All Forum Posts by: Linh Lynne

I am an investor by hobby and IT consultant by career. Toilets and Tenants is a great facebook group that will help answer local regulations and the person who runs has recurring monthly meetings with guest speakers on local regulatory changes.  My advice to you, get your real estate license through an online real estate school if you plan on investing in Colorado. It will save you tons of money. 

@Tom Holleran I have been looking for four months now, I can't find anything in the 225K or 250K price range that has some moderate update. Everything is pushing at 300K range. I am about to give up and look elsewhere or leave the KSC market all together. Seems like I came too late in the game?

I am trying to assess what factors would cause OP to not appreciate. Having lived through 2009, I've learned buying in high demand area is a good way to help weather the downturn; with low interest rate, you can patiently wait for the market to bounce back. Seems like most of the growth is taking place on the Kansas side of KSC.

Looking to hear from investors in Johnson County. What's your overall experience renting in Johnson county? I have been focusing in overland park, Olathe for A properties with good schools. Seems like B and A classes don't provide high cashflow after operating cost.  My strategy is buy and hold for appreciation, quality renters, and turnkey properties. This market is new to me so I am a little nervous. 

I have been looking for class A property in Johnson county and currently using a local agent/property manager. It's very competitive for turnkey properties. Strategy is go in with cash and refi using delay financing if you don't want to pay 10%  over asking.

I have been looking for class A property in Johnson county and currently using a local agent/property manager. It's very competitive for turnkey properties and locations with great schools. Strategy is go in with cash and refi using delay financing if you don't want to pay 10%  over asking.

@Melissa Robbins I am also in Denver. I just went under contract for a property in overland Park. Should love to connect and chat with you about your experience in the market. I just started looking this year. Man, it has been competitive. 

In general CO mountain properties are too expensive to generate the ROI you want, especially in Summit County. If you brought 10 years ago, you can make money with Short-term/long-term rentals. For $450 you can get 3 bed/3bath condo in Grand County and maybe find a fixer upper house. In summit, its about $100K higher. You're dealing with 6 months rental with room mates situation due to seasonal workers. I would look in Colorado Springs area, that area is increasing at a potential rate but still affordable. CO real estate is moving south. I am a licensed realtor/investor/resident of 20 years.

Your father could start a Trust and making you the Trustee. Quit claim the trust as the beneficiary. For investment...create LLC, quick claim the property to LLC, create the LLC as you as member and designated agent, amend the article of organization to transfer your father rights to the Trust should he pass away. I would advise speaking to an attorney to get this set up.

I would recommend hiring a good property management company. It eats into the profit but removes you from the headaches.