All Forum Posts by: Darin Draper

Thank you all for your replies.

@Craig J Chelette I will definitely keep you in mind. Sounds like a great idea.

@Tobias Falzone I do understand about over-improving properties. That has been a concern, but I think over all, I would rather make a nicer place to live, then skimp and have it look bad. In the end, I may not get my full return, but I know I will have improved the area.  Although, I would, of course, still try not to over do it. Losing money is the opposite of what drives this lifestyle.

@Kimberlee Kennedy Sounds like you have an advantage with having family in the business. That helps a lot, as I would hope you can trust them if you need quality work done. Ogden is a great place to invest, as like Tobias said, the city has been improving itself for years now. Many families are moving into the area. There are also new businesses coming in.

If you find a deal, you can always fix it up some, then rent it for a couple years first. The nicer home will attract nicer tenants, and in the end, more homes will be following suit. If people work together to fix up one block at a time, amazing things can happen.

It has to start somewhere, and someone has to start it. I have heard "It's the start that stops you" as well. It makes sense to me, and is also the scariest part of this adventure.

Howdy,

I am new to investing in general. I really wish I had gotten started 15 years ago, but better late than never.

I have been doing lots of research before jumping in to see what style would it me best.

My plan so far is to start with fix and flip options or wholesaleing. I would like to flip the first few properties so I can get a larger cash base to work with. I would like to get to a point where I can have at least three properties, (not necesarily at the same time, but the funds to aquire them) then I can start working on keeping some to rent/lease.

I am quite handy in remodeling and fixing most everything, so I can do most of the labor myself, (at least at first) to save money. But I also know some jobs are best left to the official professionals. 

When fixing properties, I do not want to just fix bare minimum. I want to make the properties are livable, but also desirable. I would rather spend more to make sure it is quality and build my reputation as a quality seller, rather than use the cheapest options.

The main opstacles I face are starting funds and where to start in general. I found BiggerPockets through my research and am loving this place. So much info.  I have looked into some seminars but was quite skeptical when they said, "We'll show you how it's all done, just pay us $4995." I'd rather spend the $4995 on a down payment or remodel.

Any help towards my plan, or thoughts about it are appreciated. I am going through the tutorials here on BP and am learning lots.

Thanks for being here.