All Forum Posts by: Kevin Greer

Welcome to BP!  Even if you plan on investing part-time or as a hobby I feel like there is quite a lot of information that you can use in your experiences here on BP. I would begin by reading the Ultimate Beginners Guide that they have for free on the site. I would then jump into the podcasts to get a realistic view of how the industry works. There are so many podcasts that it can be very overwhelming which is why I recommend listening to the 22 1/2 actionable steps, the UBG, and the 10 common mistakes podcasts. Those will really help you get started and then you can listen sequentially to the rest of the podcasts as you start investing.  Welcome to BP and happy investing!

Welcome aboard Lindsay and to Co.  Real estate is a great pathway to long term freedom and passive income.  If you can balance RE with your biology, maybe you can achieve your short and long term goals.  Good start with 1 property and then more.  Learn all you can here.

Yes. Commercial and retail can be a great return in Colorado. I have had several friends jump into that space and have done well. SFH can work as well if you can buy under market, which is getting very hard to do. With demand outpacing supply and multiple bids occurring on most properties, get ready for lots of activity. Cash is king - cash deals will win (except when there are multiple cash offers). Takes great patience.

Agree with Mike D'Arrigo,  Denver is a very different market with extremely challenging cash flow models from Indianapolis.  After personally living and owning property in both, Indianapolis has reasonable prices and can provide great cash flow.  The Denver market is booming with demand and competitive.   Welcome to the mile high city!

Jon Holdman

These properties can positive flow but similar to most investment properties, need to put down 25-30% down.  Thus with a $300K, put down $100K and finance 200K.  You are able to get $2K to $2,200 per month and positive cash flow on either 20/30 year financed deals.  These newer homes usually require lower property mgmt, lower improvement cost and generally can be rented without downtime.  Demand is far beyond supply.  Hold these and over the years, rent will increase as will property values and the long-game ensues.  Just need to have the starting cash to work this strategy.  HR is similar to Parker (although Parker is a little less costly).  But would apply same model.

Welcome Cody. SFH and duplexes are great starting options. I have not moved to large multi-unit properties as I understand there are many more complexities. There is a lot of great information on Biggerpockets - continue to reach out!

I have several homes in Highlands Ranch and it's a true long-term game. ROI on these properties is not going to cash flow like some other cities/states nor follow recommended investment rules. But over 15-30 years, then can be a great passive opportunity. Happy to discuss my experiences.

@Mark Ferguson,

Agree with Mark - N. Colorado is still hot, inventory is down and homes in most areas are still selling within a week or so.  Short inventory is a problem as it continues to create pure supply issues and raise home values (to levels hard to imagine).  Even in the past 3 months, market values have continued to raise (Zillow, etc.) later into the season than other years.  I hope it will slow down over winter and stabilize.  I too am wondering about a level of correction.   

Agree and thanks for sharing.  Love to understand your risk/reward for a long process.  I too am currently upgrading a home in Highlands Ranch putting a lot into improvement hoping for some equity.  Please keep us updated!

@Linda Weygant- Congratulations! In a tough Colorado market, positive cash flow should be celebrated, especially with HOA included. Even with 25% down, I have shied away from properties with HOA believing the numbers could not work. Appreciate you sharing this story and agree on getting to 10 properties before rates increase.

Just hope the Colorado market doesn't hit a bubble in the near future.