New Investor In Utah! So pump i found this place!

Investor · Ogden, UT · Member since 2016 · 45 posts · 12 votes

My Name is Austin James,

Born and raise here in Utah, the Ogden area to be exact. I'm very new to this I bought my first home at 18 (currently 26). I bought it will all intent to flip it. and I did which netted me a great return. Now I have seen the light and I have banked a nest egg to get into the multi-family dwelling side of things. I am looking it my area very heavy but a lot of these places for sale are duplex' and its hard to stay Cash Flow Positive with them. Any that's a look into my life a bit! I'm so happy to find a place where like minded folks can swap and share info, tactics and experiences.

Favorite Quote-

Be great because nothing else pays-GC

have a great 2016

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Michael S.Pro Member
Biggerpockets Support · Las Pinas, Metro Manila · Member since 2015 · 7k+ posts · 1k+ votes
10y
@Austin James
Welcome to Biggerpockets. Great to have you here
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Austin James
OP
Investor · Ogden, UT · Member since 2016 · 45 posts · 12 votes
10y
Michael Sato thanks, happy to read for hours!
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William Hochstedler
Broker · Logan, UT · Member since 2013 · 1k+ posts · 1k+ votes
10y
@Austin James
Welcome to BP! Lots of good advice here.
Are you saying that you're not seeing multi's in Ogden that are cash flow positive (I assume at 100% leverage)? Ogden exhibits among the best cash flow in Utah.
Lots of great insight and expertise here on Bigger Pockets. Let us know how we can help.
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Benjamin Preisler
Investor · Roy, UT · Member since 2015 · 1 post · 0 votes
10y
@Austin James
I am also an investor here in the Ogden Area. I am also a real estate appraiser and would be happy to answer some questions for anyone if I can. You are correct that there is not a lot in the area of good cash flow right now for Multi-family. Multi family homes are being purchased at top dollar in Weber and Davis Counties. You have to have more than 30% down to get it to make the cash flow. The deals are out there but you have to keep looking. Ben
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