Investors ... Stay Informed on the Local Market

One should seek out multiple brokers and not rely on the first broker that has been spoken to. It is the same as choosing any other expert. You will want to be sure to shop around the Profile.market a place where you will have access to meet your financial necessity.

It is much more difficult to get traditional financing for these properties because they are looked at a little different than a primary residence.

When working on fixers you may want to consider seeking a hard money lender for financing rather than a traditional mortgage broker.

Check with your real estate agent in the Profile.market area, and you can find financing options and alternative mortgages here as well as through your real estate agent and via investment property finance firms.

Hard money lenders are willing to loan between 50 and 80% of the value of a property after repairs, whereas traditional lenders will only loan based on a property's current value.

Because they already have local contacts it is very possible that it will be your real estate agent in Salt Lake City Utah that has some contacts with these investors, it might be another investor that wants to invest and makes a good return.

Traditional financing is much cheaper than getting a hard money loan. Typically interest rates range from 12-16%. Please note that you may be required to pay 3 to 5 points upfront as well.

The benefit to the investor is that hard money lenders will lend estimated value after repairs and lend money on that amount allowing you to finance all of the repairs that are needed.

Make sure you include them in your purchase and holding costs so that you end up with the profits you are looking for on the property after all is said and done and you simply look at the costs of hard money loans as a cost of doing business.

Receiving your initial loan in Salt Lake City Utah is your toughest. Once you do it once or twice it will become much easier.

There is a lot of free information available about buying, selling or investing in Holladay and Salt Lake City, Utah real estate.  For complete information about the Salt Lake City real estate market including foreclosures, short sales and more, visit the website dedicated to everything Salt Lake City Utah real estate.

For a FREE Weekly List of Foreclosed Homes with 4-5 Bedrooms in Salt Lake City, UT under $150,000 fill in the form below and you will receive home listings as they hit the market.  You will get all the hot listings as they come up even before most agents see them!

Just fill in the form below with your correct name and e-mail address and we will set it up to have the list automatically e-mailed to you.  Just add it in the comments if you have an interest in Short Sales and HUD homes too!

If you or someone you know are in need of a competent and caring real estate professional in or near Salt Lake City, Utah, I will be happy to help, just call me at 801-518-4599.

Cut Your Maintenance and Repair Costs by real estate expert Kathy Opolski

When a property investor starts searching for properties in Salt Lake City Utah, an important factor to keep in mind is the maintenance and repair costs.  Their goal should be to keep these as low as possible. In our discussion today, we will look at five elements that the property investor in Salt Lake City Utah needs to either look for in new properties or take care of with his or her own properties in Salt Lake City Utah.

Element #1 – Find low-maintenance properties

One of the things that an investor should look for is properties in Salt Lake City Utah that are built with low maintenance materials and this will also include all of the fixtures. You also want to look at the outside of the property to make sure that the outside is fairly low maintenance. This is referring to the things like the landscaping and shrubbery.

Element #2 – Find low-maintenance residents

This may seem strange, but there are tenants that will be costly to have living in your property in Salt Lake City Utah as well as tenants that will go out of their way not to cost you anything. So again, you want to screen your tenants carefully.

Element #3 – Apply repair charges

There are a couple of ways that may help you to maintain your low-maintenance residents in Salt Lake City Utah. You can shift a small portion of any repair charges to the tenant. Basically they will pay the first $50 or $100 of any repairs. You must make sure that this is part of the lease and that it is something that the tenant is aware of. You can have a higher security deposit. Usually higher security deposits will attract a lower maintenance type of resident.

Element #4 – Have a handyman available

Hire a handyman that you can trust and that will be available to handle to take care of your maintenance and repairs. This is someone that is dependable and will do a good job of taking care of your properties in Salt Lake City Utah.

Element #5 – Think Prevent

You want to always be in a preventive maintenance mode. Have your handyman always looking for ways to cut expenses as well as always looking for possible maintenance issues before they arise. This alone may save you hundreds of dollars over the long run.

