All Forum Posts by: Kerry Crandell

Thanks Natasha- I'll look into that company!  

Hello BP people!  I'm closing on a house in Ohio (I live in CO) that I intend to rent to grad students. I'm hoping someone in the BP community has good insight and connections for both a lease template for students AND a good property management company referral in dayton Ohio.  Anyone out there???  

I just purchased my last two rental homes using my HELOC. My strategy goes like this: I make cash offers (well below asking price) with a 2 week closing- and use my HELOC money to buy the house(s). I think I got lucky, but both deals had me walking into $30-50K equity. Once I owned the property- I would rehab to increase the value (around $7000 for each place). I then did a "cash out refinance" and was able to pay off the HELOC balance (including the rehab costs) due to the new appraised value of the home after my rehab. During the 60-90 days prior to the refi...I would only pay the interest on the HELOC. It also helped that I had renters in both houses as soon as they were updated. Now I enjoy a very low fixed rate (4.675%) for the life of the loan and I'm off to find another house! Good luck...I'm VERY new to REI, but feel free to reach out if you would like more details.

Hi…I am VERY new to this forum and BP website.  I just flipped my first renovation project in the North City Park neighborhood in Denver.  While it took a LONG time and cost almost double than my partner/quasi- contractor predicted…I am walking away with 100% return on my investment.  Furthermore…I'm hooked on real estate!  (and one step closer to making it my full-time career)  

I was presented with the opportunity to have first rights on a property in Whittier.  It's a total scrape and ideal for those really hot/trendy duplex or triplex I've seen popping up all over.  Trouble is….how do I find out how to find these builders?  I've googled…not very good use of my time it seems.  Anyone on this forum (living in Denver) that might have good advice?