All Forum Posts by: Jeff L.

Hi Anson-

Thanks for putting this together. Would be great to offer another day of the week as well. I am always on the road Mon-Thurs, but would love to attend. Look forward to connecting soon.

Best,

Jeff

Howdy BP -

I'm a new investor looking to get into my first buy & hold property in the next six months. I am working to select the "best" market within a few hours drive of Boulder CO. I've had more luck meeting the 1% & 50% rules in areas like Greely, Colorado Springs, Aurora, etc. But these areas are much less attractive as appreciation prospects.

I've been graphing out Zillow market data by zip code(http://www.zillow.com/research/data/); specifically Price to Rent ratios. I am trying to strike a balance between a market that can deliver month-to-month cashflow (after debt service) while enjoying some level of appreciation. Historically it looks like appreciation in the Colorado Springs market has been flat, while most Northern Colorado markets have enjoyed ~6% growth. I'm  picking up on an inverse relationship between rent/price ratios that would beet the 1%-2% rules, and a markets likelihood for growth. It seems like the higher end markets that show resilient growth have lower rent/price ratios. Thus it is more difficult to find cash flowing properties.

Since I am a new investor and want to build a conservative foundation, cash flow is my utmost priority. Ideally, I would like to net $100 - $200 per door. With Boulder's recent approval to expand the Google campus, this would be an ideal market for appreciation, but it is tough from a cash flow perspective.

Long story short, I am looking for some advice on a balanced market in CO that offers both attractive cash flow and shows historic appreciation. Thank you in advance for your help!

My very best,

Jeff

Thanks you all for the warm welcome and support! I look forward to continuing my REI journey and building my portfolio with the help of BP and this fantastic community. Please don't hesitate to reach out for anything at all. I look forward to seeing many of you at the Denver Meetups!

Cheers,

Jeff

Howdy! 

By way of introduction, my name is Jeff Lucas and I recently moved to Boulder CO from San Francisco. I am a Strategy Consultant at Deloitte Consulting by day, and an aspiring real estate investor on nights and weekends. Currently, my goal is to invest in my first property before my 26th birthday (June 2015). As such, I have been diligently studying and reading about real estate for the last few years. I was turned on to Bigger Pockets through the Podcast (I’ve listened to every one!) and the UBG (Ultimate Beginners Guide). I have also read a plethora of well-known real estate investing books and don’t plan on slowing down anytime soon. I am now starting to hunt for and perform analysis on properties in both Charleston SC and Colorado markets. I could not be more excited about building my portfolio and my network with the help of BP. Please don’t hesitate to reach out for anything and everything.

What I'm looking for:

• -Friends who share my passion for Real Estate
• -Potential partners
• -Great deals
• -A full-time financial analyst position with a developer
• -Information on top performing market segments in CO and Charleston SC
• -A solid "team" (accountant, agent, lawyer, etc.) of experienced investors to support my transactions
• -A local REIA
• -Advice

Thanks!