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Updated over 5 years ago on . Most recent reply

User Stats

15
Posts
11
Votes
Thomas Taylor III
  • Specialist
  • Salt Lake City
11
Votes |
15
Posts

Rural Utah Rentals- Worth It?

Thomas Taylor III
  • Specialist
  • Salt Lake City
Posted

 Has anyone purchased rental properties in rural parts of Utah, like Duchesne, Vernal, etc?  They are a 1/3 of the price that most homes are selling for in Salt Lake, Utah, and Weber counties, but I wonder if they are worth the hassle. 

Most Popular Reply

User Stats

25
Posts
23
Votes
Rhett Dean
  • Rental Property Investor
  • Lehi, UT
23
Votes |
25
Posts
Rhett Dean
  • Rental Property Investor
  • Lehi, UT
Replied

I have bought 16 homes in the Vernal Area over the last year because of exactly the point you just made. They are a boom and bust oil area that has been in a bust since about 2014 but it will eventually turn again. All my units rent really well and quick. I get the 1% rule in Vernal on my units. I self manage but that will get harder and harder as I expand. I live in Lehi and spend a day a month in the basin working on units.

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