All Forum Posts by: Kevin Greer

We looked at several packages, assessed Appfolio determining it  it was too heavy for under 50 properties, and decided on Buildium. They are very friendly, customer service is great and conversion from manual processing was pretty simple. Agree that converting tenants from mailing checks to online e-pay was easier than expected also (and highly recommended).  They also continue to add new functions and options. 

Jason - Highly recommend accounting - It is one, if not the best major coming out college today.  See link - Accounting is the No 2. occupations with the Most Job Openings: Bachelor's Degree.  It has been a life changer for me which great job stability, advancement, and opens the latter to all business jobs - highly  recommend.

Thanks @Justin Kline.  Will try Cozy and use your stock email.  Appreciate everyone sharing here.

No 3.  Like the color design and scheme.

Welcome !   Agree in assessing your three options, # 3 - long term buy and hold is the least risky path and can progress you to accomplish your goals of avoiding stock market speculation.  I too am amazed as how poorly the stock market has performed the past 5+ years and why so many ride this along with stagnant returns.  If you can get to a positive cash flow property, as the tides increase, so will your rents, profits, and wealth.  The long game allows you to balance RE along with job.  Good luck and listen to the podcasts!

Welcome to Bigger pockets. Real estate is a great means to get to passive income. Check the forums and create your network. Also, might consider putting property into your IRA - lots on that topic. Welcome aboard.

Mark,

Thanks for super interesting thread - lots of good opinions.  I too am in a situation similar to yours - nice portfolio in Colorado where 1) cash flow is moderate - not high (not close to BP recommended rules) like in other states and 2) feeling it impossible to grow to big scale (i.e. 100 units) like possible in other states with more multi, apartments, commercial, etc.

I agree with @Russell Braziloutlook/thoughts above. (And I know you know this) Colorado is a special appreciating market and in deploying cash out to invest in cash flow, you may lose your ability for the upside appreciation. I have owned homes in Indiana and Virginia (Washington DC area today) and experiencing single digit appreciation after 10 year periods. Thus, my experience is you can achieve 1 or 2% rules and good ROI cash flow but not achieve/expect Colorado appreciation. Agree that Colorado might have more runway yet. Overall like Russe's summary statement " But trading out because of the equity I think could be a mistake I think. Cash flow is how we pay our bills....but appreciation is how we really build wealth...and you do not need to buy for appreciation, but when it happens that shouldn't force you to redeploy."

Hi Ruth.  Welcome aboard.  At a starter, set up key words and you'll learn something everyday that is in your interest or geography circle.  It's a pretty amazing network tool as well.  Be brave and join the investment property team - nothing like learning with real world experience! 

Exceptional article Mindy.  Love the comments as well and full discussion on pro's and con's of a license.  I'm a CPA and have been through the full certification process.  Sometimes it is easier to use professionals and focus on other areas.  Thank you for sharing the article and full process!

@Bill S. Agree with your points and qualifiers.  Population growth is a factor of economic growth so as long as the Denver job market stays robust, company's want to move and expand here, and respective salaries increase, the housing market will follow.

Now for a question:  If it's possible that the 5 year growth projections could be another 17-21%, will rents increase accordingly?