Hello from Colorado Springs!

[Jessica Mead]

Hello BP’ers!

I am excited to jump into the forums here and start meeting people! Here's a little bit about me... I am in the early stages of my REI journey – as in, loaded with (probably too much) information and excited to pull the trigger once the right opportunity presents itself! As I'm sure many people have experienced in the beginning, there are some speed bumps I'm trying to get over as I get started and am hoping to find the connections or advice that might give me the nudge I need to keep moving forward.

I am looking to buy fix & flip properties (or those with good BRRR potential) in Colorado Springs and the surrounding areas (including Fountain, Security, and Peyton). As a newbie, here are some of the big questions I am faced with right now:

1. “Is this the right deal?” The infamous analysis paralysis – I feel like I have a few good opportunities that could work in my favor, but think I might need some friendly advice to help push me forward…
2. “Should I use an agent for my first deal?” To my first point, I am thinking that working with an agent for my first deal might be the way to go. Anyone have thoughts on this? Or recommendations on a good agent for investors in the Colorado Springs area?
3. “So, how do I fund this thing?!” Funding is probably my biggest hurdle at the moment, and am leaning towards hard money for my first deal. I would love some referrals for good hard money lenders or recommendations for another strategy.

All of these questions and more… It comes down to finding people smarter than you, right? So, feel free to reach out as I am always looking to make some new friends! 

Looking forward to hearing thoughts on any of these questions from those smarter than me!

[Odie Ayaga]

Welcome @Jessica Mead! Must be a lot goin' on in Colorado Springs I keep seeing them pop up and don't even have 'em as a key alert. Regarding a realtor, if you aren't going to get one then you should only be looking at non-MLS properties since all MLS properties (unless their FSBOs) are going to have agents. Regarding hard money, first figure out what it is you're looking for. What LTV do you want or need? What interest rate? How many points? What's your minimum loan term? once you know what you're looking for it's easier to find it.