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Updated almost 9 years ago, 02/25/2016

User Stats

5
Posts
1
Votes
Shannon Connell
  • Denver, CO
1
Votes |
5
Posts

New Investor from Denver/Boulder area

Shannon Connell
  • Denver, CO
Posted

Hello BP Community,

I'm a part of a new investor team split between Denver and Boulder, and wow - what a great community site!  I am fairly new to real estate investing - my experience is limited to 4 purchases and 2 sales.  I have a background in marketing and financial analysis.  I are planning to invest in existing housing between Denver and Boulder; ideally fix and flips in the $180-$250K range.  I would love to get experienced investors perspectives on Broomfield, Westminster, Thornton, Longmont and surrounding areas.  I'm interested in connecting with other active investors in the area as well as real estate agents, especially if you have experience in short sales.  

User Stats

499
Posts
129
Votes
Kevin Grinstead
  • Realtor
  • Denver, CO
129
Votes |
499
Posts
Kevin Grinstead
  • Realtor
  • Denver, CO
Replied

Hi Shannon, 

Welcome to BP. There is great community and lots of information here available. I have not worked on short sales but I also have a plan to work with investors on Fix and Flips here. I think there are a lot of opportunities if you are diligent in searching.  I would love to connect with you and see how I can assist you in obtaining the goals of your investment team. 

Kevin Grinstead

User Stats

5
Posts
1
Votes
Shannon Connell
  • Denver, CO
1
Votes |
5
Posts
Shannon Connell
  • Denver, CO
Replied

Thanks Kevin!

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User Stats

87
Posts
24
Votes
Adam Kroll
  • Real Estate Agent
  • Boulder, CO
24
Votes |
87
Posts
Adam Kroll
  • Real Estate Agent
  • Boulder, CO
Replied

what aspects of short sales are you concerned about. Also, why is this a focus of your strategy? 

User Stats

47
Posts
6
Votes
Sean Gilliam
  • Real Estate Agent
  • Longmont, CO
6
Votes |
47
Posts
Sean Gilliam
  • Real Estate Agent
  • Longmont, CO
Replied

Welcome to BP Shannon!  This site is a great resource. I'd be glad to connect and be on the lookout for potential properties.

User Stats

137
Posts
36
Votes
Bill Florence
  • Investor
  • Boulder, CO
36
Votes |
137
Posts
Bill Florence
  • Investor
  • Boulder, CO
Replied

Welcome ! 

User Stats

75
Posts
12
Votes
Gina McKee
  • Real Estate Agent
  • Mead, CO
12
Votes |
75
Posts
Gina McKee
  • Real Estate Agent
  • Mead, CO
Replied

Welcome to the site!

User Stats

5
Posts
1
Votes
Shannon Connell
  • Denver, CO
1
Votes |
5
Posts
Shannon Connell
  • Denver, CO
Replied

Thanks all for the welcome!  Adam K. - Regarding short sales; this isn't necessarily the focus of my strategy.  I'm interested in acquiring solid properties at good prices so I'm expecting to look at properties to buy that are in many different stages of ownership.  This is just an area where I don't have any experience.  Thanks for the question!  

User Stats

4,406
Posts
2,884
Votes
Bill S.
Pro Member
  • Rental Property Investor
  • Denver, CO
2,884
Votes |
4,406
Posts
Bill S.
Pro Member
  • Rental Property Investor
  • Denver, CO
ModeratorReplied

@Shannon Connell short sales are history for the most part. They can happen but with the appreciation we have seen unless the situation is a total train wreck most people are able to get out without going the short sale route. I'm sure there are still some but the volume is so low that it's hard to find deals in that space.

  • Bill S.
  • User Stats

    5
    Posts
    1
    Votes
    Shannon Connell
    • Denver, CO
    1
    Votes |
    5
    Posts
    Shannon Connell
    • Denver, CO
    Replied

    Thanks for the info Bill S

    User Stats

    1,391
    Posts
    511
    Votes
    Dan Mackin
    Agent
    • Real Estate Agent
    • Erie, CO
    511
    Votes |
    1,391
    Posts
    Dan Mackin
    Agent
    • Real Estate Agent
    • Erie, CO
    Replied

    Come on out to the Erie Meetup next month to meet some local folks who can give you a good idea of where and how you can be looking for those deals that will make sense for you.

    https://www.biggerpockets.com/forums/521/topics/281370-north-denver-erie-colorado-march-16th-meetup-3-16-2016

    • Dan Mackin
    • 720-466-3378

    User Stats

    5
    Posts
    1
    Votes
    Shannon Connell
    • Denver, CO
    1
    Votes |
    5
    Posts
    Shannon Connell
    • Denver, CO
    Replied

    Will do Dan, thank you!

    User Stats

    64
    Posts
    27
    Votes
    Elena Jobson
    • Escrow Officer
    • Denver, CO
    27
    Votes |
    64
    Posts
    Elena Jobson
    • Escrow Officer
    • Denver, CO
    Replied

    Short sales are few and far between but they DO still exist. My colleague has one right now. That being said, short sales can take months, even years to close if ever at all. Good luck witheverything! Please feel to reach out to me :-)

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