New and excited to be apart of BP

New Member Introductions
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New and excited to be apart of BP

Josh Brann
Kalispell, MT · Member since 2015 · 7 posts · 0 votes

Hey everyone,

Super happy to be apart of BP!! There is so much information it's overwhelming! I am just starting out and I have been researching like crazy. I am in progress of making a plan, but I have a ways to go. My situation is kind of unique in that I work for a general contractor managing construction of large solar fields...  I travel job to job, where a job can last anywhere from 3 months to a year. I am born and raised in Montana, and attended school in Chicago for Architecture. 

I guess because I have no permanent home, and travel all over the country for work it puts me in a unique position to invest in different areas.  I am interested in others that invest out of state or away from their home. What are some of the challenges and benefits do you see to this situation?

At this point in the game I am incredibly new and just beginning my education. Any and all input is appreciated!

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Peter MacKercherBusiness Member
Residential Real Estate Broker · Saint Louis, MO · Member since 2014 · 1k+ posts · 567 votes
11y

Welcome to Biggerpockets Josh. I am in STL please let me know if you need anything. 


In the meantime here are 9 tips to help you grow your business using BP:

1. New to BP? http://www.biggerpockets.com/starthere

2. Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

3. Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 100 past ones to catch up on.

4. Develop your own business strategy. -- Don’t just be a “jack-of-all-trades" Even though I am.

5. Grow your business by developing your business plan. - Remember there is a difference between goals and a plan. http://www.biggerpockets.com/files

6. Locate and attend several different local REIAs as they’re great opportunities to network and meet wholesalers, lenders, and contractors.

7. Stay away from the “guru” sales-pitch events - they rarely increase your investment knowledge, they merely empty your wallet!

8. Spend some time every day on Bigger Pockets by connecting with “colleagues,” perusing blogs and videos, and engaging with others on the forums: http://www.biggerpockets.com/meet

9. Set yourself up to receive free alerts to be notified of subjects that interest you: http://www.biggerpockets.com/alerts

[email protected]
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  • Brie SchmidtBusiness Member
    Moderator
    Real Estate Broker · Chicago, IL · Member since 2013 · 6k+ posts · 5k+ votes
    11y

    @Josh Brann - Welcome to BP!  My favorite thing to do in Chicago with out of towners is the Chicago Rive Architecture Tour.  After doing it 8-10 times I will still go do it cause I always learn something new.  I started investing locally and now invest out of state (it is only a 2 hour drive though) but feel the lessons and structure I learned doing it myself close by really helped me train and manage my PM out of state

    Podcast Guest on Show #132
    Second City Real Estate4.821 Reviews
    WebsiteView Page
    0Reply
  • Josh Brann
    OP
    Kalispell, MT · Member since 2015 · 7 posts · 0 votes
    11y

    @BrieSchmidt  Thanks a lot Brie. I have always enjoyed the Chicago River Architecture tour myself!

    0Reply
  • Patrick McGowen
    Investor · Belgrade, MT · Member since 2013 · 135 posts · 32 votes
    11y

    Welcome to BP Josh.  I am in MT also (Bozeman).  Seems like it would be a prime opportunity for you to pick up rental real estate with owner-occupant financing.  1) Buy a place at the beginning of a job with good financing (5% down, 30-yr fixed, low rate), 2) live in it for a year (or part of a year), 3) hold onto it as a rental and move on.  Just make sure the numbers work and you stack up that down payment.  Good luck.  Keep us all posted.  

    Pat

    0Reply
  • Josh Brann
    OP
    Kalispell, MT · Member since 2015 · 7 posts · 0 votes
    11y
    Originally posted by @Patrick McGowen:

    Welcome to BP Josh.  I am in MT also (Bozeman).  Seems like it would be a prime opportunity for you to pick up rental real estate with owner-occupant financing.  1) Buy a place at the beginning of a job with good financing (5% down, 30-yr fixed, low rate), 2) live in it for a year (or part of a year), 3) hold onto it as a rental and move on.  Just make sure the numbers work and you stack up that down payment.  Good luck.  Keep us all posted.  

    Pat

    Pat, this is a great suggestion... I really didn't even think about this. Thanks!!

    0Reply
  • Peter MacKercherBusiness Member
    Residential Real Estate Broker · Saint Louis, MO · Member since 2014 · 1k+ posts · 567 votes
    11y

    Welcome to Biggerpockets Josh. I am in STL please let me know if you need anything. 


    In the meantime here are 9 tips to help you grow your business using BP:

    1. New to BP? http://www.biggerpockets.com/starthere

    2. Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

    3. Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 100 past ones to catch up on.

    4. Develop your own business strategy. -- Don’t just be a “jack-of-all-trades" Even though I am.

    5. Grow your business by developing your business plan. - Remember there is a difference between goals and a plan. http://www.biggerpockets.com/files

    6. Locate and attend several different local REIAs as they’re great opportunities to network and meet wholesalers, lenders, and contractors.

    7. Stay away from the “guru” sales-pitch events - they rarely increase your investment knowledge, they merely empty your wallet!

    8. Spend some time every day on Bigger Pockets by connecting with “colleagues,” perusing blogs and videos, and engaging with others on the forums: http://www.biggerpockets.com/meet

    9. Set yourself up to receive free alerts to be notified of subjects that interest you: http://www.biggerpockets.com/alerts

    [email protected]
    1Reply
  • Jon HuberPro Member
    Rental Property Investor · Boca Raton, FL · Member since 2014 · 1k+ posts · 713 votes
    11y

    @Josh Brann

    Welcome to the community! BP has a tremendous amount of information to help you, but it is only available if you seek it out. Be sure to be as active and engaging as possible. Read blogs, post questions, and the podcasts are gold! The best free education you can get. Good luck!

