All Forum Posts by: Avery Robertson

I recently started with a new company that is paying for my housing, vehicle, and fuel. This has freed up my income substantially from where I was working previously. Looking for thoughts and suggestions on how to utilize these new funds for real estate investing. Please consider the following:

- Monthly savings: ~$4-5k

- Full time job: Traveling and always relocating

- No real estate currently owned

My wife and I have long term goals to live on a remote ranch and would like to use real estate investing as a means to get there. I don't necessary want to quit my job but having the option to do so is desired. We are both very hard workers and have a lot of ideas such as saving to buy investments in cash (takes a while), using private lending and keep the savings as an investment rainy day fund, and others, but it always helps to get a second opinion.

Any recommendations on ways to best utilize this new income would be greatly appreciated.

Thanks!

I can definitely relate to wanting to live on a remote ranch! Early in my career I worked on cattle ranches, then started doing farm and ranch loans for seven years, and now have been doing hard money lending and other real estate investing. Making income and growing wealth outside of agriculture can be a great way to get into it in my opinion.

Have you already started using private lending in your portfolio?

0 Votes

Bakersfield, California

Hey Caleb,

There are a couple local REIA groups that would be good sources to come network with local investors. The PokyREIA meets the first Tuesday of the month and the East Idaho REIA meets the 3rd Thursday of the month in Idaho Falls. It can be hard to take that first leap or know how to get started so I've found it helpful to network with others doing the same thing!

0 Votes

Pocatello, Idaho

Quote from @Don Spafford:

Quote from @Avery Robertson:

Hey Roger, thank you! My partner and I are both in the Idaho Falls area and the project is in Nebraska. He has two performing parks already in Nebraska.

Hey Avery. Not sure if you knew this, but I am originally from Nebraska. Had I known about this I could have given some possible insights, depending on where it is of course. We'll have to talk sometime, I'd love to hear about it.

Hey I had forgotten that. That'd be great to visit with you sometime, especially if we look at any other parks.

1 Vote

Quote from @Gino Barbaro:

@Avery Robertson

looks like great terms. No management fee is a big break for you

Good luck

Gino

Thanks! Trying to learn from my mistakes and others haha.

3 Votes

Quote from @Gino Barbaro:

@Avery Robertson

Is your partner charging a mgmt fee? Are you getting all of your capital back first, or is it going to be split 50/50? The same with a refi.Do you get your capital back and then it gets split 50/50.

Gino

Hey Gino, yes all my capital is returned first in either scenario and then things are split according to our ownership. No management fee.

2 Votes

Quote from @Kara Johnson:

Congrats! I would so love to talk to you about this! We were in Eagle near Boise but are now in Sagle up by sandpoint. What about you?

I am in East Idaho outside of Blackfoot. Send me a message and I'd be happy to visit! I love Sandpoint, I need to get up to North Idaho again.

0 Votes

Hey Roger, thank you! My partner and I are both in the Idaho Falls area and the project is in Nebraska. He has two performing parks already in Nebraska.

0 Votes

Hey Kara! We ended up doing a 60/40 split. I definitely see the different perspectives such as Samuel's as far just taking it down myself. I'd be happy to connect and discuss my reasonings further! We just closed on it on Friday. What part of Idaho are you in?

1 Vote

Welcome Cody! What kind of property are you looking for?

0 Votes

Hey Matthew! Are you going to BYU-Idaho? I graduated from their agribusiness program. I spent 7 years writing farm and ranch loans for Idaho AgCredit in Blackfoot so totally understand the hurdles farmers face, let alone beginning farmers. I have my real estate license, run a hard money lending company, and invest in real estate as well. Tomorrow there is a real estate investors meetup in Idaho Falls. It'd be a great place to come network. Send me message if you'd like to connect more.

0 Votes

Idaho Falls, Idaho

All Forum Posts by: Avery Robertson

Avery Robertson has started 14 posts and replied 69 times.

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