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Tommy Harr

đŸ‘€ Person
156 total appearances

Appearances Over Time

Podcast Appearances

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

So if you're in a job right now, what can you take out of that to go into real estate investing and crush? For me, it was home inspections. So I was learning a real trade that nobody can be taken from me. And the common theme is houses. And the thing that wholesalers and sometimes even flippers miss is the fucking house. Like, how is that?

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

So if you're in a job right now, what can you take out of that to go into real estate investing and crush? For me, it was home inspections. So I was learning a real trade that nobody can be taken from me. And the common theme is houses. And the thing that wholesalers and sometimes even flippers miss is the fucking house. Like, how is that?

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

And that's kind of the light bulb in my head was like, these people don't know anything about houses. This is crazy. So it was kind of just this light bulb that everybody was coming to their GC or their inspector or their realtor to help them talk about the house, but they learned the marketing, the sales, but the house was the big piece that they were missing.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

And that's kind of the light bulb in my head was like, these people don't know anything about houses. This is crazy. So it was kind of just this light bulb that everybody was coming to their GC or their inspector or their realtor to help them talk about the house, but they learned the marketing, the sales, but the house was the big piece that they were missing.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

So I was like, oh, this is the angle I'm going to take. I'm going to run with this. And this is going to be my differentiator, but it has to, it takes time to build that. Like I was a terrible real estate investor for three years. I was just fumbling around. I didn't, I didn't have a mentor at the time. I just was thought I could do it on my own.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

So I was like, oh, this is the angle I'm going to take. I'm going to run with this. And this is going to be my differentiator, but it has to, it takes time to build that. Like I was a terrible real estate investor for three years. I was just fumbling around. I didn't, I didn't have a mentor at the time. I just was thought I could do it on my own.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

And had I had a mentor when I first started, I would be way ahead of where I'm at now. And I wouldn't have lost a hundred grand my first flip because they would look me in my eyes and said, Tommy, you're an absolute idiot if you buy that deal. So it's just the more, you know, believing in things, believing in yourself and also having somebody get you over that hump.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

And had I had a mentor when I first started, I would be way ahead of where I'm at now. And I wouldn't have lost a hundred grand my first flip because they would look me in my eyes and said, Tommy, you're an absolute idiot if you buy that deal. So it's just the more, you know, believing in things, believing in yourself and also having somebody get you over that hump.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

It's usually an ego thing. Like your, your situation is not unique to everybody else in the world. Like somebody has been where me and you have both been at. Cause I'm in the same position as you. And I'm like, okay, can we go fumble around and figure this out ourselves? Sure.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

It's usually an ego thing. Like your, your situation is not unique to everybody else in the world. Like somebody has been where me and you have both been at. Cause I'm in the same position as you. And I'm like, okay, can we go fumble around and figure this out ourselves? Sure.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

But why not just lessen the learning curve and go pay somebody for their time that can say, do this, this, this, this, and it'll get you to the next level. Right. But you actually like, there's two different people. They, they pay for it and they don't implement it. And there's like, oh, okay. But then there's people actually take heed to the advice and they run with it.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

But why not just lessen the learning curve and go pay somebody for their time that can say, do this, this, this, this, and it'll get you to the next level. Right. But you actually like, there's two different people. They, they pay for it and they don't implement it. And there's like, oh, okay. But then there's people actually take heed to the advice and they run with it.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

And those are the people that continue to grow. Yeah.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

And those are the people that continue to grow. Yeah.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

Yeah. And in the beginning of somebody's journey, if somebody's brand new here listening, It does work. That was the thing that got me through the first failure. And one, I'm not afraid of failure still. I still fail all the time. I still have deals that lose money. I mean, we talked about that when we were together last.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

Yeah. And in the beginning of somebody's journey, if somebody's brand new here listening, It does work. That was the thing that got me through the first failure. And one, I'm not afraid of failure still. I still fail all the time. I still have deals that lose money. I mean, we talked about that when we were together last.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

800.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

800.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

So if it is 800 episodes and everybody on there is a successful real estate investor... That you you just suck at what you're doing now or you've not been in it long enough. So reassess what you have going on and do it better. But don't quit because this this this vehicle does work. And that was my mindset after that. I was like, OK, I know real estate works. I've seen it.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

So if it is 800 episodes and everybody on there is a successful real estate investor... That you you just suck at what you're doing now or you've not been in it long enough. So reassess what you have going on and do it better. But don't quit because this this this vehicle does work. And that was my mindset after that. I was like, OK, I know real estate works. I've seen it.