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All Forum Posts by: Shannel Tuitele

Shannel Tuitele has started 1 posts and replied 13 times.

Post: Cash Flow v/s equity

Shannel TuitelePosted
  • Investor
  • Salt Lake City
  • Posts 15
  • Votes 7

Now that's a response! Thanks I'm going to develop a roadmap too :) 

@Henry Clark

Do you have LinkedIn? Don't sleep on it if you don't. Most recruiters and whoever you're trying to reach at a company will usually look you up there before they review your resume. Also, it's an easy way to find out the right people at a firm to talk to in the position you want or even send a cold/warm pitch via message to the real hiring person managing that team. 

While you're at the firm you're at - start networking with people on that team, take any work that none of them want to do to add value, and keep all your receipts. That will be your portfolio for there or a different place. If you can't get work internally then do a small project for a random firm that will take you a little bit of time to show you have the "work experience" they are looking for. You got this!

Post: Aspiring investor here to learn and connect

Shannel TuitelePosted
  • Investor
  • Salt Lake City
  • Posts 15
  • Votes 7

Welcome Nelson! You got this

Love St. George :)

Do you want to move or not? 

If you move - What's your success criteria for deciding if you'll use a Heloc or not, what other financing options are you considering, what's your risk tolerance (Heloc - interest only payments that you pay x amount of months over a specific timeline. The risk here is if you don't pay it back during the agreed timeline the rate can potentially change). 

Goodluck 

Post: New investor (wholesaling)

Shannel TuitelePosted
  • Investor
  • Salt Lake City
  • Posts 15
  • Votes 7

@Becky Larsen Let's connect. I'm in SLC too. I don't do any wholesale but I am an investor so send me some deals ;) 

From what I've seen from other wholesalers it's a lot of cold calls so don't discouraged b/c even 1-2 deals a month OR even a quarter can really make a dent over time. 

Best of luck!

Post: Over saturated markets

Shannel TuitelePosted
  • Investor
  • Salt Lake City
  • Posts 15
  • Votes 7

@Eliott Elias Agree! @Antonio Garcia If it makes sense to you do you! (e.g., population growth yoy, job growth yoy, crime rates yoy, income yoy, housing appreciation yoy, etc.). Good luck!

Post: New Real Estate Investor from Layton, UT

Shannel TuitelePosted
  • Investor
  • Salt Lake City
  • Posts 15
  • Votes 7

Hey welcome @Jason Reeder. I'm in SLC so not too far from Layton. You got this!

Post: Getting started in the Utah Market

Shannel TuitelePosted
  • Investor
  • Salt Lake City
  • Posts 15
  • Votes 7

@Brad Jacobson Second your thoughts! @Russ Christensen Can't go wrong with house hacking ;) 3% down for your first home. It's a no brainer. Sidenote - just lean on your strengths and bandwidth to see what interest you because you can take this a lot of different routes (remodeling homes, house hacking, cold calling nonstop - wholesaling, realtor, loan officer, etc.). Good luck starting!

Post: MTR - Richmond, VA

Shannel TuitelePosted
  • Investor
  • Salt Lake City
  • Posts 15
  • Votes 7

@Andrew Romick Hey I don't have much experience in MTRs in Richmond, VA specifically but pretty familiar with it here in Utah (Salt lake & Utah County / St. George). I would definitely consider what type of attractions nearby (here it's ski resorts/natural parks) / top businesses nearby (for business people coming in and out since hybrid work is on the rise, travel nurses, etc.) /experiences (here it's random hype stuff that can come up on IG/Tik Tok for foodie places, etc.) / competition for similar MTRs / what region is easier for you to find a solid team (e.g., cleaners, maintenance/repairs, etc.).

Goodluck!

Post: Claim RE Professional status with W2 from full time job

Shannel TuitelePosted
  • Investor
  • Salt Lake City
  • Posts 15
  • Votes 7

@Michael Plaks - definitely lean on his counsel. @Mengqi Jia Like the old saying goes - if it's not documented it never happened. If you can gather the right documents to verify you've spent the allotted hrs it's definitely worth taking to a CPA that has a real estate arm/focal point to give you the best advice b/c it's a huge tax reduction.