR Horton home owners when the money becomes cheaper. Also, I know some flippers who are making 250k on a sub2 in a few months, Id consider going to Austin and jumping in on the meet up circuit. lots of room to grow out there but I would head Dons warning. Kinda makes sense to listen to the guys who've got way more money than you and survived 40+ years of market turbulence yea?
  
  What's the PP on $250k margin?
  
  no purchase price, theyre sub2, so theyre assuming mortgage or working out a stop forclosure default payoff whatever with the current owner it can be dynamic with each situation. and costs are roughly 40/50k for the rehab usually not super expensive all together, can get more expensive depending on situation but rehab usually isnt super expensive, theyre pulling out 250k because there is always some margin between current mortgage and the ARV. They really know what theyre doing and are a multi million dollar REIG very well established, well oiled deal flow. That was probably one of the more spectacular sub2's. costs 20/40 grand just to get in the door some of them.
  
  Big thanks Jacob, yeah I've read alot about sub to and learned from some on the forum. Seems they're best for flips instead of rentals. Out of my wheel house (at least for now)
  I've done two flips with +$200k margins, but lots of cash on my end lol, heavy value add in San Jose.
  Thanks again!
  0 Reply
Gabriel Watts
OP
Investor · TX · Member since 2021 · 53 posts · 59 votes
1y
Thanks man. but I think you misunderstood the spread. I'm making 50-75K profit.. as in that's what I get back after paying myself back for and still having the equity in the home, for example. Last deal I just finished this week. Purchased for 90, rehab/closing/holding costs 50K all in 140, House appraised for 284K. 80% cash out refi, bank hands me 227K when it only cost me 140 out of pocket, 87K tax free profit and still have the equity. I know that those markets well and you certainly are NOT making that in those markets lol. Flippers are struggling to make that much. But they will certainly see better appreciation than a market like Corpus which is why I'm trying to buy there as well.
0 Reply
- Jacob Thorpe
  Lender · Lake Geneva WI, USA · Member since 2023 · 141 posts · 72 votes
  1y
  Quote from @Gabriel Watts:
  
  Thanks man. but I think you misunderstood the spread. I'm making 50-75K profit.. as in that's what I get back after paying myself back for and still having the equity in the home, for example. Last deal I just finished this week. Purchased for 90, rehab/closing/holding costs 50K all in 140, House appraised for 284K. 80% cash out refi, bank hands me 227K when it only cost me 140 out of pocket, 87K tax free profit and still have the equity. I know that those markets well and you certainly are NOT making that in those markets lol. Flippers are struggling to make that much. But they will certainly see better appreciation than a market like Corpus which is why I'm trying to buy there as well.
  
  Hope the best for you
  0 Reply
- Joe S.Pro Member
  Investor · San Antonio · Member since 2020 · 3k+ posts · 3k+ votes
  1y
  Quote from @Gabriel Watts:
  
  Thanks man. but I think you misunderstood the spread. I'm making 50-75K profit.. as in that's what I get back after paying myself back for and still having the equity in the home, for example. Last deal I just finished this week. Purchased for 90, rehab/closing/holding costs 50K all in 140, House appraised for 284K. 80% cash out refi, bank hands me 227K when it only cost me 140 out of pocket, 87K tax free profit and still have the equity. I know that those markets well and you certainly are NOT making that in those markets lol. Flippers are struggling to make that much. But they will certainly see better appreciation than a market like Corpus which is why I'm trying to buy there as well.
  
  Where exactly and how are you finding these with such large spreads??? 🤔
  Any deal that a wholesaler brings me typically doesn’t have much meat left on the bone. I do some of my own marketing and buying deals with that kind of spread are very rare and this is not my first trip off the porch… i’m definitely ears. :-)
  0 Reply
- Gabriel Watts
  OP
  Investor · TX · Member since 2021 · 53 posts · 59 votes
  1y
  @Joe S. Deals arnt found, they are made! I actually buy a ton of the MLS. Do some marketing myself and buy from wholesalers. But like you said, not usually a ton of meat on the bones from them. But I do so well because I'm creative. For example that deal I described was a small 2/1 that sat on the MLS that had 1 picture listing that no one wanted because it's a 2/1 in a good area that no one was interested in. It was an estate. I got it for 60% of what it was listed for probably because no one even offered on it. Did an addition and made it into a 3/2 jacking up the ARV. If you go on my YouTube channel I actually break another very similar deal down from the get go. Show you the MLS listing, what I did to raise the value. And then the appraisal at the end. Think I made 76K on that one. It's like the 2nd video I posted. If you are expecting a wholesaler to bring you something with that kinda spread. It's not gonna happen lol
  1 Reply
Michael Goldberg
Investor · Member since 2020 · 32 posts · 33 votes
1y
This is awesome. Would love to connect and learn about your deals. One question: do you ever consider leaving more equity I. The deal rather than taking out the profit? I have had a similar experience in a BRrR but a little worried to have too much leverage. Congrats again!
1 Reply
- Gabriel Watts
  OP
  Investor · TX · Member since 2021 · 53 posts · 59 votes
  1y
  @Michael Goldberg I have considered it! And will most likely do so in the future. I've considered just bundling like 3-4 projects together and doing like a 50% LTV Heloc on them and use that cash to continue on. But the goal for 2025 was to create a good size cash pool to be able to take down some bigger MF deals that are coming up with all the discuss in the commercial space. And that plan is coming along just as projected. But will scale back on the leverage side and focus more on cash flow once I can lock up a larger MF project.
  0 Reply
Ken M.
Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes
1y
Quote from @Gabriel Watts:

Good Evening Everyone!

