New Member Introduction

[Alex Turner]

Hi All, 

I have been listing to the BP podcast very regularly and finally joined the online community! 

I am a Mortgage Broker in the Denver area and I have been working with a lot of investors lately. 

Seeing the numbers from a lending perspective has me excited to start investing myself. It is my #1 goal this year to purchase my first property. Looking forward to more great information from this community and learning as I continue towards my own financial freedom through real estate! 

[Ben Rhodin]

Hey @Alex Turner! Welcome o the community, a great place to be and meet like-minded people! If you ever want to talk shop, I always am looking for great mortgage brokers for my clients here in Denver. As for your goals, I can totally get it, it's just like being a Realtor and not investing yourself! 

As for getting started out here, I would personally suggest something a bit more straightforward. Whether that is a househack or a traditional buy-and-hold. BRRRRs are tough to complete out here, or at least a perfect BRRRR where you can pull all your money out. This is mostly due to our price levels, and unless you can get a great off-market deal, it will be nearly impossible. But pulling most or some of your capital out isn't bad either! Or just doing a traditional rehab and creating the equity. There are plenty of great ways to create both cash flow and equity here in Denver, and I would be happy to chat about it and see what may be the best direction for you! As I tell everyone, there isn't the best way to invest in Denver, It all depends on your goals and what you have to invest in.

Currently, a strategy I am putting a lot of attention on is the medium-term rental space, as well as the split units in an SFR. But if you really want to get started and jump-start your journey, I have to throw out the obligatory "you should house hack", haha. Let me know if you ever want to chat more!