All Forum Posts by: Alex Pearson

For me, I guess fear. Not knowing which strategy will work best. Trying to educate myself while I figure out the right/best approach. Plus this market (Denver area) isn't easy to get started in. I have an opportunity with the condo we are currently living in. Lots of equity. Rent from it should provide decent cash flow, if we could find another place to live. Not sure how to proceed on that strategy yet though. So for now, just doing a lot of reading and getting educated. I know at some point I've got to jump in with both feet and just get the ball rolling.

Yes the Denver Market is hot. Have you thought about looking at properties to see if you moving into one makes sense?

depending on your situation I would be looking at an owner occupied multi. You could do a cash out refi and use that money as a down payment for your new property.

Hi @Frank Patalano. I have considered this possibility. As I'm in my early 50s and not single, it is not an ideal option. But you do what you have to do to make things work I guess. Again still considering it. Also looking into flipping, wholesaleing and long distance options.

Thanks for the feedback!

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Originally posted by @Dmitriy Fomichenko:

@Alex Pearson

Welcome to the BP family! Glad you joined the best real estate investing website!

Wishing you the best!

Thanks Dmitriy!

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Originally posted by @Ian Gilligan:

What's up Alex! Never too late to start, man! And I know, what an incredible resource BP is, right?!?! Godspeed in your endeavors!

Thanks Ian! I appreciate the motivation!

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Originally posted by @Ian Parrish:

Welcome to the forums, Alex. It’s funny you mentioned you’re a Jeep owner from CO. I might not have responded, except that I’m a life-long CJ owner and Ouray, CO is one of my favorite ice climbing destinations. Small world.

As far as real estate goes, I’ve been buying property professionally for 27 years, I own a small portfolio of property between Jacksonville, FL and New York City, I’m a Class A commercial developer in Maryland where I live, and I serve as President of America’s oldest school for real estate investment which was founded by my father, Charles. My family also owns a real estate auction company. Educating others is how I’ve been able to multiply my investing efforts across the country; so if you’re looking for some guidance and/or a partner, I’d enjoy the opportunity to call my next trip to CO a “business trip” and to come out and collect create some income together.

Ian Parrish

My love for jeeps started with the old CJs in the 80s. Love Ouray. Its a beautiful little mountain town. Been off-roading outside there and made it over Black Bear Pass, I'm proud to say. Thanks for the offer of guidance and partnering. I'll probably reach out with questions once I have some education under my belt and determine a plan. I've been thinking that partnering would be a good way to go since I only have around $30k to get started and having someone who's been around the block to learn from makes a lot of sense. Thanks!

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Originally posted by @Justin Windham:

@Alex Pearson

Welcome to Bigger Pockets!

This is a great place to learn and network. A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.

Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/pro

If you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/

The site has quite a few tools that can be helpful for new members. I like the search features: https://www.biggerpockets.com/search

Thanks Justin. I'm looking forward to networking here once I get rolling!

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Originally posted by @William W. Humphrey:

Hi Alex, Welcome to BP. As you are coming up with your strategy, keep in mind that your retirement account (401(k), IRA, etc.) may be able to invest in real estate to produce tax-advantaged returns for you.

Thanks William. Great advice.

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Hi all,

New member here. Joined last week and been poking around to get a feel for the place. I can't believe this site is here as it seems like an incredibly fantastic resource! I am looking to get started in REI to supplement my retirement savings and have some additional post retirement income. I'm 52, so feeling a little late to the game. But I'm ready.

I have a Marketing degree but have worked in the IT industry for the last 25 years. I'm not much of a business-minded person so I know I have a lot to learn. I live in the Denver metro area. From my understanding, this is a difficult market in which to do REI (particularly flipping), but the rental market seems good so that is a possibility. I'm originally from Florida and it has crossed my mind to move back and make this work there.

Just general stuff about me: love the mountains and camping, drive a jeep and do some off-roading now and then, really love good food and good whisky.

Anyway, look forward to learning a lot and talking to you all.

Alex

2 Votes

All Forum Posts by: Alex Pearson

Alex Pearson has started 1 posts and replied 8 times.

Post: So what's holding you back?

Post: So what's holding you back?

Post: New to BP and REI in Colorado

Post: New to BP and REI in Colorado

Post: New to BP and REI in Colorado

Post: New to BP and REI in Colorado

Post: New to BP and REI in Colorado

Post: New to BP and REI in Colorado