All Forum Posts by: Tanner Pile

@Steven Mendiola 

I would avoid doing any major construction on your first houses hack. Keep it to a bathroom refresh or adding a bedroom at max. Anything too much has larger room for error on your first property since you are new to real estate and learning how to work with contractors and tenants. 

@Meghan Begue, Welcome! We have a real estate investor meet up next Thursday in Colorado Springs if you can make it. We have about 20 investors show up to network and hear a guest speaker talk about real estate two times every month. I'll send you a DM!

@Taylor Wong,

Contact @Ryan Thomson about assumable properties. How much do you have for a down payment? 

@Edwin Lopez 

House hack to start the portfolio in real estate since living in the property you can do low down payments. 

For the business sell your services. This way you don't need to have upfront costs for a product to be sold. And this way you can start without having collateral or mixing personal finances. Not doing an investment of your own cash requires more sweat equity and hustle to make it successful. 

Welcome Chris! Looking forward to meeting at the real estate meet up!

 If you go to the get started tab and go to the bookstore you can find it there. 

@Shrikant Kakani 

In Colorado you need to do 25-30% to make long term rentals cash flow. Furnished mid and short term rentals will cash flow if managed correctly and you find the right location and property size. 

Co-living works well in Colorado because there is no cap on the amount of nonrelated people that can live together as Denver and COS are wanting more density with in the major cities. 

You have to get creative and make offers under asking price in CO to make properties work. 

@Sarah Pattynama

Contact Kim Hubbard, She is a local lender in CO that can help. I'll DM you her contact info

@Sara Valentine 

Service dogs are not considered pets and are often vert well trained. Way better than having g and ESA emotional support animal. Both are considered not pets and would be allowed. However still do the credit and background checks to make sure the renter qualifies. 

My HOA only allows one pet but my tenants have a service dog and 2 ESAs and the HOA accepted them. They had great references too so it worked out.

@Vance Payne

Contact Zac Collins in Denver! He does rent by room management. 

+1 (734) 834-3814