All Forum Posts by: Kent Lord

@Steve R Chamberlain

Just finishing up a 6 plex in North Platte. Let’s connect

@Andrew Curro

The BRRR method doesn't work in any large cities like Fort Collins, Boulder, Westminster broomfield, Thorton, Denver, Lakewood or anything around there. There are small possible pockets like Loveland, Aurora, commerce city but you would have to have a great marketing plan.

It's extremely hard to purchase a property at 70-75% ARV. I have seen some in East Thorton but it was an automatic bid war with cash investors.

Look into areas like Greeley and CO springs and Pueblo. I’m a licensed agent here in CO and I’m still even thinking areas like Cheyenne WY.

The last BRRR I did was in Berthoud and found the deal on Craigslist, not MLS.

Also another note, all 3 MLS from Fort Collins all the way to Pueblo are now all sharing data so we can pull list from further away really helping me and my investor friends find properties down where the fruit is ripe.

@Ashley Are you investing in North Platte?

Kobe, is this still up to date?

When you don’t get many at bats and market hard to find direct sellers in distress, it can make it hard to discern negotiations by not wanting to lose the deal. It seems that “deal worshiping” like dating, can scare off the seller or induce over compromising myself into a bad deal.

@Nick Love

Naturally night owl, but I hate it. I now have a pretty consistent habit of 6am rises but sometimes I’m not all there even after a run. I light up when it comes to time constraints and evenings though.

 I like this post. Questions for Mark. 

1. How would you make her payments for her to her bank? Would they allow that? Can you direct deposit that money or does it have to be cash? 

2. Assuming its the owners "rental" property and not primary residence meaning there is no alienation clause, would the owners bank not care if the money is coming from another account? And the owner if they had auto pay would have to disconnect their account from them? Now days people usually pay online and have a login and password, would this not work in this case?

Im going through this right now, an out of state deal that came to me where she owes $30k on a property and we have agreed to purchase price of $100k for a 6plex. I put 10k down and pay for reno myself but I dont understand how to transfer the title.

Investment Info:

Small multi-family (2-4 units) fix & flip investment in Berthoud.

Purchase price: $265,000
Cash invested: $100,000
Sale price: $455,000

Live-in fix and flip nonconforming detached duplex.