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Updated about 5 years ago on . Most recent reply

User Stats

26
Posts
8
Votes
Eric Andersen
8
Votes |
26
Posts

Salt Lake City and Bend, OR

Eric Andersen
Posted

Hi all,

Are you a property owner or expert in the Bend or Salt Lake City area? 

I'm looking to purchase my first home and think I have narrowed it down to these two areas. Would love to connect with people who know the area and the short term rental/ADU regulations. It would most likely be a creative type of house hack either with a roommate, duplex, short term renting or a combination of any of those. I'm single, work remote, and will spend time in other areas during the year, sometimes for extended periods so would like to offset the mortgage during those times with rental income. This would be a sort of "home base".

I've been preapproved for around a 500K purchase with 3% down on a conventional loan with PMI until 22% of the principal is paid off. There are some interesting homes in the 350-400 range. Hoping to purchase in the next 3 months.

Also, very open to suggestions for other mountain or beach towns/cities that have good numbers. I've lived in South Lake Tahoe for the past 3 years and love the outdoors, but it is a little small for me and casino centric. Boulder looks sweet, but the numbers don't work for me.

Most Popular Reply

User Stats

82
Posts
75
Votes
Martin Carstens
  • Investor
  • Eagle, ID
75
Votes |
82
Posts
Martin Carstens
  • Investor
  • Eagle, ID
Replied

Eric,

Both are great places. However the size and additional choices are huge in SLC.  Try reading the SLC Tribune to get a look at what the area is doing. Nothing short of a all time boom. New high rises downtown, expanded airport with non stop flights to Europe and the up and coming Silicon Slope.  Good problem to have! Best of luck!

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