There is a lot of free information available to you about buying, selling or investing in Salt Lake City Utah real estate. For complete information about the Salt Lake City Utah real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Salt Lake City Utah real estate at www.BuySaltLakeCityHomes.com. Please feel free to contact me with any of your real estate or mortgage related questions and I would be more than glad to answer your questions. Call me on my cell at 801-518-4599 or email me at kathyo@kathyohomes.com. 

It seems almost everyone in Salt Lake City Utah wants to go into real estate investing. After all, you can work very few hours and reap amazing profits. But getting started as a real estate investor in the Salt Lake City Utah market can be difficult. This article will help give you some tools to get you through the initial learning curve so you can start doing profitable investment deals today.

Step #1 - Have the Right Mindset

The most important mindset to have as a beginning investor is the mindset to learn. So many investors come into the market with the mentality that they want to hit a home run on their first deal.

The reality is, you'll probably make mistakes. Often times you'll still be profitable anyway, but sometimes you will lose money. But every experience is a valuable experience, because it will get you further along your path of being a profitable real estate investor.

Step #2 - Form Valuable Contacts

There are several key people you should meet in the Salt Lake City Utah when you're beginning your investing career.

A good real estate assessor and a good real estate inspector are both important contacts to make.

You should also find yourself a good accountant and a very good real estate agent. You might also want to find yourself a good real estate lawyer.

If you can find a mentor to guide you through your first few investment deals, that mentor's help will pay off graciously.

Step #3 - Do Very Careful Research

For your first property, do very very careful research. Look over all your numbers twice to make sure you can afford the property and that it will be a sound investment.

Make sure to double check all your utility bills, factor in vacancies and maintenance for rental units, and to give yourself some padding just in case something goes wrong.

Remember it's better to pass on a deal than it is to take a deal you're not sure about.

There is a lot of free information available to you about buying, selling or investing in Salt Lake City Utah real estate. For complete information about the Salt Lake City Utah real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything [Profile.market2] real estate, at www.BuySaltLakeCityHomes.com. Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at 801-518-4599 or email me at kathyo@kathyohomes.com.

Investing in real estate is a great way for anyone in Salt Lake City Utah to make money. Yet so many people never get their start in real estate simply out of fear. Much of it is because of myths about real estate investing that simply aren't true. In this article, we'll dispel 5 of the most common myths about investing in Salt Lake City Utah


Myth #1 - You Need Experience to be Successful

Experience will help a lot in making good investment decisions. However, the only want to get experience in investing is to actually make investments.

Even Donald Trump had to start somewhere. And even he had to make mistakes. Not having experience is no excuse not to get started.

Myth #2 - Now is Not the Right Time

There are always strategies to make a profit in Salt Lake City Utah real estate, no matter what the market looks like.

In an "up" market, purchasing foreclosed or damaged properties and flipping them for high prices is a very profitable strategy.

In a "down" market, buying a property, renting it out and holding it as the property increases in value is generally a profitable strategy.

There are many
different strategies you can employ to invest in real estate, depending on what the market looks like.

Myth #3 - Fixer Uppers are a Safe and Simple Way to Get Started

This simply isn't true. There are many investors, both experience and inexperienced who've lost a lot of money by getting themselves into bad fixer upper deals.

Myth #4 - Investing is Easy

Easy is the one thing investing is not. That isn't to say it shouldn't be an enjoyable experience. Learning to be successful in investing could be an immensely enjoyable experience.

But it is hard work. There's a large learning curve. You have to put in a lot of work. But in the end, your hard work will pay off.

Myth #5 - You Need a Lot of Money to Invest

The reality is that your inner determination to make deals happen is far more important than the money. No money down deals is a reality that can work anywhere, even in Salt Lake City Utah.

These 5 myths are common excuses people use to not get started in real estate investing. None of them are true. The best time to get started in your investing career is now.

There is a lot of free information available to you about buying, selling or investing in Salt Lake City Utah real estate. For complete information about the Salt Lake City Utah real estate market including current properties for sale, property values and more please visit the most complete website online dedicated to everything Salt Lake City Utah real estate at www.BuySaltLakeCityHomes.com. Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at 801-518-4599 or email me at kathyo@kathyohomes.com.

The better your credit score is, the less obstacles you'll have to cross When the mortgage companies in Salt Lake City Utah are discussing your creditworthiness They are generally referring to your FICO score,looking at your credit. This is a compilation of the three major credit bureaus and is the standard for determining credit worthiness in the industry.

