All Forum Posts by: Brian H.

@Lori Greene Wow - Another bigger pockets member from our tiny little town of Huntsville, UT? Welcome!

While there are many good title companies and title agents to work with locally, I'm partial to Tawnya Boss at Mountain View Title & Escrow. As for attorney's I'd recommend either @Jeffrey S. Breglio or Royce Richards (http://www.woodrichards.com/). 

Welcome @Erik Naylor

I agree with @John O'Leary. Network with experienced local investors. If you are interested in working with someone like that, I would reach out to @William Hochstedler if i were you.

@Account Closed

Chasing Cars: Think of a rural location where a middle aged dog spends his day waiting for and then chasing the occasional passing vehicle. The dog is very happy due to his sense of daily fulfillment. Each day is filled with gratification as the dog repeats the cycle of anticipation for the next car and then accomplishment as he barks and chases the car away. What would happen if the dog actually “caught” the cars he was chasing? He wouldn’t know what to do with himself. His pleasure and fulfillment comes from the chase, and from the anticipation of waiting for the next chase. I believe this is similar to a real estate investor who is chasing deal after deal. Once he/she reach their goal, they don’t know what the hell to do with themselves anymore. You’re in a transitional period. Time to find out what your next passion will be. Now that the world is open to you, what is it you want to chase now?

Mind/Body/Spirit: I find that if I can keep myself physically active & continually learning, this helps my "spirit." Idle time isn't always good. Consider setting a daily exercise & study schedule.

Philanthropy: May I be so bold as to suggest that you have a responsibility to give back? Who was involved in your success in real estate? Just you and the team you put together? Or do you think that the hundreds of tenants paying rent, plumbers repairing toilets, property managers, realtors, local businesses, and others also played a part in your success, if not directly, then indirectly? Could you have accomplished what you have without them? And also your employees, if you have any? So, I would suggest that you treat your philanthropy like you did while you were a disciplined real estate investor. Begin with the end in mind. Set goals and work towards accomplishing them. As an example, consider setting a goal each year to give a certain % of our income to charity. Then get to work identifying and working with local/national organizations that you believe in, and strive to hit your new "giving goal."

I make no judgements of you.  I don't know you other than the small amount I have read. Please take no offence to any of my comments. Thank you for sharing your thoughts and struggles, related to real estate and life. Congratulations on your success and all the best as you begin a new phase in your life - guilt free, I hope. 

@Eric Trostle Newer single families in Weber county are currently fetching between 5-7 cap rates though you can usually get better cap rates in Ogden. If you're investing in Ogden, I think you can do better than a 6% ROI.

@Eric Trostle Doesn't sound too far off for Utah, based on the area and quality of the property. Where are you looking? What is the age and condition of the property?

@Irwin Ayala You've had the same tenant since about 2009? Have you raised rents in that time frame? Would current market rents support an increase?

@Paul Spangler - In my opinion, this would be unwise. Leverage is a tool that can injure you if not utilized expediently, with consideration given to both the risk and the reward. Have you put actual numbers to the reward? I'm guessing it will be very minimal. Have you given consideration to the risks?

That said, I think its great that you are looking at alternative financial strategies. Always an entertaining and educational process.

Interesting info on the UK Corey. This must be why, at the peak of the recent recession the UK peaked at a 3% mortgage default rate, which they considered crisis levels, while here in the US we peaked at 9%.  

@Bob Malecki I see you mention that this one is a good networking event. Is there a good educational element as well? I'm interested in networking but more interested in learning more about note investing.