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All Forum Posts by: Amy Kendall

Amy Kendall has started 26 posts and replied 386 times.

Post: Timing Saratoga Springs, Utah/Utah county purchases

Amy Kendall
Agent
Posted
  • Real Estate Broker
  • Lehi, UT
  • Posts 397
  • Votes 317

@Nik Krohn

@Yuki Inui  Has some great points.  I own a townhome in Saraotga Springs I bought last August. It was new construction.  The numbers worked for us and it has proved to be a solid investment.  I would agree with @Justin Hammond Make sure the numbers work for you.  I have owned rentals for almost 11 years here in Utah.  I survived the last market crash with my rentals.  When buying at the peak make sure you have solid numbers.  Take into account how long you think you will own the property, and average real estate cycles. I really like Saratoga Springs too, it's a nice area!

Post: Pleasant Grove Condo

Amy Kendall
Agent
Posted
  • Real Estate Broker
  • Lehi, UT
  • Posts 397
  • Votes 317

Owner of this property is highly motivated, they are closing on their property in 30 days. They would like to use money from this sale for 1031 exchange. This is a very good area. HOA is $205/month. Includes Pool!

Post: TOP 20 Cities to invest in 2017

Amy Kendall
Agent
Posted
  • Real Estate Broker
  • Lehi, UT
  • Posts 397
  • Votes 317

Go Salt Lake City!!! :)

Post: How long between price drops on vacant land? How to market?

Amy Kendall
Agent
Posted
  • Real Estate Broker
  • Lehi, UT
  • Posts 397
  • Votes 317

Is the land build-able?  Can you subdivide and market multiple lots?  Would the land need improvements to do this?

Post: Real estate breakdown

Amy Kendall
Agent
Posted
  • Real Estate Broker
  • Lehi, UT
  • Posts 397
  • Votes 317

Love to help, what specifics of that deal could I help you on?

Post: Just passed my salesperson exam! Advice?

Amy Kendall
Agent
Posted
  • Real Estate Broker
  • Lehi, UT
  • Posts 397
  • Votes 317

@Steve Porcello @Brad Kelly

Yes, you guys will want to check what it is for your state.  Every state is different!  

Utah requires 60 points, a 60 hour course, and the exam. It's closely tracked here :)

I am sure you will have no problem covering your costs just doing your own deals! I think it is worth having just for that!  As I stated I started just like you! I think you will be just fine, without selling or helping others buy!

Post: Just passed my salesperson exam! Advice?

Amy Kendall
Agent
Posted
  • Real Estate Broker
  • Lehi, UT
  • Posts 397
  • Votes 317

@Steve Porcello Congrats!  I Started with the exact same motivations!  I knew I would be purchasing at least 1-2 homes a year.  So I found a discount broker to start with. It is someone who only charges a nominal fee per transaction.  They don't do splits or monthly fees etc. Those types expect that you want to do your own thing and don't mind to much if you do to much volume.  So I would say find one of those.  On the other hand, in my opinion it is really expensive to keep your licensee up if you are not doing at least a couple transactions a year (at least in Utah). Also if you want to get your brokerage license you may want to check how many points you need in addition to the time requirement.  The state only gives us a fraction of a point per transaction and you have to have quite a few points in addition to the 3 years here in Utah anyway.  

Good and bad about being at a discount broker: 

Good: Cheap, and they don't care what you do.  You never have to answer to them.

Bad: They also offer very little support in general and don't have huge motivation to help you. :)  So you get minimal help on learning good negotiating and actually being good at following deadlines and understanding how to protect your client (yourself) in a transaction. 

All I can tell you is that I have experience in both and I find great value by being at a brokerage where I have access to so many amazing minds, it has helped me to become a great agent, for me and for my clients ;) 

Best of luck, I believe we all find what works best for us!

Post: ISO: Accountant w/ 15+ years of Real Estate experience.

Amy Kendall
Agent
Posted
  • Real Estate Broker
  • Lehi, UT
  • Posts 397
  • Votes 317

Sorry, I am not sure if this is allowed, but Ben DeGraw at DBN tax is amazing.  He does accounting and has a vast knowledge of real estate investing. They have a salt lake office and a Lehi office.  I have used him for years.  He's wonderful! 

Post: Newbie in Utah looking for Network: Agent, Lender

Amy Kendall
Agent
Posted
  • Real Estate Broker
  • Lehi, UT
  • Posts 397
  • Votes 317

@Dan Lukens Thank you so much! I love investing! I like to help people build wealth as it is one of my goals as well so I know how exciting it is! I would love to help both of you guys!  I own 5 right now and I love seeing others success, as each person is is so different with their goals~ 

@Grant Keaton

@Olivia Hansen

Post: Alternative to turnkey purchase

Amy Kendall
Agent
Posted
  • Real Estate Broker
  • Lehi, UT
  • Posts 397
  • Votes 317

In my opinion both options could be a bit scary, you need to vet your turnkey company, ask for past clients and current clients to get some referrals. Fly out to see the properties and neighborhoods, drive them yourself, ask for a tour. See if you can talk to other folks who have done business with them. @Patrick Anibaldi has great advice as well.  PM  that knows the area, and the tenant types. I would call a few and I would also call a few agents in the area to see about those particular neighborhoods. There are some good podcasts on vetting turnkey companies. Also this is a great place to find helpful people.