Salt Lake City / Provo Market Questions

[Daniel Whitmore]

Hi,

Looking for feedback from local Provo / SLC investors.

I currently reside in CA but am interested in exploring the Provo/SLC markets (BYU grad here) as I have family there and a property manager I might be able to add to my team. Seeking a small multi family that will require low-moderate rehab and cash flow nicely.

After briefly researching online it appears to be a favorable market with decent population growth and 6% ave cap rate. I realize I’m a little late to the game with how pricey the market has become.

Questions I have:

- Top emerging neighborhoods around the area?

- Best cash flowing areas?

- Indicators of industry/job growth?

- For those with rental properties: are you increasing rents each year? If so, what %?

- Any areas to avoid? Anything to watch out for?

Thanks in advance!