All Forum Posts by: Cooper Raines

@Burton Dines Being able to find, finance and close deals is what separates successful investors from unsuccessful investors. You'll need to think about what kind of financing you'll need. Are you planning on going with a conventional loan or do you want to work with hard money lenders? CO has insanely low inventory and many buyers are losing out to cash offers. If you can be the one offering cash it will increase your chances of getting the deal when you find it. I'd also recommend figuring out exactly what area you want to invest in and focus on learning everything you can about that particular market. There are agents who work primarily with investors and that may be a good route for you to take as well, best of luck!  

@Account Closed One thing to keep in mind is that if you start managing properties for others, you are going to need a "Sales agent or broker license". However there are a few circumstances where this requirement doesn't apply

@Skyler Rebeor If you already have relationships with mentors I would recommend leveraging those relationships. You may not have much cash on hand but that doesn't mean you have nothing to offer. If you have the time and not the money, try setting up a deal where someone else puts up the money and you do all of the work. At the end of the project you split profits!

@Matt Walle For me Matt it really boils down to the property. One thing to keep in mind is that here in CO many counties require that any home with a septic system has to pass an inspection of said system before it can be sold. So age & condition is something you'll want to think about. 

@Stuart Grazier Yes and no on the affordability side of things, for example Watkins has an average sale price around $600k. Eastern CO has definitely not been immune to the inventory issues we are all seeing!

I would like to throw Eastern CO's hat into the ring. There have been massive population forecasts for the area made by both the public & private sector. There are quite a few very large projects planned in the area. Prosper Farms is a proposed development just south of Watkins that proposes 9000 residential units and 8 million sq ft of commercial space. I would also recommend taking a look at Sky Ranch and the Transport project which is located around the Colorado Air and Space Port. Multiple national home builders have moved into Bennett such as Lennar Homes, D.R. Horton, LGI ect. You can check out I-70 REAP, they offer details on many of the big projects in the area. If anyone ever has questions about the area I'd be happy to help out.

I second Brian ^ seems to be common across the board

Investment Info:

Other buy & hold investment in Bennett.

Purchase price: $2,600,000
Cash invested: $600,000

Over 560 acres and multiples homes purchased. Currently in the process on annexing into the town of Bennett

Look up "Wholesaling"  here on BP!