All Forum Posts by: Derik S.

I could probably fork out $9 if it were in cash, if it were $50 or something, that'd be different. 

I do take up the resources I indeed have here. My notebook is filling up with notes from the podcasts and webinars to look over, and I am engaging with the community here. So many people, well known people in the real estate biz, have said real estate is one of the simplest investments you can get into once you fully comprehend the basics. 

So I was searching for certain members, and I wanted to search greater than a 5 mile radius (since I'm looking for people around the Denver area, not Fort Collins persay), however, in order to do that, you have to have a Pro membership. To use any of the calculators, you have to have a Pro membership. While I can understand most members of this site can afford upgrades in memberships, I cannot afford a upgrade to a Plus or a Pro membership. I don't think a extended search radius should not be accessible to free users, nor do I think should the calculators only be reserved for Pro members. These, imo, should be features available to anyone, especially the search feature. 

Especially for beginners like myself, just now getting their feet wet before a full dive into the real estate pool. Given I cannot afford a membership upgrade (even if I did, I don't have a way to do online transactions, no credit card), how can I make the most out of BP, not just in valuable networking, but in a educational experience as well? Thanks.

http://www.loopnet.com/Listing/19516991/5415-Carr-...

Here is the listing if anyone wants to take a quick peek. From a first glance, even though the shades are closed, the property doesn't look all that bad on the outside. It looks like, at least on the outside, it has been well maintained. When it comes down to financing, I most likely at this point, would go with a broker. I've seen some properties around the price range of this property, and they have looked more worn down. 

 Hi John, 

Looks like Patrick beat me to giving a warm, Fort Collins welcome to BP. 

Obviously, I would try to reel in the bigger return fish, over the smaller fish. Let's take this property for example. It is a property I found on Loopnet in Arvada, Colorado. The average price for properties in that area, according to Zillow, is $318,000. The properties overall price is $610,000, with the price per unit being $122,000 (for 5 units) with a cap rate of 6.72%. The NOI for the property is $40,966. Its 5415 Carr Street.

 Maybe you ca help me figure that out, by breaking that down. How can a property that has $20,000 going per unit,, be as good as $120,000 per unit (by door, I am guessing you mean the unit).

Guten tag Kevin, 

It's nice to met a fellowColoradan. If you are looking to help the homeless (and there are a lot in Fort Collins), there is a program called Serve 6.8 I believe, based in FC. But anyways, what part of Colorado do you specialize in? As a first- time investor, I would want to look at multi family properties in the area, but they are really expensive throughout Colorado. 

Derik 

Welcome to the forum Chris , it's nice to have you here. I've always wanted to go to Cali. Let alone live there ( if I had the choice, I probably would live in San Diego over Fort Collins) . Let us know how it goes, we can all benefit , especially in the beginning, from everyone's experience. 

Derik

Have you dealt with multi-family housing (apartments) at all? That's the niche I'm looking at jumping into, while quite possibly exercising the strategy of buying and holding.

 Hi Dianne, welcome to the forums. I am new tot he real estate investing game, residing in Northern Colorado myself.