Newbie in Bountiful, Utah, looking for 1-4 unit building to start

[Matthew Ormsby]

My name is Matt Ormsby, I'm an attorney in Bountiful, Utah. I almost bought a 4-plex 12 years ago and chickened out at the last minute. I've regretted it ever since. Now I'm realizing retirement might not happen if I don't do something extra. I'm looking to buy a multifamily unit right away and then maybe do some flips to make the cash needed for a second building. Any ideas on the best way to find available multifamily? Perhaps someone knows an agent who specializes in that area? I'm reading posts, listening to podcasts, and reading as many books as I can. I would love to make this my full time job. Thanks in advance and I look forward to being an active participant on the forums and in the business. 

[Aaron Smith]

@Matthew Ormsby Welcome! 

Well, I guess, the best way to help you is to find out where you're looking for MFH. If you're looking in Utah, they can be  found, but they're pricey. You can start by looking on Loopnet, but that search is limited to a select few listings, then they want you to fork over your first born for a monthly fee. 

You can also look on Cityfeet.com, Realtors.com, Trulia, Zillow, even the major real estate offices, will list MFH. It also depends on your price range. Prices in Utah are pretty high right now for MFH,so I've been looking out of state. Michigan, Arizona, Florida. Cheaper prices, decent rents, and much better CAP rates and cash flow. It's not to say deals can't be found here in Utah, they're just hard to come buy unless you want to pay through the nose.

Btw, myself and @Kinley Puzey are B-town residents! :D

Welcome, 

Aaron