Purchasing at Auction: A Risk that’s Worth the Reward

As inventory continues to deplete, investors are searching for opportunities in other avenues. Recently, it has become increasingly more common for investors to pursue their next deal at the foreclosure auction. While many investors accept this new acquisition source, others remain skeptical. Our auction division, Heaton Dainard Foreclosures, is asked the following questions regularly: What [...]

By |2019-10-14T20:11:11+00:00June 8th, 2016|Education|0 Comments

Deal Killers

“What are some ‘deal killers’?” – Margot of Kirkland, WA For me, power lines, I won’t buy properties directly on power lines or directly on freeways. I feel they’re very hard to sell and it’s very difficult to determine what the price is on these types of properties. Additionally, properties with persistent water issues (high [...]

By |2019-05-31T04:30:58+00:00December 3rd, 2015|Education|0 Comments

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 [...]

By |2019-05-31T05:32:21+00:00November 14th, 2015|Education|0 Comments

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 [...]

By |2019-05-31T05:42:59+00:00October 29th, 2015|Education|0 Comments

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 [...]

By |2019-05-31T05:52:32+00:00October 23rd, 2015|Education|0 Comments

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, [...]

By |2019-05-31T16:13:04+00:00October 12th, 2015|Education|0 Comments