Like it here. Okay, let's go. covered up car, broken car window. Guy's got a shop in his garage.

nasty water heater sitting on the side. RV on an original driveway. Uh, nasty old pickup truck on the lawn. Everybody's got a pickup truck and I got nothing against pickups.

Okay I love pickups, but there are a lot of nasty ones and nasty RVs People parking on the grass. It's just it. It's it's just not where Househack is going to invest. I'm sorry you're you.

There's no homogeneity. Yeah, we got the we got the homies here like what the hell? dude, it's just all this trash over here I Don't feel I just don't feel comfortable I've never been so scared we just landed in Salt Lake City We're on the tarmac and we're getting ready to hunt for real estate in Salt Lake Remember that my goal is to visit about 200 cities this year to narrow that down to a list of about 20 cities. and then we're going to narrow that list down to about four or five markets we're actually going to invest in And that has two benefits. One, we're gonna pick the best cities first for our purposes, and second, we're going to prepare for our larger expansion because while we'll start with three to four or five cities areas to invest in, eventually, we expect that House Hack is going to expand its Investments across the entire United States So every bit of travel we do now is an investment into the future of growing this into the next.

BlackRock Invitation Homes You name it and we want it to be better and more efficient than them. So we're growing it from the ground up and we can't be more excited. If you want to learn and join this process, you want to invest with us, go to Househack.com to learn more. This video is not a solicitation.

Let's get into the content. Yeah, yeah, it's like GTA I got the van on the tarmac I'm going to take over the airport. Just kidding. We are law abiding citizens here and we're gonna go look at real estate.

What we should do once we narrow down to our three or four markets is probably in the future. just buy a cheap version of one of these vans that we park long term near the airports. That way every time we come, rather than paying you know, 150 bucks for a rental each day we're there, we're paying maybe a car payment of 300 bucks a month for the car. so that's that's down the road once we actually pick our markets in that.

but I Think that probably a used van like this would be good? Mikey You want to drive? Uh yes sir. Whoa. We got a wrap I'm sober bands It's Like Home Alone We got Kevin on board. Yeah, we do.

Please give me a good Uber rating. Yeah, some people say Hey Kevin why not just do Zoom or sit on Zillow on a computer and work real estate like a spreadsheet. It's because you can't do that in real estate. Real estate is a people business.

You make money in real estate with the connections you have not only to contractors and trade people but also people who have deals with their other wholesalers, deal finders, real estate agents. It doesn't matter. it could even be our REO agents. Whatever, you've got to have the connections.

If you don't meet people in person, you sit at home on a computer. You're not going to make money in real estate. You must get off your butt. That's what I want to do because I'm tired of sitting here and he didn't turn the air on.

It's hot guys. Look, this is how hard it is to be a YouTuber Okay here's a video thumbnail title video ready to go I Now had to remember before the market closes to go in here, Change the visibility from private to public and hit Save. Oh now it's posted there we go. Um back to what I was doing.

Oh I no way. Oh I Love it. look at that look. We got our our very first uh, house hack car magnet.

Oh in the last video people got mad at me that Kevin's was on his phone. It's like I gotta I'm trying to take some notes man. But then again sometimes I feel like people get mad no matter what. That sounded like progress.

So what do we got here? So you've got these are median home prices medium sold. So this so this is not even taken into consideration that actives are out there. So the stats are actually worse than this because as you know, if the actors haven't sold yet, they're not part of the statistics. What blows my mind is like the National Association of Realtors They take like three months to get that out right? So this is this is up to November You said correct and you already looked at the December Correct.

Yep. So I already looked at the December numbers and they're 5 20. So we see here that it went from 516 to 590. That's the medium price in six months and then as quickly as it went up it went down.

So we have already lost pretty much that all of the gains in 2022. and we're actually right here. 520 eating into the game. So in December was actually the first month we were negative year over year.

Oh it started. I Think there's a chance you're going to see in uh, between February to May, just the national media having a field day about this idea of oh my gosh, Exactly. the Panic itself is going to bring the market down. Yeah, exactly yeah.

And that's not even in the news media. So yeah, exactly. So this this so this is so this right here is 2020. So this is right at the beginning, right before the lockdowns and everything like that 30 60.

look at that explosion and look at the explosion and then look at the decline right there. which I Always get the comments people like. after all this Uh so uh okay. where are we? We're in the Avenue in the Avenues of Salt Lake City Correct, And you said this is, uh, somewhat close to downtown.

It's uh, close to the college. Yep, so this is close to the downtown area and it's closer to the University of Utah. So when I was going to the University of Utah had a lot of friends. Oh that's awesome.

Okay all right so a lot of friends that would actually live out here. and they would they would you know, share room, share the single family house. So it's a good location because people that are working in downtown and then people that are going to the University of Utah and then people that just want to be close to all the restaurants, bars and night activities and stuff like that. Now these feel like 1920s.

Yeah, what are the specs on this one? And and if they're 1920s and you either had twos and ones, threes and ones and four and twos came later. Yeah, so what do we have? So this one right here is going to be a three and a one one three one. So it's A it's a quarter so it's A so it's pretty much somebody. Yeah.

but I consider I mean it has a shower I consider it a full day here to consider it. third. So if it doesn't have a tub but a shower, for some reason, they don't consider it a full bathroom. Sure, Yeah.

I mean as long as you can shower? Yeah, So 1909. Yep, so this one's 1909. So the original list price of this home was 650 000 67 days ago. Now it's listed for six hundred thousand, almost a 10 reduction.

We're sitting at a square footage in total, including an 800 square foot basement of 25.82 built in 1909. let's take a look. Wow. Okay, so obviously.

well I guess the basements because when I walk into this immediately I think raised. Foundation But it's because we have a basement, correct? So underneath we'll have concrete. Okay, all right, and you're going to have majority of the houses here. pretty much at least a crawl space.

But um, but they're all gonna have a basement. and and I smell. You know the cigarette smoke in this one. Uh, that is the hardest thing to get out of a property is cigarette smoke.

Which is kind of sad because the kitchen's actually nice. Yeah, like this is a pretty nice. They went all the way to the ceiling with the cabinets. That's more expensive.

