All Forum Posts by: Sarah Caldwell

My husband and I are in the process of renovating our basement to be a separate 4 bedroom 2 bath unit. We are debating whether we should turn it into an Air BnB or have a long term rental.  Does anyone have any experience on the decision between having an Air BnB or a long term rental that can weigh in on the pros and cons? Thanks!

Hello BP! My husband and I are new to real estate investing and without knowing what we were doing, just finished our first live and flip in Sandy, UT. Now we are looking to move into a home with a mother-in-law situation or a multi-plex this summer. Every deal we are looking at on the MLS doesn't even come close to meeting the 1% rule and prices continue to increase because of the influx of jobs and overall growth of the valley. So I have a couple of questions:

1.  What is the most successful way that you have found below market deals in the Salt Lake valley? Driving for dollars? Wholesaling? Direct mail marketing?

2.  Opinions on renting out properties? We’re finding it very hard to have cash flow since rents don’t seem to match the continual increase in property values.

3.  What are your general thoughts about the Salt Lake Market? Best methods for property investments?

Thanks!