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Flipping In Grays Harbor, WA
Does anyone have any experience flipping houses in Grays Harbor,WA? I am looking specifically into the Hoqiuam/Aberdeen markets. I am from the Seattle area and being a recent college graduate, this seems to be the easiest price point to dive into. Any advice whatsoever is appreciated... thanks everyone!
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Welcome! Grays Harbor does offer a lot of opportunity, but does have quite a few things to watch out for. As David mentioned, you will want to be aware of flood zones, as this will have an impact on resale value and will affect rental calculations as well. You can use this site to look at the area as a whole, or to pinpoint particular houses. Other things to watch out for:
1) Drug activity. There are pockets of high drug activity/housing. There are often "problem houses" in nicer neighborhoods, or there are neighborhoods where this is the norm. Go stand on the street in front of anything you are looking at for a half hour and observe.
2) Age of houses. You will come across Knob and Tube wiring, lead based paint and asbestos. Be prepared to include these in your calculations.
3) Majority of houses are post and pier foundation. Always get under there and inspect.
If you are not a seasoned pro, I would recommend to always get an inspection. Feel free to reach out to me if you have any questions or want my thoughts on any particular property.