All Forum Posts by: Spencer Keables

So I have been been reading a lot about investing in real estate and I'm  trying to educate myself as much as possible before I purchase my first property! I am really hoping that within the next year I can purchase a smaller multifamily unit. I was thinking either a duplex, triplex or a fourplex. I really like the idea of house hacking, I'm pretty sure thats what they call it; living in one unit and renting out the others. 

Anyway I have been looking on the MLS and it seem that nothing in and around the Provo/American Fork area meets the 1% rule. Is it possible to find a property that will meet this general rule? On one of the podcast I remember either Josh or Brandon saying that they won't purchase anything below the 1% rule. I wonder if I should have the same mindset with investing in Utah or are there exceptions to these rules when it comes to investing in certain parkers!

Im reading "The ABC's of Real Estate Investing" by Ken McElroy and he talks about cold calling owners and looking for properties if the MLS doesn't have what your looking for. Would that be a way of finding a property that meets the 1% rule in markets like Utah? Any advice would be greatly appreciated? Thanks!

Happy Birthday @brandon turner 

@Brandon Turnerundefined

I got it figure out! Thanks Dave Visaya

Ok for some reason I can't figure out how to complete my profile! I am at 88% complete with the occupation section being the only section left for me to fill out. I think I'm filling it out correctly but it never says I have completed my profile. Its probably something simple, that I am missing! I feel dumb for asking but I can't figure it out. 

Also be sure to check out the podcast if you haven't already! They are way interesting and really get you stocked about investing in real estate! Enjoy BP it is a great tool! 

Welcome to BP! I have only been a part of BP for a few weeks now and I am just getting started in real estate. I think you will really like this website. There is so many resources here like these forums, the podcast, and hundreds of articles. I have learned so much in the past few weeks and I feel like I have barely scratched the surface to all BP has to offer.  I wish I could be more helpful, but seeings how I am pretty new ill leave the advice to the more experienced. 

Hey Christy Barton, thank you for the response. I didn't realize that there was a place on BP for top rated books, Ill definitely check that out. I am currently reading Rich Dad Poor Dad and I love it. I have listened to part of Millionaire Next Door and I also found that one to be really motivating. Ill put the ABCs to investing as my next book to read. I feel like I have a lot of learning to do before I can jump into the game. Thanks again for the response! 

So I'm looking for a few books that I could read about investing in real estate. I want to learn more about buying rental properties for the cash-flow and retirement. Any recommendations? 

Awesome thank you guys so much for the comments and the advice. I actually was looking  into places both in Provo area and Boise. I hadn't put much thought into a duplex or a fourplex, but ill definitely keep that in mind as I'm looking around. I'm trying to spend as much time as I can educating myself and preparing myself to start investing in real-estate and it seems that BP is the best place for all that. I want to make sure that I am learning the proper techniques to finding good deals, because the thing that scares me the most is paying to much for a property. If me and my wife decide to go with the mobile home we will definitely keep it under $20k. If we can pay it off quickly that that would allow me to start putting more money aside for grad school and more investments. I do really like the sound of a duplex, living in one side and renting out the other! I'll definitely look more into that. Thanks again for the advice and helping me feel more confidant about my decision. 

Alright so this is my first time posting anything, normally I just read other posts. I will be graduating with my bachelors degree in the next month, which means we will be moving to whoever I can land my first job, most likely Utah or Idaho. My goal is to work for a about two years before applying to grad school. My question is whether I should rent a place for those few years or should I look into buying a mobile home. Me and my wife are in the position where we could probably pay off the mobile home pretty quickly as long as we get a good deal. I like the idea of basically owning it and only having to worry about the HOA fees, which would allow me to start saving for grad school. If I were to pay rent, I would probably be paying around 700 a month and after two years I will have payed around 17,000 just for rent. Its hard for me to be wiling to put out that much money just for rent. Instead of just paying rent I wondering if it would be a better idea to buy a mobile home that I could either rent out once I go to grad school or just sell it. I just wanted to see what advice I could get from those who know how mobile home investing works.