Crazy to think how much bigger pockets has changed my life but I have almost never get on the forums even though I listen every day. I was a Federal Agent for the Department of Homeland Security when I got into investing back in 2021. listening to Brandon and David on the podcast I fell in love with it all and dove right in. Started out buying small multi family thinking that was my best option, then I learned about the BRRRR process and now I am doing that at scale! we have about 3-4 BRRRR's a month going on now. a lot of people talk about a "perfect BRRRR" being when you get all your mom back out of the deal. that would be a WORST deal for me lol. I am profiting 50-75K on every BRRRR I do. looking to connect with more BP fans in Texas. Most of my portfolio is in Corpus Christi TX. I was able to step away from my job with DHS in 2023 and my real estate journey has taken off even more. I got my license in 2024 just to have MLS access. I Do represent myself on all my purchases if they are listed as well as I represent a couple of my buddies locally who are investors. Love to talk shop! I recently started a RE Youtube channel @investorplaywithgabe sharing all my on going projects and things Ive learned along the way! would be a great resource for someone just starting out or wanting to scale. I didn't come from money or a trust fund baby. I started with just money I had saved by house hacking renting my rooms of my rental out to other agents and saving every penny I could, no college degree and now have a portfolio valued in the 8 figures and have retired at age 31. Lets connect! if your looking to get into a new market or if you are in Texas! I am also expanding more into Houston and San Antonio areas as well.
Either a Guru in training or AI gone wild. :-)
0 Reply
- Gabriel Watts
  OP
  Investor · TX · Member since 2021 · 53 posts · 59 votes
  1y
  @Ken M. I'll take it as a compliment being compared to AI! Lol. Not a guru or influencer. Don't charge or try to charge for anything. Just out here sharing some of the things I've learned along the way that helped me grow and share the mistakes I've made along the way to be able to help someone like I wish I could have learned from someone else
  0 Reply
- Ken M.
  Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes
  1y
  Quote from @Gabriel Watts:
  
  @Ken M. I'll take it as a compliment being compared to AI! Lol. Not a guru or influencer. Don't charge or try to charge for anything. Just out here sharing some of the things I've learned along the way that helped me grow and share the mistakes I've made along the way to be able to help someone like I wish I could have learned from someone else
  
  Great! Entertain us, when you say "now have a portfolio valued in the 8 figures"
  
  I'm just looking for three numbers really
  
  1. Are you saying your portfolio is over $10,000,000 ?
  
  2. Are you saying your rents cover all mortgage payments, private lenders, taxes, insurance, HOA fees, vacancies, evictions, accounting, property management, repairs and maintenance? And pays your bills for you?
  (Man, that's great if it does)
  
  3. What is the equity position? If you were to sell each property and pay off all outstanding debts, including the 8% cost of sales it takes to cover real estate agents, taxes, capital gains, closing costs, "How much do you wind up with"?
  
  No Fuzzy Math allowed ;-)
  That is the one which actually matters
  
  2 Reply
- Gabriel Watts
  OP
  Investor · TX · Member since 2021 · 53 posts · 59 votes
  1y
  @Ken M.
  
  1. Yes
  
  2. Yes they do!
  
  3. highly leveraged on some, and I am licensed so my selling cost would be more like 4%. Some not as much leveraged as others. Seeing as I started this Journey with about 80K in a savings account owning no assets still renting a 1 bedroom apartment and now sitting over 7 figures of liquidity (yes, cash in the bank. True liquid) and about a little over 2M in equity. I'd say the math is working just fine! No Biden math here :)
  
  I didn't go deep into the numbers because I wasn't trying to boast or say oh look at me. Was just giving some context to my portfolio size. But since you asked!
  2 Reply
- Ken M.
  Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes
  1y
  Quote from @Gabriel Watts:
  
  @Ken M.
  
  1. Yes
  
  2. Yes they do!
  
  3. highly leveraged on some, and I am licensed so my selling cost would be more like 4%. Some not as much leveraged as others. Seeing as I started this Journey with about 80K in a savings account owning no assets still renting a 1 bedroom apartment and now sitting over 7 figures of liquidity (yes, cash in the bank. True liquid) and about a little over 2M in equity. I'd say the math is working just fine! No Biden math here :)
  
  I didn't go deep into the numbers because I wasn't trying to boast or say oh look at me. Was just giving some context to my portfolio size. But since you asked!
  
