All Forum Posts by: Dan Guenther

Hey @Liam Alvarez - welcome to BiggerPockets and the Colorado market! The Colorado investment community is amazing and full of people that are willing to help out and provide knowledge! 

I'm based here too and have experience in multiple investment strategies, including short-term rentals (STR), rent-by-the-room, medium-term rentals, and fix-and-flip properties. I also manage properties for my clients in Northern Colorado (mainly Boulder County), including my own rentals in Longmont—one as an STR and the other as rent-by-the-room. Happy to connect and share what I've learned to help you hit the ground running.

Excellent @Tanya Maslach - let me know if you want to talk through any deals you have in mind. I'm always down to run numbers and analyze deals with other investors :) 

Hey @Tanya Maslach - Based on my experience, the winter months in Colorado present an excellent opportunity for investors. Competition is reduced as most retail (non-investor) buyers tend to hold off until spring, given the challenges of moving during the winter. Additionally, sellers during this time are often more motivated, as those listing in the winter usually have a compelling reason to sell. If you were to purchase a property in the coming months, by the time you close and complete any necessary renovations, you would be positioned perfectly at the end of winter, just as the prime rental and resale season begins. I've closed deals on Christmas day and by the time they were renovated and ready to go, it was February and coming into prime rental season. 

Hey @Jason Guenther - are we long lost cousins?!? 

First off, congrats on being so close to paying off that debt! If you're considering selling your home, moving into a duplex or triplex could be a smart way to lower living costs while building equity and earning rental income. You'll also get hand's on experience being a landlord which is something you'll need to fully understand before scaling. 

If you'd rather stay in your home, tapping into your equity through a HELOC or cash-out refinance could give you the funds for a down payment on an investment property. You could also consider turning your current property into a rental and then moving into a 2-4 unit property while holding tight to your current equity.

Partnering with someone is another option to scale faster—one of you could bring the capital while the other finds and manages the deals. If you are looking to scale you will most likely be looking into partnerships of some form down the road and this is exactly how I was able to scale in the last year. Keep in mind though that finding partners takes A LOT of time as you want to actually build a relationship with said partner before getting any money involved.  

Hard money loans or private lenders can also help you move quickly, but come with higher interest rates that you'd refinance later on. These are typically not something I'd recommend for first time investors, but you should still take some time to learn. 

Another option is seller financing, where you negotiate directly with a motivated seller to carry the note instead of going through a bank. Also look into “subject to” deals, which involve taking over the seller’s existing mortgage. Both options let you buy properties without needing traditional financing. I've been sent multiple creative finance deals in Arkansas from my network over the past few months so I do know they are out there. 

Lot's to unpack here but hopefully this gives you a decent high level pictures of some options you might have.  

You're in a solid spot with your savings—keep going and feel free reach out if you want to dig deeper into any of these routes. Remember that real estate is a get rich slow game! 

Hey @Clemens Georg - welcome to the community! I have a few ideas how you can make some magic happen on the financing side while keeping that low interest rate. Let's connect soon and talk a bit more about your goals on this first one. 

Hey @Vance Payne - I offer rent by the room property management up North so I can't directly help you out down in Denver but I have a contact for you down there. Shoot me a message and I'll help you out. 

Hi @Mathew Fuller

Fort Collins has historically been a challenging market for house hacking due to the stringent YOU+2 occupancy regulations. However, with the recent statewide legislation removing maximum occupancy limits, Fort Collins has become an attractive market for house hacking.

Although property prices in the area are on the higher end, the strong demand for rentals, particularly among students and young professionals, makes this an excellent opportunity. House hacking in Fort Collins allows you to offset mortgage costs, build equity faster, and potentially generate additional income, all while taking advantage of the city's vibrant rental market. This strategy could be particularly beneficial if it aligns well with your financial goals and personal situation.

Reach out and we can go over your specific situation and goals to see if Fort Collins makes sense for you. 

Hey @Hitesh Gupta - There are A LOT of community/meetup opportunities in the Denver Area. You can go up top here on BP to the "Forums" tab and then click on "Events/Meetups" and you'll find plenty of meetups depending on what area you are in. 

If you are interested in going a bit north of Denver, I host a monthly local Meetup in Longmont CO. You can find details on that one here: 

We meet on the last Thursday of every month from 6-9 PM at different locations around Longmont. Most recently I've been hosting at my recent rehab project. 

https://www.meetup.com/boulder-county-real-estate-investors-meetup-group/

@Heather Szucs - There are plenty of flip opportunities in the Denver Metro area depending on the size of project you are comfortable with. You'll find that there are plenty of large scale wholesale companies, but also smaller wholesalers that tend to source deals with larger spreads. I'll send you a DM and see if I can help you out in anyway. 

Hey @Nikki Mata and thanks for the shout out @Grant Schroeder! Are you still looking for some guidance on your properties? I'm an investor focused agent here in Colorado and have been investing here as well for nearly 4 years now. I'd be happy to look over what you have going on and point you in the right direction for getting those offloaded. Are you looking to 1031 these properties into another market?