Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Becca Summers

Becca Summers has started 5 posts and replied 398 times.

Post: Do a make tents sign a new contract?

Becca SummersPosted
  • Real Estate Agent
  • Highland, UT
  • Posts 407
  • Votes 272

I would make sure they are renters that you would want. If they applied in the future are they the type of renters you'd want? Just screen them like you would any other applicant. If they don't pass then keep them month to month until you have your reserve set and are ready to make a change. Unless you can afford to have turn over in the first month don't renew their contract give them proper notice and move them on. $1,200 for a duplex in Provo sounds pretty close to top unless its a four bedroom side by side. Good job jumping in and getting in to investing!

Post: FSBO or Realtor

Becca SummersPosted
  • Real Estate Agent
  • Highland, UT
  • Posts 407
  • Votes 272

You could ask them to print out the last 12 months of their production. It's not public record. Or ask another agent for the data.

Post: Newbie from Salt Lake City, Utah

Becca SummersPosted
  • Real Estate Agent
  • Highland, UT
  • Posts 407
  • Votes 272

Ruben wanting to buy by July you better start looking now. Once you go under contract it takes 30-45 days with most loans.

What areas are you looking? We have a great local community of BP's. Good luck!

Post: FSBO or Realtor

Becca SummersPosted
  • Real Estate Agent
  • Highland, UT
  • Posts 407
  • Votes 272

How would you show the property out of state? Do you have family that could stop by and show it at all hours?

To make sure your getting your money's worth is to interview a couple agents and vet their market knowledge. Or get referrals from your contractors.

Post: Serious Question! Not ment to offend anyone!

Becca SummersPosted
  • Real Estate Agent
  • Highland, UT
  • Posts 407
  • Votes 272

The reason I mentor new agents and investors is someone did it for me and it made a world of differance. This person is related to me and our SOI sphere of influence has a few of the same people in it. And he still chose to help me learn and grow and real estate. I also come from a place of abundance and I feel like there's always enough deals for everyone and enough clients you just have to work hard to prove your worth.

Post: Entrepreneur, but New To Real Estate Investing. Provo, Utah.

Becca SummersPosted
  • Real Estate Agent
  • Highland, UT
  • Posts 407
  • Votes 272

It sounds like you have a great goals and ambitions! Love to hear that. We have a great market for rentals here in Utah. 

Post: Salt Lake city / Utah - Building a team, bringing in investment

Becca SummersPosted
  • Real Estate Agent
  • Highland, UT
  • Posts 407
  • Votes 272

It sounds like your plan is to buy below the market rehab and then rent? Both cities you've chosen are great for that but definitely different dynamics like William mentioned. 

I'd love to be part of the team if you have a need of a Realtor. Honestly the MLS deals are few are far between depending on your criteria and you have to move fast to make it happen. Off market is the route to go right now.

Post: Determining Rent

Becca SummersPosted
  • Real Estate Agent
  • Highland, UT
  • Posts 407
  • Votes 272

Jace, last loan I did I gave them the last two years of my schedule C for all properties as it affects my debt to income ratios.

I've heard having landlord seasoning  isn't as big of a deal as it was and you can count the debt to income of the old home as soon as you have a lease and deposit in hand.

Post: Purchasing Only D Property Strategy - Do you recommend?

Becca SummersPosted
  • Real Estate Agent
  • Highland, UT
  • Posts 407
  • Votes 272
Originally posted by @Becca Summers:

D properties are higher Hands-On management or time-consuming you'd have to really trust your property manager.

I wonder if your management fee would be higher for the added stress and lower rental prices. Have you talked with a property manager in your desired cities? They could give you great feedback.

Post: Purchasing Only D Property Strategy - Do you recommend?

Becca SummersPosted
  • Real Estate Agent
  • Highland, UT
  • Posts 407
  • Votes 272

D properties are higher Hands-On management or time-consuming. We really don't have d properties. If you're from Utah you might consider West Valley and Magna ghetto if you're from other states you would laugh at what locals think is scary. Whenever I meet a new buyer I ask if they're from Utah or not to gauge how they'll feel about air quote ghetto areas