Washington has beautiful, unique terrain which results in a statewide array of housing options, so you can get creative and flip all types of properties. And with a noted high return of investment, it’s a great place to house flip. Washington offers plenty of opportunities to build your business and expand your portfolio. (Also, did we mention, there is no state income tax there?) It’s the perfect place to begin your real estate investing career.
Uncover more about what you need to know about house flipping in Washington. Make sure to check out the national comparisons, showcasing Washington’s unique house flipping opportunities.
Median Price of Homes Sold
$364,800
Number of Homes Purchased for a Flip
9,154 homes
Median Age of Flipped Homes
41 years old
% of Flips Financed with a Loan
53%
Median Loan Amount
$236,000
Median Profit Per Flip
$110,000
Total Number of Active Flippers
4,928 flippers
Total Number of New Flippers
542 new flippers
% of Flippers Who Flip Outside of State
7%
Median Number of Days it Takes to Flip a House
122 days
% of Flips Less Than the National Average Sq. Ft.
92%
Median Number of Flips Per Borrower in State
2 flips
Top
10
Washington Flipping Counties
Check out the top counties in
Washington
ranked by the largest communities of flippers and discover the number of flips in each.
Rank
County
# of flips 2018
Median Profit per Flip
1
King
1,710
$142k
2
Pierce
1,272
$110k
3
Snohomish
716
$138k
4
Spokane
522
$85k
5
Clark
357
$100k
6
Kitsap
276
$126k
7
Thurston
233
$88k
8
Whatcom
192
$99k
9
Benton
163
$93k
10
Cowlitz
126
$97k
LendingHome:
The Proven Source for
Washington
Hard Money Loans
Discover the profitable deals that can be yours when obtaining a hard money loan in Washington through Kiavi. We are making an impact in the Evergreen State by supporting every level of investor here, from the passionate hobbyists to full-time house flippers. Whether you are looking for a hard money loan in Seattle, Bellevue, or Tacoma—you are in great hands.
Experience the LendingHome Difference
As the nation’s largest lard money lender, Kiavi issued $148 million in loans in Washington last year alone. We offer bridge loans in as few as 5 days, up to 90% of the purchase price, up to 125% rehabilitation with holdback, and fund up to $1 million per deal or $3 million across multiple deals. And with a simplified process, a premium technology, and a knowledgeable staff that does whatever it takes to support you—we are the real estate investing partner that help our customers close deals, grow portfolios, and increase profits.
Why You Should Invest in
Washington's
Real Estate Market
Washington is home to some of the most well-known companies in the world—Costco, Starbucks, Amazon, Nordstrom—and is a picturesque state filled with culture, art, sports, exceptional schools, wineries, beaches, shopping, and delicious food (especially seafood). In short, it is a lively hub to live in, therefore an excellent state to invest in. You can also flip all kinds of houses, across all types of land and neighborhoods. Kiavi can support your real estate investment career in Washington, no matter what part of the state you are flipping houses in.