You have to go to the ceiling so you've got the hardwood floor. These are these are almost like three inch ochres or something. Uh, this feels like an add-on so you see like the difference. Yeah, ceiling.

and then you've got the slats up here. Uh, they made it a little more functional. They probably expanded the kitchen a lot. They probably did a lot more chopped up.

So uh, what? What do you have in terms of backyards here in? Utah What's normal? Oh my goodness. So in the Avenues and kind of the right here closer to downtown you've got a view man. Yeah yeah. I mean look at that.

so you're gonna have views from a from a lot of properties. and of course the views are worth money because you can't move a view right? Yeah, so uh, and do they have any like conditions for people building up over here? Limitations on that. So yeah. so there is a historical um oh in this in this area.

Yeah, okay so there. so you would have to get approval before you're able to do certain stuff and things like that. But yeah, as you see, I mean look at downtown. I Mean what's your time to downtown? driving here from here? Oh no.

from here, maybe it'll be almost 10 minutes. Maybe 10 minutes. Okay, I mean you'd probably be within like 70 minutes into downtown from here. How are they with airbnbs out here? Um, they're good.

I Mean there's a lot of skiing going on here, so there's a lot of Tourism as far as the winter and all of that. So people do do a lot of airbnbs here, but Airbnb isn't doing too hot nowadays. Are you guys noticing that? Yeah, Yeah, okay, interesting. Yeah.

So and yeah, so on some of the research I did as well. It just seems like they're not doing too too good. That makes sense. Uh, this is also I I Personally love it, but you get a lot of all of this is rot right here.

Uh, at the end you can see the ends rotted. Uh. All the lumber over here for the deck. I Saw that at the front of the house too, so it probably hasn't any had any kind of termite work in a while.

Uh, usually you hire a termite company. they'll deal with fungus and termites. now. do you guys get termites out here? So that's actually the good thing is.

uh, when it comes to just the stability of a house here, Yeah, it survives. There's there's no major humidity. We don't really have the termites and things that other. we don't get a lot of termites.

Okay, yeah, yeah. I Mean it's 100 years old, it looks like. Also, at some point they had a bunch of vines that were running up the side of the building. That is a perfect way to rot out all your wood.

What's your typical buyer do out here? Uh, like someone just like the job market. Yeah, so it really really depends where, uh, where you're um, living and where you're working. But there's a lot of tech here. they're kind of, you know Silicon Valley but it's called the Silicone Slopes.

Here's a lot of uh Californian companies are moving into the valley so Lehigh it's going to be right where the point of mountain where Salt Lake County and Utah County meet so is Utah towards Park City or the other way. So Utah county is going to be where Provo's at. So, but Provo's on on kind of the edge of Utah County God and Lehigh is closer towards Salt Lake Valley right here. and that used to be corn fields I Remember in elementary school we took a field trip there and there used to actually be like a corn-filled maze and now when you go there, there's all these tech companies and all these offices and everything like that.

So it's called the Silicone Slopes trying to be the next. Silicone Valley Yeah, yeah for sure. Yeah, um, who is it? It's a sofa. Phi is a they've I'm pretty sure fintech companies come to Utah because it's the easiest state to get your banking license.

It's really incredible because that is going to pull Finance here versus like another area that's big into banking. Tech is uh Spokane Washington but uh I think I think Utah has an edge because of the banking licenses out here. so that's really interesting. Yeah, they're definitely a friendly work state that's great.

Where do you see people move to? like wait. Like where where do people when they leave? Where do people leave too? So ironically ironically California oh you see people leave to California and then they come back. Then they come because they can't afford it. So oh man, the old wood.

Oh yeah, I mean it's kind of nice. Uh, people get mad at me. but I can't wait to spray it white. Now with this.

Yeah, this would have originally been finished because I I see I mean the windows are kind of funky. Yeah, you've got some moisture damage coming in through the window. you've got. these doors are original.

The only. the only thing it could have been is like an attic that they may be turned into some living. But I mean it looks like a older style. This has been here for a while.

Yeah, it is. That's what. I'm wondering if this was an attic before because where that staircase is a little funky? Yeah uh. and um, this is a little funky with the windows.

Yeah, this is. This is so interesting. I Really wonder if this second story was ever here to begin with. you you will see this.

Um, you will see this in this area. Do you know what the rents would go what this would rent for? Yeah so I actually did get that for this one. here. it's roughly um I ran an analytics comp on it but about 2 700 to 3 000 depending on what you do with the with the house, right? Wow.

The basement? Yeah, uh so this is what I Want to show you this one because you'll get a lot of this funkiness so you can see some of the bones of the house. Yeah, somewhere. Yeah. Water heater here.

Oh, they've got all their manifolds here. Oh, they replumbed the whole house. This is great. See, This is actually what I like to see is.

uh, everything's manifolded out. Yeah, it's a little messy, but this is good because you're you're getting new packs. copper plumbing. You've got some more pecs over here.

you get the yeah and they got the extension tanks. So yeah, it's definitely like you said, it's it's all newer. You've done newer work. You know what? that's the trick is.

From now on, if the plumbing hasn't been redone, we're just gonna put in the expansion tank and make it look yeah, uh yeah. The transition of their iron or not. an extra Place those are like lights. Yeah, we do.

uh. sewer laterals. I Recommend. Actually, usually on purchases, run a camera down the line and you can see it go out to the street.

Yeah, because you're right. I mean if if your cast iron drains under a house or gone, you have to jack hammer up the concrete and I've done it. Oh yeah. Spike Where's your room? I'm looking for the cupboard under the stairs on the basements.

You can. Still, they still consider living space. so I know there's some states they don't allow it to be counted so in. Utah The only the requirement for it to be considered a bedroom is it has to have a window.

Yeah, and it has to have a closet it doesn't have I can't even get out of that window. Yeah, so sometimes people will. Technically it has a window. So technically if you put a closet in here, um, you could technically call it a bedroom.

Wow. Uh, and you'll see better and you'll see better basements. and this reminds me of Detroit we gotta find the clip of me in Detroit Uh with Graham That was fun looking at this yard and the fence and I'm just thinking maintenance costs, upkeep, rot, and there's one thing you can't fix in a house. and it's the layout.

All that stuff I can deal with, but this one's got a rough layout. Look at this. this is a flip or or somebody spent a lot of money renovating this thing. This looks really gorgeous and so one thing that I do like is I Want to find that old like curmudgeon house next to a lot of homes that look like this.

