All Forum Posts by: Kevin Grinstead

Hi Dan, I saw a few opportunities in MLS recently for duplexes one of them was in Lakewood and the others are in Denver. There are also many places that are zoned for multiple units but may not be set as a multi-unit. These can be some jems that allow for upgrades to make it a duplex or a sfr with an accessory dwelling unit.

Hi Joelle, I would love the opportunity to work as an agent for you and I have a connection with a great property management team. Right now with the growth in Colorado, you can get affordable rentals up north in Northglenn, Westminster, Brighton and these neighborhoods are also showing growth in accessibility due to the light rail expansion. I would also look in Lakewood. There are some great opportunities there and the popularity is growing. 

Yeah, I realized I typed it wrong but it did not allow me to change it. I'll let you know if I find something. 

Under 300. 

Hi All, I have a client who is looking for a duplex in the Barnham area of Denver. (Federal and Alameda area). Ideally, they would like 2 beds and 2 baths on each side.  They have no problem with making most repairs on the house and would love to be able to close by the end of the year.  Let me know if you have one or know of someone who would like to sell. 

Thanks, 

Hi Koltin, There are many options for becoming a Real Estate Broker in Colorado.  I took the online class which was very inexpensive and took the test once. Paying for the license is like $700 dollars and then it depends on which brokerage firm you choose as to how much it costs up-front. In Colorado, you are required to be under a managing broker for at least 2 years. I am with Keller Williams and for new agents to learn the industry and set themselves up for success they are one of the best.  Let me know if you would like to talk to the managing broker about the options. 

Hi Tek, 

Right now there might be some good options even on the market. Let me know if you want to get direct emails about what is on MLS.

Thanks, 

Hi Ed Allen, 

Depending on your price range and the neighborhood you want to be in there are a few duplexes and quadplexes available.  I have been looking at two in the west denver/lakewood area that are priced around 300k. There are other options available in other areas as well.  There at least 30 Duplexes currently available in the local area in Denver and surrounding cities. 

Hi Troy. A lot of how you look at profit is how you are going to rent out your property. A creative way to use your house is to finance it and pull some money out to use in the purchase of another home.  

If you use a property management company, they will charge you between 8-10% a of the rent collected and you will want to set aside some of the rent for future expenses - Months that you do not have a tenant,  repairs that need to be made to the house, and insurance.  Based on the condition of your house and if you are not using a property management company you could profit as much as $1400 a month or as little as $1000 a month if you are renting the whole house out.  

If you could leverage equity in this house to purchase another rental or even a duplex you could then have potentially 3 rents coming in or you could at least add one more rent.  

Hi Chris, I would look in Lakewood, the west Denver area or Northglenn area.  It might be beneficial to purchase now while there are less buyers and a little less competition.  In the summer months here real estate gets even hotter and bids are flying everywhere.  Once the North Denver Light rail is build and opened it should continue to add value to the North Denver Suburbs.