Those TV shows make it look so easy. Buy an old house, make some renovations, and sell it for a pile of money! But in the real world, investing in real estate is a speculative venture that requires a thorough knowledge of the housing market, access to capital (known as hard money), and a willingness to take a calculated risk. Real estate investors, known in the industry as … [Read more...]
The Big House Flip: Buying Low and Selling High in Salt Lake
Everyone knows that Salt Lake’s housing market is hotter than a two-dollar pistol. Home values have gone up 24.7% over the past year, with median home prices hovering around $485,000. Even so, buyers are lined up to purchase homes while interest rates are low — even if it means overpaying for a home — which many people are willing to do. In fact, more than 55% of … [Read more...]