Good morning,
Kudos for checking email after feasting yesterday. This holiday week we will be hearing from a SF investor out of Texas – who has built an amazing portfolio of SF homes.
It is my pleasure to introduce you to Robert Hart!
How many doors do you have?
20
Editorial Note: Robert would like to share that he hates this question
What got you into real estate investing?
The idea that I can control my future, and not a CEO or board or general public shy away from a company to reduce it’s value. Along with better returns, and tax advantages.
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What market(s) do you operate in?
Dallas & Ft. Worth
How would you describe your portfolio?
All SF with the exception of one duplex
What are you currently buying?
Nothing, but always shopping
Tell us about your biggest mistake in real estate?
Not buying more early on. I was too conservative, due to my known lack of knowledge. I also took a break from buying about 6-7 years ago and paid off 4-5 props instead of continuing to invest.
Tell us about your biggest win in real estate?
Tough question. I have 3 that I can think of. One is the duplex. I have had it 12 years now (my first property) and I have 10x my money from that property.
I bought a house in March of 2020 when the world was shutting down. Guy needed to offload it, so I paid him 167k and put 15k into the house. Today it’s worth about 365k.
My most recent score is a burnout house that is two years old 2k square feet. I paid $75k for the house and after rehab I’m all in at 190k and it’s worth about 380k currently. I don’t sell these, I just pull my money back out and keep them.
Here are a few images of the burnt out house:
Outside of real estate what else do you invest in?
S&P500 and Apple stock
Books people should read before investing
Not necessary. Get a mentor and see what you have to do to buy them dinner once a quarter and watch a lot of youtube from OLDER guys.. Not the young guys. Many of the young guys just want to sell you something, the older guys want to just pass along the knowledge for part of their legacy.
What advice would you give to a new investor?
Be humble. Learn everything you can. Work with people you can disagree with and still be friends with them. Be objective when underwriting things. Pay no taxes and get a good CPA. Success will happen overnight but take 10-15 years.=)
Robbie Joe (@RENTSDU1st) / Twitter — twitter.com
Texas RE broker/RE investor/Get more than what you pay 4
Robert's Brokerage — www.hartoftexas.co
Search all area real estate for sale on one easy-to-use site. Including homes, condos, townhomes, land, and foreclosure properties for sale.
This week on the podcast
Short Term Rental Automation with Lauren K. Aumond — resilientrei.bio.link
This week we hear from Lauren K. Aumond on her experience with automation. Her tech stack allows her to operate her 9 property portfolio, run Adulting is Easy, and her W2!
Listen on Apple, Spotify & Google Play
Enough Business
Let’s all be thankful this week!
Monday’s Podcast:
Crack House vs Hoarder House with Tom Brickman
