All Forum Posts by: Michael DeFrancesco

Hahaha. Just pickin cause we took a greedy Osweiler, but I agree....Broncos are still a solid contender.... at least for a playoff spot. 

@Jim Tiernan great article.  Thank you

These are some awesome insights.  I really appreciate the feedback you guys have given me into the Denver market. @Travis Sperr I will definitely make it a point to attend one of these classes. @Sean Reilly Good insights. Thank you. Finance major here so completely understand how detrimental timing the market can be, just have to be cautious going in for the first time.  I am moving to the area cause I am done with this East Texas mess.  Just hoping to start with my first investment property in that area(or somewhere around there) and don't want to lose my shirt on my first deal.  @Scott Trench Thank you for sharing a little of your strategy with me.  Is there anything that you would recommend to a first time investor moving to an unknown area(other than read, read, read, cause I am gobbling up as much as can) @Russell Brazil I will do some research into this and determine what the Denver market looks like from a leverage standpoint. Thank you!

@Tripp Howell Completely agree with you on that.  I wish I did a few year ago down here in Houston.  Home values have shot up a ton, but I also dont want to always be saying "if only" either.  Eventually you gotta jump in.

@Mindy Jensen & @Matt M. Haha.  Football team may suck for a little while, but hey....They're the freakin Broncos(I will always be a Texan fan though. I got high hopes for Osweiler.

Is this explosion of apartments, high influx of people, and low supply spilling over into other areas....Fort Collins, Colorado springs, etc..?

@Scott Trench First off, thank you for your insight!  So what you are saying is if you have the capital to do so, be prepared to take advantage of converted condos in a few years.  You feel that they will go cheap enough to capitalize on them for rental income?......If they had high vacancy rates prior to conversion, why would they suddenly fill up?   Because this would cause rental prices to drop in the area to where people could actually afford it?  What kind of effect would this have on rental prices for detached homes in the area?

New to this and just trying to get a good grasp moving forward.

New to BP and moving to Denver and hoping to begin my journey in REI.

Does anyone have an opinion on the market in and around the Denver area.  My understanding of it is that home values and rent prices have skyrocketed over the past 2-3 years.  Is that due to previous undervaluing or current overvaluing?  Also, is it a concern the amount of younger people moving to the area that may not be able to afford the increasing prices and eventually start moving away?  It appears that the new construction cannot keep up with increasing demand, causing bidding wars and such making it that much more expensive for new home buyers and investors.  

Is it wise for someone new to this type of investing to try to get in the game now or wait....?

Thank you in advance.

@Jonathan Harris Thank you! I will definitely look into the BP meetups.  Always willing to meet new faces and gain some knowledge.  Maybe I'll run into you at one of them.

@Nick Sabat thank you for welcoming me into BP.  Not really too upset about losing my job.  That experience led me to the opportunity of reaching out, meeting people, gaining new interests, and motivating me to move half way across the country.  

I have found that reading is the best way to go with everything. You are what you read.  This will be where my journey begins.

You are right on the building of assets.  To begin with I am only interested in rental property.  Maybe as time progresses and I learn the in's and out's of real estate that may change, but for now just focusing on building rental assets.

Thanks again for your response.

@Joshua Meyers Thank you!  I would really like to meet up.  Don't know too many folks in the area, so always open to meeting new faces.  

I can't wait to get up to the area.  All goes well I should have some interviews in the area in the next few weeks.....so hopefully not too far off from the move.  

@Matt M., thats a rough start to real estate.  Guessing you recovered well?  Thanks for reaching out.  

I was thinking going the corporate route.  Something along the lines of real estate analyst or even banking.   I understand CBRE is good place to be.  I feel as though several different Financial Analyst jobs would be a good place to start.  Anything focused on cash flows and financial modeling and analysis I feel would be a good place to start.  Just have to provide a steady income for my family and prefer to build on skills that will help me build a solid portfolio.

@Jack Butala and @Ayodeji Kuponiyi, thank you.  I plan to take full advantage of all the resources available in this awesome community.