All Forum Posts by: Nicole Rueth

As an owner of 23 rentals and the proud Mom of a 20 year old first time home buyer, it is my personal mission to support as many people as I can to build multi-generational wealth through real estate. It is with this mission, that my team is honored to put on this monthly class to help more people meet their goals. I will share every rule I follow, how I finance each of my properties and what makes a good investment.  We all know, there is no black and white in real estate investing.. but the dedication to educate yourself to make the best decisions that support your success.

Join us to hear the ingredients to the “not so secret sauce” to successful real estate investing. Building your own Investment Empire begins with the first ONE; so our class is designed to help the first time investor learn how to house hack, stack properties, and get conventional financing with as little as 3 to 5% down.   

Additionally, as the top loan originator in Colorado, I will share lending hacks that will help you finance your next investment easily!

Class is FREE, but registration is REQUIRED.  Please RSVP at https://theruethteam.com/Investment-Empire-Class

Share this with a friend! Are you a Realtor? Bring your clients to help them take the next step towards investing in real estate.

Congrats Michael!  Very exciting! 

I teach two successful monthly local (Denver) classes... one for first time investors on the why and how to real estate investing; and one for real estate agents on the national and local market trends.  How can I share information on these with the bigger pocket network?

Thank you!

Nicole Rueth

The Rueth Team | Fairway Ind Mortgage Corp

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $400,000
Cash invested: $100,000

Our first investment (albeit begrudgingly to me then) was a brick side-by-side quadplex. Each unit has it's own yard and patio. It was bigger than I wanted to take on

What made you interested in investing in this type of deal?

This was purchase was my lesson in investing. I was befriended by a gentle man who for some reason made it his purpose to teach me about real estate as more than a job but as a long term financial investment.

How did you find this deal and how did you negotiate it?

Our Realtor at the time brought me this deal. The seller was a friend of his who was a Minister, selling the properties he had inherited from his mother. It was a good deal to begin with, however, we did negotiate money for a new roof and remodel of one of the units. This proved smart as hail is common in Colorado and allowed us to replace the roof with an insurance claim.

How did you finance this deal?

I put all of my investments on a 30 YR fixed Fannie Mae or Freddie Mac conventional financing.

What was the outcome?

This quadplex has become a stellar investment; worth over $650,000 today. We have it paying itself down in 15 years using rental income. Two of the four tenants are also original to the purchase giving us stability while we have also increased rents annually.

Lessons learned? Challenges?

There were many many lessons learned on this first one... how to find our first tenant, how to analyze rental increases, setting up ancillary services (like landscaping and seasonal maintenance), and how to manage tenant disputes. Through this first one, I started becoming intently clear on my goals for using real estate to build multi-generational wealth. To create something withstanding economic shifts.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I know a great lender ;-) I have also built an amazing A Team.. a network of Realtors, Contractors, Insurance, Legal, Management, etc. I would be happy to share them all!

I've been in Mortgage Lending for 10 years. After taking last year off to become a Natural Foods Chef and a Nutrition and Health Coach, I have come back into Mortgage Lending with more energy and excitement than ever! With this came a desire to start owning 1-4 unit rentals. I am loving the thought of it, but a bit scared of what I don't know. I know I will pick it up quick, but would LOVE a mentor!!! I could see myself doing bigger projects in the future...it's that first step I need to take ;) Put an offer in on a home this weekend...so we shall see how quickly the first one happens. If anyone is interested in Mentoring a go-getter or has tools/spreadsheets they like to use, I would greatly appreciate the support. Cheers! Nicole