Bountiful, UT · Member since 2016 · 22 posts · 10 votes
Hey Everyone!
My name is Andrew McFarlane and I am a recent graduate with a bachelors degree in business management with emphases in both finance and marketing. I'm currently working as a financial analyst for a restaurant chain and have been enjoying the opportunities I've had to learn more about the industry; but, more so about financial modelling.
For the last few months I have been starting my research and study of real estate in order to build a portfolio large enough to get out of the rat race and build up a business for future generations in my family. As of right now, since money is fairly tight, I've been looking to start with a duplex and move up from there.
Looking forward to learning from everyone's insight on the forums and making connections!
There is also a pretty awesome loan program as a portfolio line with Mountain America Credit Union here in Utah. Non-owner occuppied loan with 90% LTV, 1.5% origination, little to no reserve requirements, 1-4 doors, max loan $417k, not conventional so will not affect your Fannie Mae limit of 10 loans and is a portfolio loan at approx 4.625%...NO MORTGAGE INSURANCE! Pretty sweet for a cash on cash return scenario.
And the meeting I went to was for a RE education company called Renatus. They have a basic RE investing education program for $2000 that they were selling but then at the end it turned out to be a program where you take their RE education and try to sell it to others and build a "team" etc. Whereas I'm looking more for networking and working with a mentor.
I figure this site and forum has a lot of good info for me to get started as well. The hardest part for me is to even know where to start. The problem is that I don't know, what I don't know.
Read a few books and blog posts before spending any money on any RE education. Once you kind of get the idea of what direction you want to go, then it should help identifying the real deal vs money grabbing guru.