All Forum Posts by: Steven Bond

@Loic Billiau I have some articles in our blog speaking specifically to the markets that you've mentioned.  A few notes about them that are important is their viral growth of the STEM jobs which tend to be more recession proof to protect your investment in the ups and downs of typical real estate cycles.  We specialize in new multifamily development construction with duplex, triplex, fourplex and larger options.  I wish you the best in your next investment play and if I can ever be of help in answering questions me and my team are happy to be of assistance with no hard sales pitch...just service. We believe in the law of abundance far above that of the mindset of scarcity and it's worked really well for us and our clients in the past.  Take care.

Mountain America Credit Union.  Cary Holmes 

Outside Sales Mortgage Loan Officer, Mortgage Services Team.  I cannot post more info due to forum rules but if you email me direct I can send you the contact info.  

Regiter here. Fig.us/eventregistration

Topics discussed: 

• Student Hosuing Multifamily sector by CEO of Redstone Development
• Residential lending options and strategies (First Colony Mortgage)
• Commercial lending options and strategies (First Capital Community)
• Maximizing Profit Potential in Multifamily through income segmentation (ME)
• Setting up your last sale and avoiding tax through a CRT (Payne Wealth Management)

Please RSVP by emailing [email protected] and we look forward to seeing you.  Event goes till 9pm or when the networking does down.  There is a pool table, soda machines, ping pong and corn hole at or office to socialize with while networking after the break it sessions. Parking in rear of building and throughout downtown.  

Welcome to BP. There are some great deal analyzers on the site. We train regularly on deal analysis at our brokerage and you are welcome to be a visitor. We are also hosting a multifamily workshop Thursday Sep 8th 6-9pm at my office 295 W Center St-Provo. There will be lending specialists (residential and commercial), student housing specialist (CEO of Redstone development), financial advisor speaking on CRT's, and myself training on maximizing profits with Multifamily investments. Nothing will be pitched and all of it is for networking and education. Let me know if interested as RSVP is required.

Joseph Davis I would love to talk with you at your convenience. Two reasons. 1. Like to learn about your investment services for some of my clients. 2. I'd like to see what your objectives are and if we could be a match for you. Thanks.

William. Should FIG be considering a new location in Ogden for 2017 projects? If so, would you be willing to help us out? Thanks! What is the demand for newer 1500-1700 sq ft Townhomes with garages? Where does that tenant work, what do they make, what is vacancy rate?

Look at the IRR difference. If you are passing up one for xx% just to get another at the same percent but larger you would be better buying now. If there is a better IRR look into that. Also, look at local banks and credit unions. Here in Utah we have a credit union offering landlords a 10% down mortgage on non owner occupied investments up to $417k loan value with no mortgage insurance and little reserve requirements. It is a portfolio loan. Ask some investor agents, title companies and call some lending institutions to see if there are some options in the market you are investing in. All the best!

Mario Furmanczyk first of all congrats on your first pull of the trigger. Sometimes the best decision is the one to go against your first decision. There are many hairy deals with hidden gems that you get paid well to uncover and give them haircuts. This deal for a first timer seems like too many variables (rehab, tenants, rent control, zoning changes, potential loft). I would stick to a more straight up deal that you can be in more control of the variables. If your agent is willing to jump in on the deal possibly and partner than maybe there is more likelihood of all of your variables coming together. The cash flow after all of your expenses looks a little more like a tax write off than a great investment. All the best!

Welcome Samuel. Jeffrey S. Breglio is an excellent legal resource. Here is one of many links as well that can help. https://www.landlordguidance.com/eviction-notice-forms/utah-eviction/ Love to learn what you are going after with Utah Multifamily. All the best!

Andrew.  I'd be happy to discuss more detailed and specific to your needs.  My schedule is tied to calendly.com/fig