All Forum Posts by: Logan McKay Zylstra

@Bryan Devitt A stranger accusing me of a “marketing scheme” that has nothing to do with him, likely does feel threatened for whatever reason. Weird thing to accuse a stranger of in my opinion.

Respectfully, I don’t think I’m wrong. You’re totally right, people have made money that had nothing to do with their investing savvy or talent. No denying that. However, the people who have bought conservatively or not have put themselves in a position to do well and were propelled by government action.

Again, I don’t think people should overextend themselves, but take action and learn in any market condition.

@Chris Martin You’ve definitely been in the industry longer than me and there is certainly weight to that experience. I am simply trying to encourage people to take action that will benefit them in any cycle. Small or large, but action that will give them meaningful experience. Maybe I wasn’t articulate enough, but I dont support overextending yourself.

@Theresa HarrisWell said. Maybe I didn’t adequately articulate myself, but this is what I am meaning. People will forever sit on the sidelines because the market is uncertain, but if the deal makes sense using conservative underwriting there is no reason not to act.

Great problem to have. Congrats!

@Mark Andrews

Sorry you felt threatened by my post encouraging others to take action and enjoy the benefits of owning real estate.

My mentor recently has been preaching, "everything works, but nothing doesn't." Sure the market HAS shifted, and sitting and watching things develop feels safe. However, if you keep telling yourself you'll wait for XYZ before you invest, you'll still be sitting on the sidelines in years to come not making any progress. Any action is better than inaction. Get out there and try to make deals happen and learn from your experiences/mistakes.

I am obviously very biased but I like UT. Reach out if you want a run down on the market

I don't think there would be an issue there as long as you have your realtor hat on first and foremost. If they want the ease and convenience of a cash sale, wholesaling may be in their best interest. I just wouldn't recommend too large of a wholesale fee.

SLC has banned STR's. However, the state of Utah has passed legislation saying that a listing on Airbnb is not sufficient evidence that a property is an STR. I have never seen this regulation enforced by SLC personally.

I have heard from others that the city can take action when a neighbor complains. Typically noise or parking issues.

No license needed. No real regulation here in UT regarding wholesaling.

You already learned, but be careful sharing info before getting properties under contract.