First Deal - SFH in Salt Lake City

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First Deal - SFH in Salt Lake City

Mateo Gomez
Portland 路 Member since 2020 路 2 posts 路 3 votes

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $310,000
Cash invested: $40,000

3/2 SFH in Salt Lake City, self managed. Plan to renovate and hold long term. Also considering fully furnishing and doing travel nurse housing due to proximity to Hospital.

1Reply
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Most Popular Reply

Martin Carstens
Investor 路 Eagle, ID 路 Member since 2014 路 82 posts 路 75 votes
4y

Mateo, congratulations! You are in a great market! Hope the rental works out for you!

Best of luck! 

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  • Martin Carstens
    Investor 路 Eagle, ID 路 Member since 2014 路 82 posts 路 75 votes
    4y

    Mateo, congratulations! You are in a great market! Hope the rental works out for you!

    Best of luck! 

    1Reply
  • Dmitriy Fomichenko
    Solo 401k Expert 路 Anaheim Hills, CA 路 Member since 2012 路 18k+ posts 路 6k+ votes
    4y

    Congrats on the first deal @Mateo Gomez ! 

    1Reply
  • Christopher Nehren
    Realtor 路 Salt Lake City, UT 路 Member since 2021 路 14 posts 路 10 votes
    4y

    That sounds like a great deal! Depending on where it is by the U, the ARV on SFR in that area is likely over $430k.

    1Reply
  • Lance Jorgenson
    Investor 路 84123 路 Member since 2020 路 50 posts 路 27 votes
    4y

    Mateo Congrats

    the first one is the most important

    1Reply
  • Account Closed
    Real Estate Agent 路 Salt Lake City, UT 路 Member since 2017 路 27 posts 路 17 votes
    4y

    @Mateo Gomez Great work, that's awesome! 馃挭馃槑

    1Reply
  • Account Closed
    Member since 2021 路 21 posts 路 7 votes
    4y

    Congratulations! I have tremendous respect for you doing this. 

    If you need an extra body to help with renovation, I have tools and live in the area. Would be honored to contribute and learn at the same time. 

    0Reply
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