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9 ‘Bulletproof’ Rental Property Improvements

9 ‘Bulletproof’ Rental Property Improvements

Follow James Dainard:

Website: https://jamesdainard.com/

IG: https://www.instagram.com/jdainflips/

LinkedIn: https://www.linkedin.com/in/james-dainard-967aa1b/

TikTok: https://www.tiktok.com/@jdainflips

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Heaton Dainard Real Estate:

IG: https://www.instagram.com/heatondainard/

Website: https://heatondainard.com/

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Subscribe to ProjectRE on Youtube for more Real Estate Gems!

https://www.youtube.com/c/ProjectRE

1031 Exchange Explained | A Faster Way to Build Wealth

1031 Exchange Explained | A Faster Way to Build Wealth

Follow James Dainard:
Website: https://jamesdainard.com/
IG: https://www.instagram.com/jdainflips/
LinkedIn: https://www.linkedin.com/in/james-dainard-967aa1b/
TikTok: https://www.tiktok.com/@jdainflips
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Watch James Dainard explain Underwriting Step-By-Step!
https://www.youtube.com/watch?v=6Zjs1…
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Heaton Dainard Real Estate:
IG: https://www.instagram.com/heatondainard/
Website: https://heatondainard.com/
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Subscribe to BiggerPockets “On The Market” YouTube Channel:
https://www.youtube.com/channel/UCxDXuLvtjJ9Est8PrG3i2VA

How to Analyze a Flip in 5 Steps | Real Estate Underwriting 101

How to Analyze a Flip in 5 Steps | Real Estate Underwriting 101

Follow James Dainard:

Website: https://jamesdainard.com/

IG: https://www.instagram.com/jdainflips/

LinkedIn: https://www.linkedin.com/in/james-dainard-967aa1b/

TikTok: https://www.tiktok.com/@jdainflips

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Heaton Dainard Real Estate:

IG: https://www.instagram.com/heatondainard/

Website: https://heatondainard.com/

____

Subscribe to ProjectRE on Youtube for more Real Estate Gems!

https://www.youtube.com/c/ProjectRE

The BRRRR Method Explained with Calculator

The BRRRR Method Explained with Calculator

It can be very challenging for investors to BRRRR in competitive/expensive markets like Seattle. Often times, surface level underwriting will make a deal look basic and not feasible for this strategy. Many times the implementation of the right plan can turn a basic deal, into a MEGA deal.
On the surface – this property would not have BRRRR’d by simply using a fixed up comparable and leveraging the LTV.

I had to look at the full big picture, getting creative by strategically flipping two of the homes and use of access easements to capture the additional ADU and garage. The plan made the BRRRR not the buy.

I was able to put $133k in my pocket which I reinvested into another rental, picked up over $375k in equity, and collect $3,100 in rent after expenses.

Featured On

Podcast Episodes

18 Mar 2022 | Finding Contractors, Renovation Red Flags, and Estimating Rehab Costs (Part 2) w/ James Dainard

DESCRIPTION

Welcome to part two of a rehab estimation masterclass with real estate mogul James Dainard! As mentioned in part one, James has created a multi-level brokerage where he has been involved in 3,000 transactions. His excess experience has allowed him to create an almost scientific process for his flips. In today’s podcast, James builds off part one and gives you a step-by-step guide on how to emulate the process that has given him his success.James goes over what and who to bring when visiting a property, closing on a property, writing a contractor contract, and finalizing a project to perfection. Each process includes tedious details that may seem daunting at first, but as the saying goes, the devil is in the details. While the initial steps may seem meticulous, once you begin making the process repeatable and do it continuously, it’s second nature. James perfected his flipping and renovation processes through trial and error, and if you listen closely you can avoid commonly made mistakes and have an advantage over most new investors. To be the best you have to learn from the best—so listen closely!

38mins

15 Mar 2022 | A Step-by-Step Guide to Estimating Rehab Costs w/ Master Flipper & Investor James Dainard (Part 1)

DESCRIPTION

Welcome to part one of a rehab-estimation masterclass with real estate mogul James Dainard! James has earned his title by being involved in 3,000 transactions over the past fifteen years and creating a multi-level real estate brokerage. He has mastered the art of estimating rehab costs which has allowed him to invest on a seriously large scale. Currently, he is working on thirty flips and has 400 apartment doors under construction, so not only has he had past successes, but he is consistently learning and adjusting to the rapid changes of the market. James is an investor to not only learn from but to emulate, and today he gives a step-by-step guide to do just that. James breaks down renovation steps like building a team, getting a budget sheet together, and vetting workers, contractors, and properties in vast detail. The underlying theme behind each of his steps is meticulous preparation. As an investor, one of the best things you can do for yourself is to prepare and get rid of any variation in your processes. By perfecting his preparation processes, James has been able to minimize variation and save himself in the long run. Do yourself a favor and listen to these next couple of podcasts intently— it could save you serious time, headache, and money in the future!

49mins

5 Nov 2020 | Real Dealz 345: One Of Seattle's Most Successful Investors - James Dainard

DESCRIPTION

In Episode 345, Elliot and Cole interview Seattle Investor James Dainard! James is the Co-Founder and Managing Principal at Heaton Dainard Real Estate, which is one of the biggest real estate investing companies in the Seattle area. James shares a ton of great information in this episode and not only discusses where he started in this business, but shares the successes and the challenges they’ve overcome as they continue to grow. Tune in for a great Episode! Subscribe to our podcast on iTunes, Spotify, YouTube or Stitcher for all future episodes and updates!

1hr 30mins

24 Dec 2019 | Building Rental Empires Alongside Your Real Estate Business with James Dainard

DESCRIPTION

As one of the co-founders of Heaton Dainard, not only has James Dainard developed an executed corporate strategies, he’s also invested in and developed a real estate empire. He shares his story and some insight on this episode.

1hr

30 Nov 2019 | JF1915: How A Broker Evaluates Deals For Himself & Clients with James Dainard

DESCRIPTION

James has seen a lot of transactions and has had a lot of his own real estate investing experience. We’ll hear about some of his own deals, adding bedrooms, and how he looks at deals not only for himself, but also for his clients. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Don’t let the contractor dictate the budget” – James Dainard

25mins

11 Jul 2019 | BiggerPockets Podcast 338: From Red Robin Waiter to 250 Units (Using the MLS!) with James Dainard

DESCRIPTION

From waiting tables to scaling up to 250 units! Today’s show is going to blow your mind. Brandon and David sit down with James Dainard, a real estate investor in the Seattle area, who is using his broad knowledge of real estate investing to do some big things! James shares how he got started door-knocking for someone else’s company to learn the business—and things took off from there! He also shares how he’s finding 60 percent of his deals from the MLS, how he uses local zoning knowledge to find opportunities others are missing, and how he made over a million dollars off an MLS flip! James has some GREAT strategies he uses, including combining flipping, wholesaling, and BRRRRing; improving the return on his equity; and “inventing returns.” You’ll also be blown away at how he created a 60-room rental (!!!) property that earns over $9K a month and how he saves money on maintenance and property management by running it all in-house. James is a smart, humble, and experienced investor doing some very impressive stuff.

1hr 20mins