All Forum Posts by: Kenny Smith

Hey @Nathan Weber

Welcome to BiggerPockets! You have hit the JACKPOT of resources for real estate investors. You can literally find answers to all of your questions within the confines of this site. What’s the best way to get started using BiggerPockets?

1. Subscribe to the BiggerPockets Money and Rookie Podcasts

2. Attend the FREE WEBINARS

3. Attend a Meetup in your area/virtual meet ups

4. Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy

5. Peruse the forums! Ask questions! Answer questions! If you are consistent with learning real estate over the next 4-6 months, you’ll be ready to purchase your first (or next) property in NO TIME!

Good Luck,

Kenny

Hey @Adam Littrell

Welcome to BiggerPockets! You have hit the JACKPOT of resources for real estate investors. You can literally find answers to all of your questions within the confines of this site. What’s the best way to get started using BiggerPockets?

1. Subscribe to the BiggerPockets Money and Rookie Podcasts

2. Attend the FREE WEBINARS

3. Attend a Meetup in your area/virtual meet ups

4. Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy

5. Peruse the forums! Ask questions! Answer questions! If you are consistent with learning real estate over the next 4-6 months, you’ll be ready to purchase your first (or next) property in NO TIME!

Good Luck,

Kenny

Hey @Brian Brictson

Welcome to BiggerPockets! You have hit the JACKPOT of resources for real estate investors. You can literally find answers to all of your questions within the confines of this site. What’s the best way to get started using BiggerPockets?

1. Subscribe to the BiggerPockets Money and Rookie Podcasts

2. Attend the FREE WEBINARS

3. Attend a Meetup in your area/virtual meet ups

4. Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy

5. Peruse the forums! Ask questions! Answer questions! If you are consistent with learning real estate over the next 4-6 months, you’ll be ready to purchase your first (or next) property in NO TIME!

Good Luck,

Kenny

@Amery Castaneda

I would first consult a local realtor for sure!  They are going to have the best knowledge of the area, and what market value is going to be.  An appraiser is only going to cost you money, and is only necessary when you go under contract to ensure it appraises so the lender can loan on it.

If you work with a realtor on it, you can pitch to the seller they won't have to pay a listing agent 2.8% or whatever your typical commissions are in that area, and they don't have to go through the hassle of getting the house in selling condition.  If the agent you work with can negotiate his commission to be paid by the seller, it is a win win for everyone around.  

@Stefan Folkert

Check out furnishedfinder.com!  This site is primarily used for travel nurses, but really anyone looking for a furnished rental.  You can also set parameters on VRBO and Airbnb to 30 days or more.

@Amy Nordeen

First off, congratulations and welcome to Denver!

Regarding permits, etc. I would call the Wheat Ridge Building Department, and they will for sure be able to walk you through the permitting process and what is needed.

I have a fantastic plumber and electrician I have used several times, and I won't go with anyone else.  DM if you need their contact information!

Good luck :)

@Matt Dunaway

I'd start with speaking with a mortgage broker.  They'll be able to shop around and find the best lender to help with your situation.

DM if you need their contact info!

@zach dasbur

Great question.  I have not experienced owning a property with an elevator, but your first call should be to your insurance agent!  See what is in your landlord policy, and ensure there are no exclusions for something like this.

They can best walk you through your options and how ensure you have ample coverage.  Good luck!

@Daniel Baran

I have a guy that myself and my real estate team of investors use.  Not sure if he's taking on more clients, but can always ask!  

DM me, and I can send off his information.  And I can't recall exact numbers of what he charges, but something to ask.

@Hoa Nguyen

I don't have much from a technical standpoint, but a couple things to consider.  One, take a look at the comps in your neighborhood to see what other properties with pools are selling for.  Depending on your area, it could help or hurt the value of the home.

Also, from an insurance perspective, it is important to understand what additional insurance would be required to have a rental with a pool.  I am not sure, but some carriers may not insure a landlord policy with a pool.  I'd recommend talking to a local insurance broker to get more information on that.