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Updated about 4 years ago on . Most recent reply

User Stats

218
Posts
8
Votes
Artem Shum
8
Votes |
218
Posts

Any investors in Salt Lake City to connect?

Artem Shum
Posted

Hi everyone. I am new to Salt Lake City area young professional. Looking for connections and planning to buy my first house hack in this area in 2021. Please tell me which areas I should stay away from, so I can start looking for deals. Thank you

Most Popular Reply

User Stats

84
Posts
61
Votes
Andy Jenkins
  • Realtor
  • Minneapolis MN & Salt Lake City, UT
61
Votes |
84
Posts
Andy Jenkins
  • Realtor
  • Minneapolis MN & Salt Lake City, UT
Replied

Hi Artem, welcome to SLC! House hacking is a great way to go in SLC. I do it with a duplex, my clients do it with a mother in law/ ADU, or rooms in a SFH. Every area has its pros and cons. What are you doing here in SLC? Do you have a commute? Do you want to live in a particular area for work? Do you want to be close to downtown or the ski resorts or a temple or a pub? Do you want something with a low price point, or something in a "good" neighborhood that will bring in higher rents? Without knowing your goals, it's hard to say which areas you should avoid. First step is to talk to a lender and see what you qualify for. That'll largely dictate which areas you should look at.

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