Investor · West Jordan, UT · Member since 2016 · 1 post · 2 votes
Hi! I've been reading the Financial Independence Subreddit for a couple months now and they keep talking about Bigger Pockets! I thought I'd come check it out.
I'm a 27 (nearly 28) year old software developer. My wife is a Real Estate Agent. She has been KILLING it this year. We decided that we should finally do what we've talked about all these years (married nearly 6 years) and buy an investment property. We're really interested in flipping, but because we're thinking long term and don't quite have the start-up capitol to flip we're buying a rental property. We actually close on that the 21st of this month!
I am really interested in what I can learn here to make sure that we maximize our profits going forward and avoid any pitfalls we may not have thought of.
I would listen to the past podcasts that has really helped me find more creative ways to find the capitol for my investing. I would also recommend that you and your wife sit down and decide what percentage of returns you need to make it worth your while for flips or rentals. Utah is a sellers market right now I have been reading the RE market reports here in UT and on average the market inflated by about 12% which is making flips a little more difficult, NOT IMPOSSIBLE just difficult. Hope this helps.
I would listen to the past podcasts that has really helped me find more creative ways to find the capitol for my investing. I would also recommend that you and your wife sit down and decide what percentage of returns you need to make it worth your while for flips or rentals. Utah is a sellers market right now I have been reading the RE market reports here in UT and on average the market inflated by about 12% which is making flips a little more difficult, NOT IMPOSSIBLE just difficult. Hope this helps.
@Aaron Crowder Welcome and good luck! I used to own a home at 7800 S and Bangerter Hwy. I loved living in that area. I have learned a lot from this site. Immerse yourself in this site and attend the weekly webinars and read the old threads in the community section, they will help you get going.
Welcome to bigger pockets. Most of the people I have met here are very helpful and knowledgeable. I started doing Flips in 1999 and buy and holds since 2010. We only average about 1 deal per year, but we are working it. If you have any questions or want to network and share what you are learning, I'd love to chat.
Welcome to BP! You are in the right place for general knowledge and practical advice! With your wife's connection to real estate and your interest, you should go far.
I did my first 6 house-hacks and live-in flips while I had a day job. It made for a crazy schedule but it was worth it. I do mostly rentals and flipping now, mostly around the salt lake valley. You are smart to focus on rentals, so long as you know what you are doing. is priceless.