All Forum Posts by: Ashlyn B.

Ok so we just bought a house in Fruit Heights UT that has a mother in law apartment. We are living in the basement (1bed/bath) and renting out the main floor (3bed/2bath). It is zoned as Single Family. Should I be worried about this? Is it ok for us to do that since we are actually living there? Any knowledge or help would be greatly appreciated!  

There are 2 separate entrances for the main floor as well as 2 separate entrances for the basement

@stephen 

@Stephen E. We would have tenants pay. Our thinking was the same as yours, $150 (and that doesn't even include internet which raises it even more) would make it near impossible to rent out and actually make margins off of it. We are going to see if they will drop the price of the house so that we can install gas. If not then it is definitely a deal breaker. 

Thank you so much for all the responses. So far from what I have gathered (from the seller) the bill is pretty high every month. On average in Utah about $150 more than a normal (elec+gas) utility bill. Could this situation be a cause for a price reduction (to add gas)? 

I should also probably mention the way the house is heated at the moment is with radiant heat (running in the ceiling and floors). 

I am under contract for a house right now. We would live in the basement and rent the upstairs. I am concerned because we just found out there is no gas line running to the house. Everything is run on electricity (people keep telling us that that will be too expensive and its not worth it). 

Sooo. Does anyone have any experience with a house like this? How do utilities compare to a house that uses gas? It is in Utah so it gets to be pretty cold here in the winter. Any thoughts or information about this would be so great. Thanks in advance! 

@Sean TaggeThat rentometer.com is a great tool. Thank you for sharing! And thank you for all the other tips. Very, very helpful!

Hello fellow Utah investors. I am wondering if anyone has been looking for multi-family investment properties in the northern part of utah. Bountiful to Ogden. It seems like I have looked at a bunch of places and NOTHING has been meeting the 1% rule.

I am new to investing, and I am just wondering if it is just a bad market right now? Or if there are better places to be looking? 

I want to look at multi-family investments and house hacking. And how to analyze those properties. Would this book help me with those things?

Thanks!

Awesome thanks @Mark Nolan and @Steve Theobald!

I am a graphic designer from Utah. Soccer, music, reading, being with family, and traveling/adventuring are some of my interests/hobbies.

When I develop an interest in something, I go all in. I do tons of research, reading, and learning so I can be an expert at whatever it is...

I have no experience other than the reading I have done on BP (I've read the Beginners Guide and a few other guides and forum posts). My grandpa made his living from REI. While I am not interested in doing this full time, it is DEFINITELY something that I want to do on the side.

From reading I have decided I would like to start with Multi-Family Properties (2, 3, & 4 units). Beginning with "house hacking". So any help from finding a good property, knowing if a property would be a good investment, and getting started with all of this would be greatly appreciated!