Small Scale Fix & Flip Opportunity - Shoreline, WA

[Michael Smythies]

Hi BP, 

As an investor-friendly real estate agent that has gained an immense amount of knowledge and resources from this forum, I like to contribute as often as I can and share with you deals that I find/analyze in the greater Seattle area. 

Check out this Shoreline investment opportunity HERE. 

Purchase Price: $425k 

Rehab Costs: $75k 

ARV: $650k (Find my CMA HERE)

Profit: $106k (including selling commission, holding costs, selling costs, photos and staging)

What do I like about this property? 

- A smaller project with a lower purchase price gives an opportunity to new investors to get their feet wet with potentially less risk. 

- Shoreline school district is a HUGE plus to this location. With only 7,000 students compared to Seattle's 40k+ students, many families in the Seattle area are moving north for lower purchase prices and better schools. 

- Open concept living room + dining room will make for a sleek and modern looking flip. 

As always, I am open to feedback and discussion on this deal. I'm always looking to improve my numbers and approach. If you would like to see an inspection report for this property, please send me a private message and I'd be happy to forward that over.