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Updated over 8 years ago on . Most recent reply
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Newbie from Lehi, Utah
Hi everyone,
Grant here born, raised, and living in Utah. I have no background in real estate but am interested in learning and investing. I have a full-time job that I enjoy at a tech company and plan to continue working for the next few years. While working, I will connect with and learn from successful mentors and invest part-time.
I'm still reading and trying to outline an investment strategy, but I'm anxious to get started.
My goals (though somewhat ignorant at this point) are as follows:
- Short Term: Buy a single-family home and convert it to student housing by end of 2016. Continue to learn and hone in on a specific investment strategy that I feel comfortable with.
- Mid Term: Do 10+ deals using my focused strategy (e.g. buy and hold single- multi-family homes, flip single-family homes, wholesale, etc.) over the next 1-5 years and generate cash flow.
- Long Term: Buy vacation rentals to facilitate family travel. First one in St. George by 2020, then go from there to find vacation destinations that my wife and I are interested in and find good properties nearby. We love to travel but don't get to do it much.
I'm excited to learn from the many who have been successful at real estate investing and hope to achieve similar success.
-G
Most Popular Reply
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Welcome! You have some great goals! I always suggest people to listen to the podcasts on here. They are very informative. In these podcasts, they interview people who are active and successful in real estate and want to share some knowledge and advice. It sounds like you are interested in some student housing. I listened to a podcast the other day about a guy who found his niche in student housing and has become very successful from it. That podcast is number 140. Go ahead and listen to that one and any others that stand out to you. Feel free to ask me questions and contact me at anytime, Grant. I wish you the best of luck!