All Forum Posts by: Robert Herrera

Steve Haight I buy properties all over Pueblo. I’m interested in buying more in Pwest. Let me know what you’re seeing out there

Dr. Jordan E Smith you should be looking at how much you put down compared to the Cashflow you make per month. If you are Gambling I’m Appreciation, understand that’s not investing but a bi-product of a moving market. You should strive for the 1% rule! It’s more about 1% the purchase price. If I buy a house for $75k with $15k down. $500/month payment PITI. Rent should be $750/month (1% of $75k). That would be $250/month X 12 = $3,000/year or 20% on your money. These are just Rough numbers, and I’m renting well about the $750/month probably closer to $1,000+ so higher returns.

@Simon C. I would sell if i was making $0 a month sitting on all that equity. Its about cashflow. It's about being able to be financially FREE NOW. I buy in Pueblo, Colorado. Great price points and plenty of cashflow. Go to Pueblo West if you want some nicer stuff. It's really up to you, buy i would move that money to a cashflowing asset. If you can't, you will lose all that money in the crash with $0 a month to live off of. Better to get cashflow properties that will pay you through the downturn. If you keep adding to your monthly income, you can retire young. If you try and build up a nest egg to live off of, you will just end up pulling it out in Monthly Income anyway. Might as well do it now.

How many units. How many beds/bath in the units

Anthony Rullo you are not giving us enough information. What is the purchase price, terms of financing, how long (30 year mortgage?)

Steve Burrell here in the Pueblo market. I own quite a few properties there that all beat the 1% rule

Simon C. What is your payment PITI? How much are you cash flowing? Now look at how much cash you would be sitting on if you sold it. If you were holding that cash in your hand, would you exchange that for the Cashflow? If not, sell and get better returns elsewhere. We sold our house for $75k profit. Cashflow was $1,000/Month. I took that $75k, reinvested it, and now added 2,500/month Cashflow from that move.

Mechelle Detres welcome to the Pueblo Market. You are right on time! The money wave is hitting Pueblo. I feel it’s a good time to be wholesaling and flipping. I personally own rental properties down there. Great place for rentals if you can grab 1 up. Let me know if I can help. Just jump in and make a few mistakes. You will learn the fastest this way. If you wait for all the right answers first, you will never get started

Jennifer Markiewicz what is the date and location of this Event?

Chris Pasternak let us know how it goes, and what they charge