All Forum Posts by: Brock Anderson
Brock Anderson has started 2 posts and replied 5 times.
Post: Gas water heater alternatives
- Contractor
- Lehi, UT
- Posts 5
- Votes 1
@Peter Morgan Depending on the cost of gas vs electric you could install an electric water heater. However, typically a gas ware heater is more economical.
Appreciate the advice!
So just in the last few months, I've began to read about and become interested in real estate. Right now I live in Utah. I live in a house that I paid $195,000 for back in 2012. It just appraised for $242,000. I owe $160,000 on it, with monthly payments being about $870. I could easily rent my house for $1300 a month. My question is what step should I take next? Should I sell my house, and take the money and go buy another? The worry I have with this is that the market is very high right now where I live. Should I stay in my house, and eventually move out and rent it? Or should I sell my house, buy a duplex live in one side, and rent out the other? Again the problem with this, is that the housing prices are really high right now in Utah. Any insight would be very much appreciated. Thanks in advance.
Post: Getting into the real estate business?
- Contractor
- Lehi, UT
- Posts 5
- Votes 1
Also how do i know if a duplex is worth the price?
Post: Getting into the real estate business?
- Contractor
- Lehi, UT
- Posts 5
- Votes 1
So i'm wanting to know what I should do. I currently own a home that I live in . I have roughly $50,000 in equity in this home. I want to start purchasing rental units. But how should i go about it? Should i sell the home i'm living in now and buy a duplex and live in one half? Any help would be appreciated. Thanks in advance.