All Forum Posts by: Scott Elkins

Here is the link if you want to see pics/info etc.

http://itax.deltacounty.com/assessor/taxweb/account.jsp?accountNum=R012389&doc=SKETCH&sketchNum=2&page=1

The price is $125,000 including my fee, ( disclosure I am a license real estate broker in the state of colo. ) sold as is where is.

Square footage of listing includes home + loft/studio

There are  only 16 homes in Delta under 150,000, so supply is tight.

Delta CO, near Montrose Ridgway and Grand junction, 2 hours to Telluride.

Unlisted !!! Small home on big corner lot, 3/1 + detached garge with rental !

The new(2012?) garage that has a 312 foot rental above it.(this studio needs to be finished, it has been drywalled and plumbed but no fixtures are set)

New water lines and updates, (new garage is from an insurance check of old owner, then of course they ran out of money on the new build and left it 85% complete (yes, a  shocker to all of you, I know))

 Huge rental opportunity of 2 units on one parcel!

home needs some small minor items to get it back in rental shape.

 I imagine that the main home would rent for $700-800 and studio for $400-450? = around 1,100 a month!(depends on whom you rent garage parking too.)

Tight inventory, great demand for rentals. up and coming market.

Email any western slope questions you have, love to chat! 

new Montrose, CO / non MLS . SFR -

https://www.biggerpockets.com/forums/517/topics/365545-western-slope-colorado-1-rule-flip-rental-99k

Steve, HI, I agree with josh, not much supply ever, even during the dark recession days. The town/area just has not have the infrastructure in the past, and now growth is trying to catch up. SFR's are where most investors go, great rental return with low vacancies as josh pointed out.

 One thing that some investors are doing to create Multifamily is buying older homes with the right zoning and then adding density( that is already allowed), so the land is free basically.

also as far as prices go, there are only 8 homes listed under 145k for comparison. so to get the 1% rule , you have to be creative.