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Meet Raymond Harvey of Harvey Home Investments in Willowbrook/ Compton

Today we’d like to introduce you to Raymond Harvey.

Raymond, can you briefly walk us through your story – how you started and how you got to where you are today.
I was raised in Compton/Watts, CA. I am the youngest of four siblings. I grew up in a close-knit family with two great parents. It was instilled in us at a very young age to work hard and never expect any hand-outs. Growing up, I can remember being given allowance for doing different chores at the house. I have never felt 100% confident in asking my parents for any unearned money. Also at a young age, I got a glimpse into entrepreneurship from my parents. As a “side-hustle”, my Mother would sell baked goods to family, friends, and coworkers. Also, my Father owned and operated an automobile bumper business.

My real estate journey started when I was 19-20 years old at Compton Community College, CCC. My Mother and Brother had taken the real estate courses at CCC years before I arrived. They both shared positive experiences from the courses. Following in their footsteps, I enrolled in RE Practices, Principles, and escrow courses. I was immediately intrigued. However, I didn’t immediately get my RE license after completing those courses. I had recently received a promotion from my employer at the time, and I was due to graduate and transfer back to California State University, Dominguez Hills. However, my RE teacher at CCC always talked to me about buying real estate and investing. He emphasized the importance of buying units back then because not only are they affordable, they would pay for themselves. This was around 2011/2012. After graduating and transferring back to Dominguez Hill University, I got pre-qualified and started looking for units. I was around 22-23 years old at this time.

By the grace of God, my Wife’s diligence (who was my girlfriend at the time), and a persistence Real Estate Agent, we closed on a duplex in Willowbrook, CA when I was 24 years old. (Fun Fact: I proposed to my wife a few days after buying the duplex in our empty living room). That purchase was one of our greatest business investments. After that, I was bit by the real estate bug. So I started saving more money and doing more research about the different markets in the country.

At around 27-28 years old, my Wife and I were preparing to have our first child. In addition to that, I was working a new position with the same employer. I worked for the Transportation Security Administration (TSA) at LAX. This new position demanded a lot of my time on and off the clock. I didn’t like the way the position affected my personal life. In addition, my superior and I had some fundamental differences that would later create a problem. I later vacated that position, however; I continued working with TSA. TSA is a government agency. During government shutdowns, TSA employees are required to report to work without a guarantee on when they will be paid.

With an urge to start my own business combined with the frustration of the 2018 government shutdown, I resigned from TSA and stated Harvey Home Investments in March 2019. We are currently working on two projects out-of-state. One project in St. Louis, Missouri and the other in Memphis, Tn.

Our goal is to invest in the city of Compton, CA. Even though we haven’t been able to invest in Compton’s real estate yet, we have been able to invest in Compton’s well being. In Summer 2019, we started The Compton Run Club to promote fitness and group activity. We meet twice a month at different locations in Compton. More information can be found at @comptonrunclub on Instagram and www.cptrunclub.com.

Lastly, in January 2020, I passed my real estate exam. I am now licensed to help folks with buying and listing a home.

We’re always bombarded by how great it is to pursue your passion, etc – but we’ve spoken with enough people to know that it’s not always easy. Overall, would you say things have been easy for you?
It has not been a smooth road. Real estate investing takes a lot of patience and I tend to be an impatient person at times. Also, with less than one year experience with investing in out-of-state real estate, I am learning a lot through trial and error. We have had to fire four contractors so far in less than a year. It’s difficult to manage contractors in-state, let alone thousands of miles away. Learning the investing lending process has been a bit of a struggle as well.

So, as you know, we’re impressed with Harvey Home Investments, LLC – tell our readers more, for example what you’re most proud of as a company and what sets you apart from others.
Harvey Home Investments is a real estate investing company that focuses on helping rebuild communities. We specialize in rehabilitating homes that may be considered an “eye-sore” in a neighborhood. I believe the thing that sets us apart is that we listen to how we can best help a homeowner. Our goal is to offer multiple options to assist a potential seller in making a decision. We are not always a good fit for buying a home. If we can’t buy a home as an investment, I can now help a homeowner with listing at retail value on the MLS in California. I love being of service to homeowners that are in need of assistance.

So, what’s next? Any big plans?
Our goal for the future is to create systems to effectively run the business. We want to create a business that doesn’t necessarily need one person to operate it. By the end of 2020/beginning of 2021, we hope to hire a team that can help with managing projects, finding/managing deals, and sending out marketing material. Our goal is to double our production each year of business. Also by 2021/2022, we plan to start investing in more commercial real estate. Specifically, investing in apartment building and strip malls. Lastly, on the real estate agent side, I plan to help as many people that I can become homeowners or investors.

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Image Credit:
Synphanie Holt

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