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  1. Get Right

    How do you build a work ethic?

    Once you learn that these moments (walls) are what will ultimately make you a success...the sky will be your limit :) P.S. Those walls thin out the competition. I hope you learn to love them.
  2. Get Right

    Let's Build a Spec House!

    EXECUTION 
    Thanks for all the ideas @WJK ! I've owned my current single family house for 1.5 years now. The plan was to flip it at year #2. This will be my third flip to capitalize on the tax loophole. I planned on buying another single family but the multi-unit idea is intriguing. I have a piece of land...
  3. Get Right

    Let's Build a Spec House!

    EXECUTION 
    Thanks @Striver . I do need to shorten the build time. My houses are all on pilings so it takes a little longer but I would love to see 7-8 month builds. I will take your advice and see what I can do! Thanks again!
  4. Get Right

    Let's Build a Spec House!

    EXECUTION 
    With all due respect, your advice in this thread is nothing but negative. I find it hard to believe your "real estate coaching" will be successful if you continue to offer your cynicism with no constructive advice. I politely ask that you refrain from posting on this thread anymore.
  5. Get Right

    Let's Build a Spec House!

    EXECUTION 
    Interior trim and interior prep/painting.
  6. Get Right

    Change Begins with a decision to change

    MINDSET 
    That's pretty much my worst nightmare in pictures.
  7. Get Right

    Let's Build a Spec House!

    EXECUTION 
    Sorry, the house number doesn't correspond to the lot number. In this case, "house #2" was built on "lot #3" in this thread. Whenever I see a land deal I buy it and develop when the time is right. This lot was purchased in January of 2016. I put a decent amount of labor in on purpose (maybe 20...
  8. Get Right

    Considering starting an appliance repair service

    There is a lady that did the same thing in my town. She started fixing a few appliances and now has 3 or 4 locations. Sounds fastlane to me (if you set it up via the book).
  9. Get Right

    Let's Build a Spec House!

    EXECUTION 
    10 months of build time. I build three at a time though.
  10. Get Right

    Let's Build a Spec House!

    EXECUTION 
    Early in this thread I promised to show you the numbers, so here they are! These are from house #2 which I would consider repeatable. Sales Price: $532,000 Lot Cost: $44,450 Construction cost: $395,000 Closing Costs: $36,173 Interest costs: $14,241 Business costs: $6,000 Net Profit: $36,136 Net...
  11. Get Right

    Let's Build a Spec House!

    EXECUTION 
    That's very interesting. Did you sell the units individually (townhouse/condo) or keep them for the rental income?
  12. Get Right

    Circle of Life for the "Old Guy"

    INTRO 
    Nice intro Rex! You. Can. Do. This.
  13. Get Right

    Passive Income Robot - Death of Gurus

    GOLD! 
    This is the inherent problem (especially with service based business). I had this arrangement in my architecture firm. When we added project managers, the "small shop" idea started to suffer. The customers wanted me. So how do you transcend this? Not sure but my instinct tells me to build...
  14. Get Right

    How do you folks survive the "Arid Desert of Desertation"?

    Embrace the suck.
  15. Get Right

    Buying a already profitable business, now to due dilligence

    I run the P/L's against industry standards (if you can separate the income streams manually). If something is way out of whack, I drill down to find out why. I personally wouldn't run from a business with bad books but I would completely understand where the $ goes. You can also have an...
  16. Get Right

    should I go global or local?

    Sooo, your current ratio is 1:10M. If you go global (and assume a similar ratio) you would be looking at 750 customers. Is that how many you need to make this business work?
  17. Get Right

    The Chimera called 'Money'.

    MINDSET 
    I admire your ambitions but there are a few steps you need first. Step 1. From now on, every sentence you write needs to start with a capital letter. I'll provide step #2 if you master step #1.
  18. Get Right

    Let's Build a Spec House!

    EXECUTION 
    Thanks JScott This is interesting. In the past I've needed to market heavy to sell my products/services. This particular business appears to not need it. I won't need any of the things above to hit my goal but perhaps my goal was too low.
  19. Get Right

    The Chimera called 'Money'.

    MINDSET 
    What a garbage post. OP - please ignore the above "advice".
  20. Get Right

    Let's Build a Spec House!

    EXECUTION 
    Hey Guys! I have a question and I need your help! Background - So the spec home business is doing pretty well. I have plenty of houses in the pipeline mixed with a few custom builds. Everything is working and scaling nicely. I've done so without any marketing (I don't even have a webpage), a...

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