Looking for next property in Utah

[Max Guerrero]

Hi BP Utahns. I grew up in Utah and lived there all the way up until three years ago. The real estate bug bit me here in Seattle while looking for my first property. I’ve been looking into property since then but the same appreciation that has increased my home’s value more than $200,000 in the last year and a half, has unfortunately done so to everything else around here too. Darn...

I’m looking in Utah, amongst some other states, for buy and hold small multi or a house in a college town (Provo/Orem/SLC) I can rent out per bedroom. I’m fairly familiar with Utah county Orem/Provo/PG/Lehi/Eagle Mnt. but not so much with SL county other than downtown SLC. 

Who here does buy and hold? What areas are you seeing some good returns in? I’ve noticed the price for new construction is right around the same as 10+ year old houses. Anybody renting out new construction? 

Really excited to hear what you guys have to say!