You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
DAVID FAUST<br />
CONSTRUCTING A RANCH REAL ESTATE CAREER<br />
WRITTEN BY LORIE WOODWARD<br />
David Faust constructed a ranch real<br />
estate career. “Most of my family were<br />
in construction-related businesses, so<br />
that was my background,” Faust, who<br />
founded Comanche Contractors Inc.<br />
a commercial construction company<br />
based in Houston in 1978, said. “I was<br />
working as a handy man for a real<br />
estate company when I was in college in San Marcos and the<br />
owner encouraged me to get my license.”<br />
Faust, who was majoring in business, did. Then acting on<br />
a tip from the broker who specialized in residential real estate,<br />
Faust secured his first ranch listing.<br />
“My boss came back from a Rotary Club luncheon where<br />
he’d overheard a local rancher say he was considering selling<br />
his ranch,” Faust said. “My boss gave me his name, his number<br />
and said, ‘Go see if you can get a listing.’”<br />
The rancher, according to Faust, had a soft heart and gave<br />
the fledgling ranch broker a 90-day shot. The next weekend Faust<br />
ran an ad in the Houston Chronicle touting “700-plus acres on the<br />
San Marcos River…”. The property sold in the first week.<br />
“It seemed like a pretty easy way to make money,” Faust<br />
said, laughing at his naiveté and the stroke of beginner’s luck.<br />
The early success, combined with his love of land, prompted<br />
him to maintain his real estate credentials even as he was<br />
tackling commercial construction projects across the country.<br />
His was not a small-scale construction business. During one<br />
eight-month period, he completed 28 Michael’s Arts and Crafts<br />
stores simultaneously in a geographic area running from San<br />
Diego to Sacramento. He and one construction superintendent<br />
oversaw all 28 projects.<br />
“Commercial construction is a high pressure, deadline<br />
driven, bottom line focused business,” Faust said. “And, yet, I<br />
built more than 1,200 projects in 30 years…I never got sued and<br />
I never sued anybody. That’s an accomplishment.”<br />
Although commercial construction was his primary trade, he<br />
handled real estate projects for family, friends, repeat clients<br />
and himself. After selling his construction business, he turned<br />
his attention to ranch real estate full-time.<br />
He works from his home office near Lake Travis and is a oneman<br />
shop by choice.<br />
“For 30 years, I oversaw multiple crews and lots of<br />
employees,” Faust said. “When I sold my construction business,<br />
I wanted no employees and no overhead.”<br />
The small scale of his business allows him to concentrate<br />
on the projects at hand and deliver personalized service.<br />
His lifelong experience in the construction industry gives<br />
him an innate understanding of the real value of a property’s<br />
infrastructure from both a market standpoint and replacement<br />
cost. While he enjoys representing parties on either side of a<br />
real estate transaction, he is drawn to the thrill of the hunt as the<br />
buyer’s representative searching.<br />
One time, he spent more than two years working on behalf<br />
of a client with a very specific list of wants and needs. The<br />
client wanted a good South Texas ranch with complete surface<br />
control, no energy production, no easements, no overhead<br />
transmission lines on the property or within sight, and no<br />
access to anyone other than him.<br />
“We found it. The windshield time was well spent,” Faust<br />
said. “While selling ranch real estate is a great profession, those<br />
12-14 hour days in a pickup can challenge your patience, your<br />
morale and your motivation, but as my uncle used to say, ‘You<br />
either got the fire in your ass, son, or you don’t.’ I’ve always had<br />
that fire, so I do what it takes to get the job done.”<br />
In addition to being highly motivated, Faust has an extensive<br />
network. A former commercial construction client provided the<br />
genesis for one of Faust’s most interesting land deals: the sale<br />
of the Senator Ranch properties in Madison, Brazos, Leon and<br />
LANDMAGAZINES.COM<br />
19