All Forum Posts by: Joseph Graeve

Hey @Ellie T.

Wow this is so much advice on one post. Ive never seen this many people post really great content on one post.

Its all a lot to consider. I do have experience with out of state partnerships and all the ways that can work or not work. It can be completely passive for you or a good amount of work. Neither is an indication of what type of return you might get with it.

I am a fix and flip investor in Colorado Springs and Denver Colorado and have investors that are completely passive and make returns around 20-30% ROI . So rentals is not the only way to passively make a great return through real estate. Investing/partnering with a fix and flip investor gets you all of the benefits of being passive with the higher returns of actively flipping.

If you have any questions about how to vet an investor like me that you might be considering or how to protect yourself in partnerships like this feel free to message me and I would be happy to offer my advice.

Hey I would be happy to give you some investor to investor advice. I have a good amount of experience in Colorado Springs and Denver and my partners have a lot more experience in Denver. But together we can definitely come up with a solution. If its a great deal for what I'm looking for I would be happy to come aboard and fund it/ manage it. If not I could still help with advice and what would be best for you to do with it. feel free to call or text me. I'll try to call you if I don't get one from you first.

Hey @Theresa White

Great Job already owning 3 homes and pursuing more assets!

I am also in the Air Force, (2d Lt)  and doing Fix and Flips mainly with a few lease options. Awesome that you're dedicated to supplementing the pension income with cashflowing rentals.

finding the sweet spot in the ownership timeline is a great idea I think. I can see the value in the advice of never sell your rentals, but I am open to more strategies. One example that comes to mind right away is the lease option. getting a house under a lease option from the seller, and then sandwich lease option'ing out to a qualified tenant. Getting 3k-5k up front from them as an option fee. getting 300-400 a month over what you are paying to the seller (if they are motivated enough this should just be their mortgage payment and no more, if they want more they might not be motivated enough) and then getting a 15-30k spread at the end difference from the option price you have and the option price you're giving your tenant. You don't have to put very much renovation money into the property and most of the time you don't have to hire a property manager if they are truly motivated to be buying the house in a year. Let me know if you have more questions about this, id be happy to share my strategies.

I have a contractor that would love to give you a bid. Most trustworthy contractor I know. Let me know if you would like his contact information.

Welcome @Grayson Lynum

I've done all three of what you mentioned, house hacking currently, a few lease options and a lot of fix and flips. You're on the right path being on biggerpockets and wanting to learn as well as give back. People will see your genuine intentions right away and good things will come to you. Let me know if you have any questions about how to get started in any of those arenas.

Keep Hustling

@Matthew Brand

I agree with the others, get out while you still can. Definitely use the equity to invest in something thats close by when you move here to colorado. Denver market is strong and Colorado Springs market is stable with the 5 military bases here. 

Id be happy to meet up with you once you get here or discuss on the phone about colorado investments. 

Keep Hustling

@Joe Derosa

you're right, i think there are both sides to it. I do strongly believe in certain people being shortcuts in your education or learning process, but i havent heard great things about 20-40k mentorships from rich dad or other gurus, even though i love what kiyosaki teaches. Learn as much as you can yourself and supplement with coaching courses and mentorships I was just a little turned off by you asking in the first post how much he would pay you to learn that. It came off a little ingenuine, and like you didnt have his best interest at heart only his money. But i could be wrong. 

Keep hustling

@Demetrius Minos

I disagree with Joe, I think all information you need is FREE. that is what this entire website is about. How many podcasts and articles are here alone you could learn everything you'd ever need. There are more than enough people on the site to answer any questions you have or become web mentors to you. And there are all sorts of quality books out there. The seminars and programs are definitely not necessary to get quality information and in my opinion the people that take them don't often achieve massive levels of success in real estate because of them. @Joe Derosa, I'm happy to see that you are doing well as a result of the courses.

I have also done 3 lease options similar to Joe and Id tell you everything I know for the price of a beer haha. happy to motivate and teach entrepreneurs, I was there once and many people helped me get to where I am now.

Hey @Duncan McKay

Congratulations on getting started. Use this beginning motivation to fuel you into learning everything you can about the business.

I wouldn't completely rule out in state. One thing I've learned is that sometimes Me and my personality/ sales skills/ knowledge of real estate is what makes the difference between a seller choosing to go with me or offer me that low price or not. There are many benefits to staying in Colorado even if it is overpriced, and many ways to do it even if you don't have enough money yet. Keep hustling!

Hey @Patricia Miller

Don't give up hope! it is hard that is why not many succeed but push through the noise anyways. Deals are not easy to come by anywhere but that doesn't mean they don't exist. You just have to keep working hard. I invest heavily in Colorado Springs and Denver and would be happy to share some tips with you. Keep hustling :)