All Forum Posts by: Peter Hu

I own a small real estate brokerage in CO and I'm also looking to start a mortgage company or at least having some staff members licensed as loan officers.  Does anyone have experience doing this and can show me how best to go about it?  Thanks!

Yeah, it's really useful to look at what other properties in the area are making exactly before deciding on such a big investment.  Just message me and I'd be happy to help!

Hey Kyle,

It's hard to find rentals that still cash flow in the LTR space, but not impossible.  Do you currently have a primary residence?  If you can find a property with an assumable loan at a much lower interest rate, you could live in the property and house hack it for a year and then turn it into a cash flowing investment property and rinse and repeat.  Feel free to reach out if you want to discuss!

If you can find a great long term rental that still cash flows in CO, then I'd say it's still worth it. I've dealt with 2 evictions in my career, but those were due to my own inexperience when vetting tenants. I'm still comfortable with LTR, MTR, and STR here in CO

Hey Michael,

This is certainly a big swing.  Do you have access to the paid version of airdna to find comparable properties that are cash flowing at 500-650 a night?  If not, It's possible for you the create the market with the best luxury experience in Castle Rock, but obviously a little risky.  Let me know if you want to poke around with our airdna account!

Investment Info:

Office Space buy & hold investment.

Purchase price: $999,950
Cash invested: $2,000

Our Good Neighbor Realty Office in Denver!

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

Needed a great space for all my agents

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

On Market deal that was sitting for a month. It was fully flipped and we offered slightly less than asking.

How did you finance this deal?

We used a commercial SBA loan with 10% down, but with my commission, working capital, and some Pandemic incentives, we were able to purchase this home with $2,000 down.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $800,000
Cash invested: $80,000

Primary residence with an ADU

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

I'm able to live for free in the main house with the STR income from the ADU

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

On market, offered 30K below asking and got it

How did you finance this deal?

primary residence loan

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $710,000
Cash invested: $142,000

STR in Wheat Ridge CO

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

STR has great cash flow

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

On market, multiple offers so had to pay above asking.

How did you finance this deal?

conventional investment property loan

What was the outcome?

great cash flow for 3 years and nice appreciation.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $650,000
Cash invested: $65,000

STR in Black Hawk CO

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $1,355,000
Cash invested: $135,500

Bridge House STR

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

The STR Potential

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

It was on market and we were able to structure a 10% owner carry after closing so it was only 10% down.

How did you finance this deal?

Combination of owner carry and investment loan