Before becoming a Realtor with Keller Williams, I purchased and sold over 40 properties in King County. Properties were usually distressed (Foreclosures, Bankruptcies, Sheriff's Sales, etc.). After I finished rehabbing a home, I wanted to be able to list my own properties, so I got my license. Most of my clients are people looking for cosmetic fixers, rentals or first time homebuyers looking to earn sweat equity in a home. I shop for homes in Pierce, King and Snohomish counties. A lot of clients have never flipped a property, so I go into the property, assist in establishing rehab costs and show them updated homes (comps) in the area so they can visualize the end product (flip). That way, a profit margin can be established and the client will know whether or not they are getting a deal. If the numbers don't make sense, I encourage the client not to move forward. Typically, I look for a property that will produce at least $30,000 net.
Generate More Leads from this Listing
With a Trulia Pro Account
Find what you need?
See More Blog PostsAbout Real Estate! SEE MORE NOW!