Nicholas Colachis

Los Angeles, CA (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)

First Home Harmony, Inc

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Location: Los Angeles
Industry: Real Estate
Year Founded: 2019
Number Employees: 1-10 people
Business Stage: Creation/Idea
Entity Type: "C" Corporation
Description: “If you don’t own, someone owns you.” Nick Colachis Welcome to First Home Harmony, Inc.--the future of home ownership. First Home Harmony is disrupting the rental real estate market with the world’s first patent-pending Matching Real Estate Website to take people from Renting to Owning by matching like-minded individual to Purchase a Home Together. Together is Better. Matching websites have led the SPAC and IPO's over the past 5 years: Match, Hinge, Tinder, Airbnb, Uber, etc. Tinder alone has a cash flow of $133 million a Month in subscriptions; subscriptions start at $14.95 per month. First Home Harmony will charge $9.95 per month. There are several revenue streams for FHH. Our model charges $9.95 per month. With 100,000 subscribers, you will generate almost $1,000,000 per month with little overhead. Our goal is 1,000,000 subscribers and $10,000,000 a month in revenue. Advertising on the site from Home Depot, Lowes, etc will bring in additional revenue. Our goal is to get a sponsor like Home Depot to pay $1,000,000 a month because there is no site currently that has subscribers that are buying a home. The new home-mates will be looking for furniture, curtains, bathrooms, landscape, remodels, kitchen, etc. Other revenues will include finance commissions and management fees. Home ownership is on the decline in the US, and for good reason. In urban areas like Los Angeles, a $2,500 rental will pay the mortgage on a $500,000 home, but there are no homes for $500,000 in Los Angeles. The California Realtor Association recently announced that the average home price in California is $803,000. Los Angeles is higher. San Francisco and San Diego too are higher than the average along with many other cities. Actually, home ownership is not on the decline… the supply is not available, but the demand is there. Regretfully, with interest rates rising, it make it nearly impossible to qualify. Yet, there are power in numbers. 4 people have more buying power than one. 4 people can buy a $2,000,000 home together. With First Harmony, four likeminded individuals paying $2,500 a month in Rent can purchase a 4 bedroom home for $2,000,000 together and pay the same $2,500, but now, it is no longer Rent. It is a mortgage payment that is totally deductible and building equity, the number one way Americans grow wealth. America is based on ownership: land, commercial property, rental property, etc. Rent is for losers. If you rent, you are in servitude to make someone else rich. For 200 years: Publishing, Insurance, Banking, Utilities, Railroads, and Real Estate are the ways Americans grow wealth. If you don’t own, someone owns you. This is the future of home ownership! www.firsthomeharmony.com Nick Colachis CEO FHH, Inc 310-570-6425 nick@firsthomeharmony.com