All Forum Posts by: Derek Smart

@Monte Blunk I have some ideas send me a message and we can chat for a few minutes. I have purchased multiple properties using this strategy, and I can give some quick pointers so you can do it here locally as well. 

@Jim D. I purchase multiple properties each year here in the salt lake valley. I would be happy to chat with you for a few minutes how I am doing it. Send me a message and we can chat. 

@Andrew Morales one thing I did starting out was attend the local Real Investors Association Meetings there is one tonight in Sandy. We are speaking, and will give lots of great tips that you can use as you start out. 

www.slreia.com 

@Brittany Chesley

I would attend the local REIA events. The next one is this week. www.uvreia.com

Second I would pick up the phone, and start prospecting. I got 3 pieces of mail from different wholesalers, and another one is doing bandit signs in my neighborhood all in the last 4 days. 

@Lindsay Lafeen

Before I buy an deal I want to know my ROI. I start out by looking at my initial investment/Annual cash flow I don't see many condos that provide the upside of the appreciation, and the cash flow is generally less. Plus you have to worry about the HOA. Just a couple of things to consider.

If you are really interested contact a local Property Management company to give you a good idea of numbers especially if they manage other units in the same area. 

I am also going to UVREIA this week lots of great networking to help you out as you want to do more here locally. 

@Chris Potter

I am still finding lots of great deals here in Utah that makes it easier to manage since it is local. 

What is it about investing out of state you want to pursue?

@Matt Inouye 

I have purchased multiple properties in Salt Lake using the BRRR strategy. You have to be prepared with other options to hedge your risk, and do all you can to work with the appraiser, and remodel based on the comps you will be using at the time of the new appraisal. Still I see that appraisers can range 10% above or below the target price.

Do you do anything here in Utah?

@Joshua Johnson I am attending UVREIA this week would be an awesome way to get started, and get answers to some of your questions. 

www.uvreia.com for details

@Taylor Mearns I remember what it was like when I got started investing, and had my FHA loan on an owner occupied multi property here in Utah as well. I utilized some strategies to get 3 more earlier this year. I will send you a connect