All Forum Posts by: Josh Farrer

Lots of fantastic it advice here. As with most things, it depends.

I suggest strongly a budget. Unused "YNAB.com" it's a zero based budgeting system with iPhone apps so my wife and I can have instant updates to info.

If you give every dollar a job, and you know exactly how much you have, it makes it less stressful in my opinion.

This sounds complicated to me. Of you have a real deal, you will find a buyer. It sounds to me like he wants a piece of the action to bring you a buyer.

If you are nervous and want to share your $ go ahead and work with him. I personally would try to find someone local first.

Welcome to BP! I know there are a lot of people that would love a wholesale deal here in SLC @tyburns and his brother I know best.

Welcome to BP. Lots of gray stuff here. And in Utah. Let me know if I can help in any way.

I am not positive, but I believe CF=cash flow COC= cash on cash this one I am sure on ROI=return on investment

As for 2% rule, in my area it's not easy to do. If you stick to the 50% rule I think you'll be fine. (Take debt service from 50% of rent and the left overs are cash flow)

Welcome Adam! If you're free Wednesday you should come to the SLREIA meeting at the miller campus.

Jason, welcome to BP. There are a couple active SLREIA members on the forums. I'll search you out on Wednesday.

-Josh

I'm slow to the party, welcome Travis! I say do what makes you comfortable. And I think you are doing better than most.

-Josh

Welcome @taylor Harris. There are lots of investors in Utah. Most of the ones I've met are great at helping out.

Pick up the phone and call some sellers. Or send out mailers and let them call you. Make low ball offers. Go to a REIA meeting and find someone with SFH as rental and help them out.

Take action, however small, ad do something.