All Forum Posts by: Joel Brown

I'm fairly new at real estate investing. I do own 2 rental condos (in Provo Utah), a small commercial office, and residential single family rental.  I attended a rich Dad Seminar/Infomercial in SLC last weekend with my son and didn't go for their hard sell. They drifted away from Roberts Mantra in his books!

I purchased my condos under the Rich Dad Poor Dad criterion of cash flow positive mantra and they have been making me a little money for 3 years (plus building equity and appreciating significantly). 

My son and I are wanting to learn and gain experience as true real estate investors, and I don't think paying $20K-60K for advanced training and mentor-ship is the only way to be successful.  I'm interested in finding deals and working with someone experienced to close them. Basically we'd find them and do the grunt work in exchange for learning and mentoring while hopefully both making some money.  I'm interested in the Boise, SLC, Provo, and St. George markets as well as North Central Idaho (where I live). I'm willing to help in any way so that I can gain experience with someone who has done the deals and know what pitfalls to avoid.  

Bigger pockets is awesome and the podcast invaluable. I'd just like to take it from theory to using it in the real world with real money and properties.

Thanks in advanced.

Add in some slush for condo's as my experience is that the renters tend to be a little higher maintenance and the HOA fee and assessments can go up. I've done well with the 2 I currently hold. Especially if you can buy one that you can upgrade tile and stuff you can up the rent to what the nicer units are getting in the complex. Very hard to get loans on a lot of condo's so work out financing before getting to serious because I took 4 lenders to get a loan on my first one even with a 810+ credit score and significant income and minimal debt ratio