All Forum Posts by: Mark Leavitt

Just like Jim said, you will have a lot of red tape to go through in order to make something like this legal. And when it comes to renting out anything being legal from the start, will always help you in the long run. 

onto of this taking out the garage space here in Colorado will not help you when you go to sell the property down the road. adding value to a property is one thing but taking away an asset to create the value is another. overall when it comes to converting a garage space know and understand all the laws in your area before you even buy a place. Best of luck!

Welcome To bigger Pockets Chris,

Sound like you have been working hard and creating cool things. Being an entrepreneur is not easy and but if you can do that, then you are going to do wonderfully in Real Estate investing. I would say listen to the pod casts on bigger pockets as they are packed full of amazing insights. I personally like the pod casts on here where they interview Grant Cardone. There are 2 of them but the episodes numbers escape me. However this is a wonderful platform to gain insight. But if you are in the Denver area, I would suggest checking out the Denver real estate investing podcast by Chris Lopez, this pod cast is also amazing at helping you understand the Colorado market as well. I have gained tons of insight from this podcast. 

And if you are ready to invest or looking to do so. I strongly encourage you to understand financing options and talk to a lender you trust and that will work for you, and help you understand how to grow into what you want to do. The Financing aspect is an extremely important part of helping you get to where you want to be down the road. You will hear a ton on these pod casts about FHA loans but its not always the best type of loan out there, so understanding all your options first is HUGE in getting into real estate investing! Hope this helps. And if you want to look at properties here in Northern Colorado let me know! Have a wonderful day.

Mark  

Sounds great look forward to hearing from you! 

Hi! 

If your interested in the northern Colorado market I will be happy to share more about Greeley, Loveland and Fort Collins. Each place offers different things with investing market. And they are most likely more what you are looking for in the middle of both Denver and Wyoming. 

I personally have my license as an agent in Colorado and utilize all the techniques I have learned on bigger pockets and by networking. I bought a duplex in Greeley last April and know the market here in northern Colorado well. Let me know if you are interested in talking more. 

Mark

Hey man! Great start you already have! That’s exciting to be able to tap into you existing mortgage like that. I would suggest a fantastic resource for you to tap into is Matt Pillmore and his YouTube channel on these topics. Called 

Vipfinancialed 

He is based out of Denver and has amazing free advice like you see on Biggerpockets. He also spoke last year at the big investors conference In Denver put on by castle and cook Mortage as well as your castle real estate. (These places are great local investor re sources) hope this helps!

Hey Thomas, 

Great idea to house hack for sure. If you want to talk about strategies here in Northern Colorado, shoot me an email and we can sit down and chat sometime. I live in Greeley but am a real estate agent up here in northern Colorado. 

Mark 

Hi Derek,

I am actually working on buying a multi family in Greeley right now. And are you trying to buy a multi family, with an fha and live in it? Or are you buying them up as investment properties. Ie using a conventional loan? (Keep in mind most lenders and brokers do not use the term house hacking) 

Anyway I could tell you about an agent I know in Greeley that would understand what you are looking for. And there are lots of lenders on here I have talked to that I would recommend. Contact Chris Lopez at Your Castle in Denver as well! He is on bp too.

Hey thanks for the info, I saw it up online and it has some photos attached to it! Thanks for posting about it.

Do you have any photos of the inside? Or anything other than what I can see from google earth? I sent the info over to my contractor but I would prefer to see more photos before I send him over to the property at this point. But I am interested. 

Great question, I think having a rental in Denver is awesome, but you are speculating to much about what ifs. I agree with what Matt says, especially if it will help you get on your feet. If i were in your position I would sell and buy rentals in my own market close to home. but If you plan on coming back to Denver then it never hurts to get out at any point where you will make a return of even $5000, becasue at least you made some money.