All Forum Posts by: Nathan Wankel

@Sam Rust Congratulations that's a big deal. Now that deals complete its time to start finding the next gem. 

Good luck!

My biggest problem I face right now as a REI is finding good and reliable contractors in the Denver Metro and Colorado Springs area.

Always trust your gut.

 Thanks, Davian I didn't think about that.

I am new to flipping, and I am curious as to how other flippers find good reliable contractors in their areas. 

Hello Everyone

I am trying to find great contractors in the Colorado Springs area to help me with some projects. (General Contractors, electricians, roofers, plumbers, painters, HVAC experts, etc.)

Does anyone know of any great contractors in that area?

My goal for 2019 is to get Bigger Pockets! 

I'm hoping to get at least three Fix and Flips under my belt.

Darn, I was hoping the 2nd HQ would be in Denver. 

 There isn't any "Official" place to find a neighborhoods class. Investors have different ways they grade neighborhoods. Some use the A through D classification; others use a scale that goes A through F. The A through D classification is the most popular. The problem with these classifications is that people have different criteria for each grade. A B Class neighboorhood in one city might be an A in a different city. I suggest researching the area and see if it has a good school, whats the average income of the residents, how old are the homes, are they safe places, etc. 

Letters from A to D typically categorizes neighborhoods. 

A Class - These are where you can find newer homes and they are higher in cost. The homes attract higher quality tenants because the location of the property is generally by the best schools.

B Class - These neighborhoods typically are in Blue collar/Middle-class areas. (I find these properties to be the best for rental properties because if the market goes sour A class moves to B class and if the market rises C class moves up to B class) 

C Class - Typically lower income areas but can still be considered blue color. Maintenance costs tend to be higher. These properties also tend to be much cheaper than A and B class properties.

D Class - Ancient, run-down homes. Most of the time these properties require a lot of work before renting them out. These neighborhoods from my experience can be a bit sketchy and turn over is very high.