All Forum Posts by: Tim Mellor

I also own a lot in Santaquin (.3 acre down town).  I'd love to hear what you do with yours.  There are a lot of good local lenders like Mountain America, UCCU, & America First.  

@Barrett AndersonI am with Equity Real Estate and they are very good to work with as a part time agent. I pay a flat fee around $600 per transaction to my broker and I keep the rest. If I don't have any deals one year, I don't have to pay my broker anything (there are association and MLS fees of course). I have the flexibility to charge my clients whatever I want. They do have training available and you can pay to have someone else do all your paperwork for you.

@Nate Turnerwelcome to BP. There are several Provo locals here on BP. Please reach out with anything that you need. I can send you listings from the MLS if you want to start seeing what the market is doing.

Reed, let me know if I can help you out  I'm a part-time agent and real estate investor.  

If you are interested in Provo, I live and work here (part time agent & investor).  Let me know if I can get you any info such as comps, active/sold listings, etc..  I'm open to partnerships and have many contacts in the area.

Chris, I also live in Provo and would love to grab lunch some time.  We have similar goals!  Welcome to BP, I hope to meet you soon.

There is a really good chance the property isn't zoned for anything other than a single family residence.  So unless it is in a neighborhood with a lot of other rentals, converting it probably wouldn't be easy.  You would have to go to Orem City and request a variance to the current zoning.  I would be happy to look at the county zoning to see what they have it listed as.

I am an investor primarily and I also have my Realtor licence.  Because I am an agent, I couldn't pay you a bird-dogging or finders fee, but if you are interested in partnering on a deal, I am very open to that.  If that doesn't work for you, I also know other investors who might be interested and who are not agents.

Please send me a message and I'll pull some comps for you. 

I would consider myself to be an investor friendly agent.  I helped one client purchase two investment properties over a 1 year period, but it took about two dozen offers (and another one to two dozen showings) to finally get these two under contract.  He knew exactly what he wanted and our showings took about 10 minutes per property to know if he wanted to make an offer or not.

I have limits to my flexibility though.  Here is what I would ask from you:  1. You get pre-qualified before hand.  2. Don't make blind offers (there are a few cases where I may allow this but generally I want you to see the home before submitting an offer). 3. If you are making low-ball offers I often give a verbal offer to the listing agent to see if it is even worth our time to write it up (It takes me up to an hour per offer to prepare and finalize an offer with digital signatures).  4. Give me 24 hour notice and be flexible for showings (sometime we can get into a home sooner, especially vacant listings, but I am not available for showings at any time).  

Let me know if these requests are reasonable and if  I can help you.  I focus my efforts in Utah county, but can do showings in Salt Lake county as time permits.

Dave,

As another Provo investor/agent, I would love to work with you in a future deal.  It sounds like you have a lot of construction skills which could come in very handy - please send me more info (what you've done, what you don't do, how you charge, rates, etc...).

Welcome and best of luck on your investing.

Thanks,
Tim  

Although I've been investing since 1999, I've only managed to build my portfolio to a fraction of what I hoped I would have by now.  I've always done it on my own, and I need to do a better job at networking with others.  I don't currently attend any REIAs and I know this would help.  I love the idea of BP, and hopefully I can do a lot more networking here.

I am a licensed real estate agent, so if anyone wants to get set up on automated MLS emails that match their home search criteria, I'd love to hook you up. I can give investors a deal who both buy and sell a property with me as your agent.

Outside of investing, I am a software engineer and love traveling and being in the outdoors.  I've also been very fortunate and have been able to visit many fantastic places (Brazil, Ireland, Jerusalem to name a few), but hope to explore much more.

I wish you all the best in your investing, please send your advice and encouragement my way and I'll do the same for you.