All Forum Posts by: Becky Nichols

County: Erie

Square Footage: 1,951

Bed/Bath: 4 & 2 full total

Dwelling: Single Family

Garage: Attached, (single) 301 sq.

Full Basement: Large, Full

Boiler: 2007

Electrical Panel upgrade: 2010

Driveway: Recently Paved

Windows: newer throughout

Roof: Newer

Contract Price: $145,000

Assignment Fee: $12,000

Estimated After-Rehab Value: $209,000

Rehabilitation & Remodel less than $20k

Hello Clay,

My husband and I are new investors looking in the Denver area for fix n flips.  He is a contractor with his own business for 20+ years now and will do most the work himself/our sons.

Would love to hear if you have any properties around denver?

Becky Nichols

OH shoot we have plans tonight! when will the next meetup be? and do you all attend any REI meetings, and where are they/dates? Thanks!!

How long would it take to be considered an investment, a year?

thanks Jon

I'm new to the investment world and trying to learn everything I can from all you smart and educated people here (big thanks to @jonholdman)!

I went to a financial / flipping seminar and listened to this strategy of how to make $ with little to no taxes....

You rehab a house; file a 1031 exchange with IRS before closing, and purchase another house to rehab within 45 days.... after this rehab (or maybe a 3rd if needed) you then put those earnings into a buy & hold property by way of a trust (grandchildren, child, etc). This trust can't be taxed for 5 Generations. Now you are earning the monthly rental income from this property, and have avoided large taxes.

Has anyone done this, or know if it's legit?

http://en.wikipedia.org/wiki/Internal_Revenue_Code_section_1031

THANK YOU Paul and Shrav... I have looked around here and been reading quite a bit. I'll keep you posted!

does 1%-3% return to investors really exist?

Cal.. I'm on the fence now!! :*?

Question because now I'm asking hubby if we should skip the bootcamp, and use the $2k on something that will benefit our starting... Q: won't the FF lead give us the investors and financing info/leads (they state 1%-3% only) that are far more valuable than the $2k?