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All Forum Posts by: Theresa W.

Theresa W. has started 3 posts and replied 135 times.

Post: Quad-plex to Condo's

Theresa W.Posted
  • Rental Property Investor
  • Golden, CO
  • Posts 136
  • Votes 65

Hey @Rafael Medrano,

Your local subdivision regulations will vary widely from any others in the U.S., but here's a few things to consider.  Subdivision works best if you can divide by vertical slices, as opposed to up-down units. (you can deed the land underneath each unit and don't have as much complexity about utility infrastructure that crosses over each unit.

Pros: potentially higher resale as individual units.  Money is really the main upside, right?

Cons: $$$ for separate water tap fees, additional firewall requirements, party wall agreement or CC&R's to record, survey costs, zoning review costs. 

Your first step should be looking at the zoning chapter and the subdivision chapter online for your community.  Next, I'd drop in and talk to a city/county planner face-to-face.  They'll give it to you straight, and give you the steps.  Then, I'd try to find one in the area that's already been converted and go look up the documents at the clerk & recorder's office.  Hope this helps get you started. good luck!

Post: In need of a GC

Theresa W.Posted
  • Rental Property Investor
  • Golden, CO
  • Posts 136
  • Votes 65

Hi @Tarik F.

I'm sure you'll get a few folks, but I also wanted to suggest that you might find a trusted GC at one of your local BP meetups.  After hearing about a few colleagues' projects, I discovered that their GC was among us at the monthly meetings.  It was great knowing about his previous work and I'll be confident to use him in the future.  Just a thought, good luck!

Post: Right Price To Outsource Tenant Placement in Denver to a PM?

Theresa W.Posted
  • Rental Property Investor
  • Golden, CO
  • Posts 136
  • Votes 65

I wouldn't be inclined to use the service until I have so many properties that I'm starting to outsource PM anyway.  Say, more than 10 properties and I expect that it would be worth my time.  Otherwise, giving up hundreds in the first months rent is not appealing to me.  just my two cents...

Post: Denver Meetup April 4 2016!

Theresa W.Posted
  • Rental Property Investor
  • Golden, CO
  • Posts 136
  • Votes 65

This girl will be there.

Post: Fresh Eyes in Denver, Colorado

Theresa W.Posted
  • Rental Property Investor
  • Golden, CO
  • Posts 136
  • Votes 65

Welcome @John Robison IV, fellow Goldenite!

We're a pretty active community and one of the most useful meetups is tonight from 6-8 pm.  Stop by if your interested!

Theresa

Post: Bandit Signs Around Denver, Co?

Theresa W.Posted
  • Rental Property Investor
  • Golden, CO
  • Posts 136
  • Votes 65

I pull them down as soon as I see them go up in my hood.  Typically, they're mounted to public property.  However, a lot of communities are starting to allow signs on private property (with owner's permission of course) and they're not dictating content.  Sign content can arguably be protected by the First Amendment, so whether you have a political sign, a home-based business, a for sale sign, or a bandit sign, some cities are going "content neutral".

Post: Dead Lawn in Denver

Theresa W.Posted
  • Rental Property Investor
  • Golden, CO
  • Posts 136
  • Votes 65

Sorry to hijack the thread with a question about landscaping a rental... So, my Aurora duplex has a large lawn, but submetering the water will only shift the water bill to tenants and still get me a dead lawn.  What's a good low maintenance xeriscape that is somewhere between costly sod and ugly rocks?

Post: Hello from Denver, CO

Theresa W.Posted
  • Rental Property Investor
  • Golden, CO
  • Posts 136
  • Votes 65

Welcome neighbor! @Joshua Ratliff Hope to meet you at one of the monthly meetups in March.

Post: New Member from Aurora CO

Theresa W.Posted
  • Rental Property Investor
  • Golden, CO
  • Posts 136
  • Votes 65

Welcome @Connor Bonnicksen!  A lot of great resources here, but I'll put another plug in for the monthly meetup tonight.  Every single meetup I've attended has yielded valuable advice or contacts that I work with.  Every. single. one.  Hope to see you there!

Post: New member from Colorado

Theresa W.Posted
  • Rental Property Investor
  • Golden, CO
  • Posts 136
  • Votes 65

Hey @Ian McCaul.  Welcome to BP!

A great way to pick the brains of other investors in our area is to attend several of the monthly meetups.  The next one in Denver is on Monday (the 15th) at the Denver Bicycle Cafe 6 pm.  You'll meet all kinds of different investors, including wholesalers.  There's a monthly meetup in Erie as well which someone may post the info or you can search it.

Looking forward to meeting you - I'd love to hear about your tiny house progress.

Theresa