300k down and refi the note when interest rates drop. I’d buy in Northern

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Jul 12, 2024
8:40:32pm

Big Daddy D All-American

300k down and refi the note when interest rates drop. I’d buy in Northern

Utah county and likely a fourplex

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Big Daddy D

Bio page: Big Daddy D
Joined: Jul 3, 2003
Last login: Oct 18, 2024
Total posts: 40,073 (3,777 FO)

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Messages

Author

Time

If you had $300K to invest in a rental property in Utah where would you buy?

the_byu_flash

Jul 12, 8:24pm

RE: If you had $300K to invest in a rental property in Utah where would you buy?

EQD2

Jul 12, 8:28pm

So the property needs to be 300k or less or

cougarfann888

Jul 12, 8:28pm

Beaver? Kanab? For hat amount maybe,

Coug98

Jul 12, 8:31pm

RE: If you had $300K to invest in a rental property in Utah where would you buy?

Ikuna

Jul 12, 8:33pm

What is that amount in Utah? A rental property for ants?

Longseason

Jul 12, 8:35pm

300k down and refi the note when interest rates drop. I’d buy in Northern

Big Daddy D

Jul 12, 8:40pm

Grantsville?

HarlemCoug

Jul 12, 8:40pm

Good pick. Granstville is cheap, but growing.

YSMACK

Jul 12, 8:48pm

Brian head

I'mBatman

Jul 12, 8:41pm

I know a guy that just got his RE license he says "it's a perfect time to buy!"

rad dawg

Jul 12, 8:46pm

Vacation rental in St George or Brian Head

RenoCoug

Jul 12, 8:47pm

I'd go with a town on the periphery that is about to get noticed.

Q-grr

Jul 12, 10:02pm

Delle

Jeffacka

Jul 12, 9:05pm

Weren't you part of a certain community there once?

Belboz

Jul 12, 9:35pm

RE: Weren't you part of a certain community there once?

Jeffacka

Jul 12, 9:43pm

You will make more in a money market. 300k in ut not enough.

Recipefordisaster

Jul 12, 9:22pm

Use leverage my man.

Big Daddy D

Jul 12, 9:25pm

Expensive leverage is exactly why $300k isn't enough in Utah right now.

rad dawg

Jul 12, 9:37pm

Asset appreciation is exactly why, if we are not trying to be cute here.

Big Daddy D

Jul 12, 9:43pm

Short term doesn't look good in Utah.

rad dawg

Jul 12, 9:51pm

I’m with you there. Interest rates will decline but insurance rates will not.

Big Daddy D

Jul 12, 9:54pm

OK. It is enough but you suggest waiting a little while.

Acorn

Jul 13, 3:34am

There's always exceptions and edge cases.

rad dawg

Jul 13, 10:40am

You said it wasn’t enough in Utah. Seemed clear to me what you meant.

Acorn

Jul 13, 12:55pm

Generally speaking it isn't enough to avoid taking on debt currently.

rad dawg

Jul 13, 3:06pm

Asset acquisition cost is high. Rates are High. Cant get much of an ROI

Recipefordisaster

Jul 13, 7:56am

Not in Utah.

VACOUGFAN

Jul 12, 9:26pm

With that little amount, just put it in an index fund. It's not enough

shammy

Jul 12, 9:42pm

Use the index and don’t add to the housing crisis problem

Nakedbootleg

Jul 12, 9:46pm

adding a rental unit to the market doesn't impact the housing crisis.

HarlemCoug

Jul 12, 9:58pm

Yes it does

AllHailTheOverlord

Jul 13, 8:38am

there is copious amounts of research on this.

HarlemCoug

Jul 13, 9:40am

I know a guy who invested his $300k online with a scammer. His ROI be real low.

Les IsMore

Jul 12, 10:01pm

Find an assumable loan in an good area.

Jul 13, 7:03am

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