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All Forum Posts by: Jeff Slusarz

Jeff Slusarz has started 6 posts and replied 13 times.

Post: Rowhomes/high density development trends

Jeff SlusarzPosted
  • Investor
  • Denver, CO
  • Posts 14
  • Votes 7

I've had a great deal of success getting into rowhomes in both Denver and Scottsdale. My strategy has largely been developed on the idea that the market is saturated moving outwards and locations close to desirable area(s) start to move upwards.   

I'm wondering what other cities this trend is in the beginning stages of, as the west side of Denver is largely tapped out and I'm looking to diversify outside of Old Town Scottsdale as well.   

Wondering if anyone has experience or insight into what % the purchase of 2 units in a spec development might be worth from a discount perspective?   Some details:

- We're considering the purchase of two units in a single development, both priced between $490-499K

- They have indicated they are willing to discount if we don't bring a realtor

- 10 of the 18 homes are sold, with 8 either recently completed or still under construction

They've indicated they are open to providing a discount, but I'm not sure where to start without angering them, but also want to be aggressive.  Given I intend to ask for $15K for no realtor, what is an aggressive, but reasonable offer for the bulk discount?  Is it an additional $25K per unit?  $5K per unit? 

Any advice would be greatly appreciated!!

Post: Denver Equity partner looking to learn flipping business

Jeff SlusarzPosted
  • Investor
  • Denver, CO
  • Posts 14
  • Votes 7

I'm a real estate investor coming from a buy and hold method looking to possibly transition my proceeds into flips.  Given the change, I'd love to find an experienced partner and learn the business from an investment standpoint at first and then move into flipping down the road.  

My current rental will be on the market in October, so between myself and a family member, I'd expect to have around $350K cash available towards the end of the year.   Would love to discuss the opportunity to work together on projects in Denver or Colorado Springs to begin with.