All Forum Posts by: Joe Au

You said you need money from you home, but you are not selling this house, right?

Welcome @Jeffrey Farrell

There are multiple REIA groups in the area. Feel free to go to any of the meetings and connect with other investors!

maybe house hack before trying to invest out of state? just an idea.

The growth is true, it's amazing how much has changed over the last 5 years. But I would recommend out of state investors to study the average household income and the home prices, the relationship between them will affect how long the growth will last. 

I agree with @William Hochstedler . It's the 80/20 rule. 20% of the people got 80% of the deals. And the remaining 80% of people fighting to get the 20% deals. So learn from the 20% and see why they are getting the 80% of the deals.

For a 3/3 SFH, I am guessing it's around 1800 - 2300 sqft. And the ARV would be around 250K to 350K depending on the area. 30K under market value should be at 90% ARV. Investors are looking for at least 80% ARV even in a hot market today. There are multiple events in the area you can go to and get more info for wholesaling. Good Luck.

@Manny Dang

Which area in SLC would sell the fastest currently? Holladay? Cottonwood Heights?

What do you need? GC? PM or subs?

Are we sure we can fit everyone in there? LOL