All Forum Posts by: Liz Daigle

If your are a lessor and your financing is not backed by the government, do we still need to relay this to tenants? I'd assume, we would yield to all of the state mandates? (Polis suspended evictions until end of May currently).

To answer your question of calling or not, I would definitely call. You have nothing to lose and I would stay in front of him. I, personally, would get him chatting about what he thinks the home is valued at before offering a price. In the end, it is a dance, but either way I would stay in front of him. :)

Congrats to you! I think you need to take time where you can find it. 7 AM to 10/11 PM is a long time to be available. I think it is totally appropriate to put parameters on that, although, I think limiting your time to M-F 9-5 would limit a lot of business. That being said, I think this career can be a great one with kids as it allows you to stay home during the days. Get involved with other parents with kids and lead generate!!! :) 

@Josh Hawkins Good for you! Denver is a really tight market right now, although, if you are from Boston, you know a competitive market. Three years ago I moved from Boston/NH to Denver. House hacking seems like a great idea for you as you will need a home and it is a great way to make income and enjoy the appreciation of the Denver market. Whatever you do, you will really need to run the numbers since Denver is a tight market. What you do really depending on your financing, etc. Feel free to reach out further, if you would like. You will love Denver! 

Tina,

I would just start the dialogue, whether you call or knock on their door. I would get them to start talking first - what are they looking to sell the home for, how motivated are they to sell, where are they going? They may be really excited to sell to a neighbor and if there are no real estate agents you could save them money. If the home doesn't have any information on Zillow, such as the zestimate, look at what other homes have sold in the neighborhood. If you still have a hard time pricing it, ask a real estate agent. Depending on your state's laws, the agent might be able to represent both sides (still saving the seller money). Let me know if you need more help and good luck!!!

I am in a similar boat (live, work and invest) in Denver and am starting to think I need to invest out of state. You seem much further along than I am, I don't have a short list of cities yet. My two cents and a not fully formed thought....  out of your list I would stick to Detroit, KC, Cincinnati. If I were to invest out of state, I would stay in the midwest. The one random thought I keep coming back to for this justification (other than that is what a lot of investors are telling me) is what happened with the 2017 Presidential election. Not to get political but I think Clinton  (along with many others) really overlooked the midwest and how it has not bounced back from 2008 as quickly or at all. I think this has been an oversight for awhile and a lot more attention will be put on the midwest cities in the upcoming years. This would present an awesome opportunity for appreciation if more resources are devoted to building these midwest communities and infrastructure. Best of luck and keep us posted! 

This time of year is hard and I agree about the pictures. If you don't want to spend $100, consider running the current pictures through https://www.boxbrownie.com. I have done it in the past in a pinch and they came out decent (better than the photos I took). 

Have you considered traveling nurses? A co worker of mine has done that in the past. He reached out to the nearby hospitals and they would place traveling nurses there for a number of months. Just a thought. 

Not that this helps but I recently read this article. https://www.wsj.com/article_email/a-mile-high-buil.... It basically validates what you are saying are your issues. High(er) end apartments are harder to rent currently with so many new complexes going up. 

Good luck! 

@Derek Hutson Denver is hard but there are deals out there, especially this time of year. I know you said multi family but if you consider a single family home, take a look at northglenn and/or south of 136th in Thornton. I bought a property on 136th and Colorado in May and cash flow $800 a month. I looked for a bit and just couldn't get the numbers to work in Denver.  I also self manage.

@Nick Cooley Congrats! Those are some great numbers for Denver!! What neighborhood are you getting that return on?  

One of my rentals is a block away from an elementary school and I have to agree with everyone else - it has been a total plus. It attracts small families that want to be able to walk their kids to school. Good luck!