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All Forum Posts by: Matt M.

Matt M. has started 44 posts and replied 2366 times.

Post: How soon should we start looking for an agent in Denver?

Matt M.Posted
  • Realtor
  • Denver, CO
  • Posts 2,518
  • Votes 1,277

You're making a HUGE mistake if you wait. The market is exploding, and you'll miss out on a year of appreciation. Many of the entry level homes saw $100k of appreciation last year. You'll also need cash to compete in this market currently to cover appraisal gaps. 

Buy as soon as you can. 

Post: Need an Attorney for a Wholesale Contract

Matt M.Posted
  • Realtor
  • Denver, CO
  • Posts 2,518
  • Votes 1,277

Use the DORA forms and save the money. 

Post: DENVER - Looking for good contractor

Matt M.Posted
  • Realtor
  • Denver, CO
  • Posts 2,518
  • Votes 1,277

Sent you my guys info.

Post: Looking for a Real Estate Lawyer in Denver

Matt M.Posted
  • Realtor
  • Denver, CO
  • Posts 2,518
  • Votes 1,277

If @Drew Fein is still on here, she should be able to help.

Post: Selling townhomes as condos & creating an HOA for it

Matt M.Posted
  • Realtor
  • Denver, CO
  • Posts 2,518
  • Votes 1,277

A lot of times the buyers don't really look too far into the HOA rules. It's shocking. Depending on where it was located here in town, I'd allow for short term rentals in the complex.

Post: Zillow Trouble Could Lead to Investor Opportunity

Matt M.Posted
  • Realtor
  • Denver, CO
  • Posts 2,518
  • Votes 1,277
Originally posted by @Frank Jiang:

They will all go to institutional investors.  It's not really feasible for them to sell them one at a time on the open market.

https://www.wsj.com/articles/z...

The ones currently listed will go retail. I just closed one here in Denver at $40k below what zillow paid 2 months ago. Lowball them! 

Post: Realtor Isn't Being Helpful in Finding Properties

Matt M.Posted
  • Realtor
  • Denver, CO
  • Posts 2,518
  • Votes 1,277

You won't find true deals on the MLS here in Denver. Sure you can get lucky and the market has saved a TON of investors lately, but the deals aren't there. They always get bid up to where it doesn't make sense, for me anyways.

Your agent doesn't have a network for off market deals. Very few do because it takes relationships, experience, etc and not just setting up an auto email. The MLS is also garbage in and garbage out. It's difficult to fine tune some of the searches because what is being put into the MLS is bad data from the listing agent.

I often tell my clients that I cast a wide net because I'd rather them tell me no instead of me making that decision for them. 

Also, most agents have NO IDEA what it costs to flip a home, especially now with material and labor shortages. A flip for me can be between $40k-$150k depending on scope of work. Even fewer agents have that background. 

It's also VERY dry and has been for decent off market stuff. A lot of wholesalers were dealing homes to zillow, etc. The iBuyers have been taking a chunk of the market too that would usually go to someone off market. 

I'd suggest talking with her about it and be honest in what you are looking for. Ask her straight up if she can help or not. If you don't like her answer, then find another agent. Work on finding your own deals too. Use your network. That's where I find the best ones. 

What CU was it? Elevations goes up to 90%. We've had no issues with them. 

Post: Kitchen contractor recommendations

Matt M.Posted
  • Realtor
  • Denver, CO
  • Posts 2,518
  • Votes 1,277

Sent you my guy's info.

Post: Finding contractors for flipping in a tight CO labor market

Matt M.Posted
  • Realtor
  • Denver, CO
  • Posts 2,518
  • Votes 1,277

Not worth the headache between labor AND material shortage for someone trying to break into the biz right now. Now I look at deals to just buy, clean, and list instead of doing the work. Leave the headache for someone else. I'd get that property under contract and then wholesale it.