This Weeks Featured Article
Two “Gems” purchased at the July 18th Foreclosure Auction
The foreclosure auction was very good for our investors on Friday July 18th 2008.
We purchased two properties at auction that day and both were exceptional deals. The first property was a beautiful home in the Bridle Ridge neighborhood of Bellevue. Tne home was last sold in December 2006 for 1.099M. The prior owner then proceeded to spend an additional $180K in upgrades and remodelling.
We bought this house at the foreclosure auction for an investor for one dollar over the opening bid of $723,000. By that afternoon we had all cash offers from potential buyers for $905,000. We will be re-listing the property on the MLS for $1.1M in the next couple weeks and expect to sell very quickly.
Below are some pictures of the property.
The 2nd property we purchased was a house less than one block from Greenlake. We purchased the house at auction for $378,600. According to the tax records the property was only a 2 bedroom 1 bath but the former owner had almost completed finishing out the basement which adds another bedroom and bath and approximately an additional 400 sqft.
The investor will spend about $25,000 fixing up the house and the ARV (after repair value) of the property is between $550,000-$600,000
If you would like to learn more about how you can purchase foreclosure properties like this at signifigant discounts you are invited to attend our weekly investor training class held every Tuesday at 4:30 at our downtown Redmond office.
Real Estate Investment Firm 16300 Redmond Way Suite #202 Redmond, WA 98052 Please RSVP for this eventUnderstanding the “Saver vs. Investor”—A New Way of Thinking
The difference between savers and investors
There is an important difference between people who save their money and people who invest their money. It’s leverage-the ability to do more with less.
Old beliefs and financial habits are deeply ingrained and hard to change. Yet educated investors know how to use leverage and other people’s money to create […]
Sucessful Week at the Foreclosure Auction for our Investors!
Due to the 4th of july holiday, there were two foreclosure auctions held the first week of July. One on Monday July 7th and the other last Friday the 11th. As expected, Monday’s sale was pretty light, but we were able to pick up a great Renton Townhome for an investor.
The property was built in 2004 […]
How Appraisals Work
Thanks for coming back the final segment of Scott Linson’s wonderful real estate investment advice at Real Estate Investment Firm’s recent educational meeting for our investors about property valuation. Let’s talk about how property appraisals work–your own version, as well as those by professional appraisers.
When it comes to your property’s appraisal, it’s important to understand the components used […]
Tips on Evaluating Investment Properties
This is the continuation of sage real estate investment advice from Scott Linson at Real Estate Investment Firm’s latest educational meeting for our investors. This time, let’s talk about how to evaluate investment properties. It’s important to find the right value of the property you’re interested in. Several factors should be included in this.
Determine Your Project […]
How to Find Investment Properties
It was standing room only with many first-time visitors at Real Estate Investment Firm’s most recent educational meeting. Scott Linson, President and CEO of American Home Team, Inc., gave us an informative presentation about how to evaluate a property in today’s market by determing ARV.
His useful and timely advice stems from 10 years experience in marketing/online […]
Latest Foreclosure Auction Properties for King County & Snohomish County
At tonight’s Real Estate Investment Firm’s investors’ meeting, we recapped several foreclosed properties that sold at auction recently, to give our investors and first-time visitors a feel for the amazing deals that can take place. Here’s a prime example…Property ID # 2710, a beautiful 3,360 square foot home on an 8,125 square foot lot, is […]
How to Tap into Your Retirement Account to Invest in Real Estate without Penalty
At Real Estate Investment Firm, we don’t just sell houses, we educate you, as well. On Tuesday, 05/06/08, at our educational meeting for our investors, we discussed another funding method for investing in real estate–retirement accounts.
Self-directed IRAs (Individual Retirement Accounts) can be utilized to invest in real estate. There are multiple strategies for doing this, including […]
How to Buy King County and Snohomish County Foreclosures for Below-Market Prices!
Tonight’s Real Estate Investment Firm investors’ meeting was standing room only! Please continue to invite your friend and family to learn how to buy property for below-market prices! At Real Estate Investment Firm, we are here for you! We began the meeting with Kristian Aasgaarden, one of our senior partners, giving us the rundown of […]
Investors Reap Huge Savings at King County Foreclosure Auction
April was a fantastic month for our investors who purchased properties at the King County Foreclosure Auction. On average the homes that were purchased by our investors were 35.5% under current market value.
Here are a couple of examples of investor purchases from April 2008.
Redmond Washington - Ames Lake neighborhood
Purchase Price $476,000 Market Value: $625,000 + $100,000+ for […]
What can you expect from Real Estate Investment Firm
What can you, our client, expect from Real Estate Investment Firm?
Premiere Service & Support
Dictionary Definition: guide (n.)
1. One who shows the way by leading, directing, or advising.
2. One who serves as a model for others, as in a course of conduct.
Real Estate Investment Firm exceeds a high level of exclusive service to […]
City of Seattle to Offer Foreclosure Relief Loans
Last Wednesday, Seattle Mayor Greg Nickels, announced a plan to help 40 families in Seattle stave off foreclosure and help them stay in their homes. Under the proposed plan, the city will provide $5000 loans through two non-profit groups, the Urban League of Metropolitan Seattle and Solid Ground to qualifying homeowners. The loans would not […]
Suze Orman on the Today Show Discussing Tax Releif for Short-Sale Seller’s
On Thursday January 17th, Suze Orman was interviewed on the Today Show breaking down the recent tax law changes regarding short sales and other real estate or mortgage related issues. Near the end of the interview, Suze also mentions that Seattle is one of the best real estate markets in the country right now.
This short […]
Seattle Times Foreclosure Auction Article
This Sunday’s Seattle Times real estate section had an interesting article regarding the King County foreclosure auction. You can read the full text of the article here. http://seattletimes.nwsource.com/html/realestate/2004086535_auctions23.html
Overall I thought the article was informative for the novice investor and didn’t really get anything wrong. It highlighted the fact that in King County, foreclosure auction […]
Foreclosure Investing 101 - Post Auction Part 8 of 8
Stage 4 - Post Auction
Properties sold at auction are immediately legally owned by the winning bidder. Propertied not sold at auction revert back to the bank as an REO (Real Estate Owned). REO properties ultimately find their way back onto the market as REO or "bank […]
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| Topic | Posts | Last Poster |
|---|---|---|
| Looking for some good investments…… | 1 | Xerita |
| Invest in Real Estate or Stocks??? | 1 | Sidney |
| Searching for options for good investments!!! | 2 | Darrell |
| A GREAT DEAL @ EIGTH!!! | 1 | anthony07 |
| Having a hard time finding a pre-sale condo at south Padre Island Texas??? | 1 | mayrichard26 |
| Need a rental house in CA!!!! | 2 | richard4 |
| Looking for a big equity in a Fixer-upper property??? | 1 | mayrichard26 |
| Big equity and a fabulous house in an awesome wholesale deal??? | 1 | mayrichard26 |
| This is the property you must see!!!!!! | 2 | paul99 |
| Does anyone know any rental apartments in Pittsburgh | 2 | richard4 |













