All Forum Posts by: Tom Jeffries

@Bill S. thank you. I will plan to come to the next meetup. Found the 7-unit deal through a broker relationship. It was not on the market, which was great. I'm pumped to be working on it even though it will be a challenging deal.

Hi,

I have a 7-unit property in Lakewood, CO going under contract shortly. $800k purchase price and the property has a ton of deferred maintenance, probably about $95k worth. We are also looking at another $35k to rehab the units. Seeking a lender that can ideally get us to 80% of the total costs at a reasonable interest rate and amortization of 25 - 30 years. 

Any contacts would be appreciated!

Thanks!

Thanks for the warm welcome everyone. I bought my first rental property in 2007 out of foreclosure and put a ton of 'sweat equity' into the property by fixing it up myself. It was totally trashed! We still own that property and it is cash flowing nicely. 

Hi Everyone,

My name is Tom Jeffries and I am an active real estate investor and commercial property appraiser in the Denver area. I currently own 2 cash flowing rentals and recently sold a property to another investor. I am actively pursuing deals with a couple partners and just made an offer on a 7-unit property in Lakewood, CO. I am interested in meeting other investors in the area as well as lenders and agents that specialize in multifamily. Thanks and I am happy to be part of this group!

Best,

Tom J