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How to Become a Landlord With No Money in Salt Lake City, Utah

Becoming a landlord is one of the safest and most worthwhile long-term investments. However, as the average house price in the U.S. costs around $410,200, becoming one can be expensive.Fortunately, you can start a career in this field without cash in your bank. It can be a struggle for many, but if you know secret landlord tips, you can become one ...
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How to Invest 100k in Real Estate: A Salt Lake City Guide

The most recent data valued the US real estate market at a staggering $33.6 trillion! Investment in real estate is a big pie that keeps getting bigger, and there's no better time than the present to get on board. An investment in real estate will never drop to zero value, and its value only trends upwards in the long run.If you have extra cash ...
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What Are the Benefits of Investing in Salt Lake City Real Estate?

According to information published by Utah University, around 33% of the state's population rents their homes, and 80% of these reside in the six largest counties, including Salt Lake.Additionally, rental prices in Salt Lake City are at an all-time high, making this city an attractive option for those wanting to enjoy all the benefits of invest...
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3 Tips for Choosing an Investment Property in Sandy, UT

A recent study by John Burns Real Estate Consulting reveals that the percentage of investment properties in Utah is lower than in the rest of the nation. Nationally, investors are buying 24% of homes. In Utah, however, 15% of homes are bought by investors.Just because the percentage is low, it does not mean that Sandy, Utah is not an excellent loca...
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Why Real Estate Is the Best Investment for Retirement Planning

If you're like most Americans, you're concerned about your future - especially retirement.That's because 57% of currently retired U.S. adults rely on Social Security as their primary source of income.When it comes to retirement planning, adding another pillar to your retirement plan is the key to a better life. If you already have a 401...
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Why It Makes Sense to Rent Your Home If You Cant Sell

The decision to sell or rent out a home can be a challenging one for homeowners. Many individuals would prefer to sell, but in this market, it can be difficult to find a buyer that is willing to pay the asking price. In such cases, renting out your property can be a good option. Leasing a home may seem like a daunting task, but it can be a smart fi...
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Becoming a Real Estate Investor: How Much Money Do You Need?

The real estate investment market is steadily rebounding after the pandemic.In the first part of 2020, there was a worldwide drop of 33% in real estate investments. For new investors, this meant a lot of great opportunities, but as the market quickly bounced back, acting fast became a necessity. To act fast on real estate investments, you need to h...
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5 Things You Ought to Know About Selling Inherited Property in Utah

Inheriting property can be an emotional life event. But eventually, and usually, there comes a time to start thinking about selling an inherited property.After all, some homes come with extra baggage, like becoming an accidental landlord, inherited property tax, and more. Selling inherited property can take an emotional toll on some.In certain stat...
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Home Buying and Selling: The Escrow Process (Explained)

The median price for a home sale in the Salt Lake City area was $601,000 in 2022. But, of course, some homes sell for more while others sell for less.In any case, home sales require earnest money. The buyer puts money down when issuing their offer, and the money goes into an escrow account.You might have questions about the escrow process if you...
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Trends in Real Estate: A Snapshot of the Utah Real Estate Market

Did you know that in April 2022, the median price of a home in Utah was over $534,000?With house prices continuing to rise, potential buyers may be curious about when the best time to get into the real estate market is. Potential investors may be curious if this is a good time to invest in this market.Well, this guide will reveal the current Utah t...
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Real Estate Inspections: 5 Things To Keep In Mind

According to Bankrate.com, real estate remains one of America's favorite investment assets. Their recent survey revealed that 28% of Americans prefer this investment method to generate wealth. Real estate investing can provide several benefits to investors. However, there's one thing that must occur first. Investors must ensure the pro...
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Common Real Estate Investing Myths That May Be Holding You Back

Halfway through 2022, we learned that over four-fifths of home-owning millennials have some regrets about buying a home. Many of them prefer to rent these days, and with this comes opportunities in real estate investing. You can either buy to flip, or buy to lease, although you may have heard of all sorts of stories on how this will go.Below, ...
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Common Mistakes Made When Buying an off Market Property

Did you know that the U.S. housing market reached a value of $36 trillion in 2021? With numbers like that, it's easy to see why so many see this sector as a source of investment opportunities. Many people look for properties listed in traditional real estate markets, but what about off market properties? There are advantages to going this ...
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The Makings of a Great Investment Property

Did you know that the average rental price for homes increased by more than 7% from 2021 to 2022? That means people who own rental property are making about 7% more this year than they were last year. Real estate is a booming business, but it’s not as easy as buying a house and waiting for the money to roll in. Finding a great investment...
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Becoming a Landlord: 4 Reasons to Invest in Real Estate

It's never been a better time to invest in real estate. At least 36% of households rent homes instead of owning them according to the 2019 census (and that number is likely higher now). The rental market is hot, so why not get in on it? The idea of investing in such an expensive endeavor might seem scary. How do you know that you're go...
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Rent vs Sell: What to Do With Your Property

“Opinion is the medium between knowledge and ignorance.” Whether or not you agree with Plato on this point, you will appreciate the value of solid research when it comes to making critical financial choices. For example, when life turns down an unexpected path and forces you to reconsider your property decisions, you want more...
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6 Common Real Estate Investing Mistakes and How to Avoid Them

Real estate billionaire Andrew Carnegie once said that 90% of millionaires got their wealth through real estate investments. However, even big shots like them commit real estate investing mistakes. The difference is, they caught on early and worked hard not to repeat the same mistake.The good news is you can too! Here are six real estate investing ...
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5 Real Estate Investing Tips For Beginners

According to the US Census Bureau, individual real estate investors own more than 74% of rental properties. Have you ever considered getting into real estate investing in Salt Lake City? How does one get started and thrive in this aspect of real estate? What are the things that you need to get started?When getting into the property investment ...
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A Beginner's Guide to Real Estate Investing

Have you ever rented a home or apartment? What was your landlord like? Have you ever pictured yourself in that role? If you get into real estate investing, you could make that dream a reality.It's not easy to start investing in real estate; there are a lot of factors to consider when looking at your first real estate investment.This guide will ...
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How COVID-19 Has Influenced Multi-Family Housing Trends in 2020

The top multifamily housing trends in 2020 may surprise you. With the economy going the way it is, mortgage rates heading toward a record low, and millennials ready to buy, there is sure to be a change.It’s no surprise that the COVID-19 pandemic has greatly influenced emerging trends in the housing market. Overall, we can say the vi...
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First Time Investors: What You Need to Know

First time investor | What you need to know about real estate investmentReal estate property management is a huge responsibility to take on, and can be overwhelming if you’re new to investing. When you invest into real estate, your goal is to put money to work today and make it grow so you have more money in the future. You have to make...
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Multi-Family Real Estate Investing — Why You Should Invest

It seems like everyone in Utah is investing in multi-family homes right now — the authorities issued 465,000 building permits for these homes in 2018 alone — and with good reason. Sure, the stock market provides lucrative returns, but it’s way too volatile. Single-family homes also prove profitable, but there’s to...
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