Multi Family In Utah - Salt Lake City - Provo - Orem

[Hadar Orkibi]

HI BPrs, 

I'm planing my next road trip and considering visiting new markets.

I mainly invest in multi family homes and looking to explore another marker where the rent to price ratio make sense. 

Would much appreciate to receive some feedback about the MFR market in Salt Lake City - Provo - Orem area.

How is the market doing?

Inventory for Multi Family

days on the market?

Typical Cap rate?

I had a quick look on LoopNet and some of the prices in SLC in par with Denver Colorado. 

Thanks In Advance

Hadar

[Eric Gardiner]

@Hadar Orkibi

What @Jon Neviaser said is pretty spot on. The MFR that stay on the market are usually a little more rough or they are just over priced. Are you ok with 10 units on a piece of land but they are in separate buildings? IE a 4 plex and 2 3plex. I found one of those recently.

Also, Are you investing from NZ?