New member from Utah

[Spencer C.]

Hello Everyone, my name is Spencer and I just moved to Pleasant Grove, Utah from San Jose, CA (where it was pretty much impossible to get into the real estate market..). Now that I'm in Utah it is much more doable and we're currently looking for multi-family units.

I just listened to a couple of Bigger Pockets podcasts and now am VERY interested in learning more about real estate investing. I am hoping to get a feel for what is a "good deal", as well as figure out tricks and tips along the way. We are looking at a house hack (i think that's what Bigger Pockets calls it) and I'd love to hear how newbies figure out if it makes sense for them. Looking forward to being apart of this community!

[Brandon Rindlisbacher]

@Jason Larsen thanks for the mention. Although it's a tough market here in Utah, house hacking is a great way to start. It made sense for me to build my own, but I would have eventually purchased if I could not have built. My thought was that I needed to live somewhere and I was tired of paying rent to make someone else rich. So worse case scenario, I would have bought a duplex or 4-plex and just treated myself as one of the tenants. Breaking even isn't ideal, but as time goes on, rents should increase and your debt service should stay the same (with a fixed rate loan of course). Again, I'd rather pay myself than put money into my landlord's pocket. You get the idea. Good luck guys!