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All Forum Posts by: Thomas Kametz

Thomas Kametz has started 1 posts and replied 3 times.

I am a Realtor in St George and have an investment property at 853 S Blair St, SLC I'm selling.  I listed it on the WCMLS so it's probably under the radar a bit till Realtor.com picks it up.  Had it under contract once and buyer couldn't come up with the money the day of closing!  Back on the market if you know anyone looking!

  -Tom Kametz, Pioneer West Realty

Investment Info:

Single-family residence buy & hold investment in St George.

Purchase price: $229,000
Cash invested: $45,000

Made an aggressive cash offer using my HELOC as a vehicle for payment since my primary is paid off. Got the property for roughly $30k under market value. Now will refi with a 75% cash out loan and use the monthly cash flows and other rental income to pay down the HELOC back to $0. From there on out it is all payday.