All Forum Posts by: Jeremy Peterson

I know a good property management company in Ogden.  Message me and I can get you all the details. 

Johnson and Company in South Ogden has been doing my rental business taxes for over a decade.  Give them a call.  

Good course of action.  Let the summons play out.  If they bring payment to court for the full amount (unlikely) then you may have to carry on with their lease another month.   But again, unlikely.  Let the courts do their thing.

The best advise I can give is to jump into the market.  Figure out what you want out of a deal (i.e. cashflow, equity, tax deduction, etc.) Then crunch your numbers and make sure the property achieves your goal.  You aren't going to send your kid to college on every deal.  But you might do it with 10 deals.  So, you have to get started.  

I jumped in using hard money to purchase bank owned Ogden property in 2004. I did buy-and-hold this way because I bought the properties at such a discount I was able to refinance them with long term financing. I used my HELOC to fix up the places for the refi. It has all worked out.

We are getting ready for the next burst of opportunity as the Utah housing market prepares to shift in a different direction.