This is the third episode in the Denver House Hacking Mastermind series tailored towards Denver investors interested in house hacking. Our guests for this episode are Kevin Main, Vasily Rassokhin, Noelle Belling, and Patrick McLaughlin. The panel discussed a variety of house hack topics including when you have multiple house hacks, how much should you have in reserve for each house and what is the best way to go about raising rents?
In this episode Jenny Bayless discusses her personal experience using the BRRRR strategy to build her rental portfolio in Colorado Springs. BRRRR stands for Buy, Renovate, Rent, Refinance, Repeat.
Our guest for this episode of Virtual Happy Hour is Steven Pesavento of The Investor Mindset Podcast and VonFinch Capital. The goal with this series is to kick back, grab a drink, and meet new people who are involved in Denver real estate in one form or another. We invite you to join us to virtually network while COVID is keeping us socially distanced.
This is is our property management update on the Denver market for October. Ellie and Devin Reimer from Aerowood Management, Annemarie Sunde with Legacy Property Management and Gray Hall with Evernest Property Management all reported greater than 90% rent collection which is very similar to this time last year. The big difference is that a lot more people are on payment plans. Evictions are going through some courts, but it’s a mess. Listen to the podcast for the complete report.
It’s almost 2021! This means we’re ready to accept contributions for the 2021 Guide to Denver Real Estate Investing Strategies. It’s a unique concept, because the chapters are crowdsourced from Denver investors sharing their real estate investing strategies and goals. The goal of the book is to share ideas and connect people around town to grow your knowledge, your network, and your real estate portfolio. Listen to the podcast to find out how you can contribute a chapter.
This episode attempts to answer the question of whether or not we will see a wave of foreclosures as a result of the COVID-induced recession. Joe Massey has some good, solid data that we can use to determine how many of the forbearances might turn into foreclosures and how they might affect the Denver residential housing market in the near future. Is our extreme sellers’ market changing anytime soon? Listen to the podcast to find out.
The Denver MLS trends data for October 2020 is out. Comparing year over year (October 2019 to October 2020) is better than comparing the previous month, because we have defined seasonality trends. A brief executive summary is provided.
The Colorado Springs MLS trends data for October 2020 is out. Comparing year over year (October 2019 to October 2020) is better than comparing the previous month, because we have defined seasonality trends. This market is being stimulated by the low rates. The mortgage rates are likely to drift up next year, perhaps as much as 0.5 to 1.0%. We’ll see the market slow down a lot when this occurs.
This Deal Analysis highlights The VareCo’s ability to execute a unique value-add opportunity in an A+ location in Denver, CO. This deal consists of a 23 unit property, a duplex, and a vacant lot. Throughout the entirety of the project, The VareCo saw the project through to completion, despite unexpected bumps along the way.
Once you build a sizeable rental portfolio, these are certain steps you can take to help diminish your worrying about unforeseen events. This episode addresses how to manage vacancy, expenses and liquidity concerns through reserves and contingency planning. Even in times of offense (building your portfolio), it is important to always ensure your defense (reserves, etc.) is strong.
This deal analysis looks at an awesome 6 Unit in Aurora that caught our eye as it had been on the market for a while. After talking with the agent and walking the property, we saw a lot of potential in this one. The units were in good shape but hadn’t been updated for 8 years ago. With some sprucing up, this multi family will have some upside in rents.
We’re launching a new podcast today that focuses on the benefits of buying rental property in Colorado Springs versus out of state. It’s called the Colorado Springs Real Estate Investing Podcast. Check it out!