Denver Investment Real Estate: Recent Episodes
Chris Lopez - Denver Investment Broker
Chad McWhinney has been building in Colorado for more than three decades. As co-founder and CEO of Realberry, formerly McWhinney, Chad has helped shape some of the state’s most recognizable places. In fact, his portfolio includes Denver Union Station, Dairy Block, the Crawford Hotel, and Centerra in Northern Colorado. In this conversation with Chris Lopez, Chad walks through his origin story, the philosophy behind the firm, and the vision guiding Realberry’s next chapter.
Chad and his brother Troy co-founded what is now Realberry after Chad moved from Southern California to Loveland at age 19. From there, the conversation traces the story behind Centerra. Specifically, it covers putting options on Loveland farmland in the early 1990s and closing on 3,300 acres through Farm Credit Services in 1997. Next, it moves through the eleventh-hour partnership that brought the McWhinney family into Denver Union Station. Along the way, Chad also explains how the firm thinks about asset allocation and why long-hold, aligned capital produces better real estate outcomes than short-term institutional capital.
Today, Realberry is one of Colorado’s most established privately-held real estate platforms. For example, the firm has earned ULI Awards of Excellence at both Denver Union Station and Dairy Block, and Michelin Keys recognition at the Crawford. In addition, the firm is backed by roughly 300 long-term investors, many of whom have been with the firm for over 30 years. Notably, Realberry also locked approximately $1.7 billion in long-duration debt at near-zero rates before COVID, protecting investor capital through the current rate cycle.
Overall, the recent rebrand from McWhinney to Realberry reflects the firm’s move to broaden investor access. Beyond that, Chad shares his read on Colorado’s evolving legislative environment. Ultimately, he closes with his view that tokenization will eventually give individual investors direct access to institutional-grade real estate.
In This Episode We Cover:* The origin story behind Realberry and how Chad ended up in Colorado * Assembling 3,300 acres in Loveland through a patient land-option strategy * The public-private partnership behind Centerra * How Realberry became part of the Denver Union Station and Dairy Block redevelopments * Chad’s read on Colorado’s multifamily supply cycle and the current market * Where growth is concentrated in Northern Colorado * The Realberry rebrand and the firm’s long-view capital thesis * Why family capital builds better real estate than institutional capital
Stay tuned for upcoming episodes featuring Realberry’s leadership team and behind-the-scenes property walks through some of Denver’s most recognizable developments.
Watch the Youtube Videohttps://youtu.be/z3y_DqgDKdYTimestamps00:00 Welcome and Guest Introduction
01:10 From Southern California to Colorado
05:21 Assembling 3,300 Acres in Loveland
09:50 Building Centerra
14:12 The Denver Union Station Partnership
25:54 Portfolio Approach Across Asset Classes
27:50 Colorado Multifamily Outlook
32:03 Colorado Legislative Environment and Capital Sentiment
36:11 Northern Colorado Growth
38:50 The Realberry Rebrand
41:41 Tokenization and Investor Access
47:12 Long-Hold Capital and Placemaking
51:49 Closing and Upcoming Episodes
Links in PodcastRealberry
- Website: https://www.realberry.com
- Portfolio: https://www.realberry.com/portfolio
- LinkedIn: https://www.linkedin.com/company/realberryinvest
- Instagram: https://www.instagram.com/realberryinvest
- Investor inquiries: ir@realberry.com
Chad McWhinney
LinkedIn: https://www.linkedin.com/in/mcwhinneychad/
Books referenced in the episode
- The Warren Buffett Way by Robert G. Hagstrom
- Rich Dad Poor Dad by Robert Kiyosaki
Who is Realberry?Realberry, formerly McWhinney, is a Denver-based real estate investment, development, and management firm founded in 1991 by brothers Chad and Troy McWhinney. For nearly 35 years, the firm has focused on creating places people love, with a portfolio spanning master-planned communities, multifamily, hospitality, industrial, and mixed-use developments. Its work includes Denver Union Station, Dairy Block, the Crawford Hotel, and Centerra, and has earned ULI Awards of Excellence, Michelin Keys, and U.S. News Best Hotels recognition. Realberry is family-founded, community-centered, and future-focused.
In Q2 2026, 5 of 6 Denver detached home segments posted negative price growth. Only homes above 2,991 square feet were positive, up 1.6%. That’s the kind of detail that gets averaged out when you only look at metro-level numbers, and it’s the reason this Q2 2026 Denver real estate recap goes segment by segment through Your Castle Real Estate’s quarterly trends packet.
Chris Lopez walks through Your Castle’s Q2 2026 Denver Metro Trends packet in this solo episode. This isn’t a monthly market snapshot. It’s a quarterly deep dive that goes underneath the metro average to show where the real Q2 price action was happening.
When you break the detached market into six size buckets, the smaller homes were down 2 to 3% while only the largest segment held positive ground. On the condo side, units under 750 square feet were down 12% while the largest condos held flat. That’s why flippers Chris talks to shifted toward $800,000 and million-dollar-plus homes through the first half of 2026 rather than hunting the entry-level market.
Chris also walks through the 50-year log-scale view of Denver home prices, comparing today’s slow correction to the harder resets of the GFC and the 1980s, and closes with a pricing lesson from Q2 transaction data.
In This Episode We Cover: Why this Q2 recap is a quarterly deep dive rather than a monthly panel update * The six detached home segments where 5 of 6 were negative in Q2 * Why the only positive detached segment was homes above 2,991 square feet * The condo breakdown where units under 750 square feet fell 12% * Why flippers shifted toward $800K and million-dollar homes * Where Denver home prices sat on a 50-year log scale after Q2 * How today’s correction compares to the GFC and 1980s resets * Why priced-right homes sold in 12 days and mispriced ones took 68*
The Q2 2026 Denver real estate recap from Your Castle’s data shows a segmented market where the pressure sat almost entirely on smaller detached homes and small condos, while the largest homes held or gained. Whether you’re a buyer, seller, or holder, this recap gives you the segment-level read on what actually happened in Q2 and where the openings showed up.
Watch the Youtube Videohttps://youtu.be/ounSxyjILOETimestamps00:00 Intro
02:11 – The Denver inventory surprise that caught Chris off guard
04:22 – Why the metro average is hiding the real Q2 story
05:11– The only home size that gained value last quarter
07:05 – Why flippers moved into luxury homes in Q2
08:27 – Where Denver condo prices took the biggest hit
09:26– Denver home prices on a 50-year view
14:11 – The pricing rule that separates 12-day sales from 68
Links in PodcastYour Castle Real Estate Q2 2026 Denver Metro Trends packet
Email Chris: chris@propertylama.com
Denver active listings ended June at 12,744, down roughly 9% from the same month last year, catching the panel off guard in this June 2026 Denver real estate market update. Most expected inventory to keep climbing through the summer. Instead, the Denver metro is heading into the back half of the year with less supply than it had a year ago, while median prices remain locked near $600,000 for the fourth straight year. Colorado Springs looks even flatter, with June closing at a $499,900 median and almost no movement month over month or year over year.
Host Chris Lopez sits down with the full panel of Jenny Bayless of Colorado Springs, Jeff White of Envision Advisors, Troy Howell of Nova Home Loans, and Brandon Scholten of Keyrenter Denver. Together they walk through the June DMAR and Colorado Springs data, then move into two closed deals and the shifting picture in commercial multifamily debt. You get the ground-level view from the brokers, lenders, and property managers actually working these deals.
The conversation also covers a Lakewood condo that finally sold for $150,000 after being listed at $270,000 and briefly dropped to $1 as a test. On the multifamily side, Chris shares a 100-unit Colorado Springs deal his fund closed near $11 million after the previous owner ran out of money at a roughly $17 million basis. Meanwhile, a Loveland fourplex traded at $685,000 with $27,000 in seller credits, bought down to a rate near 6.8% on a 5% down owner-occupied loan.
From there, the June 2026 Denver real estate market update digs into the federal 21st Century Road to Housing Act and its 350-home institutional threshold, plus the extend and pretend cycle in commercial multifamily lending. Denver Business Journal quotes Mark Bell of Stinson describing extensions, negotiated ownership changes, and new equity infusions as the tools being used today. Chris shares his read after a night with Pinnacle Commercial brokers on why 2026 and 2027 could finally break the cycle.
In This Episode We Cover: Why Denver inventory dropped 9% year over year when everyone expected a climb * How Denver median prices have stayed near $600,000 for four straight years * The Lakewood condo that listed at $270,000 and finally sold for $150,000 * A Colorado Springs duplex that closed at list price for a first-time house hacker * How a Loveland fourplex closed with $27,000 in seller credits and a rate near 6.8% * What the 21st Century Road to Housing Act actually does at the 350-home threshold * Why the extend and pretend cycle in commercial multifamily is finally starting to break * The 100-unit Colorado Springs deal that traded roughly 35% below its previous basis * And so much more!*
Whether you are house hacking your first duplex or holding a mid-size multifamily, Denver’s June 2026 real estate market update gives you the specific numbers and local context to make your next move.
Watch the Youtube Videohttps://youtu.be/FrBw_y-kyi0Timestamps00:00 Welcome and Full Panel Introductions
01:37 Colorado Springs June Stats and Flat Median Prices
05:05 Denver Inventory Drops 9% Year Over Year
09:44 Why Denver Median Prices Stayed Flat for Four Years
12:55 Sellers Renting Instead of Cutting Prices
14:25 Class C Condo Market and the One Dollar Listing Story
17:46 Colorado Springs Duplex Sale Closes at List
23:46 Loveland Fourplex House Hack with $27K Seller Credits
26:54 Underwriting Path From Single Family to Fourplex
28:40 21st Century Road to Housing Act Breakdown
34:54 Extend and Pretend Commercial Lending Shift
40:52 Fund Deal on 100-Unit Colorado Springs Multifamily
46:00 Rate Outlook and the New Fed Chair
48:42 Closing Thoughts and How to Reach the Team
Links in PodcastCommercial real estate workouts gain traction as loans come due in Denver
Metro Denver home prices continue to hold at mid-2022 levels
Stinson Law Firm
Pinnacle Commercial Real Estate
- Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Website: https://www.novahomeloans.com/loan-officer/troy-howell/
- Brandon Scholten: brandon@keyrenterdenver.com
- Website: https://keyrenterdenver.com/
- Jeff White: jeff@envisionrea.com
- Jenny Bayless: jenny@envisionrea.com
Who is Keyrenter?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Denver’s rental market is telling two very different stories right now. Single-family homes are holding their rent levels year over year, but condos and older multifamily units are getting hit hard. Eric Ross of CRT Management walked through three Denver submarkets that show the split clearly, and the numbers are sobering for anyone holding condo or small multi inventory.
Chris Lopez sits down with Eric, who manages 950 doors across the Denver metro and has spent 18 years in local property management. Eric pulled real Zillow data from Aurora North, the 225 and Chambers corridor, and the Wheat Ridge and Lakewood submarket. In one Aurora zip code, there are 48 single-family rentals available compared to 590 condo and multifamily units competing for the same tenants. One-bedroom rents in that pocket have dropped to $745 a month, levels he hasn’t seen in over a decade.
Robinwood tells the story even more sharply. Two years ago, Eric was getting nearly $2,700 for a three-bedroom through the Housing Choice Voucher program. Today, those same units are renting closer to $1,895, pricing that takes the complex back to 2018 and 2019 levels. Eric also breaks down why Denver County logged 15,953 eviction filings in 2025, which is up roughly 72% from pre-pandemic levels, and what Colorado’s recent legislation around income requirements, credit checks, and habitability has done to landlord operations.
In This Episode We Cover: Why single-family rents are holding while condos and older multi keep softening * The Aurora submarket with 590 competing condo and multi listings * How the Robinwood rent drop from $2,700 to $1,895 reflects the broader condo market * Why HUD did a mid-year Fair Market Rent adjustment in late 2025 * How the 2x rent income mandate is driving evictions higher * Eviction timelines now running 50 to 90 days depending on notice type * A risk mitigation partnership giving landlords up to $10,000 per tenancy* in protection
Eric also shares his outlook for mid-2027 rents and what he thinks needs to happen for the market to stabilize. Whether you own a single-family rental, a condo, or a small multi in the Denver metro, this conversation gives you the ground-level data you need to make smart decisions through the rest of this cycle. Subscribe to the Denver Real Estate Investing Podcast for new episodes every Tuesday.
Watch the Youtube Videohttps://youtu.be/qiAhYZAzw0sTimestamps
00:00 – Welcome and Eric Ross introduction
02:15 – 2025 vs 2026 rent comparison across unit types
06:08 – Aurora North submarket, 48 single-family vs 590 condos and multi
11:03- Comparing today’s cycle to 2008
12:48 – 225 and Chambers submarket and the Robinwood case study
17:12 – HUD’s mid-year Fair Market Rent adjustment
22:45 – Wheat Ridge and Lakewood submarket breakdown
25:04 – Denver eviction filings up 72% from pre-pandemic
26:35 – How the 2x rent income mandate is driving evictions
30:14- Eviction timelines and the 10-day vs 30-day CARES Act split
34:00 – Violence Against Women Act protections and compliance cases
36:30- The House Bill 1090 utility billback fix
40:03 – Risk mitigation through private and public housing partnerships
47:27 – Rent forecast for mid-2027
Links in PodcastCRT Management Website: CRTManage.com
CRT Management Email: info@CRTManage.com
Eric Ross on LinkedIn: https://www.linkedin.com/in/ericrossindnever/
Workforce Housing Coalition
AAMD
Colorado Coalition for the Homeless
Rocky Mountain Human Services
An indoor family entertainment concept that started in Aurora is quietly on track to become a billion dollar enterprise, and most Colorado investors have not heard the story yet. Lava Island opened its first park in 2018 and now operates 11 locations across the country, with every single new park cash flowing positive in its first month.
Chris Lopez sits down with Dan Price, managing partner at Amplify Capital, to break down the Lava Island investment opportunity. Dan came to this deal after a 9-figure exit in insurance services and is now the single largest investor in the offering, calling it a once in a couple decades opportunity.
The conversation covers what makes Lava Island structurally different from Urban Air, Sky Zone, and Boondocks. The 2 to 12 age focus, the absence of arcades and go-karts, and a staffing model that runs on roughly 40 people versus 120+ at competitors all combine into a simpler, lower liability, higher margin business.
Dan gets specific on the numbers behind the Lava Island investment opportunity. The original Aurora location did 6 million in top line revenue on 10 dollar hourly passes. Each new build costs around 4.5 million. The reinvestment fund is modeled at a 6.8x MOIC with target exit in late 2029 or early 2030. The cash flow fund delivered a 16.44 percent annualized distribution in May and is projected to hit the mid 30s by the end of next year. Accelerated depreciation gave 2025 investors 1.17 dollars in deduction losses per dollar invested.
For offering details and data room access on the Lava Island investment opportunity, reach out through ampcap.co.
In This Episode We Cover: Why no arcades, no go-karts, and a 2 to 12 age focus is the competitive moat * How Lava Island scaled from 1 location to 11 in roughly 2 years * The vertically integrated construction model with hand-painted murals at every park * Why every new location has been cash flow positive month one * The 6.8x MOIC reinvestment fund vs the cash flow fund paying monthly distributions * How accelerated depreciation wiped out gains for 2025 investors * Why Dan believes this is a once in a couple decades opportunity*
This is the most aggressive offering Lava Island will run before terms tighten in future raises. If you have wanted exposure to a proven family entertainment concept with national expansion underway, this is the episode to listen to before reaching out.
Watch the Youtube Videohttps://youtu.be/M3Q3VOwRg88Timestamps00:00 Welcome and intro to Lava Island family entertainment investment
01:30 Dan Price background ranching roots to 9-figure insurance services exit
05:04 From Narrate Ventures to Amplify Capital growth capital rebrand
06:54 Why founders need partners painful and lonely journey
08:23 What Lava Island is 2 to 12 age focus vs Urban Air Sky Zone Boondocks
13:03 Operating leverage 40 staff vs 120+ at competitors
14:45 Liability de-risked no go-karts no climbing walls no teenagers
16:24 Founders Boyd and Celeste 15+ years building parks across Europe
23:06 CEO Chase hired with one location pedigree of scaling exits
25:34 Vertically integrated construction Polish muralists hand-paint every wall
28:44 11 locations open expansion to 40+ targeting billion dollar enterprise value
31:04 Every location cash flow positive month one
32:04 Reinvestment fund 6.8x MOIC modeled returns and qualified purchaser requirement
34:25 Cash flow fund 16.44% annualized May distribution mid 30s projected
35:06 Accelerated depreciation $1.17 deduction per dollar invested in 2025
36:41 How to reach Amplify Capital
Links in PodcastAmplify Capital
Lava Island
Reach out to Chris and the team by emailing chris@propertyllama.com for a warm intro to Amplify Capital or to discuss the opportunity further.
Two single-family houses on one lot in Denver for $610,000. A 4-bedroom front house and a 5-bedroom back house, each with separate entrances, separate utilities, and two addresses. As a result, you get the kind of house hack property that pops up maybe one to five times a year on the MLS.
In this episode, we break down Jeff White’s 10th house hack, which closed in early May. First, Chris Lopez sits down with Jeff and Troy Howell of Nova Home Loans to unpack the numbers, the loan structure, and the strategy stack behind the deal. To start, Jeff and his wife Suleyka began their house hack journey in 2017 with a single fourplex, replacing a $1,500 monthly mortgage payment with $0. Nine years later, they’re hitting double digits. Meanwhile, Troy structured the financing at 5.625 percent with $24,500 in seller credits.
Next, Jeff walks through how he found the deal, why the listing agent picked his offer over a higher one, and the strategy stack he ran before going under contract. For example, market rents pencil at $5,800 a month. By comparison, rent by room hits $7,200. Then, Section 8 lands at $6,900. Ultimately, the sober living triple net play Jeff landed on pays $3,600 per house with the operator covering all utilities on a 5-year lease.
In This Episode We Cover: Why two houses on one lot is essentially a 2-for-1 house hack at $300K per single-family equivalent * How a daily 10-minute search routine across 7 saved searches caught this house hack deal on day one * The $24,500 seller credit that bought down the rate and covered the PMI buyout * Why positive leverage is back in Denver with cap rates above interest rates * House hack year 2 numbers – $2,787 monthly cash flow and 41% cash on cash * Investor scenario at 25% down – $3,011 monthly cash flow and 11% cap rate * Why this is the best Denver buying window since 2017* for house hackers and investors * The $85K discount one client just got by making a “disrespectful” offer
If you’ve been waiting on the sidelines for Denver to make sense again, this house hack breakdown shows what’s actually getting done in 2026.
Watch the Youtube Videohttps://youtu.be/Dx4IWh2r8cITimestamps00:00 – Welcome and intro to the 10th house hack
02:38 – The 10 house hack milestone starting in 2017
03:11 – Every strategy tried along the way
07:09- How to hit 10 house hacks in 9 years
08:50- The daily search routine – 7 saved searches
09:57- The property – two houses, one lot, $599K
11:18- Why the listing agent picked this offer
15:39 – Running the strategy stack on this property
-20:00 – The sober living triple net play
20:52 – Loan details with Troy at 5.625%
22:10- The $24,500 seller credit story
24:38 – Investor scenario – $3,011 monthly cash flow
29:09 – Year 2 house hack – 41% cash on cash
30:25- Positive leverage and an 11% cap rate
35:38- The $85K discount client story
36:25 – Best buying time since 2017
Links in PodcastJeff White: jeff@envisionrea.com
Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Website: https://www.novahomeloans.com/loan-officer/troy-howell/
Denver House Hacking Spreadsheet
Who is Nova Home Loans?Website: https://www.novahomeloans.com/loan-officer/troy-howell/
For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Former Superior mayor Clint Folsom has owned Boulder student rentals for over three decades and led Superior through the Marshall Fire rebuild. He brings a perspective most Colorado investors will never get.
Host Chris Lopez sits down with Clint to break down what’s actually moving in the CU Boulder student rental market. They walk through two live listings, a $915K five-bedroom south of campus and a $2.26M seven-bedroom duplex on University Hill, and run the gross rent multiplier math on each. Clint explains why GRM beats cap rate for student rentals and how the 2024 Colorado occupancy law change opened up bigger houses to more tenants legally.
The conversation then shifts to the Marshall Fire, which destroyed roughly 1,100 structures in December 2021, including about 400 in Superior. Clint shares what he discovered when he audited his own policies in the aftermath, and why most Colorado landlords have two specific coverage gaps that could ruin them after a major loss.
Whether you’re analyzing a Boulder rental, auditing your insurance policies, or thinking about how to get more involved locally, Clint’s experience offers a roadmap most Colorado investors never get.
In This Episode We Cover: Why Boulder student rentals get priced per bedroom, not per square foot * How the 2024 occupancy law change reshaped Colorado student housing * When GRM beats cap rate for analyzing rental deals * The two insurance gaps the Marshall Fire exposed in most rental policies * Why you need 24 months of lost rent coverage, not 12 * How Superior hit an 80% rebuild rate in 4 years* * Why real estate investors should engage in local government
Watch the Youtube Videohttps://youtu.be/kYYVomtIymQTimestamps00:00 – Welcome and Clint Folsom intro
01:58- Boulder market overview and Pine Brook Hills
03:10 – CU Boulder student rental basics
05:27 – 2024 Colorado occupancy law change
07:21 – Boulder student housing price per bedroom
09:10 – University Hill rent ranges per bedroom
11:53 – GRM vs cap rate for student rentals
13:32 – GRM walkthrough on two Boulder listings
16:57 – Boulder rental licensing requirements
18:25 – Buying a CU Boulder rental for your kid
20:20- Marshall Fire recap, 1,100 structures lost
22:39 – Landlord underinsurance lessons
25:35- 24 months of lost rent coverage
27:19- Marshall Fire rebuild, 80% in 4 years
28:53 – FEMA coordinated debris removal
33:42 – Home inspector to mayor of Superior
38:49- Investors engaging in local government
40:42 – Where to find Clint Folsom
Links in PodcastReach out to Clint Folsom:
Folsom and Company Real Estate: https://www.folsomco.com
Clint Folsom on LinkedIn
Clint Folsom on Facebook
The Denver May 2026 real estate market update delivered a surprise nobody saw coming. Active inventory dropped nearly 10% year over year, the first time that’s happened in years. Everyone expected the opposite. With affordability stretched and rates still elevated, the consensus was that inventory would keep climbing through 2026. Instead, new listings collapsed 17.2% and sellers are choosing to wait rather than test a softer market.
Chris Lopez sits down with Jeff White of Envision Advisors, Brandon Scholten of Keyrenter, and Troy Howell of Nova Home Loans to unpack what’s actually happening underneath the headline numbers. Attached property average prices ticked up 3.4% year over year, days on market nearly tripled the median in some categories, and 71% of Denver agents closed zero deals last year.
Then Brandon walks through Keyrenter’s new 3-7-12 day vacancy management plan and shares a real example where a $1,600 rental dropped to $1,475 by day seven and leased before the next adjustment. The team also breaks down why some Denver short-term rental operators are looking at midterm conversions as commercial tax rates eat their margins.
The episode closes with a full deal breakdown on a Loveland fourplex at $685K with $27K in seller credits, all units renting at $1,400, and a creative third-bedroom conversion play hiding in the enclosed patios. This Denver May 2026 real estate market update covers the data, the strategy shifts, and the deal mechanics investors need to act on right now.
In This Episode We Cover: Why Denver inventory dropped instead of climbing in May 2026 * The 3-7-12 day rental pricing plan that’s cutting Keyrenter’s vacancy * How short-term operators are dodging commercial tax rate hits * The Loveland fourplex deal at $685K with $27K in concessions * Why most lenders can’t or won’t structure post-closing contractor credits * How to convert an enclosed patio into a third bedroom* for higher rents
If you invest in Colorado real estate or are watching the Denver housing market in May 2026, this episode covers the data and decisions that matter right now.
Watch the Youtube Videohttps://youtu.be/UWSBM_TOkxETimestamps00:00 Welcome and Panel Introductions
01:23 – Denver inventory drops 10% year over year
04:42– New listings down 17% as sellers wait
07:52 – Foreclosure data and credit card debt theory
11:38 – Attached prices up 3.4%, days on market double the median
21:15 – The flat sideways market thesis
22:25 – Brandon’s 3-7-12 day vacancy management plan
31:22– Short-term operators eyeing midterm as taxes hit
35:29 – Keyrenter hiring for midterm division
37:25 – Loveland fourplex breakdown at $685K
42:55 – $27K in seller credits and how Troy structures them
49:20 – Final numbers on the 6.375% fourplex financing
Links in Podcast Troy Howell: troy.howell@novahomeloans.com + LinkedIn: Troy Howell + Website: https://www.novahomeloans.com/loan-officer/troy-howell/ * Brandon Scholten: brandon@keyrenterdenver.com + Website: https://keyrenterdenver.com/ * Jeff White:* jeff@envisionrea.com
Now Hiring at Keyrenter DenverKeyrenter is hiring for a new midterm rental position to spearhead the Midterm Rental division. The role involves networking, client and tenant relations, and potentially some traditional leasing duties to start. Ideal candidates have some real estate investment experience of their own, whether that’s a house hack, a small rental portfolio, or active involvement in the local investor community. It’s a good fit for someone who wants to combine their investing interest with a day job in property management.
Interested candidates can email amber@keyrenterdenver.com.
Who is Keyrenter?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
The Denver multifamily market just handed investors something they haven’t seen in a decade. Soft demand, motivated sellers, and seller credits big enough to buy your rate down into the fives. Right now, deals that didn’t pencil two years ago are starting to look like real opportunities for both house hackers and landlords.
Host Chris Lopez sits down with Jeff White, Envision Advisors broker and active investor who just closed on his 10th house hack, plus Lender Troy Howell from Nova Home Loans. Jeff bought down his most recent purchase to 5.625% using seller credits, and the three break down exactly how he did it.
The trio walks through three live Front Range deals — a Lakewood side-by-side duplex at $769K, an Aurora triplex at $625K, and a Wheat Ridge duplex at $775K. Each one gets analyzed through two lenses. First as a house hacker putting 5% down. Then as an investor at 25% down. The Lakewood duplex can house hack for $133 a month and cash flow $1,000 a month in year two. The Aurora triplex starts break-even and hits $1,000 a month after a few rent adjustments and one Section 8 conversion.
Jeff and Troy also unpack the rules of thumb that matter right now. The 2% cash-on-cash benchmark for Denver multifamily. The $32K cost of waiting three years to buy. Why a soft market with higher rates is actually an investor’s best friend. And the property manager debate every new landlord wrestles with.
In this episode we cover: How to house hack a Lakewood duplex for $133 a month and cash flow $1K/month in year two * Why side-by-side duplexes rent for more than up-down layouts and attract better tenants * The $7K to $8K basement bedroom add that changes the deal math * How Jeff bought his rate down to 5.625% using seller credits in a soft market * Why renewing leases before listing kills your buyer pool and sale price * The 2% cash-on-cash benchmark every Denver multifamily investor should know * The $32K cost of waiting* three years for “perfect” market conditions
Whether you’re looking at your first house hack or your tenth optimization play, this episode shows you exactly how the math works on real Denver deals today.
