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All Forum Posts by: Chelsea Peyton Robinson

Chelsea Peyton Robinson has started 2 posts and replied 6 times.

Hi all! Newbie here. I was chatting with my mom a few weeks ago about an area for potential growth where homes are currently under the $50k mark — a.k.a., an area that's ripe for a newcomer like me to invest. 

I could definitely afford a 20% down payment on a few of these homes, so traditional financing is not an issue; but my mom (a banker herself), mentioned how I could purchase some of the lower-cost homes with a credit card. Apparently this is a thing?

I know that BP is all about creative ways to finance, but does anyone have direct experience with home purchases on a credit card? Or other creative ways to finance? What are the benefits of buying with a credit card/non-traditional method of financing vs. putting the 20% down? Anything you wish you had known prior?

All feedback is appreciated!

Post: Newbie heading to Colorado

Chelsea Peyton RobinsonPosted
  • Specialist
  • Colorado
  • Posts 8
  • Votes 6

Thank you, @Jose L Martinez! I'll definitely reach out when I'm settled in. 

Post: Newbie heading to Colorado

Chelsea Peyton RobinsonPosted
  • Specialist
  • Colorado
  • Posts 8
  • Votes 6

@Daniel Haberkost Great to know! Feel free to link any RE groups you think I should connect with; I'm always looking to build my network.

I'm not planning on house-hacking unless I can score a multifamily unit, but I know those get scooped up fairly quickly. If you have any tips, let me know!

Post: Newbie heading to Colorado

Chelsea Peyton RobinsonPosted
  • Specialist
  • Colorado
  • Posts 8
  • Votes 6

@Daniel Haberkost thank you for all of the info! I'll see if I can set up any showings the week I'm doing interviews in the area.

My family moved to Colorado a few years ago and I intended to move shortly after. Life happens! But now I'm definitely looking westward.

Post: Newbie heading to Colorado

Chelsea Peyton RobinsonPosted
  • Specialist
  • Colorado
  • Posts 8
  • Votes 6

Thanks, @Daniel Haberkost! All great info. Are there any outlying cities in Colorado you'd consider a buyer's market? Pueblo looks promising price-wise, but I haven't heard great things about employment there.

Anyway, I'm currently in Philadelphia, but I'm from Central PA. Not a lot of great jobs where I'm from originally, but there is plenty of inventory. 

Post: Newbie heading to Colorado

Chelsea Peyton RobinsonPosted
  • Specialist
  • Colorado
  • Posts 8
  • Votes 6

Hi everyone,

Newbie here planning on moving to Colorado within the year, most likely to the Colorado Springs or Denver areas. I'm currently taking online real estate licensing courses because if I'm going to dive into real estate investing, I might as well go as hard as possible, right?

Right now, I'm just looking for hellos, and your general thoughts (good or bad) about the Colorado Springs real estate market. My intention is to invest in properties in my home state where I can still get beautifully-maintained properties for under $100k, and manage them from a distance (yes, I'm planning on purchasing David Greene's book). I'm not sure if Colorado is the best place to get started investing with low to no startup costs, but tell me I'm wrong!

I'm currently in marketing and I do photography on the side; obviously, I'm excited to bring those skillsets into a real estate career. 

So say hello and let me know...well, anything!