All Forum Posts by: Sam Chicquen

Hello everyone,

I am currently seeking insights from experienced investors who have invested in Colorado. As I explore the possibility of purchasing my first multifamily property, I am eager to establish meaningful contacts and gain a deeper understanding of the investment market trends and differences in the region.

While I have conducted preliminary research on potential investment destinations, I find firsthand experiences to be invaluable. Thus, I am particularly interested in hearing from those who have invested in Florida, Texas, or Colorado. Your expertise and perspectives would be immensely appreciated as I make informed decisions.

Thank you for your time in advance its greatly appreciated and respected!

Quote from @Oladimeji Sonibare:

Quote from @Sam Chicquen:

Quote from @Oladimeji Sonibare:

Hey, @Sam Chicquen! I'm also well-versed in creative finance. We just got a deal under contract subject to the existing financing. I've got to say, learning creative financing has been super empowering and I'm happy to pass it on.

Happy to connect with you as well, @Eliott Elias! We're always looking for active wholesalers and investors to work with.

Thats amazing, good for you and your team! I love hearing people succeed! Like I mentioned to Eliott, I'm very young and I can't get a loan. I was thinking if I can do creative finance with seller finance deals this may be a way to help me get where I want to be. But I'm not sure how I would structure these deals or if I could even get these deals! Is there any form of education you could recommend? Possibly a book or a podcast. I understand you've done creative finance in the past, like you mentioned, how was this experience for you? Would you recommend this strategy to a new investor like myself? Based on the knowledge and experience you have, would you consider this strategy if you had to go back at my age?

Absolutely, man. There are tons of resources. BiggerPockets just released a book written by a man named Pace Morby. He has a free YouTube channel and a Facebook group as well. Just start with taking the content in and then team up with someone actively doing these deals. Spend the first few deals just listening and asking questions. You’ll pick it up in no time.

Thank you so much for the valuable information! I'll definitely look into the book by Pace Morby and check out his YouTube channel and Facebook group. Taking in the content sounds like a great starting point, and teaming up with someone experienced in these deals is a fantastic idea. I'll make sure to spend the initial deals learning and asking questions to gain practical insights. Your advice is truly appreciated, and I'm excited to dive into this journey!

Do you know of any websites or platforms where I could go to analyze and practice seller finance and creative finance deals? Something like practicing math homework at home, but with a focus on real estate instead.

Quote from @Lucia Rushton:

@Sam Chicquen when you say multifamily, how many doors are you considering? And what is your budget ? We have plenty of out of state clients who purchase here because we have a strong economy. Happy to jump on a call with you to discuss.

I would greatly appreciate the opportunity to schedule a call with you. If it's convenient, could I send you a direct message to discuss this matter further?

Quote from @Alecia Loveless:

@Sam Chicquen Hi Sam, I don’t personally invest in Texas but my parents and sister live north of Dallas in the Denton area and my sister has a healthy portfolio.

Just to give you a heads up before you buy in Texas be aware of the property taxes on any properties you get serious about and try to look at them for a few years going back.

Both my parents and sisters personal homes have gone up in tax assessed value by approximately 50% on average for the past 5 years with my parents house going up $278,000 in assessed value this year alone even though they have made $0 in improvements to it. This amounts to about $7,000 on their tax bill. When my dad, who is an attorney, went to the appraisal district for round 1 of trying to get it lowered the lowered it by $40,000.

My sisters rental properties all went up on average about 40% in assessed value which means that where she had a small cash flow every month now she is basically breaking even on them all after the recent increase in insurance premiums and now the increase in her property taxes.

I just advise you that if you get serious about a multi family property in Texas to make sure that it’s taxes haven’t gone up by thousands of dollars the past 3-4 years because likely whatever town it’s located in will continue doing that and it’ll eat into your cash flow.

Hey Alecia, thank you for providing such valuable information about the Texas market. Your insights have been incredibly insightful, and I truly appreciate the time you took to explain the intricacies.

I have a few questions related to the rising taxes in the area. Could you shed some light on the reasons behind the substantial increase? Moreover, I'm curious to know how landlords are coping with these escalating tax rates. Are they adjusting rents to accommodate these changes?

Additionally, I recall you mentioning your sister's involvement in real estate. If she happens to have a BiggerPockets account, I would love to connect with her to gain further insights and perhaps exchange ideas.