Watch the Youtube Videohttps://youtu.be/Ml7-xcAxyeATimestamps00:00 – Episode preview and what’s ahead
01:47 – Lakewood duplex breakdown at $769K
04:43 – House hacking for $133/month with four roommates 07:20 – Investor lens on the Lakewood duplex
10:19 – Aurora triplex and why it’s investor-only
13:45 – Year two optimization turns break-even into cash flow 16:32 – Wheat Ridge duplex near the Highlands
21:05- Q1 vs Q2 market shift and extended winter
24:40 – The $32K cost of waiting three years
31:18 – Why a soft market favors investors
33:56 – Buying down the rate to 5.625% with seller credits
40:13 – Self-managing first, hiring a PM later
45:09 – Why “perfect” deals don’t exist
Links in Podcast Troy Howell: troy.howell@novahomeloans.com + LinkedIn: Troy Howell + Website: https://www.novahomeloans.com/loan-officer/troy-howell/ * Jeff White:* jeff@envisionrea.com * Get on the Denver multifamily deals list * Download the webinar slide deck * Property Llama
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
The Denver fix and flip market 2026 is producing a strange combination. Strong showing activity and soft offer volume. One Arvada property sat through 57 showings in 44 days. The deal that finally came in fell apart when the buyer’s grandmother refused to release the down payment. That’s the market Derek Marlin is navigating right now.
Derek Marlin founded Elevation in 2014. The company does fix and flips, wholesaling, fee-based project management, and runs a brokerage team at eXp. He also runs the Elevation Academy and the Broadway Collective, a Denver co-work space that recently hit 100% occupancy. His team runs 3 company flips at a time and operates at roughly 85% off-market acquisition volume.
In this conversation, Derek Marlin and Chris break down the Denver fix and flip market 2026 from the ground up. Motivated sellers are still anchored to 2021 valuations. Carrying costs add up fast when deals drag 6 weeks longer than planned. Derek also walks through his 4-offer model. It gives sellers a cash offer, a fix-in option, a fee-based consulting path, or a partnership flip. The partnership flip now requires putting the seller on title in an LLC before Elevation funds the rehab. That change came after too many sellers changed their minds mid-project.
In this episode we cover:* Why 57 showings in 44 days produced almost no offers and what Derek Marlin thinks that signals about buyer behavior in the Denver fix and flip market right now * The Arvada flip case study at 8506 Union Circle, $60K rehab, listed at $725K, 57 showings, one terminated contract, and a final sale near $700K * How a grandmother ended a $719K deal 3 days after inspection by refusing to release the down payment funds * The 4-offer model Elevation uses with every seller, and why the partnership flip structure now requires LLC title transfer before any rehab capital goes in * Why Derek Marlin is running 85% off-market and what ratio he actually wants to hit * The tear gas house case study, a SWAT-raided Centennial property taken to studs, $405K in rehab, sold near $1.4M, with the client clearing $181K in 6 months * What Elevation Academy covers in a full day and what the $997 includes * Derek Marlin’s outlook on the Denver fix and flip market, optimistic long-term, defensive on underwriting right now
Derek Marlin’s direct, data-grounded take on current conditions is the kind of real-time Colorado flip intel you won’t find anywhere else. If you are active in the Denver fix and flip market in 2026 or thinking about getting started, this episode is worth your full attention.
Watch the Youtube Videohttps://youtu.be/dt6dUPU0vz4Timestamps00:00 Derek Marlin and Elevation intro — flips, wholesaling, brokerage, education
02:29 Denver flip market read — healthy but disillusioned
07:30 Motivated sellers anchored to 2021 — how to reframe the conversation
06:47 Arvada flip case study — $60K rehab, $725K list, 57 showings, 44 days on market
11:05 Grandma terminates the deal — undisclosed down payment source kills $719K contract
12:25 Velocity of money — why Derek dropped to $700K instead of waiting
20:32 Off-market acquisitions — 85% off-market and the target 70/30 split
27:39 2026 deal flow — 3 company flips, 5 consulting clients, 7 wholesales
30:39 Price Points and Wholesaling — Why Derek Stays Below $900K and Passes the Rest
33:39 Tear gas house — SWAT raid, $405K rehab, $1.4M sale, $181K client profit in 6 months
37:30 Elevation Academy — $997 full-day training, June 5th, what’s included
39:24 Denver market outlook — optimistic long-term, defensive on underwriting
Links in Podcast* Elevation: elevationinvest.com * Elevation Academy * Flip mentioned in this episode: 8506 Union Circle, Arvada, CO
Three years into a Denver luxury redevelopment, Paul DeSalvo knows what real estate development mistakes actually cost. Paul, a Denver real estate investor and broker, is back to walk through every one of them. In this episode, Paul returns to update host Chris Lopez on a sweeping redevelopment in Berkeley, Denver — a 1902 Victorian transformed into a 5,500 sq ft, 6 bed/6 bath luxury home with an 850 sq ft ADU and 3-car garage. He shares what went well, what hit hard, and what every investor should know before breaking ground on a project like this.
The budget surprises alone tell the story. A foundation that needed a full rebuild added $75,000 to the project. An asbestos mass spill ran $30,000. Denver’s Affordable Housing fee — charged on any addition over 400 sq ft — came in at $25,000, a cost neither Paul nor his GC had flagged. A new water line tap added another $12,000. Combined with items left off the original budget entirely and inflation across lumber, drywall, and appliances, the project pushed well past the original estimate.
The contractor selection story is the most instructive of all the real estate development mistakes covered in this episode. Paul and Val interviewed five or six GCs. Most bids came back between $1.8M and $2.1M. One came back at $1.2M. They went with the low bid. That contractor’s experience turned out to be primarily remodels and pop-tops — not ground-up luxury construction. By the time the project wrapped, costs had converged right where the other bids landed. Paul walks through exactly what he would look for differently and why verifying the type of experience matters as much as verifying the experience itself.
In this Episode:* Why the lowest GC bid on a luxury build is often the most expensive choice * How to verify contractor experience by project type, not just project count * The Denver Affordable Housing fee and how it catches smaller developers off guard * What scope creep actually looks like on a high-end redevelopment and how to manage it * Why architect and builder coordination failures cost more than either party’s mistakes alone * What has gone well on the project and what Paul is genuinely proud of * Paul’s honest take on whether he’d take on a project like this again
If you are planning a luxury build or any ground-up construction project in Denver, this episode is a practical field guide from someone who has lived every one of these real estate development mistakes and made it to the other side.
Watch the Youtube Videohttps://youtu.be/C0VvCr-O_7wTimestamps00:00 – Welcome and project recap — Paul returns to update on his Berkeley, Denver build
01:15 – Off-market acquisition — how a neighbor relationship led to buying the 1902 Victorian
03:26 – Full project scope — 5,500 sq ft total, 6 bed/6 bath, ADU, 3-car garage, five fireplaces
06:30 – GC selection process — interviewing five or six contractors and how they made the call
07:49 – The experience gap — why pop-top and remodel experience doesn’t carry over to ground-up luxury builds
12:02 – Budget blind spots — items left off entirely, inflation, and the real cost of scope creep
15:15 – Denver’s Affordable Housing fee — an unexpected $25,000 charge tied to additions over 400 sq ft
16:50 – Asbestos mass spill and foundation rebuild — $30,000 and $75,000 in back-to-back surprises
18:24– What has gone well — design outcome, ADU pace, and finishes staying on schedule
19:44 – Advice for luxury builds — why low bid outliers deserve the most scrutiny, not the least
23:40 – Architect and builder coordination — why cohesive team relationships are as important as individual credentials
24:46– Paul’s outlook on future development — honest take on whether he’d do it again
Links in Podcast Connect with Paul DeSalvo firehousehomes@gmail.com * Fire on FIRE Investing* https://fireonfire.org/ Paul co-founded Fire on FIRE Investing alongside fellow firefighter Jamin to help first responders build financial security through real estate. The organization offers one-on-one consultations and education covering single-family rentals, house hacking, multifamily, 1031 exchanges, and passive investing opportunities.
The Denver housing market April 2026 update shows a familiar story. Prices have been flat for three straight years. Rents have softened back to levels not seen since late 2021. So where does that actually leave Colorado investors right now?
Chris Lopez brings the full panel together for this monthly update. Jenny Bayless covers the Colorado Springs market as both a broker and active investor. Jeff White of Envision Advisors tracks Denver’s small multifamily market closely. Brandon Scholten manages over 1,000 units at Keyrenter Denver and owns rentals himself. Troy Howell of Nova Home Loans rounds out the group with a lender’s perspective across Colorado.
The panel works through the DMAR April report together. Denver’s median closed price sits at $605,000 this month, essentially unchanged from $604,000 in April 2025 and $602,000 in April 2024. In inflation-adjusted terms the market is down. Detached single family is holding, up about 1% year over year. The average condo price is down nearly 5% year over year. In the Springs, the median sits at $480,000 with sales up 8.5% month over month and month supply at 3.
Rentals get a close look too. Concessions are up. Rents have pulled back to near Q4 2021 levels. The panel then turns to co-living and room-by-room rentals. Operators who bought into the model three to four years ago are now trying to exit. Co-living property managers typically last 6 to 12 months. PadSplit requires roughly a $30,000 retrofit, furnished rooms and ongoing maintenance responsibility — and the exit problem may be just as significant as the operational one.
In This Episode We Cover: Why the Denver housing market’s April 2026 data shows prices flat for a third straight year * How rents have pulled back to late 2021 levels and what landlords are doing about it * Why co-living operators are looking for the exit and what the PadSplit model actually costs * Governor Polis’s push to cut Colorado’s average $4,200 homeowner’s insurance premium by $800 * What 22,000 YourCastle transactions revealed about the NAR commission settlement * Jenny’s decision to sell and pay down debt, and Jeff’s 10th house hack* in West Denver
If you invest in Colorado real estate or are watching the Denver housing market in April 2026, this episode covers the data and decisions that matter right now. Subscribe for monthly market updates every month.
Watch the Youtube Videohttps://youtu.be/kB-TT_tl78QTimestamps00:00 Welcome and Panel Introductions
01:31 Colorado Springs Market Data — Median $480K, Sales Up 8.5%
03:10 Springs Condo Trends — Prices Starting to Recover
09:04 Rental Strategies in a Soft Market — Flat Renewals and Two-Year Leases
13:30 Denver Market Overview — 11,500 Active Listings
15:21 Three Years of Flat Prices — Detached Up 1%, Condos Down 5%
18:02 Condo Financing Challenges — FHA Hurdles and Fannie Mae Changes 28:30 Showing Data — About 5 Showings Per Property in Both Markets
25:52 Co-Living Reality — Why Operators Are Trying to Exit
29:08 PadSplit Breakdown — $30K Retrofit, Furnishing Costs and the Exit Problem
36:20 Medium-Term Rental Demand — Two Years of Data
38:20 Brighton Co-Housing — Gratitude Village and 35 Communities in Colorado
41:04 Colorado Insurance Bill — $4,200 Average Premium, $800 Reduction Target
46:25 NAR Commission Data — $70 Buyer-Side Difference on a $500K Purchase
56:08 Jenny Sells a Property and Pays Down Debt
59:40 Jeff Closes His 10th House Hack — Two Houses on One Lot in West Denver
Links in Podcast Troy Howell: troy.howell@novahomeloans.com + LinkedIn: Troy Howell + Website: https://www.novahomeloans.com/loan-officer/troy-howell/ * Brandon Scholten: brandon@keyrenterdenver.com + Website: https://keyrenterdenver.com/ * Jenny Bayless: jenny@envisionrea.com * Jeff White:* jeff@envisionrea.com * Brighton project aims to pioneer fully accessible, net-zero cohousing in Colorado * Polis wants home insurance premiums to drop by $800, but can he do it? * Your Castle Real Estate * DMAR
Who is Keyrenter?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
The Denver multifamily market 2026 data is in — and it’s more complicated than most headlines suggest. Average rents have dropped back to Q4 2021 levels at $1,758. Vacancies have climbed from 5.8% to 7.5% in two years. Concessions have nearly doubled year-over-year to 10.1% of gross rents. And in some parts of the metro, prices are off 50% with zero buyer activity.
So what does the Denver multifamily market 2026 actually mean for Front Range investors? Chris Lopez just returned from the Passive Pockets Summit in Cherry Creek and shares exactly what the Q1 numbers mean — and what he’s doing with his own portfolio right now.
In This Episode We Cover: Why Denver Metro average rent is back at Q4 2021 levels and what that signals for 2026 pricing * The supply shift that matters most: new units dropped from 6,056 to 2,796 year-over-year — and absorption finally outpaced new supply in Q1 * How concessions doubling from 5% to 10.1% of gross rents masks the true rent decline * Where multifamily prices have fallen 15-50% across the metro — and which submarkets have no buyers at all * Why Colorado legislation is pushing institutional capital out of the state and what that means for local investors * Chris’s own 4-plex update from Marcus & Millichap and why he’s holding despite the headwinds * The non-performing loan strategy Chris is using to get multifamily exposure on the debt side right now * His honest recovery timeline*: 2026-2027 still rough, 2028 as a potential turning point
If you’re sitting on single-family equity and wondering whether now is the time to reposition into multifamily — or if you’re already in the commercial space trying to read where this cycle goes — this is a grounded, data-first breakdown of where the Denver multifamily market stands right now.
Have questions about your portfolio? Reach Chris at chris@propertyllama.com.
Watch the Youtube Videohttps://youtu.be/mOxV23KZKv4Timestamps00:00 — Denver multifamily market 2026: Back from Passive Pockets Summit — national trends meet local reality
02:03 — Why Denver multifamily (2-4 and 5+) is where Chris sees the real opportunity right now
03:02 — Q1 2026 Denver Metro data: rents back to 2021 levels, vacancy at 7.5%, concessions nearly double
06:33 — Denver multifamily price declines: down 15-50% across the metro, some areas have zero buyer activity
08:24 — Chris’s Denver 4-plex update and why small multifamily owners aren’t distressed
09:52 — Colorado multifamily recovery timeline and why legislation is pushing capital out of state
12:25 — Where Chris is putting new money: private lending and non-performing loans on Denver multifamily
13:10 — How NPL investing works and portfolio strategy options for Colorado real estate investors in 2026
Links in PodcastMarcus & Millichap
Passive Pockets
Property Llama
Denver condo prices are down 8% since 2022, and houses have gone essentially flat — but is the correction over or is there more to come? In this episode, Chris Lopez walks through Q1 2026 data from Your Castle Real Estate, mapping 52 years of Denver price history to show exactly where each asset class stands today. He explains why condo corrections always play out slowly, even during major market events like the 2008 crash, and why multifamily — already down 15 to 35% — represents the stronger entry point for Colorado investors right now. If you own a Denver condo and aren’t sure what to do, Chris breaks that down too.
In This Episode We Cover: 52 years of Denver price data and what it reveals about today’s market * How to read a log scale chart to spot when prices are overpriced vs. underpriced * Why Denver condo corrections always move slowly — even during major downturns * The 1031 exchange strategy active investors are using to move from single-family into multifamily * Why multifamily has already corrected 15–35%* and what that means for buyers * What to do if you own a Denver condo right now — sell, hold, or rent it out
If you want to understand Denver home prices in 2026 and make a clear investment decision backed by data, this episode gives you the framework to do it.
Watch the Youtube Videohttps://youtu.be/h_he6fHScpcTimestamps00:00 — Intro
00:50 — 52-Year Price Appreciation Chart
04:10 — Why Condo Corrections Always Move Slowly
05:02 — Where the Real Opportunity Is Right Now
06:43 — What to Do If You Own a Denver Condo Today
Links in PodcastYour Castle Real Estate Q1 2026 deck download link
2026 Colorado landlord laws introduced more housing-related bills than any year in recent memory — and landlords nearly paid a steep price. One proposal would have let tenants halt evictions mid-process with claims as vague as “transportation issues.” Another would have required landlords to attach a full lease to every demand notice. Neither passed — but the margin was closer than most investors realize.
Chris Lopez sits down with Brandon Scholten, owner of Keyrenter Denver and a deeply active voice in Colorado landlord advocacy. Brandon manages over 1,100 doors across the metro area and has held a personal rental portfolio since 2012. He’s been tracking Colorado’s housing legislation for years and came to this conversation with his most detailed briefing yet.
If you own rentals in Colorado, understanding Colorado landlord laws in 2026 is no longer optional. This episode covers every bill that moved through the session — what passed, what was killed, and what’s quietly still working its way through the process. Brandon breaks down real case studies from his own managed properties, including a mold remediation on Laden Street that triggered the new habitability law’s full alternate housing requirements, and a domestic violence case where both spouses filed simultaneously.
In This Episode We Cover: The eviction bill that nearly passed — and the 80 people who showed up to stop it * Colorado’s new utility billing clarification: how to allocate shared utilities without sub-metering (which was running $9,000+ per building) * What the warranty of habitability expansion actually requires when a tenant reports mold — 72-hour containment, alternate housing, and a daily per diem * The 30-day notice rule now baked into Colorado law for federally backed properties * How the domestic violence bill plays out when both parties in a lease file simultaneously * The fee disclosure law in effect since January 2026 — and why Zillow compliance is still inconsistent * New security deposit rules*: 10-year useful life on carpet, itemized receipts required, and walkthrough rights
The direction of Colorado landlord laws in 2026 is clear — and the investors who stay informed are the ones who stay protected.
Watch the Youtube Videohttps://youtu.be/jpAKFjgDDc8Timestamps00:00 — Welcome & Overview
01:43 — Brandon Scholten Introduction — 1,100 doors managed, investing since 2012
03:26 — 2026 Legislative Session — Record number of housing bills; most never signed
06:26 — HB 26-1106 — Most problematic bill of the session; eviction cap with vague delay provisions; killed after massive public opposition
12:05 — HB 26-1045 — Disabilities housing protections; Colorado codifying emotional support animal rules as HUD guidance shifts
16:08 — HB 26-1013 — Utility billing fix signed into law; landlords can now allocate shared utilities without sub-metering
20:20 — HP 26-1047 — Would have required full lease attached to every demand notice; lobbying effort killed it
22:16 — HB 26-1036 — Vacant property tax; empowering local governments; died over implementation problems
27:29 — SB 24-094 — Warranty of habitability expanded; 72-hour containment, alternate housing required; Laden Street mold case study
34:26 — HB 25-1240 — Housing subsidy protections; 30-day notice now required statewide for federally backed properties
36:35 — HB 25-1168 — Domestic violence bill; self-attestation now accepted; case study with both spouses filing simultaneously
40:20 — HP 25-1090 — Mandatory fee disclosure in effect January 2026; Zillow compliance still inconsistent
47:39 — HB 25-1249 — Security deposit rules; 10-year useful life on carpet; itemized receipts required
51:56 — How to Get Involved — Colorado Housing Coalition; ~$25/month for small landlords
Bills Referenced in This Episode* HB 26-1106 — Eviction protections for tenants (did not pass) * HB 26-1047 — Protections for residential tenants (did not pass) * HB 26-1036 — Local taxes on vacant residential property (did not pass) * SB 24-094 — Warranty of habitability * HB 25-1240 — Protections for tenants with housing subsidies * HB 25-1168 — Domestic violence tenant protections * HP 25-1090 — Fee disclosure / deceptive pricing practices * HB 25-1249 — Security deposit rules
Links in Podcast Brandon Scholten:* brandon@keyrenterdenver.com + Website: https://keyrenterdenver.com/
The Denver Landlord’s Digest— Brandon’s monthly newsletter covering legislation updates and day-to-day landlord resources
Colorado General Assembly Bill Tracker — Search all active housing bills by session
Colorado Housing Coalition — Landlord advocacy organization focused on small and independent rental property owners. Membership starts at ~$25/month
Keyrenter Denver — Full-service property management for the Denver metro area. Monthly management at 7.5–9% depending on portfolio size; half a month’s rent for tenant placement
Webinar Replays
Colorado Habitability Law Updates
Colorado Rental Law Changes Affecting Your Properties (2025)
New Colorado Rental Laws: What Changed On Jan 1st, 2026 and What You Need to Do Now.
Security Deposit Disputes in Colorado
Who is Keyrenter?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Denver home prices are flat and condo values are still sliding — here is your March 2026 Denver real estate market update. In Q1, homes across the metro held steady while condos dropped 6% year over year for the fourth consecutive quarter. As a result, that spread is creating two very different conversations for Colorado investors right now. Because the data tells such different stories depending on what you own, this episode breaks both of them down in detail.
Chris Lopez is joined by Brandon Scholten of Keyrenter Property Management and Troy Howell of Nova Home Loans for this month’s Denver real estate update. Brandon manages properties across the Front Range and, as a result, brings a ground-level read on where rents are moving. Meanwhile, Troy closes investment loans daily and tracks rate trends in real time — including a recent 3-plex deal that closed at 5.875% with $17,500 in seller credits. Since the buyer had a free-and-clear home to leverage, the deal was effectively 100% financed using a HELOC.
Beyond the price data, the March 2026 market update also covers stadium development along the Santa Fe corridor — the Broncos’ Burnham Yards, Denver Summit’s Santa Fe Yards, and Ball Arena’s 20-year mixed-use buildout. If those projects play out as planned, nearby property values could see a material impact. In addition, the episode includes a look at a distressed Aurora multi-family that sold for $12.4 million in 2019, yet currently carries a $10.5 million mortgage. Even though it was under contract at $6.4 million, the buyer still walked away after inspection.
In This Episode We Cover: Q1 2026 Denver real estate price data — homes flat, condos down 6% and what each trend signals * How Fannie and Freddie are loosening condo insurance requirements and whether it moves the needle * The $865K Westminster fourplex from the monthly property walk, with projected $20K year two cash flow * A creative 3-plex closing in Aurora — HELOC-funded, 5.875% rate, zero cash out of pocket * Why the $12.4M distressed Aurora building couldn’t sell at $6.4M — and what it says about the broader Denver market * Brandon’s take on whether the rental market’s worst softness is finally in the rearview * And So Much More!*
This March 2026 Denver real estate market update gives you the data, the deals, and the ground-level perspective to make a more informed decision on your next move. So whether you’re watching the Denver condo market or looking for your next rental property, this episode has something for you.
Watch the Youtube Videohttps://youtu.be/0qnj5nNy2lUTimestamps00:00 — Welcome and Panel Introductions — Brandon Scholten (Keyrenter Property Management) and Troy Howell (Nova Home Loans) join Chris for the Q1 2026 Denver market update
01:09 — Q1 2026 Denver Price Data — Homes up 2% year over year and generally flat; condos down 6% four quarters running, now flattening
03:07 — Colorado Springs Price Breakdown — More volatile quarter to quarter, similar overall trend with homes flat and condos negative
03:58 — Fannie and Freddie Loosen Condo Requirements — Insurance underwriting changes and what it may mean for the condo market
04:59 — Stadium Development Recap — Burnham Yards (Broncos), Santa Fe Yards (Denver Summit), and Ball Arena’s 20-year buildout plan
09:24 — What Record Attendance at Denver Summit Signals for the Area — And why Chris sees short-term rental and co-living opportunity near these corridors
11:41 — Property Walk Recap — $865K Westminster fourplex near 72nd and Tennyson, projected $8K year one and $20K year two cash flow with 25% down
18:24 — Aurora 3-Plex Closes at 5.875% — How a roofing contractor used a HELOC on a free-and-clear home to effectively 100% finance a $582K triplex
20:47— Distressed Deal Watch — Aurora multi-family bought at $12.4M in 2019, mortgage at $10.5M, under contract at $6.4M, buyer still walked
23:22 — Rate Outlook for 2026 — 52-week range of 5.98% to 6.89%, currently at 6.3%, and what employment data suggests about where rates head next
26:14— Rental Market Trends from Keyrenter — Why Brandon believes the worst of the softness is likely behind us, and where it lingered longest
Links in Podcast Troy Howell: troy.howell@novahomeloans.com + LinkedIn: Troy Howell + Website: https://www.novahomeloans.com/loan-officer/troy-howell/ * Brandon Scholten:* brandon@keyrenterdenver.com + Website: https://keyrenterdenver.com/
The National Observer: Office conversions surge as workplace dynamics shift
Baby boomers have an emerging rival in the housing market
Mortgage Rates
Aurora apartment complex at center of national controversy is for sale
View the Aurora 3-plex deal underwriting
Sign up for the deals list
Who is Keyrenter?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
After 20 years of buying and holding on the Front Range, the numbers finally said it was time to move. That moment of reckoning is exactly what this episode is about — and for anyone rethinking their Denver real estate portfolio strategy in 2026, it’s one of the most honest conversations we’ve had on this show. Adam Haman sat on an underperforming Aurora duplex longer than he should have, watched the ARM reset and the rents slide, and finally made the call. What came next is where it gets interesting.
Chris Lopez sits down with Adam Haman, a Denver-based real estate broker at Your Castle Real Estate and longtime Front Range investor. Adam manages his family’s portfolio alongside his brothers and sister, and has built his holdings from a single duplex purchase in his mid-20s to a mix of duplexes, townhomes, and a full 13-building fourplex development in Colorado Springs — all built to rent.
This episode is a real-time case study in portfolio rebalancing. Adam recently sold a problem duplex in Aurora after an ARM reset pushed his rate from 4.5% to 6.5% while Aurora rents dropped from roughly $2,200 per side to $1,800 — and staying full got harder. He walks through how he priced it, the lowball offers he received, and why he took a number that was lower than he’d hoped. At the same time, he’s doing a DSCR cash-out refi on a Greeley duplex he loves — locking a 30-year fixed at 6.5% and pulling out roughly $200,000 to redeploy into higher-yield income opportunities.
In This Episode:* Why an ARM adjustment and softening rents turned a cash-flowing Aurora duplex into a break-even liability * How Adam priced, listed, and ultimately sold the property — and what the buyer’s DSCR loan had to do with the final number * Where Adam sees buy-side opportunities right now, including Athmar Park and why he’s watching the Burnham Yards development * Why he’s making disrespectful offers on investment properties — and how to do it in a way sellers actually respond to * The Greeley duplex DSCR refi breakdown: 30-year fixed, $200K out, and why the spread into Dynamo Capital makes sense * How a $6,500 earnest money deposit in 2018 eventually led to ownership of an entire Colorado Springs fourplex complex * Why Adam is seriously looking at new construction duplexes in Texas — with builder rate buydowns under 4% and projected $600/month cash flow * Colorado legislation, rental licenses, and what rising compliance costs mean for small landlords
Watch the Youtube Videohttps://youtu.be/oaC-2wDXNEITimestamps00:00 — Welcome & Guest Introduction — Investor, Broker, 20 Years on the Front Range
01:32 — Adam’s Origin Story — Started at 25, Rookie of the Year, Then Sold Zero Homes in 2007
04:42 — Fail Fast Philosophy — Why He Wishes He’d Found Mentors Earlier
07:10 — The Aurora Duplex Problem — ARM Reset from 4.5% to 6.5% Plus Rents Sliding to $1,800
10:09— Walking Through the Sale — Listed at $575K, Final Number Around $539K and Why He Took It
14:10— Buy-Side Opportunities Right Now — Why Disrespectful Offers Are Back on the Table
15:00— Athmar Park Deep Dive — 18% Rent Decline, Burnham Yards, and the Path of Progress Question
16:08 — What Makes a Rental Perform — Lawns, Fenced Yards, and Two-Car Garages as the Formula
22:35 — Rebalancing Away from 100% Real Estate — Why He’s Diversifying Into Dynamo Capital
28:58 — The Greeley Duplex DSCR Refi — $200K at 6.5% Fixed and Why He Kept This One
25:17— Considering Texas — New Construction Duplexes at a 4% Rate Buydown Near San Antonio and Dallas
28:58 — The Greeley Duplex DSCR Refi — $200K at 6.5% Fixed and Why He Kept This One
36:47— Colorado Springs Fourplex Development — How $6,500 in Earnest Money Led to 13 Buildings
41:54— Colorado Legislation and Small Landlords — Rising Compliance Costs and What’s Changed
Links in Podcast Adam Haman — Your Castle Real Estate + 📞 303-550-5949 + Real estate broker and Front Range investor — reach out to connect, share a deal, or discuss the market* * Property Llama * Dynamo Capital Fund
Denver office investing in 2026 is drawing serious contrarian attention — and the numbers explain why. Class A buildings in the Denver Tech Center are trading at 30 to 50 cents on their last sale price. Some are selling for 65 dollars a square foot while replacement cost runs 500 dollars or more. For investors who remember multifamily in 2011, the setup looks familiar.
