All Forum Posts by: Adam Harward

I have a 1.48 Acre Retail Pad right next to Walmart in Lindon, UT.  1.48 Acre.

Available for sale or build to suit.  $838,000.  ADT 35,000 on State street

ADT 35,000 on State street

thanks for the help.  @James Wise I will definitely give that a read.  I've got funds in my Solo 401K that I'm trying to put to use.  I've only invested in RE here in Utah where I live so this is definitely outside my comfort zone.  I need to put that money to work and in my local market there isn't anything I can buy for the funds available.  I'm looking in the $50,000 - $60,000 range.

Would you guys recommend multi-family or SFR?

Thank you @Mark Welp and @Antoine Martel.  I just started looking.  I will reach out to both of you with specific properties.  Interested to see what cities are experiencing growth and bright future.

Looking into investment properties in Ohio and wondering if I anyone can help direct me into more desirable areas and possibly areas to avoid.  Looking at single family homes to rent out.  

Thanks in advance,

--Adam

I've got 4 Plex townhome paper lots coming online in Payson, Utah.  Multi-family is going for ridiculous prices in Utah.  The good thing about these are that an owner can get traditional financing and own a four-plex unit.  PM me for additional information. (4 Plex Units in Purple)

@Raj Vachani nice work!

@natewaters both properties were completely remodeled. Both properties were sold to clients several years ago they remodeled them, brought the rents up and then sold them. I would say they were just sold at the top of the market. One of the Universities in Provo requires housing for students to be university approved housing. This type of rental property is in high demand because you’re practically guaranteed tenants. More secure but less return based on higher demand. In addition these types of rental properties drop prices for students who stay through the summer. I’ve found that things are easy to lease here because of the other university and growth.

Nate:  Welcome to the Utah market.  You're on the right track.  Provo is home to 2 Universities and Salt Lake City is rated as one of the nations top business friendly cities.  

A lot of the growth in the state is happening in what's considered the Silicon Slopes.  Companies such as Adobe, Snapchat, Amazon and Vivant just to name a few have established offices here.

Just to give you an idea on price and returns in Provo we just sold a 4-plex that closed on 11/30/17 for $597,000 with a 6.3% cap rate.  Also another 4-plex we just put under contract yesterday for $550,000 with a 6.3% cap.

Benefit of Provo is not a lot of vacancies but also lower rental rates then Salt Lake City.  Provo is a much more concentrated where Salt Lake is more spread out.

I see a huge market in the Silicon Slopes area of Lehi and Draper but there are not a lot of existing Multi-family. 

Hope that helps.  Let me know if I can help I'm a licensed Real Estate agent/Investor so I'm familiar with what you're after.

Thanks,

--Adam Harward

Interested please DM me more information

Looking to diversify your investment portfolio? Mosida Orchards is a fantastic option for a return on your money. Land can be purchased using retirement funds, such as self directed IRAs. Landl is part of a proposed 3,500 acre master plan development. I have (3) 10 acre parcels for sale ranging from $11,900 - $13,000 per acre.  This property is located approximately 20 miles form Lehi, Utah. https://www.ksl.com/?sid=44370997&nid=148 Lehi is the fastest growing city in Utah and the 11th fastest growing city in the United States thanks to the influx of tech companies wanting to be on the silicon slopes. https://www.ksl.com/?nid=148&sid=43657343 This influx is creating a shortage in housing inventory and now is the chance to buy in front of growth. Visit www.mosidaorchards.com for additional information: history, videos, master plan and news updates. Feel free to contact me directly for specific information.