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Updated over 9 years ago,
Do Salt Lake Duplexes Cashflow?
So I've been looking to buy a duplex in Salt Lake City that would be owner occupied. More specifically in salt lake valley, excluding rose park or west valley (my wife is on board for anywhere else). The trouble is, when I run the numbers nothing seems to work. The investors I've spoken to say that Utah is more of a 1% place, which I'm ok with. But when I try and do due diligence on any duplex/multiunit property that i can find it appears to negatively cash flow.
Am I doing something wrong? How do you find deals in SLC? I've been sticking to MLS and i've been working with an agent who is also a fellow investor. And how are people who buy these properties making money?
I've been comparing rents through rentometer dot com. And have using a few different buy and hold analysis spread sheets from BP file place.