Rookie here with a rookie question!

[Deklyn Troy strong]

Hi we just recently sold our house a little while ago and finished our first deal!  We have been looking for deals and haven't had much luck cold calling or driving for dollars. Any other recommendations you guys would suggest? What's some different strategies that worked for you guys? Thanks in advance! Southern Utah area!  

[Jason Wray]

Deklyn,

You can always lean on wholesalers or flippers as well as Foreclosure/Auction attorneys. Another big tip would be to build a comfort level with the idea of out of state investing if you are not yet out of the Utah market. I know Utah has had some success over the years with REI but its also on the "High End" when it comes to sales price.

A good 90% of my investors buy in other states like IN, OH, FL, GA, TN, NH, TX and a few other states. Main reason is these states offer a better price to cash flow ratio which is a big factor. You can also find a Duplex for under $200K with reasonable taxes and Insurance. In Tennessee for example you can find a property in or around Knoxville under $250K that comes with an acre or two and annual taxes under $500.00!

Places like Florida are a non stop tourist attraction that is no seasonal that's why STR's (short term rentals) do so great. If you have any questions or want to check on other states or neighborhoods feel free to reach out.