All Forum Posts by: Norberto Villanueva

@Eric Kellum - Hello! Thanks for asking. It is on September 20th, 6:30 pm at Colorado Technical University, 4425 Chestnut St Rm 252, Colorado Springs, CO. 

Please click here to RSVP: http://www.meetup.com/Real-Estate-Investment-Hour-...

We're looking forward to meeting and networking with you.

@Jenn N. - Talking buy and hold. Because slim margins exist all across the spectrum, the fix/flip, wholesale model must await brighter (or is that blighted) days to flourish. 

You have to wonder about the quality of tenants wherever a lower acquisition basis exists. I know nothing about Indianapolis', but take Pueblo's market as an example. With $50k properties that rent for $900+ a month, many see gold in them there hills. Except, and not to generalize but, catch a meth lab and see what happens to equity position and recuperation time. Not to mention the invariably older stock that is available at the lower price points and well, just think more money, more problems. Sum it all with limited upside potential (poor long term employment, population growth, etc) and it can become a long term owie. 

There are many reasons to like the Colorado Springs market. There's that moxy again!

@Jenn N. - Hi! Funny, for someone with a newfound interest, you have all the moxy of a land developer. I wonder how that happened. :) 

The Colorado Springs market is in a strong seller's market, making it tougher (not impossible) to find a good deal, good being a relative term. If that's an equity return above the low teens after expenses, then it's slim pickings. However, if an 8% - 12% range after a little lipstick and rouge will work, execution begins to look a lot better.

How does the Indy market compare?

@Carole G. - a Colorado Springs based real estate professional since 2002, I can certainly help with a referral. Feel free to connect.

@Jonathan Baker - Quite the plan there. Chris covered many of the important factors to consider, to which I would add one with a clear understanding of your buy box. Is it equity return, cash flow, acquisition basis...? And when presented with an opportunity, will they have already factored for expenses including capex AND future maintenance? Do they understand and have contacts in the world of real estate finance, such as hard/private/bridge/portfolio lending? How comfortable are they with assignments, simultaneous closings, subject-to, deeds in lieu and such? 

A full service REALTOR in the Colorado Springs market since 2002, I represent Atlas Real Estate Group, a premiere real estate investment brokerage operating from Denver to Colorado Springs, and exclusive buyer's agent for the second largest single family homeowner in all the U.S.

All the best in your endeavors. Feel free to connect.

Your welcome Dennis. I look forward to meeting you and Mrs. Hackman.

@Account Closed - Thanks for RSVPg. Looking forward to meeting you then.

Thanks Jerrod! Looking forward to meeting you and the Mrs!

@Jarrod Deines - Thanks for your post. Go Navy! Former STG2 here. Colorado Springs is a great place to live with excellent quality of life and lots to do especially if you're the outdoorsy type. Sandwiched between Denver's booming and Pueblo's lagging economy, there's great upside potential here too, especially for buy and hold. 

All the best with your upcoming move to Colorado Springs and your future investing.

@Dennis Hackman - thanks for posting. And welcome to the strong rental market that is Colorado Springs! Assuming you live in the area, you are well advised to invest in your back yard and, what better back yard than one with low inventory, high demand and showing strong appreciation?

IMHO, a buy and hold strategy is currently the best and not just because we are laser focused on providing turnkey solutions that help clients build long term wealth using it, but for all the factors that make it a seller's market.

We're hosting a networking event that explains our approach on August 16th. The link to RSVP is here: https://www.biggerpockets.com/forums/521/topics/34.... 

Please join us! Feel free to connect.