My buddy is looking into this and found at least one credit union here in UT that will do it up to 80%....

If they sign a contact with you then they become a “Limited Agent” (in Utah it maybe named different in other states) in the transaction.

I am actually from there (Riverside/Avondale area) and starting out in sending some direct marketing there.Most of my real estate business has been in CO, OH, UT, and the south part of Florida, so this campaign will be me just getting my Jax investing feet wet.

I'm considering a duplex in Ogden, UT.

I live in Santaquin, Utah and I am looking to invest in Utah County.

Hi AndrewThat's a tough one because tax rates seem to vary from state to state.I'll give you a quick example: Salt Lake City, Utah $300,000 home with an annual tax amount of $2,500.Detroit, Michigan $35,000 home with a $2,500 annual tax rate.Pontiac, Michigan ( different county that Detroit but only 20 miles north of it) $35,000 home with a tax rate of $700 annually.In the midwest and west I see an NOI of under 6%, in C grade neighborhoods.Select areas on the east coast and surrounding region I see NOI's of 9% to 15% in C grade neighborhoods.Property Taxes are the same whether the home is held personally or in an llc.I hope this helps, please feel free to send me any Specific questions and I'd be glad to answer them.Good Luck.

If you are willing to consider out of state investing you should really check out what we are doing out here in Utah County, UT.

Hi MarinusI'm not from either of those locations, I'm from Salt Lake City, Utah.

Any investors here in Utah have any success stories with spec homes?

I live in Northern Utah and I have been looking and looking in Davis and Salt Lake Counties and haven't found a ton of deals, everything seems vastly over-priced.