Contractor · Little America, WY · Member since 2018 · 19 posts · 21 votes
Hi,
I've been an investor and landlord in Utah for over 20 years. I have 10 homes paid off but now am not getting the return that I think is juicy enough. I have experience running small businesses and I am offering some of my rentals for exchange of business. Has anyone done this before and what was your experience? I did recently trade a laundromat I owned in West Jordan for a house in East Sandy and it worked out pretty good. The value for the business and house was around 350K and the business generated $60K/annually vs. the $20K/annually I get from the rental home. I am glad to get rid of laundromat but I see that my cash flow reduced quite a bit. The homes I'm looking at trading are all on the west side of Salt Lake County and most are 4-5 bedrooms single family rented at market rates of around $1,500. Any thoughts.
Contractor · Little America, WY · Member since 2018 · 19 posts · 21 votes
8y
I'm looking to maximize my return on money. My homes are worth about 3 million. I'm getting around 5-6% return by using that assett value as monthly income. If I have a business I could probably get 20% ROI. If I sell and put into a money market I get around 1%. Alot of multifamily gets 6-7 percent if your lucky but then I have to borrow money at 6% to get that return so thats why I'm looking at trading out to a business. Its all bout dem numbas!