All Forum Posts by: Jeremy Gaal

@Diana Martinez,

I can say that the best way to learn is take the plunge. Sounds like you are doing pretty well with your current property. Remember, Austin is always going to command a premium and with things like the Tesla deal happening there, I feel like the market could sustain itself for some time. I know it's not much help but I think if you wait, two years from now you'll wish you had jumped in now.

Welcome to Springs investing from a Springs investor! I would have to agree with @Jenny Bayless on looking for a base hit. I lived in my first house and rented it out when i bought a new one and am currently under contract on a new build tow house as my second rental/first pure rental. Ideally I would also like to find a BRRRR property, but they are few and far between here and often if you're not quick will get bid up quickly. While I have properties in Colorado Springs, I am also looking at Pueblo as the cost for property there is lower and many who could no longer afford prices in the Springs have moved south to Pueblo. I used a realtor to find the new build option, but when it comes to off market deals obviously they may not have the info you need. Best of luck and feel free to add me as we both venture on our real estats journeys!

Jeremy

@Michael L Richards, I am as well and had the same question so I wanted to tack on with you.

This is a fantastic discussion!

I recently went under contract for a new build townhouse that isn't even built yet and I have a renter lined up and waiting for it. This market is hot and expected to stay this way for a bit. Once I close and have this new property occupied I'll be back to saving and looking for something new.

Best advice I can give is what others already have: take action. I did and ill be cashflowing nicely because of it. Can't wait to get this done and begin hunting for the next one.

@Jeffrey Smith sorry for hijacking the thread a bit here

@Raylene Luckett Froman, fair as there is a lot of variety. I’m looking more at a Duplex in the northern side of Pueblo as it makes sense to me to be both a commuter hot spot and allow for a relatively quick trip into the city.

@Raylene Luckett Froman, I am definitely interested in Pueblo. In your experience, what parts of Pueblo do you prefer?

@Daniel Haberkost much appreciated!

@Joshua Zapin have to say I appreciate you bringing the conversation up. I have looked through several times just to make sure I catch all the information in it. I have a property here in Colorado Springs but looking at generating cf here is tough. Pueblo looks like it has some real opportunities. I know someone here was saying 3rd space was a meetup for the local rei group, has that resumed or is it virtual? I’m finally finishing school and eager to learn more and find my next rental property.

@Colin Smith much appreciated!