Draper, Utah Hold 'Em

[Melissa Warnock]

Hi, I'm Melissa Warnock, and just stumbled on this site. I've been investing in real estate since 2004, but now I'm ready to invest more seriously. I like to buy and hold in my hometown of Draper, Utah.

[Douglas Larson]

Hi @Melissa Warnock

I don't live far from you. Draper is a tough market for buy and hold because cash-flow isn't great. You can find small, older homes in West Valley for 140K that need a little work but will rent for $1300 per month. In Draper you will occasionally find an old, small house and pay 200K+ and maybe get $1400 per month in rent. In the newer parts of Draper you will pay $350K and up for a home and rent will only be $1800 per month or so. If you are investing for long-term appreciation but monthly cash-flow is not a concern, Draper is a good bet. The schools are good and you will generally attract better tenants than the northwest side of Salt Lake. I am not an agent but I can recommend a couple good investor-focused agents if you send me a message.

@Chase Nye - I've been in Utah for over 11 years now and I'm pretty bullish on the single family housing market for the next couple years at least. ! My post is toward the bottom!

Have fun and check out the local . They are a great way to network and learn!