All Forum Posts by: Justin Munk

This is a great take on it! Thanks for sharing!

I am an investor in Utah. I quickly realized that the price point in Utah was not favorable. I have moved on to other markets in the mid-west. Even Southern Idaho has some potential. Grab David Green's book on Long-Distance Real Estate Investing. @David Greene He will build your confidence in going to other markets.  I signed contracts on two properties in the mid-west last week and I owe a lot of that to that book. It is totally possible. 

Also I run a local meet up in the Logan area each month. Let me know if you want to come. 

Welcome. That sounds like a good plan. Reach out to me directly if you need anything or have any questions. Also, for day -to-day updates on my journey follow me @themoneymavenproject on instagram. 

@Mark Christensen I did. I can’t ever make it on Tuesday night so we started our own meet up. Come join us if you can.

@Zachary Jensen

It was great. Just a handful of people so nothing crazy. We are meeting tomorrow night at 8pm at the copper mill. Come join us!!

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*This link comes directly from our calculators, based on information input by the member who posted.

This report shows that I have no capital in the deal once I refinance. But it don't understand how that is possible. I am using hard money for $105k. Putting $45k down for a purchase of $150k. Putting in $45k of rehab. So to pay off the hard money and get my investment back I need $195k right?? The bank will re-fi for $180k (ARV of $250k) So Im $15k short, Right???

Id come to a Davis County meet up! Let me know if you get one organized. 

We meet on the third thursday each month in Logan. You are welcome to come. 

https://www.instagram.com/the_money_maven_project/?hl=en

I couldn't find any meet-ups in the area so we decided to create our own. This will be open to all interested in investing in Real Estate no matter your level of experience. It is also open to those that can help investors. ie RE Agents, Contractors, Loan Officers etc. 

Northern Utah. Logan Area. Southern Idaho. 

View report

*This link comes directly from our calculators, based on information input by the member who posted.

I want to make sure I have accounted for the hard money correctly. 

Hard money terms are:

The will give me 70% of purchase price

12% interest for 6 month term

2% fee ( i think this is financed into the loan)

Where do I account for these fees in the calculator?