An individual should aim for a FICO score above 710 because it allows individuals to obtain the best loans and have more bargaining leverage.

There are a wide variety of loan options available to the investor in Salt Lake City Utah. You can even find loans that will cover 100% of the purchase price.

There are still options available,if your credit is not excellent. You may be able to negotiate the seller carrying a second mortgage on the property in Salt Lake City Utah.

In one scenario, both you and the seller are both happy with the price negotiated. You get 80% through a bank or lender and the owner agree to finance to other 20% for you as a term of the contract.

You will find that the process of getting a loan is less complicated for eighty percent of the purchase price. If you have negotiated a price below market value,this is especially true. Perhaps you agreed upon a final price of $100,000 while the real market value is actually $120,000.

With this example the lender that supplies the loan only has $80,000 at risk on a $120,000 property. This is not as risky.

There is a lot of free information available about buying, selling or investing in Holladay and Salt Lake City, Utah real estate.  For complete information about the Salt Lake City real estate market including foreclosures, short sales and more, visit the website dedicated to everything Salt Lake City Utah real estate.

For a FREE Weekly List of Foreclosed Homes with 4-5 Bedrooms in Salt Lake City, UT under $150,000 fill in the form below and you will receive home listings as they hit the market.  You will get all the hot listings as they come up even before most agents see them!

Just fill in the form below with your correct name and e-mail address and we will set it up to have the list automatically e-mailed to you.  Just add it in the comments if you have an interest in Short Sales and HUD homes too!

If you or someone you know are in need of a competent and caring real estate professional in or near Salt Lake City, Utah, I will be happy to help, just call me at 801-518-4599.

Investing in Salt Lake City Utah can be a very profitable business for the wise investor. Unfortunately, you can also lose a lot of money in Salt Lake City Utah real estate if you don't know what you're doing. In this article, I'll go over several tips to help you ensure a profitable investing career in the Salt Lake City Utah real estate market.

Pick a Specialty

When you're going in to real estate investing, you'll likely find that there's an overwhelming amount of available information on all kinds of investing tactics.

Rather than specializing in being "a real estate investor," pick something more specific. Perhaps you'll specialize in small apartments. Perhaps you'll specialize in buying foreclosures. Perhaps you'll specialize in fixing houses.

Whatever the case may be, pick a specialty and learn everything you can about that tactic. You're much more likely to success that way.

Know Your Taxes

Taxes are often a big "gotcha" for investors. To start, it's important to learn as much about Salt Lake City Utah tax laws as you can. Have an accountant you can rely on and educate yourself in the various ways you can work with the tax laws to reduce your taxes.

Understand how taxes will impact your bottom line. Realize also that taxes change over the years. When you choose a property, it's important to choose a property that will be profitable even if the tax codes change.

Be Meticulous With Your Inspections

You should always meticulously inspect your properties before making a purchase. You shouldn't ever purchase a building before you've done a proper inspection.

Many investors simply inspect the property by hand. However, it's usually a good investment to have your property looked at by a professional before making your purchase.

Know Your Rent, Utilities and Maintenance Costs

Cashflow is something that you must be very careful with. If you're working with a thin margin, things like vacancies and unexpected maintenance can easily put you in the red zone.

It's important when you're calculating your investment to factor in vacancies and maintenance costs. A good way to determine this is by looking at the building's past history. If there isn't a good record or if there isn't a reliable history to go back on, another way to help determine these costs is by looking at the costs of similar units in your area.

There is a lot of free information available about buying, selling or investing in Holladay and Salt Lake City, Utah real estate.  For complete information about the Salt Lake City real estate market including foreclosures, short sales and more, visit the website dedicated to everything Salt Lake City Utah real estate.

For a FREE Weekly List of Foreclosed Homes with 4-5 Bedrooms in Salt Lake City, UT under $150,000 fill in the form below and you will receive home listings as they hit the market.  You will get all the hot listings as they come up even before most agents see them!

Just fill in the form below with your correct name and e-mail address and we will set it up to have the list automatically e-mailed to you.  Just add it in the comments if you have an interest in Short Sales and HUD homes too!

