Long Time Lurker First Time Poster

Long Time Lurker First Time Poster

Investor · Great Falls, MT · Member since 2014 · 163 posts · 132 votes

Hello all. I've been lurking on Bigger Pockets for years now. Ramping up for my next purchase I've found myself visiting the site more often and felt like I should at least upgrade my account as a small payback for the incredible amount of knowledge I've gained here. A long with 5-6 of my favorite books BP has been the single most important resource. It's incredible to be able to tap into a collective wisdom this deep and explore differing ideas and viewpoints so easily. I've found just about every field/interest or whatever has one or two gold standard resources on the net that stand out. BP is clearly that in the REI world. What did people do before the internet?

I'm an active duty Air Force member originally from NYC and currently stationed in Great Falls, MT. I have been stationed in the Omaha, NE area as well as Monterey, CA. Posting from Texas where I have also spent a lot of time.

I've always been interested in REI. Growing up a lot of family/friends have been involved and being from NYC it seems everyone from the older generation has a story of that "property that got away that would have made me wealthy etc." I mean, it's true, throw a dart at a map in NYC in 1980, buy whatever it hits and chances are you did amazingly well. Perhaps as a result I mostly fall in line with the David Schumacher "Buy and Hold Forever" type investing style. Lately though I've gotten the bug to try out different angles as well. By and large I'm a value/contrarian type investor whatever the field.

Though I always planned on RE investing it was the accidental landlord situation we hear so much about that pushed me into it. Glad for it too because otherwise between kids and career I may have started later. Bought a house when we were stationed in Omaha and when we left our friends just happened to be looking for a place to rent. They rented our house for a couple years and when they left we decided to keep renting. It went great so, like so many times before, an RE investor was born out of the confidence/experience gained from an accidental situation. My brother and I ended up with a not insignificant inheritance (though not the kind to quit your day job on or anything) so I decided to shift away from a heating up stock market into a more beat-up RE market.

My wife is from the Bozeman, MT area and the place really grew on me. It's a college town, it's beautiful, is a high quality of life small city, it's growing rapidly, and it's the kind of place people visit and fall in love with/stay. So feeling more comfortable as a landlord/being familiar with the area and having people I know there I decided that's where I'd purchase next. Picked up two four families a couple of years ago using a lot of the knowledge I'd gained here and I've been very happy with them.

While looking for my next quad I've gotten the RE bug in a different way this time. The original plan was pretty passive... buy and forget basically, pick up a couple more 4-plexes, do another 8 years until I hit my 20 and retire. Then I'd just fiddle with them as a self-employment type situation. But lately I've started to feel like I want to try out new angles and use the next 8 years a bit more aggressively. Too bad I didn't feel this way in 2009/2010! I just love RE. I love looking at a building I own. I love the idea that I provide a home for a bunch of families. I love driving by and seeing new construction, growth, renovation, or heck just a random building out there that I know someone is making money off of.

I'm fortunate enough to have the benefit of the experience of a few deals, a decent amount of capital, and available financing. I'm open to different markets in the area (Missoula, Billings, Helena) or even perhaps out of state (less likely). Decided I'm going to pursue a license as I'm by nature a data guy and want MLS access. Thinking I probably should have been tapping into wholesalers out there as that isn't my cup of tea personally but the benefits are obviously there. Basically wanting to learn/expand/interact/network more so I look forward to being more active around here. Longest intro ever!

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Darren SagerPro Member
Investor · Tampa, FL · Member since 2013 · 2k+ posts · 1k+ votes
12y

Welcome to BP @George N. ! Thanks for taking the time to introduce yourself. I think a great way to begin using BP is to read the Bigger Pockets Ultimate Beginner's Guide to Real Estate Investing as Josh and Brandon did a great job with it.And now that you're here we'd love to see you be an active member of the BP community so be sure to set up Keywords Alerts for your local area such as "Billings" or "Helena" if you're looking to find potential opportunities for investing, education in a subject, or other members in your area. Use the Find Members area to network with other members who are local to you or are in an area you're wanting to invest in. Podcasts come out weekly and are great way to learn on the move. I find there's always a gold nuggets of information in each one and I go back to listen to a number of them multiple times.

