All Forum Posts by: Kerry Smith

@Stephen Szeliski Hi Stephen! Welcome to BP! I concur with everything mentioned above, plus one neat tip for the podcasts - try listening to them at 1.5x speed! I can get through a one hour podcast in 45 minutes!

@Laura Marshall Great tip Laura!

@Julie Sisnroy Thanks for saying hi Julie! As I was leaving Fountain in 2006, Pueblo was starting to pick up. I was working at Ft. Carson at the time, and felt the drive to Pueblo was a little long. However, this time around I would not mind living there at all. I can see the Springs being more competitive. As I was Googling around a noticed a lot of the big name realtors that were around in 2006 are gone now. I guess the bubble bursting took the wind out of their sails.

Question Julie - Are you managing your own places or do you have a property management company?

We definitely have to keep in touch. I would love to check out Pueblo more!

@Matt R. Hi Matt! I have a 3/2.5 w/2car garage. It's right at 1600sq ft, on a smaller lot. The house was built in 2004. It rents for $1300 a month currently.

@Dawn Anastasi Thanks for the pics, they definitely help clarify the rating system.

Hello Colorado Springs, Fountain & Pueblo investors!

I am currently living in Germany, but looking to move back to the US in one to two years. I have the option of returning to the Colorado Springs area when it is time to move back. I currently have a rental in Fountain that is cash flowing $300 month for me. I also have a great property manager, which makes that area all the more appealing for me to continue investing in. Admittedly though, I am out of touch with the market there. I am looking at buy and holds currently, and I would like to start flipping once I am back full time.

How are things looking these days?

@Michael Mason There cannot be enough said about Clarity and Focus - Two things an Executive Summary provides not only you, but in this case your lender.

Before you approach another lender, take a look at this informative video from MemphisInvest:

How to Make a Bank Book

@Hubert Drantner I am currently living in Stuttgart. I have a few friends who have purchased houses in the greater Stuttgart area. Feel free to contact me as well.

Good luck!

@Robert Leonard

@Jerry W.

@Brianna S.

@Cal C.

@John Collins

Thanks for all of the awesome advice and feedback! My wife and I are going to use the capital to wipe out the consumer debt (auto & CC) that we have. We are going to aggressively pursue selling Property #2. Beyond that, we are definitely considering moving on to the German economy for the savings and experience.

Thank you again!

As many have pointed out on BP, it's not truly Passive Income if you have to manage it. Then it is another job! Also, it is always recommended that you factor in the management fees when you are running the numbers on a deal. At some point you may want to transition over to property management. If you haven't planned for it, you are going to take a Cash Flow hit.