All Forum Posts by: Scott Bowles

@Blair Poelman Why do you think you had worse experience there then any other part of Utah? @Stacey Mollinet10% of purchase price seems SUPER high for expenses. So on a $300K purchase you are budgeting $30K per year for expenses and CAPEX? I usually estimate between 200-300 per month per unit and I think that is conservative...HOA details should be in the sellers disclosures...I would agree 10% is a good super conservative vacancy number.

It seems to me like all of those expensive teaching programs are at best a waste of money if not outright predatory. I would instead use that 20K wisely for whatever kind of investing you are involved in.

Don't do it.

Different place then the one I walked through was really really rough. On paper looks good!

@Ben Visser I think I may have looked at this property, have you been inside yet?

@Blair Poelman I think it is legit it may be because we live in a non conforming duplex and rent out the basement space. I don't really know the best way forward. I am thinking either I should just ignore it and pay a fine if need be or think about asking the family down there to leave and using the space as a short term rental. I think the family down there must have pissed off a neighbor who called the city or something...

I just got a notification from the city of Salt Lake that I am required to obtain a business license in order to operate rentals here in Utah. Have any other investors heard of this or gone through the process? Seems kind of bogus and I only got the notice on one of my properties, so I am wondering if it is something I should proactively do for the others as well...

What is the appeal of these marketing schemes? Why not research legitimate turnkey providers yourself based on reviews, years of experience, recommendation etc. Or buy locally, Kentucky cant be that expensive. This seems like more guru crap I personally wouldn't buy a property this way...ever.

Does anyone have positive experience with property management companies in Pocatello? I am trying to decide whether or not to self manage up there. Thanks!

@Alexander Felice I thought you were just talking about repairs and CAP X, nothing else. My total expenses are definitely projected higher then 30%. Yeah I hear yah about the passive part and one day it may not be worth my time to do work myself, however I like it and I am definitely not there yet, more in the grinding stage haha. Cheers thanks for the feedback!