All Forum Posts by: Stuart Crowell

This is a general post about the SPARK development in RiNo. If you're looking to place either 1031 dollars or find a good single family home investment in Denver's core don't over look SPARK. About half of the 20+ units already sold in the building are currently being used as short term rentals and performing VERY well. There's a 1 bedroom on Arapahoe that grossed over $4K last month in short term rent income. They won't likely cash flow through conventional financing but there aren't that many developments (especially new construction) in Denver that allow for short term rental. Many units are still available under $500K. PM me if you're interested in more information. Hopefully this helps someone! 

Good opportunity for owner occupant in up and coming SoBo neighborhood. DM me for further details. 

Act Fast! Off market development or flip opportunity in Barnum Neighborhood just West of the city. Reply to this post for the info packet with comps and pictures. I will be showing the property this Thursday afternoon. A few highlights: 

• 2 Bed 1 Bath 677 SQFT structure with a basement on the property
• Lot Size: 7,050
• Zoning: E-SU-DX
• Single Family Residence with Detached Garage
• Purchase Price: $185,000
• UNDER MARKET VALUE by 15-25K 

Quick cosmetic flip available this weekend! Good spread. The price point is not defined yet, it will be between 500-525K. ARV 675-725 depending on finishes. Southmoor Park is a quaint residential community 5 minutes from DTC. Please DM me for more details if you're looking for your next project.

Denver based investors I have an off-market assemblage of 3 properties, 5 units total, a mix of commercial and residential use. I will not post all of the details publically but please reach out if you have questions. 

The Essentials: 

• 12,000 sqft land zoned U-MS-3 (development potential, look what's going in across the street)
• three structures 5 units (2 residential) 
• All occupied 
• 4.8 Cap Rate
• $70,500 Net Cash Flow annually 
• Great opportunity to cash flow now with development potential in the future should you be open to it. 

Reach out for more info and a P&L. Thanks! 

@Jarrett Duncan I'm very late to the party here but the topic is interesting. Realtor to client relationships are built on trust first and foremost. Often as brokers, we are looking for a certain level of loyalty in this relationship that is not often reciprocated by the client if they are an investor because investors are looking for whoever brings them the best deal. That said, brokers who cannot provide this value shouldn't be "hired" in the first place. I could very easily put a dollar value on my per hour service but it would be cost prohibitive to nearly all of my clients and I believe, cause a level of distrust. If you're running into this over and over maybe it's your market that I'm unfamiliar with but I find it hard to think you couldn't find a fantastic broker in your area who does not charge a retainer. 

A reminder to all investors out there actively looking at deals, 4th of July week/weekend is a really great time to make low offers on properties. If you've been eyeing a deal (specifically on MLS) that has already been on market over 7 days, good listing agents know their chances to find a buyer after July 4th drop significantly. If you're submitting an offer for a client or for yourself this week, remind the seller of that!

This is a wild one coming to me from a good friend and connection in the Los Angeles real estate market (developer). For you or anyone you may know looking to buy and develop or buy and hold for the ultra high net worth individuals in LA this is for you. 

Details: 

• 160-acre oceanfront parcel  that can be subdivided into 6 mega lots for ultra luxury development 
• La Cam Rd in Thousand Oaks CA (Brittney Spears and Tom Selleck are neighbors) 
• Major upside on resale 
• The ultimate trophy property investment for sports and entertainment portfolio asset managers. 
• Acquisition of 1 to 6 of these mega 1 to 2-acre ocean view building pads or a bulk sale.
• One 100-acre ocean/Island view site for the ultra-private equestrian mega estate.
• A high end/high return builder's project to build 6 ocean view mega mansions with county approval for helicopter pad.

This one is clearly a little different but for the luxury developer, a total dream. $12M purchase price. Contact me for details after signing an NDA. 

@Michael Randle thanks for your input! What locations (then or now) are you finding success in the single family market? 

@Travis Sperr thanks for that Travis! Good to get some feedback.