My First Investment House, What I Made, What It Cost Me, and Why I Will Never Do Everything Myself Again
That little fella in the pictures is me over 20 years ago on my first investment house.
I decided the master bedroom was too small and needed an upgrade. So I did all the work myself. Every bit of it. Because I was going to save every dime I possibly could and nobody was going to talk me out of it.
I made good money on that deal.
I also could not physically work for almost six months after I finished it. Hurt myself repeatedly trying to do everything alone and save every dollar. By the time I sold the house I had made a profit and destroyed my body doing it.
That was the beginning of a very long education in the difference between saving money and costing yourself money. The labor I thought was free had a price. I just paid it in ways that did not show up on the spreadsheet.
Twenty years and a lot of lessons later I do not do everything myself anymore. Not because I cannot. Because I know what it actually costs when I do.
Also I have learned that no man should ever wear Wranglers that tight. Some lessons come harder than others.
If you want to talk about what doing a project the right way actually costs versus what doing it yourself actually costs, let's talk.
📅 Book a free 15-min strategy call: calendly.com/jeph-reit
1999-
3-2-2 in Friendswood TX.
Master bedroom and bathroom addition and full home remodel.
Total investment into construction- $23,500.00
Total Profit- $76,000.00 (before closing cost and sales commission.)