Hello BP members in the Puget Sound region! Who is investing in Kitsap County?
My business partner and I are finding a lot of off market properties in the Kitsap County area: Bremerton, Belfair, Port Orchard, Poulsbo, Silverdale, Kingston, and the surrounding areas. My question to you is, what as investors in these markets has worked for you, and what has not?
I typically use $30/sq.ft to estimate fix up costs. Would that work for you in Kitsap?
Mobiles.... too much work? Or are they worth it?
Would love to connect with you either way. Please PM me if you would like to discuss further. Cheers!
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Hi Brian, I invest in Kitsap and do quite a few remodels. I used to use $30/foot as a decent ballpark figure for renovations, but it seems like renovation costs have gone up quite a bit, $40-50/ft has been the new reality lately, but of course it's tough to put a 'per-foot' number on any particular project because everything is unique.
Mobiles on their own land can be flipped, just pay attention to the age, anything before 1976 will pretty much have to be sold on a contract or to a cash buyer.
Hi @Mike Sumsky ,
Thanks a ton for that! Its super helpful.
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