Washington House Hack

[Gerald Renoe]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $315,000
Cash invested: $30,000
Sale price: $419,000

House Hack. I did all of the landscaping myself.
https://www.redfin.com/WA/Tacoma/8716-46th-St-W-98466/home/2801957

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

I love to transform houses into something special. Houses should be investments not liabilities. I love landscaping.

How did you find this deal and how did you negotiate it?

MLS - Agent. The owner was motivated. Did not have to negotiate, the price was right for the market.

How did you finance this deal?

Traditional 30 fixed.

How did you add value to the deal?

Did all the landscaping myself. Staged it myself. Painted inside myself.

What was the outcome?

We sold in 48 hours in a market where everything around us was sitting 90 days or more.

Lessons learned? Challenges?

House hacking works!