All Forum Posts by: Account Closed

We just bought a lot up there and are building a 2,800 sq foot home, 5/3.  Our numbers show we can rent that home during peak season (June, July and August) and it will pay our mortgage on the home for the year.  It is a great area to invest in if you can find the right lot and\or property.

I'd love to connect, my husband and I just bought our first investment property a couple months ago and are trying to plan out our next move.

That is so exciting!  Getting past the fear is a big deal!  Wishing you the best of luck and more to come!

What is your investment strategy?  Long Term Rental, Flip or Short Term Rentals?  

Also to add, I hope you had a great trip and saw awesome things here.  This is a beautiful state.

Welcome, I am from Orange County!  I am looking to connect and build my network as well, welcome to BP!

I am sometimes of the mindset of go big or go home, in a smart way, aka - do your homework.  (We put 650k into our first investment property but did our research first.)  Obviously there is due diligence in the area to see if your business idea would be viable in the area you select not to mention this type of business being allowable on the property.  When it comes to land, you can definitely find 10 acres for "fairly cheap" (I know that is a relative term) and some with cabins on it already.  What would it take to start it up, what are you out ($$) if it fails, what can you sell it for (the land and\or cabin), etc.  Go to other shooting ranges, start small talk - talk to those that have done it.

Just because something has not been done or isn't currently being done doesn't mean it cannot be done, I say get into your research and see if it makes sense and if it does, go for it!!!!  Everyone has an opinion and most people thought we were crazy with our first investment, so far we are on the right track.

Good Luck!

@David Li

Airdna is a great tool you can use to help ballpark it. It takes data from other local rentals. There are some caveats to the algorithms but that is a great place to start.

What area are you building in?

@Sami Stevens

Hi Sami! Where in CA are you from? I’m from CA but reside in Salt Lake.

What kind of STR are you looking for? Townhouse, single family, or any other specifics you would like? I can try to think of some areas here in Utah that you may want to look into. The biggest challenge will be the current market...

@Cameron Hekking

Welcome! I just passed my exam in December and my husband who has been an agent for 15+ years is mentoring me. Let’s connect and let me know if you have any questions. I’m not far from you!