All Forum Posts by: James Dainard

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $595,000
Cash invested: $96,000
Sale price: $850,000

Contributors:
Garrett Quinn, Victoria Loder

Private gorgeous Snohomish home located minutes from Echo Falls Golf & Country Club, this remodeled, 3 bedroom 2 bath rambler is a must see. Professional garden like setting on a corner lot is set to impress. The open-concept kitchen is complete with stainless steel appliances, quartz counters, shaker cabinets, all sitting next to family room, which opens to a sprawling backyard deck with built-ins, perfect for enjoying tranquil summer evenings.

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: $470,000
Cash invested: $180,000
Sale price: $819,950

Contributors:
John Whitney, Katie Kepler

Here is a classic Seattle Bungalow style home thoughtfully restored blending together transitional finishes & modern systems. This home is perched up with territorial views & mature trees creating privacy on each level. Fully permitted remodel down to the studs, with ALL new systems including new electrical, plumbing, insulation, Hot water heater, mini split ductless system for heating & cooling, new windows, siding & more!

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: $810,000
Cash invested: $151,200
Sale price: $1,185,000

Contributors:
Garrett Quinn, Katie Kepler

This home is UPGRADED TO PERFECTION & larger than it looks! This remodel features 4 bedrooms, including a primary ensuite, 2 ½ baths, family room & generous office, along with multipurpose media room. Brand new spacious kitchen complete with white Shaker cabinets, SS appliances, quartz counter tops & a peninsula bar. Step through the slider which leads to a sizeable deck & private fenced back yard.

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: $810,000
Cash invested: $151,200
Sale price: $1,185,000

Contributors:
Garrett Quinn, Katie Kepler

This home is UPGRADED TO PERFECTION & larger than it looks! This remodel features 4 bedrooms, including a primary ensuite, 2 ½ baths, family room & generous office, along with multipurpose media room. Brand new spacious kitchen complete with white Shaker cabinets, SS appliances, quartz counter tops & a peninsula bar. Step through the slider which leads to a sizeable deck & private fenced back yard. Additional upgrades include radiant heat system, new rich hardwood floors, new windows, new doors, new 30 year warranted roof, tank-less water heater which completes this top to bottom remodel. Home has a detached 2-car garage & additional driveway parking-room for RV & more! Easy walk to beach park, shopping, and fast freeway access all available in the excellent Edmonds schools.

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: $950,000
Cash invested: $150,000
Sale price: $1,470,000

Contributors:
John Whitney, Victoria Loder

Welcome to this absolutely gorgeous, remodeled home in coveted Bellevue's Lake Hills! This home features all new roof, windows, flooring, doors, millwork and much more. Step in and see the vaulted room with exposed beam, new kitchen including stainless appliances, and French wooden doors to access the large back yard. Primary bedroom has private spacious deck, walk-in closet and 5 piece Master 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: $950,000
Cash invested: $150,000
Sale price: $1,470,000

Contributors:
John Whitney, Victoria Loder

Welcome to this absolutely gorgeous, remodeled home in coveted Bellevue's Lake Hills! This home features all new roof, windows, flooring, doors, millwork and much more. Step in and see the vaulted room with exposed beam, new kitchen including stainless appliances, and French wooden doors to access the large back yard. Primary bedroom has private spacious deck, walk-in closet and 5 piece Master 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: $950,000
Cash invested: $150,000
Sale price: $1,470,000

Contributors:
John Whitney, Victoria Loder

Welcome to this absolutely gorgeous, remodeled home in coveted Bellevue's Lake Hills! This home features all new roof, windows, flooring, doors, millwork and much more. Step in and see the vaulted room with exposed beam, new kitchen including stainless appliances, and French wooden doors to access the large back yard. Primary bedroom has private spacious deck, walk-in closet and 5 piece Master bath. 3 more spacious bedrooms are found on the upper floor with full bath and large bonus area which can be great for an office space. Lower level features finished room with exposed red brick, perfect for a movie room. Another bonus room and utility room has half bath. There is a 2 car deep attached garage plus extra space for shop or mancave. All this within walking distance to Lake Hills Village and Samena swim and recreational club.

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!

 Hey Magdala,

There are a ton of free calculators on this site that will help you out.

We like to use Rentometer to gauge rent in our area as well as data from the NWMLS.

Depending on the type of deal you're looking for you'll want to talk with your lender to figure out what your debt cost is going to be to finance the asset you want. You can work backwards using rent, debt costs, and any other HOA, insurance, utility quotes/estimates you have.

Let my office know if we can help at all!

 Hey Kyla,

There's a lot of great advice already on your thread but I thought I'd chime in as well.

I'd recommend against option 1 unless you're planning to build right away. There's no reason to incur the holding costs if you're not planning on making any gains on that cost in the near future.

If you can get them renter friendly with minimal cash out of pocket and refi while you're pulling permits/waiting for development that would be the ideal situation. You can always decide later to hold on to it or sell it early in the permit process.

Selling is always an option, you could get the equity out of this property by selling to a builder or an investor to go buy something that cashflows better or is easier to manage.

You could partner with a builder. You could put up the land and they could build out the site for you two split profits at the end. This all depends on what they're planning to build, what they will cost them to build, and what it will sell for.

I hope those help!

Feel free to reach out to my team with any questions, we'd love to help!

This looks great! Love how open you are with the info.