All Forum Posts by: Robert Herrera

I am an investor in the Pueblo area as well. I have 8 Properties on the East Side of Pueblo, including a commercial Tri-Plex. The community as a WHOLE in that area is trying to make it better. Most of my renters are from OUT OF STATE. Meaning a lot of people are coming to Pueblo from ALL OVER AMERICA. The City is Changing With all these NEW people moving in. Rents on that side of town are up, and i can get $950/month on a 3br. I am Destroying the 1% rule, as most of my acquisitions have been around the $30K-$90k all over Pueblo. It's way cheaper to live there, and most can't afford the cost of Denver, and NOW Springs. It's a Hurricane of money, headed down to Pueblo right now, and it's about to hit. As @Jason Eberhardt has mentions, it's getting harder and harder to find the deals that low of cost. That's because so many people are buying in Pueblo now, it's starting to be a competition on MLS. My mother was looking to buy a house in Pueblo West for $250K. It was gone the next day, before her agent put in an offer.

On another note, I own houses 3 houses on the West and North West Side and 4 Rentals on the South Side. All are doing very well. I purchased a commercial LOT in Pueblo West, right next to the NEW HIGHWAY from Pueblo Blvd to Joe Martinez Blvd. The highway will be built in the near future, and has already been approved and funded. 

I also own 1 property in DENVER. It's a 1 acre Industrial Lot. It's off of I-76 and Sheridan. Rents for $4,000/month. Mortgage is $1,700/month. Owner Financed, $280K Purchase Price, $25K down. I'm looking for more of these, but do not want to buy Houses in Denver, as i will be putting down A LOT of money, just to get the same cashflow as I get in Pueblo, with WAY LESS Money.

Natalie Kolodij Tammy Tivis I use CFO Colorado, for both my business and real estate. They are in highlands ranch in Denver. Most of my rentals are in Pueblo, but I'm back and forth every couple weeks

@Bill S. Just wonder why you continue to push this thread on everyone looking to invest in Pueblo. These people bought a GANG House. It doesn't mean EVERY HOUSE in Pueblo is a GANG HOUSE. That thread is also a YEAR OLD, so why aren't there more of these, if this is an Every Day thing, as this is always what you post when someone talks about pueblo? You're family didn't do well in the old pueblo market, they would be killing it right now if they were still in it. Like you said, they were not Sophisticated Investors. I am almost at 20 properties, Most of them are in Pueblo. The cash flow they keep throwing off allows me to grow every month or 2 into another property. My cashflow is more than my Salary here in Denver. So again, I ask, WHY do you continue to try and SCARE everyone away from Pueblo with that thread (that I was part of, and i amwilling to purchase that house)?

Chelsea Mastin Financial advisors don't do real estate. They are sales men who make commissions off of selling you packages. These include stocks/bonds/mutual funds etc. You need a mentor on real estate. Have you read any real estate books?

Delsin Olmedo let him put the funds in your account. Make sure you draw up a contract for the funds, or he probably will. Doesn't matter if you get it in your account. Just use that to send the money. Have him deposit it, so you have proof of the funds in your account

Mike Stephens new businesses and growth have been coming to Pueblo like crazy. Every time I go down there, I see the growth. Go to puebloriverwalk.com and watch the videos. Not only that, but the marijuana boom in Pueblo hasn't hit, as they aren't fully allowing dispensaries. As well, Springs is only 30 minutes away. I live in Denver, and drive 30 minutes to work every day. It's such a short drive, people are moving there to avoid the high rents in Springs. Also look at my other posts. I've been over this same topic over and over again with other investors.

Delsin Olmedo is he asking you for money upfront? Any money at all?

Mindy Jensen Carter Rinaldi puebloriverwalk.com. Here you go, do some research. Also do you research before investing in Colorado Springs or Denver. You should pretty much do you research anywhere you invest, wondering why moderator feels the need to jump in and explain that.

Carter Rinaldi I love investing in Pueblo. I always beat the 1% rule and have great Cashflow. I know of a duplex that is $120k. Owner/creative financing, so no banks. Both units 1br 1ba up down. At your calculations that's $1,300/month rents. Beating the 1% rule.

Josh Splawn I would find a broker who does a cash out refi. You would then have a low payment, 30 year mortgage, and tax free money in your pocket. Your current rents will cover your new mortgage and you can still Cashflow from your property. Then take those funds and use them however you wish. Use that same broker to find you a loan to put that money down on your new property.