Jacob Kline @jacobkline8
Developer/ Builder/ Fund Manager - Inkline Homes w/ 300+ deals completed 🤝🏼 St Augustine Beach, FL Joined April 2012-
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Hey $OPEN family 👋 When I checked into the Hyatt in SF last night, I had zero plans to meet with anyone at the company. I was here for other meetings. That all changed overnight. This morning, OPEN asked me to stay for the day. I dropped everything. Tonight I’m red-eyeing to…
$OPEN Army: We still still have demands: - We want Sydney to depart immediately for her EXCESSIVE 10b5-1 selling - We want Yang and other members of the mgmt team who want to stay to buy some meaningful amount of shares to them (in terms of their own after tax money being put to…
Founders can delegate everything except recruiting, fundraising, strategy, and product vision.
Make Rehabs at OPEN great again. Thx Jacob!
Sold ✅ 8 unit complex - 4 year hold After 4 good years of owning Masters Dr, it’s time to say goodbye! This is one of those deals, you wish you could buy 100 of them, simply an incredible return on investment. A cool bonus here, we sold the complex to a recovery based…
No pain no gain….definitely feeling the pain this past year. Will look back at this year as the time where we were forged by fire
I’m petty when it comes to business relationships Big talk & small delivery - noted Miss a detail - noted Complaining - noted The notes tell all, paint a clear picture of what people are and aren’t capable of. I used to push those thoughts down and tell myself “give them…
We’ve raised quite a bit of private money in the past couple years. After crunching the numbers I realized we could pay a 12% return to folks and still save some $ compared to using a traditional hard money lender. It’s truly a win-win, the investor gets a solid return backed…
Here’s how we analyze lots to purchase: 1. Do we want to build here? 2. Is it buildable? 3. What’s the projected sales price? 4. What are our costs? 5. Target profit margin 6. Calculate the offer Offer Formula: Sales price - Costs - Profit = Land offer
Debt ratio and risk! Thankfully we’re in a position now to sit around 50% debt and generate great returns. There have been times in the not so distant past, where we’ve been sitting at 80% debt. It was nessecary to drive fast growth. Now that we have investors aboard in…
‼️ They cleared the wrong lot ‼️ Funny enough this is not the first time our subcontractor cleared the wrong lot! It was clear as day in our site plans and we even had survey stakes on the property corners. Not exactly sure how they missed it, even the best subcontractors…
Why did I quit flipping and go full force into new construction? 🔒 Security 🔁 Predictability 📈 Scalability After sort of “maxxing out” the flipping model, we decided its time to level up!
We designed this house plan specifically for corner lots. Corner lots often require an additional setback on the “second front” yard. Here it’s 15’ as opposed to the typical 8’, so we needed to make the house plan more narrow to accomodate.
Building houses in 100 days does not happen without a rock solid process. When something goes wrong, we look at that as an opportunity to modify the process and prevent future issues. Its all an investment in the process. How does Chick Fil A deliver that same crispy chicken…
📣 Big Announcement 📣 Inkline Homes is now offering a Design & Build option for the general public! We have strictly built spec homes and remodeled our own properties, but after years of folks asking- here we are. I’m really excited to bring client’s dreams to life. More…
Can you believe this is what mobile home electrical outlets look like? We’ve replaced thousands of these things with proper housing secured to a stud. They really are pinching pennies in those MH factories
Everyone’s complaining about the real estate market! Well, not us- all of our builds have gone under contract in less than 7 days! We have a really good pulse on where the market is, and what it takes to sell. Simply put, I’ve found that we want to sell quickly, the…
My OCD is quite satisfied with this bathroom 🙏🏻
_ Eric Jackson @ericjaksonn
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