All Forum Posts by: Colton Elwood

what are the best rei groups/meetups in the Spokane area

@John Ala I will be in Spokane tomorrow need to prep a sub floor for tile but other than that I'll be free to meet up

I would invest in Spokane over omak, there's lots of opportunities here. I dont always find these kinds of deals but I usually find about 5-10 a year. I just had one slip through my hand a couple days ago 4500 sqf 7 bedroom for 130k purchase price with an arv of 800k-1.2m needed about 200k in renovations

But the market here in Spokane is great with Amazon moving in and all these other big companies it's just going to get better I think the MLS deals move quick there's usually quick turn around but with the right realtor you should have no problem if you need one I can recommend a really good one

I'm always interested in finding more lenders or partners  or investors 

This month alot of off market house will be going for cheap since the first of the year is the county auction and there's a few trying to be sold before auction 

Investment Info:

Single-family residence fix & flip investment in Spokane Vly.

Purchase price: $10,000

Cash invested: $45,000

Sale price: $162,000

Major renovation house was taken down to 2 original boards and rebuilt with an addition
2 bed 1 bath

Before and after pictures

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

I Grew up with parents that have invested there whole life

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

I have access to off market houses I believe not very many people do if any at all

How did you finance this deal?

Private investor