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All Forum Posts by: Charles Knudsen

Charles Knudsen has started 1 posts and replied 16 times.

Post: Rehab Loans - 10% Down - 75% ARV - Newbie Investors Welcome

Charles KnudsenPosted
  • Residential Real Estate Agent
  • Lehi, UT
  • Posts 16
  • Votes 2

Are you restricted to certain states? Are these available in Utah?

Post: Keep renting (possibly refinance?) or sell?

Charles KnudsenPosted
  • Residential Real Estate Agent
  • Lehi, UT
  • Posts 16
  • Votes 2
Originally posted by @John Stockinger:

I'd love to rent to a family, I should definitely do a better job exploring that option. I'll need to do more research on how to find a family to rent to. Just based on my age/social circle (29, single, etc) I've got a lot more resources to find students or working professionals to rent rooms to. 

KSL.com (it is driven by rentler.com) is the place to post for rent locally. Get on check what similar properties are renting for and you can easily set up an account and list your property. It also saves all your information so you can make the add inactive and when you need to rent it again you can reactivate the add. Hope this helps.

Post: Driving for dollars for multi family properties

Charles KnudsenPosted
  • Residential Real Estate Agent
  • Lehi, UT
  • Posts 16
  • Votes 2
Originally posted by @Brian Ewell:

Thanks George.

I put a posting on Craigslist for multi family properties, but didn't think about checking the rental listings. I will do that. Thanks for the info.

Gino, 

Thanks for your input. 

I don't have access to the MLS, but will look into finding brokers on loop net. I think that looking at the zoning of the neighborhoods is a great idea too. Thanks

Brian - Everyone has access to the MLS. You just need to register and then you can search for all "active" listings on the Wasatch Front MLS.

Go to www.utahrealestate.com  - click on "sign up" in the top right corner.

You can also have a realtor set up automatic hot sheets, where you will be emailed any new property meeting specific search criteria on a weekly, daily or even hourly basis. 

Let me know if you need help or want to set up a hot sheet. I would be happy to do that for you.

Charlie Knudsen

435-512-7231

[email protected]

Post: Newbie from Salt Lake City, Utah

Charles KnudsenPosted
  • Residential Real Estate Agent
  • Lehi, UT
  • Posts 16
  • Votes 2

Welcome Brian. 

I encourage to also get involved at the local level by attending some REIA meetings if you haven't already. There are several close to chose from.

www.wareia.com

uvreia.com

www.utahreia.org

Multi Family properties are selling at a premium right now in the SL area, however, there are deals to be found. 

Let me know if I can be of assistance.

Charlie

Post: Howdy from the saltiest part of Utah!

Charles KnudsenPosted
  • Residential Real Estate Agent
  • Lehi, UT
  • Posts 16
  • Votes 2

Welcome @Brett Thompson. I'm also in the Salt Lake area. Look forward to seeing you around. This is a great place to learn.

CK

Post: New Investor From Utah

Charles KnudsenPosted
  • Residential Real Estate Agent
  • Lehi, UT
  • Posts 16
  • Votes 2

@BreeAna Kunz

Welcome to BP and Real Estate Investing in general. There are several local REIA's. One I've liked and have been going to meets 2X a month. Website below.

https://www.utahreia.org/

Excellent place to network and find others to work with.

Charlie

Post: Title Company or Attorney?

Charles KnudsenPosted
  • Residential Real Estate Agent
  • Lehi, UT
  • Posts 16
  • Votes 2

@Connor Moulton

Connor welcome to BP. There are a lot of buyers out there to wholesale to if you can find good deals. Lead generation is probably where you should focus. Add me to your buyers list if you find anything.  [email protected] 435-512-7231. Good luck. 

Post: Real Estate Investing Meetings

Charles KnudsenPosted
  • Residential Real Estate Agent
  • Lehi, UT
  • Posts 16
  • Votes 2

@Rocio Zorrilla

www.utahreia.org - Meets 2X a month. Have made a lot of great contacts there.

Post: Introduction for potential House Hacker in Nothern Utah.

Charles KnudsenPosted
  • Residential Real Estate Agent
  • Lehi, UT
  • Posts 16
  • Votes 2

@Jake Davies 

Kudo's for diving in at an early age and getting your feet wet. Lots of good advice and tips on this site and in this thread so far. 

I'm going to throw out some additional considerations.

Your advantage right now is your age and the ability to finance (at historic low rates) a 4 plex as a personal residence, with minimal amount down and use the income from the other 3 units to help qualify for the loan. 

Decide what area you want to live in, then find the best deal you can in that area that fits your overall housing budget. A property that doesn't make sense for a traditional investor right now could make a lot of sense for you because of the advantages I mentioned earlier. You need to evaluate the property differently than I would right now. 

Are you comfortable living there now and is it a property that you want to own 20-30 years from now. 

I like the approach going direct to the owners approach you are taking.

Good luck! 

Post: 5 Reasons why i see stable growth in the Salt Lake City market over the next few years.

Charles KnudsenPosted
  • Residential Real Estate Agent
  • Lehi, UT
  • Posts 16
  • Votes 2

Figured out viewing the slides please disregard.