All Forum Posts by: Derek Perez

The comment was equally as vague. But from my perspective, that’s what he was gettting at Chris Lopez . That single family homes were drawing better returns than multi’s. And he would rather singles in his portfolio over multi. I do respect the “house hacking” Anna and defiantly would do it, if it fit my families situation better.

Mark Leavitt I do not plan on house hacking, I would be using these an investment properties. I would prefer lager units 5+ to utilize commercial lending options. And that would be great if you wouldn’t mind sharing your agents contact info. Also I don’t know if you would be up for it, but I’d love to hear any info you’d be willing to share on your multi purchase in Greeley as well. And congrats btw!! James Orr I was hoping you were on BP, and would find you’re way to this post. I’ve been looking forward to the NCREIG Greeley meeting coming up, so I could speak with you in person. Also thank you for the insightful graphs and information you provided. Look forward to speaking soon.

Multi- Family buy and hold is the model that most interest me. It’s what I’ve done the most studying and research in. However when I speak to local brokers, bankers, and general investors, there is little to no knowledge or interest in the field. I’ve even been told that multi family doesn’t work in Colorado for various different reasons. I’m from a smaller town (Greeley) in Northern Colorado and although there are several larger and smaller multifamily properties there doesn’t seem to be a major player. Does anyone in the BP community have a lot of knowledge or know of someone who has had success in the Multi-Family space in the Colorado market ?

I've recently pitched a property to my investor. He's someone I have a relationship with. Here's the situation. *First deal *using his credit *he finances the whole down payment What's your guys/girls experiences. How did you do it when you first started out? What would you ask for as experienced investors in a scenario like this? What are your best resources to consume on this subject?

@Jason Eberhardt my name is Derek and I'm from Greeley. I've been looking at the Pueblo area as well as Co Springs and really all of Colorado for our first deal as well. My father has a few properties down in here Greeley that we've had in the family for years, and are looking to expand the portolfio.  I don't know if youve considered a partner or not to take down a deal, but if that's something you'd consider feel free to DM me and we can talk more. In any case best of luck. 

Just wanted to give words of encouragement from someone who is in a similar position. I'm three years older, and my ability to grow my capital as quick as I wanted was hindered by my truck payment. I loved my truck, I was proud of my truck, but at the end of my day, it was getting in my way. So I sold it, purchased a 3k beater (it's not actually that bad) and now I'm able to put the truck payment straight to savings. I'm a tall guy and passionately dislike driving this old small car, however I also like that feeling. It keeps me humble, makes me even hungrier, and let's me save even more money. From someone who can relate, I know it sucks. But once you turn your WANT of investing in real estate to a NEED, you'll realize what needs to be done. Best of luck my friend.

Looking to go for my first real estate transaction. And I have a semi vague question. My father and I plan on doing a syndication. He owns three single family properties free and clear ( bought them dirt cheap when he was 20) at first I had thoughts of selling one to use as down payment on a multi-family property. But the more I think about and learn, I'm just wondering if it would be better to just refi/borrow against equity, on one or multiple of the three properties to get the down payment ? I don't have an exact property lined up just looking at a few in the 200-400 k ballpark. Thanks