Matt Ritter co-founded Pinnacle Real Estate in 2006. Today, Pinnacle Real Estate has 50 brokers and 25 staff and is one of Colorado’s largest locally owned commercial brokerages. He also co-founded Knightbridge Capital, where he and partner Rick Yoshimoto have been actively acquiring distressed Class A office in the Denver Tech Center while most investors won’t touch the asset class.
In this episode, Chris Lopez and Paul DeSalvo sit down with Matt to break down the office thesis, what’s happening in multifamily, retail, and industrial, and what 25 years in Colorado CRE has taught him about investing at the bottom.
In This Episode: Why the floor may already be in for Denver office and what that means for buyers * Buying at 11 to 13% cap rates with 65% LTC bank financing at 6.5% * Target returns: 8-9% cash on cash quarterly and 20% net IRR * The 400 Inverness deal: 92% occupied at acquisition with 6+ years of weighted average lease term * How spec suites are driving leasing velocity in today’s market * Retail, industrial, and multifamily: where each asset class stands right now * Why suburban multifamily is outperforming central Denver * What Colorado’s legislative climate is doing to institutional investor interest* nationwide * First Bank’s acquisition by PNC and what it means for CRE lending in Colorado
Watch the Youtube Videohttps://youtu.be/ReoHF8ICc5wTimestamps00:00 — Welcome & Guest Intro — Matt Ritter, Pinnacle Real Estate and Knightbridge
02:33 — How Pinnacle Grew to 50 Brokers in 20 Years
06:03 — Paul DeSalvo’s First Multifamily Deal with Matt (2011)
13:30 — 1031 Exchange Compounding: How Paul Scaled Deal by Deal
10:24— Colorado Commercial Market Breakdown: Retail, Industrial, and Cap Rate Shifts
17:36— Why Matt Started Buying Denver Office in 2021
18:32— The Thesis: One Third of Office Has Terminal Cancer
20:21— Buying Class A Buildings at 65 Dollars a Foot in the DTC
26:40 — 400 Inverness Breakdown: 92% Occupied, 11.5 Cap at Acquisition
28:45— Investor Returns: 8-9% Cash on Cash and 20% Net IRR Target
29:24 — Multifamily Market Analysis: Where Prices Are Heading
32:00— Suburban vs Central Denver: Which Submarkets Are Holding Up
37:40 — Spec Suites and Why Tenant Demand Is Stronger Than Expected
42:12 — Colorado’s Legislative Climate and What It’s Doing to Investor Interest
45:00 — Stadium Developments and Reasons to Be Hopeful About Denver
47:03 — First Bank’s Sale to PNC and What It Means for CRE Lending
52:13 — Closing Advice from 25 Years in Colorado Real Estate
Links in Podcast* Pinnacle Real Estate * Knightbridge * Matt Ritter on LinkedIn * Matt’s direct line: 303-960-8033 * NMHC — National Multifamily Housing Council
This solo episode is a full breakdown of Chris Lopez’s 2026 real estate investment deals. He covers every position closed in Q1 and the active pipeline he’s evaluating right now. That includes a hotel conversion buying at roughly $30,000 a door and a Denver office deal at a 12 cap with 6.5% debt in place.
The shift from common equity to debt isn’t accidental. Chris walks through three Q1 investments: a Canadian debt fund, a preferred equity position in Western Ohio multifamily, and a fund acquiring non-performing loans. All three reflect a strategy focused on income and downside protection.
The episode also tackles a harder question. Should you stay focused on known asset classes or follow the numbers into new territory? The 2026 real estate investment deals on his radar include a bank-owned distressed multifamily portfolio in Denver and Colorado Springs, a niche Denver industrial deal with owner carry, and a 300-unit hotel-to-multifamily conversion. He’s also tracking an indoor kids entertainment private equity fund paying mid-to-high teens cash on cash.
The final segment covers debt fund due diligence. Chris explains why he now does on-site audits before writing a check. That means reviewing loan files, checking appraisals, verifying LTV compliance, and tracing bank account activity to reduce fraud risk.
Chris is bringing all three topics to the Passive Pocket Summit in Denver, April 30–May 2. Grab a ticket at passivepockets.com/summit and use code LOPEZVIP to save $100.
Watch the Youtube Videohttps://youtu.be/4AMPLsnwp8MTimestamps00:00 — Episode intro — solo format, what prompted this episode
00:25 — Passive Pocket Summit context — three speaking topics
01:11 — Capital allocation overview — the shift to debt over equity
01:57— Q1 2026 investments — Canadian debt fund, preferred equity (Western Ohio multifamily), non-performing loans fund
03:29 — Passive Pocket Summit promo — passivepockets.com/summit, LOPEZVIP code
03:58 — Emerging asset classes — the focus vs. diversify debate
04:35 Distressed multifamily in Denver and Colorado Springs — bank-owned portfolio
05:19 — Denver office at a 12 cap — 6.5% debt, 92% occupied, Park Meadows/DTC location
06:10 — Denver industrial deal — owner carry, niche supply/demand dynamics
07:10— Hotel to multifamily conversion — 300 units at ~$30K/door, $60–70K all-in basis
07:49— Indoor kids entertainment PE deal — mid-to-high teens cash on cash
09:19 — Debt fund due diligence — why Chris does on-site audits
11:24— Wrap-up and event reminder
Links in PodcastPassive Pocket Summit Use code LOPEZVIP at checkout — saves $100 on registration Event dates: April 30–May 2, Denver CO
Small multifamily deals in Colorado are producing cash-on-cash returns worth paying attention to in 2026. Three real deals just went under contract or closed along the Front Range.
In this episode, Chris Lopez sits down with real estate agent Jeff White and lender Troy Howell of Nova Home Loans. Together, they walk through three actual deals. Those are a Loveland fourplex at $685K, an Aurora triplex at $579K, and a Pueblo duplex at $300K. These are not hypotheticals. One is already under contract. Another closed just weeks ago. The numbers are real.
The Deals
Jeff walks through both the house hacker and investor scenarios on each property. For the Loveland fourplex, a house hacker with 5% down pays $458 per month in year one. Then, in year two, that same property cash flows over $1,076 per month. That works out to a 23.80% cash-on-cash return. For investors at 25% down, the fourplex delivers 6.50% cash-on-cash in year one. That is roughly three times the Denver metro average. Beyond that, Section 8 rates in Larimer County hit $1,732 per month for a two-bedroom. As a result, the numbers look very different from what most people expect.
The Pueblo duplex, meanwhile, introduces a different tool: DSCR loans. Troy explains how one investor used a cash-out DSCR on a free-and-clear property. As a result, she funded the down payment and reserves on the new purchase. In addition, the property appraised at $310K on a $300K purchase and came with a $10K seller credit. It also stabilized at a 7.72% cap rate with a 6.875% 30-year fixed rate.
The Portfolio Play
The episode also covers the strategy behind the Loveland fourplex. Specifically, an investor bought nine fourplexes for $5.2 million and has since been selling them individually. Chris, Jeff, and Troy break down the margin and the mechanics. In short, finding the right motivated portfolio seller remains one of the most underrated plays in Colorado real estate.
Watch the Youtube Videohttps://youtu.be/BF24OiyWDy0Timestamps00:00 — Welcome & Three-Deal Overview
03:25 — Loveland Fourplex — $685K, New Roof, Appraised at $715K
05:26 — The 0.75 Rent-to-Price Ratio Rule — How to Screen a Deal Fast
08:40— House Hacker Pays $458/Month in the Loveland Fourplex
11:19— Investor Scenario — 6.5% Cash-on-Cash Year One, 3x Denver Average
12:39— Reserves Deep Dive — The 10% Rule on a 1980s Building
16:13 — Aurora Triplex at $579K — All-Brick, Month-to-Month Leases
17:44— Aurora Numbers — $517/Month House Hack, 8.33% COC Investor Year Two
20:38— Pueblo Duplex at $300K — Seller Credit, Four-Car Garage, Appraised at $310K
22:01 — DSCR Loans Explained — Qualify Off Rental Income, Not Your W2
35:40— The Nine-Fourplex Portfolio Play — How Bulk Buying Creates Margin
Links in PodcastDeal Analysis Spreadsheet — Troy Howell’s underwriting spreadsheet
Weekly Deals Email List — Sign up to receive Front Range multifamily deals from Jeff White weekly
Strategy Call — Book a consultation with Chris, Jeff, or Troy
Connect With Our GuestsTroy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Website: https://www.novahomeloans.com/loan-officer/troy-howell/
Jeff White: jeff@envisionrea.com
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
The Denver February 2026 market update is here, and active listings nearly hit 9,000 — 5% above last year — with Chris Lopez calling for inventory to break 15,000 before summer. At the same time, rates briefly touched below 6% for the first time in recent memory, triggering a refi wave that helped some borrowers drop from 6.625% to 5.75% with closing costs covered. The purchase market, though, barely flinched.
Chris Lopez hosts the Denver February 2026 market update roundup with Brandon Scholten of Keyrenter Property Management and Troy Howell of Nova Home Loans. Together they dig into the latest DMAR report numbers, two deals that closed this month, and some candid takes on where Denver’s apartment market, condo segment, and office sector are actually headed.
On the deals side, Troy walks through a Pueblo duplex acquisition where the buyer used a DSCR cash-out refi on a free-and-clear rental to cover the full 30% down — plus walking away with cash left over. And an Aurora 14-bed triplex that went from a webinar deal to a signed contract to a 3pm closing, all at 5% down, a $27K seller credit, and a 5.625% rate on a 30-year fixed.
In This Episode We Cover: Why Denver’s inventory jump in February was historically unusual * Who actually locked when rates dipped below 6% — and what they saved * Chris’s call that closed prices will fall further in 2026 * The Fannie Mae condo rule that’s killing deals in otherwise solid complexes * How one investor bought a Pueblo duplex with no cash out of pocket * The Aurora triplex that went from webinar deal to closing day in one month * Why stadium proximity rarely pays off the way investors expect * Denver’s real apartment vacancy rate — and why 2028 looks very different * The affordable housing fee lawsuit and what it means for small developers * Where downtown office demand* is actually going
Whether you’re managing existing rentals, watching for the right entry point, or actively building your Colorado portfolio, this episode gives you the ground-level data and deal examples you need to make sharper decisions this spring.
Watch the Youtube Videohttps://youtu.be/7P4EG-QAbdUTimestamps00:00 — February Denver Market Overview — Active Listings Up 5% Year Over Year to Nearly 9,000
03:27 — New Listings Jump 9.25% From January — Why This February Was Unusual
04:15 — Rates Briefly Dip Below 6% — Troy on Who Actually Locked and What They Saved
06:19— Closed Prices Down 3% Year Over Year — Why Chris Expects Further Declines in 2026
08:57 — Colorado Springs Snapshot — Homes Down 2–4% While Condos Surprise to the Upside
09:58 — The Condo Lending Problem — Why Fannie Mae Is Killing Deals in Complex Communities
14:01 — Deal: Pueblo Duplex Financed 100% Using a DSCR Cash-Out Refi on an Existing Rental
18:34— Deal: Aurora 14-Bed Triplex — 5% Down, 5.625% Rate, $27K Seller Credit
22:10 — Should You Buy Near the New Broncos Stadium? The Panel Gets Honest
31:01 — Apartment Vacancy Is 12.3% When You Count Unrented New Units — And What Changes by 2028
33:05 — Apartment Permits Down 43% Since 2021 — The Supply Math That Points to Recovery
37:50 — RedT Lawsuit Dismissed — Denver’s Affordable Housing Fee Fight and What It Means for Builders
42:10— Downtown Denver Office Losses Top $1 Billion — Where the Demand Is Actually Going
46:31 — Wrap and Panel Final Thoughts
Links in PodcastThousands of apartments sit empty around the Denver metro, but experts warn a shortage may be looming.
How offering $50,000 and free rent helped one Denver apartment building stand out
Homebuilder loses lawsuit calling Denver affordable housing fee ‘extortion’
Downtown Denver office losses top a billion, with more to come
DMAR February 2026 Market Trends Report (member-only)
Metro Denver’s housing market revs up as affordability improves
Golden Triangle apartment complex raises bar for incentives to attract tenants
Apartment rents fall to early 2022 levels in metro Denver
Connect With Our GuestsTroy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Website: https://www.novahomeloans.com/loan-officer/troy-howell/
Brandon Scholten: brandon@keyrenterdenver.com
- Website: https://keyrenterdenver.com/
Who is Keyrenter?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Canada’s residential mortgage market is a $32 billion annual asset class in Ontario alone. Plus, it’s structurally undersupplied. Unlike the US, Canada has no 30-year fixed mortgage. As a result, strict banking regulations push Canadian homeowners into the private lending market every few years. That forced refinancing cycle produces delinquency rates roughly one-eighth of what US private lenders see. On top of that, the recourse process in Canada runs just 60–90 days. Chris Lopez sits down with Hugh Tawney, founder of Leeward Capital Partners. Together, they walk through how Property Llama Capital gained access to this market and why they made it part of their Capital 3 fund.
Hugh brings an institutional finance background in public equities, fixed income, life settlements, venture, and structured credit. Before founding Leeward, he spent years building fund vehicles across multiple asset classes. His CFO managed fund accounting for 38 entities at a Denver venture firm. His COO, meanwhile, helped build ArrowMark’s multifamily origination platform — a $5 billion book. Their Canadian operating partner, Aman Mann, ran a mortgage investment company from 2017 to 2023. In total, he originated approximately 500 loans with zero impairment of principal.
The fund focuses on first and second lien residential mortgages — bridge loans, fix and flip, and short-term refinances. Currently, the portfolio sits at a 76.4% weighted average LTV with an 80% hard ceiling. Also worth noting: two-thirds to three-quarters of the loan book is owner-occupied. Homeowners, after all, default at a fraction of the rate that investment property owners do. For third-party validation, the fund works with Baker Tilly (tax and audit), NAV Consulting (fund administration), UMB (custody), and Stout (quarterly independent valuations).
In This Episode We Cover: Why Canada’s lack of 30-year fixed mortgages creates a structural private lending opportunity every 3–5 years * How Ontario’s power of sale process delivers 60–90 day recourse vs multi-year US foreclosure timelines * The tax structure that classifies fund distributions as qualified dividends — potentially a 30–50% reduction in tax burden vs ordinary income * How currency hedging via forwards contracts protects principal at a cost of 8–15 basis points * The pending leverage strategy projected to take gross yields from 12% unlevered to 20% levered * Why Leeward targets the lower end of the Canadian market — less competition, more inefficiency, higher yields * The 15-month liquidity window* and how it mirrors a short-term bond fund duration with a private credit return profile
If you’re an accredited investor looking at private credit and want to understand an asset class that most US investors have never encountered — this is the episode to start with. Property Llama’s due diligence included a three-to-four day on-site asset tour in Toronto and a personal investment from Chris before the fund was opened to the broader investor community.
Watch the YouTube Videohttps://youtu.be/GvF4XBzzJJsTimestamps00:00 — Welcome & Executive Summary — What this fund targets and why
04:32 — Chris Lopez — 15 years as an active investor turned passive
08:30 — How Property Llama Found Leeward — Due diligence and the Toronto asset tour
10:26 — Hugh Tawney — Leeward Capital founder and institutional finance background
14:25— Why Canada Has No 30-Year Fixed Mortgage — And what that creates for private lenders
15:55 — Power of Sale vs Foreclosure — How Canada’s 60–90 day recourse process works
23:15— The Private Lending Opportunity — Why Canada pays 300–500 bps more than the US
25:45 — The Tax Advantage — How this fund achieves qualified dividend treatment
40:20— Currency Hedging — Protecting principal across USD and CAD
42:47 Leverage Strategy — How the fund projects a move from 12% to 20% returns
47:58— Fund Terms & Third-Party Validators — Minimums, lockup, and who’s watching the books
57:30 Canadian housing crash fears, IRA/UBIT considerations and next steps
Links in PodcastInterested in learning more about the Leeward opportunity? PLC 3 LLC: PL Leeward 1 Data Room
Property Llama Capital
Passive Pockets Summit — use code LOPEZVIP for $100 off
Passive Pockets Podcast (hosted by Chris Lopez)
Most Colorado investors have never seriously considered industrial real estate. At first, it feels like a different world — big buildings, commercial tenants, unfamiliar terminology. But once you understand how the asset class actually works, it starts to look a lot like the multifamily investing you already know, just with fewer headaches.
To start, industrial real estate covers a wide range. On one end you have a 2,000 square foot bay rented to an HVAC company. On the other end, million square foot distribution centers broken into 20,000-50,000 square foot bays. For individual investors, though, the sweet spot is the middle — small-bay multi-tenant buildings in the $1-4 million range where spaces run 1,500 to 5,000 square feet. These attract the same kinds of small businesses that keep renewing: trade contractors, lumber companies, light manufacturers. Tenants that need space and don’t want to move. And in a triple net lease, those tenants pay your taxes, your insurance, and your maintenance costs. You collect the check.
That’s where Drew Williams comes in. Drew is an industrial and retail broker at North Peak Commercial Brokers in Denver. Over the last four years he’s focused on exactly this segment of the market — multi-tenant industrial along the Front Range — and in this episode he walks through the asset class from the ground up. Deal types, tenant profiles, how to read a cap rate, what flex industrial actually means, and how to think about risk when you’re underwriting a business instead of a household.
From there, the conversation turns to where the 2026 Denver industrial real estate market stands right now. Prices have pulled back. The ask-to-close gap has averaged 15% over the last 12 months. Meanwhile, rents have held flat at $12-13 per square foot triple net while expenses have climbed. On top of that, lenders now want 35-40% down and a 1.3 DSCR. It sounds like a tough market — and in some ways it is. Still, Drew explains why these conditions are also creating real opportunities for buyers who know how to find them.
In This Episode We Cover: What industrial real estate actually is — deal types, tenant profiles, and the difference between small bay, flex, and single tenant * The three buyer profiles — passive investor, owner-user, and syndication group — with real Denver deal examples * How triple net leases work and why tenants pay taxes, insurance, and maintenance * Where the 2026 Denver industrial real estate market stands — cap rates, rents, price per square foot, and the 15% ask-to-close gap * The value-add playbook — converting gross leases to triple net* and recovering expenses landlords have been absorbing for years * The three physical features that make a Denver industrial building significantly easier to lease and sell * The zoning trap that turns a promising purchase into an expensive mistake
If industrial real estate has ever been on your radar but felt too unfamiliar to pursue, this episode is the place to start — and if you’re already looking at the 2026 Denver industrial real estate market, Drew gives you the ground-level data to move with confidence.
Watch the YouTube Videohttps://youtu.be/YNNetKjReDgTimestamps00:00 – Welcome & Introductions
01:30 – Drew’s Background – Tech consulting to leading North Peak’s industrial team
02:44– What Is Industrial Real Estate? – 2,000 sq ft to million sq ft complexes
03:50 – 3 Buyer Profiles – Passive investors, owner-users, and syndications
05:44 – Stabilized vs. Value-Add – Two main investment strategies
06:58 – What Is Flex Industrial? – Office-to-warehouse ratios explained ’
08:50– Underwriting a Stabilized Deal – 7% cap, 35-40% down, 1.3 DSCR
15:06– How Long Should You Hold? – 5-7 year holds and lease value decay
22:52 – What’s Driving the Price Pullback? – 15% ask-to-close gap, flat rents at $12-13/sq ft
24:22– Value-Add Playbook – Gross to triple net conversions and deferred maintenance
26:56– Lease-Up Timelines – Why deals now take 4-8 months to fill
29:35– Where the Opportunities Are – Yard space, clear heights, and access
35:55 Policy & Market Uncertainty – Why most investors are still holding
40:38– Energize Denver – 30,000 sq ft threshold and compliance fines
41:58– Multifamily Investors Moving to Industrial – Why triple net is winning
43:06 – Advice for Transitioning Investors – Start small-bay multi-tenant, know your zoning
48:15 Risk Tolerance – Matching your investment profile to the right deal
52:20 Zoning Pitfalls – How a change of use can kill a deal
55:42 – How to Reach Drew – 303-917-5232 | drew@northpeakcre.com
Connect with our GuestsDrew Williams:
drew@northpeakcre.com
303-917-5232
Links in PodcastNorthPeakCRE
Drew referenced two active North Peak listings during the conversation — both available now in the Denver metro:
3600 S Huron St, Englewood CO 80110 — $1,750,000 8,000 SF brick flex building near the Santa Fe and 285/Hampden junction. Includes a 4,500 SF fenced yard, two drive-in doors, and a new 5-year NNN lease in place. Strong 1031 exchange candidate with long-term redevelopment upside.
2610 S Raritan Circle, Englewood CO 80110 — $9.90/SF 10,200 SF industrial available for lease. 18-foot clears, two drive-in doors, two dock doors, I-2 zoning. Works for an owner-user or investor with a tenant ready to move in.
Energize Denver — Check If Your Building Is Covered
Denver fix and flip margins are shrinking, condo inventory just hit 11 months, and some DSCR lenders are approving loans at 0.75 debt service coverage. That’s not a typo. For anyone trying to get a clear Colorado real estate outlook for 2026, the signals are mixed — and most of them you won’t find in the MLS.
To help make sense of it all, Chris Lopez sits down with Kevin Amolsch, founder of Pine Financial, a Colorado private lender that has originated over $1 billion in loans across 2,800 transactions since 2008. Beyond lending, Kevin is actively buying commercial buildings, demising flex warehouse space in Broomfield, and stripping cellular tower leases off office properties the way some investors strip mineral rights. As a result, he has a front-row seat to what’s actually working — and what’s quietly blowing up.
In this episode, Kevin shares what Pine’s current deal flow reveals about the Colorado real estate outlook for 2026 and why he’s moved away from residential toward commercial assets. He and Chris also have a candid back-and-forth on the Denver price forecast — Kevin expecting flat, Chris leaning slightly negative. From there, they dig into why the condo and attached product market may be the riskiest place to be right now.
In This Episode We Cover: Why Kevin sees fix and flip margins compressing — and what experienced flippers are doing about it * The DSCR loan warning every Colorado investor needs to hear before refinancing a BRRRR * Kevin’s honest breakdown of Denver’s 2026 price outlook: detached, attached, and multifamily * How Kevin is stripping cellular leases off his office building like mineral rights — and what they sell for * Why ground-up townhome development is struggling and what the 11-month condo inventory actually means * The 10-year treasury vs. risk spread* explained clearly, and what Trump’s MBS buying could actually do * Why Kevin is price-checking his subs and vendors right now — and why you probably should be too
If you’re trying to get a clear Colorado real estate market outlook for 2026 — and figure out what moves actually make sense right now — this is the episode to listen to.
Watch the YouTube Videohttps://youtu.be/rWL6gxboybgTimestamps00:00 – Welcome & Kevin Amolsch Introduction – Pine Financial founder returns
01:20 – Pine Financial Overview – $1B+ in originations, 2,800 transactions, $250M under management
03:20 – New Office Building in Littleton – Bought 24,000 sq ft Wells Fargo building at 7 cap
05:59 – Cellular Lease Strategy – Stripping tower leases like mineral rights, sells at 3.5–4.5 cap
07:33– Office Rehab Lessons – Why Office-to-Apartment Conversions Are So Hard
10:33 – Broomfield Flex Warehouse Deal – 18,000 sq ft, 4 small-bay suites, recovering a troubled partnership
12:27– Fix and Flip Market Right Now – 10% discounts on wholesale deals, six-figure rehab budgets
15:40 – Flipper Margins Shrinking – Why experienced investors won’t touch a deal under $100K net
19:24– Denver Price Forecast for 2026 – Kevin: flat on detached. Chris: slightly negative (1–3%)
21:49 Condo Market Warning – 11 months of inventory, why Kevin calls it riskiest asset class right now
22:42– Multifamily Supply Glut and When It Burns Off – Vacancy near 10%, stabilization likely 2027
25:53– DSCR Loan Landscape – Loans at 0.75 DSCR, five-year prepay traps, what to watch for
27:44– BRRRR Reality Check – Cash-in refinances are common now, full pulls are rare
29:27– Ground-Up Construction Struggles – Why new townhome developments are sucking wind
33:26– Interest Rate Mechanics Explained – 10-year treasury vs. risk spread, Trump MBS buying
36:00 – Macro Outlook: Rates, Fed Chair, Unemployment – Why Kevin expects just one cut in 2026
Connect with our GuestsKevin Amolsch kevin@pinefinancialgroup.com
Links in PodcastATTOM Property Data
Pine Financial
Something shifted in January — and this January 2026 Denver real estate market update breaks down exactly what’s happening. Rents are resetting to 2018 levels. A third of all available apartments were built in the last decade. Colorado now ranks 5th nationally for outbound moves. 55% are leaving the state — the highest since 1990. Landlords across the Front Range are holding rents flat or cutting them just to keep units filled. But here’s what most people are missing — this same pressure is creating buying opportunities that haven’t existed in over a decade.
Chris Lopez sits down with his monthly market panel. Troy Howell with Nova Home Loans, Jeff White with Envision Advisors, Jenny Bayless covering Colorado Springs, and Shawn Riley from KeyRenter Denver all join the conversation. The group digs into the numbers. They share what they’re seeing firsthand from their own portfolios, clients, and deal flow.
Things get real when Chris reveals a fourplex across the street from his own just sold at his 2018 purchase price. That confirms what the data has been showing about multifamily. Then the panel unpacks a $30 million foreclosure on four central Denver apartment buildings. Zero bidders showed up at auction. Colorado residential land now averages $942,200 per acre — up 174% in a decade. That’s why starter homes have disappeared entirely. And Shawn Riley shares that rents on condos and townhomes are down 7-10%. Apartments are offering up to three months free rent, making it brutal for older inventory to compete.
