Fix and Flip in Seattle

[James Dainard]

Investment Info:

Single-family residence fix & flip investment in Seattle.

Purchase price: $147,000
Cash invested: $85,000
Sale price: $580,000

Mid-century rambler with tasteful updates. The classic layout was a hit with multiple potential buyers, as well as the updated kitchen with all the modern design elements that buyers were looking at, at the time.

What made you interested in investing in this type of deal?

Ramblers are always a safe bet. They're one of my favorite remodels to do because I know they're always going to be a good investment, people love the layout, light updates can quickly elevate the resale value.

How did you finance this deal?

I used a hard money loan from Intrust Funding.

How did you add value to the deal?

Some parts of this rehab ended up being a to the studs remodel. The kitchen was completely ripped out and redone, all of the floors are new and fresh paint all around!

What was the outcome?

The outcome was great. I was very happy with the sale price, I was able to stay on budget and then sold the house for the same as the estimated ARV.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Intrust Funding