All Forum Posts by: Bob Vollmer

if you plan on attending, please RSVP. 

This meetup will go over: benefits of real estate, asset classes and their associated pros/cons, financing an investment, what to look for, quick analysis and other basic rules of investing in real estate.

@Alonso Fernandez Maldonado You should definitely speak with @Andrew Hoelzel. Super knowledgeable, exceptionally nice and just an all around great guy. He will help you get where you're going.

there's never a bad time to invest in real estate. It all depends on the numbers....

@Morgan MacGregor I've been eyeing GJ too. It's a very interesting place and I'm trying to learn as much as I can about it right now. @Teri Feeney Styers is a broker/investor in the area and she has some great information and knowledge on the local market. She holds a investor meetup like one a quarter I think. She would be a great person to reach out to. 

One of the greatest sayings, in my own personal opinion, is "hope for the best, plan for the worst". As in, if you've truly dug into your due diligence, ran the numbers with and without stress testing, established a good boots-on-the-ground team and you are prepared for worst case scenarios, then let 'er rip! If you feel like you've successfully done that, then you should feel good about starting your investing career. Having a team full of people you know very well and trust will undoubtedly be a huge benefit to you. No one has a crystal ball and they sure as hell can't predict what this property will end up doing for you. I can recommend that you take your time finding qualified tenants and have all of your policies and procedures written out and ready to go. It will save you a lot of stress and headache (which will still come, but not from the things that you can control). These two things alone can make a world of difference. 

Not sure where you're at on the west slope, but if you're around Glenwood Springs next Thursday, I'm trying to put together a little meetup. You can find out more by going to the events tab here on BP. Glad to see another west slope guy being active!

@Braden Burton Beautiful area! I don't know much about the market down there, but if it's anything like the rest of the state, it must be booming. 

Glad to see that there actually are some other investors outside of the front range! 

Will do @Shaun Morgan. hopefully more people find out about it and we can get something a little more regular going for us west slopers

I'm a local broker and investor looking to connect with other brokers, investors, buyers, sellers and anyone else who is interested in real estate. While the front range has a variety of meetup options, the mountains and western slope are lacking, so let's get together and start this new decade off with some positive action. 

Hi Marston,

I will echo what Bill said in that it's never too early to reach out to a lender. They'll help you determine what you qualify for and provide you with a great roadmap of how everything can/will play out. I lived in Fort Collins for 10 years before recently moving to the western side of the state. I still have one rental property and a lot of great connections in the area. Feel free to DM me if you would like some names and numbers of lenders, brokers, inspectors, etc. 

You will also want to narrow down your area. There is so much popping up between Denver and Fort Collins that you will quickly hit information overload by looking at such a large space. Things to consider: what size city would I like to be in? How far will my commute be? What activities/hobbies/interests are nearby? What type of "feel" am I looking for? If you're looking to "house hack", what would potential renters be interested in? Etc.

The front range, and the state as a whole, has a very strong and robust economy which has definitely impacted the real estate market. It remains a sellers market and prices just keep getting driven up. If you'd like to see the analytics, you can go to any city's board of realtors websites and they should have very recent and relevant statistics. For example, Fort Collins Board of Realtors posts monthly reports detailing the single family and townhome/condo stats. 

Feel free to reach out if you've got any other questions or concerns

@Teri Feeney Styers

I think it sounds like a great idea. I've been a part of the more formal meetups as well and they can become a bit of a chore. As much as I'd really like to be able to go, I unfortunately won't be able to make this coffee meetup as I'll be down in Montrose elk hunting with family. That being said, I would really like to attend future events! I would also like to sign up for your emails. I'll DM you my email address.