Utah Current Market: Rent As Is vs BRRRRs
I have analyzed 20-30 properties across Utah and Salt Lake Counties. I feel like I am analyzing these properties wrong, because I haven't been able to find anything with a decent ROI. I can find some cash flow in the properties but the ROI is so low. Is it better in the current market to be looking for BRRRRs rather than Rent-as properties? I would love some direction on how to do this better. As a note this is my first time in real estate investing, so this would be my first purchase.
For example this property, https://www.utahrealestate.com... I can only seem to get about 2-3 ROI with $100 cash flow. Is this accurate or am I up in the night? I only post this listed for example, not trying to push this or anything.
I would really like some direction with this. I would like to invest locally since i live in UT but I don't really know what to do. Any direction and help would be great.
Most Popular Reply
@David MIchelsen
Yep, not much cash flow to be had along most parts of the Wasatch front. It's slowly disappeared like an endangered species. Now it's only to be found in outer lying areas such as Tooele, Ogden, and magna. If you're savvy, occasionally you'll find one in more simply located areas, but you usually are inheriting a mess with tenants and probably a rehab project.