Hello!! Newbie from Denver, CO

Hello!! Newbie from Denver, CO

Denver, CO · Member since 2018 · 4 posts · 3 votes

Hello everyone!  My name is Brian and I live in Denver, CO.  I just bought my first home here a few months ago and, throughout the process, discovered that I really want a bigger slice of this real estate pie!

BP was recommended to me through my brother, who just started a new job in LA.  His coworker's husband is in real estate out there and told me to check this site out, and I'm so glad he did!

As for my background, I am currently an airline pilot for a cargo company.  As passionate as I am for flying, it can be a rat-race type of career and I'm looking to take better control of my own time and income.  

My interest in real estate began about 12 years ago, when I was in college.  My mother purchased an investment home near my campus and I managed it for her up until we sold it last summer.  Even though my name wasn't on the title, I treated it as ours and, all things considered, we did very well for ourselves when we cashed out:

Purchased in '05 at 134.5K, 15 yr loan, paid extra into the principle (all with rent money), sold in '17 at 182K with over 90% equity.  

This was my only real taste of a legitimate real estate venture.  Also while in college, I worked for an apartment company (two properties) doing maintenance and leasing for four years.  

Currently, I am a true newbie to real estate.  I've read the UBG and I'm still educating myself.  I have no money to begin my investment strategy, but my short-term goal is to buy five properties (somehow) in the next five years, if I can.  If I were to pick a niche at this moment, it'd be buy-and-hold, simply because that's where my experience level is at.  But I know I can flip a home as well.  As I learn more, I'm sure I'll get my chance!

Sidenote:  It's amazing how many podcasts you can listen to during a 12 hour flight to Hong Kong!!!  It's such a productive way to leverage my time airborne!

It's a pleasure to be a new member to the BP community!!  I look forward to interacting with each and every one of you on here!!

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Chris LopezPro Member
Real Estate Agent · Denver, CO · Member since 2015 · 1k+ posts · 858 votes
8y

@Brian Pollock - Welcome to BP! It's a great resource. Consider setting up keyword alerts for Denver (or other markets that you're interested in) to know what's going on in the forums. I've learned a lot by doing so. I've also met some great people through the forums.

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  • Chris LopezPro Member
    Real Estate Agent · Denver, CO · Member since 2015 · 1k+ posts · 858 votes
    8y

    @Brian Pollock - Welcome to BP! It's a great resource. Consider setting up keyword alerts for Denver (or other markets that you're interested in) to know what's going on in the forums. I've learned a lot by doing so. I've also met some great people through the forums.

  • Denver, CO · Member since 2018 · 4 posts · 3 votes
    8y

    Great advice, thanks Chris!!

  • Real Estate Broker · Larkspur, CO · Member since 2017 · 115 posts · 77 votes
    8y

    @Brian Pollock

    Just wanted to say welcome to the BP community Brian! 

  • Dave VisayaPro Member
    Moderator
    Audio Engineer and Investor · Cebu City, Cebu · Member since 2013 · 7k+ posts · 881 votes
    8y

    Hello @Brian Pollock, glad to have you here! Let us know how we can help! And you should jump in, the community is pretty great here. You'll love it :)

    BiggerPockets
  • Equity Raiser and Turnkey Provider · Cleveland, OH · Member since 2016 · 4k+ posts · 1k+ votes
    8y
    Originally posted by @Brian Pollock:

    Hello everyone!  My name is Brian and I live in Denver, CO.  I just bought my first home here a few months ago and, throughout the process, discovered that I really want a bigger slice of this real estate pie!

    BP was recommended to me through my brother, who just started a new job in LA.  His coworker's husband is in real estate out there and told me to check this site out, and I'm so glad he did!

    As for my background, I am currently an airline pilot for a cargo company.  As passionate as I am for flying, it can be a rat-race type of career and I'm looking to take better control of my own time and income.  

