All Forum Posts by: Kelly Sennholz

If you have been afraid to get started and want a truly easy place to manage with some potential equity in place, please take a look. I seek a 1031 exchange on this property as it is too far from my home. This is a really gorgeous 3 bd/3 bath townhouse with oversized 2 car garage. Front porch is on a lovely green belt shared by neighborhood. Really great place. Awesome renters in place until May of 2017 and possibly beyond. I see another identical townhouse in the area lists as sold with asking price of $165,000. These have appreciated nicely and are in best school district to attract great renters. Call (720) 608-1119 if you are interested.

Buy "The 4 hour workweek". Take the time to automate everything you can. Learn to function as a leader, not a doer. You will not regret it. 

Great points. Thanks, Dorothy.

Dorothy, what is your opinion of using modular construction for such a project? What about best way to get beautiful result without spending too much for investor? If duplex lot w/ a home on it, would you do accessory building with or without pop top on home, or raze the older home and do a new side by side duplex? Just your impressions or experience?

Yes, but who? Would love a list....

I, also, am interesting in building one so do let me know what resources you discover. 

The zoning is different, block by block. They will have to verify with the city what is allowed and how large. 

Yes, I think this is one of the most valuable reasons to be on BP. To learn what people did wrong, did right, and to be able to go out and not make those mistakes. Fantastic post. 

What was the value you brought to this transaction? 

Prior to the downturn, there were FOUNDATIONAL issues which were evident (but ignored by folks making a lot of money) and which were causative.

Right now, there are just normal ebbs and flows of the real estate market. The downturn was predictable, somewhat obvious but ignored by people making a lot of money.

IMHO, the real risk to the real estate market are issues outside of real estate, such as our just-in-time food delivery system, energy, geopolitical issues and above mentioned issues. If you want to be afraid or worry (which I do not recommend) worry about those things.

Real estate has always had ebbs and flows. Rental markets always go up and down and do not remain static, nor do they only head in one direction. But the tremendous downturn had a cause. Look for foundational issues, not local trends if you want to ensure long term safety. If you are playing Russian Roulette with a hot market, perhaps you need to rethink that policy and/or develop a safety net.