All Forum Posts by: Luke Burgess

just for Denver investors? I am in SE Wyoming. 

I would love to find a duplex for 85k! Seems like a good deal.

Hey Andrea

Good luck trying the Fort Collins area. I live an hour North in Laramie Wyoming, and I have to agree with Dan. It would be a hard area to do much in right now. My wife's family has lived there since it was still prairie. It has grown so much, so fast.  I don't think Fort Collins is a great investors market right now, Laramie still has some opportunities.  Also if you come to Fort Collins soon, make sure you visit Snowy Range Ski Resort in Wyoming! I am a ski patroller there and the snow has been great!

I love this discussion! My parents raised me the Dave Ramsey way, NO DEBT! But reading Rich Dad was a " a ha" moment.  It comes down to Debt on Assets and Debt on Liabilities. If you get credit cards make sure you pay them off every month and good luck. Oh, make sure you wife is on board with what ever you choose. 

Love the floors!  Nice job

Thanks for the imput Bill

The properties are not over priced... but they are reatail priced. They will all cash flow anywhere from 100-700 a month.  

He has been selling of houses one at a time for a while and is in no hurry to get rid of them all. I approached him with the offer to buy.  I buy no means have to buy them all, I could just pick the ones I like to buy.  

Rentals don't scare me...that much. I have some reserves if things get a little sideways. 

I just want to make sure I do my due dillagance and being my first deal I am not sure all the questions to ask the ower or myself.

Thanks Bill

Hey guys

First time posting here and new to this site. 

Here is what I am working on and I would love your thoughts. 

I have been talking with an investor who owns 20+ houses and he is getting tired of being a landlord. I have started talking about buying some or all of his properties.  He would finance the deal possibly with no money down.  All houses are rented and many have long term renters. The rental market here is strong.  If you could do a deal on 20+ houses with no money down, would you?  This seems like a good deal to me but what am I missing.