Hello From Gillette Wyoming

5 Replies

Hello bigger pockets!

I'm Daric Myers and I'm currently from Gillette Wyoming.  

My wife and I started our adventure together in 2004.  We got married at 19 and moved to Colorado.  We were living in a high end 2 bedroom apartment.  A few months later my wife's mother and sister moved in with us.  It was my idea, I just want all to know.  Anyway, we realized pretty quick that four people in a two bedroom apartment was going to lead to someones horrific death.  So, we purchased a 3/1.5  condo.  You can cringe, it's okay.

So, here we are.  Two 20 year old newly weds/full time students, a Mom, a Sister, and 3 cats in a 3 bedroom condo.  Eventually Mom got back on her feet and moved out just as things were hitting the fan in the real estate market.  But, we didn't want to move, and it couldn't get that bad, right?

We purchased the house at 142k and we watched people fire sale properties for 100k, 60k, 30k, and some foreclosed.  At one point I think we were the only people on the block wondering what in the hell do we do.

Eventually prices began to rise, I think do to the recent legalization of the devils lettuce.  Through a well timed hail storm we collected a check and began renovations to get our condo ready to sell.  We hung on and sold for 180k.  We paid off some credit card debt and decided to move home.  

My dad had a place he bought that he didn't have time to work on, so we moved in with my wife's grand parents and got to work.  It was awful.  Dog pee smell emanated throughout the house, and one bedroom looked like the animals were left for months without being let out.  We got it all fixed up and sold it for 250k.  I think we just about broke even, but the learning experience on these two properties will be with us forever.

Things were looking up, but I started a hotshot delivery service right before oil crashed in 2014.  I closed my business and now with roughly 150k in debt am hungry for real estate.  

Now, we've downsized into a 3 bedroom apartment which is pretty tight with our two wonderful children.  My goal is to work on house hacking 4 plex in the area and eventually move south, not exactly sure where yet.

Thanks

Welcome to BP!

Good for you that you're sticking with it despite the mistakes. Are you reading books, analyzing properties, or taking other steps to educate yourself? 

I'm in Cody. Give me a shout if there's anything I can do to help.

I've read a couple books recently, but bigger pockets podcasts at work mostly.

I'm a painter.  I just put my headphones in at the beginning of my day, and take them out of the end.  My coworkers think I'm nuts! I should have my PhD in real estate soon...lol. 

It's time to take action!

Hi Daric, welcome!  Lots of great people and resources here.

You have quite a story so far, and some great plans. I'm in Casper, give me a shout if you find yourself in the area or just want to talk REI

 Bill

@Daric Myers ,

Welcome to BP bud.  How is the market in razor city?  I have seen that market boom and bust a few times.  I was really concerned when coal stated getting beat up.  I see lots and lots of very nice foreclosures but worry a LOT about if the market will ever come back or at least come back in the next ten years.  If I can be of help please let me know.  I have been doing real estate for over 20 years but have only been doing it intelligently for about 5 years hehe.  Best of luck bud.

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