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Salt Lake City, Utah makes top 10 list for best places to buy investment property
Salt Lake City, Utah pops up at #6 on Marketwatch's Top 10 best places to buy investment property in the U.S.
They cite low inventory and rising median home prices as reasons, but fail to mention that rents on single family homes are pretty high compared to the cost of homes right now.
My presumption is that families who have lost their homes to short sale or foreclosure aren't too excited about renting a 2 bedroom apartment, so they are looking for single family homes to rent. I've been thinking about keeping my home as a rental for a few years rather than selling it right now myself.
My primary business is with single family residential buyers who plan to live in the home themselves, but if you are interested in buying investment property in the Salt Lake City, Utah area, I have associates who can help you. Call or message me today for more information.
Do you have excellent credit? Do you plan to purchase a $250,000-$750,000 home within 90 days? Do you have a good down payment, or are you paying cash for your next home? If you want the best representation, get someone on YOUR side!
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