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Beaver Utah, located on a major interstate and is close to recreational activities.

I’ve had one project go to foreclosure and a second that will be having a trustee sale on Monday. With the way land has gone no deals yet. We are seeing prices down 30-40% on our side from the peak. Still actively looking to buy. I know a fair amount of people sitting around with a lot of money...

Depends what county your vehicle is registered in. Most the counties down south do not have smog while it’s hits or miss up north.

Century homes laid off 40% of their staff in Utah yesterday. They are a top 10 national builder. I think California won’t be effected due to limited supply and how much entitlement/permitting sucks in a lot of jurisdictions. We are a semi regional builder doing about 400-500 homes a year and our...

The New Harmony area is one the coolest places in the state in my opinion. Riding directly from your house. We used to ride a single track loop there once a week in college. I would also recommend the Parowan area as well.

Check out performance place in south Jordan. When I was running a fleet for a construction company we took everything there. They have done multiple cats for us. Honest work at a decent price.

Multi family developers are gonna get hit as well. Most projects under construction in the last 2 years are over budget and with rates rising unless they had rate options they will be locking in the 6-7% range when done instead of the 3-4% range. A lot of these developments will be underwater...

We are loosing money in at least 2 subdivisions right now. Owner basically said it’s not gonna get easier to sell these home so just start off loading. I think this winter trades will start to feel the pain.

What mpg are you seeing on the 21 6.6?

What causes the seller to be desperate? Looks like it sold last for $198k in 1998. Death sale?

St George is a super speculative market. Give it 2-3 years and prices will be substantially lower imo. Gonna start hunting for land in Cedar City so I’m in the same boat.

Anyone choose to not insure their newer sxs?

Was at a foreclosure auction today. Lawyer said it’s the first one he has done in years. Ended up going back to the bank. Another guy called us today with 55 lots he can’t move and his lender (hard money 20%) is trying to get the debt serviced. In my opinion we are just in the phase of...

When you factor in property tax and maintenance someone lost there ass. The opportunity cost on that is the real killer.

Wait out st George, once construction dries up there that town gets wacked. There is a ton of speculation down there right now. A lot of keeping up with the jones in that city with the Morman culture down there.

Northern utah

Will this be the end of the Pomona swap meet?

If anyone is looking for some real life examples we’ve got 2 subdivisions we were under contract to purchase that will be going back to the lender through foreclosure. This has unfolded in the last week. Both have hard money lenders as the primary. 77 lots in total. I don’t know as far as how...

We are currently switching from 100% spec to partial pre-sold. Getting first right of refusal options on land and will list them for sale only as pre sale with a substantial amount down as non refundable deposit. Most big builders have gotten smart with volume but it’s the little guys that will...

A lot of markets don’t appreciate well at all. When you factor in property tax, repair/maintenance, and interest expense it’s hard to pencil just off appreciation. In my opionon it really is a cash flow game if your try to use real estate for investment purposes.