All Forum Posts by: Travis Sperr

@Barry Rupisan I am familiar with Renters Warehouse - is something specific you are looking for?

What banks did you try and at what combined loan to value are you looking for?

@Account Closed- thank you for sharing. 

Hoping it isn't accurate but it typically doesn't go this far if it isn't. Bill is a salesman no doubt, a lot of investors in Denver got into the business from his meetings and events. Very unfortunate. 

draw fees are very common in hard money loans. It should have been disclosed and $200 is a little high, $100 is pretty typical. Pictures and receipts do not paint the picture needed, especially with 100% financing. 

price point or area of town? Answer varies in SW Denver or washpark. 

Only one way to improve DTI - make more money or have lower expenses.

If you plan to house hack the LLC isn't going to do you any good.

Step one is to find financing - what can you realistically do or what steps do you need to take so you qualify.

Step two find a property that meets the qualifications from step one. 

and good luck - very challenging but possible in our market to get a multi-unit.

@Account Closed Welcome to BP - this is a fantastic question and great that you have the interest in actually asking it. It has been my experience that most of the planners I have met don't like real estate investing for 2 reasons - they don't understand it and more importantly don't get a commission. I have never heard of a financial planner suggesting that someone liquidate a portion of their portfolio to purchase a cash flowing asset that may offer tax benefits. The other side of that could be that if you did suggest, is the client ready and able to become a landlord. Keeping in mind that everyone has very different experiences, circumstances and needs from a planner I am guessing the vary.

Best of luck to you as your grow your business!

I have found when communicating with section 8 it is best to copy as many people as possible on an email - I mean no less than 5 - not everyone will ignore it knowing that so many others are aware. 

The @Charles Roberts! I like it. 

outside of licesnsure requirments. I would strongly encourage you to work in the business before starting your own. From the landlord point of view, I have to ask why would I hire someone with no experience with the large number of property management companies in our market?

I do think there is room for more great property management companies but the experience is a must.