All Forum Posts by: Rich Pierro

Hi All, 

Can anybody share an assignable purchase agreement used in Colorado with me?  Greatly appreciated and hope I'm not bending any rules by asking.   Thank You

Hi All, 

I may rent or sell my property near Longmont, CO I-25 exit.  Weld county address, zoned ag, curious if the rural properties are bringing more value from growers and can they grow in weld co?  I'm in Cali.  It's got a huge shop, 4 br 2 ba 1905 farm house, detached 2 car sitting on 2 acres 1/3 mile off 1-25 frontage .  Curious if anybody sees growers putting high value on such property . 

Thanks to everybody. I think I'm still learning the lingo. I should clarify ARV (after repair value) looks like $430-450 with comps to support it.

David,  Gotcha thanks.....Current comps today at 389 in as-is compared to similar.  With the upgrades, open it up a bit, realtor is seeing real comps between 430 and 450 with recent solds of similar floor plan, location, and lot.  I will check out the class.  Thank You very much.  

Hi Matt, I figured hold costs separate.  Understood on the price point and level of finishes.  The area may justify higher grade finishes from what I am learning (I live in CA)  Thank You

Hi Brit,  
By 60 days, I mean I can close current contract, rehab and list within 60 days. Budgeted at 90 days so thanks for that as I tend to hope for best case but I am sure you are right.  Thank You

Hi All,  Curious if anybody can check my numbers....need some confidence before I pull the trigger....

House fell into my lap....305k, Denver area, Centennial Co.  1\4 Acre, 4 br, 2 bath, needs total cosmetic rehab...some landscaping, maybe a new driveway.  Comps show at $389k.  I instantly put it under contract.  Trying to preserve my cash, so contacted hard money lender....2.5% origination, 10% annual, paid monthly, no pre pay penalties.  My numbers show about $50in rahab and re-list at $430 to $450 depending on finishes. I figure a 60 day close and flip timeline.  Appreciate any thoughts or feedback  Thank You

Hi Everybody 

Time is not on my side so I've been delayed in getting a web site built and considering an outsource option. My goal is to use it to generate leads for buyers and sellers and a landing page for those who see my mailers and bandit signs. Anybody have a quality resource? And any advice to go with it?  Thanks in advance. 

I totally get it and understand the reason to keep focus toward the core.  Thank you for sharing the experience as it helps me learn through you as I work to grow my backlog.  Regardless, it looks great.  Nice Job!