New Member from Denver, CO area

New Member from Denver, CO area

Real Estate Agent · Littleton, CO · Member since 2017 · 44 posts · 12 votes

Hey,

I'm Wesley Jeanette, I am a Colorado native born and raised in Boulder. I'm 29 and work as a software engineer during the day. I have been doing a little bit of real estate for the last 5 years. I bought my first property, a townhouse, in 2012 w/ 5% down shortly after I graduated. I lived in it for exactly one year. Once the year was up I bought a condo (again 5% down) and moved into it for a year while I rented my townhouse. I wish I could have kept up that trend but I didn't have any more money. In retrospect I could have easily made something work. Last summer I sold the townhouse to buy a primary residence with the future wife, Shelly (we are getting married this Friday). With the profits I was able to buy another townhouse in Castle Rock, which is where Shelly bought a condo in 2013. With that I have been managing 2 to 3 rentals for the last 4 or so years.

My father is a real estate agent and used to build homes before that so I grew up with a ton of real estate around the house. At the beginning of the year my brother decided to get his license down in Tuscon so being the kind of person I am I decided to get mine as well. As of mid week last week I have an active license. I got it thinking I would do a deal or two a year for friends and then anything I wanted to do on the side for myself.

Mostly I have been interested in buy and hold but the more I listen on here the more I am interested in everything. Right now I am working with a friend on finding a small apartment complex in Tuscon. The prices in the front range are just a little crazy but I am always looking at things so maybe something interesting will come up.

I just started listening to the podcasts and I love everything about bigger pockets so I am super excited to become part of the community.

Looking forward to making great connections,

Wesley Jeanette

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  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    9y

    @Wesley Jeanette

    Welcome to the BP family! Good to have you here! Here are some recommendations for you:

    Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet
    Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts
    Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing

    If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box. He or she will be notified of being tagged so that the conversation will continue.

    Wishing you the best!

  • Real Estate Agent · Littleton, CO · Member since 2017 · 44 posts · 12 votes
    9y

    @Account Closed My brother has sent us a few things between 450k and 1M, kind of a large range haha. I think I am shooting to keep things under/around 70k per unit. With it being the first deal together, I think we are both leaning towards keeping it closer to 500k overall. That way we still have funds to do something else this year. I go back and forth a lot on really what I am looking for though but I am sure as I keep learning and connecting with others I will be able to find my thing. Up until this point all of the properties I have bought have been more about the long term equity play but I have recently stated leaning more towards wanting a bit more cash flow.

    How did you make the transition to the midwest and out of state in general?

    Wesley

  • Equity Raiser and Turnkey Provider · Cleveland, OH · Member since 2016 · 4k+ posts · 1k+ votes
    9y
    Originally posted by @Wesley Jeanette:

    Hey,

    I'm Wesley Jeanette, I am a Colorado native born and raised in Boulder. I'm 29 and work as a software engineer during the day. I have been doing a little bit of real estate for the last 5 years. I bought my first property, a townhouse, in 2012 w/ 5% down shortly after I graduated. I lived in it for exactly one year. Once the year was up I bought a condo (again 5% down) and moved into it for a year while I rented my townhouse. I wish I could have kept up that trend but I didn't have any more money. In retrospect I could have easily made something work. Last summer I sold the townhouse to buy a primary residence with the future wife, Shelly (we are getting married this Friday). With the profits I was able to buy another townhouse in Castle Rock, which is where Shelly bought a condo in 2013. With that I have been managing 2 to 3 rentals for the last 4 or so years.

    My father is a real estate agent and used to build homes before that so I grew up with a ton of real estate around the house. At the beginning of the year my brother decided to get his license down in Tuscon so being the kind of person I am I decided to get mine as well. As of mid week last week I have an active license. I got it thinking I would do a deal or two a year for friends and then anything I wanted to do on the side for myself.

    Mostly I have been interested in buy and hold but the more I listen on here the more I am interested in everything. Right now I am working with a friend on finding a small apartment complex in Tuscon. The prices in the front range are just a little crazy but I am always looking at things so maybe something interesting will come up.

    I just started listening to the podcasts and I love everything about bigger pockets so I am super excited to become part of the community.

    Looking forward to making great connections,

    Wesley Jeanette

    Hello and welcome to the BP forums. This is a great place to learn everything you need about REI.

    Try looking at: The Most Common Misconceptions of Investing in Real Estate

  • Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    9y
    Originally posted by @Wesley Jeanette:

    Hey,

    I'm Wesley Jeanette, I am a Colorado native born and raised in Boulder. I'm 29 and work as a software engineer during the day. I have been doing a little bit of real estate for the last 5 years. I bought my first property, a townhouse, in 2012 w/ 5% down shortly after I graduated. I lived in it for exactly one year. Once the year was up I bought a condo (again 5% down) and moved into it for a year while I rented my townhouse. I wish I could have kept up that trend but I didn't have any more money. In retrospect I could have easily made something work. Last summer I sold the townhouse to buy a primary residence with the future wife, Shelly (we are getting married this Friday). With the profits I was able to buy another townhouse in Castle Rock, which is where Shelly bought a condo in 2013. With that I have been managing 2 to 3 rentals for the last 4 or so years.

    My father is a real estate agent and used to build homes before that so I grew up with a ton of real estate around the house. At the beginning of the year my brother decided to get his license down in Tuscon so being the kind of person I am I decided to get mine as well. As of mid week last week I have an active license. I got it thinking I would do a deal or two a year for friends and then anything I wanted to do on the side for myself.

    Mostly I have been interested in buy and hold but the more I listen on here the more I am interested in everything. Right now I am working with a friend on finding a small apartment complex in Tuscon. The prices in the front range are just a little crazy but I am always looking at things so maybe something interesting will come up.

    I just started listening to the podcasts and I love everything about bigger pockets so I am super excited to become part of the community.

    Looking forward to making great connections,

    Wesley Jeanette

     Welcome aboard Wesley.

  • Real Estate Agent · Littleton, CO · Member since 2017 · 44 posts · 12 votes
    9y

    @Account Closed Thanks and excited to eventually get to your podcast. I started at episode one a few days ago so I have a ways to go.

  • Wholesaler · Kansas City, MO · Member since 2016 · 17 posts · 3 votes
    9y

    @Wesley Jeanette I to am a Colorado native was born in Boulder.  I now live in Kansas City and am a real estate investor.  The landscape here is interesting because we straddle the state line and renting properties on both sides have their ups and downs.  I would be open to discuss both with if you are open. I do not know any other market but Kansas City it can give you insights if you want to invest here or not.  

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