My guest for this episode is Ben Einsphar, a Denver real estate investor and client who contributed a chapter to the 2020 Guide to Denver Real Estate Investing Strategies book.
Ben, along with his wife, Alyson, purchased a home in Arvada to house hack and operate as an Airbnb. At first, Alyson was not supportive of the idea of house hacking but came around after learning more about it on BiggerPockets and the denverinvestmentrealestate.com website. They have great advice to save you time and headaches if you are just starting out on the house hacking path.
This is a condo in one of our favorite investor complexes in Aurora. We originally put an offer in but lost out to a cash offer. It fell out of contract when the stock market tanked due to COVID. I am not sure if the buyer had his cash in the stock market, but regardless, it’s a good reminder to get your money out of anything volatile when looking to buy.
This is the fourth episode in our Deal Analysis series focusing on fix and flips with Derek Marlin of ELEVATION. This episode looks at a single family redevelopment in the north Denver suburb of Arvada that was purchased in November 2019 and rehabbed through Q1 2020.
My guest for this episode is Jeff White, a Denver real estate investor and client who contributed chapters to the 2019 and 2020 Guide to Denver Real Estate Investing Strategies books. Jeff is a house hacker who just accomplished one of his goals for 2020 which was to purchase a fourth house hack in Denver. Jeff’s goal is to eventually house hack his way to 8 rental properties that produce a net cash flow of 8,000 per month. His path to these 8 properties is made easier by his clearly defined buying criteria which he lays out in his 2020 chapter and this episode.
Our investor client purchased a detached single family home in Westminster to Nomad™. He purchased the home with a 0% down VA loan which means he had to bring less than $10,000 total to the closing table to buy this property! This property works for the client now and makes for a great future rental property.
A panel of property managers gives their take on the current Denver rental situation and the effects the Coronavirus is having on the market.
The Denver MLS trends data for June 2020 is out. Comparing year over year (June 2019 to June 2020) is better than comparing the previous month, because we have defined seasonality trends. Read on to find out how the Coronavirus pandemic is impacting Denver real estate.
Inventory is way down, closed prices are up, and a record number of homes were put under contract in June!
This is another episode in our Deal Analysis series focusing on fix and flips with Derek Marlin of ELEVATION. This episode looks at a recently completed half duplex in the West Highlands area of Denver that Derek found off-market.
A new investor purchased his first house hack in Westminster. He’s following the Nomad™ strategy to buy a new rental property every year. He may or may not rent out a few rooms while he’s living there. His focus is on building a rental portfolio and acquiring properties. This is a great property for a Nomad™ or house hack due to the location, price point and that it has 5 bedrooms. These are “solid base hits” that build wealth in the long run!
My interview with Kyle Doney of LVN Real Estate is the third in the Book Contributor Interview Series. Kyle wrote chapters for both the 2019 and 2020 Guide to Denver Real Estate Investing Strategies books. Terrance Doyle joins me as cohost as we talk about how Kyle went from active duty military to the reserves then to college and started a couple businesses all before getting into real estate in 2013 after reading and learning about it on BiggerPockets. His business has seen great growth in the last couple years, and he ended 2019 with 62 deals under contract and 42 closed within that year.
This is another episode in our Deal Analysis subseries called “Deal or No Deal?” with Derek Marlin of ELEVATION. In this episode, we analyze a Congress Park Condo that a Partnership client recently found on the MLS and brought to him. Is it a deal or no deal? Read on to find out!
This investment property is a house with an ADU in the Athmar Park neighborhood of Denver. Many single family homes in Denver are negative to tight cash flow at 20% down. Since this has an ADU, it has a strong cash flow over $500/mo! Athmar Park is one of the lowest price neighborhoods in Denver and is transitioning.