All Forum Posts by: Kendra Levy

@Steve K. thank you!

Hey @Betsey Biggs

Yeah...the inventory is quite low right now. 

Yes, there is a separate entrance. Zoned as a rental? It's just zoned as residential, so I am able to rent it out no problem :)

@Ben Einspahr Thank you so much! Yes, it is basically like an up/down duplex. The set up is literally perfect with the separate entrance and everything.

OHHHH....i love Arvada too!!! Yeah, I have been working nonstop on weekends and almost every night after work too! It's a never-ending list of things to be done haha

Are you doing a BRRR?

Yes, the plan is to live here for a year and then go to the next house hack!

@Zac Newell

Awesome!!!

Investment Info:

Single-family residence buy & hold investment in Westminster.

Purchase price: $382,000
Cash invested: $10,000

Contributors:
Craig Curelop

This was my first house hack!

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

It was a great way to buy a more expensive property with little to no down payment.

How did you find this deal and how did you negotiate it?

Craig Curelop found this amazing house...we saw it within minutes of it coming on the market and put in our offer right away. When you see a deal, you must act quickly! Especially in a hot market like Denver.

How did you finance this deal?

VA loan

How did you add value to the deal?

The yard needed a lot of work...I had some landscapers and other professionals work their magic to give it more curb appeal.

What was the outcome?

I found some great tenants to rent the basement, so now I am living rent free plus building equity in the home :)

Lessons learned? Challenges?

Always get multiple quotes from contractors. I needed some electrical work done after moving in and I got bids between $300-$1500 for the SAME JOB!!!!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Craig Curelop is truly the master househacker! I would recommend himto anyone looking to explore this area of REI. I am already planning my next one and he is my go to agent in Denver!

@Chris Luth

Wow! This was a great overview of JVs and with the examples coming from a market I know (Branson) was very helpful!!!

I'll definitely be following this thread to see what others say.

This is a route I want to explore eventually and there are so many creative ways to do it!

Thank you for starting this discussion @Chris Luth

Shucks! I won't be able to make this one... But looking forward to the next! 

@Daniel Choi

Hi Daniel, I'm familiar with Ladera Ranch and if were you and could handle the negative cash flow for a few years... I would hold onto the property for the long term. California has a steady rate of appreciation and so the bigger picture looks promising if you hold onto it. However, if your goal is to have money right now... 1031-ing into a multi family property that is closer to you would be a great option! I guess it really comes down to your goals for your portfolio.... Do you want money now or later? ☺️

Awesome deal!!!!! 👍

wow!!! this is amazing!