Category Archives: Fix & Flip


Mar

06

2017
A Flawless Fix and Flip

A Flawless Fix and Flip

A premier Veristone client executed a successful fix and flip on this Lynnwood, WA property located a short distance north of Seattle. The 1,3790 square foot home has 3 bedrooms, 2 ½ bathrooms, and a number of new features that transformed it from two small units, to a beautiful single family residence. This house now boasts, an updated and upgraded kitchen with gorgeous granite and…

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Nov

18

2016
Textbook Fix and Flip

Textbook Fix and Flip

Thanks to having strong partners in the real estate business and eye on the market, Retha McCutchen was able to acquire an ideal fix and flip in the Cully neighborhood of Northeast Portland. With the help from her partners in the real estate business, knowing the neighborhood and aligning with quick financing from Veristone, Retha was able to jump on this opportunity. It was worth…

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Nov

05

2016
Advice from my Lender?

Advice from my Lender?

Earning a living buying and selling real estate is very rewarding… but can also be risky business. This is a key reason why many people opt not to pursue real estate investing. It’s also a key reason why those that do, often seek out a key partner like Veristone. If you can leverage the learnings of those that have gone before you and follow in…

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Aug

07

2016
Appreciation in the Northwest – Setting a Red Hot Pace

Appreciation in the Northwest – Setting a Red Hot Pace

In spite of easing a bit from prior months, home prices are continuing to experience positive appreciation. The S&P Case-Shiller 20-City Composite index for May (as reported at the end of July) rose 5.2 percent year over year. This accounts for slight slowdown from April’s 5.4 percent increase. The Case-Schiller index tracks changes in the value of residential real estate nationally as well as in…

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Jul

23

2016
Smart and Fast equals Success

Smart and Fast equals Success

Every deal is about knowing the numbers! And it’s been said that the most important number is the After-Repair-Value (ARV). Knowing this number before you acquire a property can be the difference between making a great deal versus making a deal you wish you could forget. The majority of discounted properties are usually junk properties, vacant properties and/or fixer-uppers. They’re often in need of many…

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Jul

19

2016
Social Savvy Investors go beyond Facebbok

Social Savvy Investors go beyond Facebbok

It’s no secret that in order to gain a competitive edge in sourcing or selling a house you should learn to utilize social media. But have you? If you’ve begun using Facebook you’re on the right track. But you should also be considering other social media sites. Especially those that are primarily visual. • 90% of information transmitted to the brain is visual. • Visuals…

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Jul

16

2016
Should investors be using Facebook?

Should investors be using Facebook?

For real estate investors, Facebook is arguably the best social media platform to use as a resource for self-branding, marketing all aspects of your business, gaining leads and referrals (sourcing and selling). Why is Facebook arguably the best? … as of March 2016: • The average Facebook user connects to 80 community pages, groups and events. • More than 2.5 million websites have integrated with Facebook….

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Jul

09

2016
High-end Fix and Flip

High-end Fix and Flip

It takes keen knowledge of the neighborhood and confidence in your contractor resources to achieve the type of success recently enjoyed by Kris Conover. When investors think of flipping houses, they usually think about foreclosures and short sales. They also have a stereotype in their heads about the kinds of people who get foreclosed on and the kinds of properties they own. As a result,…

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Jun

18

2016
10 Keys to Getting Top Dollar for Your Next Flip

10 Keys to Getting Top Dollar for Your Next Flip

1. Set the price correctly on day one. Some believe that the price you set your home is 80% of your marketing. If you over-price, you simply help sell the competition. Carefully look at comparable sales data. Too high a price translates to more days on the market. More days on the market translates to buyer negotiating power. A house that has been on the…

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May

16

2016
Neighborhood Fix and Flip

Neighborhood Fix and Flip

The recent housing data for the Northwest market has focused on low inventory and climbing prices. For investors this has meant having to get creative and work hard to find opportunities. Recommendations have included finding off-market properties or hitting the auctions. However, a recent fix & flip in Kirkland, is a reminder that a listing in the good old MLS can still present real potential…

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