Bainbridge Island Hard Money Loans
Intrust Funding is a Bainbridge Island private lender providing flip loans to investors in Kitsap County. Acquire your next property, renovate your next investment, or cash-out refi your last loan today. With funding in 48 hours, no inspections, no appraisals, and a simple 1% per month interest rate, Intrust Funding is real estate investing simplified.
Bainbridge Island, situated in the heart of Puget Sound and a quick ferry ride from downtown Seattle, is home to approximately 24,000 residents. This island city is known for its strong community, high-quality education system, and natural beauty – factors that together make it a prime spot for high-end residential real estate investments. From waterfront properties with spectacular views of the Olympic Mountains to inland homes surrounded by lush forests, Bainbridge Island offers a diverse range of investment options. The city’s economy is primarily driven by professional services, retail, and tourism, which contributes to its desirability and the stability of property values.
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A Real Estate Investor’s Guide to Bainbridge Island
Bainbridge Island, WA
Bainbridge Island is a city and island in Kitsap County, Washington, United States, located in Puget Sound. The population was 23,025 at the 2010 census and an estimated 25,298 in 2019, making Bainbridge Island the second largest city in Kitsap County.
Bainbridge Island has four centers of commerce: Winslow, Lynwood Center, Fletcher Bay (also referred to as Island Center), and Rolling Bay. Winslow is the downtown core and has most of the shopping and dining. Lynwood Center on the south end of the island has several restaurants and a small hotel. Fletcher Bay (also referred to as Island Center) has a small grocery store and one restaurant. Rolling Bay is located on the east side of the island.
Kitsap County
Kitsap County is home to over 250,000 people and was named after Chief Kitsap of the Suquamish Tribe. With Bremerton as its largest city, its county seat is Port Orchard. The US Navy is the largest employer in the county, with three major bases, and it is home to several heavily used Washington State Ferries routes.
Geography
Bainbridge Island shorelines border the main body of Puget Sound, as well as Port Orchard Bay, a large protected embayment, and two high-current tidal passages, Rich Passage and Agate Pass. The island is characterized by an irregular coastline of approximately 53 miles (85 km), with numerous bays and inlets and a significant diversity of other coastal land forms, including spits, bluffs, dunes, lagoons, cuspate forelands, tombolos, tide flats, streams and tidal deltas, islands, and rocky outcrops.
Employment
As of 2020, Bainbridge Island had an unemployment rate of 5.8%. The US average is 6.0%. Bainbridge Island has also seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 36.5%, which is higher than the US average of 33.5%.
Transportation
Bringing a car to Bainbridge Island, either on the ferry from Seattle or by driving from the Kitsap Peninsula, will give you the most flexibility and freedom to explore the island and the surrounding area. Bainbridge Island is also a cyclists paradise with a plethora of trails and roadways to get from one place to the next with a friendly, share-the-road philosophy.
Hard Money Loan Scenarios Bainbridge Island, WA
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