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All Forum Posts by: Jeremy Jareckyj

Jeremy Jareckyj has started 5 posts and replied 327 times.

Post: Short-term 2 small houses or 1 larger home

Jeremy JareckyjPosted
  • Real Estate Agent
  • Salt Lake City, UT
  • Posts 332
  • Votes 159
Quote from @Luis Guerra:

I already have a home in the Disney area that I purchased pre Covid and it’s making me about 3k in profits per month on airbnb. I have an opportunity to purchase 2 homes for about 300k each that make me about 1.5k per month each in profit. I’m also looking at a larger property in south Florida listed for 750k and can possibly profit 4K per month on airbnb based on my comparisons in the area. Would you go for 2 smaller properties or the bigger property? Take in consideration that the bigger property will appreciate more in the long run because of the area.

 Totally agree with the others on this thread.. better cash flow and higher appreciation, sounds like a  better deal. RE isn't about the quantity of properties always, quality is king

Post: Offer sent last night .. But i noticed this stuff... Do I Kill the Deal?

Jeremy JareckyjPosted
  • Real Estate Agent
  • Salt Lake City, UT
  • Posts 332
  • Votes 159
Quote from @Bruce Woodruff:
Quote from @Robert-Lee Pass:

well i saw the property yesterday. has a few weird things about it . Pex Piping , Slab foundation, no slider or door for rear access from inside the house (have to add a side gate entrance to the rear) No garage, No Dining room (possibly could put a small table but the island would be a better idea)

What's wrong with Pex? It is used a lot today, actually has many advantages over old copper. Same with slab....what's your concern about that?

Re the back door, can you take out a rear facing window and use that existing header to pop in a french door?

No garage is a bummer but certainly not a deal breaker.....

Most people don't use dining rooms any more anyway.....

If the numbers are that good, I'd go for it....


 totally agree. I am in the northern Utah market, and although we don't have a lot of slab foundations, PEX is the go-to plumbing option. Nothing wrong with it at all

Post: Chicago House Hacking

Jeremy JareckyjPosted
  • Real Estate Agent
  • Salt Lake City, UT
  • Posts 332
  • Votes 159
Quote from @Connor O'Brien:

why not buy a 2 flat? chicago has some of the best small multi unit stock in the country. I suggest buying a brick building if you go that route- was in a similar situation in 2018 and bought a wood building but wish i had gone with brick

straight up chicago real estate investor podcast is a great way to learn what others are doing all over the city


 Totally agree with Connor here. 2 and 3 flats in chicago are great options. A higher potential to earn more rental income

Post: New member in North Salt Lake area looking to network!

Jeremy JareckyjPosted
  • Real Estate Agent
  • Salt Lake City, UT
  • Posts 332
  • Votes 159

Welcome! Im a local investor, agent and cohost. Would love to meet up and chat! I live in the Liberty Wells area :)

Post: New Member from Utah

Jeremy JareckyjPosted
  • Real Estate Agent
  • Salt Lake City, UT
  • Posts 332
  • Votes 159

Welcome Taya! I am a local investor, airbnb cohost, and agent. Would love to chat about your goals and how we can help one another!

Post: Markets to invest in or around Salt Lake City

Jeremy JareckyjPosted
  • Real Estate Agent
  • Salt Lake City, UT
  • Posts 332
  • Votes 159
Quote from @Stuart Tollison:

Just recently relocated to Salt Lake City from Indianapolis for my job. I own three rental properties in Indy and will be looking to invest in Utah in the near future (within 1-2 years). I know the SLC/Utah market has blown up since COVID and may even be considered overpriced at the moment but just wanted to hop on here and see if anyone has any suggestions on areas that would make sense? Ideally I would want it to be within an hour of downtown Salt Lake and open to both long term and short term. Thanks in advance for any insight! 


Hey Stuart! Welcome to Utah. I specialize in the STR/MTR markets in northern Utah. My team and I host over 100 properties here in northern Utah and I use this data and the data of my own personal properties to help clients purchase successful investment properties. Would love to chat more if you are interested!

Post: SLC-Provo Medium Term Rental Potential

Jeremy JareckyjPosted
  • Real Estate Agent
  • Salt Lake City, UT
  • Posts 332
  • Votes 159
Quote from @Mark McGraw:

Hello,

I am new to the investment property market and wanted to see if my investment property goals were stainable and if I could get some questions answered. I live on the east coast and hope to buy an investment property in the SLC-Provo area, specifically the Draper and Lehi areas. My goal is to at least break even with my property and am prioritizing appreciation over cash flow. Optimally I would love to be able to use the property for a month or two per year. Initially I was interested in short term rentals but after researching and hearing about restrictions in the area, I believe medium term rental might be a better option (or possibly a combination). Is there a market for MTRs in these areas? Am I correct to assume the risk is not worth it to rely on STRs in these areas? Are there PMs that do both STRs and MTRs? Are there other avenues of research that I should pursue to see if my plan would work? Let me know if anyone has answers or thoughts. Thanks in advance! 

-Mark McGraw 


 Hey Mark ! I specialize in STRs/MTRs in the northern Utah market. I will shoot you a DM

Post: New to STR market analysis

Jeremy JareckyjPosted
  • Real Estate Agent
  • Salt Lake City, UT
  • Posts 332
  • Votes 159
Quote from @Katy Katz:

Just getting started and looking to use AirDNA to analyze what market I want to start with. Any thoughts? Also is access to AirDNA included in my Pro Subscription? I thought I saw that somewhere 


 AirDNA is only to be used as a very very baseline starter point. I have seen in some markets it is more accurate and some markets way off. Price labs also has a market analysis tool you can utilize that has been a little bit better.

Post: First Time Hosts

Jeremy JareckyjPosted
  • Real Estate Agent
  • Salt Lake City, UT
  • Posts 332
  • Votes 159
Quote from @Justin Melton:

I know there is a ton of information here which I will scour to get lots of info, but my wife and I are purchasing a home to use as a short term rental/place for my mom and dad to stay a couple months out of the year.  

The property is 2 miles from where we live.  What books or advice would you have for someone that is all new to this?  


 Not sure where your area is, but sometimes certain area or states have local host facebook groups. they can be a great resource of information. You could also hire a professional cohost for a reasonable fee who can walk you through the process 

Post: Is STR Arbitrage still a good opportunity?

Jeremy JareckyjPosted
  • Real Estate Agent
  • Salt Lake City, UT
  • Posts 332
  • Votes 159

Ultimately I think it is very area dependent but I personally prefer to use the funds that you would use towards arbitrage in buying a property that you own so that you can start building long term wealth. Utilizing a low down payment loan would be your best bet. This is all totally area dependent but arbitrage is just too risky for my personally.