All Forum Posts by: Scott Trench

Nelson,

Welcome to BiggerPockets, we're excited to have you on board - looking forward to seeing you rock the wholesaling game!  You mentioned that you are new to wholesaling, so you might want to check out The Definitive Guide to Real Estate Wholesaling.  That, and don't be afraid to ask any questions, no matter how small, in the forums! 

Don't hesitate to reach out to us if you have any questions or concerns about the site!

Thanks,

Scott

Thanks Powell!

Welcome Powell!  Great to have you on board, and its great to know that we have such awesome Podcast fans.  Best of luck in your wholesaling career!  I hope that our site helps you develop into a great business, and please don't hesitate to reach out with any questions or concerns.

One quick question if you have a second - why do you think it took 90+ Podcasts before you decided to sign up for the free membership? We want to help as many people as possible learn about REI, and part of that process is helping them network as soon as possible.

Best,

Scott

Rose,

It's great to have you on board and I look forward to seeing you around the site! Learning is the best way to get started in REI. To help you learn more about wholesaling, you should check out The Definitive Guide to Real Estate Wholesaling.  

Best of luck on your Real Estate journey, and don't hesitate to reach out to the BiggerPockets team if you have any questions!

-Scott

@Robert Cuscaden it's great to have you back.  Always nice to see the long-term impact of the site!  Since you are in Denver and have been around, I'd like to invite you to the BiggerPockets 10 year anniversary party this Wednesday!

If you want to come, just post your intention to come here:

http://www.biggerpockets.com/forums/25/topics/1525...

Hope to see you there, and once again, welcome back!

Welcome @Nigel Swadel !  It's awesome to see BiggerPockets growing all over the world.  I hope that we help you as you grow as a Real Estate Investor.  Feel free to reach out to me or anyone else on the BiggerPockets staff if you need anything or have any questions/concerns!

Scott

Hi All,

Can anyone recommend a good roofing contractor for the Denver Metro area?  I need an estimate for repairs on a duplex in Five Points.

Thanks,

Shneur, 

I have yet to flip - after several months of searching, I found a duplex that I would like to live in and bought it with the intention of renting out one side to a tenant.  

My understanding is that the fix and flip game is tough to break into no matter where you start.  However, I thought that when price to rent ratios are high, maybe flipping could be where the opportunity lies.

Hi @Shneur K. ,

As a newbie in Denver, I will tell you that investing within the ground rules that many BP members try to adhere to is very tough.  There are few properties near the city that you will find that will meet the 2% rule (monthly rents are  greater than or equal to 2% of the purchase price of the property).

In my (admittedly new) opinion, I have found it tough to find properties that fit nicely with a Buy and Hold Mentality.  On the other hand, I'm sure that there are incredible opportunities out there for fix and flips, especially in some of the nicer parts of town where houses are extremely expensive in spite of the fact that they are getting pretty old.

I'd imagine you can do well in either Denver or Houston.  That said, I'd rather live in Denver any day of the week.

I think that agents will be around longer than might be suggested by this thread for two simple reasons:  

1) Buying a FIRST house is usually the biggest financial decision someone makes in their lifetime

2) Every transaction is unique  

I'm going through my first property purchase right now (a duplex - I'll live in half, rent the other half) and even after spending months reading up on things on BP, there are so many details involved with the transaction that I wouldn't know where to begin without an agent.  My agent has explained the financing options available with this property, referenced lenders, referenced contractors and inspectors, compiled and explained the paperwork, arranged showings, and most importantly - held my hand through the process.

I would be very surprised if many people went through their first transaction without an agent, unless they had a friend or REAL PERSON walk them through the nuances of their situation.  I don't care how much you read or research, there is no way to fully prepare for a first purchase ahead of time and feel comfortable doing it for most people.

After I have a couple of properties under my belt, maybe even after this first purchase, I'm sure that I'll be able to handle and understand enough of the process to go it alone, but for this first one (and probably the next few), it's great to have someone that I can go to with those little questions.