Hello, new investor in Utah

**CodyUT** · 01-12-2009, 09:51 PM

Hello everyone, I am relatively new to investing. I purchased one property in 2006 and have rented it since. Looking to further my education about investing and purchase more.

**Jared** · 01-13-2009, 05:20 AM

Hi Cody, welcome to the forum! I think right now is a great time to buy and hold property. I wish I had a huge pile of cash right now, I would buy up a third of Fort Wayne!

I just think there are so many opportunities out there to buy houses at steep discounts, put a little rehab into it and then rent it out. Either way, good luck with your venture!

**donrock** · 01-13-2009, 06:10 PM

Welcome to the forum. Its a great time of the real estate cycle for an investor. The foreclosure, REO and short sale investing is the way to go. To get more info on these subject pick up my free report and visit my RE blog.
The URLs for them are in the Signature below.
Good luck,
donrock
PS. You might want to do rent to own on your properties. The blog has quite a bit of info on lease option or rent to own.

**CodyUT** · 01-13-2009, 07:50 PM

Originally Posted by donrock

Welcome to the forum. Its a great time of the real estate cycle for an investor. The foreclosure, REO and short sale investing is the way to go. To get more info on these subject pick up my free report and visit my RE blog.
The URLs for them are in the Signature below.
Good luck,
donrock
PS. You might want to do rent to own on your properties. The blog has quite a bit of info on lease option or rent to own.

Thanks for the reply, I will definitely check that info out too.

**VAInvestor** · 01-13-2009, 08:54 PM

Welcome to the forums, Cody. If you can learn to be successful in real estate investing now, when the times get easier, you'll be golden. Ask lots of questions and use as many free education resources as you can - there's lots of them, but don't wait too long to jump in. Too many people spend years learning, and never pull the trigger. But since you already have one property, you won't have that problem since the trigger's already been pulled!

**rbarrett** · 01-14-2009, 11:07 PM

What's the best source to find REOs in your area? Is there a site I can go to learn more about the dos and don'ts of buying REOs?

**CodyUT** · 01-20-2009, 11:48 PM

Originally Posted by rbarrett

What's the best source to find REOs in your area? Is there a site I can go to learn more about the dos and don'ts of buying REOs?

Im trying to lear that myself. I have access to a couple of different sites to look into REO's. I want to find more info about it too as I am always looking for some great deals for myself of others in my area. I will be in touch shortly with some infromation about this. Ill post it in the regional forums for all the UT members here. Good to know there are others looking into the same thing though.

Also your comment ab out "Do's and Dont's of buying REO's", my only comment [and many will possibly agree], it depends on the DEAL. I have heard numerous times NOT to buy REO's and have heard numerous times that its the only way to go. Creativity to make the deal work is the key. Myself am looking into what I cant purchase soon to have tenants until the market start to get strong again. Perhaps outlining some goals of what you want to accomplish would be a firat step. I have someof my own in mind too..... I will deffinately get you some more infor though. Thanks for the reply.

**CodyUT** · 01-20-2009, 11:51 PM

Well I just read you have 44 rentals. Nice, Ill have more info to you soon. Again, thanks for looking at the post and your reply.

**donpeace** · 01-23-2009, 07:07 PM

hi investor from utah.
how's the market there in utah now

**CodyUT** · 01-26-2009, 05:42 PM

Just read in the paper yesterday that sales were up from last month. While still being down from a year ago, it looks like it is moving along ok. The market still seems to be saturated with homes right now making prices lower too.