New Investors, Looking to Learn, In Colorado Springs, CO

New Investors, Looking to Learn, In Colorado Springs, CO

Colorado Springs, CO · Member since 2016 · 3 posts · 0 votes

Hello All,

I wanted to introduce myself on the forums. My wife and I are brand new investors in Colorado Springs, CO. A couple months ago, our excitement for real estate investing was invigorated and since then we have been sponges soaking up all the information we can through podcasts, forums, books and blogs. I don't want to get stuck in “analysis paralyzes”, as I tend to over analyze stuff, so we're looking to take action! 

We are interested in buy and hold properties, SFRs up to four plexes, to supplement our current incomes and create passive income for the future. We each enjoy our day jobs, so we are not looking to replace those - yet. I feel turnkey properties may be a good way for us to learn the ropes, but the Brrrr strategy would be great also.  We would be willing to look outside the Colorado Springs market as well.

We are in the early stages of building our network, so we are looking for local Real Estate Agents, Attorneys, Accountants, Contractors, Etc... And we are open to any advise/wisdom anyone is willing to give. In an attempt to keep this post short, we are excited to be part of the BP community and look forward to talking/meeting you in the future.

Thanks in advance!  

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Real Estate Consultant · Colorado Springs, CO · Member since 2013 · 325 posts · 117 votes
10y

@Account Closed - Thanks for RSVPg. Looking forward to meeting you then.

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  • Investor · Littleton, CO · Member since 2016 · 47 posts · 9 votes
    10y

    Welcome to BP. You may need to consider looking out of state, if you want to start out with inexpensive rental properties. If you hunt around the site, you'll find out where a lot of investors are buying. Denver and the Springs are booming right now, so prices are very high.

    Good luck.

  • Real Estate Consultant · Colorado Springs, CO · Member since 2013 · 325 posts · 117 votes
    10y

    @Dennis Hackman - thanks for posting. And welcome to the strong rental market that is Colorado Springs! Assuming you live in the area, you are well advised to invest in your back yard and, what better back yard than one with low inventory, high demand and showing strong appreciation?

    IMHO, a buy and hold strategy is currently the best and not just because we are laser focused on providing turnkey solutions that help clients build long term wealth using it, but for all the factors that make it a seller's market.

    We're hosting a networking event that explains our approach on August 16th. The link to RSVP is here: https://www.biggerpockets.com/forums/521/topics/34.... 

    Please join us! Feel free to connect.

  • Investor · Denver, CO · Member since 2015 · 492 posts · 267 votes
    10y

    @Dennis Hackman TurnKey is the way to go. We helped people get amazing returns through our Hands OFF-AutoPilot Program. Sign a couple of docs, invest your money, and get a check every month. We did all the rest for our investors. This includes aquiring property, managing it, rent collection, tenant issues, evictions, renting it out again, mortage payments, basically anything and Everything from Beginning to End. The last investor is getting 18% annually on their money. The reason why is we Partner with the Investors so we are in it Together. I believe most TurnKey Business just Sell you a House with a Tenant in it and say "There you go, now you deal with it." I don't like that type of model because, if something happens with the tenant, now you are back to square one with no tenant and a property. Anyways, take a look at a few companies and see who fits your style the best. If you want to do all the Land Lording and getting the Calls at 2am, do that route. If not, there are other options. Have a good day!

  • Rental Property Investor · Denver, CO · Member since 2015 · 109 posts · 34 votes
    10y

    @Dennis Hackman happy to see a fellow "Springer" although I do not currently live there, I was born there! What a beautiful place to live too.

    I'm relatively new, myself but believe I could be of service to you in some way down the line if you're ever interested in Rehabs or homes that may need a little TLC. I'm currently putting together an of-market lead generating system to do the grunt work of finding deals for you. If you'd like to get the heads up on what I find, please feel free to let me know.

    @Norberto Villanueva I happened to peep thel ink that you posted, will definitely be signing up for that myself, Sir. 

    @Robert Herrera I hope not to sound ignorant in asking this, but what exactly do you do/work for? Are you the owner or founder of your own investor relations/property management business, an investor yourself, etc..? 

    I ask only out of curiosity as I am new to the Colorado market and am looking to get to know as many of the shakers and movers as possible!

    Regards, 

    Diedrick Z.

  • Investor · Denver, CO · Member since 2015 · 492 posts · 267 votes
    10y
    Diedrick Nagle I own TK Wealth Partners. That is my real estate business. I also own Denver Oil here in the mile high city.
  • Rental Property Investor · Denver, CO · Member since 2015 · 109 posts · 34 votes
    10y

    @Robert Herrera Great to know, I am extremely humbled. If I can ever be of service to you in any way, I'll be the first to let you know.

  • Real Estate Consultant · Colorado Springs, CO · Member since 2013 · 325 posts · 117 votes
    10y

    @Account Closed - Thanks for RSVPg. Looking forward to meeting you then.

  • Colorado Springs, CO · Member since 2016 · 3 posts · 0 votes
    10y
    Thanks for the warm welcome and all the information! As I said before, every bit of knowledge helps us on our journey. Norberto Villanueva that sounds like a great seminar. If I'm not on the road that day, my wife and I will definitely attend. Robert Herrera I would be very interested in talking with you further about turn key. Is the best way to link up with you through PM?
  • Real Estate Consultant · Colorado Springs, CO · Member since 2013 · 325 posts · 117 votes
    10y

    Your welcome Dennis. I look forward to meeting you and Mrs. Hackman.

  • Mike D'ArrigoPro Member
    Turn key provider · San Jose, CA · Member since 2010 · 4k+ posts · 3k+ votes
    10y

    @Dennis Hackman Welcome to BP. You can find a lot of information on turn keys and investing in general on my podcasts which you'll find on our website. Just look under the education tab in the nav bar. Hope you find some of them helpful.

  • Rental Property Investor · Honolulu, HI · Member since 2016 · 15 posts · 10 votes
    10y
    Welcome, Dennis! I'm currently living out of state, but the Springs is home (and where I still invest). Let me know if I can help you out in any way!
  • Las Vegas, NV · Member since 2014 · 732 posts · 137 votes
    10y

    @Dennis Hackman

    Welcome to B/P great place to network and gather information. I have been here on B/P for over two years and have made some great connections here.I have some friends that live and invest in Pueblo West. If you would like some connections there let me know.

  • Colorado Springs, CO · Member since 2016 · 3 posts · 0 votes
    10y
    Steve Haight I would be very interested in learning more about Pueblo West. I do some work down there, and while Pueblo doesn't seem too attractive, Pueblo West seems to be a different story. If I could connect with someone who has some info about the area, I would really appreciate it.
  • Las Vegas, NV · Member since 2014 · 732 posts · 137 votes
    10y

    @Dennis Hackman

    Sure just call me would be the best, my number is in my bio or pm me.

  • Investor · Denver, CO · Member since 2015 · 492 posts · 267 votes
    10y
    Dennis Hackman yes PM is the best method. We can go over the market and what's going on down there. Some big stuff in the works.
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