James Dainard is co-founder and managing partner at Heaton Dainard Real Estate and Intrust Funding LLC. He is currently a co-host on one of the BiggerPockets podcast series. As a seasoned real estate investor, James leads the development and execution of corporate strategies, marketing, and property acquisitions at Heaton Dainard Real Estate. His decade of experience investing in multi-family and single-family units in the Puget Sound region has guided Heaton Dainard with over a billion dollars in sales and over 3,000 transactions directly to investors.

Flipping houses remains one of the most well-known strategies in today’s real estate industry, and for good reason: fix and flip homes can potentially offer attractive profit margins for real estate investors who know what they’re doing. Unfortunately, many beginner investors make the mistake of assuming that the only important part of flipping a house is the renovation itself; in actuality, success will also depend on how good of a deal you secure when purchasing a property. Consequently, finding fix and flip deals is one of the hardest aspects of the job. Tune in for today's episode where James shares some his insights about fixing and flipping houses with us.

Episode links:

JamesDainard.com

IntrustFunding.com

HeatonDainard.com

https://www.instagram.com/jdainflips/?hl=en 

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Transcript

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Michael:

Hey everyone, welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today with me, I have James Dainard with Heaton Dainard Real Estate and James is the co-founder and managing principal of that company. They do apartment syndication, hard money lending, fix and flips and also have a brokerage among many other things. So James is gonna be talking to us today about the fix and flip market, what he's been doing and how it's changing, and what we as investors should be thinking about as we get into this market. So let's get into it.

 

James what is going on, man, thanks for coming on the podcast and hanging out with me. I appreciate it.

 

James:

Yeah, I'm excited to be here. It's anytime I get to talk real estate's always a win.

 

Michael:

I know, I know and it's crazy that we like get paid for it. It's kind of a joke, you know?

 

James:

Yeah. I'm still waiting to see the big checks. But all right, I'll keep doing real estate until that somehow I figured that part out.

 

Michael:

I'm right there with you, man. For anyone who doesn't know your background, know your name that your company give us a quick and dirty insight who you are, where you come from? What is it you're doing real estate today?

 

James:

Yeah, I'm James Dainard. So I'm out of the Pacific Northwest. We've been an active investment company at the Seattle, Washington for the last 18 years now. So I started doing this when I was a senior in college actually knocking doors for an investment company and then once I graduated, we kind of just start building companies, one after the other, went through a pretty nasty weather. Well, the month that we opened our business was the month that the whole real estate market fell apart in 2007, and eight. So it's, we're very seasoned investors, we're active guys in Seattle, we typically do we have a brokerage that does about 200 fix and flip properties a year with our clients and then we do about an additional 50 ourselves and then we land hard money up in Seattle, Washington, just short term financing and then we're big apartments indicators as well. So we own about 2000 doors in t