Small Town 4 plex deal????

[Donovan Wilcox]

https://bp-v-newproduction.s3.amazonaws.com/uploads/calculators/shared_report/report_file/dfc9d3e8-0b63-4625-957a-c666268a60c1/report.pdf?X-Amz-Expires=601200&X-Amz-Date=20171129T015004Z&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=AKIAJ2DXENEECSJVAAQA/20171129/us-east-1/s3/aws4_request&X-Amz-SignedHeaders=host&X-Amz-Signature=e6d6a371d25523f43a28857ac69e73ee16ca6db88bc2dac553b24765c680335b Here is the calculations for the deal. I have this under contract. But I’m nervous about the small town. Hoping some local Utah people can chime in about it. It’s an amazing deal as numbers go. Thanks BP

[Caleb Rigby]

@Donovan Wilcox, your monthly cash flow is less than $85 per unit - for me, that isn't enough cash flow to make this a deal I'd consider. It seems like @Brandon Turner says he doesn't typically look at multi-family properties that don't cash flow at least $150-$200 per door. Good luck, but for me, this is too tight (especially for your first deal). 

Take a look at some of the multi-families in Weber County - a lot closer to Herriman and better cash flow too.