Tj Harris

Buy & hold RE investor 33 doors🏡 25 yrs old

[Tj Harris @TjharrisRE]

Buying this 10 unit this month, units are under rented by roughly $300 a month per unit.
Needs roughly $5k per door to turn over to market rents.
PP $950,000
Just appraised for $1,200,000

The goal is turn over the units and refi in 2-3 years. Looking good so far!

[Paul S @Psychotropix]

One thing I learned doing this 💩 is that you can’t please everyone. Not everyone will be in favor of you or want to see you grow.

Everyone will have a opinion of you one way or another; sticking true to what got me here is the only way I know.

Success breeds resentment.

[Tj Harris @TjharrisRE]

Don’t post much on here but figured I’d post a YTD update, weird market this year.
Picked up a 12 unit value add that officially made me a Multimillionaire

Scooped a turn key rental house that I shouldn’t have any cash in after refi

But most exciting one is this 4 unit ZLL build I’m FINALLY about to break ground on. Plan to build to rent, we will see how things shake out.

Excited to see what all 2025 holds, hopefully more development.

[Elon Musk @elonmusk]

I fully endorse President Trump and hope for his rapid recovery

[Tj Harris @TjharrisRE]

@buildnbluegrass @joeyremodels

[Tj Harris @TjharrisRE]

@DonovanBuilds The goat

[Tj Harris @TjharrisRE]

@N8RealEstate Nice! We should connect!

[Tj Harris @TjharrisRE]

@realEstateTrent 1 billion

[Tj Harris @TjharrisRE]

@sweatystartup @scovingtoniii let’s all get a round at the CCC

[Tj Harris @TjharrisRE]

@scovingtoniii Stop hating on my next deal

[Nick Gerli @nickgerli1]

Mortgage rates back to 7%.

Meaning that the cost to buy a house in America is now approaching $2,700/month when including mortgage, tax, insurance, and maintenance.

Meanwhile, cost to rent is $1,850.

Biggest gap we've ever seen. Something has to break.

[Tj Harris @TjharrisRE]

@scovingtoniii Don’t tweet about me

[Elon Musk @elonmusk]

This is my finest work – please add to gravestone along with “invented car fart”

[Tj Harris @TjharrisRE]

@tommywarboys 20😔

[Tj Harris @TjharrisRE]

3 week turn over, here’s some pics

This ones a free house, here’s how ⬇️⬇️⬇️
Purchase price $115,000
Remodel $25,000
All in for $140,000 cash

Appraised for $217,000
65% LTV refi pulled at $141,000
$0 cash in, rents projected $1395 should net $150 a month
#brrrrstrategy

[Tj Harris @TjharrisRE]

@scovingtoniii So I guess I’m the side chick now

[Tj Harris @TjharrisRE]

All in cost $80,000
Refi $91,000
Yearly CF $2,856
Money invested $0
Profit on refi $11,000 tax free (;

I’ll take 20 more of these deals this year please.

[Tj Harris @TjharrisRE]

This is what buying deals at 50 cents on the dollar looks like.

Here’s how I made $10,000 net tax free without selling this house and net $3,000 a year in cashflow, without having a single dollar of my money tied up!
Check it out⬇️⬇️⬇️

[Tj Harris @TjharrisRE]

My bank terms are 70% LTV
7.5%
30 year AM
5 year fixed
Appraised value was $130,000
Loan amount $91,000
Total monthly expenses $862
Rent $1100
Net Monthly CF $238