If you or someone you know are in need of a competent and caring real estate professional in or near Salt Lake City, Utah, I will be happy to help, just call me at 801-518-4599.

Real Estate Agent Kathy Opolski Addresses Concerns About Whether There are Good Deals to Be Had in Salt Lake City Utah for Real Estate Investors

Over the last several years the idea of investing in the Salt Lake City Utah real estate market has garnered a lot of interest from buyers all over the country. Although recently we've had some hiccups in the real estate market and economy, now more than ever buyers are seeing the huge opportunity available to them to create wealth through real estate investing.

The unfortunate occurrence of foreclosures all over the country has led to an enormous opportunity for individuals who are prepared to purchase property for investment. Buyers who had the funds and credit score necessary to purchase property have seen that they can get astounding deals. Not only can you purchase foreclosures, but you should also be looking at pre-foreclosures as another fantastic way of getting a good deal. In addition, short sales are a popular choice among Salt Lake City Utah real estate investors these days.

In some areas of the country, banks are letting houses go for $.30-$.50 on the dollar in some cases. These are not always homes that are in poor repair. In fact, people are finding that they can get fantastic prices on homes that are move-in condition. Of course, there are things that you must consider before purchasing a Salt Lake City Utah foreclosure home or a short sale.

The main important factor to think about is whether or not the title is clear. Although title searches are typically done before closing, and you do want to make sure that you invest in owner's title insurance. This will protect you if the title is ever challenged later because there was a problem in the chain of title such as forgery or something not being recorded.

Another tip to remember is that you should always get a full home inspection on any house you buy, but especially a foreclosure. This is because the bank does not know the background of the home and therefore is unable to give you history on any repairs or problems that ever happened there.

For more information about real estate in Salt Lake City Utah, please visit me at www.BuySaltLakeCityHomes.com or call me directly at 801-518-4599.

There is a lot of free information available about buying, selling or investing in Holladay and Salt Lake City, Utah real estate.  For complete information about the Salt Lake City real estate market including foreclosures, short sales and more, visit the website dedicated to everything Salt Lake City Utah real estate.

For a FREE Weekly List of Foreclosed Homes with 4-5 Bedrooms in Salt Lake City, UT under $150,000 fill in the form below and you will receive home listings as they hit the market.  You will get all the hot listings as they come up even before most agents see them!

Just fill in the form below with your correct name and e-mail address and we will set it up to have the list automatically e-mailed to you.  Just add it in the comments if you have an interest in Short Sales and HUD homes too!

If you or someone you know are in need of a competent and caring real estate professional in or near Salt Lake City, Utah, I will be happy to help, just call me at 801-518-4599.

Salt Lake City Utah Investing Expert Kathy Opolski Reveals How to Do Proper Due Diligence with Salt Lake City Utah Investment Properties

Due diligence is the process of double checking everything before finalizing a purchase. Proper due diligence is an absolutely crucial part of every profitable investor's success. In this article, I'll talk about the best ways to do your due diligence based on my experience in Salt Lake City Utah real estate.

Due diligence should start with the proper verification of the books. You should check all the rental agreements and double check all rental histories. Review at least the last two year's financial statements and see if there's anything unusual that raises a red flag.

Double check the actual rental income with the amount of rental income the building should be receiving based on the lease agreements. These numbers will often not match up. As the building's future owner, you should know why.

Check all the utility bills. Make sure there are receipts for every payment. If there isn't one, contact the city or the utility company to get a copy of the receipt.

Look into how old the building is. If it's old, look into what the building codes were when the house was constructed. Will there be costly renovations you'd have to make to bring the property into compliance with current building codes?

If the building is new, does it have a home owner's warranty? Look carefully over this contract so you know what it covers.

Walk around the building and do an inspection by hand. Look at the conditions of the walls and watch for fire or water damage. Check the electrical and plumbing systems. Make an educated guess on how long the roof will last before it needs repairs.

Remember that everything you find during the due diligence process is "ammunition" you can use to negotiate a better deal with the seller. The seller wants to make the deal happen as much as you do, but there's no reason for you to pay for more than the property is really worth based on its condition.

