All Forum Posts by: Brian H.

Hi @Jim Stephenson Welcome to PB!

I really enjoyed your presentation during the last NUREIA meeting. Looks like you've gotten off to a great start in building your portfolio. Be sure to check out my favorite resource here, the podcasts. 

@Dave Barnes I can't think of a better way to start investing. Great move!

Now, how much would you charge me to come and explain all of the benefits to my children?

Welcome to PB-

Welcome @TIffany Morton

Regarding strategy, one of the things I love most about real estate investing is the plethora of different investing options. I began, like you, as a buy and hold investor but have ventured into a couple other areas as well.

Be sure to check out the podcasts for concentrated and entertaining REI education. Also, anytime you have a question, do a search as the topic has probably been discussed in the past. That said, don't hesitate to post a new question as well.

Feel free to drop me a line if you'd like some cheap advice. 

@Jason Fraser is right. I would check with the city prior to buying. Also, though not common in Utah, if there is an HOA, you'll also need to check on rental restrictions with them.

I purchased a single family home in Roy this past winter and it rented rather quickly at an attractive rate. My understanding of the area is that the easternmost homes seem to rent quickly while you get a little less for rent and may have slightly higher vacancies if you get too far west. Roy is a great area for Hill Air Force base employees and soldiers as well as families. 

I would check in with a couple of local property managers if you are interested in a real time estimation of rent. And, while rental rates in our area are strong and have risen nicely these last several years, I would recommend you consider that our rental rates and/or vacancies might not always stay so favorable. Also, have you considered just purchasing a good ol' conforming duplex? I know I've seen several on the MLS in the Roy area.

Best of luck and welcome to PB. 

@Paul M. Welcome!

I've purchased a few times as an unrepresented buyer. This gives the selling agent the option of lowering the overall commissions without requiring them to do the work on both sides. I found most agents open to this though a few were reluctant. This could be a good option if you have enough experience to represent yourself. 

Welcome @Benjamin Ostler. Getting through 70 podcasts in one week is pretty impressive. 

You're in a good location to start investing. There are deals to be found in Weber county. Be sure to set up your keyword alerts as well and remember you can use the site to search for answers to any questions you have. Chances are, it's already been asked and discussed.

I've had a vacation rental home in the Bear Lake area for several years. Haven't had any problems with the city, just need to be licensed with them as a short term rental. The city will also set the maximum occupancy and parking limits and restrictions.

Local HOA's, on the other hand, are pretty restrictive in this area. If you end up with a vacation rental in bear lake, reach out to me and we can swap notes.

Welcome to the site @Cole Schlack

I'm right here next to you in Huntsville. Good to see another Ogden Valley investor on the site. Be sure to check out the podcasts and set up key word alerts.

@William Hochstedler Love to join an Ogden group. I'm in. 

Welcome  @Jaden Cook!

Like the saying goes, "If you love what you do for a living, you'll never work a day in your life."

Be sure to check out the podcasts, they will give you a quick and entertaining RE investing education. Also, any time you have a question, try searching the topic on the site. Your question has probably been asked and answered several times. Feel free to drop me a line as well if you have questions. I'd be happy to give you some inexpensive & arguably worthless advise. 

I'm also planning on starting to attend some local real estate investing associations, beginning with one in Logan in a couple of weeks.  You should consider attending. Check out www.nureia.org or drop @William Hochstedler a line regarding it.