All Forum Posts by: Vadim Babets
Vadim Babets has started 9 posts and replied 23 times.
Post: Fix and flip in NE Tacoma
- Contractor
- Tacoma, WA
- Posts 23
- Votes 7
Yes it’s listed active: https://www.redfin.com/WA/Tacoma/6627-20th-St-NE-98422/home/2937721
Post: Fix and flip in NE Tacoma
- Contractor
- Tacoma, WA
- Posts 23
- Votes 7
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $280,000
Cash invested: $45,000
Fix and flip in NE Tacoma Purchased on November 1st, listed for sale February 28.
How did you find this deal and how did you negotiate it?
MLS listed 300 offered 275 purchased 280k
How did you finance this deal?
Hard Money 10% down. @ 2 points and 12%. 5 month loan.
How did you add value to the deal?
Complete remodel new floors, cabinets, tile, paint, lights, doors and garage door, millwork, deck.
Lessons learned? Challenges?
DONT use hard money loan with 5 months term, my loan about to expire and I'm freaking out because rate will jump to 24%
Post: RedFin Vs Other agents
- Contractor
- Tacoma, WA
- Posts 23
- Votes 7
Listing flip house
I used RedFin to sell my house and absolutely loved smooth process and 1% listing fee however they don’t list on Zillow. Now I’m selling a flip house wondering if I should list with another agent who also will charge 1% list fee and list on all sites but I know his pictures are not as good as Redfin