Begin your due diligence process as early as possible. Start your inspections before you make an offer. Even after you've made an offer, make sure that you have clauses in the contract that allow you to inspect the property and the necessary documents.

There is a lot of free information available to you about buying, selling or investing in Salt Lake City Utah real estate. For complete information about the Salt Lake City Utah real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Salt Lake City Utah real estate at www.BuySaltLakeCityHomes.com. Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at 801-518-4599 or email me at kathyo@kathyohomes.com.

One should seek out multiple brokers and not rely on the first broker that has been spoken to. It is the same as choosing any other expert. You will want to be sure to shop around the Profile.market a place where you will have access to meet your financial necessity.

It is much more difficult to get traditional financing for these properties because they are looked at a little different than a primary residence.

When working on fixers you may want to consider seeking a hard money lender for financing rather than a traditional mortgage broker.

Check with your real estate agent in the Profile.market area, and you can find financing options and alternative mortgages here as well as through your real estate agent and via investment property finance firms.

Hard money lenders are willing to loan between 50 and 80% of the value of a property after repairs, whereas traditional lenders will only loan based on a property's current value.

Because they already have local contacts it is very possible that it will be your real estate agent in Salt Lake City Utah that has some contacts with these investors, it might be another investor that wants to invest and makes a good return.

Traditional financing is much cheaper than getting a hard money loan. Typically interest rates range from 12-16%. Please note that you may be required to pay 3 to 5 points upfront as well.

The benefit to the investor is that hard money lenders will lend estimated value after repairs and lend money on that amount allowing you to finance all of the repairs that are needed.

Make sure you include them in your purchase and holding costs so that you end up with the profits you are looking for on the property after all is said and done and you simply look at the costs of hard money loans as a cost of doing business.

Receiving your initial loan in Salt Lake City Utah is your toughest. Once you do it once or twice it will become much easier.

There is a lot of free information available about buying, selling or investing in Holladay and Salt Lake City, Utah real estate.  For complete information about the Salt Lake City real estate market including foreclosures, short sales and more, visit the website dedicated to everything Salt Lake City Utah real estate.

For a FREE Weekly List of Foreclosed Homes with 4-5 Bedrooms in Salt Lake City, UT under $150,000 fill in the form below and you will receive home listings as they hit the market.  You will get all the hot listings as they come up even before most agents see them!

Just fill in the form below with your correct name and e-mail address and we will set it up to have the list automatically e-mailed to you.  Just add it in the comments if you have an interest in Short Sales and HUD homes too!

If you or someone you know are in need of a competent and caring real estate professional in or near Salt Lake City, Utah, I will be happy to help, just call me at 801-518-4599.

Here is the complete formula for making sure you make profitable purchases for fixer  properties in Salt Lake City Utah.  These simple 8 steps will ensure you never pay too much for an investment property in Salt Lake City Utah again.


SPECIAL REPORT:

8 Steps to Making Huge Profits on Investment Properties in Salt Lake City Utah.

Buying properties in Salt Lake City Utah that are in need of repair is one of the quickest ways to make money in real estate in the shortest period of time.  These properties are known in the industry as “fixers,” “ugly properties,” or  “junkers.”

But beware!… I know too many stories of new investors that were too anxious to get into a deal on a property in Salt Lake City Utah and ended up paying way too much.  The last thing you want to do is overpay for a property and create a massive hemorrhage in your cashflow.

You need to understand that you actually determine your profit when you purchase the property in Salt Lake City Utah.  It is easy to guess that you have a bargain, and later find that you wound up with a money pit because of lack of homework before making your offer.

So let me give you the 8 steps to making massive profits on fixer properties in Salt Lake City Utah.   These simple steps will give you the formula to make sure you consider all your costs before making your offer


Step 1
Determine the after repaired value

You actually have to start with the end in mind.  On any property in Salt Lake City Utah that you are making an offer on, you first need to determine what you can expect the property to sell for after it is fully repaired. 

You can ask your friendly real estate agent or title company for comparable properties in the Salt Lake City Utah area.  Just make sure you are comparing apples to apples.  You want to compare your investment house against very similar properties in Salt Lake City Utah. 

