All Forum Posts by: Dan Guenther

Hey @Shirley Kocho,

Welcome to the BP community! While the prices here in Denver might be a bit of a sticker shock to many investors, there is still plenty of opportunity and good deals to be had here. This is all going to depend on your goals and risk tolerance. I might sound like a broken record here but house hacking is a very viable option and a great way to get started. If you are already paying rent here then house hacking will allow you to decrease or eliminate your living expenses while learning how to manage a property and develop landlording skills, along with all the other benefits of property ownership (tax benefits, appreciation, loan paydown via tenants). 

Reach out if you'd like to talk a bit more about the different strategies that are working in the current market here in Colorado, happy to help!

Good luck to you! 

Hey @Peter Spann

 It's great to hear that you've done your research and have decided that turnkey investing is the right path for you. Connecting with others who are already involved in turnkey investing can provide you with valuable insights and support along your journey. Here are some recommendations and ideas to help you get started:

1. Join Real Estate Investment Groups: Look for local real estate investment groups or forums online where you can connect with like-minded individuals who are already engaged in turnkey investing. These communities often organize meetups, webinars, and workshops where you can network, learn from experienced investors, and potentially find investment opportunities.
2. Attend Real Estate Events: Check out real estate conferences, seminars, and workshops happening in your area or even nationally. These events often attract seasoned investors, real estate professionals, and experts who can share their knowledge and provide guidance on turnkey investing.
3. Utilize Online Platforms: Explore online platforms dedicated to real estate investing, such as BiggerPockets (www.biggerpockets.com), where you can connect with a large community of investors, ask questions, and gain insights from their experiences. You can join relevant groups or forums specifically focused on turnkey investing to interact with others pursuing similar strategies.
4. Research Turnkey Providers: Look for reputable turnkey providers in your desired markets. These providers typically specialize in acquiring properties, renovating them, and making them ready for investment. Reach out to them directly to learn more about their services, investment opportunities, and any guidance they can offer to new investors.
5. Build a Power Team: As you venture into turnkey investing, it's crucial to have a reliable network of professionals who can assist you throughout the process. This may include real estate agents, property managers, contractors, and accountants. Establishing relationships with these experts will help ensure smooth operations and reduce potential risks.
6. Conduct Due Diligence: When evaluating turnkey properties, conduct thorough due diligence. Assess factors such as the location, rental market demand, property condition, rental income potential, and the track record of the turnkey provider. Don't hesitate to ask for references or testimonials from other investors who have worked with the provider.
7. Start Locally or Nationwide: Decide whether you want to focus on local or national turnkey investments. Local investments allow for closer supervision, while nationwide investments can offer diversification and access to potentially more lucrative markets. Consider your risk tolerance, available resources, and investment goals when making this decision.

Remember, education and continuous learning are key in real estate investing. Stay up-to-date with market trends, industry news, and investment strategies through books, podcasts, online courses, and professional development opportunities. Networking and learning from experienced investors will also accelerate your growth in the field.

Reach out if you want to discuss any opportunities here in the Colorado market and good luck to you! 

Looking to step up your deal analysis skills? This informative session is designed to provide you with valuable insights and practical tips on analyzing deals all with the free resources at your fingertips.

We will cover a wide range of topics, including the current state of the market, how to find comparable rents, estimating taxes and insurance, and much more.

If you are interested in learning how to analyze a deal with the short term, long term, medium term, or even rent by the room strategy, this webinar is the perfect opportunity to learn from two investor agents who do this daily, Dan Guenther and Ian Jimeno! You'll have the chance to interact with us, ask questions, and get the inside scoop on what it takes to succeed in today's competitive real estate market.

So don't miss out on this incredible opportunity to enhance your knowledge and skills in real estate investing. Register now and join us for this exciting and interactive webinar!

Curious about a listing's potential income outside of the hours? Shoot us an email at

[email protected]; [email protected]

Hey @Bennan Wilson, welcome to the community! 

I've met my best contractors through meetup groups. In my opinion this is the best way to get in front of investors and to build relationships in a non-salesy manner. Reach out anytime, I'm always looking to connect with contractors in the area. 

