All Forum Posts by: Kevin Grinstead

Hi Brady, Welcome to BP. I live.in Frederick, Co. I work with a lot of investors in finding the right properties and starting their investment journey. The market up north is a little unusual but the prices are a little better than what it is down in Denver. 

As for funding, I would look into a Self-Directed IRA or eventually making an S-Corp. Many people create individual LLCs for each flip.

Good luck and happy investing.

Hi Corrine, if it is a safety net you are looking for, can you apply for a heloc or maybe refi and pull a little equity out? 

Hi Corrine, I think the best bet would be to make a sale. With the profit from the house you could get settled and then maybe buy a new rental in a place where you can get great returns. 

I think it would be important to include this piece. If you could get a great monthly income in a different locale then you are not really getting rid of the rental but geting a rental that can give you money to live off of as well as helps put you guys in a better place.  

As a numbers person, if I knew that I could invest somewhere a get double digit returns and be able to pull the equity out of the home and make your current situation better, I would go for that. I am not sure what your rental currently nets you each month but it sounds like it is not enough to live off of. As a parent of three small kids myself, I would do what I can to make their life easier. 

Good luck with your plans. 

Hi Tom, Colorado is an excellent place to be. Contractors are a challenge here because we have so few good contractors and there are so many big jobs. Another way to meet them is to find meet up groups with investors/contractors and also the other investment group. 

Hi Eric, welcome to BP. Do you have money for a down payment? If not, a cash out refi or even a heloc on the first property to get the sown to peuchase the second is a good way to go. I would be on the lookout for a duplex or triplex that you could live in one and rent the other parts. This would give you more purchasing power and also more ROI on your purchase. Depending on your interest rate your refi might actually help reduce your mortgage payment and increase cash flow.

If you sell it outright, I would absolutely get a duplex or triplex so I can at least have one rent comming along with my own residence. 

Hi Jamie, I would love to meet and interview to help you. I have worked with several investors and I am a numbers person so I can help you qor the numbers to see if it makes sense. I have worked with buy and hold clients as well as fix and flip clients.

1800 got Junk will get most of the stuff out for you. 

Hi Audrey, welcome to BP. San Deigo id nice. I lived there for about 4 years before I had to move back to a place with all four seasons.. LOL. 

Most of Colorado is appreciating and there are some great businesses and development happening where you could get a great. Let me know how I can help. 

Hi Mark, welcome to BP. I live up north, in Frederick and would love to have coffee and see how I could help you with your plans. 

I agree with Matt, if you want to command the most rent then take good pictures. Virtuance also does a great job with pictures and 10 hd pics is like 99 dollars. 

If you are thinking about selling, let me know and I can pull some comps and see how fast the sales churn is in the neighborhood.