All Forum Posts by: Account Closed

Congrats! I just sent out my first dms today and anxious for call backs!

Lindsey

I would be nervous having a rent and mortgage going on at the same time. Also think about what kind of down payment can you put on the triplex? The bigger the down payment, the more cash flow each month. Also, will you use property management or will you be land lording yourself? 

There's lots of good info on here about investing. I'm in wholesale in Colorado Springs and have learned almost everything from this site. I have learned enough to know I don't went to be a landlord until I have more money to make a better more profitable investment.

Best of luck,

Lindsey

The fact that you let the rent go so far behind just shows how compassionate you are as a family member, and you are right, that 'soft spot,' does fall under one of the infinite reasons why not to do business with family. At least not if they are in a position to take advantage of your kindness. 

Best of luck in the future,

Lindsey

I am interested in what responses you get here, as I am interested in the answer too. I will give you my two cents, however. Commercial purposes would mean solicitation or having a motive for profit. It sounds like from what you intend to do with the tax delinquent list, this would be illegal. That being said, many real estate investors operate in the grey area and get away with it. You have to be smart about it and do your research. Some states are harder about this than others.

Hello! I'm new to REI and BP, and I am looking for investors in the Denver/surrounding areas, that need help (with what? idk!) in exchange for providing mentorship. It doesn't have to be super hands-on mentoring; I really just want to see the process happen and provide you with any help you may need along the way. In turn, this will give me some experience and know-how for when I'm in a better position to jump into REI.

I am a student at The University of Colorado Denver Business School, and have no need for a part-time student job that doesn't provide me the experience I want. When I'm not in class or studying I want to spend my time learning as much about REI as I can. I want to learn more about wholesaling as a means of cash flow for investment, rehabbing, and buy-and-holds. I am willing to work for free in order to learn from your quality mentorship. If you are interested, let's connect!

Best,

Lindsey

 Thank you @Bryan Otteson for your reply, helpful information! I am still trying to figure our what my goal is in real estate investing. I think I want to try out different avenues and see which works out best for me, whether active or passive investing. Flipping has always appealed to me, and it's definitely something I want to try. The strategy that (in my head) sounds ideal, is filliping for cash flow in order to invest in buy-and-holds. Like you, I am also in the IT industry in Colorado- The hard part is staying focused on getting my degree in that when I am constantly thinking about RE!

I'm new to BP and REI. I'm going house scouting potential neighborhoods tomorrow, and would like some suggestions on which neighborhoods are the best. I intend on living there while completing any necessary renovations, and probably sell a year later or more when I'm done with college. I'm a vet and will use my va loan. I'm looking for neighborhoods with homes in the 200-275k range.

Which neighborhoods would be a good investment at this price point? Would house-hacking be a better first time investment rather than flipping?

Thanks!

 Thank you for this info, @Norberto Villanueva. My husband and I are looking to move from Denver to Colorado Springs within the next couple of months when our apartment lease is up. I will be coming into some inheritance money soon, and growing up in a realtor family, investing in real estate and being in control of my own financial future is my goal. I would like to start out by buying my first home around 200k, doing light repairs and reselling it down the road for profit. I am interested and have done research on wholesaling and flipping, but the only thing holding me back from that is a lack of a mentor, and the fact I'm still in Denver for now.

I am also looking into getting into real estate investment in Colorado Springs, also in Aurora currently. I'm afraid to buy a house in Denver in this market, and losing money if the market suddenly drops. How long are you looking to hold for? I am also interested in wholesaling, but am not sure if there's a lot happening in Colorado Springs. Need to do more research for sure, but I will probably be moving there in the Fall for school anyway.