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Oct 11, 2019
10:20
:59
am
kccougar
All-American
Dumb time to buy a rental property in Utah?
Purchase price is high, but so are rents.
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kccougar
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kccougar
Joined
May 29, 2001
Last login
May 9, 2024
Total posts
88,622 (15,096 FO)
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Messages
Author
Time
Dumb time to buy a rental property in Utah?
kccougar
All-American
10/11/19 10:20am
Yes. It's hard to make the numbers work right now
Backcountry
10/11/19 10:21am
Dumb time for Utah, but great time for Texas or the Midwest.....
grandpacoug
10/11/19 11:29am
No 10-20 years from now the house will be worth more
PizzaPipeline
10/11/19 10:23am
Hard to find cash flowing properties
Backcountry
10/11/19 10:28am
Agree prices have gone up much faster than rents the last 10 years
johnnybyu
10/11/19 12:04pm
You just have to buy it right
Kelbob
10/11/19 10:32am
People I trust in RE industry all agree we're due for a bubble burst. Salaries
Mayor of Cougartown
10/11/19 10:34am
I sure hope so.
UNLVcougar
10/11/19 10:57am
This seems to be the great hope of many native born Utahns
Bovine University
10/11/19 11:22am
well. the guy I know that owns 35 + rental properties disagrees with your friend
Mayor of Cougartown
10/11/19 2:45pm
There's plenty of people willing to opine on this subject and plenty or room for
Bovine University
10/11/19 3:40pm
I agree with both of you however is your friend discussing salaries or household
CougaRR4L
10/11/19 3:54pm
Ive purchased 2 in the last 2 years that projected to cash flow
Bovine University
10/11/19 10:54am
How much money did you put down? Cash flow only tells part of the picture. If
johnnybyu
10/11/19 12:06pm
In one instance I got a VA loan, so that's 100% financing
Bovine University
10/11/19 12:21pm
Wow thats amazing if you are finding that in Utah. I have a lot of rentals but
johnnybyu
10/11/19 12:27pm
I don't have the capital to keep buying atm
Bovine University
10/11/19 3:44pm
and being leveraged like that only works if the rental market stays red hot. Luc
Mayor of Cougartown
10/11/19 2:47pm
There will always be a need for renters
PizzaPipeline
10/11/19 3:12pm
Not neccesarily true in ALL cases & areas. Various reasons why not.
grandpacoug
10/11/19 3:28pm
Most unhelpful but truthful answer. It depends.
CougaRR4L
10/11/19 4:37pm
I agree 100% with above post. Didn't want to spend 30 minutes posting facts
grandpacoug
10/12/19 8:20am
Bingo
Bovine University
10/11/19 3:47pm
If you can cash flow the mortgage with the rent without a massive
jkccoug
10/11/19 4:23pm
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