All Forum Posts by: Bridger L Logan

 Luckily, I am a decently handy person. I work in construction and am a problem solver by nature. I love trying to figure out things I don't understand. My largest task will be having good tenants. Legacy tenants are risky, and vetting new ones will be a strict process. Thank you very much for your input!!

I recently have been in touch with some realtors who send me properties that fit my criteria as soon as they hit the market. I know there will be a great competition, especially ones on the MLS. Thank you for the input!! I am just looking for the most units possible while remaining in the residential arena.

 

@Daniel Haberkost Thank you very much for the advice. My plan is to have enough saved to be able to match whatever the down payment may be. A large fear is biting off more than I can chew. Im going to do all I can to be prepared for the worst and hope for the best with finances and knowledge. I have heard of legacy tenant horror stories myself and will carefully vet the new ones. I will do my due diligence!

Hello y'all,

I'm 24 y/o and I currently work as a project engineer in the San Diego area. The project I'm working on will last about a year. I'm going to save at least $25k during this project then go to Phoenix, AZ to get my first deal. My plan is to find a quadplex and househack it to have small or no housing expenses (cashflow while living there would be ok too of course). I would try and finance it with a 3.5% down FHA. I have been obsessed with BP and REI for about two years now and feel I have equipped myself with the basic knowledge and tools to do my first deal. I am feeling summer 2021 will be the time to actually pull the trigger. I have began my search of agents in the area to help me understand the Phoenix market better.

Tell me all the reasons why I shouldn't do this!! Because to me it seems like a good idea. 

Any advice from RE vets or newbies like me would be greatly appreciated!!

I am a recent grad of civil engineering. Ever since my junior year of college, Ive been obsessed with BP and REI in general. I am currently using a project engineering position to save up for my first investment! My goal is to get a househack deal within a year. But yes i think engineers have a solid understanding of numbers and a rational, almost computer type of thinking, making real estate stand out unlike any other source of income. Engineering is also hard by nature and once you've dove into the world of engineering, other things in the world seem more attainable.

@Ian Boyd

Thanks for your reply. I am thinking about a condo in Bozeman. Then when gone, renting it out. And while in a relocated area, get a property as well to househack. What do you think about this? Are condos in Bozeman (3b/2ba) something that rent fairly easily? And I am working for BARNARD companies. Thanks!

I just accepted a job in Bozeman, Montana as a project engineer. I will be living there right out of school. I should be in Bozeman for less than 1 year before I am relocated to a new area for a project. The duration at these job sites will be anywhere from 3-9 years before returning back to Bozeman to repeat this cycle. In other words I'll be relocating every half decade with work, what would you do in my situation about housing?

My ideal scenario is to have a single family home in Bozeman and acquire small multi families in the temporary project areas (I am provided housing allowance) to househack with. Leaving me with rentals over the years across the US.

What are your thoughts, and how would you go about this situation if you were in my shoes.

@Michael Gebremichael

Thank you!

@Michael Gebremichael

I'm slowly beginning to realize this now that I've been doing lots of research and getting input from all you guys. I found out about the 5 unit financing issue today. I think im going to start smaller! Updates to come, looking to secure my first deal by the summer.