Need a REALTOR® for your
Salt Lake City area investment property?
OutofTownLandLord connects you with the Salt Lake City area’s very best property investment specialists. A licensed, experienced, dedicated REALTOR® who will deliver stunning results and stellar service. Learn about the REALTOR® and the Salt Lake City area market below.
Steve Theobald, REALTOR®
Salt Lake City Area Investment Specialist
Counties: Salt Lake, Utah, Davis, Weber, Tooele
Cities and Towns: Provo, Orem, American Fork, Lehi, Tooele, Stansbury Park, Bountiful, Layton, Clearfield, Roy, Ogden. Sandy, Cottonwood Heights, Salt Lake City, Murray, Midvale, South Salt Lake, Taylorsville, South Jordan, West Jordan, West Valley City, Magna, Bluffdale, Riverton, Herriman, Kearns Rose Park
Licensed Since: 2012
Company: Keyrenter Salt Lake
About Steve Theobald
I got started in real estate in 2006 helping people who were facing foreclosure. My goal was to help them stay in their homes. I caught up their mortgages and put them through credit repair. Unfortunately, some continued to miss payments and the homes became my responsibility. And so I became a rehabber!
I really enjoyed remodeling, and I have since done about 30 rehabs. My rehab experience comes in quite handy as I deal with investors looking for flips and rentals. I can easily put on my "vision goggles" and see past any disrepair — and I have lots of ideas to share. ("Hey, let's move that wall!")
Just like I tried to truly help the pre-foreclosure owners, I love to share what I know to help my clients succeed and buy not just one property from me, but many. I think true service is becoming rarer in the USA.
I became a Realtor in 2012 and have since closed about 90 deals. 80% of these have been with investors both buying and selling. Because of my deal finding success, ironically, many of my clients are also real estate agents who do flips and rentals themselves. I am truly an agents' agent!
I work with a broker who has extensive property management experience, and I have successfully helped many of his owners find additional "doors." Each day I use over 1600 data points help me identify ALL the single family homes and multi-family homes in the surrounding counties to find the very best cash-flowing and yield-returning deals. Related to this, because of my experience, I am able to get impeccably close on rehab costs by simply looking at the pictures. "Blind offers" are much more common now. The market is moving very fast right now, and you have to hustle. I make between 5 and 10 offers per day for investors, and I'd love to help you too.
Sometimes the owners need to sell, and I help them liquidate for top dollar when the time is right for them to do so. My listing to sales price ratio is 98.9% with 63% multiple offers. Just know that I can help on both ends with professionalism and the ability to negotiate the best deals for my clients.
Utah is often ranked highly on lists of areas to invest in, and I'd love to be on your team.
About the Salt Lake City Area Market
Realtor.com says Salt Lake City is the "#1 Trendiest U.S. City Where You Can Afford a Home." They surveyed 6 things:
- Number of foodie hot spots
- Number of bike shops
- Number of yoga studios
- Number of cultural outlets
- The increase in the population of 25- to 34-year-olds
- Housing affordability
Forbes.com says Salt Lake City is the #5 fastest growing population and economy with a 1.1% population growth and a 1.4% economic growth rate. And Ogden, Utah is #6 with a 1.6% population growth and 1.4% economic growth.
Zillow.com said Ogden is #6 and Salt Lake #7 in the nation for home sales after analyzing income levels, unemployment, and forecasted appreciation of homes.
Adweek recently did a story about Utah becoming the "Next Tech and Creative Hub." The tech sector growth around Salt Lake City is just amazing. It is becoming a true little sister to Silicon Valley in California, and everyone calls it "Silicon Slopes" because of the great skiing along the Wasatch Front. There are at least six companies valued at over $1 billion in the area. The article said that the many universities are ". . . creating a highly skilled, digital native workforce." The population is family oriented and generally well known for wholesome lifestyles; the CEO of a 300 person e-commerce company reported, "I haven't seen a single hangover." There are now over 4,300 tech companies in the area. Venture capital funding in Utah increased to $800 million by 2014. The arts in the area are very strong. Utah added 46,000 jobs last year and has just 3% unemployment (50% of the national average).
What else can I say? The experts have already nailed it.
The downside for investors, thanks to the hot economy, is that finding good deals is harder than it was in 2012. Fortunately, I am on the hunt! The deals are still there, but they are currently like a needle in a haystack.
Please let me hunt for you too.
Free Report: Demographic and Housing Data on the Salt Lake City Market
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