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Utah Real Estate Q&A Discussion Forum
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Updated about 5 years ago on . Most recent reply

User Stats

6
Posts
2
Votes
Hua Zhang
  • New to Real Estate
  • South Jordan
2
Votes |
6
Posts

It seems that 1% or 2% rule doesn't really apply in SLC area.

Hua Zhang
  • New to Real Estate
  • South Jordan
Posted

Hi all, I am new to BP as a newbie investor. I have been screening deals on MLS for over 200 listings and it seems it is mission impossible to find a deal that is even close to 1% rule. Any thoughts, folks?

Most Popular Reply

User Stats

44
Posts
20
Votes
Justin Munk
  • Logan, UT
20
Votes |
44
Posts
Justin Munk
  • Logan, UT
Replied

I am an investor in Utah. I quickly realized that the price point in Utah was not favorable. I have moved on to other markets in the mid-west. Even Southern Idaho has some potential. Grab David Green's book on Long-Distance Real Estate Investing. @David Greene He will build your confidence in going to other markets.  I signed contracts on two properties in the mid-west last week and I owe a lot of that to that book. It is totally possible. 

  • Justin Munk
  • Loading replies...