All Forum Posts by: Chris O'Halloran

@Maria Bakaj yes it a cracking idea, the only thing I am not sure about is that I would like need a contractor license for the ADU for permitting won't I?

@Greg San Martin I have recent came across ADU's and was thinking about that as a strategy too - I am married with an 11 yr old son, so don't think I could live in an ADU, but certainly a good option for adding value to a house.

@Ben Rhodin thanks for your thoughts.

I hadn't considered partnering with others, but that is certainly something I would be open to, especially to accelerate my learning curve in the US market.

I don't need huge returns on the improvement, mainly looking at the BRRR option to buy a little cheaper, save on the material and repair labor to improve the rental return yields.

What strategies are people using for finding off market deals? Driving neighborhoods and letter dropping or is there another hack here?

@Jeff White thanks for the reply.

Great tip regarding the homeowner exam and permitting!

Nice idea regarding the house hacks, not heard that term before, but after reading some posts, I can see that would be a great strategy to reduce my own living costs. If doing this, I would likely also consider a duplex or triplex vs SFH.

Given my construction background and ability to get discounted materials, it just seems like a waste not to capitalize on it. 

I have heard that this placed boomed in the last 5 years, so I may have missed the boat. If the numbers won't generally work in CO, perhaps I will look into something more turnkey or quicker to fix up over a short holiday on an interstate purchase, maybe the midwest Montana or South Dakota.

Hi investors,

I've just found this site and look forward to spending days reading and catching up on the amazing content here, but wanted to intro myself and start networking.

I moved to the US (Denver, CO) for work just over 12 months ago and will likely be hear another 6 months at this stage. The past 12 months have been establishing social security existence and credit! 

The market here as opposed to Australia seems very reasonable to find cashflow generating properties (which I like) as my goal is to build an income replacing portfolio to provide options.

Now, I am a qualified Carpenter and Builder back in Australia, so I think I could easily add value through a BRRRR strategy to maximize returns and get a few doors under my belt before I leave (or stay).

I can also get access to discounted building materials through my work (we're a platform to by building materials and negotiate volume discounts that are akin to national tier 1 contractors).

So this seems like an unfair advantage that I would like to capitalize on.

I have a couple of immediate questions I think:

1. 1. what work can I do that does not require a contractors license
2. 2. what work can be done to a property that does not require permitting?
3. 3. are there any areas in Denver, CO I should target?
4. 4. what's the best loan and investment vehicle to use?

I am looking to fast track my learning path in this new market and get started while I am still here, so I can learn the ropes and hopefully continue remote.

I would look into https://joyne.co which has a completely free takeoff and estimating software. They also have a live material pricing database of over 6 million items that is updated daily!