All Forum Posts by: Drew Clements

Building a Rental and Commercial Cash Flow Machine

Our presenter for this meeting, Cody Reeder, has been managing and buying properties since 1998. He currently serves as the President and Owner of Reeder Asset Management.

Don't miss this opportunity to learn from a buy-and-hold/property management professional.

Your first Northern Utah Real Estate Investors Association (NUREIA) meeting is FREE, so come learn and network February 7th in Ogden!

Membership and other event information is at NUREIA.org

How to Get Commercial and Portfolio Loans from a Local Commercial Lender

January 18, 2017
Time: 6:00 pm - 7:30 pm
Place: 580 N Main; Logan, UT 84321 (Basement space)

Randy Fisher, Vice President of Lewiston State Bank, a local Cache Valley bank, will present "How to get commercial and portfolio loans from a local commercial lender." If you're a buy-and-hold investor (or hope to be) this presentation is for you! Portfolio loans and other commercial lending products are what will allow you to keep expanding your portfolio once your personal credit and balance sheet turn off conventional sources.

Your first Northern Utah Real Estate Investors Association (NUREIA) meeting is FREE, so come learn and network January 18th in Logan!

Membership and other event information is at NUREIA.org

The Northern Utah Real Estate Investors Association (NUREIA) is holding our first ever meeting in Ogden, Utah.

January 3, 2017
Time: 6:30 pm - 8:30 pm

Place: 533 26th St; Ogden, UT 84401

Your first meeting is FREE, so be sure to come, learn, and start networking in the Ogden area! Membership and more meeting details are at NUREIA.org.

Meeting details:

Wholesaling in the Ogden Market

Cody Hoffhine, owner of Cody Hoffhine Insurance and UtahSellNow.com will tackle "Wholesaling in the Ogden Market" at this first Ogden NUREIA meeting - We're super excited to have Cody speak and if you're new to investing or have an interest in wholesaling or traditional "flipping" this presentation will be loaded with actionable tips for you!

I need to replace a couple windows at my property in Roy, UT. Can anyone recommend a vendor with "investor-friendly" prices in the Ogden area? I live in Logan, so could even stop on the way down... so any recommendations between here and there are appreciated.

I'm up in Logan, but we're working on expanding our investor meetup down to the ogden area. Check out NUREIA.org - if you sign up for the emails, you'll get all the details on when and where. Right now, we're looking at September sometime for the first meeting. SLREIA also does some great meetups in the area (I like the northern utah lunch meetup in Roy as it's more laid back, but still well-attended). Their event info is on their site (most of the time) at SLREIA.com. Hope to see you around!

For me, it all depends on the neighborhood norms... I'm rehabbing a house in Roy, UT that was trashed and sat vacant for months right in the middle of a great neighborhood. It looks like the Adam's Family house at the end of a culdesac. I'm going to do the landscaping (that means sprinklers, sod, much beds in this area), but I can't say I've crunched the numbers on ROI... I haven't done the volume to extract that kind of insight. But I do know that if I don't get it "in line" with the surrounding houses/neighborhood, I won't get the best price I can out of it. That's how I make my decisions for the Median homes at least.

Hi @Bryan Gasparro, be sure your check out the SLREIA meetings (slreia.com) - the association is really strong in SLC and you'll meet lot's of high-caliber investors there (of course, you'll probably meet a few that vibe MLM, too; but that's unavoidable... just ignore them). Good luck with your investing!

@Kurt Gardner and @Aaron McGinnis, that's pretty much the way I've been leaning - it's hard to estimate those "quiet" costs of slab installation... that would require more time and experience to truly quantify. But for now my gut is telling me the predictability and peace of mind is worth the pre-hung premium. Thanks for your input!

But as Kurt alluded to, I'm sure there's a inflection point where slab is the way to go - when there's enough volume and you have a carpenter that does enough of them to make outcomes are predictable...

I've got a couple flips where I'm planning on replacing all of the interior doors with pre-hung units since the existing jambs are pretty beat up (some kicked in)... but made me think to ask this question:

If the jambs are in good shape, but the doors need to be replaced (say it's a style issue only) AND you'll be replacing the trim, do you go for pre-hung or slab in that case?

What do you do and why?

Morning @Spencer J Jolley,

I've been up in the Logan area for almost a year now investing full-time... always looking to meet locals and see if we can work together. I'll send you a colleague request and we can set up a time to chat from there. Be sure to check out our local REIA at NUREIA.org, too.