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Updated about 8 years ago, 09/29/2016

User Stats

85
Posts
26
Votes
Holly Baum
  • Real Estate Agent
  • Loveland, CO
26
Votes |
85
Posts

Real Estate Agent in Colorado

Holly Baum
  • Real Estate Agent
  • Loveland, CO
Posted

Hello.  I stumbled upon the Podcast today and really enjoyed it.  I have had my real estate license in Washington State, where I started as a receptionist in Seattle at a property management and commercial real estate company. I worked up to being a commercial real estate assistant and my interest in real estate grew.  Then I received my real estate license in Florida where I was a Property Manager. Now, I'm currently licensed in Colorado working as an Agent.  Never a dull day in Real Estate!  Looking forward to learning more.

User Stats

7,831
Posts
1,138
Votes
Michael S.
Pro Member
  • Biggerpockets Support
  • Las Pinas, Metro Manila
1,138
Votes |
7,831
Posts
Michael S.
Pro Member
  • Biggerpockets Support
  • Las Pinas, Metro Manila
Replied

@Holly Baum

Welcome to the site, you got to the right place to learn REI.

  • Michael S.
  • 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 BP! I great resource. Are you planning on investing yourself in CO?

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    User Stats

    15
    Posts
    4
    Votes
    Sophie P.
    • Real Estate Professional
    • Mill Valley, CA
    4
    Votes |
    15
    Posts
    Sophie P.
    • Real Estate Professional
    • Mill Valley, CA
    Replied

    Holly Allen hi Holly, welcome to BP! I'm also a newbie but loving this community so far. I'm looking at investing out of state (I live in CA) and have been interested in Colorado for a while but feel like I've missed the bus on it. Would you mind sharing your thoughts on condo prices and the current condo rental market in your area? Is there a high demand for a certain type of property? Any tips would be much appreciated. Maybe we could work on something. Thanks so much!

    User Stats

    1,548
    Posts
    114
    Votes
    Marlon Wilson
    • Houston, TX
    114
    Votes |
    1,548
    Posts
    Marlon Wilson
    • Houston, TX
    Replied

    Welcome to Biggerpockets @Holly Baum

    User Stats

    15,169
    Posts
    11,247
    Votes
    Joel Owens
    Agent
    Pro Member
    • Real Estate Broker
    • Canton, GA
    11,247
    Votes |
    15,169
    Posts
    Joel Owens
    Agent
    Pro Member
    • Real Estate Broker
    • Canton, GA
    ModeratorReplied

    Hi Holly,

    It seems from your post that you have tried various different things trying to discover what you like.

    Are you planning on staying in Colorado now? Have you decided on SFR or commercial for your career? Sales or leasing?

    Long term results come from stability and a clear focus on a particular path. It's common the first year in the business to try out a few things. Become a specialist and not a generalist. Generalist compete on price for services. Specialists have increased demand and can choose who they want to work with and are sought out as the best in their field.  

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    User Stats

    7,340
    Posts
    10,044
    Votes
    Mindy Jensen
    Pro Member
    • BiggerPockets Money Podcast Host
    • Longmont, CO
    10,044
    Votes |
    7,340
    Posts
    Mindy Jensen
    Pro Member
    • BiggerPockets Money Podcast Host
    • Longmont, CO
    ModeratorReplied

    @Holly Baum, welcome to BiggerPockets.

    As an agent, you can let others know a little more about you by filling out your agent profile.

    This post shows you how to set it up.

    User Stats

    7,730
    Posts
    2,248
    Votes
    Paul Timmins#2 New Member Introductions Contributor
    • Specialist
    • Rockland, MA
    2,248
    Votes |
    7,730
    Posts
    Paul Timmins#2 New Member Introductions Contributor
    • Specialist
    • Rockland, MA
    Replied

    @Holly Baum

    Welcome. Fill in the foundation below.

    Check out the Start Here page http://www.biggerpockets.com/starthere

    Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

    Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). Find them through Google and meetup.com

    Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

    Consider checking out HUD homes for small multi's owner occupied gets first crack.

