All Forum Posts by: Logan Chierotti

I have personally never found having a DUNS number useful . My previous company I owned we did several million a year in revenues and profits had agencies reporting to DUNS and over 5 years history. The DUNS played no effect in getting loans or financing, banks want to see your p&l. Get reviewed or audited financials yearly, this is much more valuable. DUNS is just a big marketing scheme to get your money.

Buy, hold and never sell. The biggest mistakes I've made in real estate comes from selling homes that are now double or triple the value.

Put that extra cash into an ETF or some other investment that will generate a higher yield then your mortgage interest rate. With interest rates as low as they are your much better off investing that money. If you invest wisely the investment will keep paying you long after your mortgage is paid off.

@Shital Thakkar no one knows exactly obviously but smart money i.e. big hedge funds and REITS are buying and building multi family complexes in Denver as we speak. It all depends on your time frame, but I think if you're planing to hold for 10 plus years you can't go wrong in Denver. There is a reason for the premium on Denver/Boulder real estate.

Your grandfather is smart investor. With any type of investing the real money is made in the long game. 

Cash flow is important, but it's not as important as many make it out to be. Properties I purchased 10 years ago were making just enough to cover the mortgage, now i'm cash flowing over $1000 a month on those properties. Buy and hold my friend, buy and hold.

I'm sure many will disagree with me because of the high prices of real estate right now, but you can't go wrong in Denver. The price is high for a reason, people are moving to Colorado at an alarming rate. People have been saying not to buy in New York and San Francisco for years "because prices are too high" if you listened to that advice and passed up deals there 10 years ago your kicking yourself now.

Awesome deals, nice job my friend!

You will need to find some hard money lenders in your area. If you filed bankruptcy 6 months ago conventional financing is going to be out of the question. That being said if you have some other assets or a cosigner or locate a really good deal you can find hard money financing. Since you've had a recent bankruptcy it's going to be difficult (but no impossible) to find the right hard money lender. Your best bet is to locate some good deals and break down all the numbers in a clean concise manner to show lenders that you have a good handle on what its going to take to make $$.

Start saving money so you will be able to make a significant down payment, lenders will be more likely to give you a loan if you have some skin in the game. If you really want to do flips save as much as you can and start looking for deals. Once you establish a relationship with a lender then your set. The hard part is going to be finding a lender, just get used to hearing NO, but don't let it stop you.

Good luck and don't give up