All Forum Posts by: Annick Coston

Hi @Dana Nicole Webster, I actually work on Craig Curelop's team (mentioned above by @Jeff Schemmel thanks!!), and we have a meet up for house hackers in Denver where Craig will be speaking next Wednesday, August 3 at 6 PM at Blake Street Tavern. We'll have free drinks and appetizers, and it's a great place to meet other house hackers. Would love for you to join us! Otherwise, happy to connect with you and chat through some of these things! 

@Serge Pedroza I know I'm catching you a little after the fact--if you still need recommendations, my team has a great list of handmen/airbnb cleaners. Otherwise, if you're looking to network with other investors in the area, we're actually hosting a meet up this Wednesday at 6 PM at Blake Street Tavern for house hackers/landlords/STRs. There will be a great group of people who are already running their own STRs in different counties around Denver. Would love to see you there!

@Cherie Tormey Hi Cherie! My team is actually hosting a meet up this Wednesday at 6 PM at Blake Street Tavern for house hackers/landlords/STRs. There will be a great group of people who are already running their own STRs in different counties around Denver/some of the counties out west--we've helped a lot of investors in the area find their niche. Would love to see you there! 

@Zack Dasbur Congrats on your first BP post! There's such a great community here, and I see you've gotten some good advice already, so I won't pile on, but if you're looking to meet some more landlords/RE investors in Denver, my team is hosting a meet up this Wednesday night at 6pm at Blake Street Tavern! 

Investment Info:

Single-family residence other investment.

Purchase price: $153,000
Cash invested: $20,000
Sale price: $236,000

This house was a live-in flip for us, and we used it as a STR. Most updates were DIY and were incredibly inexpensive!

What made you interested in investing in this type of deal?

Outdated house meant potential for equity and low mortgage payment. STR income helped with the mortgage payments as well.

How did you find this deal and how did you negotiate it?

Found on MLS and was able to negotiate down from list price, because it was extremely outdated and (imho) poorly decorated

How did you finance this deal?

physician loan (my husband was a resident at the time)

What was the outcome?

Made about half our mortgage back in airbnb/vrbo rentals, and sold for a decent profit

Lessons learned? Challenges?

Will be hiring out more in the future--this took a lot of time. We also decided to list a week after the pandemic lockdowns because we knew we were moving out of state and didn't know what the future held for the housing market. Obviously, in hindsight, we could have made more if we'd held onto it.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Our lender is incredible for anyone looking for a physician loan. Unfortunately, we had a terrible experience with the realtor who represented us on the buyer's side. For that reason, I decided to become an agent myself in the Denver area. I highly recommend myself ;)