Success Story: Flip in South Seattle

[Adrian Chu]

Investment Info:

Single-family residence fix & flip investment in Seattle.

Purchase price: $400,000
Cash invested: $5,000
Sale price: $490,000

Better than new! Move-in-ready south-facing 4 bed / 2.5 bath home in Columbia City. Super functional open floor plan and filled with natural light. Brand new carpet, hardwood floors, and stainless steel appliances. Living room with gas fireplace, slider to large deck, and beautiful territorial views. Master suite with full bath & double master closets. Laundry upstairs. 1 car garage. Entertain on the low maintenance fenced yard. Walk to the light rail; easy commute to Downtown Seattle and UW.

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

I found it on the MLS and we got it under contract before the review date.

Lessons learned? Challenges?

Wish I had applied a buy-and-hold strategy and kept this one.