Tommy Harr: Build a $15M Real Estate Empire - Insights on Flipping, Wholesaling, and Scaling a Profitable Business

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5M ago 30:33

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Tom, a 30-year-old home inspector turned real estate investor born and raised in Pickerington, Ohio. By the time he was 27 he was financially free and a millionaire through real estate investing, starting with $0 in his bank account! All because he learned a blue collar skill and took action to invest in real estate, specifically fix and flipping, wholesaling, and the BRRRR Method!

He's been in real estate for 7 years. After college, he jumped full time in his Dad's home inspection company. During that time he'd 5x revenue, systemized the business, and inspected over 5000 houses. Using that knowledge, he has renovated over 150 houses to flip OR to keep as rentals using the BRRRR method. He has wholesaled 200+ deals, have a 70-unit rental portfolio worth $15 million, and 25 STRs managed in house all alongside Andy. He was featured twice on Business Insider in 2022. Have coached over 300 students nationwide on how to invest in real estate.

He retired his mom from her teaching job of 30 years in 2022 to run his Airbnb company, sell all of their flips, and design all of their renovations!

During the show we discuss:

Implementing Systems To Scale Family Business And Translating Them Into Real Estate Ventures.
Deciding Between Flipping A Property Or Keeping It As A Rental Using The BRRRR Method.
Managing Renovation Costs And Ensuring Profitability On A Flip.
Finding Profitable Wholesale Deals And Building A Reliable Buyers List.
Managing Cash Flow In A Fix-And-Flip Business, Especially With Time Gaps Between Purchase And Sale.
Utilizing Financing Options Such As Traditional Loans, Hard Money, Or Private Investors For Flips And Rentals.
Avoiding Common Mistakes Made By New Investors In Fix-And-Flip Or Wholesaling.
Mitigating Risk In Fluctuating Markets And Ensuring Long-Term Profitability.
Scaling A Wholesaling Operation Effectively.

Show resource/s:

https://realsidecommunity.com/

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