There are some very unique real estate investment opportunities for the right investor in the Salt Lake area. These investments are for someone with a 15 year buy and hold strategy. In the Salt Lake area there are several different properties that are classified as tax credit properties. There are currently a couple different townhome projects where you can purchase townhomes build in the 1990’s for anywhere from $84,000-$99,000 with a current market value of anywhere from $150,000-$170,000, but there is a catch.
You need to maintain these properties as low income housing until the tax credit expires around 2023, however the properties will continue to be rented out to low to moderate income renters paying anywhere from $750-$950 a month. After the tax credits expire and renters move out you can sell the properties at full market value. This is a great opportunity to add properties to your real estate portfolio at a great price with huge potential to appreciate.
Contact waterbroker@gmail.com for more information
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