All Forum Posts by: Nick Miller

Nick, welcome! Also originally from Jersey and while there are a few things I miss from back east, also extremely happy to be here. Would recommend you check out the house hacker meetup tomorrow 5/12 at Oskar Blues. I may be there, but you will meet a great group of people who are in various areas of investing (ie short term/long term/etc.)

Jeremy, thank you! The bagels and the pizza are among the things I miss from the east coast (besides my family, of course!) So happy to be out here though, a lot to explore and love.

I am definitely going to be there tomorrow! I saw the meetup a few days ago and knew that it would be a great place to start, especially to meet others, like yourself, who are farther down the path that I am. I appreciate the support!

Thank you!

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Quote from @James Carlson:

@Nick Miller

Welcome to real estate and welcome to Colorado Springs! (The city is getting better every day. Lots of development downtown and on the north side of town.) No market in Colorado is fantastic for cash-flow, but that doesn't mean you shouldn't buy something. I'm guessing you're in your early 20s, so for you, time is the ultimate friend. You could buy totally "wrong," and still do better than anyone who bought "right" but didn't start until their mid-30s.

Not knowing anything about you or your situation, I'll throw out a few thoughts on starting out.

First off, don't overthink it. Listening to the podcast is great, but the more you listen the more you can think you don't know everything you need to know. That can lead to not taking action.

I think some kind of house hacking in Colorado Springs is the easiest way to get started. There are different types. If you're open to taking roommates, then find a 4-5br house, live in one room, rent the others for $800 a pop, and you likely live for free or even cash flow a bit. Move out after two years, rent the room that was yours, and then repeat the model at a new house. In a few years, you can have a few properties.

Or, if you aren't into the roommate thing, then find a duplex or a property with a separate rental type space. A lot of our clients do this. And then you can Airbnb/short-term rent the separate space ... be it a basement or a carriage house.

Whatever you choose, I wish you the best.

Hey James, This is awesome! I am definitely leaning towards the house-hacking path to start out. Just like you said, it seems to be a great starting point. I have been thinking a lot about the idea of living for free, using that method, and how that would positively impact my situation and allow me to free up some time (maybe not at first). Regardless I am so excited to be on this journey and in a community where people like yourself are so welcoming.

Thank you!

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Quote from @Michael K Gallagher:

Hey @Nick Miller welcome to BP! Its the best place on the interewebs! I'm not in CO springs though, so if you are eve in central OH coffee is on me! congrats on deciding to take some action you've already made it further than most people. If you have any deal underwriting or house hacking questions I'd be happy to help!

Hey Michael, My grandparents actually live south of Toledo, so chances are I will be around there sometime soon! I'll make sure to reach out. I appreciate the support, truly!

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Quote from @Joseph Guzzardi Jr:

@Nick Miller hey Nick welcome to BP. Love the energy. Happy to be a resource for any Qs as an investor agent in the 2-4 unit space in NJ.

Hey Joseph, I truly appreciate the support. I'll reach out with any questions, definitely a lot to navigate in this space!

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Hey All!

My name is Nick Miller. I just graduated college last year from CU Boulder (Sko Buffs!). I am a New Jersey boy at heart and have always been entrepreneurial-minded. I have always been interested in Real Estate investing, but never took took the deep dive that I am now. I swear I have been addicted to the BP Podcast for the last few weeks, learning everything that I can. I know at some point though that I have to take some action, which is why I am finally here looking to connect with y'all!

I look forward to getting to know you guys!

-Nick

P.S. If you are in the Colorado Springs area, coffee is on me!

6 Votes

All Forum Posts by: Nick Miller

Nick Miller has started 1 posts and replied 6 times.

Post: Brand Spankin new to REI! Would love to connect!

Post: Brand Spankin new to REI! Would love to connect!

Post: Brand Spankin new to REI! Would love to connect!

Post: Brand Spankin new to REI! Would love to connect!

Post: Brand Spankin new to REI! Would love to connect!

Post: Brand Spankin new to REI! Would love to connect!