All Forum Posts by: Dan Barr

Thank you! Seems you are right and I just overpaid... and I also checked at the Denver website and they clearly explain what needs to be done. 

https://www.denvergov.org/content/dam/denvergov/Portals/571/documents/BusinessTax/ShortTermRentalTaxationInformation.pdf

Hey Linda, I receive the same request from the City of Denver on a quarterly basis, and as a matter of fact I also make the payment. Are you sure Airbnb is collecting it and that we (hosts) don't need to pay it? I know the platform collects many different taxes from guests but I'm not sure about this one. Happy to hear how others see it.

I agree with @Jaron Walling, and I will also add that at the end of day, you'd like your BRRRR deal to be a good rental so you have a positive cash flow, otherwise you miss the entire point, right?

And as a CO investor myself, I know it's pretty hard to find good rentals these days.

Must say, however, I'm not familiar with the Longmont area and maybe there the situation is different.

GOOD LUCK!!

@James Carlson Thank you for the very useful tips. Finding a unit with a "split" potential is definitely on my list.

@Craig Curelop - Thank you. I'm also looking right now for value add properties - unfinished basements or any other way to add a dwelling unit. Didn't find any yet.

Thank you Matt. Sounds great. 

Do you mind sharing which part of town you are active at?

Also - will your numbers support a BRRRR deal (knowing you purchased it under market value)?

Thanks!

Thank you Steve. I don't have the funds right now to get into larger deals like multi family properties. This is why I was thinking of BRRRR.

From an area perspective - Metro Denver up to Fort Collins. Don't know the market at COS.

Hey everyone - I'm looking to grow my local CO portfolio. Currently own 7 doors.

Anyone BRRRRing in Colorado? have some success stories or good tips to share?

Alternatively - anyone having success with condo buy & hold?

thanks!

@craig 

@Craig Curelop Great idea about adding a mother in law suite to an existing SFH. Do you mind elaborating a bit on how this works? I guess permits are required?

Also - are you renting the main house and the mother in law suite separately? different tenants?

Many thanks!

Hi @Joe Wang, I'm an investor from Denver, feel free to PM me, happy to connect...