Pete is a co-owner in Ameritrue Real Estate and Management. He grew up in Mapleton, UT and now lives in Heber City. In 2009 Pete started buying rental real estate and "flipping" homes. As of 2015 Pete has ownership in 12 rental properties. He understands the challenges that real estate investors are facing. With first-hand experience on the other end as a "client", Pete recognizes the value that realtors and property managers bring to the table. Pete loves analyzing properties and finding creative ways to make a deal work that others might be overlooking. Pete has experience with seller financing, bank owned properties, short sales, tax sales, trustee's sales, and many other creative ways to find and purchase investment properties.

On This Episode:

• Learn the mistakes many people make when hiring a property manager.
• Sam and Pete discuss the benefits and drawbacks of buying properties with HOAs.
• Find out how much to budget for normal operating and repairs.
• Hear how COVID has impacted the real estate market.

Key Takeaways:

1. HOAs are not created equal.
2. Don’t charge tenants for basic repairs when they end their lease – charge for major issues with plumbing or electrical.
3. Don’t purchase luxury units, they struggle first during downturns.

Pete Mittank:

https://www.ameritrue.com/

801-602-6933