All Forum Posts by: Grant P.

All I am focusing on currently. Only infill in A+ neighborhoods as well here in Denver. One of the main reasons I like it is because I actually enjoy it. The Design is the most exciting part for me. Working through challenges that the site/budget may present, and attempting to maximize returns with the real focus on building A great house. Even if we make a little less, but don't build garbage I'm ok with that.

You will never catch me building a house out of a magazine at a supermarket, only one off high design modern homes.

Here was the project I worked on with my dad in 2002 when I was 18 that got me hooked. Winner of an AIA merit award.
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Welcome from another Denver member. In my opinion it has become one of the most exciting markets in the nation. It's not as easy to see the cashflow some see on here, however you can get a little creative and still make some money in real estate. Plus the quality of life is second to none.

Be sure to check out our monthly meetings, its great to network with local people.

Welcome and enjoy.

The reason we often save foundations/walls is because they happen to fall within the current setbacks. If we were to tear them down, we would have to apply new zoning, whereas if we save them they are grandfathered in.

We did this on a new build that had a garage on the property line. saved the slab and 2 block walls of the original garage as it allowed to sneak a 3 car garage in on a 33 foot lot.

I am doing this currently on a renovation as the current setbacks are 3 feet, but the current addition is only 18" from the property line. Those couple feet make a big difference in many of my projects. so we will be "modifing" the current addition, even though it would be much easier to tear down and rebuild.

Perry Rosenbloom
Congrats on finding a place that looks good on paper. I spent so many hours on this site beating myself up about deals that other people were finding, and I was new to single family investing so I thought I was missing something.

I purchased a property of of the MLS and it couldn't have turned out better. Appreciation and 30 year fixed rates are what the big upside were even if I couldn't apply the rules others can pull of in other markets. Getting in the game was far better than sitting on the sidelines and trying to find that "perfect" deal. I would have missed out on the 12-15% appreciation the neighborhood saw in the last year.

Congrats Perry Rosenbloom

Your numbers look great for a place that is ready to be rented!!!!

Maybe I need to step out of my comfort zone and market and start investing in Northern Colorado, you will not find deals like that in Denver.

The clients are GC's and own a small remodel company, and will be doing a full rehab before the rent it. They just finished a single family that they converted to a 2 unit applying the same strategy.

Their numbers look good once the remodel is complete.

"this puts us at about $72 per square foot to build (if you subtract out the costs to knock down the existing structure)"

I wish we could build for $72 PSF. On a new build for a vacant lot I picked up we were getting quotes on the low end at $110 psf. Now, nobody wants to build at that, and want between $120-130 psf. If I could build for $72 psf, I would be a very wealthy man.

I'm curious to see all the photos, and see the differences between construction in Atlanta and Colorado.

I helped a client find a duplex on 42nd and federal last month.

They exist, buy they are few and far between.

My first year of business I was putting in 60-80 hours. The amount of work you put in directly relates to your production.

Its easy to do a few deals with people you know. But count on everything taking 3 times as long as it should on your first 6 or 7 deals. It takes that long to become good at being efficient at executing the contract.

The question also should be how much money do you want to make? if you want to be a 50k a year Realtor, you can make it there in acouple years at 40 hours. I don't want to be a 50k Realtor, so I log more hours. One of the nice parts of the business is the flexibility, but bear in mind it is a sales job. Its a numbers game.

In Colorado it is the buyers responsibility to verify sq footage. We have a required disclosure stating this.

You should be able to get out of your contract assuming you are verifying the sq footage soon enough, but price reduction is at the sellers discretion, at least that is how it would work in Colorado.