All Forum Posts by: Cody Hensley

 Steve, That would be great if you don't mind! 

Hi fellow BP'ers! 

I have been a lurker here for quite a while and decided I would jump in and get my feet wet! I am a newer RE agent here in Colorado (2014) and have been wanting to invest in rentals. I currently do not own a home and I have a fairly favorable living situation so house hacking wasn't in my sights. However I am getting eager to buy my first investment. With that being said, here is my current situation and hopefully someone can steer me in the right direction. 

For income I am averaging $11k/mo. in commissions. So some months are $21k and some are $5k, but no less than $5/k month.

My credit thankfully is coming up. I am at roughly a ~660 FAKO score depending on the website who pulls it. I have 3 unpaid collections that are due to drop off in 2017 and I don't really want to pay them since I have waited nearly the 7 years for them to go obsolete.  

I am slightly afraid to purchase in this market because of the inflated cost of single family. I don't believe we are in a bubble since lending has tightened up since 2008 and the inventory is really low. 

I have thought about storage units also, whether it is buying one or buying the land and building. Someone always needs storage.....

Any guidance or encouragement you can send my way would be greatly appreciated!!