Mortgage Loan Originator-Residential · Bradenton · Member since 2015 · 30 posts · 6 votes
New to bigger pockets. I've flipped in Detroit area (from Livonia& Royal Oak) and Denver. Have owned several rentals over years. Still have rental near DIA. Want to flip and mostly LT hold within 2-3 hour drive or in Denver area. Looking for advice and partner / money. Goal is four or more flips a year and add ten plus units over 10% return in next five years. Totally interested in partnering with someone wanting to do a lot more. Thx everyone!
Real Estate Investor · Miami, FL · Member since 2010 · 939 posts · 739 votes
10y
@David MinerWelcome to the community, of BiggerPockets! The people here have a vast amount of knowledge and are more than willing to share their experience and provide sound insight and advice. Be sure to check out the forums, the blogs, podcasts as well as other parts of this amazing website and like minded community. I am located, in Miami. I am a Rehabber as well as a Buy and Hold Investor. Please free to reach out, to me, if you feel I may be of assistance, to your Real Estate Endeavors. Much to your success!
Involved In Real Estate · Destin, FL · Member since 2013 · 33 posts · 6 votes
10y
Your post is somewhat confusing. Are you looking for something within 2-3 hour drive of Destin or Denver? Either way welcome to BP. I live in Destin as well. Born and raised here. Let me know if I can help you in anyway. I come across deals all quite often.
Real Estate Investor · Miami, FL · Member since 2010 · 939 posts · 739 votes
10y
@David MinerWelcome to the community, of BiggerPockets! The people here have a vast amount of knowledge and are more than willing to share their experience and provide sound insight and advice. Be sure to check out the forums, the blogs, podcasts as well as other parts of this amazing website and like minded community. I am located, in Miami. I am a Rehabber as well as a Buy and Hold Investor. Please free to reach out, to me, if you feel I may be of assistance, to your Real Estate Endeavors. Much to your success!
Realtor · Denver, CO · Member since 2016 · 499 posts · 129 votes
10y
Hello David, welcome. If you are interested in doing work in Denver, let me know and we can talk about your plans. I might have a local contractor who is willing to partner with us to do the work.
Flipper/Rehabber · York, UK · Member since 2013 · 895 posts · 453 votes
10y
@David Minerwelcome to the forums. I've done one out of state flip so far and would be interested to hear more about why you work in the markets you do. Do you spend time in either place or do you live full time in Florida?
Mortgage Loan Originator-Residential · Bradenton · Member since 2015 · 30 posts · 6 votes
10y
Thank you all! Truly!
Sorry for confusion folks. I posted an update to correct. I now live in Destin FL. wife and i love Colorado. We're overdue on visiting friends there. Good flip market. Found it hard( before 2008) to find rentals that made good investment sense. They all look like bargains in hindsight now that rents have spiked. On bright side, didn't lose my butt like a number of folks i know.
Kept rental near Denver airport that i paidv$185k for. Watched it drip tip$110k on 09 and now up to $260k and$1575 /month rents. Flowing $400 after costs and local manager, plus $300 Prince reduction. Not bad for$30k investment ten years ago.
Now just need another $95,000 cash flow per year and will do RE full time.
I look forward to buying more props in Denver, but want to secure my foundation here first.
To answer Micki's question, i think there are far more cash flow values here than Denver.
Realtor · Denver, CO · Member since 2013 · 2k+ posts · 1k+ votes
10y
@David MinerI've been looking at that price point for myself and a client of mine. We haven't found anything in a remotely acceptable area here in town. It's scarce even up to $125k.