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Updated over 5 years ago on . Most recent reply
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New to real estate and new to Salt Lake City
Hey BP, my name is Chris and this is my first post on Bigger pockets! I just recently moved to South Jordan Utah from Phoenix AZ and loving the weather so far this summer. I have always been interested in real estate and recently came across bigger pockets podcasts on YouTube. I listen to these everyday on my commute to and from work and It has really got me excited to get things rolling and starting a business. Mostly I have been interested in rentals, flips and wholesaling. I work construction so I am not afraid to get my hands dirty in these properties.
I have been contemplating rentals out of state or local here in Salt Lake and for the most part I see high home values and low rents in my area. Phoenix seems to have a slightly better ROI and rents are getting better. Anyone here in SLC recommend a market that's seeing good returns? West Jordan, Taylorsville, West Valley maybe? After analyzing a few these areas look the best in the valley. What are your thoughts?
Also can anyone recommend an investors meetup group in the Salt Lake Area?
Thanks! Can’t wait to start building connections with you guys here in Utah.
Most Popular Reply
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@Chris Roberts Hey Chris! I agree with @Jaiden Olsen about the value of networking and the groups he mentions. SLREIA is even having their monthly meeting tomorrow (wednesday) evening.
Personally, I prefer to invest local where I can see whats happening with the property and the area. I'd say if you work in construction and are handy then it makes even more sense to stay local so you can put some sweat equity into your properties. As far as areas go, I always suggest people work the area that they drive between their house and where they go to work. That way you can swing by the property often and without going out of your way and you can drive different route to quickly become familiar with the area and values. Hope to see you tomorrow!