All Forum Posts by: Jacob Cogswell

You have to look at the numbers and if they make sense to you. Look at the cash flow and does that work for your margins. Factor in rents, taxes, HOA, maintenance costs, and your profits. If you have the numbers you wan then you have a good deal. If not keep looking until the numbers work.

Add a realtor to your team who would be willing to pull comps for you. Utah is a non disclosure state and that is why Zillow is not accurate in Utah

I use Titan Title in Sandy. They are the best title company I've worked with around.

It all depends on what you are looking to do. If it's a fix and flip you may have to go after hard money. If you are doing a buy and hold then you can get into one for 15% down, but you take a hit on the rate. It really depends on your exit strategy. Once you know that then you can figure what type of financing you want to go after.

Andrew Butler HOA are the deal killer look at more of the duplex or single family markets rather than the Townhouses. You can make them work, but your financial structure for the down has to be different than the normal 20-25% down you would want to do. Duplexes are the king for starting to invest. You buy them right, and they pay you every month, and the vacancy rate is a lot less because you have the two units. Start looking at those.

The main question you should ask is what numbers are the most important to you. For me it's cash flow. I don't care what the interest rate, cap rate, or percentages. Does it cash flow what I want if so then yes if not then no. You can get into analysis paralysis pretty quickly.

I rent out properties with Housing Authority. Do your normal due diligence with them. Credit check, background check, and call previous landlords. You aren't allowed to raise the rents based upon the lease agreement, but if you are renewing the agreement, or starting a new one rent it out for what the market rent is.

The best advice I can give you is read lots, ask tons of questions, and find the right people to work with. Interview lenders, agents, accountants, and anyone else you need to work with.

Welcome to the club ask lots of questions find people you like to work with, and think along the same lines that you do. There are lots of agents/lenders out there find the ones that fit you

Are you doing it seller finance, or looking to get a loan?