Scammy Real Estate Ads Back in Force

Here’s yet another sign that we’re back in bubble territory, albeit a strictly anecdotal one. During the last bubble it was nearly impossible to turn on the radio without hearing some form of scammy “riches in flipping” ad during the commercial break. I don’t listen to the radio that often, but in the rare instances […]

Flip, Slide, Build on Capitol Hill

Here’s an interesting flipping strategy that I haven’t seen before… On Monday I walked by a home 10th Ave East up on Capitol Hill. Here’s what it looked like a while back, via Google Street View: And here’s what it looks like now: The home sold last June for $826,000. So what are the new […]

Reader Question: “Do You Recommend Doing Flips?”

I recently received the following question from a reader: Do you recommend doing flips in the Seattle metropolitan area? I did a flip in the San Francisco Bay Area (where I’m from) and made $59K profit. I’m thinking Seattle may also be a good market as well given Boeing and Microsoft as main employers attracting […]

The Battle of the Flippers: Everyone’s a Winner

Back in April two similary-specced homes hit the market on my street in what I referred to as “The Battle of the Flippers.” As of last week, both homes have now sold, so let’s check out the results: The Contenders 3609 Wetmore 2 Beds, 1 Bath, 1,106 square feet 4,792 square foot lot Built in […]

A Front Row Seat to the Battle of the Flippers

Oooh this should get interesting. Two homes on my street with very similar specs, both sold in January and both being flipped, both came on the market yesterday. The Contenders 3609 Wetmore 2 Beds, 1 Bath, 1,106 square feet 4,792 square foot lot Built in 1912 Bought 01/12 for $91,500 Asking $189,000 3417 Wetmore 2 […]

The Fix-n-Flip: Still Alive & Well

I’ve been noticing a lot more of the cheap homes I had been watching during my active home search coming back on the market lately as rehab flips. Not only that, but they’re selling, sometimes fairly quickly, at double the previous price or more. Check out a couple examples in my neck of the woods: […]

Rehab Flips Making a Comeback During the Housing Bust?

Photo by Flickr user RickerPix found in the Seattle Bubble Flickr pool Way back in the days before everyone thought it would be a great idea to get rich selling progressively more ridiculously expensive homes to each other, “flipping” had a different meaning than most people associate with the word today. Flipping a home wasn’t […]