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All Forum Posts by: Jason Harty

Jason Harty has started 5 posts and replied 42 times.

Post: Contractor that wants out of the Construction game!

Jason HartyPosted
  • Contractor
  • Long Island, NY
  • Posts 42
  • Votes 23

Awesome responses! I have considered that method of moving every couple years. My wife and I would like our current home to remain as a home base for a while. We have moved 6 times in the last 10 years juggling buying, selling, renting in between, living in temp housing while building, etc.. Frankly, we would like some stability. 

We consider getting into flipping homes to kick it off with the construction knowledge abd quite a few employees to make a reno very speedy as well as cost effective. 

Our end goal is cash flow, large assets, primarily commercial. Maybe flipping a handful of homes up front can generate some traction with getting into the game. 

Either way, I would definitely appreciate some guidance on leveraging our equity upon our homes completion. 

Post: Contractor that wants out of the Construction game!

Jason HartyPosted
  • Contractor
  • Long Island, NY
  • Posts 42
  • Votes 23

Hey everyone! 

My name is Jason Harty and I have been in residential construction for 17 years. I started my own company 6-1/2 years ago because my back was against the wall and its a skill that I possess. The past 2-1/2 years I have been on a journey of self discovery and searching for my purpose and life goals. I have set some lofty goals for myself and plan to get there through gratitude, selflessness, selfishness and love. 

I successfully flipped one home and used those profits in currently building myself a home for me, my wife and two dogs. The building process slowed with the rising material costs with the COVID inflation, yet we still press on. I have been using my own home building process to showcase our skills to attract larger projects along with higher class clients, it has been working. I am getting tired of working this industry as I study more and more about building a business and becoming and owner as opposed to an operator. My goal has been to have this company nearly self sustaining by 2023, sell it or keep as an asset. 

Real Estate has always been that shiny object to me that I wanted to dive into and create wealth so that my family is taken care of for the long term. From juggling clients and personalities over the last 17 years in my industry, I feel strongly that commercial real estate is the path for me. The self-storage and industrial buildings has been what is attracting me the most, though I am hesitant to jump in on any deals. 

My situation is as follows, and I am looking for guidance. 

In 6-8 months I will have likely $0 in the bank but nearly $600,000 in equity on the home I am building. "
My thoughts are to somehow leverage my equity to get into my first deal. 

OR 

I am in construction! Is there anyone I can help out there that is in the commercial/self-storage game that will be willing to guide me on these endeavors. I believe my construction knowledge can be beneficial to anyone who does not possess this particular background. 

Open to feedback and I am excited to meet many of you! 

-Jason Harty