24 Feb
Posted by Spencer Janke as Economy Update., Real Estate Deals
I find it funny that anyone who starts a real estate conversation with me these days, generalize the market and says, “boy the market is really bad huh….” IF I have time to explain to them the real intricacies of the market. Market is GREAT for buyers right now. Also investors. Take the attached spread sheet for example. This small time local contractor has made over 100% PROFIT on four little rose park remodels in the past 12 months! IN THIS MARKET! Our analysis will show you what he paid and what he sold for and before and after pics. Heck, he’s making better money than any of my clients did back when everyone thought the market was good. Just goes to show, often time doing the opposite of the crowd yields the best return.
This is why when people ask, “How is the Real Estate Market in Salt Lake City UTAH?” I respond by saying, there is money to be made, and great buys right now if you can see the potential. I get asked on a daily basis, “Spencer, can you find us a great deal?” Yes, I can find you a great deal, but everyone wants to buy a home on the uppper East bench of Salt Lake City UTAH for $100,000. Not going to happen. However, if you want to make money on a deal.. Take a look at what this investor has done, and I dare you to tell me the market is bad..
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