All Forum Posts by: Sam Levin

Hi Sean. It sounds like you have a good foundation started. If you are willing to consider out of state investing you should really check out what we are doing out here in Utah County, UT. I'd be happy to send you some information about the area and purchse and hold data about our line of multi-family investment properties.

The short version is we've got one of the healthiest long term economic outlooks in the country, our developments and management make it 100% turn key (the check is literally in the mail, for your positive cash flow every month) and it's all new construction running at a 7.5% cap rate.

Let me know if you are interested. Thank you. 

We have multi-family buildings in Utah County that are new construction, with great cash flow, that we manage for our investors at 7% of gross rents. With that expense included they are still running at a 7.5 cap. No landlord hassles whatsoever.

Pre-construction townhouse in one of our best developments to date. You could buy an old resale duplex but who knows how many hidden problems there could be. Our pre-construction offerings are sold at wholesale pricing so you pick up $50k in equity from start to finish of construction on this unit. I will run a 7.3% cap rate upon completion next year. That includes our 7% management fee and allows for vacancy.

Totally turn key. All you have to do is buy it, turn it over to our management team when it's done, and then you have the added burden of cashing your $800 positive cash flow check each month. 

Hi Mike,

Welcome to BP.

I am an investor's agent in Provo. We build and sell the best line of multi-family investment properties in Utah county. I'd be happy to send you some info if you're interested.

I also have some clients who are looking to partner up with someone on a fourplex.

Thanks Dylan Vargas. For some reason in my area all of the multi-family properties listed on those conventional sites are really old and tired. When I first looked there on behalf of a client seeking mf property I would have sworn that everyone stopped building fourplexes for thirty years or something.

Luckily I tracked down one glaring exception to this sea of swill, which is the product that said client purchased. That was two months ago. Since then I have transferred my license to the brokerage that exclusively sells this product line, which is turning out to be the best move of my 10 years in the business, and that client is gearing up to buy several more of our fourplexes. I constantly search the available databases for viable competition and the only thing I ever find that is nice, new, and has good numbers is our stuff. 

Hi Tanya. I am an "investor's agent" in Provo specializing in multi-family investment properties. Dylan Vargas is correct! There are really amazing deals on new construction townhome fourplexes that are 100% turn key and have 100 prospective renters on a waiting list to get in. The 5 year hold returns 100%. I know this because we build and sell them exclusively for investors. If you want more information accept the connection request I send. Thank you.  

Also, thank you for making a career of protecting your fellow citizens. I hope your retirement treats you well. 

When your monthly gross rents exceed your monthly expenses (operating costs, taxes, insurance, loan) then you are generating Income. When, where and how "well" you buy the property depicts the ammount of money you will need to put down (if any) in order to have that positive cash flow.

We now specialize in international transactions for Asian buyers of Utah US property.

Great question. The range actually represents the difference between a resale for $730k that's 2 years old at a 6.5% cap rate, and a pre-construction purchase for $659k of the same building type which runs at a 7.7% cap rate upon completion.