Experienced Investor Clubs/Networking In Denver?

Question

Does anyone know of any experienced real estate investor clubs (networking groups) in the Denver Colorado area?

I have found CAREI and IRR to great, but it seems to me most of the events are attended by people who are fairly new or are wholesalers or sponsors.

New and experienced would be fine. Thanks.

Kristin Walter · Answer

I agree with Cj L.  I am originally from Houston, where the Real Estate Investment Club of Houston has a wide variety of experiences.  I have not found an investing club in Denver that is anywhere near that.  The closest I've come are the Wednesday morning Exchangor meetings at the Denver Board of Realtors. You can go as a guest the first time, you don't have to be a realtor, and they have deals they like to trade, but offer for cash too.  There are a lot of these exchangor groups throughout the state, that's a good place to start.  Otherwise, it's all about connecting with good people when you can find them. And yes, the courthouse is a good place to start.  You'll find a lot of competition there.  Remember, Texas is bigger with everything.  Denver and Colorado towns are just that--small towns in comparison to what we're used to.  Good luck!

Todd Hoffman · Answer

Glad I could help. No lunch or beer necessary. If you like a post you can simply click the vote button in the upper right corner of the post.

I like to meet and learn from investors, so I would be happy to grab a drink sometime with you when you get to Denver.

Todd Hoffman · Answer

I believe renav.com, a paid subscription site, provides consoldiated info and easy way to check comps, but much of the functionality requires a subscription. I think there is a free trial. I believe one of the founders of the company runs monthly auction classes. I have heard good things.

As you probably know typically the counties have most of the info online, but you typically half to use the assessor, recorder and trustee websites.
Denvers:
http://denvergov.org/apps4/eforeclosures
[url]http://www.denvergov.org/tabid/37889/Default.aspx?link=
http://www.denvergov.org/apps/realpropertyapplication/realproperty.asp&title=Real%20Property[/url]

The aforementioned is personal opinion and none of the content should be considered a binding offer or agreement. I make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information. I recommend consulting a qualified professional before acting.

Todd Hoffman · Answer

Hi Matt,

An early pre-welcome to Colorado.

As for Denver County auctions...
In Colorado auctions are held by the public trustees of each county.

Below is a link to the Denver County public trustee
http://www.denvergov.org/clerkandrecorder/ClerkandRecorder/Foreclosures/tabid/437349/Default.aspx

I have not attended Denver's Foreclosure Sale/Auction, but my experience is that the public trustees required a certified check(or other good funds) at the auction.

I would certainly speak to expert before participating as it is a buyer beware (caveat emptor) purchase: 
-No guarantee that the foreclosing lien is in first position
-No rights to inspect
-Can be redeemed out by other jr lien holders after sale
-Persons may still be living in the property and require eviction or other arrangements
-Lessees may have a grace period to leave
-All sales are final

I am not an expert and that is just my personal understanding.

The aforementioned is personal opinion and none of the content should be considered a binding offer or agreement. I make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information. I recommend consulting a qualified professional before acting.

Val Dufour · Answer

I haven't attended personally due to being deployed, but based on the contributors, some of them are experienced.

https://www.biggerpockets.com/forums/86/topics/80565-bp-meetups-denver-2013

I'll be at the June meeting and hoping some of you can make it too. I'm new, but like I said seems not everyone is....

Todd Hoffman · Answer

Thanks.

CJ L. · Answer

I haven't attended any in well over a year but I think you'll be hard pressed to find one that wasn't exactly as you described above.

Matt Shaw · Answer

renav.com - EXACTLY what I was looking for! Thanks. I owe you a lunch or beer (or both) when I get up there.

Matt Shaw · Answer

Todd,

It's VERY SIMILAR (except our sales are the first Tuesday of the month) terms here in Texas. No title policies, no access, cashier's checks on the spot, etc. etc. (this was a great page http://www.denvergov.org/clerkandrecorder/ClerkandRecorder/Foreclosures/FAQs/tabid/438586/Default.aspx)

We have a couple of companies (www.rexreport.com) that consolidate the general foreclosure information here in Travis county (DOT #, DOT date, DOT amount, county appraisal amount, sq., ft, etc.). Are there similar companies that provide such data in Denver?

Matt Shaw · Answer

Hey Todd,

I'd like to know as well. I'm currently a full time investor in Austin (25-35 flips per year), but in 2013 will be splitting time between Denver and Austin.

How is the Denver market? Seems to be plenty of opportunity via online auctions. How are the Denver county courthouse auctions?

Experienced Investor Clubs/Networking In Denver?

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