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All Forum Posts by: Matt M.

Matt M. has started 44 posts and replied 2365 times.

Post: Getting started in wholesaling

Matt M.Posted
  • Realtor
  • Denver, CO
  • Posts 2,518
  • Votes 1,277

It can be done, but most fail. It takes knowledge, MONEY, organization, and the ability to CLOSE.

You are competing against companies spending $10k+ on marketing, etc. Keep that w-2 job for now. Talk to everyone in your sphere to see if they know anyone that needs to sell. Drive for dollars, and FOLLOWUP. Your money is in the followup. 

If you find something, let me know. I'm a cash buyer.

Post: New Investor Looking for Mastermind/Accountability group/person

Matt M.Posted
  • Realtor
  • Denver, CO
  • Posts 2,518
  • Votes 1,277

Denver isn't that bad if you know where to look. Have you considered townhomes/condos?

Post: Need advice on best use of rental property equity

Matt M.Posted
  • Realtor
  • Denver, CO
  • Posts 2,518
  • Votes 1,277

Money is cheap. I'd leverage up. Don't be afraid of Section 8 tenants. I'm getting $1950 on my section 8 rental in Denver. It could be $2k+; It's a 3/3

Post: Growing the Colorado portfolio

Matt M.Posted
  • Realtor
  • Denver, CO
  • Posts 2,518
  • Votes 1,277
Originally posted by @Royce Moriarty:

@Matt M. What type of cash-out refi's are using to pull your money back out? Conventional after 6 months of seasoning? I have most players in place but am looking for the right lender to cash-out once my first Colorado BRRRR is complete.

 Technically I use a "rate and term" refi. 

Post: Advice/Resources to Get Me Started (again)

Matt M.Posted
  • Realtor
  • Denver, CO
  • Posts 2,518
  • Votes 1,277

I think figuring out the financing piece would be a good first step. Then you can see where you need to be financially to invest in your own property. Depending on your cash, you could look into doing some short term lending, investing in partnerships, etc. 

The markets have gotten quite a bit tighter and people are buying here for appreciation now and barely cash flow. 

Did you source your own deals? If you can do that, you'll find the money.

Post: NEWS: City of Denver Debating Regulations on Unrelated Adults

Matt M.Posted
  • Realtor
  • Denver, CO
  • Posts 2,518
  • Votes 1,277

Edit: Where are these properties? "

  • 3) The 20% of properties still governed under Chapter 59 (The 'old zoning code') are not covered by this change"

Post: New Landlord Having Trouble Finding Tenants In Boulder, CO

Matt M.Posted
  • Realtor
  • Denver, CO
  • Posts 2,518
  • Votes 1,277

Price is too high. Get professional photos as well. Check out get a walk through dot com. 

Also, allow dogs. Everyone has a dog here. Even dogs have dogs... Don't call it a pet deposit. Call it a fee. A deposit is returned. 

Post: Looking for New Construction in Denver Metro

Matt M.Posted
  • Realtor
  • Denver, CO
  • Posts 2,518
  • Votes 1,277

There are some decent "affordable" homes IF you qualify. 

Management will kill your CF in the mountain towns. I'd avoid going further South than Breck. It takes to long to get to Alma/ Fairplay. I'd look in and around Dillon, Frisco, etc. You might checkout Winter Park as well. 

Post: MFR in Denver/Aurora, CO or San Antonio, TX

Matt M.Posted
  • Realtor
  • Denver, CO
  • Posts 2,518
  • Votes 1,277

I can't speak for the SA market, but Denver has been going very well lately. The process is fairly straightforward and easily repeatable once you get the hang of it. 

With any partnership, make sure you verify what you are being told. Advertising that amount will surely bring you good and not so good attention.