Newbie Real Estate Investor in Salt Lake City, UT

4 Replies

Hello BP members!

I've actually been apart of this community for awhile now but mainly just as a knowledge source for learning more about investing in real estate. I decided it was time to start networking and building up some useful contacts for when I get my first property. As far as what I want to specialize in... I have been looking to get into the Buy/Hold, BRRRR, and FIX/FLIP Real Estate investing niches/strategies.

I am currently working an 8-5 job and want to get into something I would enjoy more. I have experience with remodeling and used to be an Apprentice Plumber/HVAC tech, so that's why I'm thinking the first property that I get should be a Fix/flip to then turn around and fund a larger deal with the money made from that. 

My end goal is to be able to get out of the rat race via investing in real estate and move from that 8-5 job to investing full time. So, if any of you amazing people are looking to help a new investor get started I'd love to hear from you and start a dialogue. 

Can't wait to make better use of this community and meet some awesome people along the way!

Hello! @Colton Pierce

Welcome to BP, and congratulations on making the decision to invest in your future via real estate.

I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.

First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:

https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp



The second is a post that will help get you focused with your real estate investing goals:

https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciated

The last one is a post that will help you choose an “investor friendly” real estate agent. There are many agents out there, but it’s important to choose the right one.

https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agent

I love answering questions if you have any! Good Luck :)

@Brandon L. Thank you so much for all of the good info and links! I’m currently in the process of finding a good real estate agent that will help me find my first deal so your post about how to find a good agent really helps. Currently I’m just Sifting through 20 deals a day that a couple agents send me. I also liked the post you made about educating yourself before you start asking questions on BP. I was raised on the “give a man a fish, feed him for a day. Teach a man to fish, feed him for a lifetime” mentality so to me that made a lot of sense. I agree wIth what you saId on that spreadIng yourself to thIn between all the dIfferent ways to make money In real estate wiIl just make you confused. Currently Im just focusing on the Buy/hold strategy and how I can accomplish it in my area. Might end up going for a live in flip but we will see where life takes me on that one. Anyway I really appreciate all of the great info! Stay awesome Brandon!

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