    My interest in real estate began about 12 years ago, when I was in college.  My mother purchased an investment home near my campus and I managed it for her up until we sold it last summer.  Even though my name wasn't on the title, I treated it as ours and, all things considered, we did very well for ourselves when we cashed out:

    Purchased in '05 at 134.5K, 15 yr loan, paid extra into the principle (all with rent money), sold in '17 at 182K with over 90% equity.  

    This was my only real taste of a legitimate real estate venture.  Also while in college, I worked for an apartment company (two properties) doing maintenance and leasing for four years.  

    Currently, I am a true newbie to real estate.  I've read the UBG and I'm still educating myself.  I have no money to begin my investment strategy, but my short-term goal is to buy five properties (somehow) in the next five years, if I can.  If I were to pick a niche at this moment, it'd be buy-and-hold, simply because that's where my experience level is at.  But I know I can flip a home as well.  As I learn more, I'm sure I'll get my chance!

    Sidenote:  It's amazing how many podcasts you can listen to during a 12 hour flight to Hong Kong!!!  It's such a productive way to leverage my time airborne!

    It's a pleasure to be a new member to the BP community!!  I look forward to interacting with each and every one of you on here!!

     Hello and welcome! Good luck to you!

  • Rental Property Investor · Cleveland, OH · Member since 2015 · 1k+ posts · 880 votes
    8y

    Welcome @Brian Pollock! Glad you're here! Good luck on your REI journey!

  • Bill S.Pro Member
    Moderator
    Rental Property Investor · Denver, CO · Member since 2013 · 4k+ posts · 2k+ votes
    8y

    @Brian Pollock welcome. Come out to the local meetups and see what other folks are up to. To help yourself out by renting out some of the extra rooms in your new home. You might also be able to do some short term renting when you are out of town on business. Many good ideas to help off-set your expenses in the forums as well as the podcasts. If you are not familiar with the term house hack you should do some research on that. 

  • Andrew SyriosPro Member
    Moderator
    Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
    8y

    Welcome aboard Brian and good luck investing!

  • Senior Network Engineer · Castle Rock, CO · Member since 2018 · 53 posts · 30 votes
    8y

    From a fellow newbie and new Coloradan, welcome to BP.

  • Equity Raiser and Turnkey Provider · Cleveland, OH · Member since 2016 · 4k+ posts · 1k+ votes
    8y
    Originally posted by @Brian Pollock:

    Hello everyone!  My name is Brian and I live in Denver, CO.  I just bought my first home here a few months ago and, throughout the process, discovered that I really want a bigger slice of this real estate pie!

    BP was recommended to me through my brother, who just started a new job in LA.  His coworker's husband is in real estate out there and told me to check this site out, and I'm so glad he did!

    As for my background, I am currently an airline pilot for a cargo company.  As passionate as I am for flying, it can be a rat-race type of career and I'm looking to take better control of my own time and income.  

    My interest in real estate began about 12 years ago, when I was in college.  My mother purchased an investment home near my campus and I managed it for her up until we sold it last summer.  Even though my name wasn't on the title, I treated it as ours and, all things considered, we did very well for ourselves when we cashed out:

    Purchased in '05 at 134.5K, 15 yr loan, paid extra into the principle (all with rent money), sold in '17 at 182K with over 90% equity.  

    This was my only real taste of a legitimate real estate venture.  Also while in college, I worked for an apartment company (two properties) doing maintenance and leasing for four years.  

    Currently, I am a true newbie to real estate.  I've read the UBG and I'm still educating myself.  I have no money to begin my investment strategy, but my short-term goal is to buy five properties (somehow) in the next five years, if I can.  If I were to pick a niche at this moment, it'd be buy-and-hold, simply because that's where my experience level is at.  But I know I can flip a home as well.  As I learn more, I'm sure I'll get my chance!

    Sidenote:  It's amazing how many podcasts you can listen to during a 12 hour flight to Hong Kong!!!  It's such a productive way to leverage my time airborne!

    It's a pleasure to be a new member to the BP community!!  I look forward to interacting with each and every one of you on here!!

     Hello and welcome! Best of luck to you!

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