All Forum Posts by: Doug Orchard

@Brian Bradley thanks for the information😀

@Greg Grant Thumbs way up! Congratulations on continued action and aggressive outlook. All the best.

Seattle WA

Hello all, 

I have found a Rehab project property which has an existing Tri _Plex which needs gutted to the studs and 

rehabed. My ballpark is 125 k, I was a contractor for 22 yrs and that figure is off the cuff. 

the property also includes a buildable lot which the realtor believes could sell for 325 to 425 K  depending on 

our prep, whether we get permits and plans for it.

The tri-plex has not had anyone living in any units since before 2015 when the seller paid 425 for it

there is 900 square feet of unfinished space which I believe we could make into a fourth unit.

The realtor says if we make a four plex out of it and do it nicely it could market for 1 to 1.5 million

plus the lot. 

The property has been on the market for 45 days and the seller has not had any offers he told the 

realtor he is very motivated and to bring him any offer.  Listed at  $729,888 

Massive opportunity here?

I was a contractor for 22 years and though I am not willing to swing a hammer I am very familiar with 

what needs to be done.

I took a few pictures and videos.

A four story senior care center is going in kitty corner from our property and the realtor says there is 

a chance at a zoning upgrade.

I am a novice but it looks like this could be a home run. I am looking for a seasoned investor who 

will give me a piece of the pie to work with him on the project.  Best Case or just buy it wholesale and

pay me a finders fee of 5% the sale price.

Please respond here if you are interested. Thanks you.

@Henri What a GREAT job ! Congratulations on all your results, I appreciate you sharing your experience very much.

@Abner Gomez What condition is your current house in? Can you start with a rehab or addition on it? My house has appreciated a lot in three years but if I put 30k in it I could add 100k or more to the value.

@Ty Frankel :( bummer

@Russell Brazil. Thank you. Your sentiment is what I would expect from most of the users of the forum as they tend to be positive successful people. On the other hand twitter and GAB are so rampant with negative attacks at every turn I won’t even go there. Which is good for me because I learn a lot more hear. Cheers.

I have always heard the old saw worst house in the best neighborhood. Did you do any comps for the ARV? What will the new homes be selling for? I only own one home so no expert yet I imagine the new homes would boost your value. Last home I sold has increased unbelievably as the whole surrounding neighborhood went from b scale to a + with lots of new high priced houses.

@Jonathan A. Not 100k worth I don’t imagine. Best bet is show them everything and figure out what you have to do to stay out of court.