All Forum Posts by: Jake Davies

Welcome to BiggerPockets! Glad to see more people in Utah on here. 

@Douglas Larson

My wife would solemnly agree with you about Ogden city. She has been making her plea for us to go south towards SLC. Thank you so much for the advice and background that gives me a lot to think about. 

@Holden Latimer  

I am glad to see that you are successful in Salt lake city area. Thank you for your advice. As i said above my wife really would like us in SLC and my biggest concern is getting the cash flow in with how pricey the properties are. I have been looking at the Salt Lake City accessor which they have a fantastic program which i can find all the registered 4-plex's in the county and get a hold of the owners and discus with them about their property and possible purchase. How were you able to locate your property?  

@Tyler Williams

Most of my experience with Ogden has been driving the streets every single day with a past job as an employment specialist. It was a lot of business to business interacting so i got a good feel of the area there. Anything West Washington Blvd gets into lower quality homes, tenants, and rents are lower. Between Washington and Harrison is mixed with mainly SF homes and multi families that varies on the condition of each neighborhood. Then East of Harrison is majority of nicer SF homes by the college. All of this is between 40th and 700 south, looking at a google map of Ogden would help make sense of all of this. 

These are not exactly facts just my opinion from living in that city. 

Thank you so much every one for the advice and welcomings! I have analyzed many of the 4-plex's in Ogden and some of them seem pretty doable. Would anyone suggest that there is a big enough difference between renters in the salt lake area compared to the Ogden area? I know that there is some rough renters in Ogden but the appeal of Weber State College would add another demographic to possible tenants. I am already setting up a solid tenant screening process so that i can weed out the bad eggs. Also Salt Lake has more businesses and more likelihood of good renters i believe, but so overpriced.  Any advice?  

@Account Closed What is the price correction that you mentioned above? I haven't heard of it and where could i possibly find more information about it?

Hey thank you every one for the well wishes. I shall keep you updated as it progresses. 

Hello everyone my name is Jake Davies. I am 21 years old and am going to purchase my first home in this upcoming year or less. My wife and I have both agreed that purchasing a 4-plex would work great for us. We have only a family of 3, we had our first child in June of this year. I have always wanted to be an entrepreneur and one point co owned an entertainment company with a friend for 3 years. The market in Northern Ut is a little over priced i would say compared to what i hear on here for Multi family houses. I plan to use the first time home buyer program and maybe the 203k program. I would like to purchase in SLC which is closer to my job, but the market is cheaper in Ogden which is where I live now. I am looking for any advice, tips, or welcoming. Any leads for resources would also be highly appreciated. I am so glad that i have found this community!