All Forum Posts by: Ryan Williams

@Caroline Kennedy There are a couple of local lenders that offer these. Some of the credit unions offer them, but more and more have not offered Helocs on investment properties after rates increased. I was exploring the same options and Canvas Credit Union does them locally and provides a decent rate. Like @Tony Severance is offering, most will only allow you to go up to 75% Loan to Value. I'm trying to find ones that will do it in the 80-85% range but haven't had much luck. 

I love how @Ashley Hamilton is promoting equitable housing, thinking of the people living in the properties as their homes, rather than just her bottom line, and taking on the (wrongly) stigmatized niche of Section 8 real estate. It's my hope to do a version of this in the future and Ashley is setting an example of how to do it and still be successful. 

Love her 4 step process to analyze deals. Super helpful!

Here in Denver it's definitely a different market and getting creative with STR, creative financing, good exit strategies, house hacking, flipping/adding value is how we get creative to make the market work here! Definitely can find opportunities on the MLS!

Hey all, 

I'm a Preferred Agent with Bigger Pockets and I have a weekly list I send out with great house hack deals in the Denver metro area. This week I am sending out a list of homes that I have researched that have assumable loan options. Most of these were purchased or refinanced between 2020-2021 so they have interest rates between 2%-3.5% where today's interest rates are 7%+, that means huge savings and a great way to get a killer deal in today's market! 

DM me with your email/contact info and I'll get you added to the list!

Hello everyone, 

I'm in Denver, I have an investment property here with some good equity in it, and I'm looking for an 80%+ LTV HELOC on that investment property. Anybody find that to be possible or have recommendations on local/national lenders that would do that? Thanks in advance!

This is so exciting! I'm looking for an off market property for our next primary house hack, I have a rental I'm turning over currently, and I have a flip under contract, so I'm about to put all of this to the test lol 

Love it!

@Colton King house hacking is the best way to get started in RE Investing in my opinion. It is one of the least risky ways to get your first property. You get landlord experience, you learn how to run numbers, you learn to maximize a property. It was a huge catalyst in our investment journey because it paid the mortgage for us and allowed us to save towards other goals. I'll send you a dm, I'm happy to help share our experience! 

Also, here is a blog I wrote for Bigger Pockets about house hacking, I hope it's helpful!

Hello all! I have a weekly house hack email for the Denver Metro Area that I send to clients and for people keeping an eye on the market. I include properties that would be great for house hacking such as homes with more bedrooms, separate entry to a basement/mother in law suite, small multifamily. I also include highest and best use income estimate for the property while someone would be living there. 

When you are looking for potential house hack deals, what is the info you are looking for? What criteria do you think is most important for a house hack property to be judged as a "good deal"? What do you think would be helpful for me to add? 

Also, if you would like to be added to this list please DM me! 

Hi @Veronika Wojakowska - I would recommend doing the whole house and put on all the major platforms as Paul said above. Renting each room individually can get tricky with the listings - if you have access to some direct bookings it can be nice profit wise but more involved to navigate. 

I'm an agent and a short term rental manager here in the Denver Metro - if there's any way I can help out or if you have other questions I'm happy to help any way I can!

Hey @David Streben, everyone else has given great advice here. I agree with @Conner Olsen that house hacking would be your best first option, especially if you are looking to buy here in Denver. My wife and I house hack here in the city and it's given us a ton of flexibility with finances and now we have the option to buy our next house hack and buy out of state as well. 

It's hard when you first start out (and I'm still at the beginning stages too) but you have to keep the long term in mind. What is going to be the best property 10, 20, 30 years down the road? Yes you can go to some of these cash flow markets and make $400 a month in cash flow, but it will take a long time for those markets to give you serious appreciation and return. Denver is still a lot more likely to appreciate and give an asset that will give you options in the future. My advice is to get a house hack deal here in Denver, let that property start growing some equity and paying for itself, then you have the option to buy out of state with the extra income you have in your budget or look for your next house hack in Denver! 

@Dixie Larson I echo what the others have said above! You can rent out a property in the winter, I did it last year, - set it up for an 18 month lease so it would renew in spring, but the tenants just notified me this week they are going to break the lease at 1 year 🤷‍♂️ so I'm listing in November again lol I do think you get a little less than peak price in the spring/summer, but like @Jeff White said, it's better than vacancy!