All Forum Posts by: Justin Hammond

@Collin Baumann It's not a legal duplex, we just operate it like one. Feel free to reach out if you need some help navigating through that.

@Collin Baumann, Congrats on the contract! My very first rental was very similar to this - built in the 60's with popcorn and lead-based paint. I literally didn't do a single thing about it, and I'm glad I didn't overthink it. I still own the property and it cashflows like crazy. Just my 2 :)

Hey BP! I'm looking for a new CPA, as my current one doesn't know much about real estate. I'm a full time investor with a good sized rental portfolio and a very active flipping business. I'd love to hear any recommendations from BP nation. Thanks!

@Stephen Hall What's your down payment?

Does anyone out there have any rental properties in Vernal, UT? I'd be interested in knowing if they are relatively easy to rent.

I know the Vernal market is volatile and reliant on the success of local oil operations. But I'm wondering what type of experience any of you have had with rental properties there. 

Gabe Sorensen , welcome to real estate! I’d love to hear more about what you’re trying to accomplish, and to see how I can help. PM me and let’s chat!

Nicole Kemanjian , pm me if you need help filing yourself. It’s super easy, cheap, and quick. No need to pay someone

Jason Woodhouse , call Dave at Pinnacle Title in Murray. He does a lot of stuff for us and is very familiar the way investors structure deals. PM me if you want me to introduce him to you!

Chase Shumway , good choice getting into real estate! My business is based around flips and rentals. PM me, let’s get together and talk!

Joel Brown , I agree with Thomas S. . Especially if they were treated fairly during the sale. I’m kind of late to the party here, so I’d love to know where you’re at on this? For future reference, I usually have the title company hold back the proceeds (or a significant portion of them) until the seller is out. If they aren’t out by the predetermined date, we have an agreed upon rent payment (usually higher than market) that is deducted from the proceeds for every month they stay in.