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Updated over 1 year ago on . Most recent reply

User Stats

5
Posts
2
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Ryan Engels
2
Votes |
5
Posts

New to real estate - looking into fix and flip

Ryan Engels
Posted

Hey There!

I am new to real estate investing, and looking for advice on getting into it. I am interested in fix and flip, because I work for a flooring company (we also are the general contractor for many projects), and I have access to many skilled people, products, and I have some skills myself that relate to rehabing a property. I have toured 3 houses, ran numbers on what I think it will cost to renovate, and what I think the after repair value will be. Granted, this is rough numbers guided by no experience on the matter, but I do have a realistic idea of what things will cost. I have access to get flooring at close to no cost, countertops for half (if not less), cabinets discounted, and tile at/or below cost. I have only looked for properties that are listed on Redfin, and I feel like I am missing the good deals. I believe I know the market of my area fairly well, and have narrowed my ideal area to invest in, but I feel lost and don't have clear guidance. 


I am open to any thoughts and suggestions. I love the idea of anything real estate, but haven't had a clear direction of which route to pursue.


Thanks for the help!

Ryan Engels

Most Popular Reply

User Stats

882
Posts
1,968
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Sherief Elbassuoni
  • Realtor
  • Bellevue, WA
1,968
Votes |
882
Posts
Sherief Elbassuoni
  • Realtor
  • Bellevue, WA
Replied

@Ryan Engels, I do deals in Tacoma/Puyallup/Sumner areas and I can share what worked and didnot wortk with me there!

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