  As a gentleman, I won't ask for proof of course, but your post as likely as "whirled peas".
  Fun story, though. I'll give you that. Have a great 4th of July.
  1 Reply
- Don KonipolBusiness Member
  Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
  1y
  Quote from @Ken M.:
  
  Quote from @Gabriel Watts:
  
  @Ken M.
  
  1. Yes
  
  2. Yes they do!
  
  3. highly leveraged on some, and I am licensed so my selling cost would be more like 4%. Some not as much leveraged as others. Seeing as I started this Journey with about 80K in a savings account owning no assets still renting a 1 bedroom apartment and now sitting over 7 figures of liquidity (yes, cash in the bank. True liquid) and about a little over 2M in equity. I'd say the math is working just fine! No Biden math here :)
  
  I didn't go deep into the numbers because I wasn't trying to boast or say oh look at me. Was just giving some context to my portfolio size. But since you asked!
  
  As a gentleman, I won't ask for proof of course, but your post as likely as "whirled peas".
  Fun story, though. I'll give you that. Have a great 4th of July.
  Ken, I like you “smell a rat” when we see the following All together
  
  1. Brand new poster
  2. Limited experience in real estate
  3. Obviously trying to position themselves as next big guru through social media
  4. An announcement of “achievement/success adhering EXACTLY to one certain method and lacking ANY specifics.
  
  Now, I of course have no knowledge what so ever of anything this guy may or may not have done. So, the possibility exists that he’s just as he represents. But a bigger possibility exists that he’s either full of s__t; or has exaggerated, omitted, or fudged his track record.
  
  Mr Watts says he operates almost exclusively in Corpus Christi, and he only got his license “for access to MLS”. Well, first of all everyone has “access” to MLS since it open and on line. Second, the information about him as a real estate agent on line shows as if he’s a ACTIVE real estate agent, not someone who just happens to hold a license (like me).
  Doing a search of the Nueces County Appraisal District shows two properties owned by a Gabriel Paul Watts - one of which is his homestead (personal residence) and the other of which is a house valued at about $100,000. Of course, like many of us Mr Watts can be operating under an LLC or corp entity. Since he is encouraging people to watch his videos, and intends to "sell his expertise", and is using BP as a free advertising platform, I think it fair to ask Mr Watts to provide a minimum of information allowing anyone reading his posts to do at least some basic research as to the accuracy of his claims. So if Mr Watts would be willing to disclose the names of the LLCs in which he purchased all these properties, and the links to the Texas Sec of State filing where he's shown as the sole or managing member of the LLC, it would go a long way to his believability.
  Btw, when I see someone who says real estate has never fallen 50% in value ever not even in 2008, as Mr Watts did, my radar for BS goes sky high.
  Private Mortgage Financing Partners, LLC
  Website View Page
  6 Reply
- Jason Eyerly
  Real Estate Agent · Charleston, SC · Member since 2013 · 424 posts · 99 votes
  1y
  Quote from @Don Konipol:
  
  Quote from @Ken M.:
  
  Quote from @Gabriel Watts:
  
  @Ken M.
  
  1. Yes
  
  2. Yes they do!
  
  3. highly leveraged on some, and I am licensed so my selling cost would be more like 4%. Some not as much leveraged as others. Seeing as I started this Journey with about 80K in a savings account owning no assets still renting a 1 bedroom apartment and now sitting over 7 figures of liquidity (yes, cash in the bank. True liquid) and about a little over 2M in equity. I'd say the math is working just fine! No Biden math here :)
  
  I didn't go deep into the numbers because I wasn't trying to boast or say oh look at me. Was just giving some context to my portfolio size. But since you asked!
  
  As a gentleman, I won't ask for proof of course, but your post as likely as "whirled peas".
  Fun story, though. I'll give you that. Have a great 4th of July.
  Ken, I like you “smell a rat” when we see the following All together
  
  1. Brand new poster
  2. Limited experience in real estate
  3. Obviously trying to position themselves as next big guru through social media
  4. An announcement of “achievement/success adhering EXACTLY to one certain method and lacking ANY specifics.
  
  Now, I of course have no knowledge what so ever of anything this guy may or may not have done. So, the possibility exists that he’s just as he represents. But a bigger possibility exists that he’s either full of s__t; or has exaggerated, omitted, or fudged his track record.
  
  Mr Watts says he operates almost exclusively in Corpus Christi, and he only got his license “for access to MLS”. Well, first of all everyone has “access” to MLS since it open and on line. Second, the information about him as a real estate agent on line shows as if he’s a ACTIVE real estate agent, not someone who just happens to hold a license (like me).
  Doing a search of the Nueces County Appraisal District shows two properties owned by a Gabriel Paul Watts - one of which is his homestead (personal residence) and the other of which is a house valued at about $100,000. Of course, like many of us Mr Watts can be operating under an LLC or corp entity. Since he is encouraging people to watch his videos, and intends to "sell his expertise", and is using BP as a free advertising platform, I think it fair to ask Mr Watts to provide a minimum of information allowing anyone reading his posts to do at least some basic research as to the accuracy of his claims. So if Mr Watts would be willing to disclose the names of the LLCs in which he purchased all these properties, and the links to the Texas Sec of State filing where he's shown as the sole or managing member of the LLC, it would go a long way to his believability.
  Btw, when I see someone who says real estate has never fallen 50% in value ever not even in 2008, as Mr Watts did, my radar for BS goes sky high.
  
