All Forum Posts by: Bryce Sawyer

@Bill S.

I am going to have to ask an attorney. I did find C.R.S. 24-72-201 et seq.

It states that criminal justice records may not be used for solicitation of business for monetary gain. But it also states that any person can request records and they are not required to state a purpose nor is the custodian of the records allowed to ask said person to provide a reason. 

This is why I am going to ask an attorney. It seems to me that this "Addendum A" would have been short lived if there wasn't a statute to support it. 

@Bill S.

I have asked myself similar questions like the example you give. That is why I reason that there is a way to get the information without filling out a form that would require me to agree not to use the information in the way I want to. 

A mentor suggested to simply fill out a CORA request form. I google searched the form. I found a form on the DORA website. The CORA form does not require me to reveal my intentions. The next thing I am trying to figure out is where I should send this CORA request. Something I read on the DORA website made me think I have to send it to the custodian of the place where the records of interest are stored. I think I have narrowed it down to either the justice center/courthouse or the sheriffs office. 

Is the CORA request form possibly what you were referring to? I am not after the "easy" information. Anyone can get the easy information. If the lists I mail to are difficult to obtain then I will likely have less competition. 

Bryce Sawyer

In my efforts to find highly targeted marketing list of motivated sellers, I have been pursuing code violation lists and eviction lists for several Colorado counties including Denver, Jefferson, Arapahoe, and Douglas. 

Has anyone else had issues with obtaining these lists. I have had the sheriffs office tell me that it is illegal to obtain the code violation list for commercial purposes. It was a while ago but I used to have the specific law/code designation. And it supported what the sheriffs office told me. 

My recent efforts to obtain public records for recent eviction cases is looking like it will end with the same conclusion. I have not yet received a verbal answer of "no". I have yet to hear back from my inquiries. But I did find similar wording in the required "Addendum A" form that you have to fill out when requesting this data. So even if I go to the courthouse and fill out the form and request the data, if I tell them my intent they cannot give it to me. 

How are other people in my market obtaining these lists? How are they obtaining these list without "lying" or lying by omission? 

I could just as easily say my intention is for research. Because it is. But full disclosure would be research with the intent of marketing a service. 

Here is a "copy/paste" of the Addendum. 

Addendum A

COMPILED or AGGREGATE DATA REQUEST CONCERNING THE RELEASE OF ELECTRONIC DATAPursuant to CJD 05-01 Section 4.40: Colorado Judicial Department Public Access Policy

Requested By: ________________________________________Date:___________________

Agency/Organization: _________________________________________________________

Mailing Address: _____________________________________________________________

Telephone Number: ___________________e-mail: __________________________________

Data Requested: ______________________________________________________________ ____________________________________________________________________________

Intended use of data: ___________________________________________________________ ____________________________________________________________________________ ____________________________________________________________________________

I have read the Colorado Judicial Department’s Public Access Policy and understand the limitations of this data and the uses of the data.

I understand and agree to the following:

1. (i) The Compiled or Aggregate Data will not be sold or otherwise distributed, directly or indirectly, to third parties;
2. (ii) The Compiled or Aggregate Data will not be used, directly or indirectly, to sell a product or service to an

   individual or the general public;

3. (iii) There will be no copying or duplication of Compiled or Aggregate Data provided;
4. (iv) Compiled Data will not be made available on the Internet;
5. (v) The data received are current as of the date and time that the data are gathered and are subject to change; and
6. (vi) Recipients of Compiled or Aggregate Data are prohibited from tampering with or modifying reported data.

I understand the limitations of this data as it relates to data entry. Though every effort is made to enter data in an accurate and standard form, records may not appear on this release due to clerical coding issues. I understand there is a cost recovery fee that will be assessed for the compilation of data.

I hereby disclaim any liability to the Judicial Department and its employees and agents for any claimed loss of privilege or other claimed injury due to disclosure of allegedly confidential or privileged information.

_________________________Date:

Shop around for a home warranty. My home is 22 years old. I purchased one for my personal home and it paid for itself the first year. A couple plumbing repairs and something with the ignitor for the furnace. I think it was just under $300 and year. And then I renewed it for an additional year and added Air conditioning coverage which brought it up to something like $350 or $375 a year. I can't remember exactly. But wouldn't you know it, that following summer my A/C stopped working! They replaced the condenser and retrofit the evaporator for the newer type of refrigerant. 

If you shop around and read the fine print of what is covered and how much is covered you can really save some money if your home is not exactly new anymore.

Hi,

I am a wholesaler in the southern Denver metro. I am looking to network and build a strong business relationship with a local real estate agent.

If you look at it from the perspective of assets versus liabilities, you would buy the investment property first. A personal residence is a liability. Unless you can do house hacking or rent out a mother in law suite on air BnB. I would agree with Thomas S. It is going to be up to you to choose your priorities and choose what gets you closer to your goals.

If I had a time machine though... I would go to great lengths to convince my younger self to hold off on buying the bigger SFR as my primary residence. I do like the bigger house and my kids enjoy the space. But it is more expensive. If I would have instead stayed in the smaller house and sacrificed a little for a few years, I would have had much more money to put toward R.E. investments.

You are much younger than me. But "playing it safe" never made anyone rich. Don't be foolish about spending money or going into debt.  But don't wait around forever until circumstances are "ideal" before you implement. It sounds like your mind is pretty well made up that wholesaling is where you want to go. And given that you describe yourself as a successful real estate agent you will probably do whatever it takes to make sure you are successful. And even if you decide to go into debt to fund a marketing campaign that fails miserably. Make sure you learn something from it. Then get back up and dust yourself off. It won't be financial ruin for the rest of your life. You can come back from it and still achieve success. 

I am new to wholesaling myself. So, I won't give you any direct advice as to whether you should go into debt to fund a marketing campaign. What I will suggest is to find someone else who has been successful at wholesaling in the same market you are interested in. Take them out to lunch or coffee. Ask them what they did when they got started wholesaling. Talk to an investor friendly real estate attorney. Ask them specifics on how to operate as a wholesaler legally in the state where you plan to wholesale. And if you want to build it into a business and not a job, find a coach or program that specifically teaches business systems to turn wholesaling into a business. Like previous people have posted, wholesaling is a powerful way to make a lot of money. But it does take a lot of work. Good luck and keep us posted. 

Our first home purchase 4 years ago for our primary residence I don't recall getting any gifts from the realtor or the broker. If they did give a gift it was not memorable. We sold that home this last April and bought another primary residence home using the same realtor but a different broker. Our broker had taken some time to get to know us. He knew we did not drink alcohol. So he gave us a bottle of wine that of course has his name and business info on the label. I think he knew that by us not drinking it, that bottle will be around for a long time. And every time we see it we will remember where it came from.

I don't really have any advice. But you said you paid cash for your first 2 properties. So wouldn't that make your cash flow for the first 2 properties the sum of the rent minus HOA, taxes, and %for cap expenses and vacancies?

Hi everyone,

My name is Bryce Sawyer and I am new to real estate investing. I have made real estate purchases in the past but only for my personal home. I am married and have 3 kids. I just finished Robert Kiyosaki's book Rich Dad Poor Dad. I have realized I have made all the wrong financial choices to achieve financial freedom. I am following the myth of that makes up the middle class and have only liabilities and no true assets.     I am only 34 so I believe I still have plenty of time to change things. I want to create passive income in the form of rental properties. Though after having listened to dozens of BP podcasts I have learned of so many more interesting ways to invest in real estate. I look forward to continuing to learn here at BP and can't wait to make my first deal!