All Forum Posts by: Account Closed

Thanks a bunch @Michael Le. Do you have any resources I could look into by chance? No worries if not, thanks for the head start.

Hi there BP,

I am trying to model the costs of some CapEx for a ~160 unit deal I am currently underwriting and could use some advice to help me ballpark the figures. I am considering additions such as an outdoor grilling area, dog park, and/or kid's playground. I know it varies greatly but if anyone who has done something similar could give me a little bit to work with, that would be great!

Thanks in advance - Jake

@Andrew Kerr awesome advice. Do you have a location you typically use to purchase lists? 

@Tiffany Alexy I will DM you! Thanks for your reply :)

 Let me know next time you're in Colorado! Offer's open!

Hello!

I am currently working on searching for/purchasing my next property. I have hit a few bumps on the road since my first property was purchased late November 2017, and am curious to hear some different opinions on what I could do next.

I have about ~$65k in available cash to invest (raised from private investors, BLUF I'd like to get it invested ASAP as its not doing any good sitting in a checkings account), as well as good relationships with a conventional and private money lender. I have considered using a HELOC to assist my current funds in acquiring a 4 plex in the area. It is my understanding that most properties here never really make it onto the market as they are usually picked up by more experienced, full-time investors. Of the places that do make it onto the MLS, the 4plexs are going for around $350k with ~$3200 in mo. rent between the four units.I'd like to do a flip, but with how competitive the local flip market is here at the moment, it is unfortunately off the table.

I have considered investing out of state as I know my money has a lot more buying power in different markets, but I am cautious as I dont fully understand how it would go.

Any thoughts or suggestions on how to best use my remaining capital would be greatly appreciated!

Thanks

Jake

@Jason Coyle

Its competitive for sure! 

@Account Closed

Did you get any luck from this post in finding a GC? If so, let me know - I would appreciate the recommendation. 

Thank you!

Jake

BP Community,

I am searching for a reliable and professional contractor to work with on potential fix/flip deals in the greater Colorado Springs, CO area in the upcoming months. If anyone would be willing to share references for quality folks to work with, I would be greatly appreciative! Thank you very much.

Jake

@Phillip Bicker

I have a fair amount of capital on hand and financing available if required, I am happy to take a look at the deals if they are still available.

PM me through BP, thanks!

Jake Volin

@Brian Schmelzlen Thanks for the input on this.. I think you are correct in not rushing things.

@Ashley Childers Besides the obvious potential gain from that strategy, I love the therapeutic element of getting up and taking a little explorative drive around my local area! I'm going to make some business cards here soon enough. Thanks for the advice.

@John Leavelle You are certainly right that some goal-setting and planning would benefit my overall feeling of being lost. Luckily, the time of year is perfect for goal setting. I'll write a new post and tag you in it with my '18 goals (for accountability sake). Cheers!

@Holly Scott I'll PM you - I think we should connect!