All Forum Posts by: James Dainard

Get started in real estate with my FREE Investor 101 Class. It's a great opportunity to learn the basics of investing in fix and flips and cash flow properties. The class is free to attend, I host it every two weeks at my office in Bellevue, WA. It is a great chance to learn about real estate from our experts, who will give real examples and talk about their experience with real estate in the Puget Sound region. It's your chance to network with other potential investors as well as ask questions and speak directly to my team of experienced brokers and investors.

 If you would like to attend, reserve your spot at the link below:

Investor 101 Sign-Up Form

A member of my team will be in touch to answer any questions you have about the class, and get an understanding of your personal real estate goals.

I hope to see you all there!

@Tara Ballenger Hey Tara! I always work with Intrust Funding on all of my flips and especially my multi-family deals. They're super easy to work with and quick with their funding! 

@James Gliwa I don't work with foreclosures anymore for a number of reasons.  I mostly work with off-market properties because you have the opportunity to inspect the site, and then decide how much that property is worth.  I've found with foreclosures, that the auction process can lead to over spending on a project without knowing exactly how much it's going to cost on rehab.  You end up doing a lot of work in the underwriting, and researching and then the deal could still fall through (this is a very summarized version).  From my experience, off-market

@James Gliwa I don't work with foreclosures anymore for a number of reasons.  I mostly work with off-market properties because you have the opportunity to inspect the site, and then decide how much that property is worth.  I've found with foreclosures, that the auction process can lead to over spending on a project without knowing exactly how much it's going to cost on rehab.  You end up doing a lot of work in the underwriting, and researching and then the deal could still fall through (this is a very summarized version).  From my experience, off-market properties have been more profitable and much more secure for investment opportunities. 

@Michaela Baer No worries! I host these classes every two weeks, hope to see you at the next one! 

@Einat Menashe Thank you for your feedback! Multifamily investments are a great RE option in Washington right now.  Especially in the Puget Sound Region.  I'll  be hosting a webinar on this later on this month.  I'll keep you updated, and start writing some blog posts about what areas I'm looking at for 2019! 

@David Warren Great idea! Thanks for your input, I work closely with hard money lenders and expectations can vary depending on the lender.  It's important to find the right lender FOR YOU.  Which is why I always work with the same team. I can send you their information in a private message! 

Investment Info:

Single-family residence fix & flip investment in Lynnwood.

Purchase price: $419,950
Sale price: $475,000

Remodeled rambler in fantastic location. Situated on a large 10,000 sq ft lot, this home is tucked away in a quiet cul-de-sac with plenty of privacy and peaceful quiet.

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

I'm always interested in rambler layouts, people in the Seattle area love the layout, it's good for all ages. Especially the added bonus of the cul-de-sac and the large lot, it's a great starter home, or perfect for couples looking to downsize.

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

This was an off-market deal.

How did you finance this deal?

I used a hard money lender, Intrust Funding.

@Tim Lynch hey Tim! I'll send you an personal message,  I have some opportunities for you and I think we could work together.

@Roman Yerokhin this was an off-market deal

Investment Info:

Single-family residence fix & flip investment in Seattle.

Purchase price: $345,000
Cash invested: $95,000
Sale price: $599,950

Mid-century stunner! Fully remodeled with open floor plan. Four bedroom, two bathroom home spread between two floors with roomy living spaces and two cozy fireplaces.

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

It was a great location, the house had solid framework and I knew it would be an easy remodel.

How did you finance this deal?

Intrust Funding's hard money loan.

How did you add value to the deal?

Upstairs this house needed a change in layout and some cosmetic upgrades. The kitchen was a full overhaul and remodel. The basement needed a big change, the walls were dark and it didn't feel like home. I painted and all new floors, just to lighten up the house and make it feel welcoming.

What was the outcome?

The outcome was great, the house sold for above the estimated ARV!

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

Intrust Funding