All Forum Posts by: Aaron Moore

Hey Ed C. Shane Utesch is a very experienced rehab contractor 964-1027

Hi Brittany King , this is a great time to get into the building trade in Colorado Springs! There is no state requirement, but each building municipality does require a license to be a contractor. In Colorado Springs, the entity is Pikes Peak Regional Building, and you can get all the licensing and education requirements here: http://www.pprbd.org/contfiles/ContLicense.aspx Most people just buy the books and self-study, but if you are going to make a business out of it I would definitely recommend learning basic principals of business and marketing before you get too far into it. There are lots of good craftsmen the out there, but very few contractors who are good business people. If you are looking to build in other cities outside of El Paso county, you will need to look into each municipalitie's licensing requirements...Pueblo is a deferent building dept, teller county is deferent, Douglas county is different... (Denver Metro, for example, has a couple dozen building departments...each requiring separate licenses to work in their area). Hope that helps. Good luck!

Welcome to Colorado Springs Jarrod Deines , and good luck in your search!

Hey Trevor Kolb I think that's a great approach for both learning and networking. This business, like any business, is all about the people you get to know. I'm always down for coffee, beer, or lunch to talk real estate. Give me a call or shoot me a text if you want to connect next Monday.

Brian Kohn I think new home rentals can be profitable in a market as hot as this, but you have to know the micro trends in the specific areas you're thinking about. I happen to like the Peyton/Falcon area, but it's a little unique relative to the COS market in general for a variety of reasons. Without knowing the size specs of the house, I can make an educated guess knowing the community you are referencing, and I think your rental estimate is high (possibly by as much as $2-300). if you want to dig into the CO Springs/Peyton/Falcon market give me a shout and we can grab coffee sometime.

Welcome to BP William Goatley ! If you have any questions about the Springs market specifically, or want to talk strategy in general, I love talking RE any time.

Good Buddy! I don't think she is, but I'll text you her phone number

Hey Ed C. , good to see you workin buddy. Angela Parlet at Heritage Title is probably the best investor-friendly closer here in CS

Hi Bob Collins I've been investing in Colorado Springs for 10 years. I would love to find out what you are looking for in rental properties, and answer any questions you have about the local market

Hey Crystal Wilson I know the property you're talking about (a client of mine had it under contract briefly before getting cold feet). It's in decent shape, the neighborhood is just rough, as you would expect with a property that price. I think rents are probably more like $800-900, and likely closer to the lower end of that. Running the numbers on it, I think it's about a 10.6% cap rate on a cash purchase. On a side note, we had it u/c at $77K with a cash deal, so you know the seller will move a little on a cash deal...but probably not on a financed offer