All Forum Posts by: Keith Howes

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $583,000
Cash invested: $35,000

Denver STR airbnb.com/h/cute-denver-5bd

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $112,000
Cash invested: $30,000

Primary residence turned rental

My family and I are looking for a primary residence with the plan to rent it out after hopefully 5-6 years. The house we are considering is a new build 3bd/2.5ba in Lochbuie/Brighton Colorado which is a growing area with decent rent growth 4.8% MoM currently we think we could get $3,600/mo. if we finish the basement ourselves idk $30K? estimated PITI is $3,900. We are choosing new build because A) our family 4 has a certain size demand B) the price-quality ratio doesn't seem to make sense when considering a preexisting home C) with interest rates being at near 8% with preexisting homes, builders are offering 5.99% interest rates and the exact home we are looking at is about $75K discounted because it's a spec home and the builder doesn't want to pay taxes on it.

So, live in it for 5-6 years hopefully rent it out with a fully finished basement for potentially $4,200 in 5-6 years. No STRs according to the HOA.

looking at this from an investor/family man lens what pitfalls am I missing? I don't know how to tell if finishing the basement is worth it? personally I want to add 1 bed and 1 full bath and make a large, finished gym. but should I add another bedroom and have no gym? or don't even worry about renting it out? What would a REAL investor consider in this situation? 

I have 2 rental properties one LTR and one STR I'm hoping to be under contract on my 3rd in the next month or so. my 9-5 is in commercial construction.

I'm pretty sure you can write off the bootcamps. If so how do you do that? does BP provide a receipt to give to my CPA? I can't find my receipt in my emails just wondering if anyone else has done this.

first time using rentredi. i have prospective tenants a boyfriend and girlfriend with separate bank accounts. when applying for the unit it does not let them link multiple bank accounts or let mutiple people be on the same application. is this common with all applications or am i missing something? 

just hit the list it button on RentRedi and feeling super proud of myself just wanted to share and look for some feedback!

RentRedi

Ok the year is 2023 and still no definitive winner of the door lock debate. Looking for automatic door locks

need some insurance quotes for a property in the largo area. non flood zone 

I can't wait this will be my first meetup!