All Forum Posts by: Sara Mickelson

Hey @Mibin Joseph

Im in Loveland have a few solid contractors. I will DM you for details. 

How does your STR do in this area? I only have LTR that both cash flow ~300/m but have seen incredible appreciation.

@Nicholas L. New strategy may have been the wrong descriptor. I want to expand my strategy to try some new things, like a flip. 
I have the desire to try one but would need to take a hard look and talk to people in my network about the reality of time demands. 

@Kevin Pillow I’m so glad you mentioned this. I wasn’t even thinking of this as an option. Definitely something I’d like to learn more about as I know next to nothing about the commercial side of things. 

@Jeff S. thanks for your input. I do have great peace of mind right which has value!

@V.G Jason It seems like it would be wise to diversify my portfolio and have some higher cash flow properties in more affordable markets. I see what you’re saying though with staying the course. 
The numbers just don’t work in my area anymore but I want to keep growing! 
Thanks for your reply. 

@Joe Villeneuve the numbers aren’t against me they just don’t have high cash flow. One is on a deed restriction so I have to hold it for 20 years or else I pay a percent back to the city. The other cash flows 300/m which in my area is actually pretty good. 

@Joe Villeneuve there have been days where I’ve seriously considered that but I’m set on keeping them long term and going with a private lender to move forward. Thanks for your input!

@Jay Hinrichs great reminder. At this point I’m wondering… what’s the next best strategy to keep moving & growing while holding on to my two stable properties? 

Thanks for the advice!! 

@Ricardo R. thank you for the detailed response!! You’ve given me lots to consider. I really like the advice on looking for c+ b- properties in B+ or A neighborhoods. 

This was indeed a broad question and I think that’s why I feel like I’m struggling because I’m not sure what to focus on next. Really appreciate you outlining some examples. 

Hey all,

I have 2 long term rentals in Colorado that I got for appreciation purposes - don’t cash flow much.

Now, I want to focus on cash (rental income, flips, etc.) If you were me, where would you start?

I’ve considered investing out of state in better cash flow markets and looking for small MF or dipping my toes into flipping… Both seem risky and scary to me as I’m still a rookie but I know I need a new strategy for cash.

Appreciate everyone here!!

Sara