  Misery loves company and boomers hate the success of any newer generation. Let the man celebrate his success and brag. T Boone Pickins once said "The first million is the hardest". Regardless if you agree or want to nitpick markets and numbers and "when" he was in the market he's successful and he's done something right. Do you despise the corporations that were founded in the 30s and 40s because they came up "out of a recession"? It's harder to be successful now than it ever has been before in history, thanks to prior generations ruining secondary education, health care, social security, the economy, etc. As we say on Wall St. A bull makes money, a bear makes money, but pigs get slaughtered. There is money to be made in any market if you're smart.
  0 Reply
- Don KonipolBusiness Member
  Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
  1y
  Quote from @Jason Eyerly:
  
  Quote from @Don Konipol:
  
  Quote from @Ken M.:
  
  Quote from @Gabriel Watts:
  
  @Ken M.
  
  1. Yes
  
  2. Yes they do!
  
  3. highly leveraged on some, and I am licensed so my selling cost would be more like 4%. Some not as much leveraged as others. Seeing as I started this Journey with about 80K in a savings account owning no assets still renting a 1 bedroom apartment and now sitting over 7 figures of liquidity (yes, cash in the bank. True liquid) and about a little over 2M in equity. I'd say the math is working just fine! No Biden math here :)
  
  I didn't go deep into the numbers because I wasn't trying to boast or say oh look at me. Was just giving some context to my portfolio size. But since you asked!
  
  As a gentleman, I won't ask for proof of course, but your post as likely as "whirled peas".
  Fun story, though. I'll give you that. Have a great 4th of July.
  Ken, I like you “smell a rat” when we see the following All together
  
  1. Brand new poster
  2. Limited experience in real estate
  3. Obviously trying to position themselves as next big guru through social media
  4. An announcement of “achievement/success adhering EXACTLY to one certain method and lacking ANY specifics.
  
  Now, I of course have no knowledge what so ever of anything this guy may or may not have done. So, the possibility exists that he’s just as he represents. But a bigger possibility exists that he’s either full of s__t; or has exaggerated, omitted, or fudged his track record.
  
  Mr Watts says he operates almost exclusively in Corpus Christi, and he only got his license “for access to MLS”. Well, first of all everyone has “access” to MLS since it open and on line. Second, the information about him as a real estate agent on line shows as if he’s a ACTIVE real estate agent, not someone who just happens to hold a license (like me).
  Doing a search of the Nueces County Appraisal District shows two properties owned by a Gabriel Paul Watts - one of which is his homestead (personal residence) and the other of which is a house valued at about $100,000. Of course, like many of us Mr Watts can be operating under an LLC or corp entity. Since he is encouraging people to watch his videos, and intends to "sell his expertise", and is using BP as a free advertising platform, I think it fair to ask Mr Watts to provide a minimum of information allowing anyone reading his posts to do at least some basic research as to the accuracy of his claims. So if Mr Watts would be willing to disclose the names of the LLCs in which he purchased all these properties, and the links to the Texas Sec of State filing where he's shown as the sole or managing member of the LLC, it would go a long way to his believability.
  Btw, when I see someone who says real estate has never fallen 50% in value ever not even in 2008, as Mr Watts did, my radar for BS goes sky high.
  
  Misery loves company and boomers hate the success of any newer generation. Let the man celebrate his success and brag. T Boone Pickins once said "The first million is the hardest". Regardless if you agree or want to nitpick markets and numbers and "when" he was in the market he's successful and he's done something right. Do you despise the corporations that were founded in the 30s and 40s because they came up "out of a recession"? It's harder to be successful now than it ever has been before in history, thanks to prior generations ruining secondary education, health care, social security, the economy, etc. As we say on Wall St. A bull makes money, a bear makes money, but pigs get slaughtered. There is money to be made in any market if you're smart.
  You totally miss the point. How do you know the OP IS (or has been) successful? The point is that the story he relates, the way he relates it, and his obvious lack of real estate knowledge, all point to the possibility, or even probability that he’s grossly exaggerated, or even made up his “success”. We who have been playing in, working in, observing etc the real estate investment field for a lifetime have come to recognize signs of potential BS .
  
  Further, I have no idea how your rant about boomers “ruining secondary education, health care, social security, the economy, etc.” has ANYTHING to do with any of this, other than displaying your immaturity and lack of professionalism.
  Private Mortgage Financing Partners, LLC
  Website View Page
  1 Reply
- Ken M.
  Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes
  1y
  Quote from @Don Konipol:
  
  Quote from @Jason Eyerly:
  
  Quote from @Don Konipol:
  
  Quote from @Ken M.:
  
  Quote from @Gabriel Watts:
  
  @Ken M.
  
