All Forum Posts by: James Dainard

Quote from @Emanuel Caldera:

Hello Everyone, I am wanting to get some insight as to what others would do in my situation. 

I have a home that I own in the Denver area and currently have about 250k in equity after paying the agent fees. In todays market even. I know that will go down eventually if homes are staying on the market longer and as rates slightly rise. So worst case scenario I am thinking would be I walk away with 200k and lose out on the $350 it is currently cash flowing monthly or should I pocket the 200k and look into getting other properties either here in Colorado or possibly out of state? I want to grow my real estate portfolio just don't know what I should do next.

Thanks for reading and helping out!

Hey Emanuel,
If you're able to hold on to the property and continue to cashflow you should keep it. You can access the equity in the deal by getting a HELOC for now or a cash out refi once rates normalize a bit.
If you analyze some deals and realize that you can get a better return on your equity somewhere else you can 1031 it into that as well.

If you're looking to grow your portfolio you want to either keep it for growth or trade up using 1031s where possible.

Best of luck!

Quote from @Alexander Handal:

Currently I am a high school student who has a passion for real estate and investing. I have big plans for my future, but at this point I don't fully know where to start. What advice could anyone give to someone my age looking to start out.

 Hey Alexander!

It's awesome that you want to get started in the industry this early!

First things first is education, if you can find someone to follow and learn from you'll save yourself a lot of troubles in the future. Spend time on this site and at meetups if you can just getting to know people and learning from others.

Take the time to decide what your first deal is going to be, the strategy you want to follow then go about finding a ways to start saving for that deal.

Or find a way to get into wholesaling to make profits towards your own projects.

Hey Natali,

You can ask a local agent to post it for you on their MLS, they may charge a flat fee or a commission.

You can ask local hospitals/companies to see if you can get it posted on their internal message boards.

If you want longer leases you can put it on Vrbo or AirBnb and increase the minimum stay length to your desired timeline.

Best of luck!

Hey Van,

Is the tenant able to provide any references? If they can't provide you contact information for a previous landlord that was happy with them you should likely change the requirements on your tenant application.

Best of luck!

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $525,000
Cash invested: $120,000
Sale price: $760,000

Contributors:
Garrett Quinn, Megan Halter

This home is a puget park gem with all of the bells & whistles! The Vvaulted ceilings and open living space allow natural light to sweep throughout the beautifully remodeled and fully permitted spaces. Brand new kitchen features all new shaker cabinets, marbled quartz counters & SS appliances. Dining room allows access to the expansive deck overlooking the extra large and perfectly manicured lawn. Step into the living room with fireplace & custom shiplap accent.

What made you interested in investing in this type of deal?

Fix and flip investment property for a client.

How did you find this deal and how did you negotiate it?

On the MLS.

How did you finance this deal?

Hard money with Intrust Funding.

How did you add value to the deal?

Fix and flip renovations.

What was the outcome?

Sold the property.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Check out the Heaton Dainard team!

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $430,000
Cash invested: $138,000
Sale price: $905,000

Contributors:
John Whitney, Victoria Loder

Here is a fully permitted, gorgeous remodeled home in the heart of Snoqualmie with majestic views of Mount Si! Step through the open floor concept with brand new kitchen, large island, and stainless steel appliances. Primary bedroom has large 3/4bath and walk-in closet. 2 more bedrooms are on the main, large upper bonus space and full bath. Home lot opportunities are endless, with double-sized lot, potential to subdivide & take advantage of the multi-use permitting.

What made you interested in investing in this type of deal?

Fix and flip investment property for a client.

How did you find this deal and how did you negotiate it?

On the MLS.

How did you finance this deal?

Hard money with Intrust Funding.

How did you add value to the deal?

Fix and flip renovations.

What was the outcome?

Sold the property.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Check out the Heaton Dainard team!

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $800,000
Cash invested: $240,000
Sale price: $1,499,500

Contributors:
Vlad Tselnik, Victoria Loder

View this stunningly re-imagined home in Wallingford with majestic Seattle views! Fully permitted remodel includes all new double vinyl windows, doors and trim, interior & exterior paint, sizeable deck, flooring, water heater and much more! The main level featuring tall ceilings, living room plus powder room, spacious custom kitchen with new cabinets, counter and stainless appliances, formal dining, family room with built-in fireplace and access to deck.

What made you interested in investing in this type of deal?

Fix and flip investment property for a client.

How did you find this deal and how did you negotiate it?

On the MLS.

How did you finance this deal?

Hard money with Intrust Funding.

How did you add value to the deal?

Fix and flip renovations.

What was the outcome?

Sold the property.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Check out the Heaton Dainard team!

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $1,020,000
Cash invested: $300,000
Sale price: $1,880,000

Contributors:
Vlad Tselnik, Katie Kepler

This gorgeous and sophisticated home is full of walls of windows, open floor plan & vaulted ceilings which allow this remarkable Arrowhead property to capture spectacular west-facing Lake Washington views. A contemporary & distinctive design imbue this luxury home with sleek sophistication. Fabulous entertaining areas include modern kitchen, great room, sunken living room, spacious dining & perfectly curated outdoor spaces. Primary bedroom features large fireplace, walk-in closet & spa-like bath

What made you interested in investing in this type of deal?

Fix and flip investment property for a client.

How did you find this deal and how did you negotiate it?

On the MLS.

How did you finance this deal?

Hard money with Intrust Funding.

How did you add value to the deal?

Fix and flip renovations.

What was the outcome?

Sold the property.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Check out the Heaton Dainard team!

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $600,000
Cash invested: $98,400
Sale price: $815,000

Contributors:
Garrett Quinn, Megan Halter

Welcome home to this sprawling 3,000 sq foot freshly remodeled stunner. Open living space highlights windows framing the serene surroundings. Expansive kitchen is great for entertaining with all new cabinets, quartz counters, SS appliances and tiled backsplash and dining room includes access to the back deck. Private primary with 3/4 bath ensuite featuring all new tile, vanity and fixtures. There are 2 additional bedrooms upstairs.

What made you interested in investing in this type of deal?

Fix and flip investment property for a client.

How did you find this deal and how did you negotiate it?

On the MLS.

How did you finance this deal?

Hard money with Intrust Funding.

How did you add value to the deal?

Fix and flip renovations.

What was the outcome?

Sold the property.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Check out the Heaton Dainard team!

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $235,000
Cash invested: $114,000
Sale price: $500,000

Contributors:
Megan Halter

This fully remodeled charmer is located in the heart of town! This is a one story, open living at its finest with brand new kitchen featuring soft close shaker cabinets, quartz counters, classic subway tiled backsplash, SS appliances and pantry. Step into the living and dining rooms filled with natural light and outfitted with new luxury flooring, fixtures and finishes throughout.

What made you interested in investing in this type of deal?

Fix and flip investment property for a client.

How did you find this deal and how did you negotiate it?

On the MLS.

How did you finance this deal?

Hard money with Intrust Funding.

How did you add value to the deal?

Fix and flip renovations.

What was the outcome?

Sold the property.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Check out the Heaton Dainard team!