All Forum Posts by: Grant Tallmadge

@Dustin Turner thanks for the great info, I sent you a PM

@Neil Hohmann - Yes, still very happy with RES, good luck!

@Anne Kimble

They’ve been great to work with, so far so good!

@James Wise

Thanks for posting this. I was just in Birmingham visiting with Spartan Invest a couple of weeks ago. They seem to be one of the more legitimate turn-key providers not just in AL, but also in the entire US, they are a very professional and well-run business.

I ended up going under contract for a townhome on the MLS, but do plan on investing with Spartan, at the time just limited inventory but nice properties! The MLS also has some gems, you just have to dig and get your boots on the ground. I drove to about 40 properties over a 3 day period in all of the neighborhoods on this list to narrow down to about 10, including 2 from Spartan that went under contract before I acted.

This guide really helps out and I’m now feeling much better about the spot I found in Grayson Valley. Rob Drum is my realtor, he’s been awesome so far! Thanks again James!

I’ve been using https://resrents.com/ for a month now as my property management in Denver and so far so good!

Greg and his team have a unique system for fielding inquiries from landlords and tenants via call, text and email.

They’ve been very responsive and seem to have done a great job screening and placing tenants, which took about 6 weeks (keep in mind I’ve not totally rehabbed the condo, older kitchen, bath and carpet), so renting out took a bit longer.

Property was marketed with a lot of resources and nice photos.

They utilize Propertyware for the portal which is very simple and all maintenance requests and payments can be viewed in the portal.

Very affordable fees, will end up being around 8% annually (excluding maintenance and repairs).

I’ll keep updating for all in Denver, but would definitely recommend Real Estate Solutions in Denver as a property manager.

https://resrents.com/contact/

Happy investing!

Thanks so much for the help to everyone who posted, I appreciate the help! Apologies for the delayed response, just got back from a long trip. 

Hey BP community in Denver! Can anyone recommend an investor friendly CPA in the Denver area, around downtown or west of I-25 if possible? I'm looking for a CPA who can help with both personal (married) and business returns related to single-family buy and hold property both in CO and other states (midwest/southeast US). Preferably a CPA who also has their own buy and hold(s) and understands how to structure LLC's or other entities for solid protection and tax savings.

I currently own one rental property in Lakewood but looking to refi and add more properties to our portfolio. Not sure if I'll need a RE attorney as well, but want to start with a CPA who has a firm understanding of RE investing and can help strategize around goals/plans. 

Thanks for the help!

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $375,000
Cash invested: $75,000

We bought this home as our primary residence in Dec. 2016. We are doing a small live in flip to stay long term with kids, or rent/ possibly sell after the 2 year mark.

What made you interested in investing in this type of deal?

Great up and coming area just west of the Highlands.

How did you find this deal and how did you negotiate it?

We went up against a cash buyer but wrote a letter to the original owner letting them know we would not just be buying the house as a flip but long term hold. The letter we wrote sealed the deal. Found the deal on the MLS but had very specific search criteria and viewed the property the day after it came on market and made immediate offer.

How did you finance this deal?

Conventional 30 year @ 3.625% with 20% down to avoid PMI through local credit union.

How did you add value to the deal?

Lots of sweat equity over time! Also hired out for new electrical and plumbing. New landscaping/upgrades and exterior has all new roof/gutters, 3 windows and new paint.

What was the outcome?

Still live here and conservatively comps at $440K

Lessons learned? Challenges?

Old houses = lots of sweat equity and $ but very well built. Make sure to hire an inspector, do NOT skip this step. We knew ahead of time we would need new electrical and plumbing, so were able to budget/time the repairs accordingly.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes both a real estate agent and lender.

Hi BP Denver! 

I have a condo in Lakewood, CO (26th and Kipling) and have been self-managing for the past 2 years and no longer have the time/energy/patience for self-managing. 

Can anyone recommend a property manager who deals with condos? The condo is in a nice area (Applewood neighborhood) and is a 2 bed/1 bath and 836 SF. 

The property is rent ready.

Any help is much appreciated! Please DM if you have a solid property manager in mind. Thank you!