Just added for our members in South Bay and the Peninsula to make the drive a little easier.
Why investing in small multi family properties in Provo, UT makes sense
Would you like to invest in small multi family properties but are concerned about bad neighborhoods, compressed cap rates, and ineffective management? In 2010, the agents at Re/Max Equity in Provo, UT had many clients requesting quality rental units, but options were limited for landlords/investors.
In addition, one of the biggest problems with typical multifamily properties is that they are in rougher parts of town. Once one property owner decides to lower rents and stop maintaining his unit, the rest of the community takes a dive.
The solution? Create multifamily communities that are managed by HOA, which is comprised of a collective voice of concerned investors who receive discounts for bulk purchase of properties, insurance, management, and amenities. Because our team manages the exteriors and common areas of the community, the development is bound to maintain a clean and welcoming presence. This results in attracting quality tenants that rent longer and pay more.
Steve Olson of Fourplex Investment Group have completed eleven developments, with one in process, and 5 more schedule for 2017. If you are looking to maximize your ability to invest through conventional financing, want to make your self directed IRA more efficient, or 1031 exchange into solid units in affordable markets, contact us today! Steve will be flying in from Provo, UT to share the details of this unique investment strategy with us. Provo, a suburb of Salt Lake City is home to many technology companies and has a burgeoning economy. I hope that you will find the time to come network and hear Steve speak.
December 6 (Tuesday) – Redwood City – Harrys Hofbrau (1909 El Camino Real, Redwood City, CA) LUNCH EVENT
Noon to 12:30 PM: networking and lunch
12:30 to 1:30 PM: Presentation and Q&A
Looking forward to meeting many of you.
Founder, BayFlip.com (BTW, many off market in state and out of state deals listed there)
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