NOOB From Elizabeth, CO (Outside of Denver)

10 posts by 8 users

Medium 1399669746 avatar ropodawg Rob Porter
Real Estate Investor from Elizabeth, CO
3 Posts
0 Votes
0 Awards

Rob Porter

Real Estate Investor from Elizabeth, Colorado

Feb 11 '13, 09:23 PM


Not really sure what I'm doing here but, for some reason, I feel like I'm in the right place.
I can't really call myself a REI. I own one rental house that was our former primary residence. I would love to own more. And I love the idea of buying/re-habbbing/selling/renting property. I would really like to do it full time.
So I need to spend some time looking around this site/blog and see what I can learn. Frankly, I have no cash right now to work with and am actually thinking about cashing out of the property I do own to capture equity and pay off some personal debt.
But I do have the bug - to buy, flip, hold, rent... I can do most rehab myself with little interaction from some subs...
I'm rambling.
Anyone relate to what I'm saying?
Looking forward to learning from all of you!



Medium 1448323178 avatar blackbelt Joel Owens
Commercial Real Estate Broker from Canton, GA
10243 Posts
5071 Votes
17 Awards

Joel Owens Verified Video Moderator

Commercial Real Estate Broker from Canton, Georgia

Feb 11 '13, 09:46 PM
1 vote


Hi Rob and welcome.

I am not a rehabber but look at J Scott, James Vermilion, Will Barnard and a few others on here that focus on it heavily.

They can give you a ton of valuable info on rehabs.



Medium allworldrealtyJoel Owens, All World Realty
E-Mail: [email protected]
Telephone: 678-779-2798
Website: http://www.AWcommercial.com


Medium 1399663995 avatar bannister700 William Bannister
Commercial Landlord from Oshkosh, WI
300 Posts
79 Votes
1 Award

William Bannister

Commercial Landlord from Oshkosh, Wisconsin

Feb 11 '13, 09:47 PM


Welcome Rob to BP, sounds like your an investor to me. I think if you liked it the 1st time around you only get better with experience.
That is how I started I did a lot of the work myself with a little interaction with subs. Then as time moved on I did less as I could afford to have subs and labor do it all. im still rehabbing 20 years later.



Rob Porter

Real Estate Investor from Elizabeth, Colorado

Feb 11 '13, 09:55 PM


Originally posted by Joel Owens:
Hi Rob and welcome.

I am not a rehabber but look at J Scott, James Vermilion, Will Barnard and a few others on here that focus on it heavily.

They can give you a ton of valuable info on rehabs.

Thanks Joel. I expect I will be spending a lot of time looking around here.
I'm originally from GA myself - Columbus - and get back there often.

Regards,
Rob



Medium 1448398348 avatar brandonatbp Brandon Turner
Investor from Montesano, WA
12483 Posts
2400 Votes
18 Awards

Brandon Turner Verified Video

Investor from Montesano, Washington

Feb 11 '13, 10:58 PM


Welcome @Rob Porter! We are a very tight community that loves to help people with their problems, so if you are unsure about how to move forward, you've come to the right place. Chances are, you have answers to questions as well so feel free to browse the forums and jump in when you can! Let us know how we can help!



Medium fbprofileBrandon Turner, BiggerPockets
E-Mail: [email protected]
Website: http://www.BiggerPockets.com


Medium 1399394541 avatar jvermillionaf James Vermillion
Property Manager from Lexington, KY
2919 Posts
1090 Votes
11 Awards

James Vermillion Donor

Property Manager from Lexington, Kentucky

Feb 12 '13, 05:34 AM


Welcome to BP Rob. There is more information here about rehabbing than you will know what to do with at first. Make sure you head over to the rehabbing / flipping area of the forums and start reading:

https://www.biggerpockets.com/forums/67-rehabbing-and-flipping-forum

Even if you are going to be doing a lot of the work yourself you still need to understand the market in your area, how to estimate rehab costs, determining ARV, etc.

Again, welcome to BiggerPockets, let us know how we can help!



Medium 1399652147 avatar nothinbuthoops Austin S.
Stoneham, CO
47 Posts
5 Votes
1 Award

Austin S.

from Stoneham, Colorado

Feb 12 '13, 05:41 AM


Welcome @Rob Porter. I am a newbie as well, out in the NE corner of Colorado. I am coming up to a couple seminars in Thornton this Saturday (16th) that ICOR (Investment Club of Rockies). If you want to shoot me your email address I can send you the information and maybe we can catch up. Good luck!



Medium 1448324704 avatar barnardinc Will Barnard
Developer from Santa Clarita, CA
12383 Posts
6037 Votes
23 Awards

Will Barnard Verified Moderator Donor

Developer from Santa Clarita, California

Feb 12 '13, 09:25 AM


I may be bias, but I believe you found the right place for your education in RE investing. Rehabbing is my game (at least curently) and any questions you may have, do not hesitate to ask. Plenty of threads on the topic so dig in and enjoy.

Welcome to BP Nation!



Medium be logoWill Barnard, Barnard Enterprises, Inc.
Website: http://www.barnardenterprises.com


Medium 1399597578 avatar gpdenver Grant P.
Denver, CO
218 Posts
37 Votes
2 Awards

Grant P.

from Denver, Colorado

Feb 12 '13, 12:35 PM


Seems like a ton of people from Colorado joining all the time.

Just did a deal in Parker, not all the way to Elizabeth but in that direction.

Some of us in Denver get together once a month, and just have a casual meeting and talk about REI. I have meet some good people there.

I also attended the Summit that Bigger Pockets puts on, held here in Denver. I learned a ton in the 2 days I attended. Highly suggest picking up a ticket.

Welcome from a fellow Colorado investor



Rob Porter

Real Estate Investor from Elizabeth, Colorado

Feb 14 '13, 06:45 AM


Hi everyone. Thanks for all the encouraging comments. Sorry, I have been tied up with the primary vocation this week. I hope I can have some time this weekend to dig into the forums and see where I need to focus. I'll be on the road for a few weeks.
Thanks



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