Rental Property Investor · Salt Lake City, UT · Member since 2019 · 17 posts · 5 votes
Hi BP community - I am newer BP member and wanted to introduce myself. I am just finishing a year long rehab of our first house hack (my first complete reno) and am looking to begin the next steps of our buy and hold journey.
Our 5 year goal is to develop a ‘passive’ income stream to create financial independence by growing a buy and hold portfolio of multifamily residences. I spent 15 years working in the Nonprofit world of housing, homelessness and mental health and my wife still works in the homelessness arena at our local homeless shelter.
I plan to utilize the BRRR methodology and am looking to build my team of trusted partners. I would like to begin investing where we live, Salt Lake City, and then would be happy to progress to other out of state options once I become more familiar and proficient with deal analysis. I grew up in Rapid City, SD and would be willing to explore investment options there as well.
To take the first steps I thought I would introduce myself.
Sounds like you have some experience under your belt which is wonderful. I know of some great contacts suxh as an amazing lender, a great handyman I use for my properties, and lots of other tips and tricks. I would love to connect
Sounds like you have some experience under your belt which is wonderful. I know of some great contacts suxh as an amazing lender, a great handyman I use for my properties, and lots of other tips and tricks. I would love to connect
Ya let me know, I'm trying to decide if I should start a meetup in the area, but that might be for a while yet.
I invest in small multi families, 2-4 units for now. But I'm hoping to grow from that but I want to make sure the growth is organic and I'm a bit conservative so I'm taking it slow.
I have family out in Longmont so I come out there sometimes as well. But your market is definitely challenging. It's been a bit tight here, especially in Rapid City. Feels a bit inflated, but there are always opportunities (value add and such)
Working on the CFP currently, been in the business for about 8 years.
Let me know if/when you come to town and we can connect!