All Forum Posts by: Grant P.

I also am in the process of build up a new track car. 1995 BMW 318ti Clubsport. 1 of 249 built for the world, currently getting a built turbo s50 installed. should be a very reliable 400-450WHP and weigh in at about 2700lbs

I prepare CMA's on a daily basis.

You only use solds as this paints an accurate picture, as opposed to asking prices which don't matter at all. Also the recent sales let you see concessions on the property, often we will see 5-10k in concessions, but the public record does not take this into account.

I can get as detailed or brief with my CMA's. It depends on my clients, and how many actual comps have recently sold. I usually prepare them with 3 comps, but I look at far more. I don't like my clients to be on info overload unless they want/need to be.

These are great starting points, but be advised the CMA is only as good as the person that prepared them. Really I use them to help educate my clients, as the average joe does not know real estate as well as most of the professionals that make a living at it.

You came to a great place to find deals. I just recently started using BP regularly and I love it. I can guarantee that I will do at least 1 deal this year that wouldn't have happened without BP.

I am a broker/investor based here in central Denver. I would love to talk more and see if its possible to do some deals in the future.

I'm sure I am far more into cars than just about anybody on the forum here. They have been my obsession since I was a small child. Until about 2 years ago I owned a custom wheel company that built one off wheels for high end/race cars.

I currently daily drive a 2005 BMW 745i, trying to decide what to replace it with. I have had it for 5 years, and I have loved the thing, but I have a big dog now that needs cargo space. I'm looking at some of the cool wagons are out there.

If I can find one I'm looking to pick up a low mileage e55 AMG wagon. Lower it and put a nice set of wheels, and smoke Ferrari's with my station wagon.

I may be looking for a while however- they built a total of 129 for 2005 and 64 for 2006 for the US market. If I find one i like in the next year than I will be totally excited.

I always allow dogs, even if it means more work for me. My dog is my best friend, and I can't turn dog owners away(It's one of my soft spots).

My most recent deal was a 2bd condo with carpet. I charged a $500 pet fee(non refundable) and $50 month pet rent on a 12 month lease. I just escrow that money for new carpets, even if they stay just 12 months I have just enough to replace the carpets.

Welcome!! I'm also from Denver, and think it would be a great idea for all of us from the Denver metro area to get together every so often and talk shop.

Also I suggest you go to the BP summit. Last year it was held here in Denver, and I can't even begin to describe how much I came away with.

Good luck!!!!

Welcome!!!! I to am from Denver. A Real Estate Broker by day and investor by night. I would love for all of us Denver people to get together sometime.

I am always looking for new investors to work with as well as new clients.

I was lucky enough to go to the summit BP out on this year at the convention center and cannot tell you how much info I came away with from 2 days. If they hold it here again I would highly suggest going.

Good luck with your investments and I would love to do some business in the future

Although the 100 down program is great, someone in our office was just dealing with this and it ends up actually being 100+1% down due to the closing costs making the ltv over 100%. Not sure if this true of all lenders, but in this particular deal it was.

Just to give everyone an update. I walked away from this deal I just couldn't get the numbers to work.

So my focus for the last 3 months has been focusing on learning everything I can about and taking classes on real estate investment analysis.

Joel Owens
What I'm focusing on however is infill development/major rehabs and the lot was 50x125 on the market for 230k. I'm not sure of the zoning where you work, but here the rules encourage you to fit as many units as you can on a site. Obviously there are bulk planes and setbacks. The real hurdle is they require 1 off street parking per unit, so we were planning for 4 1bd and 4 2bd with 8 off street parking. All above grade in 3 stories.

We still plan on doing a similar building when we find a site where we can make the numbers work, which are looking better and better with every site I analyze.

I recently became a broker and I interviewed countless companies.

I would stay far away from any company that claims/promises any sort of business.

That being said I chose a full service brokerage that has a very established practice/name in my market. They do charge more on the split than some of the bootleg companies, but I can tell you that I already have reaped the benefits.

I got a listing yesterday through my managing broker, and floor calls come in all the time. Referrals and inside info on properties before they hit the market, sales meetings etc.. They all translate into business

IMO if your willing to work hard and long hours than you will be successful in this business, but the support that I receive from my brokerage is more than worth what I pay in splits and monthly.

With the support from my company, I can spend far more of my time doing income producing activity instead of fumbling over paperwork questions and issues, which makes me far more money in the long run.