House Flip in Des Moines, WA

[Doug Karkow]

My former neighbor was 99 yrs old before she recently passed away and her heirs reached out to me to see if I'd be interested in buying her SFH in Des Moines, WA. At this time, my contractors are tied up with other projects so I'm hoping I can work something out with another investor. Here are a few details:

- Single-family home built in 1962. Only one owner who maintained it well but hasn't updated it.
- Split foyer frame with 2 bedrooms upstairs but there's plenty of room in the lower level for up to 2 more (as well as a bathroom). Basement windows are already egress sized.
- Homes in the neighborhood typically sell for $400k-$450k depending on finishes.
- Professional inspections (home and sewer scope) have been performed and most of the renovation work would be cosmetic to update the home.
- I have a personal relationship with the family and direct contact with the heirs who wish to sell it. They wish to cash out, so no real potential for seller-financing.

If any house-flippers are interested, please PM me for more details including pictures and inspection reports!