All Forum Posts by: Suraj Nagrani

@Mike D'Arrigo  Thanks for your information. I will contact you directly to discuss opportunities in Kansas City & Indianapolis.

@Teal Lambert Thanks for your tip. Yes, I would never make an investment in a property unless I thought it would make me money. 

@Chris Gilbert Thanks for your information on Colorado Springs. This actually looks very interesting and I especially like the niche of student housing. I will look online and see what is available in Colorado Springs... and if they make money! If you have any small deals I would be interested to look at them. 

@Gordon Cuffe Thanks for your reply. Can you please tell me about the tax benefits that one would get by purchasing property in Colorado?

@Mark Ferguson Looks like your area really is hot! And probably a bit over my budget for what I want to do. Do you still the same type of growth for your area as you've seen in the past 2 years?

@Darren Smith  I've downloaded that podcast so I will give it a listen soon. I've sent you a message about Colorado Springs and Pueblo. I'm interested to learn more about those markets.

@Mike D'Arrigo 

 I listened to your show and it was very eye opening, thanks! I definitely want to learn more about Indianapolis and see what opportunities are out there. Do you think it would be better to start with a single family property or a multifamily property with 4 or more units? Why do you think it is harder to find good deals in Detroit than in Indianapolis?

@Mike D'Arrigo Yes, I would love to receive information from you about Kansas City and Indianapolis. Especially if you are saying that Indianapolis is one of the most affordable markets in the U.S. But my question is... why is it the most affordable market in the U.S.? Affordable does not necessarily mean good.  

Hi @Mark Ferguson 

Regarding visiting, that was what I thought... the more I visit a place the more I can learn, and if I actually like visiting the place then the more I will visit! But if it's hard to make money even if I learn the market then it's best to look elsewhere. 

What is Northern Colorado like? I would like to learn more. I see that you are from Greeley. Can you share some information with me or point me in the direction where I can go to learn more about your market? Thanks

@Mike D'Arrigo  , you are right, I am looking for cash flow and if Colorado cannot provide that then I should look elsewhere despite it being a great place the visit. If anyone from the Colorado market can advise if there are any markets within the state that can provide cash flow please let me know. Regarding markets such as Kansas City and Indianapolis, they look interesting on paper but there must be a reason that their yields are higher. They must be riskier investments for whatever reason. Markets like Colorado, California and New York, while they may not provide the best yields, there is less risk that the value of the real estate will decline and more often than not they are easier to rent out. All markets have their pros and cons, and being not just an out of state investor but an out of country investor means I really have a lot of research to do. Yes, if you can please share your report with me I will greatly appreciate it. But yes, overall I am glad you mentioned that being a good place to visit and/or having family/friends in the state is one of the worst mistakes that a buy and hold investor can make. That is a very good point and unfortunately makes me realize that my dream of developing a real estate portfolio in a state like Colorado will probably not give me the best return I can get in the U.S. 

@Jean Bolger , if you don't mind me asking, where are you looking to invest next? I would love to get some ideas from you.

Thanks for your replies @Account Closed , @Frankie Woods & @Mike Hodukavich . It does not have to be Colorado that I own real estate, but I figure that it should be a place that I enjoy visiting since I'm already making quite a long journey. I would imagine that even if I have a good team on the ground, if I want to expand I would have to make regular trips out there to study the market. Yes, I have heard that the Midwest offers better returns, and if the difference really is that big then I would have to re-consider Colorado. I should say that my ultimate goal is not just a place for holiday but to develop a real estate portfolio that I can grow and eventually pass on to my children to continue and grow. As far as returns go, realistically I am targeting to net in the high single digits and if I can touch double digits then I will be happy. In the case of Colorado, from the little research that I have done up to now, it appears to be cheaper than states like California and New York, on par with states like Texas and more expensive than states such as Michigan, Indianapolis, Kansas and so on. I could be wrong and I know that within each state there is a wide range of values. I plan to continue researching for a couple more months and even make a trip out there end Nov/early Dec and visit various states to do some further research on the ground before pulling the trigger. Look forward to hearing everyone's feedback and wishing everyone a good weekend! 

Hello everyone!

I'm still in the research stage of my first investment in the U.S. I'm currently researching the Colorado market. It is appealing to me because it seems like a great place to visit a few times a year and also to bring the family on a holiday every year. I am based in Hong Kong and Guangzhou where the air pollution is bad. It would be nice to get my children into some fresh air for a healthy break. And it would only be possible if I have a small business to run on the side. The business would have to generate a decent return for me to make it work and I plan on adding to it every year. To start I would like to target a multifamily property in a good but affordable area with growth that would generate rental income. My budget is about $500,000 cash. Does anyone have any ideas and/or suggestions. Which cities/towns to look at? Why or Colorado is or is not a good state to invest in? Is this dream possible or should I be looking at other states, and if so, which other states?? Thank you for your time. 

Hi Mike,

Welcome and great job with your investments! I'm also interested in investing in the Colorado market and I'm just doing my market research at this stage. How are the taxes and things in Colorado versus a state like Texas for example? Thanks 

Nevermind, just saw that it is the last Monday of every month.

Would anyone be able to let me know which day of the month the Denver meetup will be in the months of November and December? I plan to be in the U.S. for a couple weeks during the end of November and the early part of December. Hope to catch a meeting as the Denver real estate market interests me. 

Thanks