All Forum Posts by: Brandon Michielli

 Yes because it appraised for $285,000.00

Investment Info:

Large multi-family (5+ units) buy & hold investment in Spokane.

Purchase price: $140,000

Opportunity zoned land. Starting construction on 11 unit multi family this year!

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

Tax benefits for urban growth opportunity zoning

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

Kodiak General Contracting brought me this deal.

How did you finance this deal?

Paid cash

How did you add value to the deal?

Building 11 until multi family

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

Kodiak General Contracting

Investment Info:

Single-family residence fix & flip investment in Spokane.

Purchase price: $95,000
Cash invested: $75,000

Down to the studs renovation.

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

Great comps

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

Aaron Farr

How did you finance this deal?

Inland capital

How did you add value to the deal?

3 bed 1 bath into a 4 bed 3 bath full renovation.

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

4 degrees real estate

Investment Info:

Single-family residence fix & flip investment in Spokane.

Purchase price: $127,000
Cash invested: $50,000

This is another down to the studs, rewire, new plumbing, full reno.

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

Good comps

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

I purchased from a wholesaler

How did you finance this deal?

Inland capital

How did you add value to the deal?

Full renovation

What was the outcome?

I'm hoping to sale this place for $240,000 when we are finished

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Spokane Valley.

Purchase price: $219,000
Cash invested: $20,000

Contributors:
Aaron Farr

We purchased this property because it was a good deal for a duplex and it came with an over sized lot which we are subdividing into 2 more single family lots.

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

It was a good price for the duplex and it came on a large enough lot to split it into 2 extra single family lots.

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

Aaron farr with 4 degrees real estate brought this deal to me.

How did you finance this deal?

First interstate bank

How did you add value to the deal?

Renovated the vacant unit and splitting land.

What was the outcome?

Rented out both units and my civil engineer is in the process of sub dividing lots.

Lessons learned? Challenges?

Challenge here is waiting for the city of spokane valley to accept and record. 6 months!

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

4 degrees real estate and whipple engineering

Investment Info:

Mobile home fix & flip investment in Spokane.

Purchase price: $175,000
Cash invested: $20,000
Sale price: $295,000

Contributors:
Aaron Farr

My 2nd flip and one of my biggest profits to date.

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

Splitting land and selling seperate

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

Word of mouth.

How did you finance this deal?

Owner financed

How did you add value to the deal?

It was 11 acres with a double wide. We split the double wide into a 1 acre lot and sold the 10 acres separately

What was the outcome?

About $100k in profit

Lessons learned? Challenges?

Dont be afraid of mobile homes. This is the 1 of 2 manufactured home deals I have done great on.

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

4 degrees real estate

Investment Info:

Single-family residence fix & flip investment in Spokane.

Purchase price: $210,000
Cash invested: $60,000
Sale price: $295,000

Contributors:
Aaron Farr

My first flip I wanted to share that I broke even at best on! If only I would of had known about bigger pockets back then

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

It was my first opportunity to try and make money in real estate

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

I traded some work for a person who inherited this home.

How did you finance this deal?

Bank

How did you add value to the deal?

Renovated

What was the outcome?

I broke even!

Lessons learned? Challenges?

I learned a lot on this deal. I renovated everything from top to bottom and didn't need to! The experience was invaluable and I have learned a lot of the last several flips and I have been able to keep turning profits!

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

4 degrees real estate and Aaron Farr

Investment Info:

Single-family residence fix & flip investment in Cheney.

Purchase price: $150,000
Cash invested: $50,000

Contributors:
Aaron Farr

Another quick flip that I'll have on the market in the next couple weeks. Thanks to @AaronFarr for finding me this deal.
Purchased for 150k 30k in Reno. I'm hoping to get 230 plus.

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

Fast flipping potential

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

It was a wholesale house

How did you finance this deal?

Inland capitol

How did you add value to the deal?

New flooring, paint, appliances, amd countertops.

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

4 degrees real estate

Investment Info:

Single-family residence fix & flip investment in Cheney.

Purchase price: $150,000
Cash invested: $50,000

Contributors:
Aaron Farr

Another quick flip that I'll have on the market in the next couple weeks. Thanks to @AaronFarr for finding me this deal.
Purchased for 150k 30k in Reno. I'm hoping to get 230 plus.