All Forum Posts by: Justin Case

I do not tell anyone. I work in business with primarily people older than parents and one time I mentioned I had a boat in conversation and they would not let that go.

Rhonda,

I am near you. Message me the address. I will analyze. I know the Seattle sale and rental market area very well.

discover card all the way. Cash back. 5%

I am up big in Sweet crude oil and Nat gas this year. Trading commodities.

I have looked at similar ideas of a vacation condo.

I would pass and just rent the few weeks a year. At least for a few years.

Get out of the mutual funds and learn how to manage your own money.

Seattle Section 8 rent is $350/month below market rent.

I past on this as the property was way over priced for the work needed. It went pending shortly after.

Here in Seattle you have to pay a premium for the fixers upper. People are willing to pay the extra money to design it their way. When complete all the costs put the home just at or below market value. This is for the most part, there are some wholesale deals but they are very rare and are usually tear downs for new modern construction.

I am going to walk through with a contractor Monday.

I researched and a flipper in the area has flipped several similar houses in the area doubling his money.

I am looking for new place to live closer to work and I would rent it or sell in four years.

I just looked at a 1700 sqft SFR I saw on the MLS in an ideal location. It is 1920's all original one owner estate sell, agent said very motivated.. I would fix it up like a flip and live in it. The relative is living in it now and it is clean for what it is and bathrooms are falling apart since it is original , it needs complete gutting.

Would you replace the oil heater with gas?

Take out the fireplace? It is in the middle of the main floor.

Tear down lath and plaster walls and replace with drywall?

Is it bad to buy an investment house where the side of the house is on a main arterial. I could put a privacy fence up.

List price is $134 sq ft and pro Appraisal is is at $230 fixed up (low end). I just had an appraisal on my investment property two blocks away so I know this.

Its just above the 70% rule in the city. I would offer the 70% rule price.

Once fixed and if rented would rent for $2K month easily.

This seems like a good deal by the numbers and but I am wondering why no one has made an offer with so many flippers in the area?

Thanks.

Called another plumber today. He fixed the cartridge and the drip stopped. The first plumber did not install the set springs correct and the cartridge was not perfectly aligned. Should I call let him know and ask for my money back? He charged $300.

The new second plumber only charged $90 and took only (20mins) 1.5hrs less.