All Forum Posts by: Jim Rohman

I recently bought a primary residence, and am now starting to look at investment properties. Two questions for the crowd.

1 - When co-investing with partners, how is the pre-approval different than if you are investing alone?

2 - Say I am doing all the management of the property (after dealing with the PM). What is a realistic cash-disbursement or equity share among myself and the other investors?

Many thanks!

Investors - what is the best state to form a Series LLC out of? I've read that one should go with Texas or Delaware. What are your thoughts?

Hey BP,

I am new to this community, a little bit about me.

Live in Denver, CO and work in Boulder, CO. I work in energy consulting in Boulder, and am looking to get my feet wet with a turnkey provider. Denver and Boulder are difficult buyer's markets, and are not affordable at this point in my life. I want to get into RE investing for buy & hold purposes. 

Do you think it might be worth it to buy an investment property before buying my own home? My thoughts are that I can look elsewhere in CO as well as OOS, and start putting my money to good use. Currently have $46K in savings that I can put to good use in investment properties. My rent is reasonable, I commute for free, WFH 1-2 days/week, and live fairly frugally outside of my rent payment.

Love your thoughts - as well as any feedback.

Thanks,

Jim Rohman

Folks - what markets are you looking at both in the front range and behind? I'm currently seeing some decent, not great deals on SFH in the front range, and a handful of SFH in the Denver area. As far as Grand Junction goes, there's nothing on redfin.

Where do you start, where do we go?

@Steve K.

PM’d you. Love to chat.

@James Wong good to know! Great info here.

@Brian Nance excellent question, thanks for asking. Also a beginner getting my feet under me here.

Hello,

What is the best resource for finding rents in a given city or town? I am new to this, just starting out!

Thanks.

@Frank Patalano

I don't know anyone who is a rental property investor, have a million questions on how to start, and don't live in an affordable market to get started in.