All Forum Posts by: Jeremy Clarke

Connor Maloney , I'm chiming in here late I know but I feel that a cash-out refi for your brother is a very good option. I like them a bit more when rates are relatively good and there is quite a bit of equity in a property. Rental rates are AMAZING in Fort Collins. Just have your brother run the numbers on what your new loan amount would be and what he thinks rents would go for, let me know if you need help estimating. I also recommend holding onto the property in Fort Collins. Things are only continuing to rise, so if he's okay moving to Loveland, by all means... Let me know if he needs help with any ROI, cap rate analysis. I am a local investor and Realtor myself who specializes in investment properties - I'm happy to help in any aspect. Good luck to your bro! Jeremy Clarke Velocity Real Estate and Investments

Mike Dymski that feels like good sound advice. I appreciate the words of wisdom.

Thank you @Nick McKinnis & @Timothy Stauffer for reaching out much appreciated! @Christopher J Lemmon & @Trista Fenner - fair enough. I love me some BBQ so i think i can make that happen!

Thanks Shaun Armon for the advice. Could only hope things continue to appreciate at this rate in our market.

Thanks @Kyle Doney i agree that the RoR can't continue at this rate. It feels a bit like winning a big hand in Vegas and knowing when to walk away and when to keep playing.

Thanks @David Shapiro, good point on the interest rates. I don't have a ton of capital but a decent amount tied up in properties. Trying to figure out if it makes more sense to cash out now and reinvest or cash out now diversify in multiple other properties.

Kansas City! I am a twenty-something investor from Northern Colorado with another full time job looking to explore the possibilities of investing in your market. I am specifically interested in the buy-hold market, although i could be open to other possibilities should they make sense.

I am looking for someone who can help educate me on the market while i'm in town and perhaps show me around a bit (areas where best to invest in and where to stay away from). While i don't want this post to be solicitation for a RE agent, lender, or property manager - i will be in need of all of these things.

I am interested in SFH, Townhomes, Condo's or Multi-Family. I would prefer something turn-key.

Please let me know your thoughts, your referrals, or if you might be up for meeting with me. I'll buy you lunch. Thanks for considering and happy investing BP family! 

To sell or hold, that is the question! 

I own a few properties in Northern Colorado, one of which i lived in for two FULL years before moving out. I've owned that property for 4 years now and currently rent it out to some students.

My current cap rate is right around 8%. It was much better but appreciation in the front range of Colorado has been insane. Over the 4 years I've owned this place, the value has increased by 64% (with no signs of slowing down in the next couple of years).

My goal is to continue to buy-hold, in this market as well as others, but it is getting very expensive to continue to buy new properties in my area. If i sell this property within the next year or less, i will be able to avoid capital gains tax. I net about $700 a month after my mortgage.

I don't "need" the liquidity really but you have to imagine that maybe at some point, the growth begins to flatten a bit. That said, would you take the money tax penalty-free and run (maybe reinvest it elsewhere) or would you hold on to a pretty good property that pays you cash each month?

What would you do??

@Jonathan J. Miller Are you saying that if i want to continue to add more properties to my portfolio (which i do), i should get an LLC created sooner than later but for now just get an umbrella policy?

Also, when you say my limit is 10 properties, what are you referring to exactly?

I own two homes. One of them I live in. I rent out the other. Annually I collect $25k-$30k gross for rental income total for both properties (sometimes rent a room out in my other house). I am considering buying a 3rd property this year and of coarse would like to continue to expand from there. Does it make sense for me to start an LLC property management company in my name to collect rent money? I am not familiar with the fees associated with and if I'd end up saving money on my taxes.