  1. Yes
  
  2. Yes they do!
  
  3. highly leveraged on some, and I am licensed so my selling cost would be more like 4%. Some not as much leveraged as others. Seeing as I started this Journey with about 80K in a savings account owning no assets still renting a 1 bedroom apartment and now sitting over 7 figures of liquidity (yes, cash in the bank. True liquid) and about a little over 2M in equity. I'd say the math is working just fine! No Biden math here :)
  
  I didn't go deep into the numbers because I wasn't trying to boast or say oh look at me. Was just giving some context to my portfolio size. But since you asked!
  
  As a gentleman, I won't ask for proof of course, but your post as likely as "whirled peas".
  Fun story, though. I'll give you that. Have a great 4th of July.
  Ken, I like you “smell a rat” when we see the following All together
  
  1. Brand new poster
  2. Limited experience in real estate
  3. Obviously trying to position themselves as next big guru through social media
  4. An announcement of “achievement/success adhering EXACTLY to one certain method and lacking ANY specifics.
  
  Now, I of course have no knowledge what so ever of anything this guy may or may not have done. So, the possibility exists that he’s just as he represents. But a bigger possibility exists that he’s either full of s__t; or has exaggerated, omitted, or fudged his track record.
  
  Mr Watts says he operates almost exclusively in Corpus Christi, and he only got his license “for access to MLS”. Well, first of all everyone has “access” to MLS since it open and on line. Second, the information about him as a real estate agent on line shows as if he’s a ACTIVE real estate agent, not someone who just happens to hold a license (like me).
  Doing a search of the Nueces County Appraisal District shows two properties owned by a Gabriel Paul Watts - one of which is his homestead (personal residence) and the other of which is a house valued at about $100,000. Of course, like many of us Mr Watts can be operating under an LLC or corp entity. Since he is encouraging people to watch his videos, and intends to "sell his expertise", and is using BP as a free advertising platform, I think it fair to ask Mr Watts to provide a minimum of information allowing anyone reading his posts to do at least some basic research as to the accuracy of his claims. So if Mr Watts would be willing to disclose the names of the LLCs in which he purchased all these properties, and the links to the Texas Sec of State filing where he's shown as the sole or managing member of the LLC, it would go a long way to his believability.
  Btw, when I see someone who says real estate has never fallen 50% in value ever not even in 2008, as Mr Watts did, my radar for BS goes sky high.
  
  Misery loves company and boomers hate the success of any newer generation. Let the man celebrate his success and brag. T Boone Pickins once said "The first million is the hardest". Regardless if you agree or want to nitpick markets and numbers and "when" he was in the market he's successful and he's done something right. Do you despise the corporations that were founded in the 30s and 40s because they came up "out of a recession"? It's harder to be successful now than it ever has been before in history, thanks to prior generations ruining secondary education, health care, social security, the economy, etc. As we say on Wall St. A bull makes money, a bear makes money, but pigs get slaughtered. There is money to be made in any market if you're smart.
  You totally miss the point. How do you know the OP IS (or has been) successful? The point is that the story he relates, the way he relates it, and his obvious lack of real estate knowledge, all point to the possibility, or even probability that he’s grossly exaggerated, or even made up his “success”. We who have been playing in, working in, observing etc the real estate investment field for a lifetime have come to recognize signs of potential BS .
  
  Further, I have no idea how your rant about boomers “ruining secondary education, health care, social security, the economy, etc.” has ANYTHING to do with any of this, other than displaying your immaturity and lack of professionalism.
  
  @Jason Eyerly: We old timers have seen a lot of "fake it 'til you make it", flash on the pan, all hat and no cattle, : crash and burn, It's a pity, But it's simple math and his math doesn't work nor does he show any proof / properties that could be a multiplier to make it work. We boomers like to see proof and hear truth.
  
  2 Reply
Alan F.
Flipper/Rehabber · CA · Member since 2023 · 1k+ posts · 1k+ votes
1y
Quote from @Gabriel Watts:

Good Evening Everyone!

Crazy to think how much bigger pockets has changed my life but I have almost never get on the forums even though I listen every day. I was a Federal Agent for the Department of Homeland Security when I got into investing back in 2021. listening to Brandon and David on the podcast I fell in love with it all and dove right in. Started out buying small multi family thinking that was my best option, then I learned about the BRRRR process and now I am doing that at scale! we have about 3-4 BRRRR's a month going on now. a lot of people talk about a "perfect BRRRR" being when you get all your mom back out of the deal. that would be a WORST deal for me lol. I am profiting 50-75K on every BRRRR I do. looking to connect with more BP fans in Texas. Most of my portfolio is in Corpus Christi TX. I was able to step away from my job with DHS in 2023 and my real estate journey has taken off even more. I got my license in 2024 just to have MLS access. I Do represent myself on all my purchases if they are listed as well as I represent a couple of my buddies locally who are investors. Love to talk shop! I recently started a RE Youtube channel @investorplaywithgabe sharing all my on going projects and things Ive learned along the way! would be a great resource for someone just starting out or wanting to scale. I didn't come from money or a trust fund baby. I started with just money I had saved by house hacking renting my rooms of my rental out to other agents and saving every penny I could, no college degree and now have a portfolio valued in the 8 figures and have retired at age 31. Lets connect! if your looking to get into a new market or if you are in Texas! I am also expanding more into Houston and San Antonio areas as well.

