I Bought a $150K Condo in Federal Way, WA — Let's Break Down the Numbers

The Real Estate Investing Fast Track · Jul 30, 2026 · 10m

In this episode, I break down a condo flip I'm currently buying in Federal Way, WA — part 1 of a series I'll follow up on through renovation and sale.

I bought the property for $150,000 after almost a year of following up on a cold lead. With renovation costs around $20-25K, I'm projecting a sale price of $240-250K and a net profit of roughly $35,000 — about a 70% cash-on-cash return.

I also get into why condo flips play differently than house flips, from HOA fees to slower sales and higher holding costs.

📩 Have a property in WA, Hudson Valley, or Delaware you want to wholesale or JV?

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