New to REI from Utah

[Don Ashby]

Hello, I've been lurking about for a few months now and have enjoyed learning from you all on the great opportunity of real estate investing.

My primary focus will be on buy and hold of sfh. The goal is to average 2 a year until I have 10 homes. I will then reevaluate my position and possibly change some strategies.

I will most likely be closing here in the next week with my first property in Memphis. PM has already excepted a deposit on a tenant.

I'm excited to get started and also to continue meeting you all here on NO.

Sorry no picture yet. I'll get one soon. 

[Rebecca Belnap]

@Don Ashby great job, getting started is the hardest thing for most people.  I hope it goes well and you get good cash flow,

Brandon is right about moving to multi-families is a good move at some point, however there are some advantages for single families.  You can often get a single family for 15% down when multi is almost always 25%.  It's also a hard thing to come up the the down for even 1 unit.  It also really comes down to the best deal available at the time you are ready.  

"Why buy 1 when you can have 4 at 4 times the price?" That is a joke (since internet is really bad at getting vocal inflections right.  

Multi's are nice because they usually aren't 4 times as much for 4 units.  Less expensive to manage since they are all in one place.  Right now, the multi-family market is so high with all of the newbs with too much cash coming into the market, that almost nothing will break even.  Always run your numbers.