All Forum Posts by: Brodie Leggett

House prices are taking advantage of the lack of demand and the rise is feeding the hope that appreciation will continue and prompting buying, its 2008 all over again.

Maybe building a house would leader to a fairer price?

Hi @Jared Bouzek,

Thanks for taking time to communicate, its good to have some confirmation, it solidifies opinions. Finance is the most important part of this game and I have limited experience in real estate. And on that note, you'll be hearing from me, for sure!

Hi Katie,

I am new to BP and, like you, thinking about the first investment; Hacking is on the mind.

How have you got on since posting your intro?

Denver is a hot market right now... I've had a few conversations and they all end with the recommendation to take the plunge. Thoughts?

@Matt M. and @Bill S.

@Bill S.Both your replies are in tie, comforting and what i wanted to hear, thanks for taking the time. 

It all seems dicey at first but the more one reads the better the prospects become.

Great to have made my first few contacts!

Best

Sorry for delayed response: busy but not, unfortunately, in real estate.

J.R i think the Denver housing markets direction is the million dollar question that none can categorically answer.

I have not made my first investment so i have no help to offer, yet.

The saying goes "You will miss 100% of the opportunities you do not take", so i will now get into a hack with a multi-home or duplex, and cross the fingers.

If you have rehab skills, it might be prudent to run with deals that make mathematical sense and get out, short and sharp. This may offer some reliable income in this unpredictable market.

Keep in coms.

Best

Hello, Bigger Pockets.

Young couple in Denver, preparing for our first investment. (Come on Broncos!)

Christina qualified with a marketing degree in 2015 and has been making a living through advertising for small companies from home. I have an engineering degree and did 8 years’ in the offshore oil and gas construction industry. For the past two years, I have been a rotational engineer (2weeks on, 1 off) in mineral acquisitions, based out of Denver.

With good income streams and work rosters that provide a lot of free time, we are in a great position to flip, BRRR or hack. Hacking sounds the most attractive for ‘first timers' as I feel it may offer an easier landlord learning experience.

We are both very driven and can offer sweat-equity, finance, legwork and simply outstanding coffee shop chat.

While the Denver market seems very strong, indicators show no sign of stagnation, rates are historically low, we do have fears of buying at the markets peak without much room to appreciate.

Seeking an experienced hand in gauging deals, get recommendations on reputable agents, join in financial partnerships, or simply get in touch with guiding angels.

It is fantastic to see forum full or like-minded people, giving and taking with only the best intentions. I hope I can bring my share to the table and find a way out of this rat race.

Great to be here,

Brodie

Hi @J.R. Gutierrez and fellow BPs.

Nice thread you got going here. Any updates on your moves?

What are you thoughts, or anyone reading, on the current state of the Denver market for Brrr? (Buy renovate rent repeat) 

With marijuana now being legalized in other states, there is a thought that the Colorado population expansion,  fueling this long rise in property values, will dwindle.

Could current buyers be left with a hefty mortgage in a buyers market?