All Forum Posts by: Logan McKay Zylstra
Logan McKay Zylstra has started 39 posts and replied 332 times.
Post: Researching Markets to Invest

- Realtor
- Salt Lake City, UT
- Posts 354
- Votes 255
BP actually launched a new podcast talking about the current conditions of the market and left an Easter egg for an AWESOME, free resource. I would listen to that one and use that resource as a starting point.
Post: Business Planning Help

- Realtor
- Salt Lake City, UT
- Posts 354
- Votes 255
I think with everything that you have going on, it wouldn't be fair to yourself to expect enormous success right away. With the only limited time that you can work on the business, you can only produce so much. I say this not to discourage you, but am I actually doing the opposite. Stick with it and success will come.
Post: The New House Norm in Utah

- Realtor
- Salt Lake City, UT
- Posts 354
- Votes 255
Utah has the highest average home size in the US. In addition, listings in Utah have a median of 4 bedrooms. Being from Southern California myself, this was a very apparent difference from the rest of the country when I moved here in 2017.
With Utah home prices skyrocketing in recent years and not nearly enough supply, there has been a public outcry for more affordable housing and more housing in general. Utahns are obviously not happy that condo/townhome prices are now selling for what single family houses sold for just 2.5 years ago, but that is the reality of the market. The state has under-built for years and coupled with the increase in demand, it was inevitable. To add the cherry on top, building materials and labor costs are up. The large homes Utahns have been used to are no longer feasible.
What I am seeing, and what I believe will only continue to happen is that builders will build smaller single family homes, and build more townhomes and condo communities. While, Utahns are now used to oversized homes, these large homes will no longer be the norm.
Post: What to look for when looking for a property that will cashflow?

- Realtor
- Salt Lake City, UT
- Posts 354
- Votes 255
Quote from @Nicholas Prestia:
Hey everyone, first post here. Ive been listening to the rookie podcast non-stop lately and absolutely recommend it for anyone just starting out (like me). I hear them constantly talking about making sure you do extensive research to make sure the property will cashflow and is in an area that is good for cashflow.
What are things to look for that indicates a property/area will generate cashflow?
Cash flow=rents-expenses (mortgage, insurance, taxes, property management)
A quick Google search will tell you markets with high cash flow.
You will need to look at rents in the area and prices of homes to estimate your mortgage. As long as your rents exceed your expenses, you are cash flowing.
Post: RE Investing Meetup - All experience levels are WELCOME!

- Realtor
- Salt Lake City, UT
- Posts 354
- Votes 255
Are you hosting anymore meetups in the near future?
Post: Should I wait for Inflation to end before purchasing properties?

- Realtor
- Salt Lake City, UT
- Posts 354
- Votes 255
If you wait until inflation ends, you are only going to pay more. You want to buy assets with leverage to ride with the increased inflation. There is no reason not to deploy capital if you have it, your capital is losing purchasing power month over month. Cash is not king right now.
Post: Does anyone have thoughts on if this bubble is going to crash?

- Realtor
- Salt Lake City, UT
- Posts 354
- Votes 255
Devil's advocate: Who says it's a bubble?
Post: What to do after youre first house hack?

- Realtor
- Salt Lake City, UT
- Posts 354
- Votes 255
My wife and I cannot be any bigger fans of house hacking! I first bought a duplex in Provo and then another in American Fork a year later. Our next one will be in SLC in a few months.
Negating your living expenses (and letting appreciation run in our market), allowed us to save for our down payments more quickly than if we were doing "traditional" investing.
We are currently selling our Provo duplex and rolling that equity into another house hack and an STR.
I'd love to connect and chat more about house hacking and RE in general.
Post: SELL OR HOLD THATS THE QUESTION

- Realtor
- Salt Lake City, UT
- Posts 354
- Votes 255
Max, that is a great issue to have.
I was just faced with a similar situation with a duplex I bought in Provo. You have to look at your return on equity. Only cash flowing $300 a month is not a good return on your at least 300k of equity. I believe strongly in the Utah market, as well so I understand why you don't want to sell and lose out on appreciation.
If I were you (and what I am currently doing) is to roll that 300k equity into either a larger property or 2 smaller properties. You could also do a cash-out refi and keep your current property while having the cash to buy additional property. In my opinion, no matter what you choose, you have to reposition your equity if you want the largest returns.
Again, a great problem to have.
Post: 20 year old Software student looking to invest in first property

- Realtor
- Salt Lake City, UT
- Posts 354
- Votes 255
Andy, I have a creative way to get around DTI. Happy to connect and chat about it. I faced the same issue when I was in your position.