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Updated over 1 year ago,
OREM UT - Looking to Sell My Single Family Rehab Project to an Investor
Hey all! I bought this 6 bedroom 3.5 bath home (3188 sqft) in Orem, UT back in 2021 as an owner occupied that I was house hacking while fixing it up. I've started my own digital marketing agency and need some cash to get that business up and going so I am interested in selling my home to an investor who is looking for a rehab to finish. I've remodeled the interior, (new texture, paint, doors and baseboard/trim throughout the whole home). The main items left are on the outside of the home, the roof needs attention and the yard needs to be landscaped as well too. The home is located only a few blocks from both Utah Valley University and also from I15 freeway exit. It is also fully rented out to college students right now who are on month to month contracts and brings in $3350 a month in rent. I've enjoyed this project but really need to narrow my focus to just my business and also need cash for it so that is why I'd be willing to sell it off market to an investor who is looking for a rehab to finish. I'm looking to sell this off market because I don't want to go through the process of having to do home showings and disturb my tenants by listing it with a realtor, and it's not quite there yet to be worth listing on the MLS, but the majority of the rehab has been done. Also, for a private lender instead of selling, I would be interested in using the home as collateral for a second mortgage. I tried getting a 2nd mortgage from the local banks but because I'm no longer a W2 employee they declined me for not having long enough self-employment history. Basically I'm just trying to find creative ways to use my home to get some cash that I can pump into my business. I'm open to hearing any offers.
Here's the link to some photos of the work I've done both before and after
https://drive.google.com/drive...
https://www.facebook.com/brand...
And here's the link to Zillow for help with running numbers