All Forum Posts by: Lee Oday

Looking for feedback from the community in regards to buy and hold cap rates and/or cash on cash returns. I've seen recent transactions across the metro area where investors have purchased properties with cap rates around 5%-6% and COC around 6%-7%. I can't imagine these numbers being too impressive. I assume some are looking for an appreciation play. Question is, are these numbers satisfactory for this market? Or, are some buying thin deals because of the lack of good opportunities? Feedback appreciated, thanks.

I often think about when I transitioned into Real Estate Investing and my eagerness to learn. That eventually gave way to the realities of the Denver market and the complexities of the investment side of the business. I quickly learned it's a process and with the proper focus and commitment you can accelerate the learning curve but still have much more room to grow. It was a challenge and I know some of you have received what appears to be random emails and text messages about potential projects and/or deals from me. Some missed the mark but they all were learning experiences and some have opened doors to grow my business. I've been party to nearly 3 dozen deals over the past 2 years and have only had a couple fall through.  If it wasn't for bigger pockets I would not have some of the relationships I have today.  Although I don't post much, I observe and research when I need answers. I appreciate the platform in which bigger pockets provides to entrepreneurs like myself and other experienced investors as well. I went from not knowing what a deal looks like, to looking at strategic ways to market a property and who to target. Soon, I'll be transitioning to become a licensed agent so I can expand my business in addition to working with investors. Due to bp, I outgrew my space and will continue to build on the momentum. I'm finding a 1-2 deals a week so if you would like to connect in the future please reach out. In the mean time good luck.

Sure. What's your email?

Off Market. Well maintained 2BR/2BA (1,167 sq./ft.) 1 car garage condo located in the Cherry Grove Community in Aurora. The home is near great shopping, dining, major highways, Fitzsimmons Medical Complex, and steps away from the new light rail going in along I-225 as well as Sable. This first floor unit has an open floor plan with fireplace and newer tile in bathrooms and kitchen. Long term tenant in place with lease that expires in May. Cash or private financing only. Must be able to close the second week of January on the 9th. Thanks!

14*** E 1st Dr Aurora CO 80011

Buy 169K

Rehab $250 (Professional Cleaning)

Current Value $180,000-$184,500

Currently Rented at $1,100 (lease expires in May)

Market Rent $1,450

Annual Gross Income: $17,400

Insurance/Taxes: $1,500 annually

HOA: $2,700

Maintenance/Vacancy: $500

NOI: $12,700

Pictures are available upon request.

SOLD: $160,000. Thank you all for your interest.

Off Market, Turnkey rental 3BR/2BA 1,543 SQ/FT. Built in 2001 this condo is conveniently located in Aurora near shopping, dining, Anschutz, Children's Hospital, the new VA, light rail and bus lines. The condo is currently rented below market @ $1,375/mo with a lease expiring in December of this year. 2BR/2BA have began trading at $141-$147a sq/ft. The community also offers excellent amenities. Could be a great opportunity to buy into equity and cash flow as well. The complex has seen significant appreciation. At current appreciation rates the home could be a candidate as a flip at the beginning of next year. Allowing you to keep your options open, with multiple exit strategies. Contact me at 303-514-5134 with any questions.

Ask: $160,000

ARV: $182,500-$192,000

HOA: $225

Thanks for the info Dan!

Are there any meetups in the Denver Metro Area for Buy and Hold Investors? I have primarily focused my energy on finding flips. However recently, I have sold a couple of deals to buy and hold investors that have worked out well for both parties. With the flip market tightening up (for me at least) I want to spend some more time developing these opportunities. While doing research here on BP I have seen numbers all across the board as far as cap, cash flow, and appreciation. I want to learn more about my market to better serve current and future clients.

Sold 2-23-16

Under Contract. Despite the quality of the ad. Thank you all for your interest.