BAP Blog Build Wealth With Real Estate, by Kathy Opolski, Greater Salt Lake City/Park City Real Estate Expert
Build Wealth With Real Estate, by Kathy Opolski, Greater Salt Lake City/Park City Real Estate Expert
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October 16, 2009, by Kathy Opolski

Investing in Real Estate can be a great way to build wealth.  Of course, like any investment, there are pros and cons.  To invest in real estate requires a time commitment and a bit of risk.  However, the rewards can be great, according to real estate expert, Kathy Opolski, of RE/MAX Associates.


Real estate is not a "get rich quick" scheme.  With careful research and investment overtime real estate can appreciate in value and bring the owner profit.  Many real estate investors use the equity gained in previous investments to purchase more real estate over time, which further builds their portfolio and overall wealth.

Some properties are better suited for real estate investing than others.  The best way to find properties to invest in is to work with a real estate agent that specializes in real estate investing in the Greater Salt Lake City/Park City area.  A savvy first time buyer can become a real estate investor with the right property.  A well chosen first house can appreciate after several years.  Rather than selling that first house, a first time homeowner can use the equity to purchase a second home to live in and rent out the first house.  This cycle can go on and on in which case the homeowner becomes landlord as they build real estate wealth.

Another way to build wealth through real estate is with multi-unit housing such as duplex   and triplex units.  The benefit of starting out with a multi-unit house is the other unit(s) can help pay the mortgage costs for the homeowner.  This in turn will accelerate the build up       of capital to buy the next piece of real estate.  At that point the home owner's unit can be rented out and the homeowner can move into their dream house.  Throughout the process   of investing in real estate, a professional real estate agent is an invaluable asset to the investor.  Agents and brokers know the market and trends and can help the investor choose the best areas to purchase real estate in the Greater Salt Lake City/Park City area.

There is a lot of free information available to you about buying, selling or investing in Greater Salt Lake City/Park City real estate. For complete information about the Greater Salt Lake City/Park City real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Greater Salt Lake City/Park City real estate at www.KathyOHomes.com. Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at 801-518-4599 or email me at kathyo@kathyohomes.com.

For a FREE Weekly List of Homes for Sale in Salt Lake City, Holladay, UT and surrounding areas, you may fill in the form below and you will see homes as they get listed if they fit the profile you have given.  You will get all the hot listings as they come up even before most agents see them!

Just fill in the form below with your correct name and e-mail address and we will e-mail you the list.

You may specify in the comments box if you have a particular interest in Holladay foreclosures, or Salt Lake City HUD homes for sale, perfect for investors.

If you or someone you know are in need of a competent and caring real estate professional in or near Salt Lake City, Utah , I hope you will contact me.

 

 

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