All Forum Posts by: Shane Roberts

Thanks all for the suggestions! All very helpful! 

We finished our inspection this past week and it looks like all the needed rehab to the place will be cosmetic (turns out their is a furnace and I walked right by it)! We're excited to take next steps!

Hi All,

We are under contract on our first property intended to be an STR! We're very excited! This is an A-Frame home (about 1,700 sq. ft.) in the mountains of Colorado. Someone with a home in the mountains mentioned that we MUST install a furnace and cannot rely on the wood stove alone. This got me thinking there are probably other items we need to upgrade in a mountain STR.

So here's my question for those with experience in the area: What other items or upgrades do I need in a mountain home STR that are not obvious to a newbie/city dweller?

Thanks in advance for your suggestions!

Hey all,

I have an update on the situation in Colorado with the new legislation. I've reached out to the Treasurer's Office  in several counties, and I've received essentially the same information across the board, which I thought would be useful to share here.

After three years, the lien holder can still apply for a treasurer's deed. However, the process will now take longer than before because the property must first go to auction. Once the auction is held, the person who applied for the treasurer's deed will have the option to match the winning bid. If they choose to match, they will receive the treasurer's deed. If the lien holder decides not to match the bid, they will get their initial investment back along with the interest that was applicable at the time the lien was purchased.

This change is certainly less advantageous for investors compared to the previous system. However, it's possible that potential bidders at the auction might be less inclined to bid aggressively, knowing that the lien holder could step in, match their bid, and take the property. We'll have to see how this plays out. We have a property that just became eligible for a treasurer's deed in the last couple of weeks, and I'll report back on this thread with any relevant updates. The county mentioned that it could take 6 to 8 months for the auction to take place.

This is great! Thank you, Christian!

Hey All,

I am starting a project about 2 hours away and would like to monitor the property remotely without making a 2-hour drive, so I am looking for recommendations on security cameras. Here's the rub: the property does not have power in all areas, and some spots are out of Wi-Fi range. Do you have recommendations for solar-powered security cameras with 4G/5G connectivity so I can check on the project remotely?

Thanks all!

Shane

Thanks for sharing, Will. I have several liens in Colorado currently. Will this be effective retroactively?

Thanks @John Underwood! 

I have set up alerts and have been following some posts!

 @Kayla Givens Please! I would love that!

 Thanks, Nathan!

All single and double-wides in existing mobile home parks (MHP's). In MHP's they are regulated like cars rather than real estate, but the renovation is mostly the same (sans foundation issues, and structural issues if leave the outside walls intact). The biggest buy criteria is a post 1976 manufacturing date. In the Denver area it was almost an entirely cash market--we once received payment of nearly $50k, in one hundred dollar bills, in recycled baby wipe tubs. Some wild times!

 Thanks, River! I will reach out!