In This Episode We Cover: Colorado Springs hits 4.5 months supply — officially tipping into a buyer’s market while prices hold mostly steady * Why Denver inventory is building 7-8% year over year and new construction spec homes still aren’t moving even with builder-subsidized 4% rates * The rental market resetting to 2018 levels and why landlords are holding rents flat to avoid costly turnover * Section 8 developments including Denver paying 120% of fair market rents but freezing new voucher issuance and rent increases * Room by room rental demand softening — what co-living operators need to know heading into spring * Why the panel says this is Colorado’s first real buyer’s market in a decade and the 1031 exchange strategy to capitalize on it * The new Fed chair nomination and what rate improvements of 0.50-0.75%* from last year mean for refinance opportunities
If you’ve been waiting for a 2026 Denver real estate market update that actually tells you where the deals are, this is it. Whether you’re sitting on single family properties eyeing a move into multifamily, a landlord figuring out the right rent price, or an investor ready to pick up distressed deals at steep discounts, the panel breaks down exactly where things stand right now.
Watch the YouTube Videohttps://youtu.be/LJq5IzPcPbMTimestamps00:00 — Welcome & Guest Introductions
01:13 — Colorado Springs January Stats — New Listings Nearly Double
03:44— Denver Boots on the Ground — Relisting Surge & Condo Financing
05:39 — Denver Metro Trends — Inventory Building & Prices Flat
07:44 — Colorado Land Up 174% — Why Starter Homes Don’t Exist
09:40— Builders Sitting on Unsold Spec Homes
11:11— Colorado Ranks 5th for Outbound Moves
11:55— Rental Market Reset — Rents Feel Like 2018
15:45— Room by Room Rentals — Flat Rents & Co-Living Rebrand
21:58— Section 8 Voucher Changes & Denver Paying 120% of Fair Market Rents
27:51 — Multifamily at 2018 Prices & $30M Foreclosure With Zero Bidders
35:05 — Renting vs. Buying — Jenny’s Real Numbers Comparison
37:53 — Mortgage Rates & New Fed Chair Nomination
41:24— Buyer’s Market Playbook — Time for Disrespectful Offers
Connect with our GuestsJeff White: jeff@envisionrea.com
Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Website: https://www.novahomeloans.com/loan-officer/troy-howell/
Shawn Riley: shawn@keyrenterdenver.com
- Website: https://keyrenterdenver.com/
Jenny Bayless: Jenny@envisionrea.com
Links in PodcastApartment vacancy in metro Denver reaches highest rate in 16 years, pushing down rents again
Realtors say it’s still a buyer’s market in Colorado, but high housing costs keep renters renting
Mortgage Calculator
Lender forecloses on four central Denver apartment buildings
Denver Multifamily Hits 2009 Cap Rates (8 Indicators We’re at the Bottom)
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Who is Keyrenter?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
What if you could cut your deal analysis time by 80%?
Joel Bechtel was drowning in broker documents. T12s in one format. Rent rolls in another. OMs that looked completely different from the last five he’d reviewed. After spending hours copying and pasting data into Excel spreadsheets only to discover a deal wouldn’t work, he built multifamily underwriting software, Deal Flow Pro to solve the problem.
Chris Lopez sits down with Joel, a software entrepreneur who spent 18 years building tech companies before pivoting to focus on his real estate portfolio. Joel currently owns 20 doors and recently analyzed 90 multifamily properties across Columbus, Nashville, and Raleigh markets. Deal Flow Pro extracts data from broker documents and runs underwriting in minutes instead of hours.
The numbers are striking. What used to take 1-2 hours per deal now takes 10-15 minutes. That’s the kind of efficiency that lets you actually find deals worth pursuing instead of burning out on spreadsheet work.
In This Episode We Cover: The Gmail hack Joel uses to automatically filter broker leads into a dedicated inbox for AI processing * Why most investors waste hours on deals that will never work and how to filter faster * How Deal Flow Pro extracts data from T12s, rent rolls, and OMs automatically * Current vs pro forma analysis and which variables actually matter when tweaking numbers * The St. Louis deal that looked perfect on paper until due diligence revealed a critical problem * How to sanity check AI results without adding hours back to your workflow * Market metrics that matter including flood zones, fair market rents, and census data * Why zero closings from 10 LOIs* is actually normal in today’s market
Joel also shares advice for investors who want to bridge into entrepreneurship, including why community and masterminds matter more than going it alone. Plus, why jumping from your W2 too quickly can actually hurt both your investing and your ability to get loans.
Watch the YouTube Videohttps://youtu.be/yKFUQ2hUJaMTimestamps00:00 – Welcome & Episode Introduction
01:54– From 18 years in software to real estate investing
05:15 – Broker document chaos that sparked Deal Flow Pro
07:05 – How AI extracts data from T12s, rent rolls, and OMs
09:16 – Safeguarding against AI Hallucinations
12:36 – From 90 deals to 10 LOIs
15:11 – Fact checking market metrics: flood zones, rents, census data
17:13 – St. Louis due diligence story
22:02– Time savings: 2 hours down to 10 minutes
25:53– Merging investor and entrepreneur paths
33:00 – Deal Machine integration + where to find Deal Flow Pro
Links in PodcastDeal Flow Pro – AI deal analysis software for multifamily investors
- Website: dealflowpro.io
- Promo Code: “Chris Lopez” for 14-day trial (no credit card required)
Deal Machine – Off-market lead generation tool
Crexi – Commercial real estate listing platform
LoopNet – Commercial real estate marketplace
Denver multifamily 2026 cap rates just hit 6 to 6.5 percent. This is the first time since 2009. Furthermore, Denver’s highest-volume multifamily brokers believe this marks the bottom. Meanwhile, many investors wait for blood-in-the-water distressed sales. However, NorthPeak Commercial Advisors see something different in Denver multifamily 2026. Instead, they’re seeing fair pricing on quality assets. Additionally, buyer activity is returning after a two-year freeze.
Chris Lopez sits down with Kevin Calame and Matt Lewallen. They’re co-owners of NorthPeak Commercial Advisors. They’re also 30-year business partners. Previously, they survived Denver’s largest condo conversion operation collapsing in 2007. Now, their firm handles more multifamily transactions than any other Denver brokerage. As a result, this gives them unmatched visibility into what’s trading in Denver multifamily 2026.
Kevin and Matt don’t sugarcoat the challenges. For example, transaction volume is down 75 percent. Similarly, insurance jumped from $500 to $1500 per unit and North Aurora won’t sell at any price. Nevertheless, they lay out multiple data points. These suggest the Denver’s multifamily 2026 market has found its floor.
This episode delivers real-world insights you won’t find in generic reports. For instance, Kevin shares a recent Denver multifamily 2026 showing. It drew 12 buyers after months of zero activity. Meanwhile, Matt explains why admitted insurance carriers are positioning to return. He also covers the “extend and pretend” banking strategy. Consequently, this might prevent the distressed wave many expect.
They break down recent deals. Specifically, one is a 24-unit Arvada property. It’s structured as a master lease option. Another is a Thornton retail acquisition at a 7 cap. In fact, that deal has 30 percent below-market rents.
Kevin and Matt explain why this downturn feels harder than 2007. Essentially, it’s the perfect storm. First, rising rates went from 3% to 6.5%. Second, there’s oversupply with 18,000 deliverable units. Additionally, expenses are spiking. Also, insurance is chaotic. Finally, unfriendly legislation is hitting Denver multifamily simultaneously.
But unlike the Great Financial Crisis, properties aren’t flooding back to banks. Instead, Denver multifamily 2026 is stabilizing at healthier fundamentals. Cornerstone Property Management’s data shows renewal rates just increased 14 percent. This is after two years of decline. Moreover, NOI is steadying. Therefore, buyers who purchase Denver multifamily 2026 properties at today’s 6+ cap rates can expect realistic returns. Those are 7-8 percent annually. As a result, they’ll likely look back in 18 months satisfied with their timing.
In This Episode We Cover: Why Denver multifamily 2026 cap rates returning to 6-6.5% signals a healthy market (not a crisis) * How NorthPeak Commercial Advisors closes double the Denver multifamily transactions of any competitor * The insurance crisis that pushed costs from $500 to $1500 per unit and why relief is coming * Recent showing with 12 buyers proves Denver multifamily 2026 market is waking up * Creative deal structures: master lease options, seller financing, and assumption deals * Why North Aurora won’t sell at any price while core Denver stabilizes at 6 caps * Cornerstone data shows 14% renewal rate increase—first positive rent signal in two years * Proper expectations for Denver multifamily 2026 buyers: 7-8% returns are the new normal*
Kevin and Matt built NorthPeak by surviving the 2007 crash, unwinding a $15 million condo conversion empire, and grinding through survival mode to become Denver’s top multifamily brokerage. Their 17 brokers make hundreds of calls daily, giving them real-time market data that generic reports miss. Whether you’re holding assets wondering if you should sell or sitting on capital waiting for the perfect entry, this episode provides the data-driven analysis Colorado investors need to make informed decisions in 2026.
Watch the YouTube Videohttps://youtu.be/KrXKPX5NylcTimestamps00:00 – Welcome & Episode Introduction
01:55 Kevin & Matt’s 30-Year Partnership Origin
09:09 – Starting NorthPeak in 2020
13:23 – 2025 Market vs 2007 Comparison
15:43 – Market Bottom Indicators
19:02 – Perfect Storm (Rates, Oversupply, Insurance, Legislation)
23:18– Insurance Crisis ($500 to $1500 Per Unit)
27:26– Buyer and Seller Expectations Closing
28:47 – Creative Deal Structures That Work
32:27 – Recent Deals and Creative Structures
34:00 – Master Lease vs Seller Carry Explained
35:40 – Retail Deal in Thornton at 7 Cap
40:21– North Aurora Completely Frozen
44:53– Where to Find Value in 2026
48:56 – Working with NorthPeak CRE
Links in PodcastNorthPeak Commercial Advisors
Email Kevin Calame kevin@northpeakcre.com
Email Matt Lewallen matt@northpeakcre.com
Carleton H. Sheets ‘No Down Payment’ Real Estate Program
After 600 episodes and nine years of interviewing Colorado’s most successful real estate investors, podcast host Chris Lopez shares the five most important Colorado real estate investing lessons he’s learned—lessons that fundamentally changed how he builds portfolios, navigates market cycles, and adapts investment strategy.
Since launching July 7, 2017, Chris has interviewed hundreds of Colorado investors: deca-millionaires who built massive portfolios, investors who survived the 2008 crash and rebuilt stronger, and specialists in lending, insurance, and property management who understand market mechanics better than anyone. This milestone episode distills nearly a decade of accumulated Colorado real estate investing lessons into actionable insights for investors at any experience level.
The biggest revelation? Real estate moves far slower than most investors anticipate. Chris shares why he called the 2022 market top correctly, sold multiple residential properties, and shifted capital into multifamily and private lending—but still underestimated how long market corrections take to play out. He reveals why “I’d rather be a day late than a day early” became his investing mantra and what Brian Burke’s quote about “time to sit on the beach” taught him about patience.
Chris also addresses the Colorado-specific challenges reshaping local investing: property insurance costs now rank second-highest in the nation (behind only Florida), legislative headwinds continue reducing investor demand, and the growth wave from 2012-2023 has definitively ended. These trends require completely different strategies than what worked five years ago, making these Colorado real estate investing lessons more relevant than ever.
In This Episode We Cover: Why consistency over 15-20 years beats trying to time perfect market entry * How market cycles never repeat exactly—multifamily crashed while residential held in 2022-2025 * The five-step framework for adapting strategy when both markets and personal life change * Why looking at 50-year interest rate trends reveals patterns 10-year data misses * How Chris’s portfolio strategy evolved from single investor to family man with three daughters * What diversifying across asset classes and capital stack positions protected during volatility * Why Colorado insurance and legislative trends now require different underwriting than 2019*
Whether you started listening in 2017 or discovered the podcast recently, this episode offers perspective you can’t get anywhere else: the accumulated wisdom of 600 conversations with the people who’ve actually built wealth through Colorado real estate. Chris shares not just what worked, but what he got wrong and how he adapted—delivering Colorado real estate investing lessons that only come from nine years of interviews and real market experience.
Share your story: Email chris@propertyllama.com or fill out the survey link to tell us how this podcast has impacted your investing journey. We’d love to hear which episodes helped you buy your first property, avoid a bad deal, or connect with the right resources at the right time.
Thank you for being part of this journey. Here’s to the next 600 episodes of helping Colorado investors build long-term wealth through real estate.
Watch the YouTube Videohttps://youtu.be/-JoxdgN0sTgTimestamps00:00 Welcome to Episode 600 – Milestone Reflection
01:31 Why I Started This Podcast – Using the Microphone to Get Smarter
02:53 Lesson 1: Consistency Wins – Why Staying in the Game for 15-20 Years Matters
03:37 Lesson 2: History Doesn’t Repeat, But It Rhymes – Market Cycles Never Play Out the Same
04:51 Lesson 3: Adapting to Market AND Life Changes – From Single Investor to Family Man
06:06 Lesson 4: Real Estate Moves Slower Than You Think – Brian Burke’s “Beach Time” Quote
08:43 Lesson 5: Look at 50-Year Trends, Not Just 5-Year Data – Interest Rates Since the 1970s
10:01 Colorado Insurance Now 2nd Most Expensive in US – Legislative Headwinds Impact
10:45 Thank You to 600 Episodes of Guests and Listeners – Share Your Story
Links in PodcastProperty Llama: https://propertyllama.com
Envision Advisors: https://envisionadvisors.com
Colorado leads the nation in home insurance premium increases
Podcast #1: Accidental Denver Landlord to 80 Properties
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The Denver December 2025 market update reveals a shifting landscape for real estate investors. Inventory ended the year at 7,600 active units – up 10% from December 2024 but down sharply from November’s 10,500 units as sellers pulled listings heading into the holidays. The bigger story? Attached properties (condos and townhomes) surged 20% year-over-year while detached homes stayed relatively flat, signaling where market pressure is building. Then the new year arrived and everything accelerated.
Chris Lopez hosts Troy Howell from Nova Home Loans and Jeff White from Envision Advisors to cover Denver’s December 2025 market update. The panel covers Denver metro year-end trends, interest rate movements, and what just happened in the first week of the new year. Over 20 small multifamily properties hit the market in just the first 8 days of January – an unusual flood of inventory during the worst season to sell. Troy reveals interest rates dropped nearly a full percentage point year-over-year (from 7.04% in January 2025 to 6.16% in January 2026) with predictions for continued decline, while data shows 6%+ mortgages now outnumber sub-3% loans nationwide, signaling the lock-in effect may finally be breaking.
The panel digs into what December’s inventory patterns mean for 2026 buying opportunities, examining why motivated sellers are listing in winter and how this creates negotiation leverage. Jeff conducts live underwriting of a $750K 4-plex near South Broadway that dropped $139K in price, walking through actual spreadsheet analysis comparing house hacking (5% down, 9.39% cash-on-cash return) versus traditional investing (25% down, 5.75% return). Both strategies dramatically outperform the 1-2% market average most investors are seeing, proving cash flow still exists in Denver’s current market conditions.
Watch the Youtube Videohttps://youtu.be/zKNDot-SdjEIn This Episode We Cover: December 2025 inventory recap: 7,600 units (up 10% YoY from Dec 2024), why attached properties jumped 20% while detached stayed flat * Why 20+ small multifamily listings flooded Denver in January 2026’s first 8 days during the worst selling season * Interest rate trends: Down from 7.04% (Jan 2025) to 6.16% (Jan 2026), with VA loans reaching low 5% range * How the lock-in effect is ending as 6%+ mortgages now exceed sub-3% mortgages nationwide * Live underwriting showing $750K 4-plex delivering 9.39% returns for house hackers vs 5.75% for investors * Colorado Springs new construction duplex deal with 100% VA financing and 12-month occupancy flexibility * Why properties are selling at 2018-2019 price levels* and what this means for long-term investors
December’s data confirms inventory is building but hasn’t reached problematic levels – we’re still well below the 15,000-30,000 units seen during the 2008-2012 period. The seasonality cliff from 14,000 summer units down to 7,600 by year-end is normal, but what’s not normal is the January 2026 surge of motivated sellers listing during peak winter. Troy explains how current rates make deals pencil again after years of struggle, while Jeff’s spreadsheet analysis proves the math works for both house hackers and traditional investors.
Subscribe to our reactivated deal alert emails and join our February 2026 webinar for deeper small multifamily analysis as we track how this inventory surge plays out through the year.
Timestamps00:00 – Welcome & New Year Market Update Introduction
01:43 – December Inventory Analysis: 7,600 Active Units Up 10% Year Over Year
04:15 – Why Attached Properties Jumped 20% While Detached Stayed Flat
07:15 – The January Flood: 20+ Small Multifamily Listings in 8 Days
12:47– Live Deal Analysis: $750K 4-Plex Near South Broadway (Dropped $139K)
16:23 – House Hacking Numbers: Live in Your Unit for $1,338/Month
19:20 – Investor Analysis: 5.75% Cash-on-Cash vs 1-2% Market Average
25:28 – New Construction Duplex Deal: 100% VA Financing in Colorado Springs
27:19 – VA Loan Occupancy Rule: 12 Months vs 60 Days for Conventional
33:12 – Interest Rate Update: 6.16% Down from 7.04% One Year Ago
35:06– Mortgage Lock-In Effect Ending: 6%+ Loans Now Exceed Sub-3% Mortgages
36:38 – Trump Proposes Ban on Institutional Single-Family Home Buyers
Connect with our Guests:Jeff White: jeff@envisionrea.com
Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Website: https://www.novahomeloans.com/loan-officer/troy-howell/
Links in PodcastFor the First Time in Years, More Homeowners Have a 6% Mortgage Rate than a 3% One
Subscribe to our Reactivated Deal Alert Emails
Download the Free House Hacking Spreadsheet
Who is Keyrenter?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Colorado’s real estate market just hit balanced status for the first time since 2012. The best Colorado real estate investing strategies in 2026 now require adapting to what Chris Lopez calls “the great stall” for single-family homes. Condo prices are forecast to drop another 4-10%. Multifamily has already crashed 15-30% from peak values. Meanwhile, builders are offering closing incentives reaching 7-13% on new construction. Private lenders are generating 10-20% annual returns. This matters because traditional rental cash flow now requires creative approaches.
This is a replay of Property Llama’s flagship Portfolio Analysis Mastermind webinar. It was originally presented live to over 200 registered investors. Chris brings 20 years of Colorado investing experience as CEO of Property Llama and founder of Envision Advisors. His company has helped hundreds of investors acquire Front Range rental properties. This 100-minute workshop analyzes data from three major sources: the Denver Metro Association of Realtors, CoStar’s commercial multifamily reports, and the Colorado State Demography Office. The goal is to forecast where the Colorado market is heading and what investors should do about it.
Chris reveals why 15,000 homes represents the balanced market threshold for Denver metro. He shows how all Front Range markets follow nearly identical patterns. Denver, Colorado Springs, Pueblo, and Northern Colorado all move together with 1-3 year lag times. He introduces the Cash Flow on Equity (CFE) framework. CFE shows how a paid-off property making $1,700 annually on $200,000 equity represents just a 0.8% return. That underperforms basic savings accounts. Chris doesn’t hide from uncomfortable realities. He explicitly states that Colorado’s “epic growth wave from 2010-2020 is over and will never return.” The drivers are clear: slowing population growth (down to 1% annually), rising inventory, elevated interest rates, and increased expenses.
Watch the Youtube Videohttps://youtu.be/zbVhMrdS2RsIn This Episode We Cover: Why Chris classifies Colorado as a “yellow light” market – not amazing, not horrible, but requiring selective strategy * The six strategies currently generating 7-16% cash flow in Colorado: new construction opportunities, room-by-room conversions, medium-term rentals, house hacking, private lending, and multifamily acquisitions * How builder closing incentives work and why they’re offering 4.5% interest rates on new construction when market rates sit at 6.5% * Why multifamily is experiencing negative rent growth through 2026 as peak vacancy hits Q4 2025/Q1 2026 from oversupply * The three options for optimizing high-equity, low-cash-flow properties: keep and convert to better strategies, cash-out refinance to reinvest, or sell and unlock equity into higher-performing assets * Chris’s personal portfolio strategy: shifting from 85% equity / 15% debt to a 50/50 balance over the next 3-5 years to maximize cash flow while preserving capital * How private lending offers 10-20% returns with senior debt positions while fix-and-flip gross margins remain healthy at 24% despite market softening * Live Q&A covering:* ADU construction economics, when to sell multifamily, private lending risk assessment, wrap financing for house hackers, LTV targets for portfolio leverage
Whether you’re analyzing your first fourplex or optimizing a 20-property portfolio, this market transition requires new thinking. You need to understand which Colorado real estate investing strategies in 2026 actually generate cash flow. Appreciation has stalled, so the old playbook doesn’t work. Chris provides the data-driven framework investors need to evaluate current holdings. You’ll learn how to identify underperforming assets through CFE analysis. You’ll determine whether to convert properties to higher-performing strategies, refinance and reinvest, or sell and redeploy equity.
Timestamps00:00 – Welcome & PAM Overview
03:22 – Chris Lopez Introduction & Background
05:53 – Colorado Market Trends Framework
07:50– Denver Metro Inventory Analysis
10:30 – Price Appreciation Charts 2007-2025
13:22 – Front Range Market Comparison
16:34 Crystal Ball: Market Predictions
18:06 – New Construction Builder Incentives
22:20 Multifamily Market Deep Dive
42:14 – Population Growth Reality Check
46:28 – Six Strategies That Cash Flow
50:52– Cash Flow on Equity Framework
52:47– Property Llama Software Demo
52:47– Property Llama Software Demo
57:15 – Three Options for High-Equity Properties
1:14:07– Chris’s Personal Portfolio Update
1:21:13– Q&A Session
Links in Podcast2026 PAM Resource Page
Property Llama
Chris Lopez’s 2026 Investing Plan
- YouTube video
- Detailed blog article
Mountain Trends
A BiggerPockets Guide to Co-Living Cash Flow
Should I Put My Property In An LLC? Podcast and blog
While most Colorado investors chase the same overpriced listings and compete on subject-to deals, Troy Miller quietly closes properties for $30K that will be worth $250K after renovation. These short sale real estate Colorado 2025 deals require skill and systems, but Troy proves you only need 5-6 deals per year to hit financial goals. The strategy isn’t new, but the opportunities are growing as more properties go underwater in today’s market.
Troy Miller is the CEO of Colorado Recon (formerly ICOR), giving him a unique vantage point into what’s actually working across Colorado’s real estate market. He speaks with hundreds of active investors, sees deal flow from wholesalers and agents, and has built systems to handle the 22 hours of paperwork required for each short sale without sacrificing his lifestyle.
In this episode, Troy breaks down two live short sale deals he’s working on right now. The first is a Pueblo property that was 73 months delinquent (yes, over 6 years) due to bank oversight and active-duty military protections. He shares how he navigated FHA regulations, threatened senator involvement, and is closing on a property purchased for $30K with conservative after-repair values between $250K-$280K. The second deal in Colorado Springs looked pristine on the surface but had expensive foundation and sewer issues lurking below – and how an appraisal ordered without Troy present is now creating a months-long dispute process.
This isn’t a beginner strategy. Troy explains why the current wave of subject-to education concerns him and other industry leaders – improper execution could trigger federal policy changes affecting all investors. He defines the critical differences between subject-to and short sale transactions, explains Colorado’s unique 6-month foreclosure timeline, and shares why deals that are “underwater” (owing more than current value) create the best opportunities.
In This Episode We Cover: Why short sales still exist and how to source them through networking instead of direct mail * The exact paperwork process and 22-hour timeline to submit a complete short sale package * How Troy uses virtual assistants to scale while maintaining his lifestyle (only 5-6 deals per year needed) * Critical mistakes in subject-to deals that could trigger federal regulation * Real numbers from two active Colorado deals: $30K purchase prices with $250K+ upside * Navigating FHA regulations, Dodd-Frank protections, and bank disputes * The “blue ocean strategy” – finding your niche where there’s less competition*
Colorado’s market remains challenging with tight inventory and high interest rates, but creative acquisition strategies like short sales offer serious investors a path to deals with healthy margins. Troy proves you don’t need to do 50 deals per year when you master one strategy and build systems around it.
Watch the YouTube Videohttps://youtu.be/VbWq9FsTql4Timestamps00:00 – Welcome & Guest Introduction
01:52 – Troy Miller’s Background – From Nonprofit World to Real Estate Investing
05:16– – The Subject-To Problem – Why Bad Execution Could Trigger Federal Policy Changes
08:55– Subject-To Deals vs Short Sales – Critical Definitions for Colorado Investors
12:32 – Pueblo Short Sale Deal #1 – 73 Months Delinquent, FHA Complications
16:32 – Active Duty Military Protection – How Dodd-Frank Changed the Game
18:42– Deal Numbers Breakdown – $30K Purchase, $250K+ After Repair Value
21:05– Navigating the 90-Day Deed Restriction During Government Shutdown
27:32– Colorado Springs Short Sale Deal #2 – When Surface Looks Good But Isn’t
29:47– The Appraisal Dispute – Bank Orders $325K Valuation, Reality Is Different
36:45– Building Scalable Systems – Virtual Assistants Handle 22 Hours of Paperwork
39:05– Finding Your Blue Ocean – Why Troy Only Needs 5-6 Deals Per Year
39:41 – Resources for Learning Short Sales & Subject-To Strategies
Links in PodcastColorado Recon Next Event: January 24, 2025 – ColoradoRecon.com
The Denver multifamily market just absorbed 9,400 units – about 20% higher than the annual average – while supply continues burning off through 2026. This massive supply wave is creating opportunities for Denver real estate investing 2026 strategies that most investors are missing.
Chris Lopez and Richard McGirr, co-founders of Property Llama, break down their 2025 shareholder meeting covering Colorado market divergence, investment strategy shifts, and the company’s evolution into diversified debt fund platforms. With hundreds of Colorado investors served, they reveal what’s working (and what’s not) for Denver real estate investing 2026 and beyond.
Market Reality: Single family homes are holding steady with slight declines expected, condos are down 10-20% in recent transactions, and multifamily is trading at 2017 prices with 9 cap returns. Denver ranks in the top 5 hardest-hit metros for rent cuts, with Class A properties offering 3-4 months of concessions that push downward pressure on all rental classes. The supply wave is longer than anticipated, but occupancy is finally trending upward through Q2 2025 data.
Cash Flow Strategies for Denver Real Estate Investing 2026: The traditional playbook has fundamentally changed. A room-by-room rental strategy can increase cash flow from $12K to $48K annually on the same property, while selling a rental and investing in 21% debt funds can generate $70K annual income from a property that previously cash flowed $15K. Private lending has emerged as the dominant strategy for Colorado investors seeking 3-4X cash flow increases without tenant management.
