Utah Real Estate Investors

Investment Club

Jared Cook — Tue, 26 Feb 2008 21:20:00 GMT

Would anyone be interested in an Investment Club? Please let me know I'm starting one and would like to know if anyone would be interested.

Great real estate investment deals

Jared Cook — Wed, 30 Jan 2008 19:11:00 GMT

Project- Dear Valley

Property -1

ROYAL OAKS SUBDIVISION (Deer Valley)

Appraisal 4.4 Purchase 3.475

Property -2

Hidden Oaks at Deer Valley, Phase 3

Appraisal 4.75 Purchase 3.3

Property -3

Royal Oaks Subd. Phase 1

Appraises for 3.6

pick up for 2.65

seller is willing to do a seller carry up to one year

with 600K hard earnest money

it currently has an option arm with countrywide with a negative am payment of $9,700

sweet deal 9000 square feet awesome views

The appraisals are very conservative the properties comp out higher, these are not pushed but I always urge people to do there own homework.

Project Summary: Utah/Idaho- Bear Lake

The following information is provided as a good faith estimate by S. I. Builders. These estimates are based on past

performance averages and other information available from third parties that is assumed to be accurate at the time of this

publication. This entire sheet is for informational purposes only and is not intended to be an offer or the basis for any legal contract whatsoever. Information is deemed reliable but not guaranteed. Buyer to verify all information.

Exclusive Terms: 90% LTV

Timeline: 6 month construction period

Reservation Deposit: $6,000

Estimated Numbers: Value… $625,000

Construction Cost… $497,500

5% yearly appreciation = $31,250

Equity position 100,00 to 125,00

Incentive 1: S. I. Builders will pay 12 months pmts

Incentive 2: S. I. Builders will furnish with furniture

Bank Qualifications: Second Home

Credit Score: 700+

Employment: 2 years in the same line of work

Assets: $50,000

Reserves: 6 months (approx. $24,000)

Exit Strategy: Build and Hold

This is a prime location for holding any property. Bear lake is a year round vacation

attraction. Sun, swimming, boating, golfing in the summer, and snowmobiling in the winter.

Monthly expenses…

Mortgage payment

Taxes

Insurance

Note: This document is merely illustrative and does not represent a contract or guarantee. Please see all

accompanying documents and contracts for complete details regarding the transactions described herein. The

contemplated transaction entails risk and is not a security.

The following information is provided as a good faith estimate by S. I. Builders. These estimates are based on past

performance averages and other information available from third parties that is assumed to be accurate at the time of this

publication. This entire sheet is for informational purposes only and is not intended to be an offer or the basis for any legal contract

whatsoever. Information is deemed reliable but not guaranteed. Buyer to verify all information.

AMMENITIES…

-Walking distance to Golf Course

-Beach Access

-Swimming Pool

-Jacuzzi

-Tennis Courts

What are you doing in this Market?

Jared Cook — Fri, 27 Jul 2007 19:32:00 GMT

My of my investors are asking what I'm doing personal in this market that we have today. I feel like we have seen just about all the appreciation we are going to see in the Salt Lake Valley. But this isn't a bad thing I think you'll be able to pick up fix and flips easier in then next couple of years rather than bidding against so many other people to pick a good property.

Also If you still want to hold properties I would suggest other areas like weber, davis, and tooele county. I think these areas haven't seen as much appreciation as the Salt Lake Valley and I think they will still see some growth in the next couple of years at least the next year.

I hope that answers so questions, but if you ever have any questions please feel free to call or e-mail me or leave a comment here and I'll do my best to answer them

Welcome to the Utah Investors Networking Blog

Jared Cook — Wed, 17 Jan 2007 23:38:00 GMT

I really hope that everyone will start to participate in this Blog. I'd like this community to be about help others while helping ourselves. As I was saying in the new Utah Investor page http://www.utahshomes.com/Utah_Investors/page_1770112.html I've been investing for 4 years now and one of the things I've learned along the way is it about your networking. It's about being to ask everyone if they have a great plumber, or if they have a great property management company. It's about asking and answering other peoples questions. Please take the time to use this new resource. I hope you all enjoy it.

I have a great carpet person for all of you. His name is Kyle and He runs the Abby Carpet in Riverdale, but he does work in Salt Lake also. Just tell him that Jared sent you and he'll give you my discount.

(801) 393-3355 4010 Riverdale Rd Ogden