All Forum Posts by: Hayden Boehlefeld

Not necessarily, but that is certainly an option. 

Hey all, we have a purpose-built duplex in Ogden under contract, but unfortunately are unable to fully fund this deal due money to being tied up in another deal. If you are interested in partnering on and funding this deal, please let me know as soon as possible and I can send over the details and analysis. Some initial numbers on the property are below:

• Under contract for $330,000
• Rehab cost estimated $75,000 - $100,000
• Estimated ARV $500,000
• Estimated cash on cash 11%

Please reply to this post or DM me if you are interested.

Thank you Robert, I'll definitely give them a look!

Hey all, I'm looking to do a cash out refi here soon on a property in Layton. What lenders do any of you prefer to use for this in the northern UT area? Thanks!

Here's what I have used:

Every purchaser or Tenant of any residential real property on which a residential dwelling was built prior to 1978 is hereby notified that such property may present exposure to lead from lead-based paint that may place young children at risk of developing lead poisoning. Lead poisoning in young children may produce permanent neurological damage, including learning disabilities, reduced intelligence quotient, behavioral problems, and impaired memory. Lead poisoning also poses a particular risk to pregnant women. Prior to renting or leasing a residence built prior to 1978, Owner is required to provide Tenant with any known information on lead-based paint hazards from risk assessments or inspections in the Owner’s possession and notify Tenant of any known lead-based paint hazards. Tenant is entitled to, at their own cost and expense, cause a risk assessment or inspection for possible lead-based paint hazards. Tenant must also receive a copy of the pamphlet Protect Your Family from Lead in Your Home or an equivalent lead hazard information pamphlet approved by the federal Environmental Protection Agency.

Owner Disclosure: (Initial where applicable if the Premises was built prior to 1978) Owner has no knowledge of lead-based paint or lead-based paint hazards in the Premises. Owner has no reports or records pertaining to lead-based paint and/or lead-based paint hazards in the Premises. Owner Initials: ________ / ________

Tenant Acknowledgements: Tenant has knowledge that the online pamphlet Protect Your Family From Lead In Your Home, or its approved equivalent can be viewed at: (link to EPA website, not sure if links allowed?) and has had the option to request a printed copy of said pamphlet and has done so (or declined to do so). Tenant has received copies of all records and reports attached hereto. Tenant has waived the opportunity to conduct a risk assessment or inspection for the presence of lead-based paint and/or lead-based paint hazards. Tenant agrees to promptly inform Owner in writing of any deteriorated and/or peeling paint in the Premises.

Tenant Initials: _____ / _____ / _____ / _____ / _____ / _____

Just check with your city on whether they allow homeowners to do their own work (and which types of work) under a permit. If the scope of your project is allowed, then just as Kenneth said, no concerns if the work is not covered by drywall. The city will just come in, do their inspections, and you proceed as you were. If SA doesn't allow homeowner self work, then yes you may need to bring on a licensed contractors to either signoff on the existing work, or potentially even take it over from there. Best to just confirm what the city needs and allows. 

I'm actually looking to do this soon here as well, excellent heads up on AFCU. We're targeting HELOC based on appraised value not county tax.

Tanner do you have any appraisers you would recommend or prefer? 

I'm wrapping up a full property renovation here, and am aiming to BRRR this property. The property is a single family home, detached garage, and a separate outbuilding which we are turning into more of a covered patio space/entertaining area. The main house work is finished, but some landscaping and about 50% of the covered patio space is complete. We're running into seasonal/weather related delays now for the exterior aspects, but obviously we don't want these to impact the schedule of moving forward with the BRRR. After speaking with a local partner I was told the appraiser will consider the detached buildings only at face value when looking at comps, that the condition and (theoretically) the amount of remaining work on the detached buildings won't really impact appraisal value. What's your experience on this? Do landscaping and amenities such as outdoor entertaining/patio space influence appraisal value much in terms of a BRRR? I know these factors would certainly influence going for a sale, but purely appraisal to pull equity out I'm not so sure on. Thanks!