and being leveraged like that only works if the rental market stays red hot. Luc

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Oct 11, 2019
2:47:27pm

Mayor of Cougartown All-American

and being leveraged like that only works if the rental market stays red hot. Luc

ky for you it has, but as soon as you can't find renters you are in foreclosure mode.

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Mayor of Cougartown

Previous username: kennycoug
Bio page: Mayor of Cougartown
Joined: Sep 13, 2005
Last login: May 20, 2024
Total posts: 55,152 (15,923 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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