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All Forum Posts by: Jake DeAtley

Jake DeAtley has started 37 posts and replied 147 times.

Post: Looking for local real estate lender that owns rentals to worth with

Jake DeAtleyPosted
  • Realtor
  • Olympia, WA
  • Posts 155
  • Votes 57

I am a local real estate investor and broker in the Olympia, WA area. I am looking for a local lender that I might partner with whom also owns and knows the game of investment real estate. Ideally a mortgage broker that can offer multiple products and creative options as well. 

Post: Asset Optimization W/ Cody Davis

Jake DeAtleyPosted
  • Realtor
  • Olympia, WA
  • Posts 155
  • Votes 57

Cody Davis, one of our favorite guests, will be joining us yet again! Join us for another night of learning and growth! Cody has been investing in real estate since the age of 19 and has done more in his real estate career (just the last few years) than most investors will do in a lifetime! Cody and his partners have hundreds of doors under management and lately they have put a significant focus on asset optimization. Join us for our second QUARTERLY event of the year as we discuss the thought process, importance and numbers behind optimizing what we already own (so we never lose it!).

Post: Long Distance VS Local Real Estate Investing W/ Mike and Dion

Jake DeAtleyPosted
  • Realtor
  • Olympia, WA
  • Posts 155
  • Votes 57



Mike and Dion have been speaking on social media about real estate for many years. Mike started Investing long distance and learned to build out systems quickly and effectively. Dion (known for his famous “Binder Strategy”) advocates for keeping it simple, designing your portfolio to meet your end goal and invests locally here in Washington. Join us for our 2024 Q1 meeting! Lets dig into the weeds of both strategies and enjoy a drink on us!

Check out our Facebook event!
https://fb.me/e/45nxhMT9G

Post: Investor friendly Title Companies in OR, WA, NV, CO

Jake DeAtleyPosted
  • Realtor
  • Olympia, WA
  • Posts 155
  • Votes 57

Stewart Title offers investor discounts! I am not sure how friendly they are with wholesaling tho. 

Post: Maintenance Tips To Save You Thousands W/ Jonny Nylen

Jake DeAtleyPosted
  • Realtor
  • Olympia, WA
  • Posts 155
  • Votes 57

Look up our chapter on Facebook Groups and check out the "events" tab for more info!

* Olympia, Tumwater, Lacey, Thurston County, Mason, Lewis, Pierce, King County, Meetup, Education, Networking *

Post: Maintenance Tips To Save You Thousands W/ Jonny Nylen

Jake DeAtleyPosted
  • Realtor
  • Olympia, WA
  • Posts 155
  • Votes 57

Starting in 2008, Jonathan "Jonny" Nylen started installing HVAC projects. Acquiring a college degree in HVAC, and proceeding to work every role in the field from helper up to service manager & R&D engineer (and spending a brief time as a supply house counterman), Jonny is an expert in all things heating and cooling. Over the last 6 years, Jonny has created the "Tacoma Furnace Company", where he specializes in assisting Real Estate Professionals to complete their projects. Leveraging his vast experience in the field, he's begun putting his expertise into portfolio optimization, and energy code engineering, while building a maintenance program designed to reduce the pain points of being a landlord, and hopefully, keep your equipment alive longer than average. Join us every 4th Tuesday of the month for Networking, Education & Support in your real estate investing journey. Light beverages and pizza free of charge ($5 donations appreciated)

*tags* Olympia, Lacey, Tumwater, Thurston County, Pierce County, Tacoma, Mason County, Lewis County, Meetup

After 5 years in Tax and Accounting, Erik Edvalds took the leap and entered the real estate field in 2019. Seeing investing up close as Theory Real Estates CFO, he quickly began investing in real estate himself! From a young age Erik understood the importance of patience and planning for the long term. With the goal and vision to secure his time freedom to pursue his and his family’s life passions, he is well on his way in crafting the life he has envisioned. He has since rapidly built a diversified portfolio of real estate in residential, commercial, vacation/destination (short-term) rentals, and business investments. Erik lives in Puyallup with his wife and two kids and loves watersports, golfing, and shopping for more deals! Come hang out, network, enjoy a drink and a bite the 4th Tuesday of THIS MONTH! At our JLS Roof top Deck indoor/outdoor space.

Post: Duplex Flip! Close to Close in 3.5 months

Jake DeAtleyPosted
  • Realtor
  • Olympia, WA
  • Posts 155
  • Votes 57
Investment Info:

Small multi-family (2-4 units) fix & flip investment in Auburn.

Purchase price: $410,000
Cash invested: $45,000
Sale price: $545,000

This was my first flip. Going into 2023 was not the ideal time to take on a first flip project, but this opportunity came off market and was a duplex that would work as a rental if it did not sell, so we felt comfortable moving forward. I could have taken this project down by myself, however I wanted to bring a couple of my siblings into the deal. They did contribute resources which made it lower risk for me and little out of pocket.

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

Simple project, owner occupied side needed heavy cosmetic rehab. tenant side was in good condition. Purchase price was in range were we could rent and be okay if we had to long term.

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

Agent I know was getting ready to list, but cousin's owned the property and had a falling out and wanted a quick sale.

How did you finance this deal?

hard money , out of pocket for down payment and partnered for rehab.

How did you add value to the deal?

We did a full exterior remodel, new roof, paint, landscaping, some windows doors, clean up. Then did a full interior remodel on one unit. Made it an ideal owner occupied. modified older cabinets for a dishwasher and refinished the hardwood rather than replace. New counters, can lighting, new trim, outlets, fixtures, flooring, heat registers, etc. etc.

What was the outcome?

Solid sales price, waived inspection closed smooth and within our projected 3-5 month timeline.

Lessons learned? Challenges?

things worked out well. Had some scope creep, but still cleared over $40k after all fees, taxes, and selling costs. I also made a commission on the sale. Not a bad outcome.

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

I represented myself and my partners.

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