All Forum Posts by: Ian I Leinwand

I live in the area and have mountain property. Im interested in learning more about the property. Would you pm me the address. I can also reffer you to good agents and contactors in the area. 

Atlas roofing out of Loveland. Premier is also good choice. 11k seems really high unless you have lots of decking that needs replacing or multiple layer to remove.

Looking for CPA recommendation in Fort Collins CO. Must be familiar with real estate, property managment, ROBS, 1031, and business valuation. Thanks

Where in CO are the properties?

Thanks for the reply... could you post a brief class outline and the link to your website. 

I'm local to Fort Collins and have a few rental properties. I think about your question all the time. 

Trying to time the top of the Fort Collins market to maximize your return vs Having an opportunity for a higher yield investment are two different questions.

The Fort Collins rental market is strong and I think will remain so for single-family homes. For real estate, I've heard projected property value growth leveling off around 3% a year up to end of 2019. If interest rates continue to rise and wage growth remains stagnant, I've seen predictions for a downward trend in property values for Denver, Boulder, and Fort Collins between 6-10%. So holding the property is pretty risk averse especially if you got in before the jump in home values we have seen the last 3 years.

I have friends who run a property management business in town and they are seeing more investors sell their rentals than in years past but they have plenty of other people investing in rentals in the area to make up the difference. 

A cash-out refinance or equity line might suit your needs. 

I'm interested in attending but my schedule is tight. Is this class recorded and available online?

Hard money rates average 10 to 14% and 1 to 4 points. Depending on duration and risk to lender. Good for short term bridge to traditional financing. 

Syndicating your deal maybe a better option. Im not sure you will find any lender to give a loan on an investment property for less than prime plus 1% and 20 to 25% down. 

As an agent do you have any relationships with local lenders who can advise you on options. 

Sounds like FHA is not the right fit for multi family purchase. I also dont see may multi family properties for sale in Fort Collins. I have used private hard money loans to make cash purchases of rental properties and then refinance to conventional after 6 months to a year.

Initial purchase. Would be cash deal. I can hold for 90 days and then would refinance to buy out my cash investor if kept as rental. What would be a reasonable return on a wholesale deal. I would potentialy wholesale it to my real estate agent and they would put the $15k in for repairs and they would list it. I would carry the note for 90 days. Thanks