Multifamily Rentals in Utah

[Matthew Miles]

My wife and I have saved up a down payment and are moving to Utah soon so we've really stepped up our search. We currently manage a 30 unit apartment complex in San Francisco so we feel like we'd like to start with a house hack of a duplex or triplex when we move to Utah. Are people finding multifamily rental deals in Utah? What is the best way to find those types of deals? I've been scouring the MLS and KSL and am having a hard time finding anything that cash flows more than $100. Any feedback would be really appreciated. Thanks!

[Chase Louderback]

Hi @Matthew Miles

Where in Utah are you looking specifically? I'm sure there are deals nearby where ever you are moving. As you have been doing, keep an eye out on the MLS and 3rd party sites (such as realtor.com). I would also recommend using Zillow to search for a stellar agent that services the area you are looking to invest. Reach out and build a relationship with them so they can keep you in the know about properties as they come up.

For the cash flow front, it can be tricky to find deals that cash flow very well right now, depending upon your specific market.  Some investors are using direct to owner marketing strategies in order to get off market deals.  You can do this by:

• Driving for Dollars
• Direct Mail
• Cold Calling

Hope that helps!  Let me know if you have any other questions