All Forum Posts by: Brett Deas

I have seen some investors do well in west pueblo, with all of the new development they have ridden the appreciation wave well and cashflow well too. 

 3 months of all expenses

2 things

1- Make sure you have atleast a 3 month cushion going into a property of this price and size, you never know what could happen once you buy it.

2- Structure the DP/gift payment in a way that there is no taxes involved. I am not an expert on it but if you have to pay taxes on that money it will be killer, and there is certainly ways where you dont have too. 

In my experience they rarely audit you. But while you are there for your "14 days" I would take a picture or two to prove you were there so if they ask you can show them. 

I would go to Youtube. It is tough to find RE specific ones but YT can easily reach the basics and you can expand from there based on the capabilities you want it to have. 

That is certainly a good amount to work with. The BRRR would have to be a great deal but it could definitely work. Definitely find a hard money lender that will cover the rehab costs, and just know that you wont be finding a place for that price in capitol hill or areas like that. Looking out in Lakewood or commerce city could be great places to find some deals.

I have explored building 4 units in my area. I really like the build-for-rent model as it's a little more recession-proof if you keep it to rent afterward. I would definitely use someone who has done a build for rent before as there are some changes to that vs a normal developer. Wish you the best of luck!

Meritage is pretty good at efficient temp control on building on their new subdivisions. There are also great solar incentives when you are building a home as well. Other than that the regulations aren't put in forth by the government on a massive scale yet. There are some rules for buildings bigger than 25,000 sq ft, but that does not apply to really any SFR.

 Those are the only numbers I look at as it's not my primary research tool. I'm sorry I don't have a better answer than that. Also some things to take a look at could be the census website as they track all of those things pretty accurate and are releasing interesting graphics and stats all the time. Also If you know the area of which you want to invest or are looking ta Title companies can have great resources as far as zoning and occupancy stats for the local area as well.

Are you using an agent? if so they should know the answer. Otherwise here in Colorado I just use XXX dollars a day for XX amount of days, opportunity to extend if XXXX circumstances are not met at the end of the first period. But language and verbiage differ from state to state so I do not know about WI.