All Forum Posts by: Chris Marston

@Becca Summers What are some good ways to research my market of choice? Obviously going to my local REIA and other meetups and talking with people that are currently investing in my market is a good way to do this, but are there other online resources? Also, are there any criteria I should look for what strategy is best in my area? Thanks!

@Brandon L. Thanks for the articles! They were a big help! Good tips on finding a solid agent.

I'm currently trying to pin down which strategy to focus on first. I know my long term goal is buy and hold, but to get started I wanted to begin with the most viable strategy for my area, the Salt Lake valley and possibly the Park City area, which may be flipping, BRRRRing, etc.

To do this I need to figure out what my market best supports. Can you give me any advice on how to determine what strategy best fits my market?

Thanks again!

@Account Closed Thanks for the tip. That's a lot of stuff to take into account and exactly why I wanted to ask about this. My personal preference is to do ROI calculations. At least until I'm comfortable with everything.

@Bryce Jensen Thanks for the meetup recommendations. I'm not going to be able to attend until mid-December, but if you go before then, let me know.

@Cherie Orellana Thank you for offering to let me stop by your property! That is so generous! I won't have the time until mid-December (university finals week is approaching), but I would be happy to stop by then if you are still working on the project.

Can I ask what a hot sheet is? How do I go about signing up for them? From what I can tell they are part of the MLS, which would mean that I need a real estate licence to access them, something that I don't have.

Also, I presume you are the owner of platinumplacerealty.com. I went to check the site out and it appears to be down.

Hi All,

I'm a newbie investor from SLC (no deals yet). My long term goal is to ultimately build a portfolio of cash flowing properties that will allow me to spend time with my future family (getting married in June), have a flexible schedule, and travel the world.

I am currently trying to decide which strategy is best for the SLC area, as I would like to keep my first deal close to home, even if it means sacrificing a bit of profit. The knowledge that will come with it will be return enough.

If you are familiar with the market in the SLC area, I would love to hear your thoughts about the viability of different strategies (BRRRR, Flipping, Wholesaling, etc.) in SLC.

Any and all advice is welcome as well.

Oh! And are there any good REI meetups in SLC?

Thanks!

Hi all,

I am a newbie making an effort to analyze properties on a regular basis to help me learn the ropes before I purchase my first property.

What I would like to know is how should I calculate predicted returns on a house flip during my initial analysis of the property? I know you can use Cash on Cash Return for Buy and Hold (Annual Cash Flow/Total Investment = COC), but can I do the same for a flip but replace Annual Cash Flow with my predicted profit from the flip? And of course this metric would have a large qualifier on it.

Are there other ways to predict expected returns on house flips?

Thanks!

@Lesley Resnick That makes more sense now. Thanks for laying it out clearly like that.

@Mindy Jensen Thanks for the article! Super helpful!

@John Hovanec Now that you mention it, I remember listening to a recent episode on that as well. It'll be in the last 10 episodes as that's when I started listening. I didn't pick up on it the first time round because I wasn't sure what they really meant, being new and all. I'll have to go back and listen to that bit again. Thanks!

@Adam Gollatz Thanks for telling me about those different loan types. I'll need to do some learning about that part of REI. Interesting workaround as well. I'll keep that in mind going forward. Thanks!