In This Episode We Cover:1. Why Denver condos are dropping 10-20% while single family homes hold steady (and what 2026 predictions look like) 2. How the multifamily supply wave created 9 cap opportunities that institutions are now buying 3. The room-by-room rental model that quadruples cash flow (and why most investors won’t do it) 4. Why 1031 exchanges that worked in 2018 now only marginally increase cash flow in 2024 5. Private lending returns of 12-21% compared to traditional rental property cash flow 6. The active to passive shift happening nationwide (and why single family landlording is ending) 7. How Property Llama found product market fit by focusing exclusively on income funds 8. PL Dynamo 2 fund closure at 99 investor limit and what’s launching Q1 2026 9. The diversified income fund model with distressed notes, Canadian lending, and commercial opportunities
This presentation provides clarity for Denver real estate investing 2026 strategy – whether you’re considering portfolio rebalancing, exploring debt fund diversification, or timing multifamily market entry. Chris and Richard share real client examples, personal portfolio moves (Chris is shifting from 85/15 equity/debt to 50/50), and the due diligence process for upcoming fund launches.
Watch the YouTube Videohttps://youtu.be/3_c5ZWTx7hsTimestamps00:00 – Welcome & Introduction to Property Llama’s 2025 Event
01:55 – Colorado Single Family vs Condo Market Divergence – Denver Real Estate 2026 Price Trends
02:48 – Colorado Springs Real Estate Trends – Following Denver’s 1-3 Year Lag Pattern
03:55 – Denver Multifamily Supply Wave – Front Range Investment Opportunities Among Crisis
07:14 – Rent Concessions Reality – How Class A Properties Manipulate Colorado Rental Market Data
08:18 – 2026 Market Predictions – Audience Poll on Denver Condo Market Decline & Pricing
13:58 – Room by Room Rental Strategy – 4X Denver Cash Flow Properties Using Co-Living
16:21 – 1031 Exchange Alternatives – Reality Check Comparing 2018 to 2024 Deals
18:00 – Private Lending Real Estate Boom – Active to Passive Investing Shift from Equity to Debt Funds
21:25 – Active to Passive Investing Trend – The End of the Single Family Landlord Era
24:35 – Product Market Fit Journey – How Property Llama Found Focus on Debt Fund Investing Colorado
28:34 – Value-Added Capital Model – Real Estate Portfolio Rebalancing for Debt Funds
31:57 – PL Dynamo 2 Fund Closure – Hitting 99 Investor Limit & Denver Real Estate Investing 2026 Plans
38:00 – Diversified Income Fund Launch – Building Beyond Single Anchor Strategy for Colorado Multifamily Investing
Connect with our HostsChris Lopez: chris@propertyllama.com
Richard McGirr: richard@propertyllama.com
Links in PodcastSign up for the 2026 Portfolio Analysis Mastermind
The Colorado real estate market in November 2025 is sending mixed signals. Denver sellers are pulling listings at the second-highest rate in the nation (39%), while prices somehow rose 2% year over year. Meanwhile, Colorado Springs faces a documented 27,000 unit shortage, yet new construction has dropped by half. Additionally, 91% of Denver homes show value declines on Zillow, but actual sales prices climbed higher in the November 2025 Colorado real estate market.
Chris Lopez hosts the monthly Colorado market roundup with Jenny Bayless (Colorado Springs investor and agent), Brandon Scholten (Keyrenter Property Management CEO), and Troy Howell (Nova Home Loans senior loan officer). This panel breaks down November 2025 market data across both metros. Furthermore, they reveal what’s really happening beneath the surface of these contradictory trends.
November 2025 Colorado Market TrendsNovember brought sharp inventory changes across the Colorado real estate market. Specifically, new listings dropped 41% month over month in Denver and 36% in Colorado Springs. These represent typical seasonal patterns amplified by seller frustration.
However, active inventory declined 15% in Denver but remains 13% higher than last year. Notably, transaction volume matches 2009 levels despite Denver’s population growing 30-40% since then. The panel discusses why Colorado Springs condo prices jumped 10% year over year while Denver condos fell 7%. Additionally, Troy shares details on closing a $720,000 Steamboat condo—one of the few condo transactions anyone’s seeing.
Colorado Springs released a comprehensive housing assessment showing systemic affordability problems across all market segments in November 2025. The city documented that one-third of homeowners are cost-burdened. Moreover, renters need $78,000 annual income to comfortably afford the average $1,800 rent. Unfortunately, only one-third of renters earn that much. Building permits dropped from 9,000 units in 2020 to under 4,000 in 2024. In contrast, the city estimates needing 8,500 units annually. As a result, the panel debates potential solutions and why building costs make affordable housing nearly impossible without subsidies.
Investment Opportunities and Market PredictionsThe Federal Reserve cut rates by another quarter point in November 2025. However, 30-year mortgages remain stuck at 6.2%. Troy explains why Fed actions don’t directly impact mortgage rates. Furthermore, he discusses what investors should expect heading into 2026.
Meanwhile, Brandon shares a recent win with a fourplex in East Denver generating $2,270 monthly on midterm rentals versus $1,350 for long-term. This represents a 70% premium that’s helping investors squeeze better returns from existing inventory.
Despite negative sentiment, the panel sees opportunity. With frustrated sellers, motivated buyers remain scarce. Additionally, transaction volume sits at multi-year lows. Nevertheless, December through February traditionally offers the best deals for patient investors. Chris, Jenny, Brandon, and Troy each predict where prices will land by December 2026. Their predictions range from “slightly negative” to “flat to fractionally improved.” Moreover, they discuss strategies for finding value in specific neighborhoods rather than chasing broad market trends.
In This Episode We Cover: Why Denver ranks second nationally for sellers pulling listings (39% delist rate) and what this signals * How Colorado Springs faces a 27,000 unit shortage despite vacant Class A apartments downtown * The paradox of 91% of Denver homes showing value declines while actual sales prices rise 2% * Why transaction volume matches 2009 levels but nobody’s talking about it * What Federal Reserve rate cuts actually mean for mortgage rates (spoiler: not much) * Specific neighborhoods and property types where deals are available right now * How one investor is generating 70% more revenue with midterm rentals versus long-term * Building permit data showing Colorado Springs at half the required supply to meet demand * Where four market professionals predict prices will be in December 2026 * Why December through February* offers the best acquisition opportunities for 2026
Whether you’re hunting for your first Colorado rental property or managing a portfolio through choppy waters, this November 2025 market roundup delivers the specific data and local insights you need to make informed decisions. The panel’s predictions for 2026, combined with current opportunity identification, make this essential listening. Ultimately, anyone invested in the Colorado real estate market will benefit from these actionable insights and expert analysis.
Watch the YouTube Videohttps://youtu.be/0Arr3gpQrSk?si=E8CxNEOpXltRNEYqTimestamps00:00 – Welcome & Guest Introductions
00:59– Colorado Springs Market Update – New Listings Drop 36% Month Over Month
05:45 – Denver Metro Market Trends – Active Inventory Hits 10,000 Units
09:18 – Condo Market Reality Check – Troy Closes $720K Steamboat Condo
13:44 2026 Price Predictions – Four Experts Call Higher, Lower, or Flat
14:50– Transaction Volume Comparison – 2025 vs Great Financial Crisis Era
17:30 – Frustrated Sellers Pulling Listings – Denver Ranks 2nd Worst Nationally
20:17 – Zillow Data Reveals 91% of Denver Homes Down in Value Year Over Year
21:48 – Colorado Springs Housing Crisis – City Reports 27,000 Unit Shortfall
29:18 – Building Permit Data Shows Supply Falling Short of Demand
34:27 – Federal Reserve Rate Cut Impact – What It Means for Mortgage Rates
36:02– Opportunity Discussion – Best Time to Buy in Choppy Markets
37:41 – Midterm Rental Success Story – 70% Premium Over Long-Term Rent
Connect with our Guests:Jeff White: jeff@envisionrea.com
Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Website: https://www.novahomeloans.com/loan-officer/troy-howell/
Brandon Scholten: brandon@keyrenterdenver.com
- LinkedIn: Brandon Scholten
- Website: https://keyrenterdenver.com/
Links in PodcastFrustrated Denver Home Sellers Are Pulling Their Houses Off the Market
Home Value Declines Spread, But Losses Since Last Sale Are Rare
City of Colorado Springs and El Paso County Regional Housing Needs Assessment
Who is Keyrenter?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
House hacking in Colorado just paid off for 30-year-old Carly Caprio. She’s living for free in a Lakewood fourplex after completing her fourth house hack in 2025. Even better? When she moves out next year, this property will generate over $2,500 in monthly profit while she continues building her portfolio toward early retirement.
Chris Lopez sits down with Carly Caprio, one of the most disciplined house hackers in Colorado, alongside regular panelists Jeff White (Envision Advisors) and Troy Howell (Nova Home Loans). Carly’s journey started with a $17,500 first-time buyer grant that made her first townhouse purchase possible despite working a nonprofit job. Since then, she’s converted properties from 3 to 5 bedrooms and 5 to 6 bedrooms, navigated challenging tenants including paranoid relapses and 3am emergency calls, pivoted to Section 8 when needed, and most recently locked up an all-brick Lakewood fourplex for $849,500 with just 5% down.
What makes Carly’s story particularly compelling is her rock-solid financial discipline. Troy Howell confirms she’s increased her savings dramatically between properties while maintaining zero car payments and living below her means. The result? She’s already matched her W2 income through rental cash flow and qualified for progressively larger properties without any salary increases. Her fourplex currently rents three units at $1,750 each while she lives for essentially free in the fourth unit. Once she moves out, the projected income jumps to $7,780 monthly against a $5,454 mortgage payment.
Jeff White calls Carly his “Mount Rushmore” house hacker for good reason. She didn’t chase trendy strategies or overextend herself. Instead, she executed the same proven playbook four times, learning from each property and improving her systems. When faced with disastrous tenants (one who stood in doorways watching people sleep, another who drank two bottles of tequila and one bottle of vodka within 48 hours), she adapted her screening process and converted to Section 8 rather than quitting. When friends expressed fear about living with strangers, she demonstrated how to maintain control over tenant selection while building serious wealth.
In This Episode We Cover: $17,500 first-time buyer grant that launched Carly’s 4-property portfolio * Why 2-4 unit properties are easier to qualify for than single-family homes * How debt-to-income improves with each house hack (no salary increase needed) * Converting 3-bed townhouse to 5-bed using existing egress windows * Managing terrible tenants and when to pivot from rent-by-room to Section 8 * $849,500 Lakewood fourplex breakdown: 5% down, 6% rate, $1,750/unit rents * Living free now vs $2,500 monthly profit when she moves out * Financial discipline tactics that matched her W2 income in three years * Why the first property is hardest and subsequent deals get easier * Female investor perspectives on safety and building wealth through house hacking * And So Much More!*
Carly’s story proves house hacking in Colorado isn’t dead despite 6% interest rates and higher property prices in 2025. With the right financing strategy, disciplined savings habits, and willingness to sacrifice short-term comfort for long-term wealth, reaching financial freedom in your 30s remains achievable. Whether you’re a woman considering your first house hack or an experienced investor looking for inspiration, Carly’s methodical approach and honest discussion of challenges offers a realistic roadmap.
Watch the YouTube Videohttps://youtu.be/569rUnGaVmwTimestamps00:00 – Welcome & Guest Introduction
02:33-Meet Carly: 30 Years Old, 4 House Hacks, Financial Freedom Achieved
05:21– Finding Her First Property in Just 2 Showings
06:44 – Wild Tenant Stories: Relapses, Paranoia, and 3AM Calls
09:30 – Pivoting to Section 8 Strategy
10:35– Property #4: The Lakewood Fourplex at $849,500
12:15 – Qualifying Power: Why 2-4 Units Beat Single Family
15:17 – Deal Breakdown
18:43 – First 6 Weeks: Smooth Operations, Tenant Transition, Paying in Cash
20:48 – Long-Term Vision Including Early Retirement and Moving to Colombia
21:44 – Advice for Female Real Estate Investors
25:24 – How Carly Matched Her W2 Income in Under 3 Years
28:00 – First-Time Buyer Grants: $17,500 Free Money That Changed Everything
29:14 – The Truth About House Hacking: First One’s Hardest, Then It Gets Easier
Connect with our Guests:Carly Caprio: carly.caprio@gmail.com
Jeff White: jeff@envisionrea.com
Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Website: https://www.novahomeloans.com/loan-officer/troy-howell/
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
The Colorado fix and flip market heading into 2026 looks nothing like it did two years ago. Properties are sitting 3-4 months after sellers reject offers just $10K below asking. That holding cost easily burns through any price difference, yet flippers keep making this mistake. Meanwhile, some investors are closing BRRRRs in Boulder at $1.4M ARV that actually cash flow with $7,500-8,000 monthly rents.
Chris Lopez sits down with Caitlin Waldschmidt, 9-year private lending veteran with Dynamo Capital, who originates loans across Colorado and nationwide. Caitlin has closed everything from small flips to large multifamily, giving her a front-row seat to what’s working and what’s failing in the Colorado fix and flip market as we head into 2026. She recently helped a builder pull $700K in cash out from five townhomes with negative DSCR by structuring the deal strategically, and she’s watching investors gear up for spring 2026 by buying now during the best acquisition window of the year.
This episode reveals specific trends shaping the Colorado fix and flip market for 2026, including why “flipper gray” design is dead, which properties have “buts” that kill sales, and how the market rent appraisers assign can make or break DSCR loans. Caitlin shares a Boulder BRRRR case study where investors buy off-market at $700-900K, add $150-200K in rehab, and refinance at $1.4-1.5M ARV while securing long-term tenants at premium rents. She also breaks down two exit strategies for distressed builders stuck with unsold inventory and explains why some can be saved while others have zero equity to work with.
In This Episode We Cover: Why properties listed in summer 2025 are still sitting after rejecting first offers (and what that costs in the Colorado fix and flip market) * The “buts” that kill deals – busy roads, power lines, and industrial neighbors buyers won’t overlook anymore * How to BRRRR in Boulder at $1.4M+ ARV and actually cover debt service with $7,500+ rents * $700K cash out strategy for builder with five townhomes and negative DSCR numbers * Portfolio approach: Using 40-50% LTV properties to save negative cash flow new builds * Why investors are buying 5-6 deals before year-end to position for spring 2026 * Best buying window is Thanksgiving through New Year’s when sellers get desperate * Englewood flip appraises $100K higher than projected* $1.3M ARV (closed in 5 days)
Whether you’re a flipper watching inventory sit, a builder needing an exit strategy, or an investor looking for what’s actually working in the Colorado fix and flip market heading into 2026, this episode delivers concrete examples of deals closing right now. Caitlin provides the lender’s perspective on why some properties move in days while others sit for months, and shares specific strategies to position yourself for success in 2026.
Watch the YouTube Videohttps://youtu.be/lza8gS1MRWsTimestamps00:00 – Welcome & Guest Introduction
01:51 – Caitlin’s Background – 9 Years in Colorado Private Lending
03:24 – What’s Selling vs Sitting Right Now in Denver Market
06:07– The “Buts” That Kill Deals in Today’s Market
07:00– Flipper Gray Is Dead – Why Design Matters Now
10:30 – BRRRR in Boulder – How to Make $1.4M Properties Cash Flow
16:30 – Distressed Builders Need Exit Strategy – Two Options Available
18:31 – $700K Cash Out from Negative DSCR Properties (How It Worked)
21:14– Portfolio Strategy: Using Good Assets to Save Struggling Ones
24:06 – Spring 2025 Predictions – Why Investors Are Buying Now
26:42 – Englewood Flip Appraises $100K Higher Than Expected
Connect with our Guest:Caitlin Waldschmidt
Dynamo Capital Phone/Text: 720-301-6446
Email: caitlin@dynamocapital.com
Links in Podcast: Dynamo Capital
Who is Dynamo CapitalDynamo Capital, founded in 2023, is a debt fund specializing in residential real estate lending in the Midwest and Colorado. Offering fix-and-flip, construction, and long-term financing, they leverage technology and experience to give investors an edge in the lucrative fix-and-flip market. Dynamo balances traditional lending rigidity with hard money speed, typically lending up to 75% of a property’s after-repair value. Their personalized approach and strategic underwriting aim to provide flexible, accessible financing for real estate investors, enhancing clients’ portfolios with agility and expertise.
Working on a BRRRR, flip, or builder project in Colorado? Email: caitlin@dynamocapital.com
Disclaimer: This podcast provides educational and informational content only. It does not constitute personalized financial, legal, or tax advice.
Property Llama crossed $1 million in annual recurring revenue in Q3 2025.
Reaching $1M ARR is a significant milestone for any business. It signals that a company has found product-market fit, built repeatable systems, and created sustainable value. For software and platform companies, it’s often seen as the threshold where you transition from bootstrapping to building—where you have the resources to compete for top talent, invest in marketing that scales, and pursue strategic partnerships from a position of strength.
We achieved this milestone three years from launch with meaningful profitability, built during one of the most challenging real estate markets in recent history. We’re no longer fighting for survival—we’re building from strength.
In 2025, we set fewer quarterly goals than ever before. This wasn’t lack of ambition—it was strategic discipline. We doubled down on what’s working. We focused on what mattered most and met or exceeded every Q3 goal.
Executive Summary $1M ARR Milestone: Three years from launch to sustainable, recurring revenue that validates our business model * Record Capital Raises: Beat our $1.5M monthly goal, averaging $2M per month with $3.1M in our best month * Team & Systems Excellence: Small but mighty team executing with discipline * Strategic Partnerships: National media presence through Best Ever CRE and Passive Pockets—networking at scale * Fund Manager Model Validated: Proved this approach works and positions us to scale in 2026 * Strong Deal Performance*: Our existing deals continue performing well
Breakthrough Capital Formation ResultsOur capital raising momentum accelerated throughout Q3:
- Goal: Raise $1.5M+ per month. Result: Averaged $2M per month
- Hit $3.1M in October—our best month ever
- Over 66% of monthly raises come from repeat investors—investors who’ve experienced our process, seen the returns, and chosen to invest more
This is the compound effect of laser focus on our strategy, mature marketing systems built around our core product, and the right people executing flawlessly with mature systems.
Our pipeline heading into Q4 remains strong, positioning us to maintain this momentum through year-end.
National Media PartnershipsWe executed on our national expansion strategy through strategic media partnerships for brand building, thought leadership, and networking at scale.
Best Ever CRE Network
Richard now hosts “Unlimited Capital” every Monday on the Best Ever CRE network—the biggest media brand in the syndicator world:
- Richard’s regular podcasts are creating engagement and performing well
- Building relationships with fund managers nationwide who want to work with us
- Scheduled to lead a workshop at the March 2026 Best Ever Conference
Bigger Pockets & Passive Pockets
Chris secured his official co-host position with Passive Pockets, with a clear path to becoming the primary host:
- Positioned as the go-to expert on active to passive transitions across the entire Bigger Pockets ecosystem
- Active to Passive program exceeded expectations—Bigger Pockets committed to two more cohorts in 2026
- Multiple future collaboration opportunities in development
These partnerships allow us to leverage established platforms and audiences rather than spending years and significant capital building our own national reach. It’s an efficient path to scale that aligns with our disciplined approach to growth.
Team & Systems ExcellenceWe maintained our “small but mighty” team philosophy while investing in systems that multiply our effectiveness. Our Q3 performance came from a lean team executing with discipline, not from throwing people at problems.
When you have the right people in each seat:
- Execution becomes smooth and consistent
- Everyone knows their role and delivers
- Team develops deep expertise in their domains
- Systems and processes scale efficiently
This operational excellence frees up management bandwidth to focus on strategic growth rather than day-to-day firefighting. Our scale gives us advantages: we get access to better deals, we carry weight in negotiations, and we secure the terms we want. Some of these are pushing institutional-level deals.
Building Scalable Distribution: The Fund Manager ModelWhile we focused on direct capital raising, we simultaneously built a second distribution channel: fund managers.
We helped our first fund manager launch their deal in Q2, and our second in Q3. This validates our approach and positions us to scale this model in 2026.
The benefits for everyone:
We unlock deals and marketing systems that fund managers wouldn’t normally access. They get quality investment opportunities and proven capital raising infrastructure.
We generate additional revenue and expand our capital raising capacity. Our existing scale—proven systems, amazing deal flow, and capital raising capacity—gives us advantages most fund managers don’t have.
As we aggregate larger pools of capital, we strengthen our negotiating position with sponsors—securing better economics for our investors while maintaining strong relationships with quality operators.
This scalable infrastructure creates better outcomes for fund managers, sponsors, investors, and Property Llama.
Looking Ahead: Q4 2025 and 2026 StrategyWe anticipate our debt fund to close in Q4. Our strategic focus is turning to income-focused funds, primarily through credit opportunities.
We’re currently underwriting four potential funds (including one in Canada with unique benefits) that will achieve high teens to mid-20s cash-on-cash returns.
This aligns with what we’ve learned throughout 2025: our investors want consistent, strong income returns, and credit strategies deliver exactly that in the current market environment.
Closing ThoughtsQ3 demonstrated that strategic focus creates compounding results.
Our $1M ARR milestone validates that our model works at scale. The foundation is solid. The team is capable. The systems are mature. We’ve transitioned from figuring things out to scaling what works. That’s the foundation for building something enduring.
We appreciate your continued trust and support as we build Property Llama into the valuable company we all believed it could be.
For questions or to discuss investment opportunities, feel free to email us directly.
Watch the YouTube Videohttps://youtu.be/WKo3mpGdzSsTimestamps00:00 – Intro
01:21 – MAJOR MILESTONE: Property Llama Crosses $1M in Annual Recurring Revenue
04:34 – Q3 Results: Capital Formation Breakthrough ($3M Single Month Record)
06:28 – Building National Media Partnerships (Best Ever CRE & Passive Pockets)
09:05– How Media Partnerships Create Networking at Scale
11:06 – Team & Systems Excellence: Building a Small But Mighty Operation
13:13 – Validating the Fund-of-Funds Model (New Channel for Capital Raisers)
17:48 – Looking Ahead: Q4 Planning & 2026 Strategy
19:45 – Closing Thoughts & Holiday Shareholder Party Invitation
Connect with our Hosts:Chris Lopez: https://www.linkedin.com/in/christaylorlopez/
Richard McGirr: https://www.linkedin.com/in/richardmcgirr/
Links in Podcast: Best Ever CRE Network
Passive Pockets
Bigger Pockets
Unlimited Capital podcast with Chris Lopez and Richard McGirr
Property Llama
Chris Lopez LinkedIn
Richard McGirr LinkedIn
Denver just hit 12,500 active listings while losing 6,500 residents since 2020. This creates a unique moment for Colorado investors. While 79% of property managers report declining rental demand, distressed new build communities are trading at discounts approaching 37% below original cost.
Chris Lopez hosts this month’s Denver real estate market update for October 2025 with Denver’s most experienced real estate panel: Troy Howell from Nova Home Loans, Jeff White from Envision Advisors, and Brandon Scholten from Key Renter Property Management. Together they analyze data showing inventory growth slowing to 14% year over year. New listings dropped 5% and closed sales fell 7%.
Key Market InsightsThe panel reveals critical insights you won’t find elsewhere. Condos have seen five consecutive months of price declines. One new build community dropped from $750K per door underwriting to $470K actual sales price. Rental properties in premium locations near Coors Field are leasing for $800 less than previous tenants paid.
Brandon shares that the average tenant credit score has plummeted to 566. Jeff discusses how room-by-room strategies are holding flat when traditional rentals are struggling. The average property takes 27 days to lease with 2.2 price drops.
In This Episode We Cover:
- Denver inventory trends and what they signal for 2026
- Population decline patterns across metro counties
- Distressed new construction deals (37% below cost)
- Expert predictions: Higher or lower prices next year?
- 50-year mortgage debate and investor implications
- Rental market struggles (27 days, multiple price drops)
- Tenant credit quality hitting new lows
- Creative financing: $10K down duplex deal breakdown
Markets aren’t moving in one direction anymore. This market update for October 2025 shows reality on the ground. Headlines focus on population decline and rental struggles. Smart investors are finding deals in distressed new construction. They’re using creative financing to acquire cash-flowing duplexes. They’re positioning for the next market cycle.
Watch the YouTube Videohttps://youtu.be/NNoRLnp5ZoE?si=XmJYS8FaQhlk1NJkTimestamps00:00 – Welcome & October 2025 Market Roundup Introduction
01:22 – Market Trends: 12,500 Active Listings (Up 14% YOY)
05:28 – Detached vs Attached: Five Consecutive Condo Price Declines
09:35– 2026 Price Predictions: Panel Split on Market Direction
09:35 – Distressed New Builds: Wheat Ridge Deal at 40% Discount
11:09 – Denver County Population Drops 6,500 Since 2020
17:16– Work-From-Home Impact: Migration Across Colorado
19:38 – Office Relocation: Why Businesses Leave Denver
22:09 – Contrarian View: Buying Opportunities in Denver’s Downturn
24:35 – Homeowner Equity: 2.8% Seriously Underwater Nationwide
27:44 – 50-Year Mortgage Debate: $200 Savings vs $300K Interest
35:26– Rental Market: 26.8 Days Average, 79% Report Lower Demand
39:35– Credit Score Crisis: Average Tenant Score 566
42:58 – Aurora Duplex: $580K with $10K Down Using DPA
Connect with our Guests:Jeff White: jeff@envisionrea.com
Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Website: https://www.novahomeloans.com/loan-officer/troy-howell/
Brandon Scholten: brandon@keyrenterdenver.com
- LinkedIn: Brandon Scholten
- Website: https://keyrenterdenver.com/
Links in PodcastDenver Post misses 4th month of rent for building bought by city
Hotel operator Sonder ceasing operations after being dumped by Marriott
Will a 50-Year Mortgage Make Homes More Affordable? Here’s How It Would Work
Who is Keyrenter?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Colorado landlords face major security deposit changes on January 1, 2026—including new 14-day documentation requirements, elimination of automatic cleaning fees, and stricter wear-and-tear definitions. Miss one deadline and face automatic 3x treble damages that can turn a $2,000 dispute into a $6,000 judgment plus attorney fees.
Chris Lopez hosts this critical legal webinar with attorney Wes Wollenweber (26 years landlord-tenant litigation experience), Key Renter CEO Brandon Scholten, and Director of Operations David Mitchell. This expert panel breaks down exactly what landlords must know about Colorado security deposit laws before 2026, including the 5 biggest mistakes that forfeit your right to withhold any deposit money.
Wes reveals how Colorado’s hyper-technical 30-60 day accounting deadline means being even a few days late can cost you the entire deposit. The panel discusses real court cases, including a Denver judge’s surprising ruling that “every fridge gets dented” and why treble damages are awarded far less often than most landlords fear. You’ll learn the critical difference between normal wear and tear versus tenant damage, how family size and pets change judicial expectations, and why text messages may not count as legal written notice.
In This Episode We Cover: January 1, 2026 changes under Colorado security deposit laws: 14-day documentation requirement, automatic cleaning fee elimination, and expanded wear-and-tear definitions * How missing the 60-day deadline triggers automatic $6,000+ treble damage exposure (even if you’re only 2 days late) * Why judges interpret carpet and paint damage differently based on tenant family size, pets, and property age * The two ways tenants win treble damages—and how to avoid both legal traps * Real court case: Refrigerator dent dispute where judge ruled “all fridges get dented” (what this means for your deductions) * Cost breakdown: Small claims vs mediation vs trial for deposit disputes * Why text and email documentation may fail the “exact written statement” legal standard * Section 8 tenant damage: When housing authorities terminate vouchers* (rare but it happens)
Whether you self-manage a duplex or oversee a 50-unit portfolio, this episode provides the legal clarity and documentation strategies you need to comply with deposit regulations and avoid costly penalties in 2026. Don’t let one missed deadline or poor documentation cost you thousands in treble damages.
