Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Alaina Donofrio

Alaina Donofrio has started 3 posts and replied 8 times.

Wow to both the pics you posted! Interior is beautiful, and yep I've had to clear out vegetation, SUCKS! Literally back-breaking work.

Good job on lessons learned, and thank you for sharing your story.

Post: Offer accepted! Wish me luck!

Alaina DonofrioPosted
  • Denver, CO
  • Posts 8
  • Votes 9

Property is 2 houses on one lot, NOT a duplex. And I found it on Redfin, oddly enough he had taken it down from the site he had it listed on but it didn't get cleared from the aggregate sites. I was specifically looking for properties that had been active for a long time, this will sound weird but my thinking is this: when I go to outlet stores I always look at things that are NOT my size because some items just have off-sizing so people who are a small like me fit them, but anyone looking at their size (like a large) won't fit. So I was looking for the oddballs where maybe the SF didn't match county records or the price looked ridiculous, but then you read the description and find out it's two houses, or the house and adjoining chunk of land. I also look for 1033 exchanges because they're usually motivated to make the deal happen (time constraints). So I was looking for mislabeled or motivated properties. I bought my last few primary residences this way and, except this last one that I HAD to have due to it fitting everything that I want and need, have made money on them above appreciation when selling. 

If I sell my perfect place I'm in now I'll still make money, but I love it here and don't ever want to move :)

Post: Offer accepted! Wish me luck!

Alaina DonofrioPosted
  • Denver, CO
  • Posts 8
  • Votes 9

Well I did it! Found a FSBO deal, did all the math and while it's not the most amazing deal, but it's still really good: positively cash flowing ($200+ per door) in a solid up-and-coming area (I'm buy-and hold) and it's close enough for me to self-manage. Dealing with the mortgage company now, I have excellent credit so I'm not worried at all about getting the financing, it's making sure I'm not paying too much for it. Inspection is Wednesday, getting a sewer scope as well as it's an old (1920's) property.

Wish me luck! I'm excited! I feel like the dog that caught the mail truck :)

Hi! I'm looking to do my first deal and would love a recommendation for a realtor and property management company in Pueblo. I have my ducks in a row when it comes to financing, just looking for the boots-on-the-ground team there. Looking to eventually get up to 10 doors in the next two years.

Also, any advice for that area?

Thanks in advance :)

Thanks for the guide! I grew up there and have family in N Olmsted and Strongsville, so I know a little bit about the market. Granted I haven't been back in a while, so I'll definitely read up on trends! Thank you :)

Originally posted by @Kevin Grinstead:

Hi Alaina, welcome to BP. Meet ups are a good start as well as building your network locally for when you are able to invest here. 

I am not sure about Phoenix, I thought their prices were also a little high. 

Cleveland and other parts of Ohio seem to have some good Roi. 

I have also seen some good opportunities available in Tennessee and some other southern states.

Thanks for the response! What's your take on buying in a market where population is declining? I'm looking to buy and hold, I want a fairly passive revenue stream so not exceptionally worried about appreciation other than I don't want to lose money if/when I sell...

Thanks everyone for the responses! I'll look into local meetups :)

Hi everyone! I'm new to real estate investing, and my head is spinning from reading so much the last few months! I'm pretty sure I'm looking for a turn key property outside of Denver as it seems to be a bit crazy here, possibly Cleveland or Phoenix (as I've lived in both areas). Any advice? Is it worth going to any of my local real estate meetups if I don't plan on investing here?