B5 Real Estate, LLC

B5 Real Estate, LLC We specialize in real estate investment and solutions.

Our latest project in Tacoma and now available for rent. call/text/DM for details.
12/29/2021

Our latest project in Tacoma and now available for rent. call/text/DM for details.

Let’s review the numbers. Purchase Price: $376,500Renovation Cost: $150,000Holding Cost: $85,000 (18 months due to COVID...
06/21/2021

Let’s review the numbers.

Purchase Price: $376,500
Renovation Cost: $150,000
Holding Cost: $85,000 (18 months due to COVID, permitting, engineering, etc…)

All in at: $611,500

Appraised at $875,000

Also, we gave our architect the go ahead to start feasibility on a possible duplex in the back yard.

$263,500 in equity and we now have a 30 year mortgage that our tenant is paying.

Latest multi-family project in West Seattle.
01/23/2021

Latest multi-family project in West Seattle.

Beacon Hill project almost ready for framing.
10/03/2020

Beacon Hill project almost ready for framing.

Progress being made on this basement buildout in Shoreline.
10/03/2020

Progress being made on this basement buildout in Shoreline.

Getting started on this one as well. Should be complete right around the new year.
09/02/2020

Getting started on this one as well. Should be complete right around the new year.

Remember this house? Permit in hand and ready to get after it.
09/02/2020

Remember this house? Permit in hand and ready to get after it.

Closing day for B5 and partner on our newest acquisition in Beacon Hill. Inspiration is on top! Time to get to work.
08/05/2020

Closing day for B5 and partner on our newest acquisition in Beacon Hill. Inspiration is on top! Time to get to work.

Another home run from B5 Real Estate, LLC. Step 1- buy house on the low (under valued asset) $170kStep 2- increase rent ...
06/18/2020

Another home run from B5 Real Estate, LLC.

Step 1- buy house on the low (under valued asset) $170k
Step 2- increase rent to current tenants from $800 to $1200
Step 3- refinance cash out...

Uh oh- low appraisal (couldn’t get all our cash back. $157,500 essentially still about $17k into the house

Step 4- rebuttal- comes back at same value. 🤬

Step 5- Take the cash out and apply for a HELOC. HELOC desk appraisal comes back at $290k- 80k over over the 1st appraisal.

BOOM!!!! $120k in equity with cash flow and we didn’t even improve the home after purchase.

Not to mention this is one block away from future light rail. Path of progress. Small wins along the way. Rosemary Bee Oudanonh & Bow Phung

02/05/2020

You want to sell your house but it’s needing some updates? What if you could get up to $55k interest free to have a licensed contractor landscape, paint, remodel, etc... prior to listing. If you’re thinking of selling look no further. Contact me.

Offer getting submitted today for this beauty in Shoreline. 🤞
11/08/2019

Offer getting submitted today for this beauty in Shoreline. 🤞

Plan review submitted. 4 weeks for review, with minimal comments and corrections hopefully we'll breakground on Phung #...
10/17/2019

Plan review submitted. 4 weeks for review, with minimal comments and corrections hopefully we'll breakground on Phung #2 around the new year. Start 2020 with a bang!!!

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Renton, WA
98056

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