I mean gorgeous door. LED Light: You got the slight tiling in the front. You got new windows. You got this beautiful attic built out with those three windows.

They're not sure how functional it is, but boy it it rocks the curb appeal. And given that they've done that and given that that is a single story and given that that's a single story and given that that only has an attic and given that that is definitely an added on two story, I'm gonna say that was probably an added on Second Story as well. what we were just in. It makes sense with the funky floor plan we've seen.

So if I could see more stuff like this, that's next to where we want to go shopping. Gorgeous! This is exactly what you don't want to buy AI but you want to buy next to great I Love it. What's wrong? Joe What do the numbers tell us? Let's crunch the numbers Joe Does our numbers? The numbers say this is not the house for us. Yes! Mikey Tell the world about this exclusive watch you have.

Oh this exclusive watch. So okay, never before seen careful with this I don't want to break this this right here. I Got this from the internet. uh forgot the website.

it was uh, Amazon.com It cost me forty dollars. Sauce. All right, let's go, let's go to the next one. So right here is one of our course members who joined us in the Meet Kevin Shadowing experience.

You too can join by signing up via the link down below Shadow Me for a day as I Explore real estate and you see exactly what it is that I look for in real estate. Check out the link in the description down below. You'll learn all about where to meet you. Hop on the plane with me, we fly to a destination for Real Estate We meet agents, we learn about real estate.

we hang out, we talk I answer questions we want to do uh, you know, video clips Tech talks do a little uh Q a or whatever I'm here to help I'm so excited that we had an opportunity to have a course member come with us today. We've got a lot more Shadow Wars coming up and we are so stoked to invite you. so check out the link down below. We'll see you soon You you said you were in the shower listening to the course member live stream.

So what I do is usually listen to me while you're in the shower I Try to be as productive as possible. So Tristian's asking about. uh, wood rot. Uh, wood rot that house had a lot of.

and if it's a small amount of wood rot, you can carve it out. kind of like a tooth cavity. You drill and carve it out and then you fill it with putty, right? and then you sand it and you paint over it. However, there was so much wood rot over there, you're probably replacing a lot of wood.

Uh, so that's uh, that. that's definitely going on over there. The biggest I mean the first five seconds. usually just based on floor plan.

You know if it's going to be something that's potential or not. That one. That one was a rigged floor plan. The staircase was added after the fact.

uh, it was made to look like it's been there since it was built. But you could also tell when you went upstairs to the top of the staircase that is the most funky Landing I've ever seen in my life for a staircase. So that was a good example of what not to buy even though it's well. it's also cigarette house which is like impossible to fix up.

but that's a good example of what not to buy because people might look at that. Go. oh it's a fixer. It's been on the market for a while.

Yeah, this time there's a reason. Yeah now we have moved to the lower Avenues right above Wild Wood closed captioning not available Six months ago. This would have been long sold, but no, they wanted to price it based on Old com so they followed the market down. This is why in a declining Actually, no matter what Market you're in, but especially a declining Market you have to do something known as shooting ahead of the Running Deer So if the comps right now are six, you price at 575.

that's shooting ahead of the Running Deer which is running straight down right. You don't do oh, it's at six. Let me try 619 and leave some negotiating room. That's exactly how not to sell.

So then you are looking at in total 2669 square feet, 69. uh, 444 square foot basement built in 1911. Also two-story busy road. We'll see some of these two stories.

See that single story? Some of them. I I'm pretty sure these are mostly just addicts that people are basically finishing out in basements. So are you saying this is a little bit more of a desirable area? The lower: Avenues Well, oh no. So the all of the Avenues.

So yeah, all of the animals are really desirable. so you're not. If something is priced low and it's a fixer-upper Yeah, it just flies off. Usually unless the floor plan sucks.

Yeah, unless the floor plan like that before, it's overpriced. Like exactly Yeah, Okay, the median income right now here is six. Uh, 6.88 the median sales prices. Well, no.

yeah. So right now at the end of the Fourth quarter. So if they would have prices six months ago at the peak, yeah, the the medium price was, uh, closer to 800 instead of closer to 700. Wow.

Yeah, yeah. so they're calling this a five bedroom, two bath, and an office. One car extra deep garage, plus space to park additional vehicle off the street. Just hope you don't get killed when people are going by 40 miles an hour.

Okay, oh, it's near the LDS Hospital I own and have owned properties near hospitals. and I always get nurses and doctor. They always pay. They always pay.

Now you can't discriminate based on profession. is just them just making an observation here. Okay YouTube they just make good money. I Guess yeah.

I mean that helps you know it's easier to pay your bills when you make more money. Do you guys have natural gas out here though? Yeah And then this is interesting. how they ran the Conduit on the inside. It this isn't safe.

What? why the soffits dropped like that? I wonder that's very interesting what they've done here because you've got some some Lumber suggesting they added the soffit with these vents because no other houses I think they added that on. So they have an add-on and they skirted the whole house with that. Why they ran electrical here: Are these These are block homes then? Yeah. So I mean they wanted to add power.

They moved the kitchen rather than Drilling in through all the brick to run their conduit. They just dropped. Uh, they dropped the conduit. Uh, right here like this.

That's yeah, because this one's built in 1911. Yeah, yeah, so that's that's a block outside. Okay, all right. well and you said they added this on I Mean oh yeah, it looks like they did it right? Yeah, it's a mud room laundry room.

Yeah, that's a good idea. See, this is not a bad add-on this is a good app. Yeah, yeah, this is nice. Oh, and this is a cute backyard.

Do you get a lot of mix back here? where you got apartment buildings, duplex Triplex and singles? So you so you will have more of the duplex? Um, because sometimes they'll convert these into a duplex? Oh, they'll take these Originals because well, some sometimes you'll you'll have word of. Basement is actually livable. Sure. And then what they'll do is they'll create a separate entrance and then you have.

And sometimes they don't really call them a duplex. They'll just be a single family home. but two families we've guessed you yet or whatever. Yeah, because you can, you can have two families living and still be within the guidance.

Now usually when you look at single-family neighborhoods, you want to stick close to just single family as soon as you start getting duplexes and dry plexes around. It tends to lower your value in neighborhoods, so it is kind of interesting seeing some of these back here. Uh, but okay. we're getting a feel for the Avenues Okay, great.

let's keep going with my booties. They made us put booties on. Oh yeah, another added on staircase. Oh yeah.

step row here. I Come yeah. this is a lot better because you've got functional rooms up here. As you said earlier, they've got the closet.

