Ogden

[Brady Lee]

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. I have started to look more up north towards Ogden, has anybody had any luck up there? There are some cheap houses but some of them aren't in the best of areas. I would love to hear what experience/success people have had up there or in any area that isn't "the best" of areas. Thanks

[William Hochstedler]

@Steven Bond

I've been thinking about your model up here.  There's definitely a price point sensitivity that may be making your townhome model so effective down there that would have to be compared to available options up here.  There's a lot of stock of 10-25 year old detached tri-levels in places like Roy in that size.  These are selling briskly at $105-125/sf and tend to rent for under $1250/mo.  There's lots of military personnel and production workers.  Vacancies are very low, but it's not driving up rents much because of income limitations.

Check out Meadows at Riverbend.  This is a downtown development that may be a bit ahead of its time.  We should catch up.

@Brady Lee

For buy-and-holds, I love the under $100K price point. Small, detached SFR that I can rent for under $1000. I like to keep my flips under $175K (selling price). I'm finding very few deals on the MLS and they tend to be highly competitive. I don't personally direct mail, but work with a lot of people who do. I buy from wholesalers, at trustee sales. Other agents call me with problem listings. I get leads from tenants, property managers. Property owners come to me with their headaches. There's no one-size-fits-all. Just a lot of networks and keeping my eyes open.