How To Find An Investmet Property In Todays Market
In Seattle’s housing market today, properties don’t last long on the market, so you’ve got to act fast to compete in today’s market. In King County, the median home price increased by 25.7% from 2021, sitting at $791,933. Unless you have the capital to invest in King County, a good strategy for first-time investors is to look at cities on the outer ring of King County.
First Step to Finding an Investment Property:
The first step in finding an investment property is deciding how valuable your time is. Acquiring an investment property on your own requires a lot of devotion and effort in the search. There are many different methods of acquiring property like driving for dollars, cold calling, mailing campaigns, handwritten letters, or posting online ads. How much effort you put into finding the right property for your goals will determine what will pay off the most for you. Unfortunately, finding the right property for your investment may be difficult if you’re a hobbyist because of how fast our market is today. On average, homes in Seattle sell after 6 days on the market.
Finding Properties Off Market:
The internet has opened new ways to find a property off the market. The benefit of off-market listings is the opportunity to avoid competition for property in a desirable area. These are also known as pocket listings; these homes may be for sale but aren’t listed on multiple listing services, making them much more difficult to find. Peoplefinders.com is a great website to get in front of the owner before a competitor might. Take advantage of free online tools like Zillow & Redfin – which have been known for being very accurate when comparing prices within their area. This will help you give these sellers reasonable offers based on other comparable properties in the area.
One of the best ways to build an investment portfolio in today’s market is by joining a partnership like ours. Summit Capital is unique in the sense that we acquire and analyze investment properties every single day. We’ve become experts in finding long-term and short-term investments through off-market listings in the Puget Sound region. As a partner in our investment, we’ll do all the leg work for you. Joining a partnership can be a laissez-faire way to build your investment portfolio and provide monthly passive income.
We work closely with our partners to ensure we meet their investment goals. We take care of acquiring property, remodeling, and providing the right selling solutions for you! Buying properties AS-IS saves you time and money. Not to mention, in a partnership, you can choose how much you want to invest. At Summit Capital, you can partner with us with as little as $50k for your first-time investment property!
Time, due diligence, and effort. Finding the right property is complex and finding it for the right price is even harder in today’s market. If you’re starting out and unsure where to start, look into our mentorship program: https://summitnow.com/. Our experts give you all the information needed to invest in real estate correctly. You don’t have time on your hands? No problem – partner with us on investment properties and let us do the work! You can learn more about investment opportunities on our website: https://summitcapital-partners.com/ today!
Neighboring cities with reasonable interest rates are Arlington, Maple Valley, Carnation, and the east side of Kent are good locations to start. In Arlington, the median listing price is $657,500 with a 28.5% increase in home value since last year, making it a viable location for an investment property. Not to mention these neighboring cities are topping the market on Zillow. This past May, Woodinville, WA, was named Zillow’s most popular market. A lot goes into finding an investment-grade property and luckily, at Summit Capital we’ve got years’ experience doing exactly that – especially when it comes down to choosing which neighborhood is right up your alley.
About Jim Thorpe & Summit Capital Partners
Jim Thorpe is a Seattle-based entrepreneur, , and real estate expert with over 30 years of experience in real estate development. He works to find high-demand properties in low inventory areas for both developers and homeowners alike. One of his specialties is locating single-family homes in property parcels zoned for multi-family development. His rental portfolio now includes houses, apartments, and commercial properties. Thorpe’s dedication to his business has led to city-wide growth and development in the real estate sector.
Summit Capital Partners is a real estate development and management firm that operates out of Puget Sound and is owned by Seattle real estate expert, Jim Thorpe. They work to acquire off-market real estate and specialize in developing risk-adjusted solutions, allowing an assets’ value to increase over 6-12 months. Summit Capital aims to make a difference in the community where they do business.