Finding good deals is an easier task than finding a good deal that is right for you. “I’m a firm believer, if you’re a newer investor, don’t bite off more than you can chew.” – James Dainard.Ĭhoosing the right deal is far more important that choosing a good deal.
He knew how to find a good deal, but very little of what to do with it once he had it. James chose to invest in a newer home, that needed very little work because he didn’t have the skills for a larger project at the time. At 23, I just knew I really didn’t know how to renovate a property.” – James Dainard “It was a 2001 built townhome…really good condition.
When he had the opportunity to invest in 2006, he jumped on it. Starting from the ground-up James was soaking in as much information as he could. He didn’t know anything about the industry, and he was largely unsuccessful at the beginning. James began his real estate career knocking on doors, trying to convince people to sell him their houses.
Last week James Dainard, co-founder and managing partner of Heaton Dainard joined the team of the Bigger Pockets podcast to talk about his investing strategies, how he fell in love with real estate, and the keys to his success on episode #338: From Red Robin Waiter to 250 Units (Using the MLS!) with James Dainard.Ĭo-hosts of the podcast, Brandon Turner and David Green, opened the hour and 20 minute conversation with high accolades for James, proclaiming him as “The Gordon Ramsey of real estate.” While the entire podcast is filled with over 10 years of knowledge built through experience, we’ve outlined four of our favorites below! Know Your Skillset
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