All Forum Posts by: Mike Regnier

Yup, the price point of a tankless water heater is higher. But, so is the house I'm flipping in the Old North End. It is a great selling feature; as if a house in that hood really needs one. Yet, the cost can be regained in the sale. Let's face it, what's the difference of $2k when we're talking over $600k? That targeted consumer will pay for the convenience of an hour shower/bath. Besides, these days an energy efficient home is more attractive than an identical looking home with replacement parts. 

Here's one for the Conservationists.

Is a Tankless Water Heater a good selling feature and cost effective for a Flip in the Old North End?

 Logan - You seem to know a lot about grass but nothing about colorado rivers and water tables. I don't mean to be brash here but, The Colorado River is on the Western Slope of the Rockies and its tributaries are nowhere near Denver.  Besides, Colorado's water table is at 105% (over all throughout the state).  Denver is not on water restrictions.  That said, the weather may change here in Colorado (Global Warming) and we may have a high fire danger season this summer.  But buying the right grass for Colorado is important.  A good Kentucky Blue Grass mixed with a Fescue has worked for the properties I've re-sodded.

Just sayin'.

Thanks Bill. Will do. 

Hey Megan,

I'm basically in the same boat. I have a condo near Chatfield Reservior. It has a lot of equity but is a rental. A credit union I talked to will only do a 70% LTV, because it's not my primary residence.

Please let me know what bank you find. 

Thx

Mike from Monument

I'm a retired Army Aviator looking to grow my Real Estate Investment Portfolio. In the past year I've flipped a couple of houses in the Denver area with my partner and sister at Rebel Property Solutions, LLC. We are looking to build a team of professional Contractors, RE Agents, Lenders and other Investors. We bring the value added integrity to all the relationships we develop at Bigger Pockets.