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Updated about 7 years ago on . Most recent reply

User Stats

32
Posts
10
Votes
Donovan Wilcox
  • Herriman, UT
10
Votes |
32
Posts

Small Town 4 plex deal????

Donovan Wilcox
  • Herriman, UT
Posted
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

Most Popular Reply

User Stats

162
Posts
237
Votes
Caleb Rigby
  • Investor
  • Layton, UT
237
Votes |
162
Posts
Caleb Rigby
  • Investor
  • Layton, UT
Replied

@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. 

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