All Forum Posts by: Andrew Gammon

Yeah when it comes to Utah markets and rentals you have to think outside the box. It would be really hard to do a rental in the traditional sense. My suggestions for a rental would be to rent out the rooms individually; or if you're close to a resort, airbnb any space that you can. I hope everything works out for you!

Yes, the Utah market is tricky, but there are ways to make it work. You can buy a Muti-family, and rent out the units separately, and then if your using and FHA, rent out the other rooms individually. You can airbnb with relatively good vacant rates as long as its not downtown SLC, or the number won't work. You can buy a single family near a university, if it allows it, and rent out the rooms individually. But best of luck to you, hopefully you can find something that works!

Welcome to the Real Estate world! As long as you're willing to learn, anything is possible! Investing can be one of the most rewarding endeavors you embark upon. Good luck out there!

New member here, looking for some clarification. I've been reading a lot, listening to the Bigger Pockets Podcast, and getting to the point where I want to start looking at potential deals. 

I hear a lot about "running the numbers" on potential deals, but what does that exactly mean? Lets take for example a multi-family property that's going to be a buy and hold. Does running the numbers mean looking at the potential sale price, and comparing that to 

• Monthly expenses
• What class of home it is
• What class of environment is the deal
• Potential cash flow

 Running those numbers, and seeing if it is a potentially good deal, or am I completely misunderstanding this concept?

Any clarification, and even some examples would be great!

Thank you all!