All Forum Posts by: Tyler Giering

Great house hack potential! This property has been rented by the room for the past 2+ years at $700 per room plus utilities. The property has had zero vacancy and I believe rent could easily go to $750+. Modern updates throughout the house - Just about everything has been updated in the past 2 years. 

Reach out with any questions or if you would like to schedule a showing. 

*Owner is a licensed real estate agent

@Jim S. I use Nationwide.

@Jim S. I just added on to my homeowners policy. I reported the number of renters and I don't believe my premium even increased. If you feel you need more liability coverage you could probably get an umbrella policy in addition to your homeowners, they are cheap.

Just an heads-up Denver only allows two unrelated persons in a single family home. Other surrounding cities like Aurora, Westminster, Lakewood and Arvada allow more unrelated persons. 

@Jason Lamb Here is a link to an article on the BRRRR strategy:

https://www.biggerpockets.com/renewsblog/brrrr-buy...

I was considering doing a few flips with my HELOC to build capital for rentals, but decided to go with the BRRRR strategy instead.

I will message you the loan terms.

Have you considered using the Buy-Rehab-Rent-Repeat (BRRR) strategy and just skipping to a buy and hold? A rehab to rent is typically less expensive, so you could potentially finance a deal with your HELOC and the interest only lender.

If not, you could always shop around for a hard money lender and at least get a term sheet to compare your options. Here is an example of the loan options I received a few months ago when I was doing a similar analysis. 

This has been very helpful. Thank you all for the responses!

Hello my name is Tyler and I am a young professional who works in the great field of real estate. I recently relocated to Denver for a job and I am in need of a Real Estate Agent that is very familiar with rental properties. 

I am currently looking for a 3 bedroom single family home in the Lakewood, Arvada or Westminster area. I am looking to purchase this as a owner occupied home with the intention to rent out in the future. I need something that is at least 1000 sq feet and that will cash flow from day 1. I can do all the cash flow calculations myself, I am just hoping to find a professional who understands these calculations, so they can better understand the type of property I am looking for. 

Any referrals or suggestions are appreciated. 

Thank you!

Tyler 

Excellent - Blake i will reach out to you. 

Thanks guys!

I am seeking a realtor in Minneapolis that has experience with Multifamily homes. I am looking to purchase an owner occupied 2-4 unit home in the near future. Has anyone had a good experience with an investor-friendly realtor in the area?