If you appreciate a post that a fellow member put up responding to you be sure to say "Thank You!" by casting a vote for it.If you think a response you read is good or answers another member's question well cast a vote for it.It's our own version of liking something on Facebook provided you're familiar with that. Simply click the box in the upper right corner of the post!

If you want to get a member's direct attention in a post you're writing first type an @ and then a ?, (example: @?) and then wait..................... (sometimes longer than you might expect), for their name to appear below where you're writing, then be sure to click on it. IF it doesn't have their name highlighted in a blue background (like yours is above) it didn't work properly and you should try again. This will send them an email or an alert notifying them that you've mentioned them. Those alerts can also be seen if you mouse over the "Inbox" on the upper right menu bar and scroll down.

Again welcome to Bigger Pockets!

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  • House Flipper · East Stroudsburg, PA · Member since 2013 · 1k+ posts · 205 votes
    12y

    Glad to hear from you and welcome to the sunlite and thank you for your service. It's always nice to hear from someone so focused and to give appreciation to the excellent work this forum does. Wish you luck with your journey. I always heard the stories of how many times the Brooklyn bridge was sold.and the best deal of all was the purchase of the island of Manhattan from the Indians. Was that the first wholesale deal in the New World. PS, these were meant to be jokes, no offense intended.

  • Darren SagerPro Member
    Investor · Tampa, FL · Member since 2013 · 2k+ posts · 1k+ votes
    12y

    Welcome to BP @George N. ! Thanks for taking the time to introduce yourself. I think a great way to begin using BP is to read the Bigger Pockets Ultimate Beginner's Guide to Real Estate Investing as Josh and Brandon did a great job with it.And now that you're here we'd love to see you be an active member of the BP community so be sure to set up Keywords Alerts for your local area such as "Billings" or "Helena" if you're looking to find potential opportunities for investing, education in a subject, or other members in your area. Use the Find Members area to network with other members who are local to you or are in an area you're wanting to invest in. Podcasts come out weekly and are great way to learn on the move. I find there's always a gold nuggets of information in each one and I go back to listen to a number of them multiple times.

    If you appreciate a post that a fellow member put up responding to you be sure to say "Thank You!" by casting a vote for it.If you think a response you read is good or answers another member's question well cast a vote for it.It's our own version of liking something on Facebook provided you're familiar with that. Simply click the box in the upper right corner of the post!

    If you want to get a member's direct attention in a post you're writing first type an @ and then a ?, (example: @?) and then wait..................... (sometimes longer than you might expect), for their name to appear below where you're writing, then be sure to click on it. IF it doesn't have their name highlighted in a blue background (like yours is above) it didn't work properly and you should try again. This will send them an email or an alert notifying them that you've mentioned them. Those alerts can also be seen if you mouse over the "Inbox" on the upper right menu bar and scroll down.

    Again welcome to Bigger Pockets!

  • Investor · Belgrade, MT · Member since 2013 · 135 posts · 32 votes
    12y

    Thanks for posting George. Since I am in Bozeman market, I sent you a colleague request. Cheers.

  • Investor · Great Falls, MT · Member since 2014 · 163 posts · 132 votes
    12y

    John, I owned a house in the Poconos I inherited. Ended up selling it to a family member since we no longer went there. The low prices out there would make rentals pretty feasible I guess.

    Patrick, look forward to collaborating with you.

    Thanks for the welcome.

  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    12y

    Hey @George N. Welcome! Definitely start jumping into the community here! Be sure to read through The Ultimate Beginner's Guide to Real Estate Investing to help you get started.

    Finally -be sure to setup some keyword alerts - especially for "Great Falls" so you can jump into local conversations.

    See you around the forums!

  • Investor · Cincinnati, OH · Member since 2013 · 2k+ posts · 1k+ votes
    12y

    @George N. glad you introduced yourself and, first off, thank you for your service. Sounds like you are well on your way to adding to your real estate empire!

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