All Forum Posts by: Garrick Goodheart

@James Wachob thanks for reaching out and for the advise. I am absolutely interested and would love to discuss more. I will message you about this opportunity. Thanks again

@Ned Carey

Sound Avice and exactly what I intend to do. My 8 year old when I ask him "do we quit?" He say " we are not quitters, we are doers". I think he says it best.

thank you,

@Bernice Retzloff,

I apreciate the compliments as well as the advice.  I will send you a private message and connect with you on what you are seeing there in Memphis, and also learn more about what your role is in this very accommodating yet large market (for sure not like Corporate America).

@Lisa Choi, Awesome advice, and I will consider all of them. I will also send you a private message with some comments and questions regarding your responses and location. I also look forward to continued communication. Have a great weekend!

That is excellent insight and appreciate all you responded to. It turns out that I was looking at this too narrow mindedly and didn't consider the other possibilities that you said you are using it for.  I have used it to help analyze state and federal documents before I have submitted them or those that were sent to me.  I have also used it very loosely on some legal documents that I just wanted to check and see if some pointed questions would help evaluate weak points. Again, thank you!

Is this AI proprietary or is it an open source such as ChatGPT? I was curious about this as I am new and looking for the right area to start out in. Taking David Greene's advise and am looking outside my own backyard. Do you have any insights that you would be willing to share with me when it comes to utilizing AI for this?

Thank you all for your replies and help. I appreciate all the help I can get.  I am talking to a commercial real estate agent, I am going to interview a few tax accountants, I have one lawyer in mind, and I am still looking for lenders in both Montana and Texas (right now at least). As they say, this has been a bit nerve-racking, but I take pride in my persistence.  I hope to learn as much as I can from all of you experts and one day have my own financial freedom. I want to act fast, yet be careful and ensure I know what I am looking at and the risks involved before I make my first purchase. I will start looking more into asset protection and quiz my hopeful tax accountant on it. Thank you all again

Hi everyone,

My name is Garrick, and I’m new to the real estate investing space. I live in rural Montana and currently work as an engineering and environmental manager in the mining industry. I’m a single dad to two young boys, which is a big motivator behind my goal: to transition into a more flexible, family-friendly lifestyle while building long-term financial security.

I’m calling this my Exit Plan Strategy, and real estate is a big piece of it.

So far, I’ve:

• Read Long-Distance Real Estate Investing, BRRRR, and Rental Property Investing

• Built my own Excel analyzer (profitability, cash flow, cap rate, amortization, 1% rule, etc.)

• Set aside ~$50k–$60k in startup capital

• Started identifying markets and partners (realtors, contractors, PMs)

• Focusing on value-add rentals, flips, or BRRRR in desirable-but-undervalued areas

I’d really appreciate help with:

• Recommended software or tools for remote market analysis

• Tips from anyone who got started while still working full-time

• Advice for evaluating smaller multifamily or distressed properties

• Mistakes you wish you’d avoided on your first deal

• Any Montana-specific or Western U.S. insights (but I’m open to investing anywhere)

If anyone’s open to chatting or mentoring, I’d be extremely grateful. I’m taking this seriously and want to do it right—ethically, sustainably, and profitably.

Looking forward to learning from you all and hopefully contributing value in return.

– Garrick