investment property: What to Check First Before Buying an Investment Property for Rental Purposes?
- 09/27/18 08:26 AM
If you are considering purchasing a property and then renting it out you must first check with the HOA to ensure that there are no restrictions? These restrictions are very common with condo developments, often they will restrict the number of units that can be rented, or may not allow any rentals. These rules are often implemented by an HOA for a number of reasons. For a start, people often feel it’s not desirable to live in a place which contains too many rentals. But the main reason is to do with FHA Condo loan restrictions which dictate that if too many units are … (0 comments)
investment property: Home Prices in Salt Lake County Take Off
- 08/10/06 04:23 PM
After years of slow home price growth Salt Lake City is finally catching up with the rest of the nation. The median home price in the 2nd quarter 2006 was $220,000 which is up over 20% on the same time in 2005. For detailed price info see http://www.bestsaltlakehomes.com/PageManager/Default.aspx/PageID=1881640&NF=1 or a graphics version can be seen at http://www.greatsaltlakecityrealestate.com/Homeprices/home-prices-2Q-2006.html The questiion is how long can it last? Some of the growth has been fueled by investors selling properties in other areas and investing in Utah. Now those other areas are starting to slow and its more difficult for them to sell. At least the fed kept interest rates … (0 comments)
If you are considering purchasing a property and then renting it out you must first check with the HOA to ensure that there are no restrictions?
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