Washington State Auctions

[Justin Yu]

Hi Everyone,

I’m currently residing in Washington state where the market is really expensive to buy. I’m a residential real estate appraiser and have been appraising for the last two years in snohomish, pierce, and king counties. I’ve been looking into court auctions to pick up a home for below market value to flip. I’d like to connect with people in Washington state to work alongside with and get some flips under my belt. If you know of anyone in Washington that has experience in flipping homes or court auctions please let me know! Any and all comments will greatly be appreciated.

Thank you,

Justin Yu

[Gabriel Graumann]

@Justin Yu Based on the current economic climate and generally low inventory, my focus the last few years has been fix & flip properties in King, Snohomish, and Skagit counties. As John mentioned, there are more risk and I haven't personally seen the value in courthouse auction properties of late, and I've been able to find properties on and off-market that fit my criteria so that's what I have used. You just need to know your numbers, experience level, neighborhoods you want to focus on, and then target specific properties and you'll uncover a deal soon enough. Despite all of the members an gurus who push "go fast, scale up" I would recommend targeting an area and keeping true to your numbers. As the money is made on the buy, finding a good value is key and not getting sucked into the "I need a deal" mentality that often pushes people past economic sense or scope of work on their reno budgets. Happy to assist as needed.