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Updated over 7 years ago on . Most recent reply

User Stats

47
Posts
17
Votes
Stuart Fox
  • Investor
  • Salt Lake City, UT
17
Votes |
47
Posts

Washington state flip

Stuart Fox
  • Investor
  • Salt Lake City, UT
Posted

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $120,000
Sale price: $167,000

I bought this flip in Washington state.

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

Solid flip

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

Previous rental

How did you finance this deal?

Private lender

How did you add value to the deal?

Fixed up the home

What was the outcome?

Sold on the MLS

Lessons learned? Challenges?

Good to buy and rent a place for 2-3 years then sell it

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

I worked with Todd Bunger of Sotheby's in Spokane WA

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