If you are seriously considering real estate investing, here are the most basic ways to get started on your first investment property. 1- As a homeowner, move from your current home, buy a new home, and rent out the first home. This is a very common practice, but it can only be done successfully if you
You may have heard me here or in my videos or even on Instagram say ‘buyer beware’ or ‘Utah is a buyer beware state’. Now, other than bringing to mind spooky images from a Halloween movie, what does beware mean in this sense? Buyer beware means that the buyer is responsible for their own due
Are you moving IN to Utah for a job? Or moving OUT of Utah for a job? I’ll give you some tips for both scenarios and hopefully they can help make your transition smoother. Scenario 1: Are you moving IN to Utah? Unfamiliar with how things work here? Step one- get a Realtor as your
Looking to have someone manage your rental(s) for you? Here are some questions to consider in the interview process. 1- What makes your company better than the other companies I’m interviewing? (Hint- please DO interview multiple companies!) 2-Let’s talk fees. How are they paid? When are they due? Do they come out of the rent?
These are the most common mistakes I see when people are selling their homes. Please, please do not do any of the following: 1-Hire the wrong Realtor. The barrier for entry is so low that almost anyone can start out as a Realtor- whether or not they have the skills for it. A good Realtor nets
Image Credit Only two things are certain in life: taxes and death. Of property taxes, this is especially true. WHAT are they? Property taxes are assessed on the value of your home or property, based on the city/state that you live in. Some cities with more businesses paying more in taxes will have lower tax
Everyone needs title insurance when buying a home. Title insurance is very regulated and costs about the same amount regardless of where you buy it (about 1% of the purchase price, which is rounded up from .77%, if you want to be technical). They are included in ‘closing costs’ as part of the fees. There
As of November 2019, there were 11 foreclosures available in Utah and Salt Lake counties. In the last year, of the 27,000 homes sold in Utah and Salt Lake counties, 77 were foreclosure homes. One quarter of one percent. What does that tell you about foreclosed homes? They are RARE. It takes a lot for
The National Association of Realtors have found that when hiring a Realtor, most people simply pick the first or second person that comes to mind, without doing much research. Buying a home is ranked as one of the most stressful and hectic life events that you’ll go through- and yet, far too many people simply
It can make people nervous when home values continue to climb. Will we have another recession? An economic depression? What will happen? While I can’t read the future and tell you everything that is going to happen, I can look back and see what the housing trends have been during recessions. A recession is defined