If you have a 3 bedroom house with 1500 square feet find at least three other houses that are similar within the same neighborhood (or a very comparable neighborhood) that have sold in the last six months.



Step 2

Determine your closing costs on the purchase of the property in Salt Lake City Utah

There can be a lot of costs that can add up when you are closing on a property in Salt Lake City Utah.   Here is a list of things to include in these costs.

Down Payment
Real estate commission
Appraisal
Loan closing costs and/or points
Home inspection
Termite inspection
Soil inspection (if there is an underground oil tank, etc.)
Finder fees (for anyone that may have helped you find the property.)
Survey

Step 3

Determine your holding costs

A lot of investors can loose profits by underestimating their holding costs.  Make sure to include the following:

You need to add in 6 mortgage payments to the holding cost budget.  You want to have plenty of money set aside for the time it will take to repair and market the property in Salt Lake City Utah. 

Make sure to include 6 months of taxes and insurance as well as utility costs for 6 months.

Step 4

Add up your budget for repair costs

If you are not good at estimating what repairs will cost get some estimates from contractors.  You want to make sure you include everything from carpet, paint and light fixtures, to plumbing electrical and landscaping.  It is better to go over on your estimate rather than to underbid what the overall costs will be.

When you think you have estimated what your repair budget is add 10-20% to this total.   You may not think you need this extra cushion, but more times than not you will end up going over budget on a rehab project.



Step 5

Determine sale costs

Now you need to determine what it will take to sell the property on the Salt Lake City Utah real estate market.  Take into account your advertising and marketing budget

Step 6

Determine closing costs on the sale of the property

In step 2 you determined the approximate closing costs on the purchase.  Now determine the same thing for the sale of the property.  Include any points, real estate commission, etc.

Step 7

Decide on your profit.

This is the fun part.  Here is where you decide on how much money you want to make when selling your property in Salt Lake City Utah.  Remember, you control how much profit you make not the property. 

Remember that you are going to be investing a lot of time into this Salt Lake City Utah property over the coming weeks and months so  make sure you are naming a figure that is worth your while.

I wouldn’t settle on less than $15,000 minimum for a profit on a fixer property.  Even with all the figuring you have done, your profit can still get eaten away by unseen issues that can come up with the property, especially if the rehab and sale takes longer than anticipated.

This is the main reason we start with the end in mind.  Do your best to look at this as a math formula.  Leave your emotions behind when you get to the end of the formula you have your answer on what you can afford to pay for a property.

Step 8

Determine what the most you can pay for the property will be.

Now we are ready to determine what we can afford to pay for the property in the Salt Lake City Utah area.

Simply take your predetermined after repaired value and subtract the following:
closing costs on purchase
holding costs
repair costs
sale costs
closing costs on sale
your profit

What you are left with is the MOST you can afford to pay for the property and still make the profit you are looking for.

This formula takes a little time, but the more offers you make, the quicker you will get at compiling the data and making lots of offers.

There is a lot of free information available to you about buying, selling or investing in Salt Lake City Utah real estate. For complete information about the Salt Lake City Utah real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Salt Lake City Utah real estate. So please feel free to contact me with any of your mortgage questions and I will me more than glad to answer your questions. Call me on my cell at 801-518-4599 or email me at kathyo@kathyohomes.com.

As someone who's interested in investing in Salt Lake City Utah real estate, you're likely someone who sees opportunity where others see a falling market. The reality is that a "bad market" means it's the best time to invest. In this article, I'll show you why now is the best time to invest in Salt Lake City Utah real estate.

The old adage of any investment is to buy low and wait for it's value to rise, then sell high. The real estate market is different from the stock market where when you buy a stock low you risk losing your money if the company sinks or doesn't
come back up. The reality is that real estate will always be in demand, because we're not getting any more space and more and more people need places to live. Supply and demand dictates that over time, real estate must rise in prices.


Right now is one of the best times in history to buy because housing prices are at a historic low. Not only that, we have more foreclosers today than ever in history. As an investor, this is a huge opportunity for you.

People who can no longer afford their house still need a place to live. That means that the renter's market is very active right now, because people are desperately looking for places to rent. In other words, housing prices are low and rent demand is high, plus the potential for your investments to go up is limitless. As an investor, what more could you hope for?

