Ogden Utah Multi

[Patrick Ketchum]

I'm looking at multifamily properties in Ogden right now. My problem is that most of them are 100 years old and don't want to deal with an FHA.

I did find one property that would accept an FHA, it's only 60ish years old and it seems to be in good shape. It just barley meets the 1% rule and the cash flow per unit isn't wonderful.

I'd like to know from an experienced Ogden investor if this is a deal worth considering or if more multifamily properties like this come up frequently with better cash flows that I should wait and look for?

Thanks for your input!