Nice to meet everyone here. My name is Mike Anderson. My Company's name is Junk House Riches. We have been buying homes in Bulk Packages for the past Five years. Last year alone we sold over 2500 homes and have set...

i am trying to say it is not worth to go with Section 8 if your rental unit csn be rented ut easily.  

RichI also like certain areas in Utah and will be visiting there next tuesday on a possible buying trip.

They are based in Lindon, Utah I believe.

I do own 2 rental condos (in Provo Utah), a small commercial office, and residential single family rental.  

The next 12 months will be difficult though.Other areas to consider are the Mountain West (Utah, Idaho) and the SouthEast (Tampa, Atlanta, Charleston).

My grandparents and my parents purchased a piece of land back in 2000 in Duchesne County, UT.

So for meI borrow from bank at 90% of cost.. so say I have a 200k all in project that would be for a 265k houses.. bank loand 90% of cost not to exceed 75% of appraisal ... so 20k out of pocket.. interest reserve build into loan... 10% for soft costs are 26k bring it down to 240k and there is usually 10k of Ut oh.. and net is about 30 to 35k or 10 to 15% of gross.. or 100% plus cash on cash.. the idea in building is you need volume.. so your closing 2 or 3 a month then your making some decent money.

I work with a builder here in Utah that has completed 10 brand new 4plex developments over the last few years.  

I have heard that the 529 plans in Utah and Nevada area the best as you can select low fee Vanguard funds.