What kind of property should I be looking for?

[Jayden B.]

Hi my names Jayden B. Im turning 20 next month and I live in Bluffdale, Utah about 20 mins south of salt lake. My goal for the year has been to purchase my first rental, I've started researching properties available around my vicinity and I just can't seem to find something for a reasonable purchase price. Ive been reading Brandon turners books on rental property investing and no money (low money) down to help with what to look for. Id like some advice on what kind of properties I should be looking for and where I should be looking. I know that where I live, over the past few years has blown up in more and more properties being built and average home price and it seems to be really difficult for a new investor to get into the game around here.

[Cherie Orellana]

I would look for a single family with a mother in law / second kitchen and rent the basement if you intend to househack. You could also watch for homes you could add a second kitchen that already have a second entrance. I would keep your options open and also look at multi family.  Get set up on hotsheets and study them daily. You will get a good idea of neighborhoods and market values. Then when you see a good deal you will know it.  My nephew is 18 and just bought a home in west valley and added a kitchen in basement. He rents it for $1200 plus utilities and lives on main level for about $600 total and owns the home. House hacking is an amazing way to start.