Yeah, they threw down the new carpet. Yep, wish they had mold instead. Better deals. Oh, this is quite nice actually.

So I I Personally would just want to make sure that they pulled permits. oh those kind of stuff. but I don't you would mention it doesn't seem like it's that big of a deal out here for permitting this stuff. and it seems like they did things decently well.

So uh, if I could get somebody who did this sort of add-on legal, but then it was like 20 years dated. Oh, that's how you do it. Somebody else goes through all the building crap, then it gets dated and turns into a fixer. You get all the legality and you get grandfathered into the old rule.

Oh, it's great power looking job I have excellent views of the vineyard I Think that is a Vineyard isn't it? You're right. this is Ikea Dude, these are oh my gosh. the first vanity cabinets I ever bought in my life were these now. my bathrooms were too small to have two of them next to each other.

So I got the single unit set but this is straight out of Ikea and I assembled them myself I Will never forget this. This is so cool I'm actually a big fan of Ikea People are like oh I can use cheap stuff I'll tell you. some of the Ikea stuff I have is the longest lasting stuff ever. Uh, maybe that's a bad sign for the other stuff I'm buying, but um, this is nice.

They cut out for the plumbing drain that's pretty normal. That's awesome man. I Like these people. These people are cool.

I won't buy their property but I like I Like what they've done. is that just another room back there? Joe It's fascinating. See, this is like where all of the rooms are up. Yeah, this is great.

This is good see see like this is functional square footage. You get the Vintage of the older homes but you have functional square footage here. They throw in the Dual pane windows I think they've done things pretty decently well. Again, like something like this with with this floor plan much better.

Now you guys all dual pane. uh but not uh like. sometimes you get into certain areas you start seeing they put storm windows out in front as well so you almost have like a three pane. I Don't know.

the weather gets too bad out here though. Huh? as in like super cold? Like so it's It's not like the the Midwest and the East Yeah, so consider to that it's mild. Okay, yeah, that makes sense out here. Uh, is that the rules are good? Yeah, they're insulated.

There's none of those freezes really where there's negative temperature. So okay, we don't really deal with that. Uh, we don't really deal with power loss from Snow from from stuff like that, so less maintenance is better. Yep.

I'm gonna end up as shocking myself. I Don't think I can That's all right. Looks good. No.

uh. What's interesting though is you actually do not have ah no. 40m it does. This is the panel for the entire property.

There's no main disconnect. That slightly makes me concerned that this stuff wasn't permitted. Usually would have a main disconnect, but this might be a sub panel, but even a sub panel should have a main. and then you got this taped one over here.

Oh there's more. but wait Mikey I found your oh look what I got for you the cupboard with the room except for I'm stuck. Oh no, let me help you. Oh man, it's tight.

Oh good. I Get to see some bones over here. this. It actually looks very decent.

Uh I will say I mean the uh. the electrical is is stapled as it should be. Looks like it stapled about every three feet. Okay, depends on what the codes are out here.

You've got the strapped uh floor vent over here. the heater. you got some ABS Plumbing right here above me. uh as a Drain Plumbing you've got a new HVAC uh yeah, you've got new ducting.

New ducting new HVAC Yeah this the bones on this one are good. heater ducting Plumbing Electrical Everything I could see has been replaced. obviously I can't see drains but that was my suspicion upstairs was that these people did a very good job and so far everything I'm seeing is is actually pretty impressive. So this is a kind of home that I would actually feel comfortable.

uh, buying. Either you negotiated very low and create a wedge uh, or you find something like this that just a little bit more dated, but even a stale listing can be a wedge deal if you get a good deal on it. But the work they've done here in most of the places I've been looking I've I approve of compared to the last one which is a disaster, but this is good. So he was saying that all of this is developed.

We're over here. We're right next to, you know, down downtown. Yeah, um, you can't build out here so you have to remodel it. They're over here or over here, so there's going to be.

That's a nice little demand here. I Love that about having a geographic bounce, right? You buy next to beaches. There's a limit to how much you can build you buy in a valley. There's a limit.

So we're here. and and so where's the new development which areas all out of all out that way. So there's a little bit right here. Okay, a little bit.

So the majority of Salt Lake Valley is built out so it's spilling over here into Tooele County A lot of people when I was going to school didn't even know this existed. so a lot of it's spilling out over here. and then that's where Lehigh the tech Hub is. That's where Provo is.

So it's so the city is built along. That's why it's called the Wasatch Front This is the Wasatch mountains. so that's the Wasatch Front and Salt Lake Valley Right here is pretty much completely done other than over here. and they can't even build too close to the West mountains because they kind of caught the biggest man-made pit in the world.

Oh, there's a mining. Pig a copper mine. Oh great. Okay, I wonder when that gets depleted because then eventually they'll build.

Yeah, don't worry about that. Okay, good job, thank you. Okay, so this is your original two in one. Yeah, so that's uh, the original closets from the early 1900s.

These were the closets that you got in the early 1900s. So what's Wild Is people want this as an upgrade today? In new construction homes you want like drawers which you can't open because they're painted shut. That one's painted shut or they nailed it shut. But anyway.

uh, all of this old kind of lumber. and Cabinetry is what we do today with like closet world or whatever. And it's incredible because back in the 1920s, this kind of stuff was standard. Uh, you almost always had cupboards above where your closet was really neat.

so they kept this. So this is your original two in one and upstairs isn't it? Yeah, it's awesome. Oh, it was a three in one. Oh hey, even better.

So This one was So yeah. so it's three upstairs. two down here. Was there another one? We have this walkthrough.

I guess I think they're calling that the office? Yeah, yeah, but you could tell this was original too with see this rounded Cabinetry you just don't get this anymore today and so people love this vintage stuff. Yeah, Oh yeah, look they did. I think they did a great job with the build out on this I really like that I don't like the street that I wouldn't Buy on the street but great build out. Uh, as long as I I would expect it's permitted because I think they did a great job from what I could see and even something like this.

even though it's not like nasty. you could play the timing on this and start throwing in like cash offers, right? You could get somebody at that perfect time where you could get this to be a wedge deal and have to do almost no work to it. Yeah, okay, nobody slip or die. You're not on my workers comp.

