All Forum Posts by: Bryant Amundson

Righteous. Thanks for using real numbers.

@Michael Herr

@Assaf Furman thanks. That is a great elaboration, and yeah I need to build a team before anything because their is no way I can rehab a house... Unless it's made out of gingerbread... 
Also thank you @Brent Coombs. Your guys' insight is very helpful.

Can someone further elaborate on the BRRRR strategy please?

This is what I know: 

I pay X for down payment on a property. Then I rent it out, fix it up, etc... Then in Y amount of months I can refinance that property and pull my X down payment out to then use that X for a down payment on another property. 
Here's where I'm confused, in episode 169 of BP Podcast David Green talked about nearly paying off an entire mortgage then refinancing and pulling out all of that money. Maybe I heard him wrong, but maybe I just don't understand pulling money out of a mortgage or how the whole equity thing works. 

Disclaimer, I am new, I have no investments, but I am thinking the BRRRR strategy is going to be my go-to... That is once I completely understand it.

Pumped to read the wise words from the many minds that stumble upon this post.

Thanks in advance!

-Bryant

Does all of that apply in Denver as well? Or is it more manageable since it is a large city with a wider range of properties?

Interesting. Yeah with such a low budget/need for creative financing I'm going to look outside of Boulder, and maybe venture back when I have a little more capital. I just really like the idea of near campus housing.

Sweet thanks guys. It is off in the distant future before we live there/invest there. But I just want to get to know the area a little better before hand.

@Adam Kroll I actually have not done any research for boulder. I just wanted to hear about what's going down/been going down there for other people. I know I'm looking for $100-$200 per door per month.

As far as budget, regardless of what it is I am going to be doing heavy creative financing, thus why I am asking and trying to learn great creative techniques. But I just learned Boulder prices are pretty high... I was hoping sub 100K

@Alexander G. How about single families in boulder. And also doesn't necessarily have to be right next to campus. I know I commuted 2 miles. Other friends commuted 3+

Thanks @Kyle ScofieldI just downloaded it! 

My fiance and I want to move to colorado in a year or so and I am wondering about student rentals in boulder. I know its a college town and I want to know what successes people have seen as well as not successes (not necessarily failures) 

We (mostly just me) want to invest in small multi-families near colleges. What are some things to look out for when renting out to college students and what preparatory steps need to be taken to be well prepared for this market. 

DISCLAIMER: We have not yet purchased any properties and I am brand new to BP. And looking to seek knowledge from all the great minds in this community!

Thanks