All Forum Posts by: Zayne Ruth

@Jonathan Greene this helps me a lot, thank you. I wouldn't even be considering OOS for my first deal if my market wasn't so competitive with little deals to offer. I'm only feeling a little overwhelmed due to my lack of experience in comparison to the competition. Could you suggest anything I would be able to do to put me ahead in such a market?

@Casey Christensen this is excellent information, thank you so much Casey. I'll definitely be reading that book here shortly.

@Jonathan Greene ideally I would find a deal on SMF locally and house hack. I wouldn't want to move out of state as I've been rooted here in Northern Utah. If I'm unable to find a deal here I was curious if investing elsewhere for my first deal would be a not so great idea. Hope that clarifies things a little better. I do have a relatively close family member who invests OOS and seems to be doing well but the area that he invests in wasn't my first choice. Would you recommend mimicking him and try OOS investing close to his area and use him for guidance?

@Casey Christensen that was going to be the next book for me to read. How do I determine if the person I want to be on my team is trustworthy and reliable if I dont have anyone I'm familiar with in the area I want to invest? How do you suggest that I filter the bad ones from the good ones? Trial and error? Or is there a more efficient way?

@Pat Tobin house hacking to start with. Although I dont want to stop there. I want to get into the game with the house hack and continue on by buying SFH and SMF whenever I'm able to until I'm ready to scale upward. I'm primarily interested in rentals.

@Michael Cox how do you feel about the Northern Utah market? I'm in Layton and I'm having a hard time finding anything that would be considered a deal. What would you recommend?

How does everyone feel about someone who is a first time investor investing in long distance SMF rentals due to the rental market in local area being dismal? (Northern Utah)

@Ryan Mertens

So would you recommend going straight into the multi family and start house hacking with a duplex or a triplex without the initial flips to get some income? Also if I don’t Make as big of a down payment on a duplex that would hinder the opportunity for cash flow wouldn’t it?

@Ryan Mertens 

Currently I have approximately 5k and still saving. Would I want to take advantage of first time buyer rates when it comes to the down payment or should I make a bigger down payment to have a smaller mortgage? I’m open to most price ranges although I have been looking at 150k-250k cause I’m having a difficult time finding cheaper at the moment.

I am decently new to the idea of real estate investing. I have been studying, reading and learning as much as I can over the past year and feel confident that I would be successful if I could get the ball rolling. I live in Northern Utah where the housing market is quite expensive  even when it comes to distressed properties. I'm currently saving up for a down payment to possibly flip a house or two and then use the profits from the flips to purchase a small multifamily property to house hack. Although it is taking a longer amount of time than I would care for to reach the amount of money I would feel comfortable with having prior to me searching for and making a deal. I'm here to ask the people with more experience than I on how to begin this process in the most efficient way possible. I have never purchased a house and only have the knowledge I have attained over the past year with BP books, Robert Kiyosaki books, BP webinars and personal mentors who are investors themselves although they invest out of state. 

I appreciate all replies and look forward to hearing from those who may respond to this post.