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All Forum Posts by: Kody Thompson

Kody Thompson has started 9 posts and replied 152 times.

Post: Should I invest now ?

Kody ThompsonPosted
  • Rental Property Investor
  • Lehi, UT
  • Posts 159
  • Votes 158

Anytime is a good time when a property Cash Flows. You try and time the market the best you can but you will always be a safe bet as long as it cashflows.

Post: Best book for college graduate?

Kody ThompsonPosted
  • Rental Property Investor
  • Lehi, UT
  • Posts 159
  • Votes 158

Rich Dad Poor Dad. 

It will Challenge what they have been "brainwashed" to believe over the past 18 years haha

Post: With 100k payoff mortgage or invest?

Kody ThompsonPosted
  • Rental Property Investor
  • Lehi, UT
  • Posts 159
  • Votes 158

Invest the 100K!! Your money NEEDS TO WORK FOR YOU!!!

Post: Looking for ideas on partnership investing

Kody ThompsonPosted
  • Rental Property Investor
  • Lehi, UT
  • Posts 159
  • Votes 158

Thats normal. When I invest I dont want my name on the house. Simply remedy is to set up a Wyoming LLC which will own an LLC in the state of the property that way both of your names wont be on the house.

Post: Best places to invest in single family properties in Florida ?

Kody ThompsonPosted
  • Rental Property Investor
  • Lehi, UT
  • Posts 159
  • Votes 158

Personally I dont know to much about Palm Bay. Thanks

Post: I’m 22 years old with around $40,000 to invest.

Kody ThompsonPosted
  • Rental Property Investor
  • Lehi, UT
  • Posts 159
  • Votes 158

Doesnt have to be multifamily. If you can live in the basement and rent out the top floor until you have enough money to do that again and again and again. Millionaire in no time with that strategy.  

Post: Best Places to Invest In Salt Lake City?

Kody ThompsonPosted
  • Rental Property Investor
  • Lehi, UT
  • Posts 159
  • Votes 158

Of course, happy to hop on a call to discuss further if you need more help here.

Post: Best places to invest in single family properties in Florida ?

Kody ThompsonPosted
  • Rental Property Investor
  • Lehi, UT
  • Posts 159
  • Votes 158

Everywhere I am not haha Just kidding I really like Jacksonville and Orlando, you have to be very careful when picking locations within those cities though, especially JAX.

Post: I’m 22 years old with around $40,000 to invest.

Kody ThompsonPosted
  • Rental Property Investor
  • Lehi, UT
  • Posts 159
  • Votes 158

If you dont already own your own home I would look at doing a house hacking situation as this will give you the hands on experience you need to go out and do more and more deals. 

Best of luck to you!

Post: Best Places to Invest In Salt Lake City?

Kody ThompsonPosted
  • Rental Property Investor
  • Lehi, UT
  • Posts 159
  • Votes 158

Utah is getting pretty expensive right now. If you are looking for appreciation then Vinyard, Saratoga Springs and Payson are your best bets. If you are just looking for cashflow then areas like Magna, Rose Park, Glendale and westvalley might be better options for you. 

Hope that helps!