All Forum Posts by: Travis Sperr

@Billy Barnes What specifically are you looking for on this? The down payment, a portion of it, etc? 

@Benjamin Lapidus @Joe Fairless

I see on the website that ground up construction is featured, but I do not see a speaker or session with that topic. Can you provide any details on what that portion will look like? Thank you in advance. 

@David Weintraub As often as possible, that’s how you know you made it. 

Details:

What we'll do:

Here is an opportunity to sit down together, I'll be happy to answer questions about real estate - financing, rental properties, landlording, new construction projects, fix and flips, raising private money, analyzing deals or anything you can think of.

I just ask you make a purchase to support the establishment. If several folks show up at the same time, expect to network and mastermind with everyone on questions or topics the group wishes to discuss.

So, why should you go?

* Maybe you don't understand something related to real estate and hard money;

* You have questions on a potential deal you are planning to Pursue

* You want to discuss various situations and strategies;

* You want to analyze a deal and run the numbers;

* You want guidance on reading material in order to pursue a topic in more depth;

* Or simply to get to know some other investors better!

This is your chance to pick the brain of one of a seasoned real estate investors. I can help you with a problem you are having or just give you some ideas to help you be more successful. I am looking forward to speaking with anyone willing to open up, ask questions and have a good dialogue

• What to bring

Pen, Paper, Questions and a few bucks for a coffee or sandwich

About me:

Travis graduated with a bachelor's degree in business from the University of Northern Colorado. He joined Pine Financial Group in 2009 as a Loan Officer and is now a speaker, teacher, and frequent contributor to local newsletters and real estate radio broadcasts. He has been instrumental in Pine Financial Group’s growth both in Colorado and Minnesota. Travis was fortunate to grow up around construction and real estate while working for his father’s construction business. While owning and managing a portfolio of rental properties in the Denver-metro area valued at over $2.4M, he is currently focused on multi-unit new construction projects, developing more than $6.8M in for-sale town homes in Denver’s hottest neighborhoods. Participating in real estate investing everyday with more than 500 transactions as a hard money lender, landlord, agent and investor, Travis has found his true passion for the business.

RSVP: Please RSVP to Aimee either by phone or email - 719-884-5300 or [email protected]

Did you know you can borrower the money to buy AND rehab properties? There are reasons successful and savvy investors utilize hard money in their real estate investing. It is not just for people with bad credit any more. If you are fixing and flipping or buying rentals you will want to join us and learn when and why to use hard money including how to buy properties with no down payments. We will also cover other types of financing including, conventional and bank financing to see what delivers the best cash on cash return.

About me:

Travis graduated with a bachelor's degree in business from the University of Northern Colorado. He joined Pine Financial Group in 2009 as a Loan Officer and is now a speaker, teacher, and frequent contributor to local newsletters and real estate radio broadcasts. He has been instrumental in Pine Financial Group’s growth both in Colorado and Minnesota. Travis was fortunate to grow up around construction and real estate while working for his father’s construction business. While owning and managing a portfolio of rental properties in the Denver-metro area valued at over $2.4M, he is currently focused on multi-unit new construction projects, developing more than $6.8M in for-sale town homes in Denver’s hottest neighborhoods. Participating in real estate investing everyday with more than 500 transactions as a hard money lender, landlord, agent and investor, Travis has found his true passion for the business.

Shooting from the hip the shower is likely more expensive, there isn't a significant price difference between a shower pan and bath tub, the square footage of tile on the wall is very similar (unless it is a bigger party shower) but to do the shower right you have to install the glass door which will run a few hundred installed. Also if not the full width of the bathroom, there will be some type of shelving/void to fill to consider.

As a second or third bathroom, I would weigh more on the number of bedrooms up vs down and if there is another bathroom with a tub upstairs. And if it is a 3rd bathroom I would price surrounds for the speed and ease. 

@Susanna Carbaugh an attorney isn't necessary when closing at a title company assuming it isn't a super complicated deal. If you have specific questions about the process or docs the title rep or attorney can help. If you prefer you can certainly hire one, just search for real estate attorney in Colorado Springs - or PM me I can provide two referrals 

Add value and fairly priced.

Add Value- consistent deal flow - MLS, Wholesale, off market. Be available for consultation, comps and writing contracts quickly.

Fairly Priced - There are so many options when it comes to listing a property that it is important to be priced correctly. The pricing might be different if you brought the deal vs the investor located it, forwarded a wholesale deal along or spent the time to review the comps and value, then relayed that information.

I think it would be challenging to get investor clients right now, because so many people are "looking" to be in real estate rather than actually doing deals. Of course your goal is to get to the closing table and there are so many variables in order to do so.  

I work with a few agents - one represented me on 4 transactions in 6 months - she brought me the 1st deal in a complex and then was my agent on two more, she then listed a house I was doing a 1031out of. We negotiated the commission on the sell side because I was very easy to work with and closed quickly on the purchases. Used a completely different agent for sale and purchase of a primary residence. I have a different outfit that represents me on new construction projects, they add a TON of value through locating and entitling the property - we have done about $6.5M in sales in that last few years with another $6M in the pipeline. 

@Peter S. My thoughts mostly in line with others, I'll just toss out a couple ideas to consider.

I don't have data to support this- I feel like new construction is slower to appreciate in our market - because there is typically other new construction that follows in the same area - when you are in the 1-5-year-old range it seems that people prefer buying new than "slightly used" if you will. Look in areas where there is new construction now vs units built a few years ago for resale and the price differences.

I have a close friend that rents his new townhome Jefferson Park on Air B&B - in March he made about $3,000, occupied about 30% of the month - he has a good place to stay when it is rented. The owner occ regulation on  Air B&B has been great for folks that want to participate as the inventory went way down. 

At the end of the day you have to do what is best for you, just be sure that buying a primary residence at $550k fits your long-term goals if that includes continuing to buy real estate consider future financing ability. Also that your reserves are well capitalized.

I do believe you are much better off buying in "our completely overpriced market" than buying one out of state property.

Best of luck in what you decide!