All Forum Posts by: Braden Hobbs

Welcome to the site Drew. I'm also just getting started here in Denver. Closing on my first home right now with my fiance, and will be turning that into a rental in a couple years. 

Hope to run into you at some point and best of luck!

Welcome Austin! I lived in the Fort Collins area for 7 years. I spent a little time researching into some properties for buy and hold up there to see if the numbers were better than Denver's right now. Both areas are tight markets at the moment. Hit me up if you have any questions about the Fort Collins area.

Welcome to BP! I'm new to BP and investing in the Denver area as well. Hope to cross paths someday!

@Tom Mole Great advice, thank you!

@Bill S. Thanks for the link to the contract form and I'll take a look at Land Title's class offerings.

Thank you for all the input guys. 

@Ned Carey Can you elaborate a little on your contract process. One of my main concerns is getting an interested seller on the hook and not having time to get my ducks in a row. It sounds like a good contract leaves some exit strategies? 

@Jon Holdman Thanks for all that auction information. For CO what methods do you use to check the title and any liens or money owed on a property. I use the county assessor's site but have noticed that it doesn't have all loans. One example I've noticed is if the owner has a HELOC on the property they have defaulted on, you see that as the NED but it won't be listed on the assessor's page.

@Tom Mole I hear you. It's a tough time in a person's life and they are definitely a little hostile. I'm still trying to figure out my best approach to relate with them and make them realize I'm trying to help them as well as myself.

Hey everyone. 

As a newbie here in Denver and trying to learn as much as I can before jumping into a deal, I'm curious as to what the options and next steps would be if I found a NED(NOD in other areas).

Let's say you find a NED that looks promising. From my understanding the first thing you should do is check the property records to see loan information on the property to check if it's the only loan etc. 

Say that all looks good what would be your next steps?

Thanks for the advice!

Thanks for the suggestions. I'll give them all a shot and report back what I found most useful. 

How do those of you looking at a potential buy/hold property determine what your average rental income will be. I know some sites give you an estimate on expected rent, but I've noticed those are pretty hit or miss. Just curious as to how you all are doing it. 

Thanks for the dates. Will definitely be trying to make this months meetup!

Can't make it now. Darn, was hoping to meet everyone. Next month it is I guess!