What would you do in my shoes?

7 Replies

Hey BP community! 

I've been lurking the forums for some time now.  Time for me to become more active. 

I'm Andre, I live in Woods Cross, Utah, looking to invest in real estate. I've got my mind set on buy and holding/renting and landlording in Salt Lake / sugar house area.  I'm 23 years old, no debt, great credit, very little bills, work 40 hour work weeks, and I've got $25,000 savings.

I am reaching out to you Utah investors, agents, wholesalers, flippers, lenders etc, those who know the ropes of salt lake, what would you do if you were me? I've been to one SLREIA meeting but was too shy to talk to anyone or introduce myself, but I would like to meet some of you professionals who can help me get the ball rolling in this game.

I have looked at several single family homes and multi family properties, (MLS) but just can't make up my mind. I'm interested in foreclosed and short sale properties but don't know how to find them.

I know I really need to spend more time here, reading, listening to the podcasts, educate myself.

Utah investors please chime in. Looking to meet some locals. Thanks in advance! 

I spent all day today in Sugarhouse and Millcreek looking at deals. I'd be happy to help out. 

@Andre T.

welcome to the site. 

Sounds like you have a good foundation to build an investment portfolio with. I would look to use that good W2 income and savings by buying some solid residential rentals with traditional financing.

You can not be shy. Meeting investors in your area is the most valuable resource. They will be able to help you and you can take them to lunch or hang out after the meetings.

@Andre T.

Since you have little debt and a decent chunk of savings, it should be fairly easy to get a loan on a property. I would recommend getting into an owner occupied duplex/tri/quad and go from there.

andre t.

I attend the slreia and will be there next week, ill also be at todays davis county luncheon at roosters, id be glad to chat

Thanks everyone for your replies! 

Originally posted by @Mike Gallagher :

andre t.

I attend the slreia and will be there next week, ill also be at todays davis county luncheon at roosters, id be glad to chat

Mike, I am going to try and make it to next week's meeting 

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