All Forum Posts by: Trevor Toft

I am new to the real estate investing journey but want to start networking asap. I am looking for other investors in the area that need help with contractor type work. I am willing to work for pretty cheap and/or free depending on the circumstance, but really I just want to start networking with other investors! I figured I might as well make some cash on the side by helping out with some of the dirty work on houses being flipped or renovated. If anyone has recommendations (apps, forums, etc.) please let me know!

Trevor

0 Votes

Denver, Colorado

Quote from @Jonathan Bock:

@Trevor Toft

Please don't base this decision on a Zestimate it's very surprising the value only increased around 26% (2020-2024), I do not know your market but do your homework and contact an agent and ideally an appraiser you trust to get a real valuation.

As it stands, your house essentially barely kept pace with inflation probably close to a negative real return when you factor that in.

As always it depends and only you know what's in your best interest. Wish you success in whatever you choose!

I can imagine those Zestimates are not perfect so that would be great if the value appraises higher. I will keep this in mind when I am preparing my strategies. Thank you!

1 Vote

Denver, Colorado

@Travis Timmons 3 bed / 2.5 bath (1400 sq ft). I like your idea of a mid term rental but I am slightly worried about the future market. Long term I think this is a great rental property so maybe I bite the bullet in the near term and ride out the long term benefits

0 Votes

Denver, Colorado

I currently own a town-home in a great neighborhood that I purchased back in 2020. I am looking to start my real estate investing journey and my first thought is to utilize a HELOC on my primary residence, rent it out to start my cash flow and use my equity to purchase a new primary residence. My question: Should I still pursue this strategy if the rental calculations show close to no cash flow? The main reason I am still considering it is because of my extremely low interest rate. Info below:

Original Purchase Price = $340,000 (2024 Zestimate = $430,000)

Interest Rate = 2.25% !!

Estimated Rent (based on neighborhood median) = $2800

Total expenses including HOA, Capex, Property Mgmt, and 50% rule for maintenance = $2750

Cash flow = $50 :(

Do I hold onto this gem or sell it and move onto a new strategy??

4 Votes

Denver, Colorado

All Forum Posts by: Trevor Toft

Trevor Toft has started 2 posts and replied 4 times.

Post: Networking through contracting! Looking for renovation jobs

Post: No cash flow but great property! Rent or Sell?

Post: No cash flow but great property! Rent or Sell?

Post: No cash flow but great property! Rent or Sell?