All Forum Posts by: Trent Stone

@Tyler Ruff & @Brian Harker Utah is a VERY heavy sellers market and prices are extremely inflated right now. Any "deal" that comes on the MLS will have multiple offers and sell above asking every time. Even the foreclosure market is pretty combed over. I analyzed hundreds of deals in Utah and SL Counties, and almost all of them sold between a 4-5 Cap and were negative cashflowing or very close to $0. Consequently, my partner and I started investing out of state. If you have all of your ducks in a row and you watch the MLS like a hawk and you are ready to submit an over-asking offer, you might be able to get an okay deal. If you really want to stay in Utah your best bet would be to network heavily with the wholesalers, but even then, you need to run your numbers carefully because most of their offers won't be that great either.

The inflation of home prices is far outpacing the wage growth in Utah, which means residents won't be able to afford housing prices for much longer and that we are due for a correction in the near future. People who are buying negative cashflow properties either don't know what they are doing or they are playing the LONG game and hoping for appreciation. My plan is to focus out of state now then when the correction happens I will look to buy properties on the cheap in Utah. Good luck!!

Me and my partner have established a great team in Indianapolis. We have one flip under contract ready to go and we are looking for private money partners or lenders so we can continue to scale. Please message me if you can help. Thanks!!

Me and my partner have established a great team in Indianapolis. We have one flip under contract ready to go and we are looking for JV money partners or lenders so we can continue to scale. Please message me if you are interested. Thanks!!

Are there meetups on any other day of the week? I have my daughter on Thursday nights so I can't ever make these ones #sadface

We are currently working on a deal with a luxury home, single family residence, going into foreclosure, has about $1 million in equity. What would you do with the property?

@Tuan Pham What is the typical turnout for these events?

@Corey Hawkinson That's awesome... I'm sure some client's might get annoyed that it's not plastic but I love that idea lol

What is the best gift anyone has given or received from their agent upon closing on a property? What WOULD be the best? I hear Cutco knives are sexy right now.

I am passionate about investing and helping fellow investors. Contact me if you are looking for an agent or just to grow your network!

@Henry M. Any updates? Is the service worth the hassle to find good deals?