All Forum Posts by: Account Closed

@Jayden Boysun Yeah I completely understand! I want to preface by saying that I am not, I licensed mortgage lender or financial advisor

I do believe however that if you purchase an investment property you'll likely have to put 15-20% down. There are portfolio lenders who look more at the quality of investment you're looking to buy and may potentially allow for a lower down payment.

Another good option if you're current life situation permits, is to do a live-in flip, or make your new property your primary residence. For example if you buy a 4plex, living in one of the units would allow you to potentially get a much lower down payment.

@Jayden Boysun That's a great question, a definitely a good problem to have imo! 100k equity!

Is this townhouse your primary residence? If so you could take out a HELOC.

Additionally as you mentioned, depending on what your current interest rate is, you could do a cash out refinance.

Lots of the clients my team and I work with are buying long term investment properties and either using the BRRRR method or buying turnkey and just renting it out. This allows you to greatly leverage your initial investment over time! If you're not familiar with BRRRR method I'd highly suggest looking into in!

Housing prices are projected to continue to rise over the next 5 years in UT and although there are less sellers due to the holidays, there are still just as many buyers and houses going UC as the summer months.

@Mateo Gomez Great work, that's awesome! 💪😎

@Zane Lyons Have you looked into a 203k loan?

@Kaylee Walterbach I'm proud that I moved to Salt Lake City Utah and got my real estate license, joined one of the best teams in the state and I'm beginning to build my business as well as the groundwork for my future investment portfolio!

@Zane Lyons That's awesome Zane, congratulations! I work here in the SLC area and I'm excited to get my first investment under my belt! Thanks for sharing your success!

@Matt Rice Matt, what a great opportunity to connect! I'd definitely be interested in being a part of this! 

@Meagan Martinez What a great opportunity, thank you for taking that initiative, I'd definitely be interested!

@Billy Kennick Hello Billy, I'm a local Realtor here in Salt Lake City and I'd love to get in touch with you and get a better idea of what you may be looking for in an investment property and see how I can help you find a property that suits your needs!

@Sam L. Thanks for the reply, those are definitely important questions I'd need to think about, thank you!