Hey Reader! I wanted to point out some new resources available on our website & remind you of other free downloads available to you! If you're looking to invest in the Denver metro area and want to know the short-term rental laws, long-term rental rates or what the rent-by-the-room averages are - then check out our "Investing in and around Denver" page. Calculators: Keep these calculators handy for when you're looking at properties, they give you clear cut numbers on whether or not a deal...
over 1 year ago • 1 min read
Hey Reader! The agents who join the FI Team have a similar goal – they want to reach financial independence and help others achieve financial independence through real estate investing. At our recent House Hacker’s Meetup, our lead agent, Chad Rocke, spoke about the synergy of growing his real estate portfolio (building long-term, generational wealth), while working as a real estate agent (earning income) and how his day-to-day operations of being an investor-friendly real estate agent...
over 1 year ago • 2 min read
Hey Reader! Full furnished home for sale in Arvada Lamar Height's neighborhood. Currently renting as an Airbnb, but could also make a great single family home, rent-by-the-room or medium-term rental! 4 bed 2 bath turnkey - needs nothing Finished basement with egress windows $625K asking price + $5K fee for sellers agent (buyers agents need to add on their own fee) Fully furnished if buyer wants $122K revenue past 19 months as a short term rental $6420 per month revenue Airbnb Listing << --...
over 1 year ago • 1 min read
Hey Reader! The Colorado legislature will soon discuss a bill that would massively increase property taxes for hosts by classifying their homes as commercial. Join The FI Team and let your voice be heard!!! Tell your representative to reject a tax increase on Coloradans and oppose this proposal. Click the link below to fill out a from and let your lawmakers know why short term rentals matter to you! Stop the tax hike! Tomorrow Night! Curious about a career in real estate? Needing that push to...
over 1 year ago • 1 min read
Hey Reader! I did a presentation at our Denver Meetup earlier this month about the past, present and future of house hacking and real estate investing in general. If you missed it, check out the latest Invest2Friday that recaps it. The punch line of the talk was house hacking has always worked, even as the market changes, and other investing strategies fall out. And my prediction is that it will always work. Why will it always work? Because people need affordable housing. Including you! And...
over 1 year ago • 1 min read
Hey Reader! Before I get to the deal I want to make sure you're aware of some big news recently dropped by Fannie Mae. You can now purchase owner occupied 2-4 unit properties with 5% down. Before it was 15-25%. This is a total game changer for house hackers. Alright, here's the deal: Two side-by-side duplexes in Aurora - right near UC Health and Children's Hospital Either purchase together as a quad or just one side as a duplex $425k for each duplex (2 units 1 property) or $850k for all 4...
over 1 year ago • 1 min read
Hey Reader! If you're at BPCON - or feeling the FOMO of not making it to Orlando, here are some tips to take action TODAY and get rolling on your next real estate investment. Solidify your True 2: Find a lender you jive with and get pre-approved. This is the most critical first step before you start running deal analyses or looking for properties. Check out our preferred lenders page and determine what your budget is. Connect with a realtor who understands your investment goals. Hint: an...
over 1 year ago • 1 min read
Hey Reader! Here's an opportunity to lock in a low monthly payment for the next 10 years with a low down payment. The property is a 3 bed/ 1 bath in Longmont between Main Street and Alpine. The numbers: Sales price $350K Down payment: $50K Monthly payment $1,625 Call date: 10 years Seller's balance is $250K - they will leave equity in there until a cash out or refi. Buyer (you!) capitalize on appreciation & principal pay down. And since this is a subject to deal your payment is $1,625 (that's...
over 1 year ago • 1 min read
Hey Reader! Here's the deal!! North Denver property (between 88th and I-25). Currently a rent-by-the room cash flowing $1,125/month. The numbers: Current value $465K $355K loan balance 3.125% interest rate $2,080 PITI $40-$50K rehab needed for foundation, egress and landscape $70K down payment required Open to seller financing for remaining equity Income potential: Rent-by-the-room income $4,025 $3,850 Monthly cash flow $1,125 Seller open to seller finance equity and subject to! Retain the...
over 1 year ago • 1 min read