All Forum Posts by: Ryan Bergevin

@AJ Shepard I appreciate the advice. I'm 45 and I'm not ready to put the rocking chair on the porch just yet. I'm enjoying my career in commercial lending but I've never been a fan of the 9 to 5. I think I would enjoy being able to focus full time on real estate.

@Jordan Moorhead I'll check it out. I assume you've gone through it? Have you purchased a property?

@Don Spafford I see you're in Idaho Falls, which is a market I'm interested in. I will PM you at some point.

@Brenden Mitchum. I would definitely like to hear your thoughts on MHP. I will reach out shortly

@Tristan Young Thank you. I will reach out to you shortly

I am wondering how best to expand my real estate investments. I currently have 5 MF properties with 14 units. I am currently working on cash out refis for 2 of my properties. With that and a HELOC on my primary residence I should have about $200k to invest within the next month or two. For those of you who have already expanded past this point, if you could go back to when you had just a few units what would you do if you had $200k to invest? For some background, I live in Salt Lake City and my current rental properties are in Ogden, UT. I have started looking in Southeast Idaho (Pocatello, Blackfoot, Idaho Falls and Rexburg) but haven't found anything yet. I'm open to investing in syndications but don't know if that is better than investing in individual properties at this point. I would like to get into larger apartment properties or commercial properties. I'm also interested in self-storage and mobile home parks. My goal is to build up my portfolio and cash flow to the point where I can quit my day job and focus entirely on real estate within the next 5 years.

In 2018 I sold 2 SFRs in SLC and used the proceeds to do a 1031 exchange into 5 MF properties in Ogden. I went to Ogden since even in 2018 it was almost impossible to find a deal in SLC that cash flowed. The properties I bought in Ogden were all older and needed work, some more than others. This was before I started following Bigger Pockets and certainly before I heard about BRRRR. With all the work I had to do on the properties I didn't cash flow until earlier this year, about 1.5 years after buying the properties. They're cash flowing now but since I almost bit off more than I could chew I'm going to catch my breath and enjoy the positive cash flow before I jump into other properties. I've been keeping an eye on investment properties in Ogden and it seems that purchase prices have gone up quite a bit, to the point where it would be difficult to find a deal that cash flows (even without a lot of repair expenses.) I'm thinking I'll need to find other areas to invest.