All Forum Posts by: Ky Perry

Hey everyone I’m an agent based here in Utah, and I’ve been noticing more out-of-state investors looking at this market lately. Prices have cooled off a bit compared to the peak, but demand is still really strong in areas close to Salt Lake, Utah County, and some of the up-and-coming suburbs.

A few things I’ve been seeing that might help if you’re considering Utah for rentals or flips:

• Daybreak, Herriman, and South Jordan → lots of new construction, strong long-term growth.
• Ogden/Clearfield/Layton → more affordable entry points, solid rental demand from nearby jobs + Hill AFB.
• Provo/Orem → student + tech-driven demand, good for medium-term or traditional rentals.

If anyone’s curious about Utah or thinking of running the numbers on a deal here, happy to share what I’m seeing day-to-day.

Thanks for sharing Desiree!

Congrats on the 4-plex! 🎉 Big upgrade from checks-under-the-doormat 😂

There are a few good all-in-one platforms that handle online rent payments, leases/docs, and maintenance requests:

• Avail (super beginner-friendly, good for smaller portfolios)
• Buildium (more robust, but pricier, usually better if you plan to scale)
• TenantCloud (solid free tier, covers payments + maintenance tickets)
• AppFolio (very powerful, but typically better once you’ve got 50+ units)

For a first 4-plex, I’d say Avail or TenantCloud is probably the sweet spot.

I’m new myself, but something I’ve noticed is how much people stress the importance of networking. A strong relationship with other investors, lenders, or even contractors can save you more money than chasing the absolute cheapest deal.

A lot of new investors chase ‘hot markets’ for appreciation, but I’ve heard over and over that consistent cash flow in steady areas is what keeps people in the game long-term. Is this true? What are your thoughts?

@Jay Hinrichs Yeah I guess that makes sense, Thanks for clarifying Jay.

Interesting point — I think no matter what happens with Section 8 rules, there’s always going to be demand for affordable housing. Even if the subsidy gets capped at 2 years, people still need a place to live, and lower-priced rentals usually stay in demand. The main shift would be on turnover and stability of income — Section 8 is attractive because of guaranteed rent.

If you’re investing primarily for cash flow, I’d keep a close eye on policy changes, but long-term I think affordable housing will always have strong demand. Just might mean adjusting strategy a bit depending on how the rules shake out.

Good question — I’ve been learning the same thing as I get more into deals. From what I’ve seen, the best way to find a true fix & flip partner is by building relationships with local investors first (meetups, REIAs, even just networking on here) rather than just posting ‘looking for money.’ Partners usually want to see you in action, know your systems, and feel confident in your deal flow.

Hard money lenders are easier to find since they advertise, but the tradeoff is the rates/fees. A partner will take more trust-building but can lead to repeat deals and better splits long term.

I’d say keep posting here, go to meetups in your market, and be super transparent about what you’re looking for — people who are investing on the side usually like working with someone hungry and local.

One thing I’ve picked up from others is to always budget for vacancy, maintenance, and property management — even if you self-manage. It makes the deal way more realistic and helps avoid surprises down the road.

Thanks for sharing all this — super cool to see the breakdown 🙌 I’m still early in my investing journey, but I’ve been looking a lot at small multifamily/house hack setups like this. I like how you structured the deal and especially the way you handled upgrades in phases. The note about doing more up front is a good reminder too. Curious — looking back, do you feel the medium-term rental strategy was worth it, or would you have gone straight into long-term tenants?