Watch the YouTube Videohttps://youtu.be/25Jhil6BEJw?si=2RkegR2y1ZjJjqNhTimestamps00:00 – Welcome & Guest Introduction
01:58 – Why Security Deposits Matter in Late 2025
04:19 – Understanding Colorado’s 30-60 Day Deadline
09:36 – Treble Damages Explained: When Landlords Face 3x Penalties
10:40 – Normal Wear & Tear vs Tenant Damage
12:30 – Carpet, Paint & Picture Holes: What Judges Award
16:17 – How Family Size Changes Wear & Tear Standards
20:50 – Small Claims vs Mediation vs Trial: Cost Breakdown
26:24 – January 1, 2026 Law Changes: What Landlords Must Know
30:23 – Section 8 Tenant Damage: Who Holds Accountability?
32:38 – Real Refrigerator Dent Case: Judge’s Surprising Ruling
38:45 – The 14-Day Documentation Requirement
41:23 – 5 Biggest Mistakes Landlords Make with Deposits
43:42 – Text & Email Communication: Do They Count as Notice?
49:18 – Property Walk Invitation & Portfolio Health Audits
50:29 – When to Call an Attorney: Expert Advice
Connect with our GuestsBrandon Scholten: brandon@keyrenterdenver.com
- LinkedIn: Brandon Scholten
- Website: https://keyrenterdenver.com/
Links from Podcast* Portfolio Health Audit + Connect with Keyrenter * Colorado Revised Statute 38-12-103 * HB 25-1249 Full Text * Denver Landlords Digest
Who is Keyrenter?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Denver’s inventory just exploded by 8,000 homes in four months – and the impact on flippers heading into 2026 has been brutal. Properties that once sold in days now sit for weeks. Price cuts of $80,000+ are becoming standard even on fully renovated homes. Derek Marlin of Elevation just watched his $775,000 Englewood flip sell for $695,000. Meanwhile, his million-dollar projects continue crushing it. This tale of two markets is forcing flippers to completely rethink their 2026 strategy.
Chris Lopez welcomes back Derek Marlin, founder of Elevation Invest. Over 10 years, Derek has flipped hundreds of Denver properties. Previously, he sourced 300+ acquisitions for institutional buyers in just 20 months. Now, Derek reveals why his “singles strategy” of targeting lower-priced flips failed in 2025. He explains how he’s writing offers $100,000 to $150,000 below asking price and converting 1 in 10. Additionally, he shares why hedge funds are quietly disposing of 10-12% of their Denver portfolios right now. His off-market cold calling system converts 20-30 leads into one closed deal. Furthermore, his transparent wholesaling model shows clients exactly what he makes on every transaction.
Derek shares brutal lessons from 2025’s market shift. First, he explains why spring selling season completely disappeared. Next, he reveals how massive inventory growth created fierce competition even for beautifully renovated properties. Then, he breaks down the specific underwriting adjustments required for success in 2026. He also explains his defensive acquisition strategy for Q4 2025 – buying now to sell next spring. Moreover, Derek discusses the “more better new” business philosophy that helped Elevation focus on core revenue streams. He demonstrates why creative problem-solving with sellers delivers deeper discounts than simple price negotiations. Most surprisingly, institutional buyers are now targeting distressed new-build communities rather than scattered single-family homes. As a result, this creates opportunities for investors who understand the evolving market dynamics heading into 2026.
In This Episode We Cover: Why 8,000 homes added in four months completely changed the competitive landscape for the Denver flipping market * The tale of two markets reality where million-dollar flips thrive while entry-level properties struggle to sell * How to write lowball offers $100K-$150K below asking and convert 1 in 10 into contracts in today’s Denver flipping market * Derek’s off-market cold calling system that generates 20-30 warm leads per closed deal * Why transparent wholesaling (showing clients exact assignment fees) builds better long-term relationships * Creative problem-solving strategies that get deeper seller discounts than price-only negotiations * The “more better new” business philosophy for maximizing revenue before adding new ventures * Why hedge funds are selling 10-12% of Denver portfolios and where they’re buying instead * Institutional appetite for distressed new-build communities as the next major acquisition target * Derek’s 2026 market prediction (flat prices hiding real 2-3% decline from buyer concessions) * And So Much More!*
Whether you’re navigating the Denver flipping market heading into 2026, looking to acquire deals through creative strategies, or trying to understand what institutional players are doing right now, this episode delivers the data-driven insights and proven tactics you need. Derek doesn’t sugarcoat the challenges facing the Denver flipping market – but he shows exactly how strategic investors are still winning in this shifted landscape.
Watch the YouTube Videohttps://youtu.be/4VfLq1T4aLI?si=a-75jRnF5GkT7XLrTimestamps00:00 – Welcome & Guest Introduction
03:10– 2025 Flipping Market Reality – Tale of Two Markets
05:56 – Price Cut Case Study – $775K to $695K Englewood Flip
14:17 – Q4 Acquisition Strategy & 2026 Spring Planning
18:05 Lowball Offer Strategy – Writing $100K-$150K Below Ask
23:13 – New Acquisitions Manager Position – $200K+ Opportunity
26:32 – Off-Market Deal Flow – Cold Calling System & Conversion Rates
31:17 – Creative Problem Solving – Getting Deeper Discounts Beyond Price
32:18 – Business Focus Philosophy – More Better New Revenue Strategy
37:04 – Institutional Business Update – Hedge Funds Selling Denver Portfolios
44:40 – New Build Community Opportunities – Next Institutional Target
46:56 – 2026 Market Prediction – Flat Prices Hide Real Decline
Connect with our Guests:Derek Marlin: derek@elevationinvest.com
Connect on LinkedIn: Derek Marlin
Links from Podcast* Elevation Invest: elevationinvest.com * Podcast: Raising the Flipping Bar
Who is DynamoDynamo Capital, founded in 2023, is a debt fund specializing in residential real estate lending in Wichita, Kansas. Offering fix-and-flip, construction, and long-term financing, they leverage technology and experience to give investors an edge in the lucrative fix-and-flip market. Dynamo balances traditional lending rigidity with hard money speed, typically lending up to 75% of a property’s after-repair value. Their personalized approach and strategic underwriting aim to provide flexible, accessible financing for real estate investors, enhancing clients’ portfolios with agility and expertise.
Disclaimer: This podcast provides educational and informational content only. It does not constitute personalized financial, legal, or tax advice.
Bold market shifts in Denver are creating opportunities most investors miss. Two-to-four unit property purchases jumped dramatically in 2024—the biggest single-year house hacking strategy shift in Colorado real estate investing history. This dramatic change stems from new 5% down conventional loans. However, understanding how to leverage this window matters more than just knowing it exists.
Chris Lopez brings together Denver’s most active house hacking professionals for this second episode in a three-part house hacking series. The panel includes Jeff White (30+ closings annually), Katie Heinsohn (five properties without high W2 income), and Troy Howell from Nova Home Loans. These experts share actual 2024 transaction data and real client case studies. Additionally, they reveal specific loan structuring techniques that set investors up for multiple properties.
Five Working House Hacking Strategies for 2025This episode delivers five working house hacking strategies for high-rate environments. First, you’ll learn why co-living and room-by-room rentals achieve 95% occupancy. Next, discover how Section 8 produces Class A rents in Class B properties.
Jeff breaks down his recent southwest Denver triplex example. In this deal, two Section 8 units cover the entire mortgage payment while he lives free. Meanwhile, Ganesh’s journey from Jeff’s basement tenant to four properties demonstrates consistent execution. Similarly, Carly’s progression from nonprofit income to three properties proves house hacking strategies build wealth without six-figure salaries.
Real Numbers and Loan Hacking FundamentalsThe $35,000 comparison between stock market and real estate returns reveals powerful insights. Specifically, 1% property appreciation with leverage outperforms 10% stock returns without it.
Troy explains essential loan hacking fundamentals throughout the episode. For instance, he covers optimizing tax returns to save $12,000 while still qualifying. Furthermore, he discusses how credit scores under 720 dramatically increase mortgage insurance costs. Most importantly, Troy shows how to structure property number one correctly. This prevents you from painting yourself into a corner on property number two.
Katie shares her personal journey to financial independence. She built five properties by age 37 without any employer retirement plan. As a result, she’s creating generational wealth through house hacking strategies her friends working traditional jobs won’t match.
What You’ll Learn in This EpisodeIn This Episode We Cover:
- Why multifamily house hacking dominates Denver’s 2024 market (up from previous years)
- Five house hacking strategies working in 2025: co-living, Section 8, subdivided singles, multifamily, and ADUs
- How to define your buy box using deal-breakers first, then goals second
- Stop chasing appreciation and make house hacking deals cash flow today at current rates
- Real numbers: $35k in real estate beats $35k earning 10% in stocks (leverage math explained)
- Why getting pre-approved matters before you waste time analyzing house hacking properties
- How Ganesh pre-rented rooms before his first mortgage payment was due
- Credit score impacts: dropping below 720 makes mortgage insurance expensive
- Tax return optimization saved Jeff $12,000 while still qualifying for his triplex
- Why five-year minimum hold time protects against any market correction
- And So Much More!
Taking Action in Today’s MarketUnderstanding market shifts matters less than knowing how to execute house hacking strategies. Jeff closed properties throughout 2024 while others waited for rates to drop. Meanwhile, Katie built five properties using house hacking while friends stayed stuck in analysis paralysis. In addition, Troy structured loans that set borrowers up for their next house hack purchase, not just their current one.
This episode provides the buy box framework, mindset principles, and loan structuring knowledge you need. Consequently, you can house hack successfully regardless of rate environment. Remember, waiting for perfect conditions means missing years of wealth building that can never be recovered.
Watch the YouTube Videohttps://youtu.be/MXKVrcyfC1ETimestamps00:00 Welcome to Part 2 of Our House Hacking Series
04:41 Five House Hacking Strategies That Work in 2025
06:07 Why Room by Room and Co-Living Dominate Right Now
08:12 Section 8 Strategy and How the Voucher Process Works
16:39 Stop Chasing Appreciation and Make Deals Work Today
19:01 Why You Need a Five Year Minimum Hold Time
21:54 What is Your Buy Box and Why Does it Matter
25:00 Jeff’s Last 30 Transactions Reveal House Hacking Trends
31:18 Our 2025 Predictions for House Hacking Strategies
32:22 Real Client Examples Using Different Strategies
38:08 How to Build Wealth Without High Income
41:20 The House Hacking Mindset Where Patience Wins
43:56 Katie on Building Generational Wealth Without a 401k
45:48 House Hacking Leverage Compared to 401k Returns
48:21 Why 1% Real Estate Appreciation Beats 10% Stock Returns
50:59 Loan Hacking Fundamentals and Getting Pre-Approved
54:07 Common Loan Mistakes That Cost You Deals
56:20 Key Takeaways on Buy Box, Mindset, and Flexibility
Connect with our Guests:Jeff White: jeff@envisionrea.com
Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Website: https://www.novahomeloans.com/loan-officer/troy-howell/
Katie Heinsohn-Noah: katie@envisionrea.com
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Denver’s rental market hit its softest point in 12 years. Properties across the metro are renting $200-400 below peak levels. One Coors Field condo dropped a dramatic 31% from $2,880 to $2,000/month. This Denver real estate market update September 2025 reveals why Colorado investors are seeing the softest rental market in over a decade. Specific opportunities are emerging for those willing to act during fall. Class A condos near Coors Field fell from $2,880 to $2,000/month. Multifamily properties are trading 29% below their 2021 peaks. The data tells a clear story about where Denver’s market stands.
Chris Lopez hosts the monthly roundup with three experts who work directly with Colorado investors daily. Troy Howell from Nova Home Loans shares how refinance activity has surged. Borrowers are moving from 7% rates down to the mid-to-low 6% range. Many are recouping their costs within 12-24 months. Brandon Scholten from Keyrenter Property Management reveals this is the toughest rental market he’s seen in 12 years. One client dropped rent $880/month just to secure a tenant. Jeff White from Envision Advisors explains why fall remains the best buying season. He shares how to make “disrespectful offers” that actually get accepted.
The panel analyzes the Denver real estate market update September 2025 data from the Denver Metro Association of Realtors. Detached homes are up 2% year-over-year. Attached properties (primarily condos) are down 4%. Inventory sits 17.5% higher than last year. However, it remains about 2,000 units below the historical average of 15,000. This suggests the market is normalizing rather than crashing. They discuss the “phantom inventory” problem. Sellers with strong equity positions aren’t truly motivated. This creates listed properties that may never actually sell. A Lakewood apartment complex just sold for $33M. That’s a 29% discount from its $46M sale price four years ago. This illustrates the correction happening in commercial multifamily while residential holds steadier.
In This Episode We Cover:
- Why Denver inventory is up 17.5% year-over-year but still below historical averages
- How mortgage rates at 6% represent the best opportunity in a year for buyers and refinancers
- The 31% rent drop on a Coors Field area condo ($2,880 to $2,000/month) and why this is the softest rental market in 12 years
- Why multifamily properties are having their “2008 moment” with the Lakewood apartment selling at a 29% discount ($46M to $33M)
- Colorado Springs leading the nation with a 12.5% rent decrease since 2022 and what it signals for Denver metro
- How a non-profit worker became a 4-time house hacker and closed on an $850K fourplex with just 5% down
- Why fall is the best buying season and how to make “disrespectful offers” that actually get accepted in Q4
- The phantom inventory problem – sellers who don’t have to sell creating misleading market data
- Colorado’s new 90-day rule when selling vs. renting properties (critical for landlords to understand)
- Why buying properties that work with today’s debt is essential instead of gambling on future refinances
- How medium-term rentals are outperforming long-term in Denver’s current market conditions
Whether you’re a house hacker looking for your first deal or an experienced investor considering scaling into multifamily, this data-driven Denver real estate market update for September 2025 provides the specific numbers and strategies you need for Colorado’s current conditions. The panel emphasizes buying properties that work with today’s debt numbers rather than gambling on future refinances – a lesson many commercial operators are learning the hard way. If you’ve been waiting for the perfect time to buy, the combination of 6% rates, motivated sellers entering Q4, and softening competition may be your window.
Watch the YouTube Videohttps://youtu.be/IeAuPONYZD4Timestamps00:00 – Welcome & September 2025 Market Roundup Intro
01:28 – Market Stats Review: Detached Up 2%, Attached Down 4% Year Over Year
04:30 – Mortgage Rates Drop to Best Levels in a Year – Refi’s Moving from 7% Down to Mid-6% Range
08:19 – Why Fall Is the Best Buying Season for Investors
11:40 – The “Phantom Inventory” Problem: Sellers Who Don’t Have to Sell
15:30 – New Colorado Law: 90-Day Rule for Selling vs Renting Properties
19:10– Softest Rental Market in 12 Years – Brandon Scholten on Dramatic Rent Drops
22:09 Class C Apartments Renting at $895/Month in Denver
24:48– Lakewood 198-Unit Apartment Sells at 29% Discount from 2021 Peak
26:31 Multifamily Opportunity: Commercial Real Estate Having Their 2008 Moment
31:05– Colorado Springs Leads Nation with 12.5% Rent Drop Since 2022
34:04– Four-Time House Hacker Closes on $850K Fourplex with 5% Down
39:05 – Making Disrespectful Offers in Q4 Market
Connect with our Guests:Jeff White: jeff@envisionrea.com
Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Website: https://www.novahomeloans.com/loan-officer/troy-howell/
Brandon Scholten: brandon@keyrenterdenver.com
- LinkedIn: Brandon Scholten
- Website: https://keyrenterdenver.com/
Links in PodcastTwo Denver suburbs take different paths as residents face housing crunch: ‘We can manage it, but just barely’
Who is Keyrenter?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Q4 is here, which means it’s time to start planning for 2026. I plan early so I can be proactive and launch into the new year with a clear game plan. January 1st hits hard and fast after the holidays.
Every year, I review what worked and what didn’t. I look at the big market shifts and ask myself: how should I adapt?
When I evaluate my progress, I focus on two areas:
- Entrepreneurial Journey: Where I’m making money as an entrepreneur
- Investing Thesis: How I deploy that capital—my strategic framework for where and how to invest based on market conditions, expertise, and risk tolerance
Let me walk you through my journey—not just the wins, but the lessons that shaped how I think about investing today.
Rates started rising in 2022, signaling a major market shift. I’ve learned from experience to pivot when markets change, so I began adjusting both my investing strategy and entrepreneurial focus. Since real estate moves slowly, that pivot is still ongoing. I’m sharing these lessons to help you navigate your own transitions, whether as an investor, entrepreneur, or both.
Watch the YouTube Videohttps://youtu.be/98D_dY6YAOoPhase 1: The Entrepreneurial Beginning (2002-2009)I was a sophomore at Virginia Tech when the entrepreneurial bug bit me hard. That launched me into an early tech and online marketing business that did incredibly well.
I learned how to run a business, developed money-making skills, and generated significant active income. But I made critical mistakes:
- I reinvested too much back into the business instead of diversifying into non-correlated assets
- I had lifestyle inflation and spent way more than I needed to
- When I did have money to invest, I focused on day trading stocks and foreign currency exchange
Like most people who try day trading, I was not successful at it. I didn’t lose money, but I didn’t make any money either. Worse, I realized it was basically a job—my money wasn’t working hard unless I was actively working. I wasn’t really investing. After a couple of years, all I had to show for it was worse eyesight from staring at computer monitors.
Like many entrepreneurs, Rich Dad Poor Dad was my first business book. That’s what put real estate on my radar as the path to building wealth. It was time to make that pivot.
Phase 2: The Transition Years (2009-2011)The Great Financial Crisis hit, and even though I wasn’t in real estate, my business felt the ripple effects. Several factors converged:
- Industry headwinds hit us hard
- Business partnership issues emerged
- The broader economic crisis created challenges
All of this led to my income starting to fall. We had momentum and high profit margins, but not anymore.
That’s when I learned my next key lesson: every business opportunity, every investment opportunity has a life cycle or a sweet spot for where you are in the cycle. Every opportunity eventually ends, so ride it well while it’s great and move on when it’s time. My big mistake was taking too long to pivot.
I was doing a full pivot, creating my new investing thesis and entrepreneurial journey—both in real estate.
In 2010, I started looking for my first deal. In January 2011, I bought my first house hack—a foreclosure at one-third of the peak price with creative financing: zero down, 5% fixed rate over 15 years.
The success of that first deal gave me the belief that I could really excel in real estate. I knew the next real estate cycle was about to begin. In the stock market, you can’t make anything happen – you’re never a part of it, you’re just reacting to news. In real estate, I could take a leading role and actually make deals happen.
So I went all-in on real estate.
Phase 3: Building the Rental Portfolio (2011-2019)My gut said the next market cycle was beginning. Prices dropped so much that they only had one way to go—UP.
My investing thesis was simple: buy rentals. I was buying rentals, doing cash-out refis, and doing 1031 exchanges to scale my portfolio.
As an entrepreneur, I launched my brokerage, Envision Advisors. I had figured out how to buy rentals and scale my portfolio—now I helped other investors do the same thing.
Both as an investor and entrepreneur, I rode Denver and Colorado’s amazing growth wave. Prices and rents were growing at a fast pace.
Here’s the crucial difference from my early career: In my first business, I made money but invested poorly. This time, I made money AND invested wisely. This created my next “good problem”—significant net worth growth with high concentration in Denver metro residential real estate.
Phase 4: Real Estate Diversification (2019-2022)By the late 2010s, I had built significant net worth concentrated in Denver residential real estate. But several factors converged that made me rethink my strategy:
- Numbers were getting harder to make work in Denver
- My life was getting busier as an entrepreneur with a growing young family
- I was no longer getting amazing returns on my active hustle
My first focus for diversification was geographic—outside of Colorado.
I’m not a fan of out-of-state investing. I had seen too many people get chewed up by out-of-state deals. They were either hands-off and got their butts kicked, or they regularly traveled to those markets (vacation, business, family) and built insider knowledge. I couldn’t replicate my Denver knowledge and network elsewhere. I had no desire or connections to travel to markets where the rental numbers made sense. Syndications gave me the geographic diversification I needed without the out-of-state landlord headaches.
In 2019, I made my first LP investment in a multifamily syndication. I gradually increased my allocation to passive deals—primarily multifamily and debt funds in Denver and the Midwest—while continuing to buy select rentals in Denver.
Phase 5: Pivot and Global Portfolio Diversification (2022-2025)Rates started rising in 2022 and I knew it was time to pivot again. Before I tell you what I did, there are two key principles I focused on:
Principle #1: Ride the Big Fing TrendsIf I could only have one investment principle, it would be this: ride the big fing trends.
Looking back at my career, my biggest wins came when I aligned with massive growth waves:
- Early internet boom (Phase 1): My first business generated significant revenue riding this trend
- Denver rental explosion (Phase 3): Built wealth as both investor and entrepreneur
Those periods generated the most revenue, with the least friction, and were frankly the most fun. When you’re paddling downstream with the current, everything moves faster and easier.
The flip side? When I’ve fought trends or ignored market shifts, I’ve struggled. I’ve learned the hard way: growth is your friend, and fighting the current is exhausting.
In 2022, commercial real estate was heading for a crash. Rate increases would pressure residential prices, but commercial was going to feel real pain—their 2008 moment. Distressed assets create the best buying opportunities. I had capital to deploy, strong connections in the space, and the perfect vehicle to access these deals: passive LP investments. The pain was just beginning.
How I Changed My Investing ThesisApplying this principle, I made a fundamental shift: I stopped buying rentals, started investing in passive deals, and began selling some of my rentals.
This transition delivered exactly what I hoped for:
- Increased Cash Flow: Despite selling properties, my overall cash flow increased through passive investments
- Freed Up Bandwidth: Even with property managers, I still needed to manage the managers and handle asset management. Now I had that mental bandwidth back
- Simplified Operations: Just this year I closed down 3 LLCs and eliminated multiple bookkeeping headaches
- Access to Better Deals: I kept seeing syndication opportunities and thinking “there’s no way I can do that on my own.” Now I could participate
Was it perfect? Nope. I caught a couple of “falling knives” as the commercial market turned. But I’m in a far better position than if I’d kept those rentals. In hindsight, I should have sold everything and held more cash before deploying. At the time, it felt scary—plenty of people thought I was crazy for selling rentals with sub-4% debt. But the transition worked.
The investing pivot worked. But Envision Advisors helped investors buy rentals, and I wasn’t buying rentals anymore—I was investing passively because that was the next big fing trend. I needed a new business model that stacked with my new investing thesis: Property Llama Capital.*
Principle #2: The Stacking PhilosophyIdentifying the trend is step one. Step two is stacking everything around it.
Here’s my core theory: find the best investment opportunities, then build a business around that same trend. When you align market trends with your skills, interests, and business opportunities, you create exponential effects. That’s the 1+1+1 = 9 result.
You may or may not be an entrepreneur looking to build a business, but you have opportunities, skills, connections, and resources that allow you to stack. Whether you’re W2 or self-employed, I encourage you to identify how you can create your own stack based on your unique situation.
Phase 3 was perfect stacking: I was buying rentals (investing), running Envision Advisors (business), and the Denver rental market was booming (trend). Everything aligned. It generated revenue with minimal friction, was genuinely fun and we helped hundreds of clients buy rentals for their financial success.
Phase 5 is stacking again (2022-Present): Here’s how it comes together in the current market shift:
- The Trend: Commercial real estate distress + growing demand for passive investing opportunities. Direct ownership of these larger commercial assets is much harder than residential due to price points—many are in the 7 or 8 figures+—making passive investing an easier way to access them. Plus, regulatory frameworks have received significant clarity as the market has matured.
- My Skills: 15+ years of real estate investing, deal structuring, investor education, marketplace building, and a strong network of operators and investors
- The Business: Envision Advisors was the right business for investors buying directly-owned rental properties, but not for passive investing. To help investors access these opportunities, we created Property Llama Capital to connect them with vetted passive deals they couldn’t access on their own.
So far Property Llama Capital has helped over 100 investors access these opportunities—a huge privilege that also validates this approach.
I’m investing alongside my investors in deals I’m excited about. They get access to vetted deals they couldn’t find on their own, and because we’re writing 7 or 8 figure checks as a group, we get better economics. When you stack trends, skills, interests, and business opportunities, it’s more fun AND more profitable.
Present Day: The Next Evolution (2025 and Beyond)The pivot is working—both as an investor and entrepreneur. The direction is set, the trends are validated, and the results confirm I’m on the right path. Now it’s about the next evolution of my investing thesis: diversifying beyond real estate.
I’m currently about 75-80% real estate across all my investments. Plus, my businesses are built around real estate—Property Llama and Property Llama Capital. That’s a lot of concentration risk. Time for a global portfolio rebalance.
Here’s how I’m rebalancing:
My Portfolio Allocation StrategyReal Estate (55% Allocation):
The biggest rebalance I want to do within real estate is capital stack diversification.
The capital stack is your position in a deal—are you an equity owner or a lender? When I was buying rentals and investing in syndications, the vast majority had been on the equity side.
A few years ago, I started investing in debt funds to be on the lender side. This checks all the boxes for what I’m looking for:
- Double-digit cash flow – debt funds are paying 10%+ returns, which is the best cash flow in the current market cycle
- Fully passive – no operational headaches like direct ownership
- Diversified risk – my investment spreads across 50-100+ loans, not one deal
- Senior debt protection – first position means lower risk of capital loss
- Market cycle advantage – in distressed markets, lenders have the upper hand
I’m about 85% equity right now and 15% debt funds. I want to shift to 50% equity and 50% debt. Why? To maximize cash flow and preserve capital. Early in wealth building, you chase upside. Later, you protect what you’ve built while generating income. I still want growth, but I want better balance—think of it like a 50/50 stocks and bonds allocation, but in real estate.
This 50/50 rebalance will take 3-5 years. The rentals I still own have great debt and cash flow, but it’s a horrible time to sell—I’m not leaving money on the table. Many of my syndication investments need to go full term before I can recycle that capital. In the meantime, the new money I’m deploying today goes primarily toward debt funds.
The Contrarian Play: Denver is Back on My Radar
There’s a lot of pain in Denver real estate right now. Everyone has negative sentiment, myself included. But that reminds me of the Buffett quote: “Be fearful when others are greedy and be greedy when others are fearful.”
The previous market cycle saw double-digit annual price and rent growth in Denver. That pace wasn’t sustainable. Growth has slowed or reversed. Meanwhile, property taxes jumped, insurance costs doubled, operating expenses climbed, and new legislation made it tougher and more expensive to operate rentals.
But this is where opportunities show up.
Case in point: a friend just bought a 10-unit building in Congress Park for around $95,000 a door. That’s 2018 pricing! At these prices, I see a lot more upside than downside.
