All Forum Posts by: Adam Gusky

Hey all,

We've reached out to a few lenders in Denver as we're looking to buy our first SFH (to live in).

We have great credit and everything, and the best rate we’ve gotten is 6.25%. Has anyone seen lower rates than this?

Just want to make sure I’m not leaving anything on the table before going with this lender.

Thanks!

Quote from @Nicholas L.:

because you won't build wealth buying random properties thousands of miles away unless you already have hundreds of thousands of dollars at hand

it's much better to be hands-on

if your immediate area is too expensive look 1-2 hours away

What about finding a realtor that invests and can help you find a good property and estimate the work for you, then find a good pm through referrals with contractor connections? I know it’s not easy by any means and things can go and likely will go wrong, but what is the issue with this approach?

Quote from @Nicholas L.:

@Adam Gusky

find a closer market you can drive to

 Why?

I'm about two months into researching out-of-state investing. I'm starting to talk with real estate agents and find myself analyzing deals every night.

I'm curious how much research you did before purchasing your first property, as well as if you did more research before buying it, or you wish you bought it sooner

Thanks!

Hi @Fran Bourassa and @Jason Bilbrey - thanks for the responses! I've been analyzing a lot of properties in the Appleton area, Madison area, and Janesville area, and am curious on the strategies current Wisconsin investors are using. I'd love to hop on a call with either of you and hear about your experience investing in Wisconsin so far.

Hello, I am deep in learning about real estate and more specifically out of state investing. I’d like to connect with some folks in my area who are currently executing on this strategy and hear more about their experiences.

If you’re willing to share, shoot me a message!

Quote from @Candice De:

I flipped my first house this year in Denver - mid-pandemic.  It is definitely competitive here, but I think as with any real estate investing, there are deals out there.  I had to convince myself that the risk was worth the reward, which it was, but it would have been nice to start in a cheaper market!  If you already know the drill, there is plenty of opportunity here in CO.

Do you think it’s still possible/makes sense as of today to flip in the Denver (metro area) market? Not really thinking about doing this, but if I did it would be my first flip.

Hello BP, I am searching for connections currently investing in the 920 area. I am in currently in Denver but was born and raised in Appleton. I am looking to chat with current investors in the 920 area (Green Bay, Appleton, Neenah, Oshkosh), etc. 

If you start today with 25k, what market are you picking, and are you buying multi family or single family?

Quote from @Nicholas L.:

@Adam Gusky

that's a big range.

why not pick a market that is local - within a few hours driving distance?  this will allow you to be hands on and build a network in a way it is not possible to do thousands of miles away.

I’m in Denver and it’s just too expensive.