Looking for 2nd property

[Karlo Nava]

I currently own and house hack a duplex. Bought it in 2019 so there’s plenty of equity in it. Looking for recommendation on how to position myself to acquire another in the SLC area or possibly other places that might cash flow better. 
property cash flows around $300/mo. And I currently work a regular 9-5 myself. 

[Ko Kashiwagi]

Hi Karlo,

House hack is a great way to get started. If you want to stay relatively passive, it would be great to do another house hack. If you are willing to put time and effort, you could do more active investments like flips or BRRRRs. You could also leverage the equity you have to acquire more properties.

[Nathan Gesner]

Quote from @Karlo Nava:

I currently own and house hack a duplex. Bought it in 2019 so there’s plenty of equity in it. Looking for recommendation on how to position myself to acquire another in the SLC area or possibly other places that might cash flow better. 
property cash flows around $300/mo. And I currently work a regular 9-5 myself. 

I agree with Ko. You already house hack, so find another property to house hack. You can rent out the space you currently live in to keep that property cash flowing. If you buy a fourplex, you will have a place to live in the fourplex and five rentals.

[Robin Simon]

As others have noted - hard to cash flow in many markets right now unless putting a lot down or doing househacking/multi-unit.  If you are comfortable living where you are at now and don't want to house hack again - there should be some good deals potentially on 2-4 units that will in fact cash flow even at decent leverage in Utah or other nearby markets

[Jake Petersen]

Hey Karlo, I am an agent and currently have a listing in Centerville, Ut. Its 2700 sq ft, 5 bed 2 bath (basement is unfinished and you can finish the 3rd bath). The unique part is the additional basement garage. If you finish the basement with a kitchen you could have a mother in law with a walk out and a garage downstairs. It would be a perfect investment property, you could live in the top and add value to the basement by adding the MIL.

You could potentially use future MIL income to qualify for a loan, I am not a lender so you will want to verify. But a lender I work with told me this is possible! 

Feel free to text me if you have questions or want more info. 801.803.1781

[Scoop Schneider]

to get the most cash flow you need to go down in asset grade a,b,c,d a is top grade least cashflow and so on however a appreciates the most a is most desired