All Forum Posts by: Dan Guenther

@Baron Wilson Can you clarify your question? Are you asking if I made money from finding good tenants for my house hack, then yes absolutely. I've also saved a lot of money by not dealing with the headaches of unqualified tenants. 

@Baron Wilson - My go-to is Facebook Marketplace and "rooms for rent" specific groups on FB. Here in the Denver area, there are a lot of groups specific to renting rooms. Give that a try and make sure to stick to a strict screening process (background/credit/eviction check, past rental references, proof of employment or income verification etc.) 

 @Leonardo Rock - great work on locking down #2! If you haven't already, I'd check out Pace Morby on YouTube. Creative finance deals are a great way to scale without the typical hurdles of traditional financing. Reach out if you want to talk more about finding these opportunities for future deals, I'm well connected with the SubTo community! :)

@Paul Kielczewski - welcome to the community and Denver! You'll find no shortage of great people in the Denver BP community. If you haven't already, get on the Meetup app and get out to one of the many Meetup's in the Denver area. I'll send you a DM now and see if we can help each other out. I focus on a lot of creative finance deals in the Denver/Northern CO area. Let's talk more! 

Hey @Bailey Smith - welcome to the community and welcome to Denver! What's your game plan for getting into wholesaling? Cold calling, door knocking, mailers??

If you're willing to put in the work and can get good at finding deals, you will have no issues moving those deals to investors. The demand for good investment deals in Denver is crazy high! 

Come join us for a great opportunity to network and meet like-minded people! This is a casual and low-pressure Meetup where everyone is welcome. If you are interested in real estate investing or the financial independence movement in general, this is a great place to come meet others who are also seeking the same goals.

As always message me with any questions!

Dan Guenther
720-295-1082
[email protected]

COVID-19 safety measures

@Joe Paul - you're in a great spot to make this strategy work! I've been renting by the room going on 3 years now and help a lot of new house hackers here in Denver. I'm sure you have a lot of questions so reach out if you want to get into specifics. There's a lot to think about and more than I can fit in one post. 

I'd say one of the main points to take seriously is tenant screening. Stick to your minimum requirements (background check, credit score, job history, at least 2 previous landlord references etc). I use RentRedi for all of my tenant screening and rent collection and I love it! I tend to have the best luck with tenants in similar age ranges with similar interests. 

Always make sure to run your numbers based on multiple exit strategies. Can you rent the property long term in a few years and still cashflow? Can you run it as MTR/STR for increased ROI?

Let me know if you want to talk more or have any specific questions!

@Anthony Ives - I'm interested in hearing more about this one. I'll send you a DM and we can talk more. 

@Ross Miller - Perfect timing on this post! I'm currently in the process of getting started in this niche. I'll send you a DM so we can talk more. 

@Harley Palaganas - As others highlighted here already, get out and network. Spend the next few months focusing on networking and education. Dable in each of the areas you are interested via YouTube/BiggerPockets and then narrow down. 

Keep in mind wholesaling is not investing, it is a job and not an easy one at that. Unless you are willing to fully commit as if it were a full-time job, then you will likely find yourself frustrated and discouraged with real estate. 

As far as your first rental property, you'll hear this over and over again... House hack. 

You need to connect with some lenders to start out and get an idea of where you are at in the qualification process. If you can't qualify for what you need right now, most good lenders will set you up with a plan to get you where you need to be. 

Reach out to me if you want to practice analyzing deals sometime or have specific questions about getting started. I'd be happy to get on a call to get you moving forward. 

Good luck and keep at it!