“Do I need an LLC to purchase an investment property?” - Michael of Lakewood, WA Technically, you do not need an LLC to purchase an investment property. While I am not an attorney, I can expand on how I personally use an LLC. I use the...
“What is ARV?” - Bryan of Everett, WA ARV is an acronym for after repair value. The after repair value is what we think the property will be worth after all of the value-add renovations are complete. Many times we may be purchasing a property and...
Bellevue, Wash. – Among 100 recognized companies, Heaton Dainard ranks 41st in revenue increase from 2012-2014 at the Puget Sound Business Journal’s Award Banquet last night. This sold-out annual award banquet was held at the Westin Hotel Seattle on Thursday, Oct. 8 from 5:30-9:00 p.m. The list...
“How can I reduce my risk?” - Bruce of Seattle, WA Interestingly enough one of the best ways to reduce your risk is to lower your leverage. The less you borrow the less risk you have. Real estate investing can be a very profitable venture but...
“Where do you recommend I start looking for investment properties?” Peter of Lynnwood, WA I am a big proponent of investing locally. However, local can vary from person to person. I’ve heard a handful of longtime investors say that as a typical rule of thumb, they...
September was full of success for both investors and home buyers! Take a look at a few of this month’s projects that received drastic makeovers and profitable returns!...
“What is the difference between a retail contractor and a wholesale contractor?” - Brenna of Puyallup, WA Great question, and an important distinction to make. A retail contractor generally works with retail clients, typically people looking to remodel their personal residence. Retail contractors are bound by...
“What is a typical return on an investment?” –Suzette of Burien, WA Return on investment can be looked at a couple different ways. The most popular method that we as real estate investors like to view these returns is by cash on cash. How much cash...
As a real estate investor, you can put a flip calculator together and estimate what the specific project costs are going to be. I think that the biggest unforeseen investment expense is the one you as the investor are hiding from yourself in order to...
What is the most common mistake most investors make when remodeling their property? Overspending on the rehab. This is a business where a lot of times we can buy the right property but we can ruin a really good deal in the rehab phase. This overspending...
August was full of success for both investors and home buyers! Take a look at a few of this month’s projects that received drastic makeovers and profitable returns!...
“I’m thinking about partnering with someone, what is the best way to structure a partnership?” – Susan of Puyallup First off, partnerships can be absolutely wonderful and partnerships can be absolutely horrible. It really depends on who you are and who your partner is. I’m lucky...
Wholesaling is a term used quite often among real estate investors, but do you know what it means? Wholesaling is when a wholesaler (individual or partnership) obtains an assignable contract to purchase a property from the seller and sells this contract to another investor. The contract...
Bellevue, Wash. – Heaton Dainard was recently recognized by Inc. 5000 as the 596th Fastest-Growing Private Company in America. Heaton Dainard ranked 11th among Washington’s top companies and 7th in the Seattle Metro Area. Since 2011, Heaton Dainard has generated 19 new jobs and demonstrated a...
July was full of success for both investors and home buyers! Take a look at a few of this month’s projects that received drastic makeovers and profitable returns!...