Hi my name is Jake Jensen, I am completely new to real estate understanding basic techniques some investors are using, and being lost and confused when trying to apply them to my special current situation that changes per person, and despite the constant back lash from friends family and that keep telling me not to buy in my ever changing fast growing utah housing market. “Buy low, sell high” “save you’re money, don’t invest” “it’s hard, it’s scary, you’ll loose money cause you’re buying too high”. Now with the median home prices in utah being $300,000 and not having any savings right now, I’m trying to buy my first house. So I’m getting nervous as I look at potential properties and try to figure out how to make money in this market. Knowing I want to invest in a rental property between Layton and Ogden, does any one have any advise on the best strategy for a high market like utah? Are we in a bubble? Is it about to pop? Should I buy a long term rental property when Utah’s housing market is so high? How do I predict the market crash?😅
