There will always be a need for renters

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Oct 11, 2019
3:12:01pm

PizzaPipeline 3rd String

There will always be a need for renters

You may have to drop your rent asking price a few hundred but no need to foreclose

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PizzaPipeline

Bio page: PizzaPipeline
Joined: Mar 14, 2006
Last login: Dec 31, 2023
Total posts: 981 (14 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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