All Forum Posts by: Alex Jimenez

Hi @Alex Jimenez if you want to meet a group of people just like yourself, I know a perfect group in your area. Let me know if interested. I can PM you the details.

Hello Nathaniel, yes PM me details. Thank you!

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Originally posted by @Erin Spradlin:

@Alex Jimenez - if you're open to leaving Denver, this might be possible in Colo Spgs or Aurora. There are also some loan programs available for people that make $74k or less.

Hello Erin, thanks for your input. I want to try and stay close to Denver since i this is where i work. And the plan is to buy a multi and live in one unit so i can't go to far.

Where can i learn more about these loan programs?

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Originally posted by @Richard Updegrove:

@Alex Jimenez I also live in the Denver area and started with my first rental last year. You should be able to find something with $30k for a down payment. I don't own any multifamily units yet but I'm always looking at the prices of duplexes. They seem to go for 450k+ in my area. I would suggest that you figure out what area's/pockets around Denver that you want to invest in. Also, begin building your team. You'll need a good real estate agent and lender to start. The lender can help you figure out what you can get pre-approved for. That will allow you to determine what you can afford. House hacking is a great way to get started. Let me know if you want a referral to a great real estate agent. Also, will you be managing your rental yourself or hiring a property manager? Good luck on your real estate investing journey!

Thanks for the advice Richard. I want to try and buy something within 25 miles of Denver in any direction. I need to stay within a reasonable distance because of work. I will definitely start to build my team and also get pre approved just like you said.

The plan is to manage my own rental properties. And yes please, id love a referral to a good real estate agent that understands what im looking for and can hopefully help me with analyzing deals.

Thanks!

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Hello BP community!

My name is Alejandro Jimenez aka Alex. I am originally from Miami,Florida but as of 3 years ago live in Denver,Colorado. I have been growing my knowledge in RE investing through books, podcasts, webinars, and now BP which recently found. I recently started to work as a truck driver for Fedex making 70k/year. I plan to keep my job while i invest until i can create enough passive income to cover my expenses. Then i would really love to start investing full time.

To start, the goal is to buy a Multi Family Home and live in one of the units and rent out the rest. This way i can reduce my expenses and continue saving for my next rental property. Im currently saving for my first rental property and i should have around $30k to put as down payment by the end of 2020. Is this a realistic number to start investing in Colorado?

In the long run, the goal is to own enough rental property with cashflow to be financially free and travel the world.

Thank you for reading and i really look forward to hearing from you guys!

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All Forum Posts by: Alex Jimenez

Alex Jimenez has started 1 posts and replied 4 times.

Post: Newbie from Denver Colorado

Post: Newbie from Denver Colorado

Post: Newbie from Denver Colorado

Post: Newbie from Denver Colorado