All Forum Posts by: Annie Johnson

I just posted a zoom meet up for January 1st. We meet every first Friday of the month. If you can’t find it I will send you details in a message:-)

Every first Friday of the month we host a meet-up in north Seattle. This January we will be hosting over zoom. This event is from 5 pm-7 pm. All are welcome! Get comfy, grab a drink, and join us!

@Will Fraser

My family and I have plans to house hack in Seward AK

See you guys at 5!

 We have a friend do it. 

thank you!

We invest near Jamestown. My husband grew up in Gerry, NY, and knows what areas to avoid and the areas that are desirable to live in. Message me. Id love to talk more :-)

The home was only 4 years old when we purchased. No rehab to the home. Just the clearing of trees and making a bigger yard with a fence. Thanks for your kind comment Bonnie!

Investment Info:

Single-family residence buy & hold investment in Poulsbo.

Purchase price: $235,000
Cash invested: $10,000
Sale price: $450,000

Bought our first family home planning to stay forever. Logged the property and made $5,000 and got our property cleared. We built a fence. Decided to list the home and move and were not happy with the list price so we rented it out for 12 months. That is when we first heard of Bigger Pockets. The property value went way up during the year. We split our 6-acre lot into two lots. Sold the home for $340,000 and the second lot for $115,000. The best deal we have made yet and we were not even trying.

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

We were not planning on investing

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

We found it on zillow for our first family home.

How did you finance this deal?

Hud 184 loan

How did you add value to the deal?

Split the property and sold it two separate lots

What was the outcome?

Made over 200k

Lessons learned? Challenges?

Most people won't put in the work. The work can make you a lot of money if you try.

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

Cathrine Arlen (Agent) was phenomenal. She actually recommended us to rent our home and changed our lives. Gambel Bay Timber was great to work with as well.

Investment Info:

Single-family residence buy & hold investment in Poulsbo.

Purchase price: $235,000
Cash invested: $10,000
Sale price: $450,000

We bought our first family home- a 3 bedroom newer manufactured home on 6 acres. Not knowing we could make money renting it or having any plans to sell it we logged the property and made $5,000. We took some of the money to clear stumps and build a fence. We were ready to sell but were not happy with the price our real estate agent wanted to list it for ($275,000) so we decided to try renting it out for a 12 month lease! That is when we first heard of Bigger Pockets. Rented it for a year and the price went way up. Split our 6-acre lot into two lots. Sold the home for $340,000 and the second lot for $115,000. The best deal we have made yet and we were not even trying.

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

We were not planning on investing

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

We found it on zillow for our first family home.

How did you finance this deal?

Hud 184 loan

How did you add value to the deal?

Split the property and sold it two separate lots

What was the outcome?

Made over 200k

Lessons learned? Challenges?

Most people won't put in the work. The work can make you a lot of money if you try.

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

Cathrine Arlen (Agent) was phenomenal. She actually recommended us to rent our home and changed our lives. Gambel Bay Timber was great to work with as well.