New Member from Utah

New Member from Utah

Investor · ROY, UT · Member since 2014 · 11 posts · 0 votes

Hello all,

Well I can't really say I am new to BP because I have been poking around BP for years. I think it is time to come out of the wood works and introduce myself.

A little about me I started investing without really know what was doing it started with House Hack, renting out my basement. Looking for ways to better and optimize my basement apartment I stumbled on BP and instantly got hooked.

I was making pretty good cash flow with basement apartment but I was also just blowing the money. BP made me realize the potential of real estate investing.
I sold that property and in process of inquiring two SFH With help of a little creative financing (thanks @Brandon Turner and yes bought your book). My Goal and niche is to build portfolio of Buy and Hold units and try some flips in the process.Cash will always be a concern and how I will inquire the next unit.

Now I need the support of BP. This is my first Buy and Hold any tips for first time investor would be appreciated. I am here to learn and excited to get my Real estate business growing.

I am from Utah, Ogden Weber / Davis area and love to golf any local investors want get game and talk shop hit me up.

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Investor · Columbus, MT · Member since 2013 · 1k+ posts · 1k+ votes
11y

@Roger Middleton Welcome to BP! Or rather welcome to having a profile! 

Our beginning stories sound similar.  I also realized we had a duplex after buying our first house. So we renovated and rented out the basement. It was only after this that I found BP and then realized that you could do this more! 

We have since added 3 more properties to that original duplex!  

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  • Investor · Columbus, MT · Member since 2013 · 1k+ posts · 1k+ votes
    11y

    @Roger Middleton Welcome to BP! Or rather welcome to having a profile! 

    Our beginning stories sound similar.  I also realized we had a duplex after buying our first house. So we renovated and rented out the basement. It was only after this that I found BP and then realized that you could do this more! 

    We have since added 3 more properties to that original duplex!  

  • Entrepreneur · Provo, UT · Member since 2015 · 18 posts · 2 votes
    11y

    Welcome to BP @Roger Middleton. While I have never golfed, I do play a mean game of mini golf! Haha. 

    I'm moving up you're way in the next month or so. I'll hit you up then and see if we can grab a bite to eat and talk about RE investing. 

    Good luck! 

  • Ogden, UT · Member since 2013 · 266 posts · 51 votes
    11y

    welcome to bp local member, im only around the corner in west haven. id take you up on the offer of golfing.

  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    11y

    Hey @Roger Middleton welcome to the site! I love the shift of mindset and hopefully all goes well with your deal. Make sure you run the numbers on the Biggerpockets calculators.

    And hey, thanks for the shoutout and reading the book. Hoping the best for you! 

  • New to Real Estate · Wilmington, NC · Member since 2015 · 6 posts · 0 votes
    11y
    Welcome to the forums. I am actually a bit behind you. I am looking to get our first duplex or four plex next year and moving into it while renting out the townhouse we are in right now. I'll be following to learn what I can. Good luck with everything.
  • Investor · ROY, UT · Member since 2014 · 11 posts · 0 votes
    11y

    @Joshua Daniels that awesome are stories do sound familiar. adding 3 properties since then is great.  Keep up the good work.  When you get chance let me know how you came by the 3 properties and what did you do to acquire them.

    thanks again

  • Investor · ROY, UT · Member since 2014 · 11 posts · 0 votes
    11y

    Patrick Ketchum hahaha mini golf is fun as well.  Thanks for saying hello and bite to eat and talk shop would be great

  • Massage Therapist · Chicago, IL · Member since 2015 · 613 posts · 84 votes
    11y

    @Roger Middleton

    Welcome to Bigger Pockets. It may have taken you awhile to introduce yourself; fortunately you have along with a real estate story. Enjoy as you prosper.

  • Investor · Columbus, MT · Member since 2013 · 1k+ posts · 1k+ votes
    11y

    @Roger Middleton

    We had quite the creative route. We used the spare lot that the duplex came with, to add a type 2 manufactured home. (think well built home, pitched roof, double wide, solid foundation, ect). We bought a 3/2 renovated mobile as we described above for 6K on craigslist! It was a steal.  the lady who owned it, had it illegally placed on her property without the state's permission. Needed it gone fast.  Did an appraisal and it came back at 62k for that property.  It has been a GREAT rental. 

    We then bought a bank owned single family house. 49,000 purchase. we used an "In-house" loan with a local bank. We used that Mobile property as collateral and put ZERO down.  Rehabbed and refinanced to a 30 year conventional, Appraisal came back at $130,000 

    We did the exact same thing again on house 4 but paid 46,000 and appraisal came back at 115,000 

    It the classic BRRRRR Plan.

    @Brandon Turner came and took a picture of my wife and I in front of the duplex.  One of my few claims to fame.... 

  • Provo, UT · Member since 2015 · 31 posts · 11 votes
    11y

    Welcome.  My story is similar to yours.  Bought a house for our family that had a legal basement apartment in Lindon/Orem.  We recently bought a second and bigger home for our family (sadly we are not house hacking anymore) but still have the first and now are renting out the top and the bottom.  We are hoping to make the move soon to start acquiring more buy and holds.

    Welcome to BP and best of luck to you!

  • Investor · ROY, UT · Member since 2014 · 11 posts · 0 votes
    11y

    @Brandon Turner thanks tips on the calculator.   My mindset has changed and all because you @Joshua D.,  Keep up the good.

  • Investor · ROY, UT · Member since 2014 · 11 posts · 0 votes
    11y

    @Benjamin Ostler its good to meet a local investor and I hope we can learn from each other.  I will be following you as well to see how your first deals goes, please keep my updated.   Let me know if there is anyway I can help you.

  • Investor · ROY, UT · Member since 2014 · 11 posts · 0 votes
    11y

    @Renea Steward thanks for saying hello.  After reading your profile your close to getting a couple deals under your belt, how is that going?

  • Investor · ROY, UT · Member since 2014 · 11 posts · 0 votes
    11y

    @Joshua D. ahaha I love it how you brought your first deal all together, its brilliant.  Thank you for sharing story with me.  I hope to be hearing more of you future deals.

  • Investor · ROY, UT · Member since 2014 · 11 posts · 0 votes
    11y

    @Tiffany Bishop thanks for saying hello, always great to meet fellow Utahan.  Sometimes I wish I kept my first house w/ the basement apartment and rented both top and bottom.  I think its great that you have kept with it.

    thanks for sharing you story

  • Professional · Carlsbad, CA · Member since 2012 · 12k+ posts · 1k+ votes
    10y

    @Roger Middleton

    BP is full of useful resources such as forums and blogs. Welcome to the Bigger Pockets community-be sure to check out all the awesome BP blogs under “Learn.”

  • Real Estate Broker · Temecula, CA · Member since 2014 · 992 posts · 782 votes
    10y

    Hi Roger,

     Welcome officially!   I'd love to talk shop with you.  As a matter of fact , I own a house in Roy. Great area.  IT is one of the homes I manage myself, because we've had such great tenants there. We have' had too much appreciation there, but the buy and hold is good.  Solid tenants.  The last one gave me a list of the things he replaced or replaced (for my information) but never called about them, etc.   

    In any case, I have homes all around and have a few areas that are particularly great cash flow. If you want to discuss, you are welcome to call or email directly.

    Best of luck in your future investments!

  • Specialist · Huntsville, UT · Member since 2015 · 458 posts · 249 votes
    10y

    Hi Roger, I'm an investor in your area. Nice to meet you.

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