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Updated about 7 years ago on . Most recent reply
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Where should we look to invest in Utah?
Hello everyone!
My boyfriend and I are real estate investors in Anchorage and looking to relocate to Utah. We currently own and manage 11 rental units, have done a few wholesale deals, and flipping. Realistically I do not want to live in Alaska forever and are projecting a fast growth next year and if we are going to relocate- now is the time to do it. Our ideal market is to buy and hold, but we are flipping to gain momentum and cash. I would like to connect with other investors to network the area. Ideally I want to live in Ogden or north SLC, but we can commute to make our deals. Any recommendations of areas to focus on- what is growing in rental markets, where are the distressed areas?
We are planning way ahead- but are hoping to move by 2018 summer. I will commute back and forth to start analyzing deals and getting a feel for the market. I also have an FHA loan option come the beginning of the year so we may get our first purchase in the spring and utilize it as a starting ground to move from.
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@Stephanie Foster Congrats on moving to Utah. This state is rad!!! The slogan in Ogden with the local is "Ogden is awesome." It really is. I grew up around there and cruised the blvd as a kid!! Ogden is a good place to get started because the price points are lower. There are some great deals out there but you have to find them. I work with an investor that does a ton of stuff in Ogden. Ogden is growing and has a very good mayor. The Ogden BDO is now a huge place for outdoor industry business. You can find deals. Just remember, Ogden is rough some times. But I sure do love that place.
Let me know if you want help. Im a local realtor that looks for deals daily in Ogden.