All Forum Posts by: James Dainard

Hey Mitch,

In terms of leverage you're going to do the best with an owner-occupied loan if you can get it.

Some of our clients will end up getting a conventional loan on their property if they're planning to keep it as a rental then quit claim title into an LLC later on down the line. Check with your lender to make sure this doesn't trigger a due on sale clause for your loan. That tends to be the happy middle ground if you can get all of your bases covered.

Best of luck!

Hey Jenna,

Sounds like you might need to get your realtor a book from the BP bookstore hahaha.

If you have the ability to keep it I'd recommend doing so. Wait for affordability to go back up and capitalize on that when it brings an influx of buyers back into the market.

For the time being there is going to be someone on this site that will take you up on running it as a house hack. See if there are any meetups in your area, this might be the highest ROI on your time in terms of getting people and systems in place to handle this for you.

Make your system work for you! You can do real estate your way!

Welcome and congrats on getting your first deal!

Hey Sydney,

We like Fidelity National Title!

Don't forget to take a look at your existing portfolio every once in a while to see if you can move your equity around using exchanges/sales to get a higher ROI!

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $200,000
Cash invested: $72,000
Sale price: $420,000

Contributors:
Dominic Turco, Victoria Loder

This is a Move In Ready Home in the private gated community of Lake Holiday. Featuring 3 bedrooms and 2 bathrooms, new paint interior/exterior, new laminate hardwood flooring and new carpet plus 12 feet vaulted ceiling throughout. Gorgeous brand new kitchen with white shaker cabinets, quartz counters and stainless appliances. The primary bedroom includes en-suite full bath with double vanity. This home has additional 2 more spacious bedrooms and full 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: $200,000
Cash invested: $72,000
Sale price: $420,000

Contributors:
Dominic Turco, Victoria Loder

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: $200,000
Cash invested: $72,000
Sale price: $420,000

Contributors:
Dominic Turco, Victoria Loder

This is a Move In Ready Home in the private gated community of Lake Holiday. Featuring 3 bedrooms and 2 bathrooms, new paint interior/exterior, new laminate hardwood flooring and new carpet plus 12 feet vaulted ceiling throughout. Gorgeous brand new kitchen with white shaker cabinets, quartz counters and stainless appliances. The primary bedroom includes en-suite full bath with double vanity. This home has additional 2 more spacious bedrooms and full bath. Freshly landscaped large level lot with long driveway and plenty of parking. Large outbuilding in the back yard for plenty storage, welcome to your new spacious home!

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: $280,000
Cash invested: $54,000
Sale price: $425,000

Contributors:
Jennifer Haffner

This 3 bedroom charmer, sits well equipped with brand new: SS kitchen appliances, luxury vinyl plank flooring, quartz countertops, custom white shaker cabinets, built in pantry for plenty of storage, doors, millwork & custom tiled bathtub. A private fully-fenced backyard creates the perfect entertainers dream, ideal for hosting parties or an oasis-like gardening space. Come claim your piece of Central Tacoma charm!

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: $280,000
Cash invested: $54,000
Sale price: $425,000

Contributors:
Jennifer Haffner

Welcome to this remodeled Craftsman home close to Downtown, Light Rail, Hospitals & Parks with an unbeatable walkability, rated at 92/100! This 3 bedroom charmer, sits well equipped with brand new: SS kitchen appliances, luxury vinyl plank flooring, quartz countertops, custom white shaker cabinets, built in pantry for plenty of storage, doors, millwork & custom tiled bathtub. A private fully-fenced backyard creates the perfect entertainers dream, ideal for hosting parties or an oasis-like gardening space. This home is completely turn key and sold with brand new W/D- all of the work has been done for you. Come claim your piece of Central Tacoma charm!

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!