Washington Opportunity near the Seattle Market

[Roderick Daniels]

Investment Info:

Single-family residence buy & hold investment in Bremerton.

Purchase price: $297,000
Cash invested: $1,500
Sale price: $408,000

Held as a Buy and Hold, then noticed the opportunity to take advantage of the appreciation to invest in other areas.

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

The rental market in the area.

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

It was a new build. Negotiated closing costs.

How did you finance this deal?

No down payment loan.

What was the outcome?

Rental for a few years and sold to transition to a more affordable market with higher cash flows.

Lessons learned? Challenges?

Property management can shape the experience in any market for rentals owned.