All Forum Posts by: Dan Guenther

@Lisa R. - Welcome to the BP community! I see were both in the Noco regions, you should definitely swing down to Longmont for one of my monthly meetups ;)

Based on your criteria, you are in a great place to make your first investment. Is there a specific reason why your are aiming for the $260K range? Assuming you have about $52,000 for a down payment, you could potentially increase your purchase power using a 10% down investment loan product. I work closely with a few lenders who I've done 10% on strictly investment properties. 

Another option is creative finance, either subject to or selling financing. If you haven't heard of these strategies, I'd suggest browsing the forums here and spending some time on YouTube. Last week I closed on a seller finance deal in Longmont CO. This was a half duplex property and we were able to put 20% down with a 4.5% interest rate on a $480,000 property. Our monthly payment is around $1800/month with rents around $2400/month. This same deal funded through traditional lending would bring your monthly payment up to about $3200/month. Creative finance is powerful but the deals are not as easy to come by! 

Let me know if you want to talk more! I'd be happy to connect you with other investor friends up North.

Hey @Kimberly Trenchard - welcome to the community! 

Let me know if you have market specific questions on the MTR space. The plays can vary quite a bit from Denver up to Ft. Collins, but both markets have potential for great returns! I'll send you a DM and see if I can provide you with some value :)

Hey @AdriAnn Rode - welcome to the community! I see you're also in the Boulder County area, we should definitely connect soon. I'm an investor/investor friendly agent based out of Longmont and always looking to add reputable PM's to my team. Also, I host a monthly REI Meetup in Longmont. If you are in the area you should come by and meet some local investors!

Connection DM sent :)

Hey @Morgan Basham - Love it! I'm an investor friendly agent in the greater Denver Metro with experience in STR, MTR, house hacking, flips, and everything in between. I've only been through one foreclosure so I'm no expert in that field but I can definitely provide you with some of the high level points to consider and point you in the right direction of someone who has a better understanding than I do.

I'll send you a DM and we can talk more sometime this week! 

Hey @Chad New - Welcome to the BP community! 

"Your Network is your Networth" - every successful real estate investor ever 

Denver and Colorado in general has a massive and very welcoming community of investors. There are literally 15-20 monthly Meetups in and around Denver. When I first started this was where all of my now business partnership connections were made. 

If you take some time to search through old posts in the forums you'll quickly learn the pros/cons of investing in your own back yard vs out of state investing, especially for your first deal. 

My biggest piece of advice when getting started is to take advantage of the FREE resources out there and try to avoid getting sucked into paying for expensive coaching/mentorship programs that provide basic information that you can get for free online or through another experienced investor that's willing to spare a minute of their time. Try to think about how you can provide value as you learn the real estate game and people will be willing to help you out. 

Hey @Marco Werner - I've got a few custom spreadsheets that I use. Send me a DM and I can share.

Hey @Scott Lepore - You nailed it on that one, the deals are getting harder and harder to find but they are out there. I'd suggest you continue to build that network of wholesalers/deal finders, specifically the smaller mom & pop type wholesalers compared to the larger companies out there. If you can connect with  a smaller wholesaler that will be sending you deals directly vs sending them out to 10,000 other people, then you'll be in a better place. 

Send me a DM and I'll let you know a bit more about some different strategies that I'm using right now to find true off market deals. 

Best of luck! 

Dan

Hey @Wyatt Nauman - welcome to the community! Minnesota native here so we we're once neighbors ;)

I'm sorry to hear the sad news about your mother, that's really tough. I'm very active in the Boulder/Denver markets and may have some alternative solutions for you to keep your house hacking dreams moving forward. I'll send you a DM and we can get the conversation going. If there's a will there's a way my friend! 

Dan

Hey @Tara Diaz - welcome to the community! I'd love to help you build up that network. I'm also in the Colorado market, specially Longmont, but I work Denver up to Greeley. I'm part of a lot of different investment communities here including the SubTo community. Let's connect and see how we can help each other out!

@Olutosin O. - Hey Olutosin, welcome to the community! I'm an investor/agent based out of Colorado and I also do a lot of coaching and mentoring for new investors. Being new to real estate, do you have some basic goals in place yet? The world of real estate investing is vast and it can be very easy to overwhelm yourself. Reach out to me if you want to get on a strategy call sometime soon. 

Best of luck!