Yeah. Kevin So this property's on a busy street at what price would it make sense for you to accept that it's on a busy street? Yeah. I probably would never buy a property on a busy street unless I was flipping it and obviously with a flip I'd have to price that in to to what I'm paying for it because I'm going to sell it for less. But with a tenant, the type of tenant in my opinion that is willing to live on a busy street is not the type of tenant that is going to stay as long as I would want them to.

I think I'm more likely to get turnover because even somebody who thinks they're going to be okay with a busy street will eventually realize when friends come over Neighbors come over children come over, they have children. This is inconvenient and they're going to end up moving to a non-busy street because this is just too dangerous. Even just McKay trying to get in the car, he's trying not to die and he doesn't even live here. We've just visited one time we need McKay alive.

Uh, it's so busy. Streets? no thank you ever. So we really have to understand the areas. That's the hardest part because neighborhoods, especially older neighborhoods.

they change Street by Street Yeah, So before I would ever even pull the trigger on one of these streets as an example, I'd probably have to visit here at least four or five times. Just that neighborhood, right? I'm not talking about visit SLC four or five times, right? That neighborhood, right? I Really want to see those Trends And then before you ever pull the trigger on buying, you watch the markets. So you're like, okay, I saw that house. How long did it take for it to sell? Oh, here's a new one.

Oh that one looks like it's actually Priced Right Does it sell right away? So properties in great neighborhoods will sell right away when they start sitting. It's also a red flag. What does the market think about the neighborhood? It's either overpriced or the neighborhood's just not that snazzy. Oh yeah, yeah, so so you're saying like if it should be a good deal, but it's not selling or checks all the Box hours hours.

It's a good deals go very fast. So but what you want is to build those relationships and that network of agents to where you're not sitting there trying to like react to everything. You're either getting a ping from your app or you're getting texts and calls from your agents going. Hot Deal: Let's go Hot Deal: Let's go I'll go FaceTime Tour like I'll go about whatever you need Kevin Let's go.

This is a good. That's what we want. So we build the relationships with the agents in the neighborhood, but not just the agents that represent us. We want to meet the listing agents in neighborhoods too.

So that way when they see an offer from Kevin they're like I know this is going to be good. They feel comfortable going to their seller saying this guy's going to close this deal. The most important thing is there has to be a reason for people to come to the area. We don't want bankrupt towns.

so we're looking. Uh, jobs? we're looking Geographic Constraints: Uh, is this an area where people can just build a new neighborhood and everybody wants to move to those jobs. Location: Uh, Geographic Bounds Very very critically important when it comes to individual neighborhoods. I Look for what are called Sizzle hot neighborhoods.

So Sizzle hot means if every house on average in a city sells in, let's say 30 days on average. The sizzle hot neighborhoods have their homes sell on average in 15 days for example, right? So you're looking for those hot neighborhoods so it's it's first city, then narrowing down to the hottest neighborhoods, then we want the worst house investor. Oh whoops, it's actually the other one doing all the Talking I was about to go to the wrong house I Just got shot. Yeah yeah, this is cute.

So these are 50s homes So built in 1942, now mid-century So usually starting the 40s you started getting a little bit more. Two bath homes, three bed, four bath homes. I See a lot of single stories here, which is also an indicator that people did not have to go up, especially since most of these homes appear to have basements as well. You actually have a little bit larger of a yard where it seems like most of these homes have a single car garage with a single car driveway.

Pretty typical for 1940s mid-century Although starting in like the mid to late 50s, you did get a lot more two-car garages. This is, uh, a property that was originally listed for 675 thousand dollars now at 6 35 and it's been on the market for 69 days. minus one and it is 2235 square feet minus an 809 square foot. uh, basement.

Which leaves you about 14 upstairs and it looks like it's about a two bedroom up, one in the basement. So three and two. So it's an it's You know those cities that are unofficial. It's not really a suburb, but you're not.

You can pull it up, but it's not in your address. It's not like sure. One, two, three, Sugar House You know, whatever. so it's like yeah, Salt Lake Address: Basically yeah, it's considered sugar, but it's considered Sugar House Okay, so uh, the way that it stretches is you have Interstate 80.

So there's a smaller section trigger house that's across there. But it's not as expensive as the sugar out here. Correct? So the further you go to the East mountains, the more expensive real estate gets because of the scenery. and then of course closer to downtown.

So when the Sun so like the upper Avenues with this view correct, more expensive and then East more correct. So the East Yep. So when you're going east, you're going to the Wasatch Mountain. So Cottonwood Canyon is going to be just right here in the middle of the mountain.

So you're literally here. From this location, you're probably anywhere From 14 to 20 minutes away from downtown. Um, you're probably another 10 minutes away from University of Utah University to hospital the cancer, the Huntsman Cancer Institute And then you're also maybe about another 20 minutes away from. So what do we got here? We've got.

Um yeah, this is your good old three and two? Yeah, okay. you got the Dual plane windows. I See I Love this. This is great.

This is a this is a good wedgie kind of sign. Okay, gotta have the drapes. What is it? Oh, here's an add-on for you. So you see the slanted roof over here.

This was added on to so they added a little family room on over here. Kind of funky little cut out right here. but I see why they did it so they still had seating over here. Oh yeah, there you go.

Yeah, you can see the original part of the house has settled differently from the add-on portion of the house. Oh, it's still got the pink tiles. See this I Love this. This is like Grandma's home I Feel Actually, this part of the property is leaning that way.

Uh, which is. Um, you know these are the original cabinets here too. which you know you got to prop this up. Straighten this out.

Uh, not too hard to do, but it's something to do. It's going to turn off some home buyers. This is a little funky. You've got some old wood rot there.

uh on the inside little weird hallway here. Oh yeah, you get a whole way to a bedroom. Um, this is just another bedroom. Not a master of any sorts, but this is all part of the addition over here.

Uh, now this is the kind of home that I would suspect they Pro I Was gonna say maybe maybe this sort of home would have upgraded utilities. They still have the original electrical panel, which uh, if they have the original electrical panel and it was an elderly person that lived here, it's unlikely that they redid the electrical with the exception of what was in the Edition Uh, they do have the dual paint windows, but you gotta have that out here. Uh, a little colder? Yeah, okay. we'll look at the kitchen then.

let's see here. Okay, a little funky, but that's what you get you get with add-ons You always get a little bit of funk. Boy, there are so many walls in this place. Functional space though.

