Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

415
Posts
1,894
Votes
James Dainard
  • Real Estate Broker
  • Bellevue, WA
1,894
Votes |
415
Posts

Custom Lake View Flip - Hardest Framing project I've ever done

James Dainard
  • Real Estate Broker
  • Bellevue, WA
Posted

Investment Info:

Single-family residence fix & flip investment in Kirkland.

Purchase price: $750,000
Cash invested: $195,000
Sale price: $1,325,000

We sourced this deal ON MARKET, located in Kirkland, a high-end suburb of Seattle. By far one of the hardest framing projects I’ve done. Scope of work: Reframed entire house, replaced all systems, custom windows installed, installed new flooring and tile, new kitchens and bathrooms, installed new septic system, siding, new fences and fixed the pool. Due to price point and style we upgraded our budget with custom cabinets ($15k), metal roof in areas ($25k), and designer mid-century lights ($2k).

What was the outcome?

Check out this photos link for before and after: https://photos.google.com/share/AF1QipOHa-rKuhsHCja9QVJpq8g4uLe8aoYjSvALrDeKXZ6K8XlD4TAy_reZMixroSRvQA?key=WDNOSVIxektoOEJieEhCM3VhU3BOUzROeXNzc0x3

Lessons learned? Challenges?

The home was custom designed in the 50s by an apprentice to Frank Lloyd Wright. His signature was his angles of his walls, all walls were framed at a 90-degree angle. While this made the home unique and one of a kind, we had to modernize the footprint but maintain the architectural integrity of the home. We had to inch out every bedroom to get the home to a more conforming footprint.

Loading replies...