Hey @Noah Tsehaye, welcome to the community! You are in a great place to start making moves in your real estate career. Denver has an awesome community of investors and most people are more than happy to help out new investors. If you go up to the learn tab and then events, you'll find that there are endless in-person meetup groups around Denver. This is going to be one of the best ways to start connecting with like-minded people and to learn from others. Let me know if you want some advice on my favorite meetups in the area. 

Good luck to you! 

Hey @Kevin S Porter Sr, welcome to the community! 

Do you have a specific market you are looking in? There are a lot of different routes you can choose on the financing side. Have you spoken to any lenders yet? 

Reach out anytime if you want to dig more into the different financing options that are available for investors. 

Hey @Kelvin Ortega welcome to the community! 

When it comes to owning your first home and buying a property to rent out, there are several routes you can consider, each with its own pros and cons. It's ultimately going to come down to your overall goals and current life situation. House hacking is the tried and true method for getting started but again this isn't always an option for everyone. Here are some thoughts to consider: 

Owning Two Apartments:
Buying two separate apartments can be a viable option. You can live in one and rent out the other, providing a source of rental income. This approach allows for greater flexibility in terms of location and property types. However, it's important to consider the financial implications, such as the down payment, mortgage costs, property taxes, maintenance, and management responsibilities for both units.

Investing in a Multi-Family Property:
Purchasing a multi-family property, such as a duplex, triplex, or larger building, can be an attractive option. By doing so, you become a landlord for multiple units, increasing your rental income potential. This route offers economies of scale, as maintenance and management tasks can be consolidated. However, acquiring a multi-family property requires careful analysis of the local rental market, property management skills, and potentially more complex financing options.

Purchasing Two Condos:
Buying two condos is another possibility. This approach provides the advantage of separate units that can be rented out individually. Condos often come with amenities and may require less maintenance compared to houses or multi-family properties. However, it's essential to consider condo association fees, rules, and restrictions that may affect your rental strategy and overall profitability.

Ultimately, the best route depends on your financial situation, personal preferences, and local real estate market conditions. It is crucial to conduct thorough research, consider the costs and potential returns, and evaluate your ability to handle property management or hire a professional property manager. 

Reach out anytime if you want to talk a bit more about how to get started and then how to scale after that first one. 

Hey @Derek Howe, 

When considering whether to sell your rental duplexes and pay off your primary residence as a defensive measure, it's important to carefully weigh the options and consider various factors. Here are a few points that I'd take into consideration:

1. Diversification: Rental properties can provide a form of diversification in your investment portfolio. Selling them and putting all your resources into a primary residence may reduce your investment diversification.
2. Long-term investment goals: Assess your long-term investment goals and how the sale of your rental properties aligns with those goals. Consider factors such as cash flow, potential appreciation, and your risk tolerance.
3. Economic and geopolitical factors: It's important to stay informed about the changing world order and understand the potential impacts on the economy. However, making investment decisions based solely on predictions or speculation can be challenging. Instead, focus on building a resilient and diversified portfolio that can withstand different economic scenarios.
4. Financial stability and risk management: Evaluate your overall financial situation, including your emergency fund, other investments, and sources of income. This can help you determine the level of risk you're comfortable with and whether paying off your primary residence makes sense as a defensive measure.

No one can accurately predict the future, and it's important to make investment decisions based on thorough analysis and your individual goals and risk tolerance. If you want to go through the numbers on each scenario just reach out and we can talk it through a bit more. 

Hey @Jake Johnson, welcome to the community! 

If you haven't already I'd connect with an investor-friendly agent and lender that are familiar with both investing and VA loans. Reach out if you want some references for either one!

@Hillary Kam

Welcome to the BiggerPockets community! No matter where you stand in your real estate investing journey, BiggerPockets is the ultimate resource for all of your investing needs. I’d suggest starting out by networking with as many other investors as possible and being an active participant in the forums.

If you haven’t already subscribed to the BiggerPockets podcasts, do that ASAP. Look for meetups in your area (virtual) on Meetup.com or FB Groups, attend free webinars, start reading as much as possible on any and all topics related to investing and real estate. Use the forums to help you search for the answers to all of your questions. If you can’t find your answers, then create your own post!

Feel free to reach out if you want more specific advice.

Good luck and get educated!