Congrats Gabriel! That's very some amazing scaling. Sure is a different between Texas and California lol
1 Reply
- Gabriel Watts
  OP
  Investor · TX · Member since 2021 · 53 posts · 59 votes
  1y
  @Alan F. Thank you! But I'm sure your portfolio is going to grow at a MUCH better pace then mine lol. All of mine is value add. I'll never get to see the appreciation you guys get out there. But for sure different markets!
  1 Reply
- Alan F.
  Flipper/Rehabber · CA · Member since 2023 · 1k+ posts · 1k+ votes
  1y
  Quote from @Gabriel Watts:
  
  @Alan F. Thank you! But I'm sure your portfolio is going to grow at a MUCH better pace then mine lol. All of mine is value add. I'll never get to see the appreciation you guys get out there. But for sure different markets!
  
  I sold my most of my rentals few years ago, it's been untenable landlording here. Still have 2 houses. Did some MTR for a couple years and went back to flipping. Did a couple of scrapes also. Im probably going to move out in a few years. My kids don't want to leave so that's the only reason ive stayed lol. Im sure you guys are really tired of Californians. FWIW,I'm pretty confident that Texas will surpass California in the future in many metrics. Im gonna watch your YT & thanks for your time!
  0 Reply
- Gabriel Watts
  OP
  Investor · TX · Member since 2021 · 53 posts · 59 votes
  1y
  @Alan F. I feel you on the landlording part! I'm originally from New York. I think that's why I didn't get started sooner. I watch a lot of my friends who owned rentals have horrible tenants. Staying 6-8 months without paying etc etc. Here I'll have them evicted and kicked out by the SO within 3 weeks. Do the evictions myself so no lawyer fees and only cost about 250 in court fees. But more importantly the people know that, so even if something comes up and they can't pay most times they will just leave without even saying anything. Would rather have that then someone living in my property for 6 months that I can't remove lol. Best of luck to you!
  1 Reply
Amy Widdis
Member since 2025 · 7 posts · 5 votes
1y
What an incredibly inspiring story to read. Congratulations!!
1 Reply
- Gabriel Watts
  OP
  Investor · TX · Member since 2021 · 53 posts · 59 votes
  1y
  @Amy Widdis thank you!
  0 Reply
Stephany Gibson
Member since 2025 · 6 posts · 5 votes
1y
Congrats. Your story provides the inspiration I need now that I am looking to do my very first fix and flip. Thank you for sharing.
1 Reply
- Gabriel Watts
  OP
  Investor · TX · Member since 2021 · 53 posts · 59 votes
  1y
  @Stephany Gibson thank you! And good luck with your first deal! I actually just shot a video for my YouTube channel tonight about that. It's the question I get asked the most is what I would do if i was to get started today from scratch.
  0 Reply
Lawrence Patterson
Member since 2025 · 3 posts · 4 votes
1y
Awesome! glad to hear about this inspires someone like myself. I'm a beginner just starting out looking for advice learning what investing is all about. I know studying and learning is the best way to grow. So that's where I'm starting thanks for your story stay blessed
1 Reply
- Gabriel Watts
  OP
  Investor · TX · Member since 2021 · 53 posts · 59 votes
  1y
  @Lawrence Patterson you got that right! That's what I did as well! I studied for a solid 6 months daily before I even submitted my first offer. That's why I made my YouTube channel. To help people show you that anyone can do it. Don't need some 20K a month guru or mentor. Just gotta put in the work yourself
  2 Reply
Julius VincentBusiness Member
Tax Strategist | CPA, MBA + Wharton FP&A | CFO-Level Planning · Houston, TX · Member since 2025 · 157 posts · 172 votes
1y
Thanks for sharing your story, @Gabriel Watts! Inspiring to say the least.

I'm in the Houston area if you ever want to link up and chat tax strategy.
[email protected]281-407-7353
Horizon Wealth & Tax Advisors511 Reviews
Website View Page
0 Reply
- Ken M.
  Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes
  1y
  Quote from @Julius Vincent:
  
  Thanks for sharing your story, @Gabriel Watts! Inspiring to say the least.
  
  I'm in the Houston area if you ever want to link up and chat tax strategy.
  
  A good accountant always checks the veracity of the information before certifying. I suggest you do that with this story. ;-)
  What constitutes good proof is addresses, closing statements, etc.
  
