All Forum Posts by: Curtis Rumel

Thanks everyone! Good vibes and info!

Hey everyone, 

My name is Curtis Rumel. I am a licensed Realtor in and around Salt Lake County Utah. My background is in Business Banking (7 years) and now I'm on my 4th year of being on my own as a Realtor. Buying and Selling properties for others is my bread and butter but I want to start creating deals for myself i.e. start investing in RE. I'm interested in buying rentals and wholesaling to start but curious about flipping down the road when I have some capital to play with. I'd love to connect with anyone and everyone, especially people in my area so I can pick brains and ask the strange local type questions. 

Here's another but for SL County. http://www.saltlakecountyauditor.org/site/tax-sale...

I haven't verified this yet but I asked my usual title company about tax deeds and title searches and they told me they are too small to help with high volume searches but that First American Title offers some type of program for investors to do high volume title checks for auction settings like these. 

I found this to be pretty useful; http://www.utahcounty.gov/taxsale/FAQ.asp

I am a Realtor in the SL area. I have a few clients looking for good rentals and prices do seem inflated. I've been able to find good returns on mulit-family units. It seems like there is just so much demand for single family/owner occupied units that its inflating values. Whereas the MF stuff has less competing buyers. 

Probably useless because I'm in Utah but I suggest asking an objective legal adviser. Here that doesn't matter at all. The Realtor is for the seller to market their property using the biggest fishing net available. The seller is not obligated to use an agent. Its their choice.  

I am a Realtor in Utah. I have had clients buy student housing because their kids are going to school and they want a good investment. I agree with everyone thus far that students are more rough on the property but parents money and high demand can offset that. I suggest very durable materials. Demand will most likely be high always. I also like the idea of 12 month leases. People will accommodate it for the prime location and it reduces turn over. Perhaps a higher refundable security deposit can offset the risk. 

I am a Realtor and Investor in the SLC Utah market. I like the idea of offering prospects the A,B,C offers. For example, I can list it at X, I can buy it for Y or buy it at Z with the following terms. "What works best for you seller?" That said, I provide solutions for my sellers regardless but my struggle is finding people to hear my awesome options. How do you guys/gals find your leads?

How far behind is the seller/owner? You might catch them up for them signing over the deed to you subject to their lien. You gain a tenant and the equity... If the seller/owner isn't a good tenant then they leave and you get a good one in. For them its better than a foreclosure. The risk you run is their lender pulling the due on sale clause. However, if its a flip deal instead of a buy and hold then hurry and flip it at the sellers rate/term (assuming its not crummy) and their bank can wait 4 months. 

Not to mention tax consequences. If they inherited it or its been a rental you can look capital gains as a negotiation point. Consult your tax professional.