All Forum Posts by: Travis Sperr

Hard Money available in Colorado- (Front Range), Minnesota- (Twin Cites and Surrounding) and Washington, DC (and Surrounding)

100% of costs up to 70% of After Repaired/Completed Value

All privately raised, decisions made in our office.

Fix and Flip, New Construction, Buy/fix/hold.

Close in 2 weeks or less in most cases.

Who Needs money?

Travis Sperr

303-835-4445

[email protected]

Try this fella - Jaren Johnson 

http://johnsonkinglaw.com/

I have met him, sharp guy.

@Michael Roeder @Nancy Cummingsc

I fund hard money loans in Colorado, Pine Financial Group. Hard Money is a tool not just for investors with low income or bad credit, we have funded deals as small as $30k to $3.5 million. Many of our clients could qualify for bank financing but that would greatly reduce their ability to do multiple deals at once. If there is something I can help you with or answer questions I am happy to do so. 

Although I manage my own units - my work allows for the flexibility to do so - I will agree with @Michael Tempel that most landlords that manage their own units are often under rented, sometimes significantly - myself included. 

Maybe you can take the time to interview a handful of PMs in the area, find a couple you like and see what would happen to the bottom line if rented at market, with management, and putting value your fathers time - I think he will find the units worth keeping.

Try another lender 1st. Make sure they are adding depreciation back in to your income - often missed by lenders that do not work with a lot of investors. Try to find a direct lender or local bank, if your expenses are real and you are profitable, it would be a tough pill to sallow to pay more in taxes. 

@Jeff L. Buy it. I love Louisville. How close to the rail road tracks? 

@Jon Rylander I am more than happy to help you with your questions. I was able to buy 10 rentals using this exact strategy. We are funding a ton of these buy, fix, rent, refi deals in the Twin cities. There is a lot of confusion around offering cash, but if you are using a loan you need to using financing, the title company won't be able to close otherwise. Call or email I will help with anything I can. 

@Jeff J. unless the section 8 representative is willing to certify the tenant is gone, it is best to go through the full eviction process to protect yourself. 

@James Felder A lot of directions offered, based on your responses it doesn't sound like you are in love with rental property, mostly because you are considering putting the money in mutual funds, nothing wrong with that if that is where your comfort is. @Bill S.shared great points - there has never been a better time to be a seller in the Denver market, although we don't know when, the pressure on the local government regarding condos is likely to give. Seems like a great time to free up the cash to me. Be sure to discuss the tax implications with your CPA.

@Lorenzo Bernasconi Minneapolis is a great market for rental property right now - it was even better a year ago. I have clients buying rentals in that market as fast as they can, they are all in the area.

Market aside - you have to decide if long distance land lording is for you, everyone has a different risk tolerance and trust level of property managers.