SLC and Ogden Rental Health

[Reggie Withers]

Hey BiggerPocketers!

I am an ER nurse here in Los Angeles that is scaling into Birmingham, AL and eventually Frankfort, KY. 

How is the market of SLC and Ogden in regards of cashflow/profit for rentals or potential flips? My family is from Ogden, my grandmother lives in Roy, with myself going to school in Roy for a brief time (Go RAZORBACKS!). I would love to scale into the market and have an excuse to visit my grandmother more often. What are your thoughts? Is the market now overpriced with deals far and in between that do not make sense with the barrier of entry to high?

I am looking for SFR and MFR in distress that I can add value to through rehab with acquisition and rehab cost 30% below ARV.

Can this be done in Ogden and SLC?

I would love your input and hope you and your families are safe and well. 

[Alan Walker]

I have rentals in both Salt Lake County and in Ogden.  The Ogden market still has opportunity and you have to pay very close attention to the neighborhood when buying.  I use property management for all my rentals so they are on top of tenant screening which also really helps with overall cashflow.  Our market in Utah has shifted from strong cashflow to value-driven in the last 5 years.  Cashflow still happens of course yet you won't find the same cashflow here that you do in the midwest.