Once again, thank you for your valuable input, and I look forward to hearing from you soon.

Hey, everyone! How's it going? I've been doing some research, and I'm really interested in the multifamily real estate market in Colorado. The thing is, I don't live there, and I'm eager to start my investing journey in that area. I was wondering if there are any seasoned multifamily investors in Colorado who have an in-depth understanding of the market.

If you're someone with significant experience in Colorado multifamily investing, I would be extremely grateful if you could spare some time to answer a few questions. Connecting with someone knowledgeable like you would be an invaluable opportunity for me to expand my understanding of the market and gain some valuable insights.

Your expertise and advice are highly respected, and I genuinely appreciate any assistance you can offer. Looking forward to the possibility of connecting with you and learning from your experiences. Thank you in advance for your time and willingness to help!

Hey, everyone! How's it going? I've been doing some research, and I'm really interested in the multifamily real estate market in Florida. The thing is, I don't live there, and I'm eager to start my investing journey in that area. I was wondering if there are any seasoned multifamily investors in Florida who have an in-depth understanding of the market.

If you're someone with significant experience in Florida multifamily investing, I would be extremely grateful if you could spare some time to answer a few questions. Connecting with someone knowledgeable like you would be an invaluable opportunity for me to expand my understanding of the market and gain some valuable insights.

Your expertise and advice are highly respected, and I genuinely appreciate any assistance you can offer. Looking forward to the possibility of connecting with you and learning from your experiences. Thank you in advance for your time and willingness to help!

Hey, everyone! How's it going? I've been doing some research, and I'm really interested in the multifamily real estate market in Texas. The thing is, I don't live there, and I'm eager to start my investing journey in that area. I was wondering if there are any seasoned multifamily investors in Texas who have an in-depth understanding of the market.

If you're someone with significant experience in Texas multifamily investing, I would be extremely grateful if you could spare some time to answer a few questions. Connecting with someone knowledgeable like you would be an invaluable opportunity for me to expand my understanding of the market and gain some valuable insights.

Your expertise and advice are highly respected, and I genuinely appreciate any assistance you can offer. Looking forward to the possibility of connecting with you and learning from your experiences. Thank you in advance for your time and willingness to help!

Quote from @Oladimeji Sonibare:

Hey, @Sam Chicquen! I'm also well-versed in creative finance. We just got a deal under contract subject to the existing financing. I've got to say, learning creative financing has been super empowering and I'm happy to pass it on.

Happy to connect with you as well, @Eliott Elias! We're always looking for active wholesalers and investors to work with.

Thats amazing, good for you and your team! I love hearing people succeed! Like I mentioned to Eliott, I'm very young and I can't get a loan. I was thinking if I can do creative finance with seller finance deals this may be a way to help me get where I want to be. But I'm not sure how I would structure these deals or if I could even get these deals! Is there any form of education you could recommend? Possibly a book or a podcast. I understand you've done creative finance in the past, like you mentioned, how was this experience for you? Would you recommend this strategy to a new investor like myself? Based on the knowledge and experience you have, would you consider this strategy if you had to go back at my age?

Quote from @Eliott Elias:

What are your questions? I’ve done many creative finance deals.

Thank you for your response, I truly value your time and expertise. As someone relatively young, obtaining a conventional loan has proven challenging for me. In light of this, I have been exploring the possibility of pursuing creative finance options, specifically seller finance deals, as a potential means to achieve my goals. However, I find myself uncertain about how to structure such deals and whether I could successfully secure them.

I was wondering if you could offer any recommendations for educational resources that might help me better understand and navigate the intricacies of creative finance and seller finance deals. Perhaps there is a relevant book or podcast that you could suggest to expand my knowledge in this area.

Considering you're experience with creative finance deals, which you mentioned previously, I am keen to hear about your personal insights and experiences. Would you be willing to share how this approach has worked for you? Additionally, as a new investor, I am curious if you would recommend this strategy based on your accumulated knowledge and expertise. If you were to reflect on your past experiences and envision yourself at my age, would you still consider pursuing this strategy?

Thank you for your time and consideration.

Hello everyone,

I have a quick question for those who have experience with creative finance and seller finance in the same deals. Would any of you be willing to connect with me, so I could ask you a few questions and perhaps take you to lunch? Your insights would be greatly appreciated.

Thank you!