Who is the most savy investor in the crowd?

[Sean Tobin]

Friends in Spokane, I thought it would be fun to use a real-time listing to discuss and analyze. Here you will find a link to a listing my team and I just brought to market. It is a fixer property that is tired and worn down after years of tenants living there. I want to get your take on the following two questions: 

1. What do you believe this property will sell for?

2. What you think the after repair value would be for this property? 

Looking forward to your responses! 

[Robert Kincaid]

@Sean Tobin

The home sold quickly. We had two showings the day it listed, both with offers a bit over ask. It was my personal residence and we already had another home under contract so we accepted an offer and moved along. This was before the market really took off anyways so we were pleased. Regrettably, I should have kept the house as a rental. 

I agree in that I don't understand how investors are able to make properties like this cashflow well enough. This deal looks to be good but even so, I would expect the returns on a hold to be fairly thin.

The neighborhood is classified as Minnehaha, technically. Pretty small area south of the golf course, north of the river and east of Greene/Market.