We discuss two buy-and-hold rental deals around Denver for December 2017. Both deals were found on the MLS. The first deal is a 3/3 condo that is over 1800 square feet. It's big! The size and layout are ideal to create a fourth bedroom by adding a wall for $1,500 to $2,000. As a 4 bedroom, it's a 7.8% cap. Joe Massey did the loan on this rental and discusses how the HOA almost caused the loan to blow up! By pulling county records, Joe was able to prove that the HOA's information was incorrect.

The second deal is a 3/3 condo in First Creek. If you've followed us for awhile, you know Charles loves this complex! It comes in at a 7.1 cap rate.

View the deals' property sheets and spreadsheets at https://www.denverinvestmentrealestate.com/deals

Plus, we have a brief discussion of the new tax bill.

We discuss two buy-and-hold rental deals around Denver for December 2017. Both deals were found on the MLS. The first deal is a 3/3 condo that is over 1800 square feet. It's big! The size and layout are ideal to create a fourth bedroom by adding a wall for $1,500 to $2,000. As a 4 bedroom, it's a 7.8% cap. Joe Massey did the loan on this rental and discusses how the HOA almost caused the loan to blow up! By pulling county records, Joe was able to prove that the HOA's information was incorrect.

The second deal is a 3/3 condo in First Creek. If you've followed us for awhile, you know Charles loves this complex! It comes in at a 7.1 cap rate.

View the deals' property sheets and spreadsheets at https://www.denverinvestmentrealestate.com/deals

Plus, we have a brief discussion of the new tax bill.

Karl Busch shares his story of going from zero rentals in 2010 to 18 rentals in 2017 around Denver. In 2010, his computer business had failed and left him out of work. However, he had a paid off house, no debt, and a good credit score. He bought his first rental property using a HELOC and a cash advance from a 0% credit card!

In addition to sharing his very interesting story, he discusses:

* His investing strategy - only buy properties that he would live in at some stage in his life (i.e. as a college grad, a retiree, etc.)

* How he self-manages 18 properties.

* Advice for new investors - "Get Rich Quick - Slow."

Connect with Karl at 720-732-4167 or [email protected]

 

 

Karl Busch shares his story of going from zero rentals in 2010 to 18 rentals in 2017 around Denver. In 2010, his computer business had failed and left him out of work. However, he had a paid off house, no debt, and a good credit score. He bought his first rental property using a HELOC and a cash advance from a 0% credit card!

In addition to sharing his very interesting story, he discusses:

His investing strategy - only buy properties that he would live in at some stage in his life (i.e. as a college grad, a retiree, etc.)

How he self-manages 18 properties.

Advice for new investors - "Get Rich Quick - Slow."

Connect with Karl at 720-732-4167 or [email protected]

 

Chris and Charles talk with Lucas Miller. He was one of the house hacking panelists at the Fall 2017 Investor Success Summit. A few years ago Lucas and his wife purchased a duplex in Englewood to house hack. He discusses numbers, details and lessons learned! They are now actively flipping condos around Denver. He also discusses future plans for investing outside of Denver for long term buy and holds.

Resources

* https://cozy.co/ - "Modern property management for landlords, property managers, and renters."

* https://www.erentpayment.com/ - "Easy and Convenient Rental Payment and Property Management Solutions"

 

Chris and Charles talk with Lucas Miller. He was one of the house hacking panelists at the Fall 2017 Investor Success Summit. A few years ago Lucas and his wife purchased a duplex in Englewood to house hack. He discusses numbers, details and lessons learned! They are now actively flipping condos around Denver. He also discusses future plans for investing outside of Denver for long term buy and holds.

Resources

https://cozy.co/ - "Modern property management for landlords, property managers, and renters."

https://www.erentpayment.com/ - "Easy and Convenient Rental Payment and Property Management Solutions"

Charles and I talk with Travis and David who are Denver investors. A couple of months ago, Charles helped them buy an investment property. We asked them to come onto the show to share some details. They purchased a 2/2 condo on Florida Ave that's between Havana St and Parker Rd. It's a few miles north of the Cherry Creek State Park.

Resources:

* "Paycheck Parking" whitepaper: https://www.denverinvestmentrealestate.com/PaycheckParking

* VIP Financial Education: https://www.youtube.com/channel/UC45hHuqWfdi7TIZg0RDG9_g

* Joe Massey's spreadsheet: https://www.denverinvestmentrealestate.com/rentalspreadsheet

Charles and I talk with Travis and David who are Denver investors. A couple of months ago, Charles helped them buy an investment property. We asked them to come onto the show to share some details. They purchased a 2/2 condo on Florida Ave that's between Havana St and Parker Rd. It's a few miles north of the Cherry Creek State Park.

Resources:

"Paycheck Parking" whitepaper: https://www.denverinvestmentrealestate.com/PaycheckParking

VIP Financial Education: https://www.youtube.com/channel/UC45hHuqWfdi7TIZg0RDG9_g

Joe Massey's spreadsheet: https://www.denverinvestmentrealestate.com/rentalspreadsheet

A few months ago I realized that I did not have a written plan pertaining to my goals and real estate investing strategy. And I'm a big believer in writing goals! So I decided to write out my goals and then use it to kick off our investing strategies series so I could get other people to share theirs. I've been really pleased with the results so far. I've learned a lot from others and have had many great conversations.

But goals and strategies are not static things that you write once and then set it and forget it.

This podcast episode I discuss updates to my investing strategy and share some new goals.

You can read my strategy at https://www.denverinvestmentrealestate.com/chris-updated-investing-strategy-2018-goals/

A few months ago I realized that I did not have a written plan pertaining to my goals and real estate investing strategy. And I'm a big believer in writing goals! So I decided to write out my goals and then use it to kick off our investing strategies series so I could get other people to share theirs. I've been really pleased with the results so far. I've learned a lot from others and have had many great conversations.

But goals and strategies are not static things that you write once and then set it and forget it.

This podcast episode I discuss updates to my investing strategy and share some new goals.

You can read my strategy at https://www.denverinvestmentrealestate.com/chris-updated-investing-strategy-2018-goals/