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All Forum Posts by: Porter Linton Anderson

Porter Linton Anderson has started 5 posts and replied 17 times.

Post: QOTW: How long did it take you to purchase your first investment?

Porter Linton AndersonPosted
  • Real Estate Broker
  • Layton, UT
  • Posts 18
  • Votes 11

Took me much longer than it should have that's for sure. I think I came in just under 12 months after I started learning about real estate to my first closing. I am still working on being able to just let go of unnecessary fears and dive in when I find a good deal but, hey I think a lot of us are still in that space. 

I work as a real estate investment/development analyst full time and an agent and investor part time. I have spent the majority of my day working in real estate for the past several years and I am still more anxious about investing than I want to be. Maybe someday I'll get up to speed. Here's hoping!

Post: Learning Different Nuances in State Laws

Porter Linton AndersonPosted
  • Real Estate Broker
  • Layton, UT
  • Posts 18
  • Votes 11

I am just closing on my first deal out in Buffalo, NY and looking back on the whole thing I wish I had known more about the differences to expect going into this new market. Thought I'd ask the community to see if there is a nice resource for learning the small differences between different states when it comes to real estate transactions? Would have really helped save a bunch of unexpected conversations. Thanks!

Post: Getting over fears of the First Deal?

Porter Linton AndersonPosted
  • Real Estate Broker
  • Layton, UT
  • Posts 18
  • Votes 11

I have been reading forums and listening to the podcast for a good while now and am super excited to say after working and really pushing to make the vision I had when I first started learning, I currently have my first deal under contract! It is a nice group of brick buildings totaling 8 units.

Since we have gotten an offer accepted we have gone through the regular steps of getting different financials from the seller and the different pieces of the due diligence process. The numbers still indicate that we will have a great deal on our hands but there is always that small fear of an unknown issue. After the initial excitement of getting closer to a first deal I started to get nervous about the possibility of something going wrong.

I would love to know different thoughts people have about getting over nerves at this stage? I’m sure many BP members have been in this stage and have felt the nervousness of the unknown that lies before you on your investment path. I’d love to hear what others have done to keep their original motivation and get over the nerves that come with investing. Thanks!

Post: Contractors in Akron, OH?

Porter Linton AndersonPosted
  • Real Estate Broker
  • Layton, UT
  • Posts 18
  • Votes 11

Does anyone have any contractor recommendations around the Akron area? I am looking to build a list of people to meet with so I can move forward on finding my team for rehabbing. Thanks in advance for any responses!

Post: So what's holding you back?

Porter Linton AndersonPosted
  • Real Estate Broker
  • Layton, UT
  • Posts 18
  • Votes 11

I would say I’m being held back trying to find a deal that works for me. Trying to house hack and it’s a little tricky when there aren’t a ton of properties on the market near our day jobs.

I’m sure that part of my resistance is due to the fear of making a bad deal as well. I guess there are a lot of factors that are holding me back when I think about it.

Post: New Utah Rental Investor - Porter A.

Porter Linton AndersonPosted
  • Real Estate Broker
  • Layton, UT
  • Posts 18
  • Votes 11

Hey fellow investors!

My name is Porter A. and I am a recent college graduate from the University of Utah that is just getting into the rental investing game. I am extremely excited to be part of this community and look forward to the great new opportunities that could come through investing in real estate in Utah. I am always looking to learn and chat with other investors so feel free to talk to me! Thanks!

Post: Getting started in Utah

Porter Linton AndersonPosted
  • Real Estate Broker
  • Layton, UT
  • Posts 18
  • Votes 11

Hello, Bigger Pockets Community!

I am new to the investing game and am looking to start out nearby where I live so I have been looking into different areas within Utah. I have been struggling to find deals that are worth renting out due to the price of properties in Utah being relatively high. Any tips for a newcomer to the Utah market? Thanks!