I pondering what to do next; want to make a good investment

[Justin Williams]

Hi All!

I'm needing a little help deciding what to do next. It looks like this site can give me some guidance. I am currently living in West Valley City. I own a single family home that I purchased with my brother a few years ago. To this point it has been a great success as a buy and hold. I want to continue making smart real estate moves as sort of a part time investment craving on the side; I am also working full-time. I am a social worker and I can't expect to be making a six figure salary any time soon. With that being said I don't have a ton of cash to put down on a new properties. As we all know the market in this area is very hot. I am open to a lot, I just want to make a good investment. I would like a multifamily property but don't know that I would have enough to put down for a duplex, or if I could even find a decent property that didn't fly off the market before I got to it. I'm also open to doing what I did previously, which was buying a house, live in and flip it a little bit, and then hold and rent. The strength that my brother and I have is that we are willing to put in the work ourselves to build equity in the property. What do you all think about finding something in the Salt Lake Valley area? I also find Provo to be very attractive since prices are so low, the population is increasing, and development seems to be on the up. Would love to hear what you all have to say. 

Thanks, 

Justin 

[Justin Hammond]

I agree with @Andrew Dean.

You could also offer to partner with someone who has experience flipping if you want to learn more about creative financing. For instance, offer your remodel skills for very cheap in exchange for some education on the business side? 

I currently own a few rental properties and I have yet to use my own cash to acquire them. If that's something you're interested in I'd be happy to chat (and it has nothing to do with signing up for a program - just working w/ partners).