Michael & Catherine Garff | Investing in Salt Lake City

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Michael & Catherine Garff | Investing in Salt Lake City

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About this listen

We have Mike and Catherine Garff from Garff Group Realty, who started investing in real estate when they purchased their first home. In this episode, we talk about house-hacking, why foreclosures aren’t a good deal anymore, why you want to be the first in line for a buy, and why you should be open to buying so you don’t miss investment opportunities. You can use a previously purchased home as collateral when purchasing a second home. When you invest with this process, you can typically get a second home loan for less than 4% down as an owner-occupied home gets better interest rates than an investor home. “I would never own a home I’m not willing to live in, even for a rental property.” When choosing a property to purchase for use as a rental property, she pictures herself living in the home. “I think the way I look at it is a little more personal to me,” says Catherine.

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