All Forum Posts by: Jimmy Vasquez

@Lin Xia my family and I have lived in Castlerock for 12 years. It's a great place to live and invest. We help clients and friends do STR, MTR, LTR as our main business.In fact, we are in the process of buying an investment property and turning it into an MTR during December 2021. Happy to chat and would love to talk and need a new possible neighbor!

@John Vu what area of Colorado are you located in?  I've got a range of contacts.  I live/work on the Front Range - Colorado Springs and Denver.  Let's connect and I can give your introductions.  Cheers, Jimmy

@Alan Le Nice work on the house hack!  That's the way to do it.  One unit at a time.  Buy it owner occupied, fix it, rent it and repeat.  Sometimes a refi thrown in there makes a big difference on cash flow too and enables you to do the next one.  My wife and I have been executing this strategy for 20 years.  We love to rock climb, hike, bike and ski/board too.  Would love to connect and share ideas!

@Craig Myers, I am an agent in the Denver area. My wife and I have been investing personally as well for the last 20 years. We look for areas we would like to live in. Areas we would feel safe in. Recreational activities like Public transportation, theaters, restaurants, parks and trails are all good amenities. If you can have one or more of those near they are good selling points.

We started out house hacking. We found a foreclosure property that needed some fixing up, did the work and rented out the rooms. It was a cute downtown house so there were parks and restaurants nearby which were good selling points.

Hit me up if you want to flesh out any of your thoughts. Cheers Jimmy

@Parker C. Snow both personally and professionally, we do the whole life cycle  from buying to getting tenants to selling. Would love to chat on your goals!

@Christopher Lamp exciting time for you and your girlfriend. My wife and I have house hacked, flipped, STR'd, MTR'd and LTR'd rentals for 20 years, so I've got some experience in all areas. We have an LLC we run our business through but when we get loans, it's still through our personal credit. W2 income is very helpful in obtaining the loans. Hard money loans are an option but keep in mind, the fees/rates can be significantly more so you don't want to hang out long with a HM loan.

You can always do more with leverage, but I agree with other posters here that when you flip the first few times, you will learn a lot but you likely won't hit your optimal budget, so you may want to start slow.  You'll learn a TON.  I keep "lesson learned" notes to reference as we go along because it's too much to remember (and sometimes you want to forget some of the painful moments, ha!) 

I love to talk real estate and investing anytime.  Lots of options and paths forward and a great community hear to connect with.  Good luck!

@Benjamin Taylor I personally invest and help friends and clients in the Denver area market also. I have 6 SFHs and have done house hacking, STR, MTR and LTR. Many options. I always love a good conversation about real estate. Would love to connect!

@Jason Breton a wholesale deal with cosmetic fixes required may be a good idea. Follow the BRRR strategy. You may only break-even in the beginning but over time, this will be a solid winner. You certainly could look into airbnb/VRBO rental income depending on the local guidelines and even still, medium term, furnished rentals could be a nice option to consider as well for some extra Cashflow.

I've got 6 SFH in the area and have house hacked, STR, MTR and LTR plus I'm constantly in the market helping friends and clients. Let me know if I can help at all.

@Joe Garretson there are so many great places that you could invest. My wife and I (and our kids eight and 10 years old) also live in Castle Rock. We love talking real estate another investment and it would be awesome to meet up sometime. We Just sold a rental property in Colorado Springs and are buying two in Castle Rock bringing our total holdings up to 6 SFHs. Let me know if you wanna throw ideas around. 

Nice work @Cully Ladino. Now rinse and repeat and you’re gonna build major wealth.