All Forum Posts by: Viktor R.

Flip Deal In a Terrific Spokane Neighborhood

11705 N Howard Ct, Spokane, WA 99218 is a single family home built in 1974. This property was last sold for $199,900 in 2005 and currently has an estimated after repair value of $230,217. It located in the best school district in Spokane with Brentwood Elementary School (9/10), Northwood Middle School 9/10) and Mead Alternative High School (9/10). Once repaired, the house will sell very quickly.

Property Information

Bedrooms: 3 (basement has 2 bedrooms. Once windows added, property can be considered as 5 bedrooms)

Bathrooms: 3

Square Feet: 1,499 (once basement is brought up to code, sq. ft. can be increased)

Year Built: 1974

Stories: 2

Link: http://www.realtor.com/realestateandhomes-detail/11705-N-Howard-Ct_Spokane_WA_99218_M27933-66442

Comparables

ARV $222,000 $235,000

1. 12104 N Washington St, 3/2 1752 sq.ft, $237,000
2. 11913 N Atlantic St, 4/2 3026 sq.ft., $217,500
3. 315 W Chatham Ct, 4/3 2650 sq.ft. $239,000

Rehab Estimate

$25,000 (Buyer to verify their own rehab)

Purchase Price

$160,000

Estimated Flipper Profit

$18,000- $20,000

I'm looking for a real estate agent that can list my properties, determine ARV, and as-is value. Please let me know if you are interested. Thank you.

@Jay Hinrichs, take a look at the email I sent you and let me know what you think.

Thank you all for showing interest into the deal. Please let me know if you would like to visit the property by emailing me.

@Justin Peila . Take a look at my post. The address is in the description. 5611 S J St, Tacoma, WA 98408.

Great investor house available in Tacoma. This can be your first flip because the entry point is so low. The house is currently vacant and it can only be viewed by appointment by one of our team members. Renters trashed the house and the house is priced to sell quickly.

House information:

1 bed 1 bath

1 story

Year Built 1931

https://drive.google.com/drive/folders/0B_TcOet0ge4RWWxGVV85dkhWUzg?usp=sharing

$99,900- $110,000

Comparable sales

$99,900 5930 S Sheridan Ave; 1 bed /1 bath, 500 sq.ft

$109,900 5814 S G St; 1 bed/ 1 bath 632 sq.ft

Repair Estimate

$15,863

Could be lower if you are willing to put the effort yourself.

The deal is available at $54,999. The house will go to a cash buyer who is most qualified and with the highest and best offer.

*Disclaimer: This deal is available as an assignment of contract. 

THE PRICE JUST DROPPED!!! TO $265,000. WE NEED TO MOVE THIS DEAL TO A GREAT FLIPPER.


Assignment of contract for sale. This house is situated in a hot market of Piedmont, Portland, OR. This house needs work and a good clean up job. The house is occupied and only available to be viewed via appointment.

Property information:

-2 bed 1 bath = can be converted to 3 bed 1.5 bath, buyer to verify. this is where the money is. Don't keep it as a 2/1

-854 sq.ft this only includes the top floor and not the basement. My estimate is total sq.ft is 1200

Year built 1941

1.5 stories

I've included a link that shows all the pictures that you need as well as a property profile and comparable sales. The data provided is for informational purposes only. Buyer to verify all information to their satisfaction.

Here for more information can be found here: 

PROPERTY PROFILE & PICS

https://drive.google.com/open?id=0B_TcOet0ge4ROWRj...

-Assignment available for $265,000 which includes wholesale fee
-Repair estimate: $35,000- $40,000
-ARV $405,000-$425,000

@Jay Hinrichs & @James Propeck . Thank you for showing interest in this deal. The property has become available. Please contact me for further details. Thank you so much. It would be best to email me at [email protected]. Thank you and I look forward to hearing from you. 

@James Propeck, the deal is currently on hold but when it becomes available I can discuss it with you. Send me your phone number and we can chat.

@Jay Hinrichs. Will do.