I Mean they tried at, you know, they tried doing some upgrading heater, some copper plumbing. at least coming into the water heater. A trick by the way is you'll see copper plumbing going into the heater. That does not mean the house has been replumbed.

it's just just the part you saw could have been replumbed. Oh, they have a whole nother bathroom over here I was trying to talk to you from the other side. Oh yeah, you were. Oh, that's interesting.

This store must there stay open for airflow. Thanks the management. This is an Airbnb or a room rental. It's an LLC selling it.

A lot of adding on. What? an LLC Oh yeah, yeah, yeah, you know this. It almost makes sense that you could just like rent out different compartments of this. Yeah, so you'll and this is what I mean Pretty much starting in the okay yeah, you're against.

you're closer to college and then you'll have basements in majority of the of the houses and they look much better in the newer ones. You know what we need to do is test the plumbing. Yeah, the plumbing. The plumbing.

Works Always check first before you go to the bathroom. The plumbing and a vacant property actually works and it flushes. And if you're gonna go number two, we're not. But check that there's toilet paper.

This is why you always put toilet paper in a property you're selling I Don't know. The plumbing works. Very quiet. I Like that.

This is nice, so usually a trick for trying to find out where something is an add-on is you look for differences in siding or like stucco or whatever. Clearly here you can see they have vertical siding. For the two editions. here they have horizontal siding that happen to be an easy one.

Sometimes what people do is they'll do an addition and then they will wrap the whole house in new siding and then they try to trick you. But uh yeah, this would all be the new portion here. So I wonder if they actually are still using this panel because this thing's ancient? Yeah, there's your, there's your main uh, but um, maybe the sub panel inside the house is just what they've diverted everything to. Or that maybe.

It's also possible that because of the weather out here, they originally did panels inside the house and then you would have had your fuses. although this was this is a this is an original breaker box from the 40s so maybe the original Breakers would have been in there. That's cool, All right. Oh, so this actually has some more space too.

I Like that. Interesting. Oh I See what they've done? They've created almost two backyards here to rent this out to separate people. Gray water? All right.

let's go get some coffee. This is. this is nice though. You know nobody's looking into your backyard.

It's quiet, it's peaceful. Here we go. Yeah, Dollar sign? Dollar sign. Uh, actually what we're developing is another app where we can judge if we think a house is going to be a wedge deal just based on the outside.

So that way we could like maybe knock on the door or like Market to certain homes that really ping up. So down the road, All right, let's go. I Would love a very big black coffee black coffee. Yes you still have coffee.

Do you have coffee left? They work. Gotta explore. Man tell me about the area. Man you know constructed houses.

We had one just up the street so for like what was it like 1.7 million? Wow. a few streets down it was a little bit over a million I Wasn't sure about the square footage it was. It was a new remodel too, so sure, definitely added property value. but it was like a really really sweet sale.

Uh, that's awesome and you live close to here I live like right next door I got like a 100 year old house that's amazing. How does this compare to like the Avenues for the Avenues yeah um honestly I kind of prefer this area as far as like the property value The Avenues are probably a little bit higher. You said 15 to 15th. Now that's this intersection then yes yeah because I just zoomed out a little bit of that's There's very little commercial around here.

it's just you guys like on this like this little quarter, everything else is just houses. That's actually kind of cool. Yeah, how did they pull that off? Oh yeah, that's awesome. it was before my time.

Shout out this place. Where are we right now? This is Gelato Sweetly July 15th Thank you for that. So what is it is this? Oh this is that. Deli I Want to see the deli? it smells delicious in here.

Now we are exploring Sugarhouse and trying to understand what's this place all about. I Really like these corner stores because they're actually in the middle of the neighborhood here. It's remarkable. It's like you got your own little mini downtown coffee shop.

Einstein Bagels Meat Deli Here this is awesome. It's exciting. This is cute. I'm looking around and I see the 50s, uh, style over here.

Uh, you've got the 30s 40 style here. You've got relatively little traffic. I See most of these homes look incredibly well maintained I Don't really see fixer-uppers on the street at least from what I could see right here. Uh I Don't see anything massively over improved I mean some people have really nice windows I see are custom.

They have custom windows. Uh, this looks gorgeous with the shutters I Like this so far. do hear the the I-80 so we're a little closer to the I-80 We hear that. Yeah, well.

I mean another thing too is is there are just some homes that are not going to be a deal, right? Most homes are going to be Market transactions. So what you do is you come to the street. you explore a little bit. Okay, this side's quieter, but it's closer to the freeway so it's normally zero.

Okay, you know that side might be a little bit quieter away from the freeway. Fine. Great. Uh, now you know the neighborhood.

You start getting a feeling oh, is it like a 50 style? Is it a 40s or 30s style And then what happens is all of a sudden you get a call. Hey, that street we're on here. Oh I Remember that street? Oh, there's a fixer that's coming up tomorrow. Uh oh well.

you know we're interested in that neighborhood. We already know it. We've been there. we kind of know what to look for based on the ones we're looking at.

So most of the stuff that's sitting on the market is not a deal. It's just not going to be a deal. Uh, it's the stuff that comes on the market and flies off the shelf right away. so you have to be fast.

Okay, so this one's the remodeled one. Oh nice. So oh, this is very nice. Yeah, so this is a flip home and uh I like you know I'm shocked that in a flip they wouldn't have put bass on this.

You know it. just it screams to people coming into the home like unfinished right? like flipper. Basically now it's on other people's work and stuff. but it's like, you know I mean hey, maybe they got a GFI breaker but you've got no tamper resistant.

Outlets You've got no GFI Over here you went with the standard plugs and switches. I mean it's nice you didn't have to spend too much on Cabinetry I Actually like the Cabinetry they did get the uh, larger cabinets. This is nice. uh no poles I notice So like how am I going to open this door? It's harder because I'm grabbing here sort of in the middle right? So polls is something you know.

some sellers get so anxious to put stuff on the market. they're like oh oh, we'll put the polls on later so you could choose it yourself. That's always the line is Oh We'll let the buyer customize it like no, you guys shouldn't have done it. Uh, nice tall baseboards though.

