The last thing you want to do is buy this property and end up with a lopsided deal if the ARV is significantly lower than what the wholesaler claims.

Does anyone have a spreadsheet formula for this?

This market is literally built for STR and yes, there are thousands of units and yes, it is very competative.

Despite the income, I still feel like I’m over-leveraged.Has anyone else felt this way as a beginner investor?

Perhaps someone with more intimate knowledge of the area can validate or dispel the type of neighborhood this is but it’s normally not good if that’s one of the first things to populate on the internet.

We identified 2 properties and one of them was already sold to someone else so we are left with this one but want to make sure that the numbers make sense and we are not missing anything.

(including Auroa, Lakewood, Golden, Boulder, Arvada, Etc) 💫 My goal with bigger pockets is to help as many investors as possible to find the exact home that accommodates all their needs. 🏠 I first got interested in Real Estate investing since I was 18 years old.

This is my first time doing this, so I want to understand the most efficient way to do so.

I’m thrilled to join this vibrant group as a first-time homebuyer currently under contract on my first home! 

This sounds like a mid term rental opportunity.