All Forum Posts by: Nick Vondrachek

I plan on attending! @Josh R.

Thanks all. I look forward to attending my first TREIA meeting April 2nd and finding agents/brokers that meet my needs. I am looking for a SFH or a townhome in a strong neighborhood for future appreciation and (hopefully) cashflow but I realize we are in a seriously hot market right now in Raleigh.

In a perfect world, I would house hack or Airbnb the unit out. The BRRR strategy is very interesting.

I look forward to getting into the game. I will 100% share my learnings (good and bad) and am excited to get started!

Hello,

I am new to the Raleigh North Carolina area and am in the market for purchasing my first home/investment property in the next few months. My compelling event is that my apartment lease runs up at the end of May.

I'd like to begin building my network here with other investors that are also agents that can continually send me properties and help guide my decision making. 

Let's connect! Please respond directly on here if you fit the bill or text me (see my number on profile) and we can set up an intro call to learn more about what I'm looking for. I am very serious about buying my first home and turning it into some type of investment property, ideally by house hacking OR renting out part of a townhome/ single family home.

Cheers,

 Thanks, everyone. Ideally, it will be a duplex that is ready to rent right away but that I can put some work into to improve the value of it when I sell. Any advice on neighborhoods to focus on in Lehi, American Fork or Orem?

Currently, I am looking on Zillow, realtor.com, etc. and having agents send me properties from the MLS. What other avenues are you all using to find deals in Utah County? I plan to drive neighborhoods on the weekend but it would help to know where to be focusing.

@Devin Stott How did you find that duplex? 

Hey all,

I am looking to purchase a duplex or SFH that I can get creative with (live in the basement, etc.) for househacking in Utah County. Currently looking at the Orem/Vineyard/Lehi/American Fork/Saratoga Springs areas.

To be clear on house hacking - I plan to use this rental as my primary residence and either rent out the other unit or other bedrooms if it is a SFH. I am willing to buy a property that is mildly distressed and put sweat equity into it if it is still rentable when I purchase.

I know these types of deals are harder to find with our hot market but I am determined to make it happen and need a stream of leads coming in that I can analyze on a daily basis.

I am primarily looking for cash flow & cash on cash return but also taking into account areas with potential long-term growth & appreciation.

Any feedback would be great as far as what neighborhoods/areas I should primarily focus on and how I should go about looking for this type of investment (cold calling motivated sellers, driving to find distressed properties, etc.) 

Would love to connect if you are an experienced agent in the area and are also an investor! 

Cheers,

Nick

Welcome,

Be sure to check out the REIA events. Just went to a BP meetup tonight in cottonwood heights, lots of opportunity here.

https://www.utahreia.org/

See you around!

Brian,

Welcome aboard! Lots of good info here. Likewise, I am starting my real estate journey here in Utah.

Best of luck! I am sure I will see you around the forums.

Great read. Thanks for sharing your story!

Can't wait to get started myself. The plan is to pull the trigger on a househack when my lease runs up in April.

Cheers

I am also a 22 y/o in the area looking to make a move in a househack but not until the next 6 months to a year. My biggest concern is securing financing with my limited credit history.

Does anyone know if you absolutely need two years of w2 work experience to secure any kind of loan from a bank or credit union? If so, I was thinking about trying to find creative ways around this like going in with partner who has an established credit history.

@Ryan Dossey Thanks for the reply! I just read a few of your blog posts, looks like you are doing really well in your market- creativity is key! I wish you the best of luck with your business and hitting your goals.

-Nick