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All Forum Posts by: Koren Lavi

Koren Lavi has started 1 posts and replied 65 times.

Post: College Student at Boulder Setting Lease Agreement While Living In House

Koren Lavi
Agent
Posted
  • Real Estate Agent
  • Denver, CO
  • Posts 65
  • Votes 29

Hey @Arman Mokhlesi

Your agent should be able to give you a sample lease or find one from a fellow investor friendly agent. Also definitely do a good amount of research about rental laws in Colorado and make sure whatever lease you get a hold of is up to date with those laws. They change yearly so its important to do that!

Post: Higher deductible killed conventional and FHA - Now what?

Koren Lavi
Agent
Posted
  • Real Estate Agent
  • Denver, CO
  • Posts 65
  • Votes 29

Hey @Tom LaRocque

@Kristine Hodges is right about why this is happening. And this is happening more and more often. My wife is a mortgage broker and she is seeing a scary rise in condos that are becoming unwarrantable. Lenders are reaching out to Fannie Mae and Freddie Mac to have the minimum increased, since this is an issue that will not go away as insurance companies raise premiums to stay profitable, and HOAs try to avoid paying higher premiums by increasing the deductibles (or sometimes they need to do both to afford a policy at all). 

Post: New beginner investor

Koren Lavi
Agent
Posted
  • Real Estate Agent
  • Denver, CO
  • Posts 65
  • Votes 29

Hey @Liam Alvarez

Welcome to RE investing! I'm also an investor in Denver and have done STR, MTR, and LTR. I would be happy to answer any questions you've got!

Post: New to Real Estate, best way for me to get started?

Koren Lavi
Agent
Posted
  • Real Estate Agent
  • Denver, CO
  • Posts 65
  • Votes 29

@Jaime Ponce welcome to the BP community. This is a great place to start!

I’m based in the Denver metro area, and would be happy to chat and answer any questions you have. There is definitely A LOT of info out there, it is easy to get information overload. A great first step is to just talk to people that are doing what you are wanting to do (real estate investing).

Post: Best Strategy for Starting Out in Real Estate

Koren Lavi
Agent
Posted
  • Real Estate Agent
  • Denver, CO
  • Posts 65
  • Votes 29
Quote from @Travis Timmons:

I'd suggest looking into Wes Moss's work as guide to getting out of your W2. His theory is a paid off mortgage on your primary, $500k in liquid assets, and more than 1 source of income (real estate, social security if of that age, retirement, part time job, etc.).  You can get there, but it's hard. Real estate is tough when you are trying to live off of the cash flow/income. It's like the house knows you need the money and something breaks. 

Good luck and feel free to reach out if you think that I can be a resource. I think that you are on the right track thinking of paying off mortgages. The only real way to get enough cash flow to live off of that I have found is a paid off long term rental, a property you've owned for 5-7+ years, or a more hands on strategy like short term or mid term rentals. 


 “its like the house knows you need the money and something breaks” 😂😂😂 that is painfully true

Post: Home Inspector recommendations? Small MFH Denver

Koren Lavi
Agent
Posted
  • Real Estate Agent
  • Denver, CO
  • Posts 65
  • Votes 29

Hey @George Turner

My opinion may be biased, but I don’t see a reason not to go with your realtor’s rec if you trust them. A healthy dose of skepticism is good, but usually they want you to have the best experience possible. Word of mouth referrals from past clients play a very critical role in most realtors’s business, and to get that they need happy customers. If they are doing things right, whats good for you is good for them.  

I personally recommend Call2Inspect (303 730 7233). They are the only home inspection company I’ve used that pulls permits to see all the work that has been done on the houses prior to inspection. And they do a fantastic job on the inspection, report, and in-person summary as well. 

Post: Hello everyone! New to the community

Koren Lavi
Agent
Posted
  • Real Estate Agent
  • Denver, CO
  • Posts 65
  • Votes 29

Welcome @Ido Weis

This is one of the best places to start that type of journey!

Post: Bobby in Denver but have relationships across the country

Koren Lavi
Agent
Posted
  • Real Estate Agent
  • Denver, CO
  • Posts 65
  • Votes 29

Welcome to the forums @Bobby Cofield

I love the pay it forward mentality! 

Post: Ellie Reimer of Aerowood Property Management

Koren Lavi
Agent
Posted
  • Real Estate Agent
  • Denver, CO
  • Posts 65
  • Votes 29

@Alex Powers just read the DORA news release about her. That is wild. I haven’t had to hire out PM for my rentals yet but what I’ve been told is that 10% are good, 80% are mediocre/fine, and 10% are awful. 

Post: Intro first post

Koren Lavi
Agent
Posted
  • Real Estate Agent
  • Denver, CO
  • Posts 65
  • Votes 29

Welcome @Jahid M.

I have done all of the above if you ever have questions feel free to reach out!