Updated about 6 years ago on . Most recent reply
Montana Newbie
Hey all,
Born and raised in beautiful Bozeman, MT, I've seen this small town boom and become a hot market with high-value homes. New construction is the main real estate market, and good deals for BRRRR investing seem scarce. "Fixer-uppers" here are listed at high prices and are still being bought. Honestly, sometimes it's frustrating to see other cities potential for short-term rehab/rent, long-term buy and holds, and flips, but I love this town and the people here, so I'll work with what I have. I've read and enjoyed Brandon Turner's Book on Investing in Real Estate with Low (and No) Money Down and tuned into many BP webinars, and have learned so much. However, I'm trying currently to get past "analysis paralysis" and the strictly educational phase and start making things happen.
My husband and I experienced the real estate investing "high" by buying our first home (a manufactured on .25 acres) in 2012, doing some aesthetic remodel (prob $5k materials plus unknown hours of labor), and selling at great gain three years later ($115k purchase and $190k sell, woot woot!) Unfortunately, everything else has increased in price too, so we are kicking ourselves for not delving into REI sooner, when our dollars had more investing value. Hooray for creative financing though, right? Here's to good deals waiting to be found. Cheers!
Meghan