Love the single panel door. This is an original single panel door that they just painted but they added that closet door I think it is. Yeah, this is a new one uh to match the uh, the older single panel style. Very nice.

Uh yeah. just a little cost and overall it doesn't seem like they did it. They added a bunch of can lights here I have anything the power's on. so what is this? What is it? A two in one can lights in every room and this is like 99 cent flooring? Well you came out of the closet step row.

Wow, it's a new chapter I'm happy for you doorbells thrown over there. That's kind of weird. Old cast iron top I Love these things so no, no, never mind, wrong fiberglass. The whole thing is a fiberglass enclosure which is fine, but you could see it's older.

see that sort of nasty caulking Edge right there. They could have easily cleaned that up. Now it just looks nasty. The yellowed handle, right? like.

look at that. it looks like peepee up there and poopy. and that caulking over there. This just drives me nuts.

Dude, If anybody did this to my stone backsplash, they're fired. This is ridiculous. This backsplash came with this cabinet and look at that gnarly. Gap Okay, well.

it's beveled a little bit, but it looks nasty. or they installed it upside down. I Don't know, but this is ridiculous. A nasty cut job to cut out the outlet.

How about just move it over? Oh, but we don't have enough wiring. Well then you either go on the crawl space, the basement or the attic. Put a junction box, run new cable down. put it there.

Simple. it's not that hard. It sounds like a lot of work. It ain't that horse that.

uh that. uh Plumbing right there that wobbles like crazy. See how there's no, uh, support for that blue water line coming up? Let's see if you can see. see that that's how you get leaks.

Crazy. This is crazy. I Hate flips. I'm done with this place.

Oh I Think what they did is okay. this is just my guess, but this is so funky. My guess is this is the plumbing supply line for the sink that they basically just dropped down this wall and then just like drywalled over to make it disappear and then they put janky quarter round around. This is a joke that is so crazy.

that's that. I've never seen something that lazy. and then it's like they didn't even try to cover it up. Well Oh my God.

Get me out of there. This is funny. This is funny. This is like what not to do because this I mean that's one way to do it.

That's one way to to cover up your plumbing. Uh, clean out, that's creative. This that is very creative. Okay and one thing you'll notice here is they don't have the as many of those um uh.

the um. the basement pumps for the water. Um, you have those a lot in the Midwest and places like that. Yeah yeah, the water table isn't so high here.

Very very few amount on the West Side that'll have the pumps. What are the specs in this place? This one's 1947. one car garage. Uh 17.

26 square feet, two bed up, two bed down. I've been on the market for 29 days a 6 75. There's a bigger one on the market that's not redone. It was 6 35 they dropped.

It's been a market like 100 something days is it? And that's close to here? Yeah okay yeah. this is. oh they're calling this tiny thing a bedroom here. Okay we got another bathroom.

Huge bed. Wow yeah this one looks new or oh wow oh my good. Lord Yeah so this is where your your systems are. Oh, they created this bathroom because all of this Lumber is brand new.

We've got, uh, some nice uh Electrical uh. still out of the box right here. That's all right, that's not a big deal to fix now. What's interesting is oh yeah.

see, we've still got the original electrical so you have a mix here. You have this uh cloth Romex right there and these are more of the, uh, rubberized. Romex The cloth Romex is sort of more of your original Power structure. None of the cables are stapled.

see this loosey-goosey junk. This is ridiculous. Uh, like that kind of stuff drives me nuts. Uh, that should never pass inspection.

which kind of implies they probably didn't pull a single permit on this because this is. come on man. are you serious? Uh, the straps here for the oh, that's ridiculous I Mean it's just. this is not like that other home we were in the club where you see a quality home even this right here.

I Do not believe that's code. uh I'm pretty sure you can't pull this off. These are like, um, drier even. They're even bad for dryers.

Honestly, you should never use these. kind of, uh, corrugated. but they're way easier because they had to do the loop here. but even the sealant they used around it is already coming up.

It's just you could tell the workmanship here is just bad. Um, this is this is. why Flips have a bad reputation. I'm just ranting now planing and it's funky and even like how the the that soffit is coming down blocking the window, it's just weird.

It's weird. Yeah yeah, all these soffits they added here are just weird. It's because you have Plumbing uh running through there or the HVAC for the floor above and they built this out. This was probably an unfinished basement because everything I see here is pretty new.

Oh my gosh, they use my light fixture I Get this at Lowe's on sale for like 13.99 It's an LED Those are the best ever. This is the best thing in that house right there. Rather than buying new contrasting house numbers, they just took some of the interior paint and crappily painted the house numbers because it was white and so white on white you wouldn't see. so they just crappily painted in brown.

I Would like to introduce you to the greatest Uber driver in the world. He organizes my day, my email, my life, My Bills Ever hardest working guy right here. Nobody works harder than McKay Careful McKay Okay, okay. the faster we are here the more time for drinks, the faster we are here.

Imagine trying to play like hockey out here as a kid. You gotta wait all day. Yeah, you wait all day. Okay, all right, no this one.

Oh no no damn it. I Almost killed everyone I Almost killed everyone Oh oh, he's waiting First here. We go here. We go.

You almost almost ate it. This is cute. Oh I Feel the foundation a little crooked, but that's okay. Okay, yeah, basement's this way.

let's go look at the basement really quick. No handrail. Don't die. Oh wow.

the echo? Nice. This is actually nice. Oh yeah, so you got a nice tile job over here Plumbing Looks professional. Vanity looks nice I don't know.

they don't do medicine cabinets out here, but they got poles ABS Drains Nice. Very good. Okay, this is your laundry room. see look this is.

this is so much more professional. They even stapled the sprinkler wire over here. You got your clean out over here instead of some nonsense you know of course the painter painted it I hate it when they do that. but they always do that.

Uh, looks a little better with the plumbing. uh I Always think it's funny when you start bridging materials. but uh, you know the packs doesn't matter so much. for that, you got your expansion tank, your water heater, your forced air unit.

look at that. They even bracketed screwed on the uh, the pecs right here. That's all right. Copper to packs and not not that big of a deal.

Cool. I Like it a little bit more of a professional job. Carpet's actually a nice grade, a thicker pad underneath so this is I guess how you get sort of values you put like lots of rooms downstairs? The heck is this Is this like the ironing board? Aha, this is the main water line for the house. You can see the main water line portion is Rusted here and then this is the new portion which maybe they re-plumbed from the main uh into the house which is cool, but this is where you would turn off the water of the house.

