Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Joel Brown

Joel Brown has started 21 posts and replied 82 times.

Post: California ramps up the crazy, wants to own 45% of your home

Joel BrownPosted
  • Investor
  • Grangeville, ID
  • Posts 85
  • Votes 34

It just boggles my mind that people who would make $59k a year and the price for a tiny shack in the ghetto there starts at $500k, wouldn’t have the common sense to move to a better more economical location.

It took a pandemic for a lot of folks to wise up to the dead end residency in urban America. You can choose Arizona, Wyoming, Arkansas or whatever but I can’t understand why people keep living in areas where the numbers just don’t allow a fair chance for them to get ahead! Get out of Dodge, make your millions, then move back if that’s what you want to do.

I believe we are headed for rough times because most people cant envision a move out of mom and dad’s basement to take advantage of what hard work in the greatest nation in the world affords them, but most of that opportunity is best taken advantage of in rural America.

I left California when I realized it’s not worth the 4 hour commute to get out of town (20 miles) on any 3 day weekend. The drive back in on Monday night was just as bad. I spend my life living, not driving in a car commuting 3 hours a day!

Post: Small Landlords are choosing to sell

Joel BrownPosted
  • Investor
  • Grangeville, ID
  • Posts 85
  • Votes 34

@Nathan G.

I like your affidavit idea, unfortunately today a lot of politicians aren’t interested in doing whats right, they are more interested in lining their pockets and getting re-elected. For them it’s all about more bureaucracy as that keeps them employed!

Post: Eviction Attorney in St George Utah

Joel BrownPosted
  • Investor
  • Grangeville, ID
  • Posts 85
  • Votes 34

I have a rental house in St George Utah. Things had been pretty smooth until recently. Originally I rented it to a student and his family and they had a few friends that would help them with the rent while living there. Two years ago he got married and his friends wanted to keep renting so I redid the lease and had all 6 sign and be separate. As students have graduated or moved on I have had them fill with friends. In August a new guy moved in without my final approval while I was checking out his application, and in October started partying and causing issue with the other roommates. He is a football player and feels like he can do whatever he pleases. He did not sign the lease, although he read it (all the other tenants have signed and know the rules). He kept putting off paying the security deposit. When we originally talked (as I interviewed him) he wanted to leave after December as the football season would be done and he was leaving school. I informed him in the middle of November that he needed to be out by the end of semester (December 15) as he is not a good fit with his drinking parties and friends, and because he had not signed the lease or paid the deposit. I gave him a notice to vacate on December 1, and also text it to him as he left for Thanksgiving and has not been back since (but his personal stuff is in the room making it impossible to get the new tenant in the house. 

Does anyone have a referral for a good reasonable eviction attorney in St George Utah? I would appreciate it! TIA.

Post: Omar’s rent forgiveness bill

Joel BrownPosted
  • Investor
  • Grangeville, ID
  • Posts 85
  • Votes 34

I’m sure everyone is excited about Rep Omar’s bill to require forgiveness of rent for up to a year. Of course your primary mortgage would be forgiven ( if you owe money) and you might get partial relief from your rental property mortgage through a government fund ( I’m sure minimal paperwork).

The bill would require full payment forgiveness, with no accumulation of debt for renters or homeowners and no negative impact on their credit rating or rental history.

This bill should obviously be a nightmare for anyone owning rental property which is pretty much all BiggerPockets users.

https://omar.house.gov/media/press-releases/rep-ilhan-omar-introduces-bill-cancel-all-rent-and-mortgage-payments-during

Post: Looking for an amazing before & after flip to feature!

Joel BrownPosted
  • Investor
  • Grangeville, ID
  • Posts 85
  • Votes 34

@Curt Davis

I owned 1889 Tahiti Lane in Memphis until October of last year. Small world. Your flip looks great!

Post: Life isn’t going back to normal anytime soon is Real Estate?

Joel BrownPosted
  • Investor
  • Grangeville, ID
  • Posts 85
  • Votes 34

@Matt Higgins

You mentioned rents going quickly down.

My rents are all going up! I rented 2 houses last week and I should have made the rent significant higher as I get multiple calls everyday even after taking the avail ad down. I have a tenant moving out into their new construction house on the 5th and I’ll be moving rent up from $900 to $1050 for the new tenant in a 1 year lease.

Small town rural is surging ( both home and rent prices) as people want away from the big city virus hotspots. Today it’s the virus, previously it was Y2K or the 911 fear, tomorrow it might be a food shortage! The coasts and metropolitan may take a big hit, but conversely small town will rise!

Just perspective.

Post: Getting a backup offer to a house that is under contract

Joel BrownPosted
  • Investor
  • Grangeville, ID
  • Posts 85
  • Votes 34

I currently have a house that I own under contract ( they are getting a FHA loan). Waiting for the appraisal/ inspection to come back to make sure it appraised high enough and doesn't need stuff to qualify as FHA. Another realtor asked me if it is still available as he want to show it to a prequalified buyer.

Is it kosher to show it and get a back up offer in case the FHA loan falls through? And do I need to disclose that it is under contract and we will know in a week or two on the status? Or do I get a second offer ( knowing that the first is a contract but if it fails we have a buyer to step in.)?

It is a for sale by owner and we have it listed on Zillow.

Thanks in advanced

Post: A second set of eyes on a duplex in Memphis

Joel BrownPosted
  • Investor
  • Grangeville, ID
  • Posts 85
  • Votes 34

I have a place about 2 miles north of there in Colonial acres. It’s a little nicer neighborhood, less gangs but I’ve been trying to sell it for a couple of months with no luck. I’d be surprised if the arv of the duplex you are looking at is close to $140k. Nothing in that area duplex or not is selling for that much. You need to get it cheaper and make sure you have property management that will manage it in the neighborhood.

Post: Which book should I read first?

Joel BrownPosted
  • Investor
  • Grangeville, ID
  • Posts 85
  • Votes 34

@Elmo Dasalla

Brandon Turners

“The Book on Investing in Real Estate with No (and Low) Money Down

Later on David greens new book “Brrrr” would be helpful.

I also like Brandon turners “the book on rental property investing”. All great books

Post: Provo investment property - to BYU or not to BYU?

Joel BrownPosted
  • Investor
  • Grangeville, ID
  • Posts 85
  • Votes 34

The competition in Provo for houses is over the top. You are competing with 100 other investors who want to be there and find a cash flowing or house hackable home/duplex/tri/quad.  If you can cash flow a $350K house built in 1920 and 1500 sq/ft getting $1500 rent you could make Utah County work. They will hold their value and appreciate , just not cash flow. Disclosure I own 2 condo that I'd buy the whole complex if I could get them for what I paid 6 years ago.  They were just coming out of the 2009 crash, now they sell for double, but are only appreciating slightly more than inflation now.