Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago,

Account Closed
  • Contractor
  • Little America, WY
21
Votes |
19
Posts

Good idea to trade rental homes for a business?

Account Closed
  • Contractor
  • Little America, WY
Posted

Hi,

I've been an investor and landlord in Utah for over 20 years.  I have 10 homes paid off but now am not getting the return that I think is juicy enough.  I have experience running small businesses and I am offering some of my rentals for exchange of business.  Has anyone done this before and what was your experience?  I did recently trade a laundromat I owned in West Jordan for a house in East Sandy and it worked out pretty good.  The value for the business and house was around 350K and the business generated $60K/annually vs. the $20K/annually I get from the rental home.  I am glad to get rid of laundromat but I see that my cash flow reduced quite a bit.  The homes I'm looking at trading are all on the west side of Salt Lake County and most are 4-5 bedrooms single family rented at market rates of around $1,500.  Any thoughts. 

Loading replies...