Ok, here are all of the best East side rental properties I can find. I left off a couple that have gone under contract. You wouldn’t believe the deals a few people are picking up. Apparently there are a few investors that are liquidating their inventory in the Salt Lake Valley. So I will keep the lists coming. Right now is the time to pick one of these properties up. If you continue to read the article that I wrote just below you will understand the great opportunity right now. These properties are priced very aggressively, and with interest rates where there at currently a lot of these will show positive cash flow. If you have any questions about any of these please give me a call.
What have I been saying for months now? For all of those who do not believe your local professionals.. Read the article above. Interest Rates will have to rise very quickly to combat Hyperinflation. This is really a simple fact, look at history. We know that this is the case. There is no way interest rates will be able to remain as low as they are right now through 2010! So what do I think Interest Rates will do in 2010? The Fed is going to be forced to raise them just as fast as they dropped them. Now the untold effect this could and will have on our economy is yet to be determined, however one thing is for sure. Everyone who has been holding out for pricing to get better, and interest rates to drop some more are going to be sorely disappointed. In Salt Lake City, UTAH we have seen a stabilization of home prices. It is agreed throughout the Real Estate community, that affordable housing has seen it’s bottom. It is true your upper priced jumbo homes may drop a little more. However what will that do to your average purchaser? Absolutely nothing! Interest Rates are at an all time low, they are not going to get better. They will just get worse, oh how easy our society forgets the past. Do you not remember your history? In the 80′s people were happy to get a 12 percent interest rate on their mortgage. Right now people are freaking out if interest rates get to 6 percent. Every single day, our clients ask us. What do you all think interest rates are going to do this next year? I always tell them, “you better plan on the worst, and except to see interest rates climb a good point to a point in a half at a minimum.” Now don’t take just my word for it, it is simple economics. If interest rates maintain their all time low, it is cheap to borrow money, and therefore more accessible. What is inflation? Inflation is an increase in the price of a basket of goods and services that is representative of the economy as a whole.
So in conclusion, what do I think interest rates will do in 2010? In my humble opinion, everyone would be insane to think for a second that they will not be going up very quickly in the near future.. Good luck..
Are you serious? The best part about this article is that I have friends that would really finance their favorite seat at our local sports stadium if the team would actually allow that.
I think the marketing, and budget committees got together are figured it would be the same thing as selling tickets. What better way to get people committed to the team then, make them actually purchase their own seat in the new stadium. I mean we all know they make their money off of concessions anyway (not ticket sales).
So props to these sports nuts for being creative. My big question is, do you think we could get FHA financing on my stadium seat? For 3.5% down, I think my wife just might let me make that priority decision.
As promised, here are all the new Bank deals that have come out in the last week. I have gone through them and weeded out the crap.. So all of these should at least be worthy of taking a look at. REO properties in Salt Lake City, UTAH are starting to move quickly, the good one’s at least. So if you see something you like, let me know ASAP so you can make a move. I am also going to be posting the best Duplex / Rental properties in Salt Lake City as well. Real Estate in Salt Lake is starting to move quickly.. So again time is of the essence on all REO properties..
Really not to sure what to think about this article. To me it was more geared to lower income, and maybe not as highly qualified individuals. If so I really don’t know where this one is going again? In my opinion, if it is more for your first time home buyers I am all for it. I mean, considering credit, job history and anything else applicable. Someone who is trying to purchase their first home, I am all about helping. I just sure hope this is not another form of the whole subprime mess, I mean if you are not qualified to buy a home, go rent for a while until you can prove you know how to pay your bills!! I have to do that, I think everyone else should as well..
So changing the subject, I hope you all like the new look of UTAHCRIBS? I have been spending a lot of time updating, and changing a few things to really make the site special. So please keep coming back, and I will try my hardest to keep you all entertained. We have some neat things that are going to be happening in Salt Lake City, UTAH in the coming months. And I am excited about sharing it with all of you. I am working on getting all of the old timers from the previous blog to come over and use this new one we have, so bare with me, I will keep the great articles coming your way. I will also start doing our weekly deals. We are starting to really be amazed at the quality of Real Estate deals people are buying. I hope we continue to help as many people as possible to capitalize on this down market. Someone needs to benefit from this mess other than all of these Rich CEO’s…
So some interesting news for all of you who care. New results for home sales came out today. Sales are edging higher which is a good sign for the stimulus package that old Uncle Sam have been working on.
I do have one question, maybe someone out there can help enlighten me on? I have never understood why they analyze the housing market based on “New Home Sales”? Wouldn’t it make more sense right now to base it off of existing inventory, and show how the market as a whole is reacting? I think that would paint a more realistic view for everyone. Not to mention, I think Home Sales may be even better. It may take some time for people to catch on to this, so hopefully everyone figures this out..
This is great news… I am so excited about this. I have a vacation home in Eden Utah, which is just at the base of Powder Mountain Ski resort. This is one of the best resorts Utah has to offer.. If you don’t believe me, you will for sure need to check this place out the next time you are in Utah to ski.. I am local boy, who grew up skiing Alta, Snowbird, Brighton, and Solitude.. It wasn’t until the last several years that I started skiing up at Powder and Snow Basin. I am glad to see this article in SKI Magazine. It’s a great time of year, I just purchased a new set of ski’s for my wife, so we will see you all on the slopes of Powder in a couple of month’s.
So a few weeks ago I posted the cheapest duplex east of 1300 east and have had good response to it. I thought I’d put out the cheapest duplex east of State Street in Salt Lake County for you to see.
Features & Info: / Range Gas / Uncovered Parking, Separate Power Meters, Separate Gas Meters, Separate Water Htrs, Laundry Hookup, Monthly Leases Inclusions: Range, Refrigerator, Window Covers
Remarks: THE LOWEST PRICE DUPLEX ON THE EASTSIDE BY $26,000-EASY TO RENT-RENTS SHOULD BE $1075 OR MORE-LICENSED LEGAL DUPLEX-WELL WATER FOR YARD-NEW FURNACES-24 HOUR NOTICE TO SHOW-RENTED MONTH TO MONTH
Information deemed reliable but not guaranteed. Buyer to verify all information.
I think the number one question I am being asked lately is, What is going to happen to interest Rates? What will interest Rates do in 2010? Do you think they will go UP? Will they stay as low as they are right now?
These are all great questions, and I keep telling people I wish I had the magical crystal ball. I mean I can definitely see ghosts and all, but telling the future was a paranormal gift the almighty didn’t seem fit to bestow upon me..
However, he did give me an opinion. And I just happen to have one on the particular subject. For those of you interested read the above linked article about the Fed maintaining current course. This will give you an idea about the immediate future of interest rates. Now I always throw out the disclaimer that I am in the Real Estate industry and so therefore am a little biased on the subject of interest Rates. Why you ask? Well when they are low I obviously make more money, because I am selling more homes. However, I am a realist and a true capitalist. And therefore have a firm understanding in what hyper-inflation can do to an economy.
So what is my verdict finally? Interest Rates are going to have to go up sooner or later. We are borrowing way too much money, and we are seeing our own Govt. go in to massive amounts of debt to keep our machined of an economy going. I am grateful for the immediate results of the home buying going on in the market. However, what is going to happen long term?
People if you are not insane make note, interest rates will be going up. I strongly believe those of you wanting to take advantage of a low interest rate, and you realize that affordable housing can not go any lower in some areas, you better take advantage of it now for it will not last too much longer. Now if it doesn’t happen in 2010 I will eat my own words, and I will make sure to post an apology to all of those who think I am full of it..
Thoughts anyone, I always love a good opinion either way.
