All Forum Posts by: Travis Sperr

@Anthony Drew Gary try Jimmy http://fairenergysubmetering.com/index.html

 I worked with him on a deal - he has done a ton of sub metering from Fort Collins to Colorado Springs, based up near Boulder.

@Julie Rhodes wait a min.... your husband is Jason? He did a practice inspection on one of my properties last fall to complete his training and owes me a beer! ;) I am glad those docs worked for you.

@Julie Rhodes You can use the state approved docs on the DORA website for free - they are fillable so you can just enter the appropriate information for your deal. You will need a deed of trust and note - both are on the site.

This should help with the family members comfort too, as they are state approved docs - best part is they are free! 

click the forms folder-  https://www.colorado.gov/pacific/dora/division-real-estate-contracts-and-forms 

@Mike Cox - best way to find a fixed rate loan is to shop around - contact local banks or a fannie direct mortgage lender. Assuming you are bankable rates right now should be around 5%.

If possible, I wouldn't put all the properties into a blanket loan unless there is a 150% chance you will never sell them. There are too many negatives vs positives in encumbering all of the properties if you ever need to liquidate one property.

@Mike Cox Whether or not you take out cash to do other deals is up to you, your risk tolerance and opportunities to invest the funds. 

Specific to the loan - I think you are best to lock in fixed rate notes, minimum term of 15 years.

Your strategy going forward - has everything to do with what you hope to accomplish!

Good luck! 

@Tyson Mollotte in theory, yes you can absolutely do this. You can take a cash out refi on the value of the property up to around 70% of the value after 6 months of ownership/completion. You may need to provide documentation that it was in fact your cash into the deal. 

How you title this deal might have everything to do with your over all success in refinancing in a timely matter. I think you would be wise to locate a well versed fannie mae direct lender and talk through the logistics of who is on title and how the title of your side gets transferred to avoid any seasoning on the refinance.  

Here is an opportunity to sit down together, I'll be happy to answer questions about real estate - financing, rental properties, landlording, new construction projects, fix and flips, raising private money, analyzing deals, my favorite Instant Pot recipes or anything you can think of!

Come by for the whole time or just long enough to get your questions answered!

I just ask you make a purchase to support the establishment. If several folks show up at the same time, expect to network and mastermind with everyone on questions or topics the group wishes to discuss.

So, why should you go?
* Maybe you don't understand something related to real estate and hard money;
* You have questions on a potential deal you are planning to Pursue;
* You want to discuss various situations and strategies;
* You want to analyze a deal and run the numbers;
* You want guidance on reading material in order to pursue a topic in more depth;
* Or simply to get to know some other investors better!

This is your chance to pick the brain of a seasoned real estate investor. I can help you with a problem you are having or just give you some ideas to help you be more successful. I am looking forward to speaking with anyone willing to open up, ask questions and have a good dialogue!

No RSVP, just show up!

Real estate books and seminars teach us that rental real estate is the best way to create additional "passive" income. Most active and prospective real estate investors have a rough sense of reasonable cap rates and rates of return for different types of properties.

With this base of knowledge you can go the next step to what really matters -

How many investment properties do I need to support my retirement goals?

The answer might be fewer than you think!

This presentation will help you find your "number" looking at different property types, comparing and contrasting them as investments for your portfolio. Travis will share real deals so that you can see how to structure your portfolio in preparation of sitting on the beach while the money rolls in.

Please RSVP to this class through Aimee at 719-884-5300 or [email protected]

Real estate books and seminars teach us that rental real estate is the best way to create additional “passive” income. Most active and prospective real estate investors have a rough sense of reasonable cap rates and rates of return for different types of properties. With this base of knowledge you can go the next step to what really matters - how many investment properties do I need to support my retirement goals? The answer might be fewer than you think! 

This presentation will help you find your "number" looking at different property types, comparing and contrasting them as investments for your portfolio. Travis will share real deals so that you can see how to structure your portfolio in preparation of sitting on the beach while the money rolls in.

RSVP: Please make sure that you RSVP outside of biggerpockets to Nicole at [email protected]. Space is limited so RSVP before it's too late!