Migrating from rental to owning in Utah.

[Jeremy Robinson]

Hi all!

So I posted before, and I think it's obvious I don't know what I'm doing yet, but I'm trying to change that. Currently I am employed full time and last year made 80k. This made me mad because with that income I have no real assets, and made zero equity so I messed up and don't want to continue this trend. I pay almost 1400 bucks a month on rent in ogden, have two car payments,  and need to fix that. I have been studying at protection and entities, as well as wholesaling and fliping. If I want to ever be more, I think rei is the route I should take. I'm here from Austin Texas where I failed at trying to break into that market, and am looking for mentors or even just friends. Currently Looking at a 75k townhouse, hoping to drop my monthly housing expenses so I can eliminate one of my vehicle loans and dive into real estate. Thanks for taking the time to read my post! 

[Teri Feeney Styers]

@Jeremy Robinsonit sounds like you also need to get psyched about overall cash management to work it to your best advantage. There is a fairly new podcast from Paula Pant and Jay (somebody) called M.O.N.E.Y. - you should listen to those. Maybe instead of a townhouse a duplex? Sounds like @Mike Gallaghercan help you with this unless you already have a Realtor working for you. Hey @Douglas Larson- we haven't chatted in awhile but my "tiny house apartment" thing worked well. The buyer is using it as an AirBnB and renting to traveling nurses at 2-3 times what normal rent would be...