I recently partnered with a hard money lender expanding into Denver. For the first time, I’m underwriting deals as the lender instead of the borrower. The lender’s perspective reveals the real numbers, the actual distress, and where the opportunities are. It gave me even more confidence in the lending side and reignited my interest in Denver, along with the distressed multifamily.
I’ve been actively investing on the lending side, but haven’t made equity investments in Denver recently. That may be changing. Pain equals opportunity.
Public Markets (35% Allocation):
I’m shifting significant capital to public markets for three reasons: ride the Big Fing Trends outside of real estate, reduce real estate concentration risk, and increase liquidity.*
Why the liquidity focus? The 2008 Great Financial Crisis taught me the importance of liquid reserves. I’ve maintained that discipline, but like most real estate investors and entrepreneurs, the last few years have reduced my liquidity. I’m building it back up, specifically in non-retirement accounts for better liquidity. Plus, I love that stocks hit my checking account within days.
I’ve traditionally followed Warren Buffett’s approach. Warren Buffett recommends 90% S&P 500 and 10% cash. I’ve been around 90% S&P, 2-3% cash, and the rest some fun money. That’s changing.
My new allocation:
- 60% broad market (S&P 500, total market funds)
- 40% trend plays (sectors below)
Remember my Principle #1: ride the Big Fing Trends? The biggest trends outside of real estate right now are AI, crypto, and blockchain.*
But I don’t have the insider knowledge and connections in these spaces like I do in real estate. Key lesson from private investing: when you lack deep expertise and strong networks, invest through public markets instead of trying to pick private deals.
The big trends I’m targeting:
- AI Infrastructure – data centers, semiconductors, cloud services
- Energy and Nuclear – demand explosion from AI and manufacturing onshoring
- Cryptocurrency – Bitcoin (90% of crypto allocation) through Fidelity’s ETF (FBTC), small positions in Ethereum and Solana
- Blockchain Technology and Infrastructure – separate from pure crypto plays
- Tech – larger established players (Google, Microsoft, etc.) and large and medium cap tech-heavy ETFs
- Gold – I never owned gold before this year, but I’m glad I started buying positions.
Most positions are through sector ETFs with select individual stocks.
Cash (5% Allocation):
Operating reserves, portfolio rebalancing cushion, and dry powder for opportunistic deals. This isn’t personal emergency savings—it’s investment capital sitting in checking accounts, high-yield savings, and short-term Treasury bills. Safe and liquid, ready to deploy (or cover rental properties!)
Opportunistic Investments (5% Allocation):
Unique opportunities across different asset classes—businesses, alternative investments, and deals that come through my network and expertise.
This is a combo of fun money and “invest to learn” capital. If there’s something I’m interested in, I only really pay attention when I have real money invested. It’s how I learn about new asset classes, test operators, and explore opportunities outside my core strategy. Some work out, some don’t, but overall I make money and get a great education. Oftentimes I’m reminded to stay focused on my core strategies!
Maximizing Tax-Advantaged Savings: My Solo 401k Strategy
In 2021, I opened a self-directed Solo 401k and have contributed money and rolled over IRA funds. This has become a crucial part of my investment strategy—allowing me to invest in real estate deals with tax-deferred or tax-free growth.
When I was buying rental properties, I looked at the numbers as both a rental property owner and a broker. The numbers weren’t great for buying rentals in self-directed accounts. Plus, there were stipulations around investing in rental properties through self-directed accounts that made it hard to make it worthwhile.
But I’ve learned there are two biggest opportunities in Solo 401ks or self-directed IRAs:
1. Real Estate Partnerships and Syndications: You can invest in real estate partnerships, syndications, and passive funds without all the restrictions and harder debt requirements (non-recourse loans, higher rates). This includes debt funds, apartment syndications, and alternative assets. All the benefits of real estate investing with none of the rental property restrictions.
2. Private Lending: Rather than using the IRA to buy a property, successful investors I know use their IRA to lend money to flippers and projects—making individual notes and earning consistent returns. Reflecting on the past market cycle, while I couldn’t make buying rentals through my 401k make sense, I wish I had lent money instead.
I’m focused on number one. While I love private lending, I’m doing that through investing in real estate debt funds rather than lending directly myself. I like debt funds for the diversification and added due diligence they provide—my investment spreads across 50-100+ loans rather than lending to one borrower.
A key shift in my strategy: A couple years ago, I started contributing as Roth instead of traditional pre-tax contributions. I’m paying taxes today for tax-free growth later. My thoughts? I can consistently generate 10%+ returns in these accounts, which makes paying taxes upfront worth it. Plus, I expect tax brackets will be higher when I retire—combination of hopefully more personal success and the government raising tax rates.
I’d highly encourage you to explore self-directed IRAs or Solo 401ks if you’re self-employed or have side business income. The ability to invest in passive real estate deals with tax advantages is a game-changer.
Who, Not HowOne of my biggest mindset shifts has been moving from “How do I do this?” to “Who can do this better than me?”
In my first business, everything was about how. How do I build this? How do I scale it? How do I fix it? I was hands-on with everything.
When I got into real estate, I focused on a combination of both. I figured out the HOW—where I brought exceptional, high dollar-per-hour value. Then I found the WHO’s for everything else.
I encourage everyone to ask this question: What’s worthwhile in your portfolio and business that you should handle yourself versus finding the right WHO? Focus on your unique value. Delegate or partner on the rest.
I’m always open to new connections, opportunities, and collaboration. Reach out if there’s a way we can work together.
Want to dive deeper into this concept? Read Dan Sullivan’s book “Who Not How.”
Closing ThoughtsEvery year, I go through this exercise. What worked? What didn’t? Where’s the market heading? Then I focus on optimizing my portfolio accordingly and updating my investing thesis.
I encourage you to do the same.
House hackers are closing deals at 6% rates and generating positive cash flow. While market headlines suggest waiting for better conditions, three separate Colorado deals just proved house hacking delivers results in 2025. These aren’t theoretical examples – we’re breaking down actual purchase prices, financing packages, and cash flow projections from deals that closed this year.
Chris Lopez sits down with Denver broker Jeff White (completing his 9th house hack) and Troy Howell from Nova Home Loans to dissect three successful closings. Jeff’s latest acquisition – a $910K off-market fourplex – demonstrates how strategic advice and relationship building created $55K in instant equity while generating $975 monthly cash flow during owner occupancy and $3,000 after move out.
These deals span Denver and Colorado Springs, showcasing different strategies from first-time buyers to experienced house hackers. You’ll discover why a $540K move-in ready property beats $20K+ renovation projects, how Colorado Springs’ unincorporated areas offer Airbnb flexibility across all four units, and why Section 8 zip code variations boost returns by $520 per unit monthly.
In This Episode We Cover:
- How off-market relationships led to a $55K appraisal windfall on Jeff’s 9th house hack
- Why paying premium for move-in ready properties saves money versus renovation projects
- Section 8 zip code strategy generating $1,870 monthly for two-bedrooms in Colorado Springs
- Financing packages that work – 6% rates, PMI buyouts, strategic down payment choices
- Cash flow analysis – $975 while living there, $3,000 after moving out on Denver fourplex
- Why house hacking still pencils at current rates despite market headlines
- Colorado Springs vs. Denver opportunities for multifamily investors
Whether you’re a first-time buyer starting with $25K down or an experienced house hacker building toward a ten-property portfolio, you’ll learn how to structure deals that generate positive cash flow from day one while building long-term wealth through Colorado real estate.
Episode Overviewhttps://youtu.be/Td2yp1H6Vs4Timestamps00:00 – Welcome & Guest Introductions
02:44 – Jeff’s 9th House Hack – Denver Fourplex Journey to 10 Properties
08:18 – Financing Package Breakdown – 15% Down, 6% Rate, PMI Buyout Strategy
12:48 – Cash Flow Analysis – $975/Month While Living There, $3,000 After Move Out
16:30 – Deal #2: Single Family Mother-in-Law – First-Time Buyer Strategy
22:00 – Airbnb vs Long-Term Strategy – $2,700 Monthly from Basement Rental
26:12– Deal #3: Colorado Springs Fourplex – Unincorporated Area Advantages
32:44– Section 8 Zip Code Analysis – $1,870 Two-Bedroom Rates in Springs
35:48 – Market Reality Check – House Hacking Still Works in 2025
Connect with our Guests:Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Website: https://www.novahomeloans.com/loan-officer/troy-howell/
Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Overpricing rental properties costs investors weeks of vacancy time, while underpricing locks in lost income for entire lease terms. Keyrenter CEO Brandon Scholten and leasing specialist Shawn Riley break down their proven 4-step rental analysis process that helps Colorado investors avoid both costly mistakes.
Chris Lopez joins forces with the Keyrenter team to demonstrate exactly how property managers analyze rental markets using tools most investors never access. Brandon brings 10 years of Colorado portfolio data while Shawn performs 40+ rental analyses weekly, giving them insights into what actually rents versus what owners hope to achieve.
This comprehensive training reveals why 70% of owners start above recommended rent ranges and how the first week on market determines your entire leasing timeline. From Rent-O-Meter analysis to Zillow competitor research to proprietary portfolio data, you’ll learn the exact process professional property managers use to minimize vacancy time while maximizing rental income.
In This Episode We Cover:
- 4-step rental analysis process using Rent-O-Meter, Zillow, and portfolio data
- Why starting $200-300 above market rate typically results in renting at the bottom of your range
- First week performance rule – need 2-3 tours booked or immediate price adjustment required
- Case study: Denver condo rented in 8 days at $1,950 while mountain view units stalled at $2,200+
- Interior finishes that matter – clean carpet beats kitchen remodels for rental ROI
- How AC vs swamp cooler affects conversion rates with out-of-state tenants
- HB25-1090 legislation impact – new transparency requirements changing pricing strategies
Whether you’re underwriting your first rental property or optimizing an existing portfolio, this step-by-step rental analysis training provides the data-driven approach Colorado investors need to make profitable pricing decisions. Don’t let guesswork cost you thousands in lost rent or extended vacancy periods.
Episode Overviewhttps://youtu.be/zIx869uLLVoTimestamps00:00 – Welcome & Guest Introductions
05:34 – Why Rental Analysis Matters
07:50 – Step 1: Rent-O-Meter Analysis
08:59 – Step 2: Zillow Active Listings
11:54 – Interior Finishes Impact on Rent
14:11 – AC vs Swamp Cooler Premium
15:40 – Step 3: Property Manager Portfolio Data
16:40– Step 4: Setting Rent Ranges Not Fixed Numbers
18:21– Case Study #1: Denver Mid-Century Condo – Mountain view units
21:05– Case Study #2: Edgewater Single Family
30:38 – Live Rental Analysis: Thornton 4BR/2BA
32:09– Rent-O-Meter Comp Breakdown
35:05– Zillow Comp Analysis
38:29– In-Portfolio Comp Verification
45:52– Owner-Paid Perks Strategy
47:39– HB25-1090 Legislation Impact
55:22 – Fall Rental Season Strategy
Connect with our Guests:Brandon Scholten: brandon@keyrenterdenver.com
LinkedIn: Brandon Scholten
Website: https://keyrenterdenver.com/
Keyrenter Contact:
Rental Analysis: shawn@keyrenterdenver.com
Investor Events: virginia@keyrenterdenver.com
Links in PodcastFree Rental Analysis
Upcoming Investor Dinner: Join Key Renter for their next investor dinner on Thursday, October 9th from 6-8pm at their Wheat Ridge office. Topic: “Property Management in Transition” Space is limited – RSVP by emailing virginia@keyrenterdenver.com.
Property Management Consultation: If you submitted a property during the webinar and didn’t receive your analysis, Shawn Riley will be following up individually. For new requests, contact shawn@keyrenterdenver.com.
Who is Keyrenter?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Episode OverviewWhat if Colorado’s market stagnation is actually creating the best investor opportunities in over a decade? While most buyers sit on the sidelines waiting for lower rates, meanwhile savvy investors are capitalizing on August’s unprecented real estate trends. Furthermore, Colorado Springs just hit 4 months supply of inventory. Denver’s active listings dropped 7% in a single month. Consequently, this creates distinct opportunities across the Front Range.
Host Chris Lopez, Co-Founder of Property Llama and host of the Denver Real Estate Investing Podcast, brings together Colorado’s top real estate professionals. Additionally, Troy Howell from Nova Home Loans reveals 10-year treasury rates hitting 4.03%. Jeff White, Denver’s go-to investment broker, simultaneously shares why 70% of appraisals are coming in at or above contract price. Moreover, Jenny Bayless breaks down Colorado Springs market dynamics. Median prices dropped from $497K to $480K year over year.
The team conducts an in-depth analysis of pad split conversions. They walked properties with investors transitioning from short-term rentals. Specifically, room-by-room strategies generating $264 per week require $30-40K upfront investments. However, they eliminate seasonality risks. In addition, they reveal why builders are offering 20-25% discounts to investors. DSCR loans provide financing flexibility for non-traditional rental strategies.
Beyond market data, the discussion explores real-world scenarios. These include Aurora’s notorious complex foreclosure where only one unit paid rent. Additionally, they examine downtown Colorado Springs’ 3,000 new apartment units. These units are pricing out local residents. Furthermore, showing trends suggest these buyer-favorable conditions will persist. The panel also examines HOA financial crises affecting small complexes. They discuss lending differences between condos and townhomes. Moreover, appraisal performance consistently exceeds expectations despite market uncertainty.
In This Episode We Cover:
- Builder concession strategies delivering 20-25% effective discounts
- Why 4 months inventory supply signals buyer’s market opportunity in Colorado Springs
- How Denver’s 7% inventory drop creates false scarcity for unprepared investors
- Pad split conversion analysis – $264 weekly rates with $30K investment requirements
- Fed rate cut expectations and mortgage rates trending toward 6%
- Why 70% of appraisals exceed contract prices despite buyer market conditions
https://youtu.be/rwQN33imows?si=y1l4oyV46xKr9aSVTimestamps00:00 – Welcome & Guest Introductions
01:18 – Colorado Springs Market Update – 4 Months Supply of Inventory
4:07– Condo vs Townhome Lending Rules – Critical Differences
14:04 – Denver Market Trends- Balanced Market Indicators
17:31 – Pad Split Property Walk Analysis – 7 Bed Conversion Strategy
35:24– Interest Rate Update –Fed Rate Cut Expectations
41:25 – Colorado Springs Apartment Boom – 3,000 Units Downtown
46:44– Aurora Complex Foreclosure Update – Only 1 Unit Paid Rent
48:51– Showing Trends Analysis – 5.5 Showings per Month Average
52:18 – Appraisal Performance Report – 70% Coming in at Contract Price
Links in PodcastApartment boom? Downtown Colorado Springs triples numbers of apartments since 2021
New developments expected to add nearly 500 middle-class and affordable housing units in downtown Colorado Springs
Lender forecloses on Aurora apartment complex owned by notorious landlord
Here’s Why Old Homes Suddenly Cost More Than New Ones
Connect with our Guests:Jeff White: jeff@envisionrea.com
Jenny Bayless: jenny@envisionrea.com
Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Website: https://www.novahomeloans.com/loan-officer/troy-howell/
Who is Keyrenter?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Episode OverviewColorado real estate market opportunities are emerging as distressed builders struggle with inventory. Mike Hills, VP at Atlas Real Estate Company, reveals how current market conditions create exceptional opportunities for Colorado investors. His company manages over 6,000 doors across 10 states and recently launched their first fund targeting these market opportunities.
Mike Hills brings unique perspective as both the second employee at Atlas Real Estate (now 200+ employees strong) and a personal investor who’s been house hacking since 2001 – before the term even existed. His journey from liquor store owner to real estate executive offers raw insights into surviving market crashes and building sustainable wealth through 20-year thinking while capitalizing on current Colorado market opportunities.
This episode reveals Atlas’s proprietary strategies for identifying real estate opportunities and why they’re currently buying entire developments at 15-25% discounts to retail. Mike Hills shares hard-earned lessons about tenant retention, contractor relationships, and why 2025 Colorado market conditions are showing recovery signs after the challenging 2024 market.
In This Episode We Cover:
- How Mike Hills survived the 2008 casino project disaster and rebuilt stronger
- Atlas Real Estate’s growth from startup to 6,000+ door operation
- Why tenant retention beats rent increases in today’s market
- Colorado market opportunities following hospital and infrastructure development
- Distressed builder opportunities creating 15-25% instant equity
- Signs that contractors are getting hungry again in 2025
- 20-year mindset approach that builds generational wealth
Mike Hills’ combination of personal investing experience and professional market insights provides actionable strategies for building wealth through Colorado real estate opportunities. From managing a handful of rentals to scaling toward institutional size, this conversation cuts through market noise with data-backed perspectives from someone managing thousands of doors while building his own substantial portfolio in today’s market conditions.
https://youtu.be/GP1btIoOZL0?si=yeiqj-YYaJySb190Timestamps00:00 – Welcome & Guest Introduction – Mike Hills from Atlas Real Estate
01:30 – Mike’s Origin Story – House Hacking Pioneer Since 2001
04:10– From Casino Failure to Atlas Success – Learning from $250K Loss
08:43 – Atlas Empire Breakdown – 6,000 Doors Across 10 States
12:31– Urban Infill Strategy Revealed – Following Hospital Development
13:52 – 20-Year Mindset Philosophy – Why Patience Beats Home Runs
16:55 – Cash Reserve Strategy – 6 Month Emergency Fund Rule
19:24 – 2024 Market Reality Check – Vacancy and Eviction Challenges
26:35– Teaching Kids About Money – Real World Lessons
30:11 – Distressed Builder Opportunities – Atlas First Fund Launch
36:43– Property Management Wisdom – Tenant Retention Over Rent Raises
*42:18* – Investment Advice – Building Generational Wealth
Links in PodcastWebsite: www.realatlas.com
Connect with Mike:
Email:michael@realatlas.com
Phone: (720) 220-8500
LinkedIn: linkedin.com/in/mike-hills-122974215
Episode OverviewMost landlords think a paid-off rental property is the ultimate win. However, what if that “safe” 3.4% return is actually costing you thousands in opportunity cost? In this eye-opening episode, we break down a real Denver property worth $484,000 that’s generating just $16,500 annually – and furthermore show you exactly how private lending real estate investing can potentially 4x that income through strategic debt fund strategies.
Additionally, Chris Lopez, host of the Denver Real Estate Investing Podcast and co-founder of Property Llama, reveals why he’s personally moved away from traditional rental strategies toward debt fund investing that pays 22-25% annually. Moreover, with hundreds of rental property transactions under his belt, Chris shares the exact analysis tools and strategies that helped him overcome what he calls “1031 Derangement Syndrome” – specifically, the fear of paying taxes that keeps investors stuck in underperforming assets.
This isn’t theoretical – instead, we walk through live Property Llama scenarios showing how selling a paid-off rental and reinvesting through private lending real estate investing can generate $34,000 to $74,500 annually instead of $16,500. As a result, you’ll discover why pure cash flow strategies are particularly powerful in today’s market cycle, furthermore learning how to evaluate debt funds that lend to fix-and-flip investors, and finally understanding the exact risk-adjusted returns available right now through platforms like Property Llama Dynamo 2.
In This Episode We Cover:
- Why 3.4% cash flow on equity is actually underperforming your savings account
- How to become the bank and earn 8-25% annual returns through private lending
- Real scenarios showing 2x to 4x cash flow increases from strategic property sales
- Live Property Llama demonstration with actual Denver property analysis
- Chris’s personal shift from 1031 exchanges to tax-smart debt fund investing
- Property Llama Dynamo 2 breakdown – 22-25% annualized returns explained
- Portfolio optimization strategies for maximum cash flow without rental headaches
Whether you’re holding paid-off properties generating minimal returns or looking to reduce rental property management headaches while maximizing income, this episode provides actionable strategies you can implement immediately. Don’t let tax fears keep you stuck in underperforming investments – discover how strategic property sales can dramatically boost your cash flow in 2025.
https://youtu.be/ZeJjulKCI_0?si=_rM1G6Sm86fj6pvdTimestamps00:00 – Welcome & Panel Introductions
01:21 – Private Lending Explained – How to Become the Bank (8-25% Returns)
02:31 – Real Property Analysis – $484K Denver Rental Generating Only 3.4% on Equity
04:19– Scenario 1 Breakdown – 10% Debt Fund = 2x Cash Flow Increase ($34K Annual)
06:40– Scenario 2 Revelation – 22% Debt Fund = 4x Cash Flow Boost ($74.5K Annual)
08:08– Tax Strategy Shift – Overcoming “1031 Derangement Syndrome”
09:05 – Property Llama Dynamo 2 Details – 22-25% Annualized Returns Available
Links in PodcastDetailed breakdown of Property Llama Dynamo 2 investment fund
Property Llama platform and portfolio optimization tools
**Past performance does not guarantee future results. All investments involve risk, including the potential loss of principal. Returns shown are historical and may not be indicative of future performance. Individual results may vary. This information is for informational purposes only and does not constitute an offer to sell or a solicitation to buy securities. Please consult with your financial advisor and review all fund documents before making investment decisions.
Episode OverviewColorado house hackers are facing record-high insurance costs – but this 25-year broker just revealed how to cut premiums by $1,000+ annually. Most investors have no idea that 75% of their insurance premium comes from ONE factor, or that Colorado insurance companies are literally losing $10 for every $1 they collect in premiums.
Chris Lopez hosts an eye-opening panel with insurance broker Kendall Liedtke (25+ years, 12 company access), mortgage expert Troy Howell (Nova Home Loans), and investor Jeff White (Envision Advisors) to break down the 2025 Colorado House Hacking Insurance strategies investors desperately need.
Kendall drops bombshells including why your credit score difference between 760-850 can save $1,000 annually, how roof age controls 75% of your premium costs, and why having just ONE non-weather claim can get you declined by most carriers. Jeff reveals his three-tier protection strategy that lets him sleep peacefully managing dozens of rental units across Colorado.
In This Episode We Cover: Why insurance companies require auto+home bundling (it’s not greed – here’s the math) * $1,000+ annual savings from credit score optimization alone * How 75% of your premium is determined by roof age (shocking breakdown) * Why Colorado carriers lose $10 for every $1 collected and what this means for rates * House hacking insurance strategy: One policy with endorsements vs separate coverage * $500K liability requirement for tenants (costs only $15-20 more annually) * Additional interest vs additional insured – critical distinction for landlords * Three-tier protection strategy: Renters + Landlord + Umbrella coverage * And So Much More!*
This episode could save Colorado house hackers thousands annually while ensuring proper protection. Whether you’re analyzing your first house hack or optimizing an existing portfolio, these insider strategies from a 25-year broker are pure gold for Colorado real estateinvestors.
https://youtu.be/jqCT289j5l0?si=p4WNxMmQQyVV6OvUTimestamps00:00 – Welcome & Panel Introductions
02:05 – Kendall Liedtke Introduction – 25+ Year Insurance Broker with 12 Companies
03:19 – Captive vs Independent Agents – Why Shopping Matters
04:46 – Homeowner’s vs Rental Policies – 4 Property Types in Colorado
05:53 – Should You Shop Insurance? – Broker Advantage Revealed
7:15 – Bundling Requirements – Insurance Companies Losing $10 Per $1 in Colorado
10:26– High vs Low Deductibles – 1% Wind/Hail = $5,000 on $500K Home
11:46 – Credit Score Impact – 760 vs 850 = $1,000 Annual Savings
14:36 – Claim History Effects – One Non-Weather Claim = Declined
18:20 – Roof Age Reality Check – 75% of Premium Tied to Roof Age
23:08– House Hacking Coverage – Don’t Take Shortcuts on Protection
25:08?– Short vs Long Term Rentals – 180 Days = The Dividing Line
33:40– Tenant Insurance Requirements – $500K Liability vs $100K Standard
40:47 – Colorado Dog Breed Law – No More Breed Discrimination
44:03 – Umbrella Policy Benefits – Tiered Protection Strategy
Connect with our Guests:Kendall Liedtke: kendall.liedtke@trucordiainsurance.com
- Phone: 720-833-8421
Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Website: https://www.novahomeloans.com/loan-officer/troy-howell/
Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Episode OverviewProperty Llama just broke records for the sixth consecutive month while most real estate funds are struggling with paused distributions and capital calls. This comprehensive 2025 Property Llama shareholder update reveals exactly how they went from survival mode to consistent record-breaking growth, and why their debt fund is tracking at nearly 24% annualized returns with 66% of new capital coming from repeat investors.
Chris Lopez and Richard McGirr, co-founders of Property Llama, break down their complete transformation strategy in this detailed 2025 Property Llama shareholder update. Together, they’ve built a “small but mighty” team that can scale 3x without additional hiring by focusing ruthlessly on what actually works.
This isn’t your typical feel-good business update. Chris and Richard reveal the hard truths about cutting two-thirds of their business functions to achieve laser focus, why their users average over $1M in property equity, and how they identified that real estate investors have one primary goal: income over everything else. They also share exclusive updates on their deal performance, including a build-to-rent project that received an unsolicited private equity buyout offer just three months after closing, potentially cutting the business plan timeline in half.
Their success has attracted major national partnerships, with Richard now hosting Unlimited Capital on the Best Ever CRE network and Chris co-hosting BiggerPockets’ new Passive Pockets show. These partnerships demonstrate their “other people’s media” strategy for achieving national scale without the massive time and money investment typically required to build audiences from scratch.
In This Episode We Cover:
- How cutting 66% of business functions led to record monthly growth
- Why their debt fund tracks 24% annualized returns while others struggle
- The bootstrap mentality that prioritizes cash flow over features
- How they identified what investors actually want (hint: it’s not 1031 exchanges)
- Deal performance updates across multiple markets and asset classes
- Why 66% of monthly capital comes from repeat investors
- How to build systems that scale 3x without hiring additional team members
- National partnership strategy with Best Ever CRE and BiggerPockets
- And So Much More!
Whether you’re an active real estate investor looking to go passive or an entrepreneur trying to focus your business for maximum growth, this Property Llama shareholder update delivers specific strategies and real numbers from operators who went from survival mode to thriving while others struggle. Don’t miss Chris and Richard’s transparent breakdown of what’s working in today’s challenging real estate market.
https://youtu.be/88podJh4qjgTimestamps00:00 – Introduction
02:30– Pivoting, Surviving and Thriving – Launching During Market Shifts
03:25 – Property Llama Users Hit $1M+ Average Equity – Why This Matters
06:00 – Finding What Investors Actually Want -Solutions vs Features
08:52 – Right People on the Bus – Building Small But Mighty Teams
12:13– Systems That Scale 3x Without Hiring – Cutting Two-Thirds of Functions
14:20 Every Month Breaks Records – How Focus Drives Growth
17:04 – Des Moines Market Outperforming – 9 LOIs on Single Property
20:36– Build-to-Rent Gets Unsolicited PE Offer – Cutting Timeline in Half
22:31 – Debt Fund Tracking 24% Annualized Returns – 66% Repeat Investors
25:40 – National Partnerships – Best Ever CRE & Passive Pockets
30:25 – Second Half 2025 Priorities – Execute on What’s Working
Links in Podcast* Property Llama Website * Passive Pockets * Best Ever CRE
Check out some of the Best Ever Episodes with Chris and Richard:
JF 3959: Fund Structuring Secrets, and The Power of Personal Brand ft. Justin Freishtat
JF 4001: Fund‑of‑Funds Playbook, Family Office Relationships and LP‑First Investing ft. Danny Gould
Capital Raising Confidence, Authentic Investor Messaging, & Why He Avoids Multifamily ft. Ash Patel
Episode OverviewA $1 condo listing in Lakewood just had an open house – and ZERO people showed up. This isn’t just a quirky real estate story; it’s revealing what July 2025 Denver market trends are showing us about a massive shift happening right now. While detached homes stay relatively stable, condos are crashing with prices down 7% year-over-year and financing options disappearing.
