Real Estate Investing In Utah
Are you an investor or simply thinking of getting started?
When it comes to real estate investing, there is more than one way to do it.
Reach out to me to help you understand the differences and what strategy would work best for you.
Simply fill out the form to get started!
Short-term rentals
Short-term rentals are more commonly known as AirBNBs. You purchase a property, furnish it and list it on sites such as AirBNB and VRBO. Clients can stay for as little as 1 day. Thus called short-term rentals.
You must be careful with these since each city has their own rules and regulations about short-term rentals. This is where a trusted investor experienced agent can help.
long term rentals
A long-term rental is a property with a minimum of 30 day stay. This type of investment is more commonly known and attracts mainly locals. However, these can also be furnished and listed on the commonly known short-term rental sites with a requirement of staying 30 days.
Long term rentals aren't as regulated as short-term rentals but there are always rules to follow per city or HOA.
fix and flips
Fix and flips have been highly popularized by shows on HGTV such as Fixer Upper. Although it seems straight forward on the shows, it requires a lot of analysis prior to selecting and beginning on a property.
An experienced investor should be consulted if it is your first time.
house hacking
This type of investment does not get the attention it deserves. This is a great option for single first time home buyers; especially right now. House hacking is when you purchase anything from a condo or single family home to a triplex+. You then live in one space (bedroom, upstairs, downstairs, or your own unit) and rent out the other space(s). Therefore supplementing your mortgage payment and building equity.
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© Copyright 2024. Jana Oman Real Estate. All rights reserved.
© Copyright 2024. Jana Oman Real Estate. All rights reserved.