All Forum Posts by: Wade Megan

Fantastic thread. Thank you for the responses, much appreciated! It made me realize the importance of the team you have in place, the protection that you can have as a buyer and the potential game changing risks.   

Can anybody elaborate on the Colorado weather?? I have seen mentioned seemingly significant differences in climate. It is all a little confusing for a ROOKIE! Thank you in advance for your insight. 
 

@James Carlson Thank you for your thoughts, much appreciated! @Craig Curelop I am in the early stages but I have been focusing on Colorado Springs. I will likely keep my focus there unless I am persuaded to look elsewhere. I will certainly check out the “Agent Directory” thanks for that information.

Can anybody comment on my chances of purchasing a SFH in a solid location in Colorado Springs with a 203k loan for $230,000 (before renovations)? Thanks in advance!

Hey folks!  

I am a soon to be first time homebuyer plus I am moving 1,700 miles away from Syracuse, NY to somewhere in Colorado. I am moving my company there in September. My wife and I are flexible in terms of exact location in Colorado, we are looking for a single family fixer upper to live in for 1 year before we upgrade. Age 29. No kids. Budget $200,000 - $300,000. Thank you in advance for any information at all on buying site unseen. Stay safe! 
   

Wow, blown away by the value already created for me through this forum on the Colorado Housing Market, thank you! @Tim Emery I just checked out Meetup, awesome! Thanks for the micro market heads up as well as good to know. @Daniel Haberkost awesome insight, just took a virtual spin around village 7, looks very promising, thanks for the message.

I would be grateful for some insight on buying property sight unseen. How risky is it? any tips for making it happen?  I am in New York and buying in Colorado Springs. 
 

@Daniel Haberkost I am currently living in New York. I am unsure what part of town to look in. 

@Kevin Grinstead I appreciate the comment. After taking a closer look I am beginning to see that making a multifamily property work on that budget may not be feasible. @Vincent Chan I really appreciate the book recommendations, while I have read a few, I will get to work on the rest! I planned on financing my first purchase myself. 

I am thinking  Colorado Springs,  203k loan, stay for around a year...that is as far as I have gotten. Thanks in advance to the BiggerPockets community for guiding a ROOKIE.  

Hey folks! Absolute ROOKIE real estate investor here. I wanted to hopefully get some guidance from the BiggerPockets community. My goal, like many others is to build my wealth through real estate investing. Here are some facts: my wife and I are moving to Colorado in 6-8 months. Our budget is $65,00 - $300,000. No kids. Looking for a moderately comfortable 1ish year home or multi-family property (willing to grind it out for a year or so in something below our means). Given that information what would be your next 3 or 4 steps to building serious long term wealth through real estate? 

I will take anything I can get - book recommendations, real estate agents, locations to consider, what not to do, any useful tips on loans etc.

Thank you in advance for any information you can offer, I promise to pay it forward once I can find success in real estate investing. I would be extremely grateful if you included in your response a sentence or two bragging about your accomplishments in real estate. I want to know that I am getting information from somebody who has found at least moderate success in real estate. Thanks again for the help. Stay safe!