All Forum Posts by: James Dainard

@Courtney Wheeler If the property needs any kind of work it might make sense to go with a Hard Money lender to get the property and do some of the initial work to build equity.  In that case, I would recommend Intrust Funding.

 Then for a traditional mortgage, I would contact Jason Tsang at On Q Financial. 

Feel free to DM me if you have any questions! 

Hey @Adam Hanson a member of my team @Sean Barnebey specializes in the Tacoma area, I highly encourage you to get in touch with him and he can answer all of your questions as well as helping you find the property that you're looking for.

@Elijah Exie Thorpe thanks for reaching out! I teach this class twice per month at my office in Bellevue, Washington.  I see that you're in Philadelphia, unfortunately I don't work in that region.  I focus on the Puget Sound area in Washington State.  However, I do have a four-part webinar series on the construction process of flipping houses.  Next month I'll be starting another webinar series on buy and hold, and multi-family longterm wealth building investments.  If you're interested, I can send you the info! 

Join us for a night of deals and investor education! I personally teach this class with my managing partner, Will Heaton. We'll give you examples of our personal fix and flips, buy & holds, commercial real estate, and multi-family investments. It's the perfect opportunity to ask any questions, and learn from some of our mistakes! We started our company 10 years ago, at the beginning we averaged 10 flips per year, now we do over 100 per year. With a decade of business under our belts, we've been a part of over 2,500 real estate transactions in the local market.

If you would like to come and learn from the experts Please Sign Up Here!

I hope to see you there!

Join us for a night of deals and investor education! I personally teach this class with my managing partner, Will Heaton. We'll give you examples of our personal fix and flips, buy & holds, commercial real estate, and multi-family investments. It's the perfect opportunity to ask any questions, and learn from some of our mistakes! We started our company 10 years ago, at the beginning we averaged 10 flips per year, now we do over 100 per year. With a decade of business under our belts, we've been a part of over 2,500 real estate transactions in the local market.

If you would like to come and learn from the experts Please Sign Up Here!

I hope to see you there!

James

Hi @John Leland Bailey Jr  Welcome to BP and real estate! I work with quite a few active duty and vets to help them achieve their real estate goals.  I've been working exclusively in the Puget Sound Region for over 10 years and it's a great time to get started! 

Hi @Daniel Matthew I've been working in this market for over 10 years, many of my clients are new investors just like yourself, asking the same questions.  I host a class twice per week where I go over how to invest in your first cash flow.  There's a lot of talk about the market in Seattle right now and debate on whether or not you can cash flow.  It's definitely possible, but it is a competitive market.   A lot of investors are starting to look in the Tacoma area as well, as that market is starting to pick up.  

Investment Info:

buy & hold investment.

Purchase price: $1,325,000
Cash invested: $450,000
Sale price: $2,349,000

Great cash flow investment in Seattle. Incredible cap rate and amazing location. Right off of I90 and I5, easy access to transport options with views of Lake Washington. A little reno went into each unit to update appliances and kitchens, making it easier to up rental rates.

How did you finance this deal?

I used funding from Intrust Funding.

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

Intrust Funding

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $1,100,000
Cash invested: $125,000
Sale price: $1,570,000

This was a great buy & hold deal. The location was perfect, with great views of the water and nice living spaces. Each unit is a good size with a large bedroom and bathroom which elevated the earning potential of each unit.

How did you finance this deal?

I used Intrust Funding to fund the entire project.

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

I worked with Intrust Funding as my lender and Will Heaton with Intrust Funding.

@Jennylynn Caldona I used a combination of contractors that I have worked with before.  Send me a private message and I can give you more info!