All Forum Posts by: Viktor R.

@Kim Webster. Thanks correct. It flew off the self!

@Tanya Gruell. Thank you for recommendation. I'll be sure to contact them.

I am looking for a good general contractor recommendations for an SFR rehab project in Spokane. The house requires a small to mid size rehab. The financing is ready and we want to begin work immediately.

Regards,

Viktor

Assignment for Sale:

The house has been vacant for a while. The pictures are the best representation of the condition. Please see below. Buyer to complete their own due diligence.

Address: 11124 59th Ave S, Seattle, WA 98178

3 bed 1.5 bath

1,040 sq. ft (possibility expandable to more)

1.5 stories

ARV: $290,000- $320,000

Repair estimate: $50,000- $70,000

Contract available for: $150,000

For Pictures Click Here 

You can contact me at [email protected]. Thanks for looking.

A BPO is EXTREMELY dependent on the agents background. If the agent does not deal with real estate investors then you have a better chance of getting a value using zillow, redfin, trulia, homes, etc. You can think of a BPO as a starting point or a range. If you're going to use a BPO, at least use two and make sure to verify the information yourself once you get the report. Verify the comparables are in like conditions. I found that BPO agents do not use like condition and mainly focus on like property and location. For an investor, the condition of the house is everything because it will determine if it's a good deal or not. Therefore make sure the BPO has like condition built into there "opinion". Remember it's an opinion. You're the investor and it's ultimately up to you to make the decision.

This is a large corner lot in Tacoma that needs a flippers touch. It's currently under contract and occupied by owner. To get a good idea of the house, take a look at the pictures.

Pictures for 4414 S Sheridan Ave

County assessor value: $184,800

As-Is value: $170,000 (confirmed by BPO and available upon request)

After repair value: $ 215,000- $230,000

Repairs $25,000- $30,000

Questions on this property message me or call email [email protected] or call 425-374-4502

@Ryland Taniguchi is absolutely right. There is not need to double close in the state of Washington. There are very extreme situations you'd encounter in order to do a double close such as original seller doesn't want a third party ( this can be mitigated with some negotiation), you don't want the original seller and end buyer to know how much you're making, and you want to loose a lot of money. Increase your profits and assign the contract. A great way to explain to the original seller is that you need to use another investors money in order to complete this transaction and that amount will be shown during closing. How you fit in is that you work with a network of investors that you partner with and during closing their name will appear on the HUD statement. I hope that helps.

Located South of Seattle In Spanaway. This house is a major rehab with bigger problems comes bigger profit. This house is under an assignment.

• ARV $165,000- $175,000
• Profit potential $30,000
• Cost of repairs to be varied by buyer. Here is a quick summary of the repairs:
  • Please see pictures for bigger understanding
  • Kitchen cabinets
  • new carpet
  • new interior paint
  • electrical
  • plumbing
  • carpet
  • Hand rail for stairs
  • Landscape work
  • Tear down of two sheds
  • Needs new roof
  • Good news is septic has been certified 1 year ago

  Please contact me at [email protected] and 425-374-4502. You can also reach my business partner Alex at [email protected] or phone number at 206-734-4845. Thank you.

163rd St. S, Spanaway, WA 98387

This house is available as an assignment. Price listed includes assignment fee. This house is walking distance to Spanaway Lake. It's currently vacant. It’s actually 1.5 stories with a large room upstairs. If you are a serious investor please look at the numbers.

• ARV $165,000-$175,000
• Profit potential varies based on your estimated repair cost. Rough estimate is $30,000- $40,000
• Cost of repairs to be varied by buyer. Here is a quick summary of the repairs:
  • Kitchen cabinets
  • new carpet
  • new interior paint
  • electrical
  • plumbing
  • carpet
  • Hand rail for stairs
  • Landscape work
  • Tear down of two sheds
  • Needs new roof
  • Good news is septic has been certified 1 year ago
Please contact me at [email protected] and 425-374-4502. You can also reach my business partner Alex at [email protected] or phone number at 206-734-4845. Full address available upon request. Thank you.