This is your uh. bonding connector. Oh, and it should not be that loose. This should be.

uh, this should be a lot tight. Oh gosh. I can hand tighten the screw on uh on their bonding connector. They really did this night.

I Mean it's cute. You know it's small, but they these people cared. they staged it. Yeah, that's always the cop out when they put the ring around the light right there because it's just damaged.

uh, drywall basically behind it. but uh, it's at least they finished it. Okay, so this must be two in one over here then. So we have one bathroom, two rooms.

Okay, welcome to a two and one one two one look at that Simple. oh yeah, they didn't really do much in here. You got the old tiling in here. That's okay.

It's clean, looks nice. You know what I would have done though, like a green or blue shower curtain. Just add some color life in here because everything is so sterile. Light like you're going into like an 80s insane asylum.

Get rid of this color should not be allowed. You know, a little touch up here would have been nice A little Dusty replace the hinges is an easy thing you could do. but uh yeah. Otherwise, all right, let's go cool.

This is good. This was Sugarhouse Again, right? Yes, what street is this? Okay, yeah, 15th and 15th was where we had food. Oh God it's so slippery. Next time I'm wearing sneakers to snow places.

You know that's a bummer. Like a driveway alone. You redid even just this front portion. It's probably like eight grand.

It's a lot of money. So when the market bottomed out in 2011, that's when the whole MLS Wasatch Front bottomed out. Wow by um, the first year. So in 2012, it actually went up eleven and a half percent.

Oh nice. And then within the first eight years, yeah, the entire MLS was a 94.5 increase. Almost every single house along the entire boss. I'm talking about 40 miles away from downtown.

Wow, almost doubled. And there's neighborhoods where they went 100 and 208 within eight years. That's insane. Like the first five homes, a bunch of crap and junk on the side yards.

RVs On the side it's a red flag. There's no HOA here. I I Would bet you 20 bucks is no age. Dude, this guy is growing cabbage or squash in his front yard.

That fence is destroyed. this is not in an HOA this is crap I Wouldn't buy out here already. So another thing you see uh so far in the neighborhood is when you get a lot of trucks in a neighborhood. uh, sometimes, but not always.

Uh you. you have a lot of more blue-collar working classes and so potentially you could see a little bit of a lower median income. So these are like 90s you said? Yeah, All right. Oh, it's a tri-level Oh how much is we were just talking about that? All right I've seen enough I've seen it now.

How much is this place? does it? Yeah no I know you guys go. How much is this this one I left it in I think was 465. I Don't really like this area. That's interesting.

All right. let's go. let's go. No not all.

I Get no no this is my notes. Unlock that sucker dude. Thank you so much we gotta go shout yourself out. Phone number Instagram everything.

Go hey it's thing. Code The Realtor here in Utah Follow me for all your real estate needs then code the Realtor on Instagram YouTube Uh give me a call if you have any real estate questions. 801-792-2359 Have all the data watch the YouTube channel so you know when to buy here in Utah Dude thank you so much man. Thank you.

Get in here, get in, you'll be driving I Don't like it here. Okay, let's go covered up car, broken car window. guy's got a shop in his garage. nasty water heater sitting on the side RV on an original driveway.

uh nasty old pickup truck on the lawn. Everybody's got a pickup truck and I got nothing against pickups. Okay I love pickups, but there are a lot of nasty ones and nasty RVs people parking on the grass. It's just it.

It's it's just not where househack is going to invest. I'm sorry, uh another. RV there's no H they got Jesus out front they got a whole uh assembly Those are nasty old cars. uh with a terrible driveway.

I mean this is just uh. I I broke another Another Broken Window they had to tarp up their entire car. uh, like the front of it because of all the broken glass. Um, this is.

um, it's it's the more industrial side. You could tell that what is this? uh, shut down Animal Clinic where people are just parking cars. It looks shut down. Amazing.

So you got goats over there so you're next to the farm. Nothing about this is homogeneous. These are like mobile homes or I don't know what they are the RV Park and Mobiles and manufacturer I Don't know. Everything here is is not homogeneous.

Um, it it doesn't say hey I Want to be here forever here. We got the big apartment complex I Don't know man. I'm sorry I'm pooping on this Hardcore here. No, this is nothing I like here.

look look at all this I mean like I Get it. Okay, somebody's got to live here. It's fine, but you're you. There's no homogeneity yo.

We got the we got the homies here. like what the hell dude. it's just all this trash over here I Don't feel I just don't feel comfortable. Get me out of here man.

I mean look, these mobile homes are falling apart. This is terrible. They're having good mobile homes. like there's nothing wrong with a mobile home.

It's good. Well like. but why why would you buy there when you're next to this right? There's again, no homogeneity. It's one thing like look, they're always going to be poorer areas, but your home values will be capped when you're around a lot more mixed use or or various different developments.

There you go. Now you've seen kind of like things I like and that was a perfect example of I Feel not good here. Get me out of here. I Get it.

I Just have a formula for househack and this is not it. That's it. It's fine if you have larger Lots with like ranches and horses and stuff like that. but again, it's just kind of like oh, let's just build whatever is kind of what's going on.

The opposite of what we saw in Gilbert Gilbert was like master planned right? Here's the school here. the uh uh shopping centers here, the homes and the different various neighborhoods. Gorgeous, really gorgeous. What was this area called? West Jordan is West Jordan It was West Jordan Salt Lake City We learned a lot about Salt Lake in a very short amount of time.

We love the Avenues but we love even more. Sugarhouse 15th and 15th. Shout out to the gelato and espresso Place Shout out to the deli across the street and Einstein's I Wish you were open. you had a broken window of one task.

Why? I Wasn't sure if it was crime or an accident. wanted to hear but can't find out. so maybe somebody can comment down below and let me know. But after that great start, really bad end.

You saw why we didn't like it. So now we know when we come back we're to narrow our Focus. Maybe we'll revisit the areas we like a bit and then we'll maybe test another area, test another one and as we like areas, we'll go to those as we don't like Aries We'll cross those up and so that way we'll narrow down where we're looking and this is a perfect spot for House tech in the future. Great diversification from California.