All Forum Posts by: Esther Budd

@Blair Poelman that’s a good point. Have you seen a market change on multifamily once school starts? Probably not as much right? We are leaning towards that direccion.

@James Call that’s a great advice. I will definitely do that to see where we stand. 20% down seems like the way to do it to avoid MI. Thank you!

If you had $500,000 cash to invest in RE what would you do? Considering you are new to RE. Would you buy multiple properties or would you go for a large apartment or commercial building? Would you want to pay out of pocket and use all of your $ and grow from there without getting into debt or would you try and get financing and go bigger? What else would you do? Thank you!

@Troy Ramey @James Call @Douglas Larson Thank you all for your great advice. You all had some really good points! To answer some of your questions. We are working on getting educated and on building a business plan (including putting together a team). We have toyed the Real Estate investment idea for a couple of years and now feel ready to take some action. We are not 100% sure which Niche to choose but we are leaning towards single family homes or multifamily and potentially doing some flipping in the future. The purpose in mind is long term wealth/cashflow. We ideally would like to find small properties for $100,000 or less and buy one or two to start and to help us learn how it works and slowly buy more but we are open to a more aggressive strategy if the opportunity is right! 

We are in Northern Utah (Lehi). My husband owns a business and he is pretty busy but would love to have the cashflow that would aloud him to retire and do Real Estate 100%. He has excellent credit and has managed a business for 9 plus years. I am a stay at home mom and I've always been eager to start my own business. Three out of our four kids will be going to school full time so I will have the time to dedicate to this business. Our basement is unfinished and could potentially be rented. We do have some cash, not necessarily "piles of cash" haha but a good amount to get started. We would like to stay in Utah and we need to stay here as long as my husband has the business but the idea of moving somewhere else is not completely out of the question. Since the market here is pretty hot and prices are the highest they have ever been we feel like our only option would be investing out of state. We just need to find the right area!!. And lastly I have to add that we sold our previous home and made $60,000 profit and have $100,000 (or so) equity on our current home so we could say we do have a little bit of experience. 

Thank you all again for taking the time to help us out! It is truly appreciated!

Hi, I am new to this group and to Real State. My husband and I have decided that we want to buy a few rental properties. We are in Utah where the market is extremely high right now so we are considering buying somewhere else. Possibly Texas, Ohio, Florida or Louisiana to mention a few. Where would you say is the best state and city to buy some rentals in order to get a good return? Is this a bad idea? TIA!