  0 Reply
- Julius VincentBusiness Member
  Tax Strategist | CPA, MBA + Wharton FP&A | CFO-Level Planning · Houston, TX · Member since 2025 · 157 posts · 172 votes
  1y
  Quote from @Ken M.:
  
  Quote from @Julius Vincent:
  
  Thanks for sharing your story, @Gabriel Watts! Inspiring to say the least.
  
  I'm in the Houston area if you ever want to link up and chat tax strategy.
  
  A good accountant always checks the veracity of the information before certifying. I suggest you do that with this story. ;-)
  What constitutes good proof is addresses, closing statements, etc.
  
  The CPA in me appreciates the request for documentation lol. Still, if it's true, always love seeing people succeed in this space.
  [email protected]281-407-7353
  Horizon Wealth & Tax Advisors511 Reviews
  Website View Page
  2 Reply
Aaron ZimmermanBusiness Member
Accountant · Chicago, IL · Member since 2018 · 2k+ posts · 1k+ votes
1y
Congrats on your success!!
[email protected]
Brick House CPAs53 Reviews
Website View Page
0 Reply
Isaiah Hall
Real Estate Agent · Houston, TX · Member since 2025 · 59 posts · 31 votes
1y
Awesome story, Gabe! Really inspiring to see how far you've taken things since 2021.I’m a new investor myself with one rental property and looking to eventually scale, so it’s always valuable to learn from those a few steps ahead.

I’m also a licensed agent based in Texas and work closely with other investors, so I definitely relate to the hustle behind sourcing deals and staying active.

I’m planning to check out your YouTube channel; it sounds like a solid mix of real-world insight and actual project breakdowns, which is always helpful no matter what stage someone’s at.

Would definitely be interested in connecting and talking real estate investing, especially since you're growing into the Houston and San Antonio markets.
0 Reply
- Ken M.
  Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes
  1y
  Quote from @Isaiah Hall:
  
  Awesome story, Gabe! Really inspiring to see how far you've taken things since 2021.I’m a new investor myself with one rental property and looking to eventually scale, so it’s always valuable to learn from those a few steps ahead.
  
  I’m also a licensed agent based in Texas and work closely with other investors, so I definitely relate to the hustle behind sourcing deals and staying active.
  
  I’m planning to check out your YouTube channel; it sounds like a solid mix of real-world insight and actual project breakdowns, which is always helpful no matter what stage someone’s at.
  
  Would definitely be interested in connecting and talking real estate investing, especially since you're growing into the Houston and San Antonio markets.
  Is this a fake post by the original poster? Or someone who can't read what experienced posters have already noted?
  
  Asking for a friend. ;-)
  1 Reply
- Don KonipolBusiness Member
  Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
  1y
  Quote from @Ken M.:
  
  Quote from @Isaiah Hall:
  
  Awesome story, Gabe! Really inspiring to see how far you've taken things since 2021.I’m a new investor myself with one rental property and looking to eventually scale, so it’s always valuable to learn from those a few steps ahead.
  
  I’m also a licensed agent based in Texas and work closely with other investors, so I definitely relate to the hustle behind sourcing deals and staying active.
  
  I’m planning to check out your YouTube channel; it sounds like a solid mix of real-world insight and actual project breakdowns, which is always helpful no matter what stage someone’s at.
  
  Would definitely be interested in connecting and talking real estate investing, especially since you're growing into the Houston and San Antonio markets.
  Is this a fake post by the original poster? Or someone who can't read what experienced posters have already noted?
  
  Asking for a friend. ;-)
  This one’s probably just a relatively new and naive lad
  
  Most of the time”rah rah” posts on this thread are from posters either brand new to BP or with relatively few posts. So it’s probably a combination of posters “set up” to comment by the OP AND legit albeit inexperienced people “wowed” by the claim with no understanding of the improbability of the claimed result.
  Private Mortgage Financing Partners, LLC
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  2 Reply
- Ken M.
  Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes
  1y
  Quote from @Don Konipol:
  
  Quote from @Ken M.:
  
  Quote from @Isaiah Hall:
  
  Awesome story, Gabe! Really inspiring to see how far you've taken things since 2021.I’m a new investor myself with one rental property and looking to eventually scale, so it’s always valuable to learn from those a few steps ahead.
  
  I’m also a licensed agent based in Texas and work closely with other investors, so I definitely relate to the hustle behind sourcing deals and staying active.
  
  I’m planning to check out your YouTube channel; it sounds like a solid mix of real-world insight and actual project breakdowns, which is always helpful no matter what stage someone’s at.
  
  Would definitely be interested in connecting and talking real estate investing, especially since you're growing into the Houston and San Antonio markets.
  Is this a fake post by the original poster? Or someone who can't read what experienced posters have already noted?
  
