New Investor in Denver, CO

Arvada, CO · Member since 2017 · 3 posts · 0 votes

Hello,

My name is Seth and I'm currently a financial specialist with bellco credit union. My main goal in the near future is to get to my first deal using a house hack and continue to build my portfolio from there. I'm determined to build enough wealth through not only real estate, but stock options and other business ventures. Happy to be a part of the bigger pockets community! Thanks!

Seth

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Jay Jasunas
Investor · Littleton, CO · Member since 2017 · 66 posts · 39 votes
9y
@Seth Lindaman
Hey welcome Seth, Denver is a great place to be. If you have questions or want to chat, just hit me up.
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Seth Lindaman
OP
Arvada, CO · Member since 2017 · 3 posts · 0 votes
9y
Thank you Jay!
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Adrian Chu
Real Estate Broker · Seattle, WA · Member since 2014 · 1k+ posts · 427 votes
9y
Welcome to BP!
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Bill S.Pro Member
Moderator
Rental Property Investor · Denver, CO · Member since 2013 · 4k+ posts · 2k+ votes
9y
@Seth Lindaman welcome. Come out to some of the local meetups and meet some folks.
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Kevin Grinstead
Realtor · Denver, CO · Member since 2016 · 499 posts · 129 votes
9y
Hi Seth, welcome to bigger pockets. I am sure working at the credit union can give you some great opportunities. Good Luck and I am sure that right starter property is out there for you.
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Chris LopezPro Member
Real Estate Agent · Denver, CO · Member since 2015 · 1k+ posts · 858 votes
9y
@Seth Lindaman Good looking boxer! I have a 1/2 boxer, 1/2 pointer. I love the boxer personality.
What's your strategy with stock options?
I spent a good 2-3 years studying and trading stock options and then on the forex market. I also had good mentors in both. I made money using both with the strategy of you're going to win 50% of the time and lose 50% of the time. Only bet (let's be real... it's a fun form of betting) if there was a 3:1 ratio of the trade going my way. It was all technical and short term.
Trading was my full time job as I had built a good residual income from two businesses.
I made money, but not when you factored the amount of time I invested. Plus, I got so tired of staring at my computer for hours a day. It's hard competing against wall street and all the high frequency traders. The markets are too efficient.
As you know, real estate is not efficient and is a people business. Relationships are a huge part of making a deal happen. I love the stock market, but my money is 90% S&P 500 low cost index fund and 10% short term bonds - Warren Buffet's recommendation.
My active investing efforts are 100% real estate.
Anyways - sounds like we have a lot in common. Let me know if you want to grab coffee and talk numbers!
Podcast Guest on Show How to Use Equity in Your Home to Reach Financial Freedom Faster
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Steve Haight
Las Vegas, NV · Member since 2014 · 732 posts · 137 votes
9y
Hello and welcome to b/p. Been on this platform for 3 years now and have made some great connections here. I have a friend that lives in Pueblo west and he does deals in that little nich. Hope to see you around here more often. If any advise on this platform you need let me know.
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Account Closed
Denver, CO · Member since 2017 · 13 posts · 2 votes
9y
@Seth Lindaman hey Seth welcome to BP. I am new to the community as well but my goal is to get a house hack as well to start out. I'd be interested to hear about what you're looking for in terms of location, bedrooms, SFR or multi, etc.
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Seth Lindaman
OP
Arvada, CO · Member since 2017 · 3 posts · 0 votes
9y
@Chris Lopez Thanks! She's such an incredible dog. Full of goofball!
I traded mostly vertical spreads during times of high volatility, which as I'm sure you know boosts the premiums you can get, which in turn increases your probabilities, while defining my risk to the downside. I also only traded in highly liquid stocks and ETF's. If you've ever seen or heard of tastytrade, that's where I did my options studying and based my strategies off of their research. If you have the time check it out and let me know what you think. I traded successfully until I had to tap out of my brokerage account to pay my bills (long story I could tell you over a cup of joe one day).
As far as real estate goes, I'm currently in the beginning stages of putting money aside to be able to use for my first investments. In the meantime I'm soaking up as much knowledge as I can and trying to network so that when I'm ready to deploy I'll have a great idea what I need to do to be successful.
Last year I fell into some hard times and ended up having to file for bankruptcy. While it sucks, it has forced me to change my spending habits and take a broader look at my future and what I want for it. I had too much of a spend spend spend mentality and never took enough time or thought to what I needed to do to live a more comfortable and wealthy life. I read "rich dad, poor dad" and ever since I've been on a personal finance/investing journey reading and listening to podcasts and rethinking my entire life strategy. Good news is I know I've turned a corner and I'm going to do whatever it takes to never be put in this position again. Also, why I am here at BP.
They say the best time to start investing was ten years ago, but the next best time is right now. So that's, in a nutshell, where I'm at currently. If after reading this you'd still want to, I'd totally be down to meet and see if there's anything I can offer you and vice versa. Just not quite there financially yet.
Best,
Seth
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Chris LopezPro Member
Real Estate Agent · Denver, CO · Member since 2015 · 1k+ posts · 858 votes
9y
@Seth Lindaman
I'll avoid looking at tastytrade at the moment - once I start looking at that, 10 hours will pass and I'll have my charts loaded up again!
I'll send you a PM about getting together. Looking forward to it!
Podcast Guest on Show How to Use Equity in Your Home to Reach Financial Freedom Faster
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Mindy JensenPro Member
BiggerPockets Money Podcast Host · Longmont, CO · Member since 2014 · 7k+ posts · 10k+ votes
9y
@Seth Lindaman , we've got two big meetups in the Denver area, Erie and Denver.
@Dan Mackin and @Anson Young run them. Guys, can you fill Seth in on the next date for each location?
[email protected]Podcast Guest on Show #261
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Dan MackinBusiness Member
Real Estate Agent · Erie, CO · Member since 2014 · 1k+ posts · 512 votes
9y
Welcome @Seth Lindaman. As @Mindy said, we have a couple local meetups. The next Erie one is tomorrow.
https://www.biggerpockets.com/forums/521/topics/442655-erie-gathering-of-badass-real-estate-investors-6-7-17-6pm
The next one for Denver is the 26th. There is no thread for that date specifically yet, but you can find info here.
https://www.biggerpockets.com/forums/521/topics/441355-denver-meetup-may-22nd---badass-real-estate-investors
720-466-3378
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