All Forum Posts by: Ken Fricke

The house is in very bad condition!

And missed nine months worth of payments

Also Andy M is a no member he wholesales property's in salt lake he moves several houses a month he would be a great resource for you his number is 801 557 4446. It would be really good if you would tell him Ken Fricke sent you! You get on his list and you will find great deals in SLC

Thank You Marie,

Sorry I am really new at this so thank you.

He is nine months behind on payments. and has moved out the house is in disrepare.

Hey Bryce,

Welcome to BP, I am relatively new to real estate investing however I work with an RE Agent Melody Sheldon, she has help me on four fix and flips but I could have rented them as well if were ready to go that way she is an expert in short sale properties she may be able to help. She works in SLC now. Her number is 1 435 770-1703 she would be a great contact to start building your team! Good Luck Tell her Ken sent you

I found a possible short sale deal, My Realtor says the ARV amount after renovation would be 140k he owes 115k. I am very new to real estate investing so pardon me if this question seem basic. I would like to flip the house so if i take 140k times .70 which equals 98k minus rehab costs of 25k that would equal 73k should that be my offer or should i also take into account Realtor commission and contingencies , I have done one other flip with a short sale not using this formula and made around 5k does not seem like enouph return on my investment for all the time and trouble and risk! I would like to do a successful flip on a short sale if possible. Any suggestions?

I purchased a sfr 3810 sq feet, for 135K, my Realtor said the ARV would be 250K I renovated the upstairs the roof and the outside of the house cost was 25k, put the house on the market for 230k no offer very little traffic! The traffic I did have commented the basement needed work, so I just put 15k into the basement, I feel I should increase the cost by 15k the hard cost to finish the basement but I am worried about raising the cost on the MLS. Can anyone give me some advise on this matter I am very new at this but would really like to make it work!

Thank You

Ken Fricke

Thank You Dustin, I am trying to organize and real estate investment club up here in Logan.

Thank you all for your comments and help I will talk to my agent to see what the feedback is. then I will go from there. Do you guys market your houses by yourself s or just use your agent?

I am very new to flipping houses, however I have been in construction and remolding most my adult life.

Currently I have three houses on the market, from my calculation and with my real estate agents help I priced them at what i think is just below market value. They have been on the market for 30 days no offers! Should I be doing something to help move them?

I wonder about offering cash back to buyer as an incentive

Or should I just lower the price?

Should I stage the houses and if I do will I get better offers?

Can or should i offer additional cash to agent that brings buyers?

Thank You for and ideas you can give me

I have learned a lot about rehab and sale, on BP the last few days, I have spent hours studying the pod casts and the blog post as well as the free beginners guide book, this is the first attempt at asking a question. I am hoping I did it correctly, Is there anyone who wholesales up here in cache valley?

Are there any members in Cache Valley Utah , Logan Utah or somewhere close.