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Updated over 7 years ago on . Most recent reply
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In need of Real Estate Agents in Utah County
Hey all,
I am looking to purchase a duplex or SFH that I can get creative with (live in the basement, etc.) for househacking in Utah County. Currently looking at the Orem/Vineyard/Lehi/American Fork/Saratoga Springs areas.
To be clear on house hacking - I plan to use this rental as my primary residence and either rent out the other unit or other bedrooms if it is a SFH. I am willing to buy a property that is mildly distressed and put sweat equity into it if it is still rentable when I purchase.
I know these types of deals are harder to find with our hot market but I am determined to make it happen and need a stream of leads coming in that I can analyze on a daily basis.
I am primarily looking for cash flow & cash on cash return but also taking into account areas with potential long-term growth & appreciation.
Any feedback would be great as far as what neighborhoods/areas I should primarily focus on and how I should go about looking for this type of investment (cold calling motivated sellers, driving to find distressed properties, etc.)
Would love to connect if you are an experienced agent in the area and are also an investor!
Cheers,
Nick
Most Popular Reply
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That shouldn't be too hard to find if you're going to owner occupy. You can have a different ROI tolerance than the typical absentee landlord based on your interest rate alone. There are lots of SFHs on the market, just check your zoning as a lot of landlords are dumb and buy a SFH thinking they can put 5 or 6 singles in it. Any agent with MLS access can set you up on a hot sheet to push to you listings that come on the MLS. That will give you the daily stream you're looking for.