All Forum Posts by: Neil Butterfield

Thank you everyone for the wonderful advise shared here. I have been out of state and off grid for awhile. I am not opposed to STR, I have two of them currently in Lafayette Louisiana (my wife's family is from there). I would like to find property in Colorado, mainly because it is a growth market. STR might be the best option given the current market. With rates going up to 6 to 7% doing a traditional BRRR model in Colorado may not be feasible. I am young in my investing career so I do not have much experience. I am a business owner in Colorado, and it sucks up most of my time, but it has afforded me the luxury of some capitol. I just need to be smart with that capitol.

Thanks again all...!
 

So, I am in the Colorado Springs area, is anyone else finding it  very hard to locate deals that make sense nowadays? With the high interest rates and house prices it seems almost impossible to find deals that cash flow. Is this the same in other markets?

Thank you everyone for the reply's! Looking forward to networking. 

Thanks Spencer. Would love the introductions! I am traveling to Lafayette the second week of December to close on Grandma's house. Employment is weak, agree. It is so heavily linked to oil prices in Lafayette. That does concern me, not sure how to navigate that!

Hello, My name is Neil and I live in Colorado Springs where I run my own manufacturing business. I own 2x 10K foot buildings that are leased to the company. I have just purchased my wife's grand parents home (now deceased) in Lafayette Louisiana where my wife grew up. All her family still live there and so we make several trips back to Louisiana per year. The housing market is a lot lower than CO right now so I am interested in buying additional properties in Lafayette, LA.

I am not new to business but I am new to real estate investing. Granma's house will be an Airbnb deal so we have access to it when we visit family. 90% of the mortgage is covered by the attached mobile home park of 10 units (land rent only) and a small two bed rental house that is part of the property. I feel good about the purchase, but would like to buy additional properties. House are a lot less expensive there than in Colorado, so my risk/exposure feels a little better. 

I am very interested in the BRRRR Method, although I have a ton to learn I am looking forward to getting into the property world....!

Hello, My name is Neil and I live in Colorado Springs where I run my own manufacturing business. I own 2x 10K foot buildings that are leased to the company. I have just purchased my wife's grand parents home (now deceased) in Lafayette Louisiana where my wife grew up. All her family still live there and so we make several trips back to Louisiana per year. The housing market is a lot lower than CO right now so I am interested in buying additional properties in Lafayette, LA.

I am not new to business but I am new to real estate investing. Granma's house will be an Airbnb deal so we have access to it when we visit family. 90% of the mortgage is covered by the attached mobile home park of 10 units (land rent only) and a small two bed rental house that is part of the property. I feel good about the purchase, but would like to buy additional properties. House are a lot less expensive there than in Colorado, so my risk/exposure feels a little better. 

I am very interested in the BRRRR Method, although I have a ton to learn I am looking forward to getting into the property world....!