New Guy from Grantsville, Utah

[Matt Gallacher]

Hello all,

My name is Matt Gallacher and have lived in the Salt Lake valley my entire life until 2 years ago when we hopped the mountain range and settled in Grantsville.  When I grew up I had pastures in my back yard and since those days in Salt Lake County are over, we ran to Tooele County to enjoy the quiet there until the sprawl makes it out this way (I'm a small town guy at heart).  During the day I'm a financial analyst for USANA Health Sciences and I enjoy my job there.

I had a college professor who was a huge success in real estate and he opened my mind to not only real estate, but just having an investor mentality.  Up until last year I had a Ramsey/saver view on things but didn't do things like make sure that I was getting the best return I could on my money.  

During the last 5 months I've been listening to real estate podcasts morning/night and have become hooked.  Rod Khleif, Tyler Sheff, Grant Cardone, and of course, Bigger Pockets to name a few.  I finally made the jump to come introduce myself on the forums.  

I consider myself very much a newbie and am eager to learn and get to know other investors.  I'm hoping to pick up a rental property soon and have been working with a broker to try and find one.  I'm amazed at how expensive these are in SLC relative to their income.  My CPA told me that he believes most investors don't even hope for cash flow within 5 years and just invest for equity growth which just seems insane to me.  So I've very interested to know how people make a go of it in this market.  

Anyway, I'm looking forward to learning from and with you all and hope we can connect. I plan on attending my first REIA meeting this month. Say hi if you are there!

Matt

[Matt Gallacher]

@Amy Kendall

Thank you Amy!  That's good to hear.  I'll keep at it but I've heard from many folks that it is tough going right now.  My priority is multi family, but if I saw a killer deal on single family, I wouldn't pass it up.  I walked a single family a bit ago thinking it would be a good flip opportunity but the math didn't work.  

Thanks for saying hi and we'll see you around.