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Updated over 4 years ago on . Most recent reply
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What should my first investment property be: Salt Lake City, Utah
I'm hoping to buy a second property in Salt Lake City, Ut. I'd like to step away from my hourly job and be around my family more. 2 years ago I got my real estate license and purchased the home I'm living in now. I have the ability to represent myself but I'm open to having someone represent me. I haven't been in the market this year and was curious if anyone can help me understand it and give thoughts on my ideas. I currently want a dulpex on the east side of SLC. Tenants would be families with pets, hopefully friends or family. I'm expecting for it to take some time to find and hopefully cash flow after a few years.
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East side duplex inventory is low and unlikely to cash flow at the beginning. Set yourself up with Hotsheets/ Listing alerts and be ready to pounce when something comes up that works. That's what I did and ended up in The Avenues. It took a while to find but worked out in the end.
Do you plan to live in the duplex?