Eastside Deal of the Week

Each week I’m picking out the Deal of the Week out of my Eastside Value Buyer’s List.  I’m looking for a house that is already discounted to fair market value at the list price and is in good repair.  I visit the house, take 60+ photos, and record a video of my impressions.  Read on about my property analysis and bidding strategy:

Eastside Deal of the Week

Eastside Deal of the Week

Eastside Value Buyer’s List

Today I launched a weekly series of MLS searches to discover the best prospects on the Eastside for investors and handy owner occupiers to buy houses at a discount.  This is an amalgamated list of bank owned homes that already appear to be fairly priced, estate sales, out of state owners, listings with data entry errors, houses sitting unsold for an excessively long time – a whole variety of searches I use to find situations with distressed owners.

Learn more here:

Eastside Value Buyer's List

eXp Realty would like to welcome its newest real estate investment expert, Bob Kelly, to our team in Bellevue, WA.  Bob is a newly licensed agent, since June. He lives with his wife and three sons in Bellevue, WA.

Real estate investment background:

Bob and his wife have purchased six rentals houses between Bothell and Olympia. They own a vacation rental beach house out at Pacific Beach. They self-manage all of those properties. That experience has taught Bob about advertising, blogging, and building websites. He began last year to turn over the rental portfolio on lease options and owner financing for greater cash flow, and recently learned about the business of flipping mobile homes in senior parks. His first project is currently for sale on the MLS (#152530).

Bob Kelly joined eXp Realty for the technology platform, training in Social Media Marketing, the company leads, and the reasonable fees. He is excited to be the first agent on the Eastside (Bellevue, WA),  and looks forward to the opportunity to build the company’s business over there.

Unique Real Estate Services:

Investors: Bob likes working with investors. He’s a member of the REIA in Bellevue , a real estate education and networking club. He will fearlessly make low bids for investors.

Vacation rentals: Based on his personal experience, Bob can help buyers with the acquisition, furnishing and set up, remote management, and advertising of a vacation rental property. He also offers a vacation rental marketing service, where he will photograph the property, create a new website, and post daily ads to Craigslist.

Bellevue Real Estate Services: Bob Kelly has  lived on the Eastside since age 3, so he expects to fill out the company’s websites with articles about Eastside communities and make Bellevue his area of expertise.

Education:

1. Data Processing at Bellevue Community College – 1983 to 1985
2. Lots of real estate investor seminars and programs: Robert Shemin (wholesaling), Dean Graziosi (wholesaling), Todd Toback (lease options), Jerry Lucker (mobile homes), Jeff Adams (REOs), and Rich Dad.

Former career: Computer Programming (25 years). His favorite part was the six trips to Italy to work with Olivetti in the late 80s and early 90s.

So, if you are a real estate investor looking in the Seattle, Bellevue or Greater Puget Sound area, Bob is your guy. He’s been there, and he’s done it, so you can bet he will get you a good deal.

Bob Kelly is a real estate broker with eXp Realty in the Bellevue, Washington area, near Seattle. He specializes in residential investment property. He can be reached  at (360) 480-9154 or bob.kelly@bellevuepowersearch.com

Rob LeRoy is a Seattle real estate agent and social media marketing coach with eXp Realty.

The city has many parks and is known for its woods. Redmond has 23 developed public parks, totaling over a thousand acres. Many of these are neighborhood parks with picnic tables and sports fields or courts. The largest park within the city is not owned by the city — it is King County’s 560 acre Marymoor Park, one of the most popular in King County. It features a climbing rock, a model airplane flying field, a large off-leash dog park, an outdoor theater, and a velodrome. The city also offers 17 miles of developed trails for hiking, bicycling, and horseback riding. The Sammamish River Trail connects to the Burke-Gilman Trail in Bothell and can be followed all the way to Seattle’s Ballard neighborhood.

Due to the large population of highly paid tech workers, especially those of Microsoft, Redmond is also known for its affluence. Based on per capita income, one of the more reliable measures of affluence, Redmond ranks 20th of 522 areas in the state of Washington to be ranked.

Redmond is part of the Lake Washington School District, which also encompasses Kirkland and parts of Sammamish and Woodinville. The public schools in Redmond include nine elementary schools, three junior high schools, and Redmond High School.