  Asking for a friend. ;-)
  This one’s probably just a relatively new and naive lad
  
  Most of the time”rah rah” posts on this thread are from posters either brand new to BP or with relatively few posts. So it’s probably a combination of posters “set up” to comment by the OP AND legit albeit inexperienced people “wowed” by the claim with no understanding of the improbability of the claimed result.
  And you are so nice about it.
  1 Reply
Daniel TanasaBusiness Member
Realtor · Houston, TX · Member since 2019 · 351 posts · 174 votes
1y
Quote from @Gabriel Watts:

Good Evening Everyone!

Crazy to think how much bigger pockets has changed my life but I have almost never get on the forums even though I listen every day. I was a Federal Agent for the Department of Homeland Security when I got into investing back in 2021. listening to Brandon and David on the podcast I fell in love with it all and dove right in. Started out buying small multi family thinking that was my best option, then I learned about the BRRRR process and now I am doing that at scale! we have about 3-4 BRRRR's a month going on now. a lot of people talk about a "perfect BRRRR" being when you get all your mom back out of the deal. that would be a WORST deal for me lol. I am profiting 50-75K on every BRRRR I do. looking to connect with more BP fans in Texas. Most of my portfolio is in Corpus Christi TX. I was able to step away from my job with DHS in 2023 and my real estate journey has taken off even more. I got my license in 2024 just to have MLS access. I Do represent myself on all my purchases if they are listed as well as I represent a couple of my buddies locally who are investors. Love to talk shop! I recently started a RE Youtube channel @investorplaywithgabe sharing all my on going projects and things Ive learned along the way! would be a great resource for someone just starting out or wanting to scale. I didn't come from money or a trust fund baby. I started with just money I had saved by house hacking renting my rooms of my rental out to other agents and saving every penny I could, no college degree and now have a portfolio valued in the 8 figures and have retired at age 31. Lets connect! if your looking to get into a new market or if you are in Texas! I am also expanding more into Houston and San Antonio areas as well.

Congrats on your success Gabriel, those sound like great numbers!
For my best BRRRR I have profited about 11k after refinance here in Houston. To buy the house and to profit 50 to 75k, those are numbers most flippers don't make. If you're able to do 3 to 4 of those a month, you have created a beast, keep doing what you do because that's hard to beat.
Happy to connect if you're ever in Houston Area.
Good luck!
0 Reply
- Gabriel Watts
  OP
  Investor · TX · Member since 2021 · 53 posts · 59 votes
  1y
  @Daniel Tanasa nice work man! I've been studying the Houston market for a year now. 11K profit on properties out would be a huge win! For Houston I was willing to buy as long as it was in a good area, I'd be happy with just getting my capital back out. What area in H town are you buying in?
  0 Reply
- Daniel TanasaBusiness Member
  Realtor · Houston, TX · Member since 2019 · 351 posts · 174 votes
  1y
  Quote from @Gabriel Watts:
  
  @Daniel Tanasa nice work man! I've been studying the Houston market for a year now. 11K profit on properties out would be a huge win! For Houston I was willing to buy as long as it was in a good area, I'd be happy with just getting my capital back out. What area in H town are you buying in?
  I mostly buy in the suburbs, Katy, Cypress, Spring, Kingwood and Sugar Land. Good areas, good schools and good appreciation.
  Yeah, for Houston, getting all your money out is a big win. Even leaving 10k to 15k is not bad if you buy a solid property in a good area.
  0 Reply
- Gabriel Watts
  OP
  Investor · TX · Member since 2021 · 53 posts · 59 votes
  1y
  @Daniel Tanasa for sure. I live in Katy. Those areas were the areas I've been looking. They will continue to grow. Just hard to pencil out and pull the trigger when I'm making so much more over here. I just end up buying more here lol. Have 6 projects going on right now here
  0 Reply
- Daniel TanasaBusiness Member
  Realtor · Houston, TX · Member since 2019 · 351 posts · 174 votes
  1y
  Quote from @Gabriel Watts:
  
  @Daniel Tanasa for sure. I live in Katy. Those areas were the areas I've been looking. They will continue to grow. Just hard to pencil out and pull the trigger when I'm making so much more over here. I just end up buying more here lol. Have 6 projects going on right now here
  
  That makes total sense. Seems like you found a wining formula there, just rinse and repeat.
  0 Reply
- Gabriel Watts
  OP
  Investor · TX · Member since 2021 · 53 posts · 59 votes
  1y
  @Daniel Tanasa for the moment! Eyeing some larger multi family in the HTX area for Q3. Something 10-40 units value add
  0 Reply
- Daniel TanasaBusiness Member
  Realtor · Houston, TX · Member since 2019 · 351 posts · 174 votes
  1y
  Quote from @Gabriel Watts:
  
  @Daniel Tanasa for the moment! Eyeing some larger multi family in the HTX area for Q3. Something 10-40 units value add
  
  Sounds good. If I have anything matching that description I will send it over.
  0 Reply
- Gabriel Watts
  OP
  Investor · TX · Member since 2021 · 53 posts · 59 votes
  1y
  @Daniel Tanasa sounds good
  0 Reply

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