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All Forum Posts by: Account Closed

Account Closed has started 0 posts and replied 176 times.

Post: recommendations to learn about financing/loans??

Account ClosedPosted
  • Investor
  • Denver, CO
  • Posts 184
  • Votes 78

I'd literally google a local lender and ask to come in and shoot questions at them or just call one. They're happy to answer questions and will see you as a potential client. 

Post: ONLINE REAL ESTATE COURSE: WHICH ONE WOULD YOU RECOMMEND

Account ClosedPosted
  • Investor
  • Denver, CO
  • Posts 184
  • Votes 78

I don't think you need a broker's license to be a real estate investor. I also don't think one has to pay anyone... YouTube has thousands of hours of free content.

Check out "Meet Kevin" on YouTube. He's a great great resource. 

Post: Loan officer in Kansas City area

Account ClosedPosted
  • Investor
  • Denver, CO
  • Posts 184
  • Votes 78

Hey Jnenyn,

I am an analyst at a real estate investment firm that has chosen Kansas City, MO as our primary market of investment. We have bought several hundreds of properties there for our company fund and clients so we have a good lending network there. 

I am happy to refer you to our go-to's.

I am also happy to talk about that market with you and which PMs we use, agents, contractors, etc...

The right guy saw this!

Thanks

Post: Cash Flow in Michigan

Account ClosedPosted
  • Investor
  • Denver, CO
  • Posts 184
  • Votes 78

I work at a real estate investment advisory firm and we kill it in Grand Rapids.

More than happy to discuss what we see in that market. Shoot DM. 

Post: Understanding the Process to Purchase

Account ClosedPosted
  • Investor
  • Denver, CO
  • Posts 184
  • Votes 78

Hey Richie,

I am an acquisitions analyst at a real estate investment advisory firm and one of my main tasks is walking clients through the acquisition process. Shoot me a DM, I'm more than happy to chat.

Thanks. 

Post: I have no idea where to start

Account ClosedPosted
  • Investor
  • Denver, CO
  • Posts 184
  • Votes 78

Send me a DM I'll give you a phone call 

Post: Guidance and support

Account ClosedPosted
  • Investor
  • Denver, CO
  • Posts 184
  • Votes 78

I'd read The Hands Off Investor by Brian Burke. 

It's a great read to better understand syndications, 501(c)s, Reg-Ds, DSTs, alts, etc...

Post: Loan App Process and Networking

Account ClosedPosted
  • Investor
  • Denver, CO
  • Posts 184
  • Votes 78

Hey Ashley,


I am an analyst at a real estate investment advisory firm based in Denver, CO. I manage the direct investment part of our business which consists of modeling out of state properties for clients and then assisting the client through the entire acquisition process. We invest clients in two midwestern markets and have partnerships there with lenders, property managers, realtors, and contractors.

The clients view the models and homes that I send and if interested, ask the realtor to send them a video walkthrough of the property. We will also offer through the realtor. Upon acquisition of a property, our in-house asset manager walks the client through transferring the home to the property manager and setting up utilities and other tasks that need be done upon the purchase of a rental property.

Many of my clients have never invested in real estate before and are now investors. 

Feel free to reach out, I'd be happy to chat. 

Thank you for your service. 

Post: High Value home but lower rental market

Account ClosedPosted
  • Investor
  • Denver, CO
  • Posts 184
  • Votes 78

That's a market problem, not an industry problem. 

My firm is acquiring properties in two midwestern markets where we do see 1% or more of the purchase price in monthly rents. This is why we don't invest where we are located in Denver, CO. 

We help clients invest out of state by modeling properties and connecting the client with property management companies, lenders, and realtors with whom we've partnered with in the out of state markets. 

I'd be happy to chat about this.

thx

Post: Should I buy another property or Rehab my primary one?

Account ClosedPosted
  • Investor
  • Denver, CO
  • Posts 184
  • Votes 78

It sounds like the question is  - Do I spend 'X' amount of money to rehab my primary which will probably make it cash flow.

Or, do I go spend 'X' amount to acquire another property that you stated would cash flow.

Assuming you lived with your parents, paying $200/mo to continue owning and receiving equity in a grade-A location seems like a good move. If you go acquire another property that cash flows, you then have that property being paid off and can use the surplus towards paying off the remaining mortgage on the place you currently live in. Sounds like you'd have two properties basically paying themselves off while you live relatively expense-free with your parents, I'm assuming. 

Sounds like a good financial situation to me. Two free homes is nice.