All Forum Posts by: Joshua Tikal

Wow @Scott Schaecher. The level of effort you have had to rebuild is incredible. To add insult to injury, once on the market you also will only be able to gross so much. Have you calculated the additional time this will require for you to recover? 

Scott, this is an amazing story and it would have be very easy to sit in the corner and lick your wounds but you did great job pushing forward to complete the project and thank you for sharing. Your experience was very insightful.  You will help many. 

Wow @Austin S. thank you so much for the offer! If we make it to Sterling I will absolutely reach out! 

Thank you @Bill S. Those are great points. Market sensitivity is absolutely a factor when evaluating a location. That being said, as an investor we could provide a greater impact to a smaller community which is a key goal with our business. We are just unsure if the risk is worth it.   

@Austin S., thank you for the feedback. 

@Kathy Brasby, thank you for the details. Great to see the demand in a smaller population. We are very excited to find opportunities where we can truly make an impact to a community. We are very eager to dig in and continue to grow.  

Hello @Charles D Cruz,

SFR's and multi-family are the focus. The strategy would be to have a great amount of saturation in the market once a property is acquired. Trying to maximize the footprint in a small market will allow for more influence on rates.

Hey BP investors!

Have any of you invested in the smaller towns of NE Colorado? Fort Morgan, Brush, Sterling, etc. Properties are lower cost with lower gross income but cashflow is still possible. The great concern is demand. Can you invest in small communities with success? 

If you have any experience or recommendations I would greatly appreciate it. 

Thank you for your input,

Joshua Tikal

Thank you so much @Nghi Le. I'm eager to review the products that you have available. Thank you so much.

@Nghi Le that makes sense now how your can register the LLC directly in the state in question. My challenge is lenders are requiring a local address to be associated as the principal address of the LLC.

Thank you @Nghi Le for the insight. For your LLC's in the state of the properties that you're holding, what do you use as the principal address?

Hello @Jimmy Dudley, yes my search for financing has been very extensive, many local banks, and even hard money. Finding a lender for an out of state investor with an appetite for rehab and hold has been quite difficult. There have been many poorly managed projects from out of state investors and so lenders are very cautious currently which is the reason a "local" presence is very important.