Rental Property Investor · Salt Lake City, UT · Member since 2016 · 23 posts · 6 votes
I am looking to buy a property ASAP with an assumable mortgage (usually VA or FHA). Send me what you have or can find! Can be single-family or 2-4 unit property in Salt Lake County! Wholesale, sub-to, or wraparound situations could work too. Criteria:
Salt Lake County
Gap between loan balance and asking price under $200,000
Interest rate below 5%
At least 3 bedrooms and 2 bathrooms
Especially focused on properties that work as investments (ADU, multi-unit, excess land, etc.)
PITI below about $5,000.
Looking for a relatively good value and the potential to use as an investment during and after the time I live there. I am not VA, but non-veterans can usually assume VA loans. I am prequalified and have the down payment ready to go!
Salt Lake City, UT · Member since 2018 · 219 posts · 182 votes
3y
@Daniel Holbrook
We have a horse property in West Jordan that almost meets this criteria. It has a mother in law with separate entrance as well. It is single family, however last I checked, 5 unrelated individuals can live in a single family in West Jordan. We have always rented each level separate but kept it under the 5. I just gave tenants notice to be out end of October to list the property. You are welcome to message if you want more info on it.