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2 October 2024 | 19 replies
As you being your investing journey use this website to get a good idea of general areas that you are not very familiar with https://www.areavibes.com/Its a great starting point!
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2 October 2024 | 2 replies
I wanted to introduce myself as I am incredibly anxious to step foot into the incredible world of REI and would love to know if there are any local investors that meet/would like to meet on a semi-regular basis.I currently have a full time job in outside sales in the Arvada area so I do a lot of driving around which enables me to spend a lot of my time listening to podcasts and educating myself but I would love to get to know some players within my local area to really dive deep into the subject and in which I could potentially be of value in the future.
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1 October 2024 | 10 replies
You can also request the average property tax increases over the last 5 years to get an idea, but that’s not always a strong indication of future increases.
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1 October 2024 | 5 replies
My thought is that your first task is to figure out exactly what must be done to correct the situation and then get a price tag.
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1 October 2024 | 23 replies
The investor, who also has 5 other properties which have equity in them was unable to get a loan.
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25 September 2024 | 2 replies
I recently bid on a 10-unit apartment building that was getting below market rents ($320 below current market rents on average).
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1 October 2024 | 6 replies
I don't know if I did it right, because I prefer NOT to get a traditional loan for my next property.... and I don't know how to estimate (or even GET) private lender loans.My buy box is;- Something I can use for long term rental AND MTRs.- Less than $25K in rehab- Quick rental potential (<3 months rehab).- Low crime, low foot traffic- Access to restaurants, grocery and job (hospital, university, denver tech center, denver downtown)- COC ~5-6%My preferred method to buy is Sub-To, so I would like sellers (and agents) who are ready and willing to consider this.
2 October 2024 | 10 replies
Instead of that, I can keep the property in short-term rental mode in hopes that it helps the area get back to normal sooner.
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1 October 2024 | 12 replies
There are no monthly payments we all get paid on the same day and I even pay for the fire insurance client pays EM and utls..
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1 October 2024 | 12 replies
Just because your PM receives rent, does NOT mean you will get that draw the next month.