All Forum Posts by: Preeti Sampath

Hey everyone, 

I am looking to invest in a rental property in Greater Denver Area. I would like to hear some opinions on the following: 

I am torn if I should invest in a property under $350,000 or look at a more higher end property. I am also keen on duplex or triplex with a house hack. If I find the right multi family unit for the right price, would that be something to look at in the expensive market like Greater Denver area? (I love the 3.5% FHA loan idea). I am also looking outside Denver such as Longmont, Loveland, Dacona but am worried if these areas would make a good long term investment or good rental areas. We all know you pay for the location!

I am new investor so any feedback is appreciated. 

Thanks, Preeti

I was looking at cozy.co as well. The only thing I didn't see that avail.com had was the lease signing process. Is this correct that I would have to do a separate process for digital lease signing?

I am looking for all inclusive website where I can list my property for rent, send applications, track applications, schedule showings, sign agreements and collect rent, deal with tenant requests etc.  

I found the following website: https://www.avail.co/

Has anyone used the above? Has anyone used something similar? I am very tech savvy and with a full time job, it would be ideal if there was a way to streamline the renting process. I am not looking at this moment to outsource this process. I want to do it myself.

Thank you in advance for all suggestions! 

Preeti

Hey everyone. My husband and I are looking at a rental property to invest in. While I am reading my books, crunching my numbers and listening to podcasts, I wanted to see if there are landlords or rental real estate investors who wanted to meet up for a coffee and give us some great insight and share their experience. It's always great to network with people who have more experience!! Thanks!

Hey everyone! I am new to this website but I have been reading up on the books and these forums for my first rental property investment! I live in the amazing city of Denver but also an expensive city :/ So I have a few different questions and any insight is greatly appreciated.

1. Potentially I am looking for a 3 bedroom property under $350,000. These are really hard to come by in good neighborhoods and when they do, they're gone so quick. Any ideas for looking for 3 bedroom properties in an expensive market like this? 

2. I am planning to buy the property in cash with a loan from my family. The 20% aka down payment will not be a loan. So technically $280,000 would be a loan. But I wanted to ask if after buying the property and getting it rented, I can look for a local lender to finance my $280,000 loan so I can repay my family back. Would there be any problems with this? What kind of potential issues shall I be looking into? 

3. Lastly, I know that buying with cash makes you more attractive to the seller. Do you think this can offer an advantage and I could potentially make a lower offer than the ones with a traditional or FHA loan?

Background: 

I already own my primary residence and have a mortgage on it. My husband is not on the mortgage so I would use him to get a local lender to my family back. 

Thanks in advance. 

Preeti