All Forum Posts by: Harrison Jones

@Zachary Floto, for the past two years I've been preaching rent-by-the-room properties to investors who are predominantly focused on cash flow. Please let me know if you are interested in learning more about this unorthodox investment strategy. Moreover, why is house hacking not an option? If you are renting and paying for someone else's mortgage, then this strategy should be top of mind. 

*First investment property was a vineyard that we purchased with family.  Owned it for five years, made money when we sold it and have lots of great family memories.

*Biggest regret was selling a home that we bought a few years ago.  The mortgage was super low and it would be making good money for us now.  My husband wanted to keep it but I didn't at the time

*Biggest downfall (for my husband at least.lol) is that we have lost out on some good deals because I never make an offer on a property that my buyers would like.  They get first chance and if they don't like it then we consider it.  Drives my husband crazy!  He says that he is a customer too but I told him that doesn't count. I feel like my clients need to really know that I put their interests first which means that we have lost out on some really good deals.  But I have no regrets.

The good news is there is no right or wrong way to invest in RE (as long as you're making money). Regardless of your risk tolerance, there is a strategy that can work. 

Personally I quit my job and went full time. Having bills to pay and no paycheck coming is very motivating. 

First off, your investors don't just need properties. They need PROFITABLE properties. They want results, and you've got to have the nose for it. Dive into the market, understand what makes a property a goldmine, and get those insights. Your knowledge isn't just experience, it's currency!

Networking! Meet contractors, other investors, lawyers, accountants. Build that network so strong that you become the go-to guy. You want to be the one-stop-shop. Connect your investors with the right people, and watch the money roll in.

Educate yourself continually. There are seminars, webinars, masterminds. Get out there and absorb it all. Be the industry expert, and then leverage that expertise. Share that wisdom with your investors, show them you're the real deal.

Finally, be a beast with follow-up. Don't be the one that lets deals slip through your fingers. Be on top of everything. Your investors want results, not excuses.

You got this!