Fix and Flip in SeaTac, WA

[James Dainard]

Investment Info:

Single-family residence fix & flip investment in Seatac.

Purchase price: $110,000
Cash invested: $80,000
Sale price: $360,000

Thoughtfully updated charmer near the airport. Fully updated kitchen and re-designed layout. French doors off the dining to a private deck space. Partially finished basement, insulated and quiet with great movie room potential!

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

The SeaTac area is booming right now as the city expands. It's a nice little starter home or downsizing option, or just an affordable home in an area that has seen a spike in housing prices.

How did you finance this deal?

Intrust Funding was my hard money lender.

How did you add value to the deal?

I did a complete overhaul remodel of this home. It had fallen into disrepair, so I redid all the flooring, and completely updated the kitchen.

What was the outcome?

The house looks great and ended up selling for a little over asking price, which is a big bonus!

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

Intrust Funding was my hard money lender. They do a great job!