On this episode of the podcast, we are joined by new investor Alex Jimenez. At only 19 years old, Alex has already established himself as a realtor and is beginning to invest in his own properties. 

Alex explains what he is looking to invest in currently, including duplex and multi-family properties to insure as best as he can that he will always be making a profit. While Utah is currently not great for cashflows, Alex still plans on purchasing mostly cashflows, but is open to potential equity properties as well. 

Building a portfolio can be very simple. Most importantly you need to just get started to begin to realize profits in real estate. 

Mark your calendars for Thursday, October 13th when we’re hosing an investment seminar here in Draper at 6pm. 

We’ll teach you about spec homes, land development, fix and flips, getting into syndication, multi-family, buying big multi-family projects and how to make your money work for you. 

Check us out at :

https://www.primerealestateexperts.com/

Today we’re discussing opportunities to invest in land with expert Craig Whiting. 

If you are in a position to make a good down payment you can look into buying lots and either building on them or holding them. 

We’ll walk through some real life examples of buying land here locally and how those investments have played out. 

We’ll talk about partnering with groups to qualify for acquisition and development loans, building spec homes, and what Craig looks for in a great lot. 

Mark your calendars for Thursday, October 13th when we’re hosting an investment seminar here in Draper at 6pm. 

We’ll teach you about spec homes, land development, fix and flips, getting into syndication, multi-family, buying big multi-family projects and how to make your money work for you. 

Check us out at :

https://www.primerealestateexperts.com/

Hello and welcome to the episode! OK after inspections and getting under contract, our next step is to talk about mortgages. 

We’ll be talking about what you put  down as downpayment and your goals for cash flow. 

I’m going to explain one option for a loan available here in Utah at Mountain American Credit Union has a loan for 10% down with no mortgage insurance. It’s amortized over 30 years, but at 15 years it turns into a variable rate. The interest rate is between what you’d paid for a residential or inventor loan. Talk to me if you have any questions about this loan.

OK once you have the property I strongly recommend hiring a management company. Their fee is 10% of the rent plus maintenance costs and I tell you, this is the best money you can spend. 

I’m not a big proponent of the BRRR Method where you look to Buy Rehab Rent and Refinance. I plan my strategy around knowing what the interest rates are going to be long term, so that’s my opinion there, but I’d be happy to chat more in depth. 

I’ll be sending out an email with the top 10 deals of the week each and every week. if you want it let me know by emailing me at duane@prex.com.

Check us out at :

https://www.primerealestateexperts.com/