All Forum Posts by: Ryan Mertens

Shortest answer to your question is what my mom taught me a long time ago:

“You can have it now, or you can have it later. And if you choose to have it later you can have it a lot nicer,and for a lot longer.”

She’s an executive vice President of a major hospital network.

Drove her Honda accord with 200+ thousand miles into the executive parking lot, And got asked to show identification the first day because certainly someone of her status wouldn’t be driving something like that.

I have a UTAH duplex for sale currently in the marketplace. Once you get here, look me up and i'll give you the lay of the land from what I know. Good luck.

What are you closing costs? fixed or percentage base?. Unless they are outlandish I can imagine not paying for those wouldn't be beneficial to save 5/8 of a point.

Please update your findings as soon as you know something. I would be interested in what comes of this as well.

Even with your high estimate on rent it's a poor investment. It is however a better option than renting. Other people that say they don't buy on speculation, the majority aren't from Utah, don't understand the rental crisis here, and don't know that Utah has been in the top 5 for same year sales growth (double digit) for the past five years. If you are ever going to buy on speculation our market is one to do it in.

What's the rehab cost for the gutted unit? Ok, now double it, no i'm not kidding. You are going to have a hell of a time getting contractors that have any talent to help. Why? You're not repeat business. The good contractors you do get, are going to quote you high, because you are a one and done customer in their eyes.

And $1200 for a 2 bed/1 bath?? This better be east of 700 in Sugarhouse or in the Aves for that kind of rent, and it better be dialed out to the nines.

im coming from the holladay area. Anyone else that wants to ride with just let me know

I’ll have a Vrbo in bountiful ut in a few months. About 25min to base. 

A lot of contractors aren’t going to install a product made it and purchase. With that said if you find one that will he’s going to jack up the rate on you to make up for not getting his  10 and 10  If he’s a dedicated window contractor his pricing is going to be far superior than what you could ever buy. Get bids from them and make sure you don’t schedule any one contractor at the same time as another.

Welcome

.5% here right now is a deal!

Salt lake county just passed an ADU clause that has some restrictions, but it sounds like with what you want to do might be right up your alley!!

Don't forget about your opportunity zones, which has several good aarea that I've personally flipped in.

easy math is, anything east of 700east from the aves to cottonwood heights and at least 2-3 bed 1.5 bath will rent for $1+ sq/ft up to about 1800sq ft.

So if you can buy a house and rent out a 1200sq ft basement it should go for $1200