All Forum Posts by: Brett Deas

 Unless your in Denver. They now tax the landlords and that money goes to free representation for every tenant so evictions now evictions will almost always go to court. 

Okay well......

In Colorado, everyone is a Broker. Says it on our license. 

I know in other states everyone are brokers as well. 

It depends on the are with rent rates, but I would suggest the multifamily route. It is easier to scale and handle risk with multifamily. Additionally rent increase are essentially doubled or tripled if you don't live in it any more because of the unit count. 

First I would ask why are you holding on to a negative cash flowing property? If you are looking for appreciation stocks are a much better long-term investment. 

My next question would be what are you trying to protect it from? Vacancy? 

I guess I need more info to help answer. 

I think if you are buying everything in your name you will be fine as long as you have a green card. If you are a non-citizen it may be tough on the lending side but I have never had to deal with that before. I know if you are buying as an entity as long as it is based here in the states you will be fine. 

I am not sure about the 5 mile mark, here in CO it is just 30 minutes away if they are 'on call'. I would ask some local nurses on what the deal is there and some other investors as well. Obviously the closer they are the better they will do because no one loves commuting. 

What happens if somebody wants out? Divorce? Death? 

Those are a few of the major points I left out of my first agreement (never became a problem) but when doing something with family it is key that those points are included. 

Littleton is a great location as a suburb of Denver, depending on the area you are in. I say the more southeast you get typically the better it is. Now don't get me wrong there isn't any terrible part of town but the north side is typically a bit rougher. I think for the foreseeable future rents will slowly rise with house prices as people who are moving here cannot afford Denver prices. 

CO has some rules but they are easy to get around depending on where. I am also unsure of what resort towns you are looking at in southern Colorado as there aren't many. I can also tell you that seasonality is a huge aspect. In the winter it is hard to reach some of those places with snow so it leads to a lot less occupancy. 

"Secret Sauce" is being better than the next guy. Selling real estate is not hard and many people have their license. You just have to be willing to outwork the next guy to get more business. Wether that is networking, social media, or paid ads. People do it all and there isn't an untouched place that an agent hasn't tried.