All Forum Posts by: Jamaal Gibbs

@Ben Pierce It really depends on the type of investing you’re planning on doing, especially in Denver.

We have a low amount of inventory (about 6,800 active homes to end the month of April, 45 year average is about 14,000 for this time) compared to buyers and it is a strong sellers market. Most price points under $500k have a month or less of Inventory. Appreciation has been been great but has tapered off the past few years and it can be tough to cashflow depending on how/where you buy. The core Denver neighborhoods have higher prices which makes it harder to cashflow so most go to the surrounding areas like Aurora, Arvada, North Metro area and a few other spots. The condo market in Aurora still cashflows and price points can be reasonable. If you are doing flips in the right area you can still make decent money buying right. Shoot me a message if you’d like a deeper insight!

@Craig Curelop

I think what we’ll see is going to be a completely different animal. There’s only so many band aids they can put on and they already rolled out the big guns with quantitative easing.

Overall I don’t think the Denver market will be affected as much since so many owners have built serious equity since the last downtown and a lot of people are in a better situation to ride it out. We only have about 6k-7k active homes and you know as well as I do that’s not enough to keep up with our current demand.

Can’t see us tanking like 10 years ago but there could be an opportunity for more creative finance deals, especially with smaller multi family or landlords with problem tenants/poorly run, maybe the STRs.

Still seeing solid deals out there I would jump on. Most of my clients use BRRRR strategy so a little cautious with potential refinance difficulties.

@Daniel Haberkost can’t say I’ve heard of anything that doesn’t allow you to contact homeowners in preforeclosure

@Mike Stephens I’m looking forward to the increased opportunities to use creative financing with some of the foreclosure and eviction issues. I wasn’t in RE during the financial collapse but like the idea of a more challenging market. A lot of people have gotten soft!

Do you think we will see any major price drops in the Denver metro?

@Greg Pasquale you can still do the BRRRR Strategy with hard money. I think it would help you because after you refinance, your investment basis will be less and your ROI should be higher. Not sure what the numbers are on your deal. Have you thought about partnering with anyone or going seller finance route?

@Andrew McCartin For me as an agent, the biggest things I’d like a client to come to the table are:

-knowing your investing strategy and criteria up front.

-being ready, willing and able. Do you have funding lined up and are you ready to move on a deal when presented?

@Ramon Alire Any of the Local Bad *** Meetups are good, they have them in Erie, Denver and DTC

@Phoebe Cao

Welcome to Denver!

The Gateway area is starting to come up a lot more and is very accessible. Just be careful of the Montebello area. There used to be a lot of crime there and still is somewhat but it has gotten a lot better over the Past few years.

That area is going to come up a lot in the next 5-7 years due to the I70 expansion taking place In multiple spots East of York.

If you don’t mind getting closer to Fitzsimons, I’d look into the North Aurora area. There will be a lot of money pouring in soon due to it being close to an opportunity zone. Try to stay west of 225, but some pockets on the east side can be good as well for the price point you’re looking.

@Jason Cacioppo no doubt, but you really think the Denver Condo market is going to drop 25% within the next 5 years? If a deal still cash flows and you can make the numbers work for your goals, I don’t see a point In trying to time a market

@Jason Cacioppo if they’re long term holds and you’re not flipping why would prices going down next year matter