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Why You Need to Invest in Salt Lake Real Estate
Manage episode 152726699 series 1069374
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We're seeing investment properties in Salt Lake City sell at record levels. Cap rates are down to 3.5-4.5%, and in a good market this would be somewhere around 6.5%. As cap rates go down, values go up.
What does this mean for you?
It means that you need to invest in properties right now if you have been thinking of doing so. The market isn't changing, and interest rates aren't going to get any lower. The longer you wait, the more you're going to pay in interest for a loan. If you're using these properties as an investment, you want to lock in the lowest possible rate.
If you contact me directly, I would be happy to share some investment advice with you. I think real estate investment is one of the best things you can invest in. I know that when I retire, I can count on this passive income. It's a great way to set aside some money for later in life.
If you have any questions about this topic, please don't hesitate to contact me!
What does this mean for you?
It means that you need to invest in properties right now if you have been thinking of doing so. The market isn't changing, and interest rates aren't going to get any lower. The longer you wait, the more you're going to pay in interest for a loan. If you're using these properties as an investment, you want to lock in the lowest possible rate.
If you have any questions about this topic, please don't hesitate to contact me!
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