Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago on . Most recent reply

Small Town 4 plex deal????
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

@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.