All Forum Posts by: Nik Krohn

Thanks for the reply @Steven Bond.

Personal capital & financing for the most part for a buy and hold strategy.

In Utah im looking for best price per square foot. I want to buy a 4000+ sq foot house for the lowest amount possible as an investment property.

I am looking to work with a Utah real estate agent who works specifically with investors. I want to discuss strategy and work out a long term plan for Utah specifically. 

I also would like to get on an automatic feed of properties with my specifications delivered to me via email. When a property I like comes up, I would like to come back to the agent with the deal I am interested in and take the next step.

I am pretty open minded. Please PM or post below so we can connect and either plan a call or meet up for lunch.

I live in Utah County and would like someone local.

@Victor Foo Can you PM more details?

Thanks @Bob E. for tagging me. Here is my experience: The appreciation of the properties has slowed dramatically. I have owned the property for over 2.5 years. I was originally hoping for appreciation and it didnt ever come. The cash flow has been poor. Would I ever invest in Maricopa again, probably not. 

The only advice I have is make sure you get a killer deal (20% below market) and you could probably make the area work. I will likely continue to invest in AZ but multi family units 

You know what I love about BP? I can get so much experienced based advice from so many people. Thanks everyone for sharing your experience!

Thanks @Jacob Pereira for the alternative point of view. I was ultimately hoping to stir the conversation to see both sides although I knew most would be against this strategy.

I can easily tell now at this point that out of state investments need to be lower maintenance/better tenant worthy properties.

@Eric Fonville good feedback. Have you personally invested in these types of properties?

@Omar Merced It was one of your other posts that got me thinking about this topic specifically. They look like incredible cash flow properties but me being out of stat would make it rather hard.

And again, just to be clear, we are talking about investing in OH or MI here not Utah. @Becca Summers, @Account Closed

@Mike Dymski Thanks! Ill be sure to listen to that podcast!

@Thomas S. Thanks for the feedback. 

I would mainly be investing out of state. It doesn't sound like you would ever recommend investing in any D properties out of state. 

I want to specifically start a discussion on the topic of investing ONLY in D neighborhood quality properties.

I have spent a LOT of time here on BP the last 10 days and my horizon has been opened to a lot more possibilities then I ever expected. Living in Utah, I feel the barrier to purchase more and more properties is becoming more difficult for me. I have been reflecting a lot on the different strategies mentioned here on BP. 

I see a lot of people say to stay away from D properties (specifically in OH, MI, etc) but I feel like there is little to no barrier to purchase those properties. 

Is it a bad strategy to have a consistant purchasing behavior of these types of properties? I feel like if I purchase 10 properties over 2-3 years, 6 would be good experiences, 2 would be home runs and the remainder would be terrible experiences. The law of averages would favor you.

Do you recommend this strategy specifically for the buy & hold rental cashflow investor? Is there a better opportunity you would consider?

Congrats!