    0Reply
  • Deeb Dweik
    Elburn, IL · Member since 2014 · 5 posts · 0 votes
    11y

    @Josh Brann Welcome to BP.  You are right .. a ton of information and it can get overwhelming.  Take it slow and learn as much as you can. 

    The first property is the hardest!

    0Reply
  • Josh Brann
    OP
    Kalispell, MT · Member since 2015 · 7 posts · 0 votes
    11y

    Thanks everyone for the support! I really appreciate it.

    0Reply
  • John HornerPro Member
    Flipper/Rehabber · Columbus, OH · Member since 2013 · 1k+ posts · 655 votes
    11y

    Welcome and good luck!

    0Reply
  • Elizabeth Colegrove
    Hanford, CA · Member since 2013 · 5k+ posts · 1k+ votes
    11y

    Welcome to Biggerpockets!

    You found the place to be! You will find no better place to build a solid platform than bigger pockets. The one thing we all agree up on is that we invest in real estate. Beyond that everyone has a different niche!

    Have you thought about buying a house as a personal in every place you are and than renting it out when you move on? Great way to invest per diem and leverage a transient job. My husband is active duty navy so we have learned how to leverage a transient career.

    The key is to figure out your goals, current "resources" and build a plan from there. When we started 3 years ago I never imaged we would be on the current road that we are own. On the other hand, keeping a consistent goal (early retirement) has allowed us to turn lemons into lemonades without forsaking the true purpose our goal.

    We are buy and hold investors who invest in class A properties self-managing from a distance while working full time. So we do work on furthering our careers. We live very frugally allowing us to live off of one income and save the other. We have further our career and used the W2 income to leverage our real estate portfolio.

    I highly recommend you also check out- the blogs, forums and listen to the podcasts. If you see a post you enjoy check out the persons signature. As many of us have created resources around our niche (websites, blogs, etc) so checking out the signature is a great to get more information. Make sure you don't miss out on networking is by filling out your signature, profile and pming people with questions.

    Look forward to seeing you around! Let me know if I can help! Good luck!!!

    1Reply
  • Josh Brann
    OP
    Kalispell, MT · Member since 2015 · 7 posts · 0 votes
    11y
    Originally posted by @Elizabeth Colegrove:

    Welcome to Biggerpockets!

    You found the place to be! You will find no better place to build a solid platform than bigger pockets. The one thing we all agree up on is that we invest in real estate. Beyond that everyone has a different niche!

    Have you thought about buying a house as a personal in every place you are and than renting it out when you move on? Great way to invest per diem and leverage a transient job. My husband is active duty navy so we have learned how to leverage a transient career.

    The key is to figure out your goals, current "resources" and build a plan from there. When we started 3 years ago I never imaged we would be on the current road that we are own. On the other hand, keeping a consistent goal (early retirement) has allowed us to turn lemons into lemonades without forsaking the true purpose our goal.

    We are buy and hold investors who invest in class A properties self-managing from a distance while working full time. So we do work on furthering our careers. We live very frugally allowing us to live off of one income and save the other. We have further our career and used the W2 income to leverage our real estate portfolio.

    I highly recommend you also check out- the blogs, forums and listen to the podcasts. If you see a post you enjoy check out the persons signature. As many of us have created resources around our niche (websites, blogs, etc) so checking out the signature is a great to get more information. Make sure you don't miss out on networking is by filling out your signature, profile and pming people with questions.

    Look forward to seeing you around! Let me know if I can help! Good luck!!!

     Elizabeth, Thanks for the insight! I just listened to the podcast that you spoke on. Very good information. 

    0Reply
  • Tom Keith
    Investor · Longview, TX · Member since 2012 · 631 posts · 186 votes
    11y

    @Josh Brann welcome to BP Josh. Looking forward to seeing your plans and ideas. 

    0Reply
  • Dave VisayaPro Member
    Moderator
    Audio Engineer and Investor · Cebu City, Cebu · Member since 2013 · 7k+ posts · 881 votes
    11y

    Hey @Josh Brann welcome to the site! It's great to have you! Feel free to jump right in the forums here and also check the Learn tab above to check lots of free resources. 

    BiggerPockets
    0Reply
  • Larry Fried
    Investor/RE Broker · Eugene, OR · Member since 2014 · 3k+ posts · 968 votes
    11y

    @Josh Brann 

    Hello and welcome to BP!  I can tell you that so far, I invest only out of state and utilize turnkey providers to do so.

    0Reply
  • Brian Johnson
    Rental Property Investor · Oldsmar, FL · Member since 2014 · 238 posts · 61 votes
    11y

    Welcome to BP.  This is the best resource for real estate I have ever came across in my over 10 years experience.  I still learn and still make my share of mistakes. 

    0Reply
  • Josh Brann
    OP
    Kalispell, MT · Member since 2015 · 7 posts · 0 votes
    11y
    Originally posted by @Larry Fried:

    @Josh Brann 

    Hello and welcome to BP!  I can tell you that so far, I invest only out of state and utilize turnkey providers to do so.

     Thanks Larry, I will definitely look into turnkey providers.

    0Reply
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