All Forum Posts by: Jeffrey Paul Ferlo

I attended the SLREIA meeting in December and is was very informative.  Planning on joining and using the contacts there to help me move forward faster.  Thanks for the info.  If you attend in January, let me know and we can meet up.  

Have a wonderful holiday season.

Thanks for the info Jason. I have not been to any of these meetings and am planning on attending the Salt Lake REIA on the 9th of December. Also went to Facebook and joined Emma Powell's Facebook group.

Jeff

Thanks Simeon.  I will try to do some more research.  Hope to hear from you soon.

Jeff

I have been only been in with my big toe with real estate investing over the last few years.  It is time to get the whole body in.  Was wondering when the next meetup in the Salt Lake area is happening.  

Did you have a meeting?  When is the next meeting?  I would like to join a group as well.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $112,000
Cash invested: $140,000

Bought two duplexes close to my hometown.

What made you interested in investing in this type of deal?

This is where I am the most interested and easiest for me to work at.

How did you find this deal and how did you negotiate it?

From the area that I lived in. Worked with my cousin who is a real estate agent.

How did you finance this deal?

Had $17,000 left on home mortgage. Refinanced home to purchase the duplexes and cash out for repairs.

How did you add value to the deal?

Seller added new roof on one of the duplexes.

Lessons learned? Challenges?

Learned a lot about maintenance issues. Need to see the property before I buy it. Understand the process more.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Real estate agent-Nichole Hamblin
Property Manager-Randy Bennefeld

Josh, 

Looking for the same thing.  I am new and want to get started.  Would be nice to have a group in SLC to work with.

I am planning to go to the next SLREI meeting.  Would like to get together with others since I am very new about this and would like to talk to others.  

Jeff

Is this group still meeting?  I have been out of the loop for a while, but ready to start up again.  Looking for people to work with and get advice.  

I just remembered that I have to be somewhere at 7 and not able to get out of it.  I would rather not go, but have committed a few weeks ago.  I would like to attend another meeting.  Please let me know when you will meet again.  Want to connect with others in SLC.

Jeff Ferlo