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Utah Real Estate Q&A Discussion Forum
Account Closed
  • Contractor
  • Little America, WY
21
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19
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Is trading homes for businesses to increase ROI smart?

Account Closed
  • Contractor
  • Little America, WY
Posted Jul 22 2018, 15:42

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.

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