All Forum Posts by: Tanner Pile

@Ty Kennedy how are you planning to find deals? 

I host a local real estate meet up in town if you want to come network with other investors. I'm also an agent here in Colorado. 

Finding the ARV and calculating holding costs tend to be the bigger challenges for most flippers. Aside from finding a good deal too.

 @Justin King There is the better life real estate summit in Austin Texas this June and I heard of a Co-Living real estate conference happening in Denver early June too! 

Plus BP Con is October in Las Vegas.

For local meet ups there is several on meet up.com in Denver. I host one in Colorado Springs if you ever want to come to one down South. 

@Mathew Fuller I have not done a flip but have friends that do that full time. 

Definitely possible to make that much money doing flips. They typically aim between $20-60k per deal. You will need to also consider the amount it takes to buy rehab and sell. In some cases this can be 6 months and you're only at one deal. 

Being able to operate multiple deals at once will be helpful to hit those numbers. 

Finding deals can be done from on market with agents, cold, calling, mailers, etc. They typically deal finding strategies. They all work just depends on the amount of time and money you want to put into it. 

Is it in an HOA? And zoned correctly?

@Peter Vercellin What strategy to you plan to use for renting out?

@Juan Lopez You should connect with @Jordan Malara He is working on a boutique hotel deal in Durango! 

He also has experience operating STRs in Colorado Springs!

@Lau Cor

In Colorado Springs you would want to get into the $400k range to get anything in a somewhat descent area. With a DSCR that would be Over $100k needed not to mention you may need to do repairs. LTRs rarely work here but you can probably break even.

Co-living is a good bet here since we have a large military presence of young guys living off base. 

Finding something you fix up is also a possibility but for a first deal I would not recommend. 

@Kevin Bartel I would go for a house hack on a multi-family property like a house and cottage where you can do an STR in the cottage unit in Denver.

Going a syndication is a good option too and you can learn a lot from the main syndicators. 

Another route you could do is be a money partner for someone buying real estate that does cash flow like STRs or Co-living in Colorado or out of state or even partnering for flips. My friend @Miller McSwain does partnerships for co-living properties to get similar returns to syndications. He is also writing the newest Bigger Pockets Book on Co-Living!

@John R Bongiovanni Aside from those services, I have done a lower security deposit in exchange for a higher rent on a long term tenant and they were fine with that. It was a 50% of one months rent and a $100 increase in rent. 

@Derick Jennings House hacking is the easiest way to start and the best way to be profitable with low risk in Colorado 

@Koren Lavi can help you in the Denver area!