All Forum Posts by: Brittany Guimond

Hi Zach! Very cool approach. I’m happy to intro you to a few developers around Denver, and/or intro you to a few architects I used to work with while I worked at AIA Colorado. The permitting process is a bit bonkers at the moment (like 1-2 years) due to understaffing, but you could always get out here and get the process started. Our micro markets vary a lot from place to place, so I think it’s important to tour the various areas and whittle it down. Send me a PM if you want to sync up!

Congrats!! Very cool.

Hi Andrew! Welcome to the community. I just started investing last year (bought my first duplex and currently house-hacking) and still consider myself new at this, and have already learned lots of lessons. I also learn by doing, so as much as the podcasts and forums have been helpful, nothing has helped me as much as actually doing the thing. I'm in NW Denver — want to meet for coffee? Happy to chat about lessons learned, getting started, etc. If so, shoot me a DM and we'll sync up!

Getting back to the original question in this post, would you recommend having a biz credit card for each property, 1 biz credit card for all properties, or no biz credit card at all? @Drew Sygit @Troy P. @Steve Vaughan @Ponni Carlin

Love the xeriscape idea. Grass is the largest omni-crop in our country, it takes all the water and only has aesthetic appeal. There are so many good ideas out there. I attended a few virtual zooms through https://resourcecentral.org/se... and got ideas from the folks who live/work in my climate. Not sure of any BP landscaping podcasts per se, but I agree with what everyone has said here. High-value, low-maintenance and low-cost is the magic trifecta. Renters want low maintenance too. Find out what plants are native to your climate and start there. Mulch is good filler, but don't go all mulch. Ground covers like creeping jenny are good and low maintenance. If you allow for pets, be prepared for them to tear up whatever you put down. I think you're on the right track!

@Courtney Walker benefit for us is liability protection with our tenants. Since every payment flows through the LLC, if they ever came after us, they wouldn't be able to come after our personal or other biz assets. And if it ever came down to going after the property in question, my CPA tells me the umbrella insurance policy we have should protect us 🤷🏼‍♀️

@Courtney Walker no real estate assets in the LLC, but I run all the finances through the LLCs. Is this weird? I'm a newbie, so please tell me if I'm doing this wrong 🙈

I bought a condo from a wholesaler in December. Wholesaler held for $210K and sold to me for $225K. ARV ~$290-$300K.

@Ponni Carlin ahh, that makes sense since yours are commercial. I don't have any commercial yet. But yes, totally doable to own a rental property in your personal name on a residential loan (if it's a SFR or multi 1-4 unit property).

@Ponni Carlin correct! If I could do it over again, I would have created the LLCs first, and then wrote offers as the LLC, but we had to act fast when these deals came up so we decided to offer in our personal names. I want to explore opening a single LLC with several DBAs under it and then putting future properties in those DBA names instead, but I need to chat with my CPA about that first — no idea if that's a good strategy, so if anyone has any insight I'd love to hear it!