November Success Stories!
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The One That Got Away
“Tell me about the one that got away (a deal you missed out on). And what lessons you learned from it?” – Lucas of Auburn, WA I never get too emotionally involved in any deal; it’s business. You can’t take anything too personally, so there’s really never been one that hurt or has stung me […]
Backing Out Of Deals
“Have you ever backed out of a deal and why?” – Jett of Shoreline, WA I’ve never backed out of a deal that I’ve waived feasibility on. I always do all of the due diligence up front to make sure that the property works for us, and once we’ve committed deposited earnest money that is […]
Pricing Your Investment Property
“I’m looking to rent out my investment property but I’m not sure how to price it. What aspects are usually involved when deciding rental rates?” – Jose of Woodinville, WA Rental rates are very market and neighborhood specific, but also depend on: bedrooms, bathrooms, square footage, the type of property, parking, and if it has […]
Short Sales
“What is a short sale?” – Jenny of Issaquah, WA A short sale is a type of sale where the homeowner has fallen behind on their mortgage and is facing foreclosure. Rather than taking a full foreclosure on the homeowner’s credit score if the lender approves, the current owner can sell the home for less […]
Real Estate Auctions: Pros and Cons
“What are the advantages and disadvantages of buying real estate at auction?” – Robert of Seattle, WA Buying real estate at auctions can be tricky but also rewarding. One of the advantages to buying homes at auction is the price. Depending on the minimum bid and the demand for the property (other bidders), auctions enable […]
Cents on the Dollar
“I’ve seen the term cents on the dollar used quite a bit in real estate. How do you calculate cents on the dollar and what does this term mean?” – Mary of Lynnwood, WA Great question! Cents on the dollar can be interpreted in a couple of different ways. The simple way is by dividing […]
LLC’s and Investment Properties
“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 entity protection of an LLC when flipping homes. If […]
ARV
“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 its current value is what we paid for it, […]
Puget Sound Business Journal Announced Heaton Dainard as the 41st Fastest-Growing Private Company in Washington State
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 of Fastest-Growing Private Companies in Washington State honors companies […]
