All Forum Posts by: Kevin Grinstead

Hi James, Based on my research with zoning the kitchen probably would not be a problem with the city. The separate entrance might be if the property is zoned SU. (single Unit) The TU zoning (Two-Unit) is permissible to have the property be a duplex and have separate entrances  to assist in renting. 

Yes, It has been reported that Fannie Mae and Freddie Mac are going to change DTI requirements to 50% instead of 45%

Hi Lashaw, the Boulder program is based on income limits and the challenge with their orogram is that you don't gain equity in the house and the house has to stay in the program. 

There are some condos in certain areas or you might be able to find a house a little further out. 

Check outlying areas like Dacono, Ft Lupton and Lochbuie.  

Also check with your lender to see if any of the changes in lending that are occuring at the end of July will help to bring up your purchasing power. 

Good Luxk and Happy Investing. 

My suggestion is to find an investor savvy and investor friendly realtor that can see exactly what 60k can do for you in the area. If you are able to house-hack, the 60k vould go a long way. Most lenders will want you to put 25% down on an investment property that you are not living in. 

If you want some suggestions for Realtors in the area, hit me up. 

Good Luck and Happy investing. 

Hi Nick, welcome to BP.  If I was in your position,  I would take your assest and look to purchase a few 4 plexes where I could be close to them and have separate assets. You can have diversification and economy of scale together. You would also learn a lot from the MF sphere while still being in your comfort level.  

After working with the MF's you can get now then your net worth would increase and give you more opportunity for a commercial deal down the line. 

Another strategy here in Colorado would be to see if you could find an apartment building that could be converted to Condos and then you can rent some and sell some for a profit.

Hi Mark, Welcome to BP. There are some great forums and discussions that can really help you move forward. Aurora is a decent place to get a rental or two. There are other neighborhoods in Colorado that can cash flow better. Colorado Springs is pretty hot with some inexpensive properties and favorable rents.  

Check out the neighborhoods in Aurora carefully for the right investment if you choose to go that route.

Try Nathan Hawk. He is a good independant. 3039814590

Hi Kevin, The MLS will get you some profit. There is another person I know who partners with a seller to rehab the home and then they split a portion of the profit with the seller. The process takes a little more time but since you are both invested in the process and you both make a profit at the end it can work.

Putting it on the market you might get investors fighting over it or homeowners that will fix it up and you might get more than it's value now but if you partner with someone else to get the work done you might have the buyers clawing at each other for the higher end property.  It also depends on when it can get back in the market. In my experience, Colorado buying slows downs some in the winter and prices stabilize a little bit. 

Hi Carson, Welcome to BP and Colorado. There are several meetups for investing and investors. It is a crazy time in the market but I believe that if you and your agent work hard they can find something that works for you.  

Good Luck and Happy Investing. 

Hi Matt, looks like it would be a great time to see your project. Unfortunately, I don't work on Saturdays. I would love to check it out some other time.

Hope lots of people show up and learn from your example.