All Forum Posts by: Alison Shurter

@Tek Chai Yeah it's hard to see properties that are worth under a million on the westside these days! 

Since you're more seasoned in the investing field, how does the Denver market look to you? Anything about it that you find unique/tips to keep in mind when looking down the line?

Cheers!

@Bill S. Looking at Denver, it's a dream compared to Los Angeles! 

I was pretty convinced I would have to kiss my dreams of home ownership & REI goodbye once I got a feel for things out here. Being able to get your hands on a 3BR for 300k or less is mind-boggling (especially since I'm currently spending $1000 to rent ONE bedroom of a small 2BR apt in a not-so-good part of Hollywood.... and that's a good deal! o.o)

I'll definitely try to learn as much as possible before my move, and save save save! Trying to get an idea of Denver vs. here, how many first-time homebuyers do you usually come across at Reliant? Are they younger like me, or more established/families? Price range & neighborhoods they usually prefer?

I'm also curious to know if there are any buying anomalies in Denver vs. other markets - do you see any trends in Denver that you haven't heard of in other markets?

Thanks so much for any insight that you have on these things!!

@Matt M. When I first move I was definitely going to rent for just a bit regardless, just because I wouldn't want a situation where I'm looking for actual homes out-of-state, especially if I go in with someone else I would want to give as much to the deal as possible in terms of sweat-equity, which would include some scouting! 

What risks are there to going it alone? I am apprehensive on going it alone simply because of my real-life knowledge of it all, I don't want to sign into something that's over my head without knowing it- Theory to practice is always a big leap!

 Yes, I was definitely planning on a live-in situation, in Denver, but waiting here in Los Angeles on my current situation until I can fully afford going into a house without a partner/financier of any sort. 

Super helpful tips, thanks so much for your input! 

Awesome thank you @Account Closed so much for the feedback. Maybe I can even rent from someone on BP looking for tenants to start my first relationship out there haha! 

In reference to #4, there's an awesome e-list from a site called www.any.do that I use. It has exactly that - and you can put dates on the things in the "Soon" column so that it shows up in your "now" right when you need it to. Good way to push you to keep the right things in mind as you go down the funnel. 

Great advice, it turns thoughts into actions so much quicker. 

thanks guys! Happy to be here!

I'm pretty tenacious, I definitely hope to follow that advice, @Shawn Ackerman!

Hi, all! 

First time investor question: 

I am seriously looking at the Denver market for a first investment, because it's such a good deal for the money and a perfect place for a property since the market seems to be exploding. The only issue - since I am going to be a first-time investor, I would highly prefer to go in with a more experienced partner/investor, and put in plenty of sweat equity to the property to get it going. I've done something similar before (no equity, but on-site property management & flipping in college on one of my parent's properties. Refurb bathroom, backyard, & keep tenants in the home) Parents are capped on properties as of yet (7) so they regretfully declined the opportunity. 

I still want to invest while the market is good, I don't know whether it'd be a better idea to 

1. Stay in Los Angeles & save enough money to go into the property alone on an FHA,

2. Relocate first and then hopefully foster relationships that could turn into a partnership once I'm there, or 

3. Start looking for an investor while I'm still in LA and move once that's secured (which seems the most challenging in terms of networking, but least risky in terms of income). 

Any and all recommendations would be super helpful. 

(P.S. I was planning to relocate to Denver eventually anyway, I'm not JUST moving because of the RE market.)

I'm currently a Los Angeles resident, and I have always loved real estate! I want to learn as much as possible about how to own my first home (and subsequent properties!) potentially turning my passion for real estate into an investment reality instead of just a bucket list line item.

VERY interested in learning more about sweat equity, House Hacking, and duplex/triplex investments. I am also considering relocating, and would love to talk to others in Denver & Seattle about what those markets are like. :)

I'm more than happy to answer questions about Los Angeles, or give local feedback on property, life/valuable items as a renter, and anything about the Albuquerque/Los Alamos NM housing Market since I'm familiar with all of those topics personally. I've also been an on-site property manager for a house in NM, so can chat about that! Cheers!