All Forum Posts by: Dee M.

Hi Jeff,

PM me and I can refer you to both who have done multiple pop tops for me in the Denver area.

Regards,

Dee

Experienced RE Investor seeks Private Funds for 12 month term to purchase 3 properties in Denver Metro Area. 

Loan Amount: 225K (70%) LTV

Property Values: 325K 

Currently Rented: $3,185 per month (less minimal expenses)

Terms/Info: Will pay up to 2 points and 9.5% APR, (will put up own cash at closing also) 1st lien position on deed to lender, no pre-payment penalty after 6 months, so a guarantee of 15K or 25K if the note runs to term, will personally guarantee (High FICO) six figure salaried W-2 Income, 10 years at same company. Completed 48 flips in the last three years, own 8 rental units, own one SFR property in Denver and one SFR in Parker. Time is of the essence, I am a serious and experienced investor and would require the same in return, these properties became available to me off market and I must move very quickly. PM or call or text. 303.736.9070

Thank you.

Hi!

Can anyone recommend a knowledgeable Attorney/CPA combo, who deals with RE transactions, does not have to be in the Denver area (although that would be nice). Need to set up some entities for existing properties I have and others I am purchasing in 30 days. Tax issues, partnerships, etc., Thank you in advance for any help!

Thank you Jassem, Scott David and Salvatore!  I appreciate your input

Hi Everyone,

I'm hoping someone can help me clarify this question;

I own several rentals in Denver (free and clear).  I want to pull some cash out and buy more rentals,(seems to make sense at these historically low rates).  Does anyone know how this would be treated tax wise? Would that be treated as ordinary income and taxed at my current tax rate?  Thank you for any help!  

Hi Derrick,

If you are a bit more specific as to what you are looking for that may help others respond to your needs, ie...rentals, buy hold, flips, etc., Good luck with everything! 

Adam, with all due respect, I don't recall saying I was throwing the towel in. I've done 30 plus flips in Denver, new builds and pop-tops in less than 36 months, I have four going on currently and I found most of them off MLS/Market. I have bought 3 properties this month. I was just giving my perspective on the reality of the Denver market, not giving false hopes to others wanting to get into this market. Please tell me where there are homes in Denver that don't need much work for 200k. What subdivision/neighborhood? I'm always open to being educated so I am curious as to where you are seeing these. Thanks Adam!

If anyone would like to see what 200k plus buys you in metro/suburban Denver, here it is, a 1480 sq ft, very dilapidated looking (1922 build) that is in dire need of a complete rehab. Not something I purchased but under contract in Lakewood and listed for 203K  

I agree with Jon wholeheartedly, he speaks with knowledge and experience. We listed a property recently, it had over 60 showings in one day, it sold for almost 25k over list. I recently listed a flip/pop top we did in Denver, it sold for a seven figure number instantly. You are not even able to obtain condos for 100k currently. I tried to purchase one in Aurora last week for 13k over MLS list, didn't get it and they had 12 offers of which 7 were all cash and higher numbers. The banks have always called for highest and best on foreclosure resales, now the average person listing a property does, send your highest and best up front or you are simply out. A 250k listing in Barnum (Denver) about a week ago had close to 100 showings, I took a picture as I had never seem seen anything like it before. Good, bad, whatever, this is the Denver market today.

Hi Elizabeth,

I have several flips going on, one larger scale pop top in a high end Denver neighborhood.  PM me or e-mail me and lets see if there is a fit. Look forward to hearing from you.