Hello people! I would like to introduce myself to the community in Colorado - I've been absorbing BP info for a while now, and want to become more involved. I live in Denver, Colorado and work full time as a project manager for a due diligence company focusing on the multifamily HUD market nationwide. On the side I operate one year round rental unit that used to be my primary residence, a condo in Breckenridge, and run a home repair/remodel operation in my spare time.
My long term goal is to own a portfolio of single family and small multifamily properties (up to fourplexes) in Colorado as buy and hold year round rentals. I'd like to acquire as many as I can manage on my own, then possibly expand with a bigger team. Since I like fixing places up, I'd also be into some fix and flip opportunities. Eventually, I am interested in obtaining my RE license in CO.
I became involved in real estate through the purchase of the condo, which I completed a full renovation on before moving to Denver to complete school. On the way people saw my work, and started to ask for contracting help, which I've learned by doing. I never really intended to be a landlord, but I really enjoy it, and want to expand on this side project. I'm addicted to the lure of undervalued assets, and love the potential that real estate presents for profit through upgrading and also the process of neighborhood change.
I want to be honest with you guys, my intro to this business was from buying the only place I own at the top of the last market cycle (2007). Pretty much just looking for a place to live, and being a little naive, I probably paid way more than I should have. Although it's always cash flowed a little for me after I decided to rent it, I don't think the value's bounced back to this day. It was not the best decision I could have made, and I've always been a bit regretful about it and gun shy about acquiring more real estate...but I'm determined to stack success on top of that experience.
Since then my understanding of real estate has grown, but I still have a ton to learn. As I get to know you guys better, I'd like to eventually be able to add value to those who have accomplished my long term goals. I know the Denver market is sort of bonkers right now, and I'm willing to be patient as the cycle levels off or turns.
If anyone has any questions that I might be able to help you with, please throw them my way, I want to be able to give back to those who might need me!
yes, and yes
I go to the meetups and find them to be incredibly productive, if you're measuring your productivity in pints of beer per evening.
All kidding aside, I just completed a deal with a fellow BP member who I met at the local meetups. I've also met several folks through the meetups with whom I am now friendly and can call or email several folks to ask for opinions, advice or just to say hi.
So yeah, I think they're very productive.
That's great news @Linda Weygant . I appreciate the feedback...and the fact that there is beer involved. Frankly, I attended a few networking events while I was at the university, and found them a bit awkward and of limited value, but you all sound like a good bunch so far.
Sounds like you have a solid plan!
I am new to the group as well and have not attended any of the meet ups yet... but will be attending the one on Monday... so if you attend you wont be alone in the boat as a newbie...LOL. Would love to chat..:)
Brian - welcome! Maybe we'll see you at the meetup on Monday.
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