Investor in Denver looking to connect with others!

Investor · Denver, CO · Member since 2023 · 1 post · 2 votes

I am just north of Denver. Looking for other investors to network with, a CPA to advise on taxes and just general guidance. I have 1 investment property. I have a condo now and wanting to buy a house within the next 6 months as my primary and rent the condo out (or sell and buy a single family home to rent instead or Airbnb). Looking at a business to buy and close on soon. I want to buy multi family and commercial eventually. I have a ton of questions about all of this and what I should consider doing. I will buy dinner and a beer!

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Dan GuentherBusiness Member
Real Estate Agent · Longmont, CO · Member since 2019 · 548 posts · 271 votes
3y
Hey @Cindy Lindberg, welcome to the community! If you check out the learn tab up top and then go to events, you'll find a whole bunch of meetups around Colorado. I host a monthly meetup in Longmont if you're interested. I'll send over the link. Good luck on your journey!
[email protected]720-295-1082
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Sloane Kraftsow
Lender · New York, NY · Member since 2023 · 749 posts · 510 votes
3y
Welcome to the BP, Cindy! This site is an incredible platform that has numerous resources so definitely take advantage of it all. I'd love to get you started with your multi family.

Would love to connect.
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Julio GonzalezPro Member
Specialist · West Palm Beach, FL · Member since 2008 · 4k+ posts · 1k+ votes
3y
Welcome Cindy! This is a great place to hang out and find information. I absolutely recommend finding a good CPA to work with. You'll want to ask them about cost segregation studies as well, as they can greatly help you reduce your taxes and boost your cash flow. Here's an article I wrote about doing so. If you have any questions along the way, don't hesitate to reach out. I've been an investor myself for many years now.
Welcome again!
561-253-6640
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Ben Einspahr
House Hacking Specialist · Denver, CO · Member since 2016 · 411 posts · 396 votes
3y
Hello @Cindy Lindberg you will not fall short with the amount free resources on bigger pockets and investors out there willing to give an extra hand and help out where they can.

My next steps would be to connect with a lender to see what financing would look like. This will also help dial in your buy box.

Next I would attend local meetup to build your network, connect with others doing the same you are envisioning, and get a pulse for what is working and what is not.

I will DM you a couple of lenders and CPAs we work closely with and some helpful education + case studies to point you in the right direction.

Best of luck

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Ben RhodinBusiness Member
Realtor · Denver, CO · Member since 2020 · 338 posts · 331 votes
3y
Hey @Cindy Lindberg! Congratulations on your already great success, and seems you have your toes dipped in numerous ponds here. REI is just like a game of chess, you have all these pieces that you can move but you have to figure out the best time and order to do so!

Definitely think about your next primary before any other move, unless you are unable to solidify lending for it. This will be the quickest, easiest, and cheapest move to get into a new rental, especially if you buy a multifamily, or other property you can househack. Kill two birds with one stone.

I'm located in Arvada, and more than happy to connect and network! Ill shoot you over a quick DM.
[email protected]
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Scot Conti
Real Estate Agent · Denver, CO · Member since 2021 · 13 posts · 3 votes
3y
Hi @Cindy Lindberg - welcome to BP! I have a great CPA to connect with and will send contact info via DM.
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Melanie ThomasBusiness Member
Real Estate Broker · San Antonio · Member since 2022 · 1k+ posts · 489 votes
3y
Welcome to the BP community!

Your enthusiasm and ambitious goals are certainly refreshing to see! It sounds like you've got a lot of exciting opportunities on your horizon, and we're more than happy to help guide you along the way.

Denver and its surrounding areas have a vibrant market with many potential opportunities for savvy investors like yourself. The fact that you already have one investment property and are actively strategizing about your next moves is a strong start.

Remember that networking is crucial in our field. There are plenty of investors within this community who would love to share experiences, give advice, and perhaps even collaborate on future projects. So don't hesitate to start some conversations or ask any questions you might have.

As for the CPA, you might want to post a separate thread detailing what you're looking for in a CPA, to get more targeted responses. There are also plenty of threads on tax strategies for real estate that you might find useful.

Your plans about your condo, potential house purchase, and ideas on entering into multi-family and commercial real estate display a broad and ambitious scope. Remember, each of these areas have their own nuances and require specific knowledge. Utilize the resources here at BP to educate yourself and make informed decisions.

Your offer to buy dinner and a beer is certainly generous, and I'm sure you'll find plenty of takers! Nothing beats face-to-face interaction for building solid business relationships.

Again, welcome to the community. We're excited to see where your journey takes you. Here's to your success and happy investing!
[email protected]
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Dmitriy Fomichenko
Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
3y
Welcome to the BP community @Cindy Lindberg ! Great that you joined the site!

Find and connect with other BP members that are in your area: https://www.biggerpockets.com/...

Wishing you the best!
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Basit SiddiqiBusiness Member
Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
3y
It appears that you currently live in the Condo that you are planning to either rent or sell when you acquire your new property.

You may want to have a conversation with your CPA regarding section 121 exclusion and whether it would apply upon sale.

Best of luck
[email protected]917-280-8544
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