SFR Fix and Flip in Lake Forest Park, WA

[James Dainard]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $690,000
Cash invested: $126,000
Sale price: $1,200,000

Contributors:
Vlad Tselnik, Megan Halter

Lake Forest Park stunner! 3,620 sf fully updated w/ all new stylish finishes throughout. Open and airy spaces w/ vaulted ceilings, skylights and banks of windows. Living w/ gas fp. Dining and brand new gorgeous kitchen w/ access to back deck and views of Lake WA-perfect entertaining space! Extra den and private office on main. 2 generous BD, fully updated BA, master featuring walk-in closet and ensuite 3/4 BA. Lower w/ separate entrance plus 2nd brand new kitchen, dining and living.

What made you interested in investing in this type of deal?

Fix and flip investment property for a client.

How did you find this deal and how did you negotiate it?

On the MLS.

How did you finance this deal?

Hard money with Intrust Funding.

How did you add value to the deal?

Fix and flip renovations.

What was the outcome?

Sold the property.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Check out the Heaton Dainard team!