All Forum Posts by: Drew Clements

Hey @Meghan J. Wholesalers are EVERYWHERE... but you won't find them searching "wholesalers..." Wholesaling is flipping technically, so we use the same techniques and advertising channels that other buyers use (so if using google, just search "sell my house fast" or something like that... but please don't click the ad... or it will cost the investor $15-40... just look up their website). Most of the high-volume flippers you may know of actually wholesale the majority of their deal flow. So find a flipper and you've probably found a wholesaler as well. Just ask them how to get on their list and they'll be more than happy to add you - this is a team sport and we all rely on each other. Although you can do both (run a marketing company - wholesaling - and a flipping company) it's also ok to focus on the one that suits your strengths.

We are selling our Assignable Real Estate Purchase Contract on this property:

Property Address: 270 W 400 S, Logan UT 84321

• 3 Bed.
• 1 Bath.
• 1-car attached garage (possibly a tandem).
• 1183 Square Feet (figure from county records, doesn’t include unfinished basement square footage ~150 SqFt).
• Built in 1950.
• Brick exterior.
• .28 acre lot.
• Covered patio.
• Fenced back yard.
• Shed.
• Dog run.
• Fruit trees.

This property would make an excellent rental and demand is high in Logan. And the location couldn’t be better! Rural feel (property is surrounded by pasture) but is within easy walking distance (only a couple of blocks) from fairgrounds, aquatic center, schools, zoo, parks and restaurants!

The house needs work, but the brick rambler bones are good. Repair estimates as a rental are $15k, higher for a flip.

• Sewer was replaced last year.
• Sprinklers in front yard repaired last year.
• Pipe is in for sprinklers in back yard (half closest to the house), but not connected.
• Water heater currently leaks, but seller said it’s less than 5 years old.
• Roof needs replaced.
• Minor settling on SE corner.
• Interior cosmetic repairs at your discretion.

After Repaired Value is $140k

Asking price is $108,000 OBO.

$2,000 non-refundable deposit due upon execution of Assignment contract (to be deposited with Advance Title of Logan).

• Buyer agrees to pay for Owner’s Policy.
• Cash or private/hard money only.
• $500 earnest money will be credited to final buyer.
• Settlement on or before June 30.
• Closing with Advanced Title of Logan.

Watch the walk-through video.

Contact us if interested:

Drew Clements, Manager, Bear River Capital, LLC

DBA BearRiverHomeBuyers.com

435-535-1530 (voice/text)

[email protected]

Bear River Capital, LLC serves the real estate needs of investors, buyers, and sellers in all of Northern Utah. Please reach out if you have any questions or would like to explore working with us!

*Principles of Bear River Capital are licensed real estate agents in the state of Utah. Associated with Equity Real Estate.

Context and Problem: I'm focused on wholesaling and flipping SFRs, but my marketing as created a reoccurring problem = Seller leads that have a bunch of adjoining lots (with and without houses on them) where highest and best use would be commercial or high-density development and I don't know how to approach the opportunity.

This is all in Ogden Utah (northern Utah) which is a strong growth market (but don't let that statement distract... that's not pertinent to my question) so I'm thinking I just need to find the folks that are doing this kind of development, make contact and see where it goes, right? I don't have the experience to process these lead effectively - development deals are foreign to me. But I'm willing to do the leg-work and cultivate these opportunities.

Have you done/are doing these kinds of projects in Ogden? Let's talk...

Highest and Best Use

Real estate investing can be much more than carpet and paint rehabs, wholesaling and assignment fees. Quit fighting over the scraps and learn how the big boys and girls invest! Start seeing property for what it can be, not for what it is!

Mike Watson, President of Wealth Follows Worth Strategies, LLC, has been investing for over 20 years and has participated in well over 2,000 transactions in 11 states as an investor, coach, developer, general contractor, partner, financial partner, agent and broker. He's owned up to 650 apartments at a time with as many as 20 developments going at once as well. He regularly partners with his students on deals.

As an author, two of his 6 books are Amazon Best Sellers - Both made the Top 50 world-wide charts and both books went to #1 on the "Movers and Shakers" list.

Mike is a master seller finance expert specializing in subject to's, assumable mortgages, interest spreads, splintered mortgages, prepayment penalties and bonuses and much more.

Your first Northern Utah Real Estate Investors Association (NUREIA) meeting is FREE, so come learn and network May 2nd in Ogden!

Membership and other event information is at NUREIA.org. While you’re there, be sure to sign up for our email notifications.

How to Successfully Invest in the Ogden UT Market

David Lloyd from DNG Properties LLC, a successful investor in the Ogden area, will speak to our members about investing in Weber county. Join the NUREIA for this great opportunity to learn from David and develop your investment know-how!

Your first Northern Utah Real Estate Investors Association (NUREIA) meeting is FREE, so come learn and network April 4th in Logan!

Membership and other event information is at NUREIA.org

1031 Exchanges and Non-Standard Closings

Jim Hickman from Hickman Title of Logan, Utah, knows his stuff when it comes to 1031 exchanges and non-standard closings - two things that come up frequently for real estate investors. So be sure to become a member of the NUREIA and attend this meeting - you'll walk away with key need-to-know details to update your investor toolbox with!

Your first Northern Utah Real Estate Investors Association (NUREIA) meeting is FREE, so come learn and network April 19th in Logan!

Membership and other event information is at NUREIA.org

Understanding Planning and Zoning in Logan City

Russ Holley AICP, Senior Planner with the City of Logan, Utah, will be demystifying the ins and outs of planning and zoning in his presentation, "Understanding Planning and Zoning in Logan City". So bring your questions and a friend - this is going to be a great meeting!

Your first Northern Utah Real Estate Investors Association (NUREIA) meeting is FREE, so come learn and network March 15th in Logan!

Membership and other event information is at NUREIA.org

Inventory is still super low across the board, so I look at whatever crosses my desk - There's demand for pretty much everything; but starter homes are especially hot. 

Hot Legal Tips for Investors

Blain Johnson is an experienced real estate attorney in the ogden area and also operates Epek Title. He'll be sharing some hot legal tips for investors working in northern Utah. So don't miss your chance to ask a pro your burning questions! Come to the meeting and bring a friend!

Your first Northern Utah Real Estate Investors Association (NUREIA) meeting is FREE, so come learn and network March 7th in Ogden!

Membership and other event information is at NUREIA.org

Hey @Grant Keaton, I would recommend coming up and taking to some investors in the area. I'm in Logan, but not a buy and hold guy... mainly flipping at the moment. The Northern Utah REIA (NUREIA.org) holds a monthly meeting and you could easily get some good perspective there. Cody Reeder of reeder property management would be a good person to call, too. Good luck with your investing!