With another 4.5% rise in home values projected for 2017*, coupled with a strong rental market and positive job growth, Utah's market is quickly becoming a hub for investors seeking an opportunity to diversify their portfolios. Patch of Land has compiled portfolios of investments throughout the Beehive State.
*Source: Zillow
With vacancy rates trending downwards—sitting at 5.2% as of 2015—and an economy on the rise, Utah has become a great option for investors looking to get in to the rental sector.
Sources: The Salt Lake Tribune, Trulia.com
The key driving force behind Utah's successful real estate market is its growing economy. Tech companies are looking to areas like Salt Lake City and Ogden as an affordable alternative to Silicon Valley, with the industry expanding by 25% in the past 5 years. Additionally, the financial sector is up 19.9% since 2010, with an impressive growth rate of 6.2% in just the last year alone.
Sources: Forbes, Jones Lang La Salle
This prefunded portfolio offering includes eight properties located throughout Utah, in Salt Lake City, Ogden, and Marriott.
The properties are rented at a 100% occupancy rate, and generates a monthly rental income of $10,275.
✔ | Stabilized Portfolio |
✔ | Strong Market Projections |
✔ | 100% Occupancy Rate* |
✔ | Experienced Borrower with Strong Track Record |
This prefunded portfolio offering includes nine properties located throughout Utah, in Salt Lake City, Ogden, Murray, Clinton, and Magna.
The properties are rented at a 100% occupancy rate, and generates a monthly rental income of $11,525.
✔ | Stabilized Portfolio |
✔ | Strong Market Projections |
✔ | 100% Occupancy Rate |
✔ | Experienced Borrower with Strong Track Record |
This prefunded portfolio offering includes eight properties located throughout Utah, in Salt Lake City, Ogden, Brigham City, andn Tooele.
The properties are rented at a 100% occupancy rate, and generates a monthly rental income of $13,825.
✔ | Stabilized Portfolio |
✔ | Strong Market Projections |
✔ | 100% Occupancy Rate |
✔ | Experienced Borrower with Strong Track Record |
This prefunded portfolio offering includes eight properties located throughout Utah, in Brigham City, Clinton, Layton, and Tooele.
The properties are rented at a 100% occupancy rate, and generates a monthly rental income of $7,825.
✔ | Stabilized Portfolio |
✔ | Strong Market Projections |
✔ | 100% Occupancy Rate |
✔ | Experienced Borrower with Strong Track Record |
The borrowing entity is a real estate company with over a decade of experience. As a leading industry expert, they have dedicated themselves to perfecting effective real estate management strategies with investor returns in mind. Their fully-equipped staff includes 5 General Contractors, each with a 7-10 man crew to perform renovation and property management.
The borrowing entity chose Utah because of its unique mix of affordable housing combined with a strong performing economy. Salt Lake City is home to more than 20 Fortune 500 companies and is ranked one of the top 10 metro GDPs in the global economy.
The personal guarantor and director of the borrowing entity is an experienced real estate entrepreneur who has been active in the industry for the past 15 years. With a focus on strategically acquiring, fixing, and reselling residential single family homes, he has purchased, renovated, and sold 97 properties within Utah. He currently has a portfolio of over 200 properties which he owns and manages.
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