Real Estate Investment - Rentals - Cosmetic Fixers

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Real Estate Agent with Realty Executives Brio
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.
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Rainer
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Greg Barrett

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