All Forum Posts by: Jonathan Harris

@Bobby Gerry

These are some pics I took late last week of the current rehab in progress. All of these pictures are from the same angle as the originals before we touched anything.

You notice we removed the wall that was on the right side as you go from the living room to the kitchen. This really opens up the space a lot.

Really like the floor as well as the wall that has been removed.

Tile currently being installed.

Flooring and painting in the hallway.

Cleaned up this room, painted and working on trim.

Master bedroom has been painted and the trim is currently being painted and waiting to be installed.

Back room painted

Backyard is cleaned up a good bit. We trimmed the bushes in the back and sides of the yard, drained the pool and refilled.

Overall things are moving nicely. Should be finished up very shortly. We would love to hear feedback from you guys. Thanks.

JH

Updated pics coming this evening or tomorrow.

Count me in.

JH

Brad,

Structuring of partnerships varies by individuals. My opinion on this though would be to offer much less to your friend in way equity. Most of the work, risk and expertise is falling to you and your brother. You guys are finding the deals, analyzing them, funding them and selling them. You guys are doing the most difficult parts with the most value while carrying all the risk. I would suggest offering 20-25% tops to your friend. You can find find contractors that can do the work and not take your equity. The caveat is finding one you can trust to do good work and at a good price. Just my two cents.

JH

Thanks Belinda. Put me on the calendar to give that class on Feb 7th 2017. Let's make a date of it.

JH

Business and Investing

Let me preface my thoughts by saying that I am in no way an expert in investing in real estate. There, now that we have that out of the way we can move forward with the discussion. I recently had a discussion with a friend, a friend who is very successful in his corporate job, a friend who is very smart and business savvy. This friend, upon hearing about our most recent venture of starting a real estate investment company, asked if we had done research on the number of persons/companies who had set out to do the same thing and their success/failure rate. This simple question, and the conversation that followed, made me realize a few things.

1.Not everyone is up for taking risks.

2.Not everyone, no matter their corporate background or how intelligent they are, is cut out to own and/or run a business.

3.Some people seem to be looking for validation of why NOT to pursue their ideas or passions.

4.Some people are perpetual students and never make the leap from knowledge to application.

There is absolutely nothing wrong with any of the above realizations…..unless that is you are actually going to ACT. Let’s now look at the counters to the above realizations.

1.Life, at its very basic core, is about risk. It’s about managing risk, being employed by someone else is taking a risk. The risk is they could fire you tomorrow or sell the company to someone with a much different vision.

2.There has to be those who fill other roles as well, whether it's a hard money lender, private lender, or even a valued employee.

3.I think it’s prudent to do due diligence on any idea or venture however, if you focus on only the negatives then you’ll never start anything.

4.While having the knowledge needed and wanting to obtain more is great, one can also fall into the state of paralysis by analysis. You have to step outside your comfort zone at some point and do it.

I look at real estate investing like I would any of my other ventures and that is it's a business and it needs to be treated as such. To me, it's not a hobby or fad. Good job and continued success to all the doers out there and to the rest what are you waiting on or better yet what is holding you back. @David J. @Sam Craven @Bobby Gerry @Will Barnard @Brandon Modisette@Jon Klaus @Brad Kormash @Belinda Lopez @Chris Bounds @Kathy Fettke @Tom C. @Scott H. @Greg Meech @Joshua Dorkin

Happy Investing,

JH

Jeff,

Stewart Title is in The Woodlands and we have used First American Title. It looks like First American has a branch in Conroe, but I don't have any experience with that branch. We have used the one off of Cypresswood.

JH

Good deal @Brad Kormash look forward to meeting you.

Joe,

Was that an arcade machine in the living room in the before pics? If so that is an automatic $20k add. Haha. Looks good, congrats.

JH