All Forum Posts by: Chris Pasternak

Hi Jennifer if you find yourself in Pueblo or plan a trip here shoot me a message and I'd be happy to meet with you to discuss this area

@Tim Emery I saw a video that some investors did on the Pueblo/CO Springs/Denver markets and I'm not sure why they viewed the properties they did in Pueblo.  I believe this is what you're referring to with the ICOR.  Right now the on-market deals are in the foreclosures and properties with extended days on market because of the lack of inventory and amount of competition with retail buyers otherwise. 

As for the larger buildings there was just recently an apartment complex consisting of 20 units at $60k/door renting at an average of $700 it is u/c now because the deal makes sense.  There are lots of multi-units and singles out there with tenants in them that are being listed in a retail buyers price point.  On top of that the access to these units proves to be a struggle because the tenants deny showings or the seller requires written offers to access the units.  Many buyers don't want to deal with that and get frustrated.  

I'm happy to discuss further in detail in DM or better yet over a cup of coffee.

@Buckner Toney Remax of Pueblo manages around 500 or so units.  DM me and I can get you in touch.  

There's a meeting at the Pueblo Union Depot on August 8 at 5pm where there will be a presentation on the North Vista Highlands Development project.  

Here's a great article on the North Vista Highlands Development

https://www.chieftain.com/business/localbusiness/pueblo-s-next-big-neighborhood-eyed-at-north-vista-highlands/article_ee09708a-34ce-5d35-bb99-027476940b7d.html

Hi @Adam Gardner, I'm a broker in Pueblo, CO.  Feel free to message me and discuss this market further

I agree with Travis and I'm seeing 1% of purchase price in rents readily available.  Some may need work after the purchase but I recently had an investor fill a unit the day after closing.

Check it out for yourself:

https://www.biggerpockets.com/renewsblog/head-west...

Where are the haters at?

Just to follow-up on this thread since it's been resurrected I didn't end up buying this property in particular and I did buy one with a long-term tenant and I raised rent 15% and told them about items I was going to address and I had the tenant tell me something very similar to what Jason just mentioned... I'd done more work in the last 3 months then previous owner did in 3 decades 

This bill passed in late April for expedited removal of squatters, alas.  Anyone have experience with it yet?