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Updated over 9 years ago on . Most recent reply
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Calling all Salt Lake City Home Flippers
I'm looking to purchase a live in flip in Salt Lake City and am having a hard time determining the best area to receive a decent return. I'm thinking about Sugar House area but the numbers don't seem to be working. I'm moving from Phoenix where I was able to purchase a home two years ago for $140k, I put appx $25k into it and the home is now under contract for $240k. I would like to find a similar type of deal but am thinking maybe my expectations are too high for the SLC market right now.
If anyone has any recommendations on areas I should look, please let me know. Please note that, quality of life is very important as well as we will be living in the home for the next 2-3 years and we would like a very family friendly neighborhood.
Your help is much appreciated!
Most Popular Reply
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West Valley City is okay, but I believe it's going to be at least 8 or 10 years before WVC / Taylorsville / Kearns is going to see maturation of the current cycle we're in.
You should look at the Millcreek area. Those neighborhoods are awesome and you can find deals in the high 100's on great lots with tree-lined streets. I'm an agent and I'm up in those areas very regularly. Hit me up if you'd like some help