All Forum Posts by: Ali Nichols

RJ - congrats on looking to get into the game. Colorado presents some incredible opportunities and it's always good (if you can) to invest in your neck of the woods. Working to the advantage of Colorado is relatively low property taxes, net migration, and overall asset quality. 

Personally, I don't think you can go wrong with investing in the northern I-25 corridor (i.e. North Denver all the way up to Fort Collins, Severence, Greeley). 

Are you targeting single family or small multi-family?

Hey Ricardo, as Alecia mentioned, go ahead and leverage platforms like Zillow and Apartments.com to get a gauge of what rentals are going for in the area that you see as comparable to the subject property. Take note of how much supply is online, try to ascertain if units are moving off the market quickly or slowly, and be cognizant of seasonality. 

@Gerald Moore with this thread coming back to life, how is the process going? Found some acquisition opportunities as of late? 

There is a really nice sweet spot for small multi-family. Too small for large institutional investors and too daunting for casual real estate investors. With SFR at a bit of standstill, I wouldn't be surprised to see more institutional activity; The Veritas's of the world, etc.

Hey Jodey! Sounds like a great opportunity that investors will love. Outside of the typical MLS listing process wherein you could have one MLS for the bulk and then other MLS #'s for the individual sales.. you could also look at placing the bulk opportunity on sites such as Loopnext and Crexi.

What about a build to rent community? Operates like a multi-family but lives like single-family. I think there are some developers in Tarrant county selling or breaking ground. So long as the big institutions are not gobbling them up.

Welcome to BP @Maria Ramos! Would love to connect sometime. What are you hoping to accomplish this next upcoming year??

Thanks for sharing @Andrew McGuire. Insightful. With your seller financed acquisitions, a few questions: 

1. How are you finding sellers willing to entertain the idea? 

2. What motivations do the sellers have? What kinda of interest rates are they entertaining at what terms? 

3. Say you get it under contract, how do you handle title/escrow/loan servicing? 

Yeah, I think the big institutional players are nearly at a net dispo phase but they are buying up new build homes from builders at bulk discounts and some players likely still have some debt facilities that are well below what retail investors can get. 

Good stuff Robert. What's next for you?!