All Forum Posts by: Earl McFarland

You may want to look at the Fort Collins "housing ordinance" requirements/restrictions regarding "unrelated persons per household". There may also be zoning and/or if applicable HOA rules to comply with.

Its one of many 'math numbers' to consider but its still important. I'd rather be in an market that is appreciating than to get 1%+ with little or no long term growth. Often I started at .8 and its grown to 1%+ after 3-5 yrs. SFH, townhomes, condos are similar metrics, MFH may have a higher or 1% now but generally are older and will require higher maintenance costs.

You want to look at Wellington, about 20 min. north of FT.Collins, Eaton or Ault to the E. of FT Collins or possibly Cheyenne, WY which is about an hour away.   All will have lower pricing than FTC.   

The "learning curve" is less steep in the 2-4 unit MFH which is why most start there and then move up once they have 'mastered' and when ready to "go large"!

You are focused in the wrong area, just my opinion. You will get a good rate in this market and closing are part of your acquisition cost and all is tax ded.. Focus on metrics of evaluating as a rental property. Use the BP calculator to determine ROI. As Brandon might say, "you must know your numbers".

@Mark W.

As with the others at BP, welcome. I'm just up the road in Bertoud. Unless I missed it you should connect with Dan Mackin who facilitates the NC REIA MEETING. Although I haven't attended it is spoken highly by NC members.

@Dan Mackin

@Jason Smithey

At one point did you start to feel "burned out", when did the number of units exceed your ability to self manage?   Personally, I don't know how you do it, working FT, and being a husband and father.  Congratulations for all your hard work.    19 units is a major accomplishment as an individual owner.    One of the principals of Steven Convey is "know the end in mine".    What is your ultimate goal or what was your short and long term intensions when you first invested in RE?    

Aspen or Vail Colorado 

"Money never sleeps" in either town.      Both have RE values that have increased for 50+ years, just ask someone who passed on an opportunity in the 70' or 80's.    

There are standard metrics that have been extensively in BP and their podcasts. 50/50 rule 2 percent of cost to rental income 50 percent of rent for expenses and capx Use the BP analyzer

@Brian Armstrong

When is your next NCREIG meeting?

thanks,