All Forum Posts by: Norberto Villanueva

@Trevor Kolb - Thanks for the intro. We are hosting a Real Estate Investment Hour presentation/networking event on July 19 in Colorado Springs as posted here https://www.biggerpockets.com/forums/521/topics/324201-real-estate-investment-hour-colorado-springs. Hope to see you there!

@Renee Kostermans - You were done wrong by the original tenant. And you should be leery of folks who threaten to sue if you don't x,y,z...that list tends to get longer. However, a bird in the hand beats two in the bush and, if the lady/squatter is able to pay you MARKET RENT, a standard deposit and passes tenant screening, keeping her might be in your best financial interest. 

Yes, I can put you in touch with a fair but firm property manager with close to twenty years in the business, if not more. Feel free to connect.

@Renee Kostermans - She needs to be evicted. As a local real estate practitioner, I am in touch with at least two local real estate attorneys that will get it done for you stat. Once done, please consider hiring a competent, local property manager who will lay eyes on your property and keep things inline. Feel free to connect.

Thanks Ryan! Hi Ivan!

Thankfully, the real estate commission approved Contract to Buy and Sell sets deadlines for receiving HOA documents and specifically allows the buyer to terminate in objection over such restrictions.

Real estate is cyclical. Definitely in the up cycle now, prices will continue to rise before an inevitable down cycle. Add historically low mortgage interest rates to the mix and we find ourselves in one of the best times to buy I've seen in a long, long time. And we're going back to 1997 with that statement!

The condo market is a great place to start. Typically priced considerably below detached single family homes, they tend to be very affordable and leave for very little guess work where rental rates and such are concerned due the usual abundance of comparables in the same and surrounding developments.

All the best!

Hi Devon. Like others, I don't see a good return on that triplex. However, when you find the right one and decide to move after fulfilling minimum owner occupancy requirements, why would it be to a rental? Buy another, rinse, repeat and you'll build an enviable portfolio in no time!

@Account Closed - Please put me on your buyer's list. Able to buy with as low as a 5% cash on cash return for the right property, we are probably one of if not the strongest buyer in the area.

All the best!

There are 2,852 active listings as of this writing, 8 of them being detached single family homes with 3+ beds, 2+ baths below $150k. Median price $262k, average $290k. Point being with a $150k price ceiling, while doable as demonstrated by the $129k offer I recently submitted on one with a $195k ARV, there will be slim pickings.

With average days on market at 35, the Colorado Springs market is red hot. I would say especially at or below median values, but recently sold a $525k listing in 17 days, with multiple offers and above asking price. 

Yes, align yourself with a local professional. One who knows the market and is investor friendly, including the ability to creatively structure deals. Feel free to connect.

Hi Peter. If you haven't already, consider registering on Meetup.com then enter a search for "real estate", as an example. Besides BiggerPockets, this is an excellent way to network with like minded folks. ConnectedInvestors.com is also a great way to connect with both investors and hard money lenders on a broader scale. All the best! 

Thanks Ryan! I'll pay you later! ;) 

Hi Rebbecca! A Colorado Springs based REALTOR since 2002, I represent Atlas Real Estate Group in local efforts to help others build long term wealth with real estate. Feel free to connect. BTW, we are hosting a Real Estate Investment Hour in Colorado Springs on July 19th and hope to see you there! https://www.biggerpockets.com/forums/521/topics/324201-real-estate-investment-hour-colorado-springs

Real estate investing = affording to send your child to college. Real estate investing = hitting your retirement goals. Real estate investing = ____________. You fill in the blank!

Whether you are a new investor looking to get your start or a seasoned investor looking to either grow or diversify your portfolio, real estate investment expert Mike Hills will provide value as he shares his success story and explains how you can get there too. To learn more about REIH, visit http://www.realatlas.com/invest/real-estate-investment-hour/. 

Join other ‪investors working with Atlas Real Estate Group from Denver to Colorado Springs to build long term wealth with ‪#‎realestate‬. There was standing room only at the June 2016 event, so we've expanded to a larger facility, but seating is still limited.To RSVP, visit http://www.meetup.com/Real-Estate-Investment-Hour-....

Did we mention it's a FREE event? Food and beverages will be provided. Free parking is located onsite.

Real estate investing = affording to send your kid to college. Real estate investing = hitting your retirement goals. Real estate investing = ____________. You fill in the blank!

Whether you are a new investor looking to get your start or a seasoned investor looking to either grow or diversify your portfolio, real estate investment expert Mike Hills will provide value as he shares his success story and explains how you can get there too.

To learn more about REIH, visit http://www.realatlas.com/invest/real-estate-investment-hour/.

Did we mention it's a FREE event? Food and beverages will be provided. Please RSVP here: www.meetup.com/Real-Estate-Investment-Hour-Colorad...

Located in the Kirkpatrick Building at the intersection of Cascade and Bijou, there is free parking in the lot next to St. Mary's Cathedral. Easiest entry is off of Bijou traveling west of Cascade.

See you there!

P.S. - There will be no books, seminars, CDs, etc for sale at the event.