    You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

    Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

    http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

    Good Luck

    Paul 

    User Stats

    85
    Posts
    26
    Votes
    Holly Baum
    • Real Estate Agent
    • Loveland, CO
    26
    Votes |
    85
    Posts
    Holly Baum
    • Real Estate Agent
    • Loveland, CO
    Replied

    @Sophie P. I'm located in Northern CO.  There is a high demand for everything here.  They can't build fast enough to keep up with the population expanding so rapidly.  Condos and single family homes under $300,000 are gone the same day. It's still a great time to invest.  They are starting to connect the west side of the front range (Fort Collins and Loveland) to the east (Greeley/Windsor)  that was previously separated by farm land.  My tip would be invest in the eastern section if you plan to hold it for a little bit.  Prices are still pretty low their but increasing daily.  Feel free to contact me would love to help out in any way :)

    User Stats

    85
    Posts
    26
    Votes
    Holly Baum
    • Real Estate Agent
    • Loveland, CO
    26
    Votes |
    85
    Posts
    Holly Baum
    • Real Estate Agent
    • Loveland, CO
    Replied

    @Joel Owens thanks for posting that. I am planning on staying in Colorado, we love it here.  As for your question and comment about focus.  I have been contemplating this question for a while now.  And my end goal has always been to work with investors on smaller residential type properties (50-).  I've always loved working with the numbers and finding the best deals.  Excited to say that will be my focus going forward.  Thanks for helping me realize I need to decide that sooner rather than later!

    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

    @Holly Baum welcome. Your plan should be to hold onto a few of those good deals you find. Agency is a good job but wealth comes from Real Estate. Let some of that stick with you. Take some funds from a good month and good years and hold onto a few. You won't be sorry.

  • Bill S.
  • User Stats

    146
    Posts
    32
    Votes
    Joseph Graeve
    • Investor
    • Riverside, CA
    32
    Votes |
    146
    Posts
    Joseph Graeve
    • Investor
    • Riverside, CA
    Replied

    Hey @Holly Baum it sounds like you are on the right track with your learning progress and goals. are you interested in getting into fix and flips or rentals?

    I have experience doing both around Colorado and depending on your goals they can both get you where you want to be financially.

    Keep learning before you decide what you want to do. The Investor side of real estate is a lot different than the agent side and theres no use in deciding before you have all the information. I would recommend reading the ABC's of real estate investing as well as Millionaire real estate investor to help you decide. If flipping becomes your main thing I would be more than happy to offer my advice in that arena.

    Keep hustling!

    User Stats

    17
    Posts
    1
    Votes
    Mary Ann Wallace
    • Cape Coral, FL
    1
    Votes |
    17
    Posts
    Mary Ann Wallace
    • Cape Coral, FL
    Replied

    Hello Holly!

    I am a wholesaler wholesaling national auction properties in CO. I need an agent to help with comps and ARV. Can you help me with this? Also viewing the homes with a provided access code, would help in marketing these properties accurately. The buyers pay a commission of 2.5-3%.

    Thank you kindly,

    Mary Ann Wallace

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    User Stats

    85
    Posts
    26
    Votes
    Holly Baum
    • Real Estate Agent
    • Loveland, CO
    26
    Votes |
    85
    Posts
    Holly Baum
    • Real Estate Agent
    • Loveland, CO
    Replied

    What areas are you looking at?

    User Stats

    17
    Posts
    1
    Votes
    Mary Ann Wallace
    • Cape Coral, FL
    1
    Votes |
    17
    Posts
    Mary Ann Wallace
    • Cape Coral, FL
    Replied

    Hello!

    I am Mary Ann Wallace (licensed agent) from Cape Coral Fl. I am searching for a Colorado agent. It doesn't matter where they are located. I simply just need an agent to list as my end buying agent in my wholesale to buyer purchases in the state of Colorado...

    Please contact me through my profile contact information.

    Thank you kindly,

    Mary Ann Wallace

    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

    @Mary Ann Wallace where the property is located is important because while agents are licensed by the state and so can practice anywhere in the state, the board of Realtors controls the MLS which is where properties are listed. The agent listing must be a member of the board where the property is located. Sure an agent can buy membership in any board but it's really easier if you use an agent already a member of the area where the property is.

  • Bill S.
  • User Stats

    1,323
    Posts
    734
    Votes
    Teri Feeney Styers
    Pro Member
    • Real Estate Agent
    • Grand Junction, CO
    734
    Votes |
    1,323
    Posts
    Teri Feeney Styers
    Pro Member
    • Real Estate Agent
    • Grand Junction, CO
    Replied

    @Bill S. is absolutely correct - his MLS and market is totally different from my MLS and market. And the mountain towns are another animal as well. Find a "local" person...

  • Teri Feeney Styers