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Updated over 6 years ago,
Utah Investors - Are you buying properties on 15 yr mortgages?
Hi all!
While listening to last weeks episode on "7 paths to financial independence," I really liked the concept of buying one property each year for the next 15 years and putting them on a 15 yr mortgage and taking a draw on the equity once they are paid off as a sort of tax free income. Rinse and repeat.
My question to you experienced Utah investors - are you able to find (create) a good enough deal in our market that will cash-flow or at least break even (considering all maint/vacancy/capex/mgmt costs) on a 15 year note? If so, I would love to hear the "deep dive" sort of details, or as many as you are willing to share. I am a new student to the art of real estate investing and have only been living in Utah for 11 months, so I still have a lot to learn about our market.
Thanks in advance!!