From home inspector to owning a $15 million RE portfolio with Tommy Harr | Know your why #274

EPISODE SUMMARY:

Embark on a transformative journey with real estate visionary Tommy Harr, as we unravel his ascent from diligent home inspector to master of the housing market. Together, we traverse the landscape of Tommy's early days, where family roots in property maintenance laid the groundwork for his ambitious leap into property investment. With an infectious entrepreneurial zeal, he imparts the wisdom gained from direct involvement in renovations, teaching us that the true mortar of success in real estate lies in the hands-on approach and the pivotal influence of family.

Tommy's tale unveils the art of scaling a business, the criticality of starting when the stakes are less daunting, and the youthful courage to embrace risk. We dissect his strategic response to the COVID-19 crisis, where agility in marketing and an unwavering commitment to direct communication proved vital. His narrative is punctuated with personal triumphs, from easing his parents into retirement to the exhilaration of growing his own family, reminding us that the milestones that shape us are not just fiscal but deeply personal.

Closing with the profound realization that every empire begins with a single brick, Tommy inspires with his journey from grassroots to grandeur. His experience demonstrates the potency of setting attainable goals, persisting through adversity, and the momentum one gains as small victories snowball into remarkable success. Join us for an episode that not only celebrates Tommy's story but also equips you with the insight to carve your own path in the ever-evolving realm of real estate.

BIO:

Tommy is a 29-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.

GET IN TOUCH WITH :

https://www.tommyharr.com

https://instagram.com/tommyharr05?igshid=MWZjMTM2ODFkZg==

EPISODE CHAPTERS:

(0:00:00) - Real Estate Investing Journey Tommy Har shares his journey from home inspector to real estate mogul, discussing family influence, hands-on learning, and entrepreneurial spirit.

(0:03:20) - Start Young in Real Estate Guest shares journey in real estate industry, from inspections to marketing, lessons learned from first flip, and advantages of starting young.

(0:09:16) - Marketing Strategies and Adaptation During COVID Transitioning from digital to tangible strategies, over-delivering services, and utilizing technology and networking for successful marketing.

(0:13:00) - Pivoting and Structuring a Growing Business Adapting real estate practices during COVID-19, utilizing home inspection expertise, building a rental portfolio, and strategic hiring for efficient management.

(0:16:39) - Scaling a Real Estate Portfolio Challenges and strategies of scaling a real estate portfolio, hiring key personnel, local vs. long-distance investments, and using private capital for growth.

(0:27:05) - Retiring Parents and Starting a Family Family and career transitions, helping parents, marriage and expecting a child, past as a Division 1 soccer athlete.

(0:33:03) - Starting From Nothing Real estate and business success requires perseverance, support, education, and access to resources in a challenging industry.

(0:37:48) - Know Your Why Podcast Tommy shares insights on understanding purpose for success, with a 20% discount code for listeners. Support us by liking, rating, and reviewing.

If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara

Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/

Artist: http://audionautix.com/