[Calc Review] Help me analyze this deal
Hi BPers,
Im in Utah market right now where it is very hot and we like this property due to its great location in salt lake county. I know the cash flow doesnt quite make sense now and the COC but we are asvised that the rental rate can potentially go up. Can you please help me see if it makes sense?
Thanks!!!
Most Popular Reply
I would only purchase a property for what it is not what it can be because that will be your job to change it. Speculating on the market could get you in trouble and its a factor of risk that you cant control. Dont bet on the market, bet on a variable you can control like property management, proper maintenance, well screened tenants, etc.