All Forum Posts by: Scott Rye

Hi Eric,

Do yo still have this 4 plex in your portfolio. Im always looking for some 4+ unit properties in CO. We also do some private money loans, and we are looking for property in Greeley, Windsor, Loveland and FT Collins...Preferably underperforming units from wholesalers..drop a line. we are in Broomfield. 

Cheers!

Hi TTN, I will inquire with Bellco on this option as we have a small HELOC with them now...This could save us about 2%+ on our current rate....Thank you for the info....Cheers!

UPDATE: I have been able to lock in a 4.25% 10/1 ARM on a 4 unit property in Northern Colorado and no lender fee's. 70% LTV...I'm good with this option and one of the best rates I could find on small MF property. They will also do a HELOC on our other investment property for the 30% downpayment on the 4 unit....THANK YOU TRAVIS SPERR!!

 Hi Travis....Thank you! I am talking with both of these options now. Looks promising so far...Cheers!

Hi Justin,

I have a primary with Bellco as well, but did not think of them on the investment side. Thanks for the reminder. 

Cheers!

Hi Bill,

Thank you for the suggestions....I will look into these options...Also reaching out to PenFed, as they also seem to be open to Investment property HELOC...

Cheers!

Hello Colorado BPer's,

I am looking for a bank or CU that provides a HELOC product on an investment property in Colorado Springs. A Townhouse to be specific...We own the prop free and clear and looking to leverage it into a few other properties.

Any help and thoughts from the community...??

Cheers!

Congrats on your first GP deal!. We are looking closely in CO for our first 5-15 unit property and also about to make our first LP investment. Taking a GP position in a few yrs could be a good move. I look forward to hearing more about your journey and the current GP investment...Cheers!

Hi Claire,

As a SoCal native, I'm interested in your list in SD and around the country. I'm now in Colorado. Please PM me with more details. 

Cheers!

Hi Dustin,

I'm interested in your situation.  Can you PM me with details?

Cheers!