All Forum Posts by: Norberto Villanueva

@Carole G. - a Colorado Springs based real estate professional since 2002, I can certainly help with a referral. Feel free to connect.

@Jonathan Baker - Quite the plan there. Chris covered many of the important factors to consider, to which I would add one with a clear understanding of your buy box. Is it equity return, cash flow, acquisition basis...? And when presented with an opportunity, will they have already factored for expenses including capex AND future maintenance? Do they understand and have contacts in the world of real estate finance, such as hard/private/bridge/portfolio lending? How comfortable are they with assignments, simultaneous closings, subject-to, deeds in lieu and such? 

A full service REALTOR in the Colorado Springs market since 2002, I represent Atlas Real Estate Group, a premiere real estate investment brokerage operating from Denver to Colorado Springs, and exclusive buyer's agent for the second largest single family homeowner in all the U.S.

All the best in your endeavors. Feel free to connect.

Your welcome Dennis. I look forward to meeting you and Mrs. Hackman.

@Account Closed - Thanks for RSVPg. Looking forward to meeting you then.

Thanks Jerrod! Looking forward to meeting you and the Mrs!

@Jarrod Deines - Thanks for your post. Go Navy! Former STG2 here. Colorado Springs is a great place to live with excellent quality of life and lots to do especially if you're the outdoorsy type. Sandwiched between Denver's booming and Pueblo's lagging economy, there's great upside potential here too, especially for buy and hold. 

All the best with your upcoming move to Colorado Springs and your future investing.

@Dennis Hackman - thanks for posting. And welcome to the strong rental market that is Colorado Springs! Assuming you live in the area, you are well advised to invest in your back yard and, what better back yard than one with low inventory, high demand and showing strong appreciation?

IMHO, a buy and hold strategy is currently the best and not just because we are laser focused on providing turnkey solutions that help clients build long term wealth using it, but for all the factors that make it a seller's market.

We're hosting a networking event that explains our approach on August 16th. The link to RSVP is here: https://www.biggerpockets.com/forums/521/topics/34.... 

Please join us! Feel free to connect.

Buildium incorporates tenant screening and more into their platform. 

A retail broker for the majority of a 14 year career in real estate, I'm here to say all analyses are not created equal. Using the typical sales comparison approach to analyze a "3 bedroom 2 bath", forever home you know, where one creates a CMA based on what similar comparables have sold for to determine what it's worth, is a world away from analyzing the exact same investment property across the street, both for the very different buyers and the real estate professional involved.

Take cash-on-cash return. A brief snapshot in time, not only is it a concept that doesn't even come up with the typical home buyer, it also fails to provide a complete assessment of the situation. Because it is simply a ratio of the property's annual net cash flow and the initial investment, it does not consider the changes in equity that happen with amortization, one of the most salient aspects of investing in real estate, unlike what is obtained using a cash-on-cash return with equity analysis.

A reasonable client recently rejected a potential deal based on the disparities that exist between what an online buy and hold calculator showed for cash-on-cash return versus my analysis, which showed a 4% improvement in ROI by taking principle reduction into consideration. So what appeared to be a 6% cash-on-cash return in the calculator referenced was actually a 10% cash-on-cash return with equity.

There's an excellent article on the subject here: http://www.realestateanalysissoftwareblog.com/2011....

Taking property management, maintenance and other factors such as principle reduction into consideration, the models and pro formas we use to analyze potential real estate investments provide a cash-on-cash with equity analysis which, in my humble opinion, is a real world analysis of each and every investment scenario.

Happy investing.

@Account Closed - Thanks for posting. The reasons you cited for questioning Pueblo long term's sustainability are strong deterrents in any market. Albeit at a much higher price point, the Colorado Springs market is running strong and appears to be a much better prospect for the long term gains of the turnkey, buy and hold strategies you mentioned and on which we're focused. Check out this event on August 16th to learn more. https://www.biggerpockets.com/forums/521/topics/340096-real-estate-investment-hour-colorado-springs. Please feel free to connect.