All Forum Posts by: Tanner Pile

 @Samantha Monjure we will have another one this Thursday!

@Liliana Garcia you can use listsource.com and prop stream too

@Sam P.

As many have said Cap rate is not typically used for small multi family... However, for commercial properties in Colorado Springs it is common to see deals trade at a 5% cap rate. For multi-family going as a long term rental it will be hard to make cash flow unless doing a serious amount of down payment or getting a great interest rate. Furnished rentals and STRs can cash flow here but take more time to find the right property for permits. 

Getting a couple hundred in cash flow for a LTR would be a good deal in Colorado since we are an appreciation based market. 

@Ashley Block

Local real estate meet ups may have the people you're looking for!

@Evelyn B.

Welcome! If you're local to Colorado Springs we have great meet up you can come to and learn a ton on real estate. I'll send you a message with details. 

@Justin Griffin We have a real estate meet up here in COS that will be helpful. I'll message you the details. 

For wholesaling start sending mailers, cold calling, anyway you can find a deal and get it under value to sell to a flipper that will still be able to make money. Takes a lot of time for the first one so you need to stay disciplined and consistent. 

For single family homes it is hard to get cash flow in CO unless doing Co-Living or STR. House Hacking is the best way to start since you do not need to put 20% down.

@Nichole Bretag

Hey Nichole, welcome to the community!

House hacking is one of the best ways to start! Going to real estate networking events is a great way to see what works in your market. I'll send you message about the one we host!

@Eric Geers Ill send you a message!

Hey! I have a friend looking to house hack in Fort Lauderdale area. Is it possible and what expectations should he have? 

He is graduating soon and planning to get started in real estate. 

Let me know what advice you have!

 I appreciate it!