All Forum Posts by: Austin S.

I have also been looking into this. I have another investor that is maxed out on his number of mortgages so was looking for someone who could offer him this. I hadn't heard of putting a quit claim deed in an escrow, but I like that idea. I am confused as to the difference between subject to and a wrap around mortgage? Could you clarify that @Brian Gibbons?

James Orr in Fort Collins ... I will message you his contact information.

Soukup, Bush and Associates in Fort Collins. Mark Soukup provides continuing education through the Colorado Society of CPAs. Very bright man.

Definitely need to pick the mind of @Mark Ferguson there in Greeley!

I am looking into this exact same scenario @Casey Schultz . I hope someone jumps in with at least a general yes or no. I know each transaction is unique!

I am looking at selling both of my single family investment properties in a package deal. The combined rent is $1,300 per month. Taxes and insurance are around $225 per month. I currently pay for city water and sewer which I cap at $150 per month. Net income therefore is around $11,000 per year. I am asking $130,000 which would give you an ROI of around 8.5 percent. Please email me at [email protected] if you want more specifics. Thanks!

I have a property that I am very interested in acquiring. My current private lender is possibly tying up all his money in another deal. The property is located in Sterling, CO. It is a single building with possibility of three separate living quarters, with a total of 7 rooms, 3 baths and 3 kitchens. It is located near our junior college and I would target college kids as the tenants. List price is $115,000 but I would like to be right around $100,000 offer. At $250 per room, possible rent could be $1,750. Is there a private lender that would be interested in taking a look to see if it is something they would like to pursue? PM me or email me at [email protected] if interested. Thanks!

@Justin Erion Welcome to BP! I think you will find exactly what you are looking for with this community. Good luck.

@Ethan Jensen if you are looking to just collect checks, maybe you could become a private lender; I may know someone who would want to discuss that with you (wink, wink).

@Ethan Jensen I am sure you probably don't desire to look out very far but in the northeastern corner of Colorado, I am getting over the 1% rent to price ratio. I currently only have 2 properties but one is sitting at 1.4 and my second one was at 1.6 but I just raised rent by $50 per month so it is now at 1.7. Might behoove you to look out a little ways, as most seem to be replying.