All Forum Posts by: Chris Duzan

@Douglas Larson

Thanks! But right now we don't really have the luxury of time so I don't believe we'll be able to visit the area. We'll probably end up at an apartment complex for a short period of time while we get a feel for the area.

Being a SoCal guy I'm assuming you miss having a beach around. I hear there's a lot of outdoorsy things to do around SLC, which I'm excited about, but I'm kind of a beach bum and will need to scratch that itch at least once this summer. I was wondering if you ever make trips back to California or any other beaches and how long that takes.

@Becca Tew

Thanks for the specific neighborhoods to look into. Not sure if we will have that luxury at this point in time though since it's kind of last minute. But I will definitely keep that in mind when we're looking for a slightly more permanent place. Seasons on Boulevard might be the way to go if it's that convenient to campus. 

Also, regarding the heavily cultured areas you mentioned. Are there rules or some type of etiquette I need to learn about ahead of time? I just don't want to be put in an awkward position or put someone else in an awkward position because of my ignorance.

Thanks! 

@Mark Taylor

Thanks for the pointing us at KSL. This looks like what we've been looking for. And yeah, it seemed like Craigslist was really under-utilized when we were looking around on there.

I would be okay with living in a basement but I don't think I can say the same for my fiance, haha. We're looking for somewhere that we have a full unit to ourselves. Probably have a better chance getting her into a duplex or something similar.

At this point in time we're not too picky on what kind of housing it is. SFH is preferred, but townhomes, condos, multi's, or apartments are not off the table.

@Aaron Knoll

We would like to be within a 20 minute drive to the University. I'm not really sure how bad the traffic gets there but if it's anything like Atlanta or DC I want to minimize as much driving time as possible.

We have a budget of $1,500/month but we've really been trying to stick in the $12-1300 range. We're trying to keep it small for now. Looking for a 2/1 or 2/2 that allows medium sized dogs (~40lbs). We would like a back yard or at least a near by park to walk the dog. I will be working from the house so some kind of extra room would be good for a home office but it is not required.

And lease-wise, we were looking for a 6-month lease. We thought that would give us enough time to actually move and settle down and start actually learning the area and figure out where to go from there.

Regarding the investment question, I don't know much about the market and I'm still just starting my investing career (I own one property in Columbia, SC) but I'm usually looking for SFH. I hate to to shut myself out from other opportunities though so I think it's worth mentioning that I would be interested in the right small multi-family property.

And thanks for the information on the different areas to look for and look out for.

@Becca Summers

Thank you for the offer but we would like to be pretty close to the University. If we end up staying for a while we might be looking further out, but right now we are just looking at downtown Salt Lake City.

Hey Guys,

My fiance just got a job working at the University of Utah and we will be moving to Salt Lake City from South Carolina at the beginning of May. I'm interested in investing in the area and would really like to network with anyone there but right now we're kind of scrambling for a place to rent out, at least until we learn the area and find a house, since it's kind of last minute. We've had some input from her soon-to-be coworkers but I would like you guys' opinions on what the good and bad areas are and any other useful information. Also, if anyone has a rental opening up in May we would love to hear about it.

Thanks ahead of time for any assistance,

Chris

Thanks for the replies guys! This is making me sit down and really plan out what it is I'm doing and the best way to go about doing that. Build up our portfolio as quickly as possible while at the same time mitigating risks and not getting over-leveraged.

Hey guys,

First, I want to start off by saying that my business partner and I have started our own company and we successfully bought our first property just recently. We plan on rehabbing it and then renting it out so we're super excited about that! But on to the question at hand...

I wanted to ask if the way we want to do business will spread us too thin, especially for just starting out in RE. We're definitely still learning the ropes as we go.

I have spent the past year or so studying buy & holds, so this is where I have most of my RE knowledge. My partner on the other hand is interested in fix & flips and he's been sort of in charge of learning the in's and out's of that. I definitely see the need for rehabs in order to build capital for more projects. So we're interested in doing both sides depending on how the numbers look one way or the other and these 2 pieces are included in our business model.

But when it comes down to it, we don't have a lot of capital to get started on either type of project (the house we bought we got for next to nothing because of fire damage). So we decided to look into wholesaling and have started to begin the process of that. We figured we could build some capital doing this and learn how to acquire properties at a discount for when we have the money to buy another property. So now we've included this in our business model also.

After the long winded background, my question is, do you think we're too spread out for just getting started? I hear a lot of people say that you need to find your niche and focus on it. But it makes since to me to have 3 outs for every possible deal we find (wholesale it, flip it, or rent it). It sounds like a good idea on paper, but is this actually going to hurt us because we become a jack of all trades and a master of none?

I would love to hear your thoughts, criticisms, and concerns.

Thanks!

I want to aplogize ahead of time if I chose the wrong type of ad. I didn't know if I should be promoting a property or looking for a lender. But on to the post...

I was contacted today by a restraunt owner in the Columbia, SC area looking for an investor to help him finish his restraunt. I don't have any expertise in this area and don't pretend to but I would still like to help this guy out. So I'm looking for anyone that might be interested in investing some money to finish up this restraunt. There wouldn't be any other work dealing with this project, he's just looking for a lender. I have no tie to this property and am not looking for any kind of referral fee. Just trying to help someone in need.  Please contact me if you are interested in learning more. 

Chris Duzan

(803) 563-8740

[email protected]