All Forum Posts by: Jose Fernandez

Hey Dylan,

Right now I'm not actively looking for new rentals, but hopefully in the near future I can find another gem in Denver

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $236,500
Cash invested: $15,000

SIngle Family rental in Denver, with huge lot and favorable zoning

What made you interested in investing in this type of deal?

We liked the fact that this lot was 6250 Sq Ft and zoned for a duplex. Although currently it's a single family home, we have the potential to build it out in the future and add either a second unit, or a garage with an accessory dwelling unit on top.

How did you add value to the deal?

This property didn't show well when we first saw it. The previous owners had exposed drywall/studs, chipping paint, and some other minor deferred maintenance. The property was getting a lot of foot traffic but no offers. We decided to purchase it as is, fix it up (around $15k in repairs) and then rent it.

What was the outcome?

Once we patched up the drywall, added new carpet, and a fresh coat of paint, the house showed very well. We were able to rent it quickly with good monthly cashflow.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $257,000
Cash invested: $10,000

Single Family rental in Denver

What made you interested in investing in this type of deal?

Good purchase price for an entry level rental in Denver. The house did need some minor work, however the property had a large 960 sq foot garage which was a great value-add at that purchase price.

How did you add value to the deal?

Invested some money into freshening up the inside, as well as the yard. We got rid of an old hot tub that wasn't working, trimmed some overgrown trees throughout the property. This opened up the backyard to create a nice outdoor space for tenants (previously the backyard wasn't functional). We also added a small concrete slab to the backyard to create a space for the option to setup a patio table outside.