If it wasn't clear already, the best strategy in this market is likely to be the "buy and hold" strategy. There are very few investors who can make a living by flipping properties right now. One reason is that the market could fall faster than you'd make from your flip anyway. Another reason is that there simply isn't a good buyer's market for you to unload your properties.

These are just some of the reasons why now is the best time to invest in Salt Lake City Utah real estate. Remember that windows of opportunity don't often stay open for very long. It's important to act while you've got the chance.

There is a lot of free information available to you about buying, selling or investing in Salt Lake City Utah real estate. For complete information about the Salt Lake City Utah real estate market including current properties for sale, property values and more please visit the most complete website online dedicated to everything  at www.BuySaltLakeCityHomes.com. Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at 801-518-4599 or email me at kathyo@kathyohomes.com.

It seems that no matter where you look in the real estate investment game someone is always predicting when is the right time to sell. The bubble is going to burst or the market is movng fast! The market is falling! With these doomsayers and chicken littles hitting every major magazine and newspaper across the country, what’s an investor supposed to think? Well, it depends on why you own your investment property in the first place.

Those who bought a house with the intent to own it for quite a while have little to fear. The housing market is similar to the stock market in that while there may be dips or flattening of the market, the long-term goal will continue to rise. Since housing prices have grown so quickly and the interest rate has risen of late, the rental market has increased as well, so even those who aren’t looking to live in their property are likely to find that their investment is secure. And as those renters work toward securing their own home, one can be pretty sure that they’ll be paying on time to keep their credit report sparkling clean. It’s best to work with cash when it comes to buying rental properties, though, so that when the right property comes up at the right price you can act fast without having to worry about where your money is going to come from.

If, on the other hand, you’re one of those investors who was hoping to make a quick cash turn around, you may be in for a bit of a shock. The real estate market is moving toward a buyer’s market, leaving those trying to sell a rehabbed house at a decent price for profit hanging. With the market flattening across the country, there’s little chance at a quick anything when it comes to home buying and selling. Those looking to unload a home in order to cash out their equity will be looking for the best deal they can get, and most likely will take their time in doing so. Buyers, on the other hand, will be hard-pressed to find a good investment opportunity that can be easily turned into cash in hand.

Of course, there’s the added concern of high-risk, adjustable rate mortgages. Now is definitely the time to look into getting rid of those dark horses, either by refinancing or selling the home outright. The trend is moving away from no-money down lending to the more secure loans available, and with Alan Greenspan jumping the interest rates, those caught in the ARM struggle will find considerably higher mortgage payments as the loan shifts. The money is better suited in other areas of investment, rather than lining the bank’s pockets. If refinancing into a fixed rate loan isn’t possible, at least look into refinancing into another ARM that will give you a little more time to figure out exactly what you want to do.

None of this really matters if you’re in a market that’s showing growth despite what the economists are saying. Every city has its own growth-slow down rate, and looking into where the growth is and investing there may well buy you a little more time with your money. Know the Salt Lake City Utah real estate market before listening to any talking heads about how you should handle your investments.

Overall, those who are into the real estate market for the long haul have little to fear. So long as they’re not looking into the mouth of a large balloon payment or significant rate hike at the end of an ARM, sitting still will be your best bet. Those who are looking for quick turn-arounds with minimal effort on their part are best making sure the market they’re involved in can support it. Otherwise, leave the speculating alone until the real estate market turns back around.

There is a lot of free information available to you about buying, selling or investing in Salt Lake City Utah real estate. For complete information about the Salt Lake City Utah real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Salt Lake City Utah real estate. So please feel free to contact me with any of your mortgage questions and I will me more than glad to answer you queries. Call me on my cell at 801-518-4599 or email me at kathyo@kathyohomes.com.

So You're Looking for Greater Salt Lake City and Park City Utah Short Sales

You will likely come across dozens of Greater Salt Lake City and Park City Utah properties in foreclosure with little or no equity, that is, the seller owes at close to or more than the property is worth. In these situations, lenders are sometimes willing to accept less than the full amount due, commonly referred to a “short pay” or “short sale.”

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