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frequently asked questions
Frequently Asked Questions
Get the answers you need to when it comes to Real Estate and gaining the benefits from land, office building and homeownership. Each and every category has what you need to answer your basic questions – for more in-depth answers, Connect with us here
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- Home Amenties
- How to Buy a Home
- Investing - Buy & Hold
- Investing - Crowdfunding
- Investing - Fix & Flips
- Investing - House Hacking
- Investing - Wholesale Real Estate
- Property Management
- Selling
Real estate crowdfunding allows multiple investors to pool their money to invest in real estate projects, typically through an online platform. This enables individuals to participate in real estate investments with lower capital requirements than traditional methods.
Investors contribute funds to a real estate project, which may involve residential, commercial, or mixed-use developments. The platform manages the investment process, including property selection, management, and distribution of returns, with investors typically earning through dividends, interests, or property appreciation.
To get started, you need to sign up with a crowdfunding platform, review available projects, and select one that fits your investment goals. Most platforms require investors to meet specific financial qualifications, such as an accredited investor status.
Like any investment, real estate crowdfunding carries risks, such as market volatility, project delays, or property depreciation. There is also a risk of losing your invested capital if the project doesn’t succeed or the platform goes out of business.
Returns vary depending on the project and the platform, but typical returns range from 8% to 12% annually, though some platforms offer higher or lower returns based on the investment’s risk and property type.
Property management fees typically range from 8-12% of the monthly rent, depending on the level of service provided.
Effective property management reduces vacancies, optimizes rent prices, and ensures that tenants pay on time, all of which directly contribute to improved cash flow.
While managing your property yourself is possible, it can be time-consuming and overwhelming. Hiring a property manager can save you time and ensure the property is well-maintained and legally compliant.
Look for experience, good references, knowledge of local laws, and a proactive approach to maintenance and tenant relations.
Wholesale real estate involves finding discounted properties, securing them under contract, and then selling the contract to another investor or buyer at a higher price. The wholesaler makes a profit by acting as a middleman in the transaction.
Common methods for finding properties include direct mail marketing, networking with real estate agents, attending foreclosure auctions, driving for dollars (searching for distressed properties), and leveraging online property listing platforms or local real estate groups.
A wholesaler’s role is to find undervalued properties, get them under contract, and then assign that contract to a buyer, often as an investor, who will close the deal. The wholesaler earns a fee for connecting the buyer and the property seller.
In most states, you do not need a real estate license to wholesale properties, as long as you’re not representing others in a real estate transaction. However, it’s important to know your state’s laws, as some areas may require you to be licensed pr may have specific regulations on assigning contracts.
Some risks include not being able to find a buyer for the property, miscalculating the property’s value, legal issues with contracts, and the potential for dealing with motivated sellers who may change their mind. It’s essential to conduct thorough due diligence and work with experienced professionals to mitigate these risks.
High-grade appliances, fridges, ovens, dishwashers, trash compactors, etc. But the one thing is having the space for a kitchen island remains the most sought-after features.
Outdoor spaces with high-end features like infinity pools, fire pits, and outdoor kitchens are a must-have for upscale buyers.
Home gyms, saunas, meditation rooms, and spa-like bathrooms are top choices for health-conscious luxury homeowners.
Yes, with remote work on the rise, dedicated home office spaces with high-tech integration are essential.
House hacking is a real estate strategy where you buy a property, live in a part of it, and rent out the rest to offset the mortgage and expenses. In Utah, common house hacking methods include renting our extra bedrooms, purchasing a duplex or triplex, or utilizing an accessory dwelling unit (ADU) like a basement apartment.
The best properties for house hacking in Utah are duplexes, triplexes, fourplexes, and single-family homes with rentable spaces like basements or mother-in-law apartments. Properties in high-demand rental areas, such as Salt Lake City, Provo, and Ogden, tend to provide the best returns.
Yes, Local zoning laws, HOA regulations, and city rental ordinances can impact house hacking strategies. For example, Salt Lake City has specific rules regarding short-term rentals and ADUs. It’s important to check with local city offices or our real estate experts before purchasing a property for house hacking.
Many house hackers in Utah use FHA loans, which require only a 3.5% down payment if the property has up to four units and the owner lives in one. VA loans offer zero down payment for eligible veterans. Conventional loans and Utah-specific first-time homebuyer programs can also be options.
Rental income varies based on location, property type, and market demand. In Utah’s hot rental markets like Salt Lake City and Provo, a basement apartment can be rented for $1,000–$1,500 per month, while duplex or triplex units can generate even more. Researching rental comps and consulting local property managers can provide accurate estimates.
As of 2024, Utah’s median home price is around $500,000.
Typically 30-45 days, depending on lender speed and documentation.
Yes! Lenders factor in your Debt-to-Income (DTI) ratio.
FHA or Utah Housing loans are great options with low down payments.
No! Many loans require as little as 3-5% down.
Improve your credit score, shop multiple lenders, and consider discount points.
Most investors hold properties for at least 5-10 yers to maximize appreciation and rental income.
Market downturns, problem tenants, and maintenance costs are the primary risks.
Creative financing, partnerships, and seller financing can help investors get started with little upfront capital.
Screen applicants based on credit history, rental history, and income stability.
An ROI of 8-12% is considered solid in most markets.
It depends on your availability and expertise. Hiring a property manager can be beneficial for larger portfolios.
Focus on decluttering, staging, and highlighting features that resonate with local buyers, like energy-efficient upgrades or outdoor spaces.
A successful open house is well-marketed, timed strategically, and creates a welcoming atmosphere that encourages buyers to picture themselves living there.
In winter, make sure walkways are clear and cozy up the interior. In summer, emphasize outdoor living spaces and keep the home cool and bright.
Absolutely! While online listings are critical, open houses give buyers a chance to experience the home in a way that photos and videos simply can’t.
Leverage online marketing, social media, and local real estate networks. Highlight unique features that cater to Utah buyers, like mountain views or proximity to outdoor recreation.
Most flips in Utah take 3-6 months, depending on the renovation scope and market conditions.
Areas like Lehi, Provo, and Ogden are hotspots due to their growth and affordability.
Start with cosmetic updates for quicker returns unless you have the resources for structural repairs.
Book contractors well in advance and build long-term relationships for better reliability.
The ideal budget depends on the property’s location and condition but typically ranges from $50,000 to $150,000 for renovations.
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Nancy J.
“[Carl] immediately got us all set up for our first showing on the Fourth of July weekend… That Sunday it was sold. Carl [is] very professional, confident, and friendly. Near closing, the buyers had a problem arise which was out of their control and the situation become very complicated. Carl assisted us almost daily for over a month… I really appreciated his concern and efforts and did not worry about the situation knowing he was in charge.”
Gary & Gloria
“Just a note to let you know how much we appreciated the help you gave us in selling our home. Thanks for your patience and conscientiousness. Your honesty and forthrightness helped us see how we have to fix up our home and price it right… We feel it was a ‘win-win-win’ situation; for us, the buyer and you.”
Julie S.
“We decided to work with Carl instead of the agent we had been using [previously]. This turned out to be one of the smartest decisions we have ever made… We were extremely impressed with Carl’s quick follow-up and constant contact with us, keeping us informed of everything that was going on… We had many obstacles in our way and without Carl, we would never have made it… I am convinced that this would not have happened without Carl, I highly recommend him every chance I get.”
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