All Forum Posts by: Tyler Warshauer

I am starting to look into purchasing my first rental home. I am thinking of buying a multi family home, and hopefully one that is significantly under market value due to some minor repairs needed. 

I currently live in the Midway/Heber area, and would love to buy and rent out in my area for many reasons, but the market is on the high end of my budget. I think the market there will continue to go up, especially with the Deer Valley Mayflower expansion that will take place in the coming years. However, rentability, and ROI is a concern in the area.

I have also been looking into the Provo/Orem/Lehi, and the Ogden areas. Salt lake could be nice, but it is very expensive. 

Currently my friends are not in the market, so it is hard to get a real feel for the investment opportunities, and I heard that this site offers great advice. 

My questions are as follows:

-Should I focus on the area around me (Midway/Heber/other)? And do you have any experience in the area.

- What areas in Utah would you recommend looking into if not the above?

-Thoughts on vacation rentals vs year round in Utah? 

-Best ways to find deals that are below market and need some work? Any experience with foreclosures?

If not Utah, what markets do you suggest?

I am up for ANY advice, I am very new to all of this, and open to any help I can get. 

Thank you very much!!