All Forum Posts by: Cameron Enger

Hello Colorado Springs Family, 

I'm looking at purchasing a new primary and renting our current one out. Debating between long term and mid term. Do mid term rentals have the same requirements as long terms in Colorado Springs, or are they more similar to short term (require permits, etc)?

Thank you

Hello, So I'm trying to get into real estate investing and have a house in mind. The owner is older and just wants out and is taking $50,000 for a $100,000 non rehabbed home. Ideally I'd like to get this home for renting, but it's on a flood plain. I would still cash flow if I decided to rent, but only around $30. 1) should I still buy to rent? 2) should I buy to flip, even with it being in a flood plain? Comps are around $120,000 so I would be profitable based on numbers I plugged in. 3) to get creative financing doesn't it make sense to go to owner and ask them if I could rehab it, sell it for them, pay him his $50,000 he is asking for and 10% profits? Am I missing anything with this scenario? Thanks all and I look forward to seeing the responses.