All Forum Posts by: Marcus Lee

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Marcus Lee

Welcome, I'm originally from Los Angeles but moved to Denver in 2007. We love it. I have clients in SoCal who are picking up properties in Denver. Let me know if you have any questions.

Marcus

http://biggerpockets.com/forums/12/topics/28960-what-of-gross-rents-should-be-allocated-to-repairs?highlight=

Sorry, meant to be a reply to AlexAronson's question.

I usually factor 5-10% based on the property condition. Better to err on the side of conservatism, so if you're not sure, use 10%.

Marcus

Stephanie and Andrew,

I'm just digging into the subject to arena and was wondering if you could clarify the process. Is there any need to put the property into a land trust?

Question on the worksheet: If I just bought a duplex for 100K, closing costs of 5K, repairs 15K., 20K down-payment, How do put that into the Cost Information section? Do I just put 100K for Building Cost, 20K for Land cost (closing and repairs)?

I thought Weekend Millionaire's Guide to Real Estate Investing by Summey and Dawson was pretty good. Great stuff on negotiating and seller carry deals. Let's network.

Marcus Lee
Your Castle Realty, Denver

Hey everyone,

I'm an agent in Denver that specializes in finding cash flow properties for investors. I'm looking for cheap properties and people who want to buy them. Let's network.

Marcus Lee
Your Castle Realty

I'm an agent in Denver looking to network with other agents in other states. If I come across someone going your to your city, I'll have an agent to send them to and vice versa.

I pride myself on my hardwork and ethics and looking for similar agents. I can especially help you if you have investors looking for CASH FLOW properties in a strong market. Denver had its downturn earlier than the rest of the nation and it appears to be coming out of this downturn. Recent article said it was one of the least risky investor markets. (Realty Times, Jan 2009). :D