All Forum Posts by: Aubrey Maldonado

@Max Ferguson awesome!

@Ben Tharpe, just sent you a DM. 

Investors of all experience levels are welcome to attend and you'll find there is a varying degree of experience among members. Our goal is for this to be an approachable group where people can share ideas and experience.
Our speaker, Justin Hermes, has been doing real estate for quite a while and is a property manager. His father also worked in real estate here in the CO Springs area, so Justin is a wealth of knowledge.

Join us at our next Pints & Properties event in Monument, CO to hear from Justin Hermes of The Property Group! 🍻🏘️

Justin is bringing years of knowledge and experience in the Colorado Springs market to talk about the long term success that comes through real estate investing.

📍 Pikes Peak Brewing Company - 1756 Lake Woodmoor Dr, Monument, CO

📅 November 12

⏰ 6:30-8:30 p.m.

Come to Pints & Properties to build your community with like-minded people who are motivated to build wealth for their futures.
We meet the second Tuesday of the month over “pints” to share knowledge, experience and insight about investing in “properties.”
Even if you don’t know anything about real estate, or you invest in other assets, you’re welcome to join us and share your story.

This month, Josh Surver will be sharing about finding real estate deals that you can invest at 2-3% interest rates. Is that even still possible? Yes! Come and find out how.

Come to Pints & Properties to build your community with like-minded people who are motivated to build wealth for their futures.
We meet the second Tuesday of the month over “pints” to share knowledge, experience and insight about investing in “properties.”
Even if you don’t know anything about real estate, or you invest in other assets, you’re welcome to join us and share your story.

This month, Josh Harstine with Strategic Navigators will be presenting on the topic, "Property and Tax Strategy: Keeping Your Money and Putting it to Work."  We'll be in the Barr room, which is on the back side (North) of the brewery, from 6:30-8:30 pm.

 Hey Robert! We'd love to have you. We're planning on the 2nd Tuesday of every month and the next one is scheduled for September 10.

Join us for our first-ever Pints & Properties in Northeast Colorado Springs! 🍻

We are excited to start this new meetup for real estate investors and enthusiasts 🏘️

You don’t need to be a real estate investor to come. If you have any interest in building wealth for your future, come on by the Barr Room at Pikes Peak Brewing Co. and hear our story. Aubrey and Chris Maldonado will be sharing how they went from putting ZERO down on their first house to having over $180,000 in equity.

📍 Pikes Peak Brewing Company - 1756 Lake Woodmoor Dr, Monument, CO

📅 August 13

⏰ 6:30-8:30 p.m.

Speakers: Aubrey and Chris Maldonado

See you soon!

Aubrey Maldonado // Opulent Group brokered by eXp Realty

📲 719-629-7255

📧 [email protected]

 That's great! I hope the section 8 situation works out for you. It would be a much more stable way to get closer to covering your mortgage, for sure.

With the growth that is still expected in the CO Springs area in the coming years, I'd try to hold onto it as much as makes sense. 

If you're shooting for a ~26% increase in rent to cover the mortgage, rent by the room does sound like the best scenario in your situation to be able to keep your investment as long as you can get the right group of renters to join in on it. At least, if you advertise each room separately, you're placing people in a house who might not have otherwise found each other and can get a house more affordably than they would on their own. I'd give it a try!

As @Jefferson Black pointed out, furnishing a rental is a hefty ticket and the turnover can be a lot to manage (esp. if you happen to be out of state/country). If it doesn't look like there's enough margin to make it significantly greater than renting by the room, I wouldn't do it.

The cost is at least a big part of it. It's a tough job to do and there are only so many people willing to do that type of job. So, cost and the type of work both play into finding reliable cleaners.