Tommy Harr

I know people out locally. I've been exposed to the fact that it does work. I just suck. I need to figure out a different angle for this. So I went back home, moved in with my parents again at age 24, and I just reassessed. I spent my last couple of dollars on postcards, started wholesaling. That deal didn't, I got three calls from $800 worth of postcards.

I know people out locally. I've been exposed to the fact that it does work. I just suck. I need to figure out a different angle for this. So I went back home, moved in with my parents again at age 24, and I just reassessed. I spent my last couple of dollars on postcards, started wholesaling. That deal didn't, I got three calls from $800 worth of postcards.

One of them ended up being a deal that I couldn't sell. So I raised private money from a family friend, flipped that house and made 50 grand, split it 50-50 with her, and then moved on. But if you quit after that first one, it's done. You're over. And you wouldn't then now have, in my shoes, $20 million worth of real estate or flipped over 300 houses and wholesale over 300 houses.

One of them ended up being a deal that I couldn't sell. So I raised private money from a family friend, flipped that house and made 50 grand, split it 50-50 with her, and then moved on. But if you quit after that first one, it's done. You're over. And you wouldn't then now have, in my shoes, $20 million worth of real estate or flipped over 300 houses and wholesale over 300 houses.

It's just impossible. You got to keep going.

It's just impossible. You got to keep going.

Oh, transaction. And I'm always speaking from the eyes of somebody that has no money in the beginning because that's how I started. That's right. You have to start with your active income streams, wholesaling or flipping. Those are going to be the ways to buy rentals.

Oh, transaction. And I'm always speaking from the eyes of somebody that has no money in the beginning because that's how I started. That's right. You have to start with your active income streams, wholesaling or flipping. Those are going to be the ways to buy rentals.

But I think in the beginning, it's also good to learn all of the exit strategies because I have a finance degree from the University of Dayton in Ohio. They never taught me about debt. They never taught me about good debt. They never taught me about cashflow on assets. So as I was learning about this stuff, my mind was just open to this. Oh my God, this is crazy.

But I think in the beginning, it's also good to learn all of the exit strategies because I have a finance degree from the University of Dayton in Ohio. They never taught me about debt. They never taught me about good debt. They never taught me about cashflow on assets. So as I was learning about this stuff, my mind was just open to this. Oh my God, this is crazy.

You mean you can get debt on houses and people pay you rent and you pay that down and you make cashflow on it and they appreciate value. So when I learned that, I was like, this is the greatest fucking thing in the entire world. That's what I want long term. That's the way I'm setting up my family.

You mean you can get debt on houses and people pay you rent and you pay that down and you make cashflow on it and they appreciate value. So when I learned that, I was like, this is the greatest fucking thing in the entire world. That's what I want long term. That's the way I'm setting up my family.

But you will go broke fast in an interest rate environment like today, especially trying to just stuff rental properties into a portfolio. You have to have an accumulation phase and you have to have an active income stream to get you to that point. But five, probably 10 years, you look back and be like, that was cool.

But you will go broke fast in an interest rate environment like today, especially trying to just stuff rental properties into a portfolio. You have to have an accumulation phase and you have to have an active income stream to get you to that point. But five, probably 10 years, you look back and be like, that was cool.

I now can restructure debt and I don't really have to work as hard if I don't want to. You have to have a 10-year time horizon.

I now can restructure debt and I don't really have to work as hard if I don't want to. You have to have a 10-year time horizon.

Yeah. That's the stuff I fell in love with, man. Just the idea of reposition. I never understood repositioning the money too. Like the tax-free money you can get. And truthfully, I've been buying rentals for seven years now. Started with a house hack, then another house hack and just started accumulating. I'm not even to the repositioning phase yet.

Yeah. That's the stuff I fell in love with, man. Just the idea of reposition. I never understood repositioning the money too. Like the tax-free money you can get. And truthfully, I've been buying rentals for seven years now. Started with a house hack, then another house hack and just started accumulating. I'm not even to the repositioning phase yet.

I've just been accumulating these rentals knowing that in the future, now I'm stuck, air quotes, stuck on some debt that I bought, like some properties I bought in 19 to 21 that have amazing debt on them. And I struggle between, do I pull that out tax-free? But the stuff I have for the last four or five years,

I've just been accumulating these rentals knowing that in the future, now I'm stuck, air quotes, stuck on some debt that I bought, like some properties I bought in 19 to 21 that have amazing debt on them. And I struggle between, do I pull that out tax-free? But the stuff I have for the last four or five years,