All Forum Posts by: Luke F.

I know that this has been asked here in the past but how do you handle liability issues of being sued? Do you put your properties iinto LLC? Do you have an umbrella policy for problems that may come up? Do you do both? Can you do both? Any help would be appreciated.

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For those in the Denver area, how do you feel about condos as a rental? It would be an opening for me to finally get back into real estate but I am concerned about:

*Prices being inflated (I know everyone thinks a crash is coming but the prices seem crazy)

*Possible changes to the defect laws (right now, any single owner can sue the builder) so few are building new units

Would love to hear some input on this.

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Originally posted by @Michael Wentzel:

@Logan Halliburton

We own 16 rental properties in Pueblo and love the community. It is true that you need to be careful. You can't just buy something that is cheap and hope that it works. But if you do your homework and put a good team together, it can definitely work. Our properties our East Side, South Side and West Side. We have a great Realtor and property manager down there. Let me know if you would like me to get you their details.

Mike

Do you have a preference on the age of the home?

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Originally posted by @Matt Vogt:

@Chris Billington, how about Greeley, Fort Collins, Colorado Springs, Pueblo, Ft. Morgan? I have seen potential deals that would have similar COC returns in those markets, and they are nearby. The potential for the I25 corridor to expand connecting Ft. Collins and Colorado Springs into a solid block is there. This market is definitely hot, but the surrounding markets don't seem to be quite as explosive yet. If I were to go to those markets, I would focus on the better parts of town and/or around the CSU campuses.

How is the Fort Morgan market?

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For those investing in Pueblo, what are the best areas to invest in? Any areas to avoid?

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Jay

What are you seeing that you feel things are nearing a bubble?

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Great work and an even better use of manual laborers.

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Originally posted by @Tony SanFilippo:

@Brian Adams

Congratulations! Would you mind sharing some details, rents, debt service how you put the deal together? Thanks in advance and great to see you getting deals done.

Seconded, especially from your great location.

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If the parameters are a 100k property, what would you be satisfied with for cash flow?

For those investors that don't like the question, please let me know why. It sounds like the majority are against Turnkey then as it seems the appreciation is limited.

I personally wouldn't invest locally as of right now due to the fact that the market seems extremely high. Not sure how much higher it can really go but what do I know.

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Excellent post as well.

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All Forum Posts by: Luke F.

Luke F. has started 16 posts and replied 59 times.

Post: LLC vs. Umbrella Policy in handling liability

Post: Condos in Denver area?

Post: Pueblo Colorado Buy and Hold?

Post: Denver, Co investor pondering Kansas City market needs advice!

Post: Pueblo Colorado Buy and Hold?

Post: is it time to take the chips off the table

Post: Finished our first flip

Post: Just Closed a 240 unit Apartment Complex

Post: For a SFH, what cash flow amount are you seeking?

Post: My trip to Kansas City to meet with Turn Key Operators