All Forum Posts by: Jeremy Jareckyj

why not buy a 2 flat? chicago has some of the best small multi unit stock in the country. I suggest buying a brick building if you go that route- was in a similar situation in 2018 and bought a wood building but wish i had gone with brick

straight up chicago real estate investor podcast is a great way to learn what others are doing all over the city

Just recently relocated to Salt Lake City from Indianapolis for my job. I own three rental properties in Indy and will be looking to invest in Utah in the near future (within 1-2 years). I know the SLC/Utah market has blown up since COVID and may even be considered overpriced at the moment but just wanted to hop on here and see if anyone has any suggestions on areas that would make sense? Ideally I would want it to be within an hour of downtown Salt Lake and open to both long term and short term. Thanks in advance for any insight! 

Hello,

I am new to the investment property market and wanted to see if my investment property goals were stainable and if I could get some questions answered. I live on the east coast and hope to buy an investment property in the SLC-Provo area, specifically the Draper and Lehi areas. My goal is to at least break even with my property and am prioritizing appreciation over cash flow. Optimally I would love to be able to use the property for a month or two per year. Initially I was interested in short term rentals but after researching and hearing about restrictions in the area, I believe medium term rental might be a better option (or possibly a combination). Is there a market for MTRs in these areas? Am I correct to assume the risk is not worth it to rely on STRs in these areas? Are there PMs that do both STRs and MTRs? Are there other avenues of research that I should pursue to see if my plan would work? Let me know if anyone has answers or thoughts. Thanks in advance! 

-Mark McGraw 

Just getting started and looking to use AirDNA to analyze what market I want to start with. Any thoughts? Also is access to AirDNA included in my Pro Subscription? I thought I saw that somewhere 

I know there is a ton of information here which I will scour to get lots of info, but my wife and I are purchasing a home to use as a short term rental/place for my mom and dad to stay a couple months out of the year.  

The property is 2 miles from where we live.  What books or advice would you have for someone that is all new to this?  

Hey @Daniel Loane, so what I might do is to separate the 2 units. Rent them in different listings and a third listing for both units together.

How big would each place be separated? Have you looked at other STRs in the area on AirBNB and VRBO? How big are they?

It might make sense to list it as one place if every other STR is similar in size and renting well.

EDIT - On the permits, you will most likely need 2 permits, one for each rental listing. I would call the city and see what they say.

 Thought about adding a smart lock to the garage and making it a self-rental service. I am a big fan of automation. I know! I can see a lot of $$$ from this but I don't want to be the bike errand boi!