@Thomas Ray Saccato
Hi Thomas. Welcome to home investing!
I think this area of investment is a great long-term strategy. While prices for homes is relatively high at the moment there can still be some good avenues to consider.
1. I would do some searching online for companies that market as, “we buy houses”, or, “sell my house fast Utah”. Try not to click on the ads as they cost money for those companies but rather look at the organic results. These guys can have contact pages where you can submit information and request to be on their email list. It may be a good idea to add some of your criteria for buying.
This is a great way to see some discounted properties they offer. Typically they are only looking for cash buyers but sometimes they will except buyers who have acquired a loan.
2. If you don’t have enough down perhaps looking for a partner could be a good approach.
Talking with the above mentioned wholesalers, I’m asking questions like:
Do you offer hard money loans and what are your terms?
Do you have a recommendation of hard money lender‘s?
What criteria do you look for when someone has ability to buy through a traditional loan?
3. Go to a couple local meet ups with t wholesalers when offered, or through local Reia’s, utahreia.org for example. Don’t be afraid to talk to people. Get your name out there. Even if you’re just a newbie.
Hope some of this info helps!
-Eric
