Noobie doin' Arvada Colorado House Hack

[Alan Le]

Hello all!

Created this BP account over a year ago and I have not signed on since, man i've been missing out! Making note of this as my own mental commitment to be more active on here.

Anyhow, I closed on my first home back in early May after a couple months of battling it out in a veeerry hot market. Old 1961 house, with separate entrances to the upper and lower level; I suspect it functioned as an actual duplex at some point. I have been renting out the upper level since July and been working on converting the lower level, (where I currently am living out of), to it's own suitable "unit". The current project is converting the former wet-bar to a kitchenette in the lower level. The plan is to close on the next home around 1 year of primary residency at this current one to stay within the terms of my conventional loan and continue scaling from there.

When I am not at my 9-5 or poorly managing/working my home projects, I try to find time for bouldering and snowboarding. 

I am always eager and down to connect with other people with the same shared interest!

[Ben Rhodin]

Hey @Alan Le! Welcome back, and congratulations on the house hack! It sounds pretty identical to my house hack and rental here in Arvada. It's one of my favorite strategies for house hacks and rentals here in the Denver area. Sounds like you are doing most of the work yourself? I completely redid and finished the basement unit of my rental by myself over a few months as well, its tough work but well worth it in the end!

What are your plans for the next one? Stick to the same principle or change up and diversify a bit more? Would love to connect and chat properties, since we are so similar would love to see how you are handling yours, and if I can offer any words of wisdom either on your current one, or preparing for your next one!