Utah Multi-Family Investor

[Rob Schocker]

Hi, relative newbie who has done several SFR flips who is looking to purchase smaller Multi Family units (preferably 4-plex) for buy and hold investments. My question is, what is everyone's opinion on the Wasatch Front's high prices and low cap rates for Multi-Family purchases? For a long term investor does it make sense at this point to just get in the game, bite the bullet and purchase something even at a higher price than seems prudent? It is not necessarily in my DNA as an investor to pay full retail, but at this point, is there a choice and 20 years down the road will it matter??

Thanks all and love BiggerPockets

[Jeff Greenberg]

There are many investors that buy in California and bet on the appreciation.  Some have done very well.  Is it the best use of your funds, I don't know.  What other options do you have.