cover of episode 338: From Red Robin Waiter to 250 Units (Using the MLS!) with James Dainard

338: From Red Robin Waiter to 250 Units (Using the MLS!) with James Dainard

Publish Date: 2019/7/11
logo of podcast BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast
Frequently requested episodes will be transcribed first

Shownotes Transcript

    <p>From waiting tables to scaling up to 250 units! Today’s show is going to blow your mind. </p><p>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! </p><p>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. </p><p>James is a smart, humble, and experienced investor doing some very impressive stuff. Download this one today! </p><p>In This Episode We Cover: </p><ul>
  • How he got started door-knocking for someone else’s company
  • Story behind his first deal
  • How he bought a 60-room house How he got to over 200 units all single-family
  • Combining wholesaling, flipping, and BRRRR
  • What he looks for in an area and using zoning knowledge to find opportunity
  • Profiting $1 million on a flip he found on the MLS
  • About his apartment complex that was on the market for 200+ days
  • How he uses flips to fund his rentals Getting 60% of his deals off the MLS
  • How he calculates the return on his equity
  • Why he hires people in-house to manage properties and do maintenance
  • How he BRRRRed a deal with no money left in that cash flowed $2K a month
  • His unique method for “inventing” returns And SO much more!

    • Links from the Show

    • BiggerPockets Forums
    • BiggerPockets Premium
    • Forum Thread about BiggerPockets Premium
    • BiggerPockets Youtube Page
    • BiggerPockets Podcast 302: Making $100k/Deal Using Other People’s Money, Time & Experience with Cory Nemoto
    • Brandon's Instagram
    • David's Instagram

    Learn more about your ad choices. Visit megaphone.fm/adchoices