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All Forum Posts by: Mike Reynolds

Mike Reynolds has started 31 posts and replied 2029 times.

Post: Hello, my name is Logan and

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164

Welcome Logan. I know Texas from San Angelo to Louisianna. Also know Arkansas. If I can help just let me know. 

Post: How can I find more 100M+ real estate development projects?

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164
Quote from @John O'Keefe:

Thank you for the response Ronald, however we are not focused upon residential, at this time. I will keep your project in mind, should this change. 

The sectors we are interested in are healthcare, casinos, resorts, and large urban redevelopment projects ( mixed use ).


 You would be hard pressed to find billion dollar healthcare at this juncture. I build at this level and below and have yet to find this level post-covid for healthcare. I am sure it will happen some day in the future but not now. Right now there are a LOT of value add centers that are being bought up but I dont see any improvements as of yet. I see hospitals with dead wings that "someday" we will call you to fix up. 

Hospitality has dried up somewhat too. But since Airbnb has went to the consumer side, it may pick up a bit. The Katy Texas project should get started soon. When it does, we will be there for that. Again, Covid woes.

There was a 5 billion dollar project in New Braunfels Texas about 8 years ago the inspection board told me about. A company from Australia. It didnt pan out but would have been a winner back then, It was supposed to be a city within a city in Creekside. They bought a cornfield and was ready to go. Dont know what happened though. Still waiting for that one. 

Post: Seeking East Texas/Distance Peer Accountability / Growth Group

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164
Quote from @Michael Leland:

Greetings,

I'm starting out in REI with a goal of commercial properties but ultimately seeking a foothold to get started.

I've looked into my local area, Nacogdoches, TX, and not found much in the way of active REIAs, meet ups, etc.

I absolutely cannot wait to grow to the point where I can devote some funds towards masterminds and other various networking and coaching groups. I think the return there will be phenomenal. "Surround yourself with those who are only going to lift you higher."

So for now and until I put in the work to get noticed, I really just want to be able to talk with like-minded peers as I start my journey.

I'd like to have a few contacts to text with, call, zoom, etc so we can: build each other up, have a sounding board, reality check, hold accountable, and grow together. I'm so enthusiastic about this and I don't have many people who would appreciate my energetic sharing.

I'm also always looking for opportunities to build mentoring relationships. I truly believe in bringing value to others to move us all forward.

Any other crazy-motivated novices open to this?

Any experts need some problems lifted off their shoulders?

Thank you for your consideration!


 Sounds great. Pm me and we can talk. There are a few others in here in the area that probably will too. 

Post: Inexpensive construction websites

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164
Quote from @Eli M.:
Quote from @Mike Reynolds:

Unless you are buying in bulk there is not much of a chance. 


 Thank you! In a case, I am ready to buy in bulk, where would you recommend should I go?

Thanks


 You can go right to your local lumber yard if you are doing it on a job by job basis. They will cut you a deal if you tell them you will be buying  large amounts every month. Otherwise you would have to buy wholesale. Back when Cellulose insulation was the thing I bought by the train load. I could buy and install insulation cheaper than you could buy it retail. I installed a lot of it too. About 15% above retail prices. Who is going to get in a hot attic for 100 bucks when someone else can do the same thing? 

Post: DIAY! What licenses should I get to really do it ALL myself?

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164
Quote from @Jessica James:

After a pipe broke in the attic of my two story multi-home, I faced a lot of issues with my general contractor and plumber in particular. Leaks still prevalent in pipes and refusing to fix them, contractors worker and his family squatting in my home without my permission, and lazy work done to finishes of the home. It was a nightmare to say the least and I had to figure out a lot of stuff to fix the problems myself.

I like to think of myself as someone who isn't afraid of getting down and dirty and doing the hard work. Someone who wants to know everything I can about the things I love, including real estate and home the systems in a home work. As a new Realtor and someone who plans to buy and house hack many more multi-units in the future, I'm thinking about instead of using my GI Bill for a Masters, perhaps getting certified in multiple trades to further my education on electricity, plumbing, HVAC, and building. Even if I'm not the one who originally has to build a home from the ground up, I want to know the basics of how to do things myself or at least know enough to check and make sure things are done correctly.

Any thoughts or suggestions from anyone who feels like they have a great amount of knowledge about what goes into a home and any licensing they suggest is the most important? Or how to go about getting certified? Personal experiences dealing or feeling similar to me after a bad experience with several "professionals"?


 I think in California you need a license just to get out of the truck with a hammer.

Just kidding of course. I have nothing against Cali. 

I get the frustrations. I now do large commercial and industrial contracting. The area where "all" the bonded, insured are "professionals". It is just a pipe dream and the reality is you have hacks no matter the level. From handyman to international mechanical contractor. I think it is great that you want to do more. Even if you choose to step away later, the knowledge you will have gained will be priceless. The reality is you just need better contractors though if you are just tired of how you are being treated and want to use your time for other things that need doing. 

But if you figure out how to hire a good sub 80% of the time you could make a fortune on classes. Sign me up. 

Post: Insulating garage ceiling

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164

Spray foam in the rafters will probably do it. It is hard to say without knowing more info though. Where do you live? Hot/humid or cold/clamy? These kinds of things would help us out to really get you a better answer. 

Post: Inexpensive construction websites

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164

Unless you are buying in bulk there is not much of a chance. 

Post: Need a new roof on my single family rental property

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164

I am a fan of metal roof. My personal house is 35 years old and still in good shape. Plus I get a 400 dollar a year discount from the insurance because I have a metal roof instead of a shingle roof. 

35 X 400 = $14,000

Also, I used to have a roofing company so I put it (and many thousands of squares from Texas to Florida) on myself. 

It will cost you more upfront though. 

Post: Wholesale Vacant Land in Nacogdoches, Tx

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164
Quote from @Ashley Capello:

Hi All,

I have a lead on someone that is considering selling around 45 acres in Nacogdoches, Texas. The land is mostly cleared, has three ponds, approximately 5 acres are hay, and is a mix of red clay and dark soil. He wanted to know what I could offer him and I am not sure where to start. Based on some research I've seen that lots that size in that area are going for 5k-8k (with outliers going for more and less, of course). I know the negotiation idea of getting them to say a price first, but this man is just considering selling and I would like the practice anyway of determining the numbers. 

I'm looking for advice on how to come up with a fair offer on vacant land and what sort of questions I should be asking a seller when working with just land. I asked about if the land was cleared or wooded and soil types, but I don't know what else I should be looking for in vacant land conversations.

Thank you,

Ashley


 I live in the area and the answer is, it depends. It depends on the part of the county it's in. 

Appleby, Central Heights, it will go for more. Woden, lake area a little less. Douglas area about the same as Woden. Cushing area the least. 

i would say 350 ish but that's just a very wild guess. 

Post: Need help replacing a door knob

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164
Quote from @John McAllister:

@MIKE 

@Mike Reynolds I ended up using JB weld puddy to hold in. 

I think in the next couple of months I am going to replace the door like you said as is cheaper the doorknob. 



Yeah, the problem with those types of locks are they are not standard sized. You might mortise out 5 inches or you might have to mortise out 10 inches. I did a custom job with mortise locks where money was no object. They paid 300 for the locksets and paid a locksmith to mortise them out. The locksmith charged 400 a door because it is a specialized tool to do it in the field. That's 700 dollars just for a lockset.