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Provo Real Estate Forum
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Updated over 8 years ago on . Most recent reply

User Stats

38
Posts
9
Votes
Mahonri Bussey
  • Investor
  • Payson, UT
9
Votes |
38
Posts

Looking to buy first rental in the utah county,salt lake county

Mahonri Bussey
  • Investor
  • Payson, UT
Posted

Im new to the real estate market but I am an investor in the stock market and peer to peer lending. I have been reading and doing a lot of research through BP and would like to buy somewhere on the lines of a triplex or fourplex as my first rental property. I was looking in to getting a personal loan to fund the initial 20% down in order to avoid a lot of the issues of buying without that and then renting indefinitely.  if anyone has any advice or mentoring I am more than ready to receive it please!

Most Popular Reply

User Stats

118
Posts
72
Votes
Sam Levin
  • Realtor
  • Provo, UT
72
Votes |
118
Posts
Sam Levin
  • Realtor
  • Provo, UT
Replied

I just noticed this Provo forum.  I work at a brokerage in Provo and we have triplex and fourplex options that are new construction and pre-construction. Cap rates range from 6.5% to 7.7%. Please let me know if you would like to see more information about it.

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