I suppose I have it in my mind that I'm only able to get a LOC after I've appreciated the property, let it season, and then pursue an appraisal/refi.

Denver has a lot of older properties with value-add potential—small upgrades like fresh paint, updated kitchens, or even just better landscaping can make a big difference in forcing appreciation.

It ended up okay, but it sure taught her to slow down and get comfortable digging deep into the due diligence.Here in San Diego, I’ve seen the seasoned investors always double-check with a well-regarded local title attorney..I’ve heard there are a few firms around downtown that specialize in smoothing out odball title issues..or a trusted property manager who knows what unique fees to expect.

I did one last year to swap from an “older property” built in the late 1990’s to a new build  I didn’t run out of reasons, but you get the point.

If you’re referring to the “newbies” with $10k to their name that watch a video by Pace and get excited and pay for joining, go out with their last $5k and do a sub to with a “desperate” homeowner without revealing all the possible consequences (because they are unaware of the consequences through lack of experience and lack of knowledge and or choose not to inform the seller) then I agree, it’s probably going to turn out badly for all concerned.If on the other hand you’re referring to a seasoned investor with excellent credit, significant cash reserves, who wants to add a property to their portfolio without going through loan qualifying, and can pay enough to give the seller “walking away” money because of the low existing interest rates and or, and is dealing with a informed seller, then I find nothing wrong or negative about the transaction.  

They bought a second home near a popular tourist area, lived there for the summer, and rented it out during peak seasons.

I look forward to connecting with fellow investors, learning from seasoned pros, and hopefully sharing my journey as I dive deeper into this space!

Registration is only permitted for legal entities, partnerships and natural persons who are 18 years or older.

If the house is older than 15 years old and n ADU is added, it can become rent controlled.

Make sure to get plenty of toy construction tools so they can help you rehab properties when they get older!