Chris Lopez, CEO of Envision Advisors and host of the BiggerPockets House Hacker Show, breaks down July’s Denver market trends with Key Renter’s Brandon Scholten and Nova Home Loans’ Troy Howell. These aren’t just numbers – they’re revealing opportunities for savvy investors who know where to look.
Denver’s active inventory just hit 13,995 listings – the same level we saw in 2011 during the post-recession recovery. Transaction volumes have dropped to Great Financial Crisis levels despite massive population growth. Meanwhile, most condo complexes can’t qualify for agency financing, creating a perfect storm that’s pushing desperate sellers to list at $1 just to get attention.
Here’s what makes this episode different: We’re not just talking theory. Brandon shares real data from his property management portfolio showing which areas are struggling (hint: it’s not just condos), while Troy reveals why financing has become nearly impossible for many condo buyers – and what that means for cash investors.
In This Episode We Cover:
- Why a 2-bedroom Lakewood condo dropped from $260K to $1 and still got zero interest
- How Denver’s inventory levels mirror 2011 despite Colorado’s population boom
- The financing crisis killing condo sales (and creating opportunities for cash buyers)
- Why room-by-room rentals are delivering the highest cash flow returns right now
- $100 million in downtown development funding – and why office conversions cost $146K per door
- How the Broncos’ land acquisitions are doubling property values in target areas
- Interest rate updates and the “magic number” that could unleash buyer demand
Bottom line: While mainstream media talks about market stability, the data reveals we’re in a unique moment where informed investors can find deals that won’t exist once rates drop below 6%. Whether you’re looking at new construction discounts, distressed condos, or multi-family opportunities, this episode gives you the local intel you need to act.
Don’t miss this deep dive into Denver’s current market dynamics – subscribe now for weekly insights you won’t find anywhere else.
https://youtu.be/1R2kWR_B7rM?si=E_Pw8Aav8-hRie5iTimestamps00:00 – Welcome & Introductions
01:21 – July Market Trends Deep Dive – Active inventory flat at 13,995 listings (down just 12 from June)
03:16 – $1 Condo Listing Breakdown – Lakewood 2bed/1bath, 100 days on market, ZERO open house attendance
07:24– Condo Financing Crisis Revealed – Most complexes can’t get agency financing, FHA eligibility issues
14:23 – Inventory Levels Match 2011 Crisis – 14K active listings same as post-recession era
16:32 – Transaction Volume at Great Financial Crisis Levels – Despite population growth since 2008
25:58 – Vacancy rises to 6.4% from 5.6% last year, new apartment supply pressures market
30:15 – Construction Pipeline Update – 2,400 new units added Q2, 4,500 absorbed
32:34 – Denver Eliminates Parking Minimums – “Housing crisis, not parking crisis” policy shift
34:35– $100M Downtown Development Projects – Office conversions at $146K per door subsidy
38:37 – Broncos Land Acquisition Continue – $10M warehouse purchase doubles 5-year value
40:47 – Zeppelin Station Receivership Crisis – Former food hall hotspot now nearly empty
43:22 – Interest Rate Update – Mid-6% range, FHA at 5.5% with points
47:43– Investment Opportunities Wrap-Up – Room rentals, new builds at 20% discounts, multi-family deals
Links in Podcast10 Denver projects picked to get $100M in Downtown Development Authority dollars
Warehouse sells for $11M near possible Broncos stadium site
Denver no longer will require parking minimums for new developments
New food hall operator says he’s out as Zeppelin Station lists for sale
Connect with our Guests:Brandon Scholten: brandon@keyrenterdenver.com
- LinkedIn: Brandon Scholten
- Website: https://keyrenterdenver.com/
Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Website: https://www.novahomeloans.com/loan-officer/troy-howell/
Who is Keyrenter?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Episode OverviewDenver multifamily investing opportunities are exploding as properties just dropped 40% from their peak values. This market correction is creating the best investing opportunities 2025 has to offer for active investors willing to move now, while passive “wait and see” investors risk missing the bottom.
Chris Lopez interviews Kevin Woolsey, Senior Advisor at MMG and Denver’s premier multifamily specialist who handles everything from duplexes to 200+ unit institutional properties. Kevin has his finger on the pulse of Front Range deals and shares exclusive insights about 2025 Denver multifamily investing opportunities from recent transactions showing properties trading at $130/door that were $280/door just three years ago.
This episode reveals why the “prevent defense” strategy of waiting 6 months for better conditions is backfiring spectacularly. Kevin exposes how institutional investors with 30-40% vacancy rates are getting crushed, while smart money recognizes these investing opportunities present as the perfect time for strategic repositioning from weaker submarkets into prime Denver locations.
In This Episode We Cover:
- How 40% price drops create massive acquisition opportunities right now
- Why properties in Cheesman Park trade for same price as suburban four-plexes did in 2021
- Bank distressed properties already online (not listed on MLS)
- The difference between macro trends vs micro trends for deal identification
- Which Denver submarkets bounce back fastest as supply construction halts
- Specific due diligence steps for finding street-level opportunities
- Why active investors win while passive investors get left behind
- And So Much More!
Don’t miss this critical market update that could reshape your 2025 Denver multifamily strategy. Whether you’re building your first portfolio or managing institutional assets, Kevin provides the insider knowledge you need to take action now. Subscribe for weekly Front Range market intelligence that no other podcast delivers.
https://youtu.be/RCTadsEKYsUTimestamps00:00 – Welcome & Guest Introduction – Kevin Woolsey, MMG Senior Advisor
03:34 – Current Trends and Opportunities in Denver- Why Waiting 6 Months Won’t Work
06:19- Distressed vs Opportunistic Sellers – When to act vs when to wait
09:17 – The Importance of Active Investment – Why “Survive Till 25” Failed
13:30 – Distressed Property Opportunities – Who Should Buy vs Who Should Wait
*21:33 – 40% Price Drops Revealed – Current Case Studies
29:13– Institutional Deal Examples – $250/door properties now at $140/door
33:09- Micro Market Intelligence – Street-by-street research requirements
35:35 – Action Steps for Investors – Due Diligence Requirements
38:25- Bank Distressed Properties – Already happening, not listed on MLS*
Connect with our guestEmail: kevin.woolsey@mmgrea.com
Phone: 303-990-4361
MMG Real Estate
Episode OverviewDenver landlords are being forced to sell their buildings because they can’t afford the property tax bills, exposing the hidden risks that make triple net investment analysis more complex than most investors realize. Many investors view triple net leases as “mailbox money.” However, the reality is far more complex in today’s Denver market. Meanwhile, tax increases of 100% are forcing landlords to reassess their entire approach to triple net investment opportunities.
Kayla Mahoney runs the commercial division at Engel & Volkers Denver. Additionally, she has guided dozens of investors through triple net acquisitions. Furthermore, she’s witnessed firsthand how single-tenant properties can go from 100% occupied to completely vacant overnight. As a result, this leaves landlords scrambling to service debt while searching for replacement tenants. Moreover, her expertise in evaluating tenant creditworthiness has helped investors avoid common pitfalls. Subsequently, she structures risk-mitigated deals that protect triple net investment returns.
This episode reveals why multi-tenant strip centers are outperforming single-tenant properties. Plus, you’ll learn how to evaluate corporate tenant stability beyond surface-level brand recognition. Next, Kayla covers the specific Denver submarkets delivering 5-7% cap rates for savvy investors. Then, she breaks down the value-add strategies working for triple net investment. Finally, this includes below-market rent repositioning and maintaining substantial capital reserves for vacancy periods.
In This Episode We Cover:
- Why property taxes doubling on Santa Fe corridor properties caught landlords off guard
- How to evaluate tenant creditworthiness using Moody’s ratings and financial analysis
- Multi-tenant diversification strategies that reduce single-tenant vacancy risk
- Denver submarkets delivering compressed 5-7% cap rates vs 7-9% in emerging areas
- Why industrial triple net properties offer superior stability compared to retail
- Environmental liability concerns and who pays for ground contamination issues
- Restaurant property advantages including second-gen buildouts and drive-thru premiums
- And So Much More!
Whether you’re a multifamily investor considering a 1031 exchange or exploring your first commercial acquisition, this episode provides the Denver-specific insights needed to evaluate triple net opportunities with confidence. Kayla’s practical approach to risk mitigation and tenant evaluation could save you from costly mistakes while identifying the deals that actually deliver passive income.
https://youtu.be/b1m4lywk5W0Timestamps00:00 – Introduction
00:55 – Triple Net Basics – What Tenants Pay vs What Landlords Think
03:12 – Evaluating Tenant Creditworthiness – Moody’s Ratings & Business Performance
07:26 – Multi-Tenant Strategy – Diversification Through Strip Centers
08:28 – Denver Hotspots and Trends – 9th & Colorado + RiNo Success Stories
10:20 Value-Add Opportunities – Below Market Rent Strategies
11:42 – Property Tax Shock – 2x Increases Crushing Denver Landlords
13:23 – Risks + Risk Mitigation with High Property Taxes
14:45 – O’Reilly Auto Parts Analysis – Amazon Threat to Retail Tenants
16:45 – Environmental Liability – Who Pays for Ground Contamination
18:04 – Restaurant Properties – Second Gen Advantages & Drive-Thru Value
20:43 – Lease Structure Strategy – 5-Year Options vs 20-Year Commitments
23:30 – How to Calculate a Triple Net Lease
24:23 – Industrial vs Retail – Which Offers Better Stability
26:50 – Value-Add Opportunities – Below Market Rent Strategies
Connect with our guest:Email: kayla.mahoney@engelvoelkers.com
LinkedIn: https://www.linkedin.com/in/kaylamahoneycre
Episode OverviewThis episode breaks down three real Colorado house hacking deals that prove it’s possible even in today’s higher interest rate environment. From a $520K Wheat Ridge ADU to a $910K Denver fourplex generating $8,655 monthly, these aren’t theoretical examples.
This is part of our 11 Strategies That Make Sense in Today’s Market series, following our recent episode on co-living strategies. Chris Lopez teams up with house hacking expert Jeff White (closing on his 9th property) and lending specialist Troy Howell to analyze actual deals that closed in recent months. Jeff reveals how his clients are cutting living costs by 50% while building equity and generating passive income in Colorado’s competitive market.
The numbers don’t lie: A first-time buyer went from $2,000 monthly rent to living for $1,255 in a Wheat Ridge property that appraised $45K above purchase price. A young family is paying just $1,000 monthly in their Colorado Springs fourplex while cash flowing from the other three units. Jeff’s personal deal shows how experienced investors can still find $900+ monthly cash flow even at 6% interest rates.
In This Episode We Cover: How to find ADU properties under $525K in desirable Denver neighborhoods * Why 3% down first-time buyer programs beat FHA loans for house hackers * Section 8 strategy that generates $1,650 for one-bedroom units * Colorado Springs unincorporated areas with no STR restrictions * 15% down payment strategy that eliminates PMI permanently * Off-market deal techniques that saved $30K+ in purchase price * Why relationship building leads to first-look opportunities * And So Much More!*
Whether you’re a first-time buyer looking to cut housing costs or an experienced investor seeking your next house hack, this episode provides actionable strategies for Colorado’s current market. These deals prove house hacking remains one of the 11 strategies that still work when you know where to look and how to structure financing properly.
Don’t miss our Ultimate House Hacking Guide for Denver – available on Amazon or at our monthly meetups. Subscribe for weekly episodes featuring real deals, market updates, and proven wealth-building strategies for Colorado real estate investors.
Timestamps00:00 – Introduction
01:25 – Deal #1: Wheat Ridge ADU – First-Time Buyer Profile
08:49 – First-Time Buyer 3% Loan Program
10:18 – Rental Numbers: $2,500 Midterm vs $4,500 Long-Term
14:52 – Deal #2: Colorado Springs Fourplex – Family House Hack
18:20 – 10% Down Strategy to Increase Cash Flow
19:13 – Why Colorado Springs is Great for House Hackers
22:28 – Deal #3: Jeff’s 9th House Hack – $910K Denver Fourplex
24:03 – Off-Market Deal Strategy – Relationship Building
27:09 -Troy Breaks Down Advanced Financing – $3,700 PMI Buyout on $910K Property
32:58 – Market Opportunities in Second Half 2025
Links from PodcastStrategy Episode #1-Co-Living
The Ultimate House Hacking Guide for Denver
Lumberjack Landlord
Connect with our Guests:Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Website: https://www.novahomeloans.com/loan-officer/troy-howell/
Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Episode OverviewColorado’s real estate market just hit a shocking reality check that most investors are completely missing. While median prices in Colorado Springs jump 2% to $500,000 in a single month, Denver inventory surges 37% year-over-year, and builders are selling only 6 homes when they forecasted 50. This dramatic market shift is creating opportunities that haven’t existed in years.
Chris’s Portfolio Move Chris Lopez, Co-Founder of Property Llama, joins the full crew – Troy Howell (Nova Home Loans), Jeff White (Envision Advisors), Brandon Scholten (Keyrenter Property Management Denver), and Jenny Bayless (Colorado Springs expert) – to break down the most comprehensive market data they’ve ever shared. Chris just withdrew his fourplex from the market despite zero offers, while Troy has two 4-plexes closing next week that actually pencil and Jenny achieved 100% tenant retention in one of the toughest rental markets in recent memory.
The hidden opportunity most investors are ignoring: distressed sellers are everywhere, but nobody’s making offers. While hard money funds hit 19% delinquency rates and commercial real estate faces foreclosure waves, smart investors are securing new builds at 20% discounts and negotiating deals that seemed impossible just months ago. Cap rates in the high 5s to low 6s are the new reality, but creative strategies are still generating positive cash flow.
Shocking market revelations that will change how you invest:
- Why builders with 100+ homes got only 26 showings in an entire month
- How investors now represent 27% of all home sales (highest in 5 years)
- Why mom-and-pop investors control 85% of rental properties while institutions own just 2.2%
- The syndication bloodbath wiping out investors who thought they were diversified
- Why commercial banks are finally starting foreclosure processes after years of extensions
- How to spot motivated sellers in death, divorce, and job relocation scenarios
- Room-by-room rental strategies delivering the best cash flow in today’s market
- And So Much More!
This market correction is creating the best buying opportunities in years, but only for investors bold enough to make aggressive moves. Whether you’re a first-time house hacker or scaling your portfolio, the strategies revealed in this episode could save you thousands while others wait on the sidelines.
https://youtu.be/Q48sp6Ptl0ITimestamps00:00 – Introduction
01:17 – Colorado Springs Market Trends – Median Price Hits $500K (2% Monthly Jump)
04:12– Lowball Offer Strategy Discussion – 85% Offers Getting Rejected
10:32 – Denver Market Data Deep Dive – Active Listings Up 37% Year Over Year
17:43– Apartment Rent Growth Collapse Hits Colorado Month-Over-Month Declines
22:10 – Rental Market Softness – Year-Over-Year Rent Declines Emerging
27:39 – Investor Activity Surge – 27% of All Home Sales (Highest in 5 Years)
31:18- New Build Disaster – Builder Sells Only 6 Homes (Forecasted 40-50)
36:51 – Commercial Real Estate Distress – Banks Starting Foreclosure Process
40:28 – Syndication Bloodbath – Hard Money Fund Hits 19% Delinquency
48:15 – Buying Opportunities Discussion – New Build Discounts at 20% Off
55:58 – Market Predictions & Positive Outlook – Best Opportunities Coming
Links from PodcastDenver apartment rents fall to close out first half of 2025
Real estate investors are purchasing more U.S. homes as high prices lock out would-be buyers
Online betting giant buys downtown Denver HQ for $135M
The National Observer: Real Estate: Lenders, borrowers face tough decisions on CRE debt
Connect with our Guests:Brandon Scholten: brandon@keyrenterdenver.com
- LinkedIn: Brandon Scholten
- Website: https://keyrenterdenver.com/
Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Website: https://www.novahomeloans.com/loan-officer/troy-howell/
Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
Jenny Bayless: jenny@envisionrea.com
Who is Keyrenter?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Episode OverviewColorado landlords are discovering a rental strategy that’s tripling their cash flow while solving the state’s affordability crisis. With traditional rentals struggling to keep pace with rising expenses and property values, smart investors are converting single-family homes to room-by-room rentals and seeing returns jump from 6.6% to 15% on their equity.
Chris Lopez, Denver real estate investor and host of the Denver Real Estate Investing Podcast, breaks down why this strategy is working now more than ever. With House Bill 24-1007 lifting occupancy limits statewide and tenants unable to afford $1,500-$2,000 apartments, the $700-$1,000 per room model is creating unprecedented opportunities for both landlords and renters.
A Westminster property owner recently saw his annual cash flow increase from $16,500 to $57,000 by converting his 4-bedroom, 2-bathroom home into an 8-bedroom, 3-bathroom co-living space. This isn’t theoretical – it’s happening right now in Denver and Colorado Springs markets. PadSplit, a national co-living company, entered the Denver market in Q4 2024 specifically because the numbers work so well here.
But there’s more to this strategy than just adding bedrooms. Chris reveals the surprising #1 reason most room-by-room deals fall through (hint: it’s not what you think), why parking constraints can make or break your success, and how one Colorado Springs investor only buys corner lots to avoid neighbor conflicts.
In This Episode We Cover:
- How to triple your cash flow using room-by-room conversions
- Why House Bill 24-1007 created massive opportunity for Colorado investors
- Real numbers breakdown from a $480K Westminster property conversion
- PadSplit’s 15-20% management fees vs self-management pros and cons
- The parking constraint problem that kills most deals
- Corner lot strategy to avoid neighbor conflicts and maximize parking
- Where to find Colorado-specific leases and resources for room-by-room rentals
- And So Much More!
This strategy isn’t just about higher returns – it’s about solving real problems. Young professionals and essential workers can finally afford quality housing while landlords achieve the cash flow needed for their retirement goals. Whether you’re looking to convert an existing property or acquire your first room-by-room rental, this episode provides the Colorado-specific insights you need to succeed.
https://youtu.be/xMLbL3QoSBcTimestamps00:00 -Introduction- Colorado’s #1 Cash Flow Rental Strategy Revealed
00:41– Property Llama Marketplace Launch
01:28 – Room-by-Room Strategy Explained
02:14 – Colorado’s Affordability Crisis
03:52 – Westminster $480K Property Case Study
6:00 – Padsplit-Solution to Room-by-Room Property Management
8:00 -Self-Managed vs Professional Property Management
10:58 – Next Episode Preview
Links from PodcastPadsplit Website- https://www.padsplit.com/
Property Llama Marketplace – Sign up for your free account here
Room-By-Room Course– How to Self-Manage Your Rental on Autopilot
Email Chris Lopez- chris@propertyllama.com
Episode OverviewWhile most landlords collect $1,800 monthly from single-family rentals, Miller McSwain generates $6,000+ from the same property type using co-living strategies. His room-by-room approach consistently produces 2-4x traditional rental income while maintaining 95% occupancy rates across his Colorado portfolio. This conversation reveals Miller’s complete playbook for transforming ordinary houses into high-income co-living properties that any investor can implement.
Host Chris Lopez interviews Miller McSwain, the BiggerPockets author who just published “Co-Living Cash Flow” and developed the industry’s first co-living management software. Miller has systematically built his income from zero to $15,000 monthly across 7 Colorado properties in just four years. His methodical approach to property selection, strategic renovations, and community management has created a replicable system that generates consistent results for investors at any experience level.
This episode breaks down Miller’s proven framework for identifying co-living opportunities, executing profitable renovations, and managing multiple tenants through community building rather than traditional landlording. You’ll discover his specific property criteria that ensure success, the renovation approach that adds bedrooms while preserving income-generating common spaces, and the tenant management techniques that achieve 10-month average stays without the headaches most landlords fear.
In This Episode We Cover:
- Miller’s property selection system that identifies 2-4x income potential before you buy
- The renovation formula that turns 3-bedroom houses into 8-room income generators for $20K
- Community management strategies that fill rooms faster and keep tenants longer
- Room pricing optimization – how to command $700-$1000 per room vs $1800 total rent
- Equity partner structures that fund property acquisitions without personal capital
- Legal advantages in Colorado following recent occupancy law changes
- Operational systems that maintain high occupancy with minimal management time
- And Complete Step-by-Step Implementation Guide!
Whether you’re house hacking your first property or looking to scale beyond traditional rentals, this episode provides proven strategies for maximizing cash flow through co-living. Miller’s systematic approach to tenant screening, community building, and operations management offers a blueprint for sustainable room-by-room rental success.
https://youtu.be/LFDDljbJusETimestamps00:00 – Welcome & Miller McSwain Introduction
01:56– Miller’s Background Journey
04:04 – Why Colorado Springs Over Denver
06:06 – Co-Living vs Short-Term Rentals
07:42 – 3-Bedroom to 5-Room Conversion Strategy
09:47 – Scaling with Equity Partners – OPM Strategy
11:21 – $500K Cimarron Hills Property Generating $2K Monthly
15:08 – Biggest Co-Living Mistakes
18:39 – Colorado Occupancy Law Changes
22:16 – Community Building vs Boarding House Models
27:27 – Property Management Challenges
30:19 – Co-Living Pro Software Launch
35:36– Problem Tenant Removal Process
39:40 – Book Details & Conference Recap
Links from PodcastBook: “Co-Living Cash Flow” by Miller McSwain (BiggerPockets Publishing)
- Discount Link: colivingbook.com (25% off code available)
- Available: BiggerPockets store and Amazon
Software Launch: Co-Living Pro
- Website: ColivingPro.io
- Features: Dynamic pricing, rent collection, tenant management
- Pricing: Free features with 1% fee on rent collection
Conference: US Co-Living Conference
- Website: co-living-conference.com
- Next Event: Annual Denver conference
Website: millermcswain.com
Connect with MillerInstagram: https://www.instagram.com/millermcswain/
Facebook: https://www.facebook.com/miller.mcswain/
LinkedIn: https://www.linkedin.com/in/c-m-mcswain/
YouTube: https://www.youtube.com/@millermcswain
Tik Tok: https://www.tiktok.com/@millermcswain
Episode OverviewHouse hackers are making a critical mistake that’s costing them thousands in taxes AND preventing them from qualifying for their next property. The solution? A strategic approach that maximizes write-offs while keeping lenders happy.
Chris Lopez hosts this essential episode with two Colorado house hacking experts who’ve cracked the code on tax optimization. Jeff White, top-producing broker and active house hacker, recently saved $12,000 in taxes while still qualifying for his next investment property. Troy Howell from Nova Home Loans breaks down exactly how lenders evaluate house hacker tax returns and why most investors get it wrong.
The game-changing insight: Jeff almost went too conservative on his tax write-offs, leaving money on the table unnecessarily. By sending his draft tax return to Troy before filing, he discovered he could take full deductions and still qualify easily for his next purchase. This strategy is now saving him thousands annually while building his portfolio faster.
Plus, they reveal the Matt case study – a W2 employee who house hacked an $810,000 fourplex with only $36,000 down using proper tax positioning and lending strategy.
In This Episode We Cover:
- Why self-employed house hackers struggle with loan qualification (and the draft tax return solution)
- How to write off 75% of your expenses legally when living in a fourplex
- Schedule E breakdown – what lenders actually look for in your tax returns
- Repairs vs capital improvements – the $5,000 furnace decision that could save you thousands
- Record keeping systems that make tax time effortless (apps vs spreadsheets)
- Why 90% of CPAs don’t understand real estate investors (and how to find the 10% who do)
- Depreciation strategies that create phantom losses while lenders add them back
- And So Much More!
Whether you’re planning your first house hack or scaling to property number five, this episode provides the tax foundation you need to build wealth faster while keeping the IRS and your lender happy. The strategies discussed could save you thousands in taxes while accelerating your ability to acquire more properties.
Don’t let poor tax planning kill your next deal – these insights from two Colorado house hacking experts could be the difference between building wealth and staying stuck.
https://youtu.be/giP6-peGHIETimestamps00:00 – Introduction
02:37 – W2 vs Self-Employed Income – Critical Lending Differences
04:20 – Jeff’s $12K Tax Savings Strategy – Balancing Write-Offs with Loan Qualification
06:13 – Matt’s W2 House Hack – $810K Fourplex with Only $36K Down
19:12 – Live-In Flip Strategy – Renovating While House Hacking
10:50– Essential Tax Deductions Every House Hacker Must Know
15:58– What Every House Hacker Needs to Know
17:20 – Record Keeping Systems – Apps vs Spreadsheets That Actually Work
20:14 – Schedule E Breakdown – What Lenders Really Look At
22:57 – Allocation Methods – Unit vs Square Footage for House Hackers
24:42- Write-offs Repairs vs Capital Improvements – The $5K Furnace Dilemma
29:20– Finding a Real Estate CPA – Why 90% Don’t Understand Investors
Links from PodcastNova Home Loans
Join our next House Hack Meetup
Download our Free Toolkit
Connect with our Guests:Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Episode OverviewColorado’s housing inventory just exploded 50% year-over-year while prices stayed completely flat. This combination hasn’t happened since 2011, creating the most compelling buying opportunity for real estate investors in over a decade. Whether you’re looking to house hack your first property or scale your existing portfolio, this market shift is serving up deals that disappeared years ago.
Chris Lopez hosts the Denver Real Estate Investing Podcast alongside his expert panel who live and breathe the Colorado market daily. Jenny Bayless shares her proven tenant retention strategies and Colorado Springs market insights from years of successful investing. Troy from Nova Home Loans breaks down current lending conditions and reveals which financing strategies work best in today’s environment. Jeff from Envision Advisors provides acquisition expertise and negotiation tactics that uncover hidden opportunities, while Brandon from Keyrenter delivers rental market intelligence and property management insights that maximize investor returns.
The numbers tell an incredible story: Denver inventory sits at 13,600 homes – the highest level since 2011. Colorado Springs inventory is up 40% year-over-year. Meanwhile, condos are getting hammered with 60% more inventory and prices down 4.3%. But here’s the kicker – motivated sellers are finally emerging, and low ball offers are actually working for the first time in years.
If you’ve been waiting for the “right time” to invest in Colorado real estate, this episode proves that time is now. The panel breaks down exactly how to capitalize on this historic market shift, from house hacking strategies to portfolio optimization tactics that work in today’s environment.
https://youtu.be/1JeWQqBzuu8Timestamps(00:00) Introduction
(01:08) Colorado Springs Market Update – Inventory Crisis Hits
(04:48) Multifamily Prices Softer than SingleFamily Homes
(07:59) Denver Metro Inventory Explosion – 50% Year-Over-Year Jump
(12:06) Historical Market Data Analysis – Back to 2011 Levels
(25:54) Downtown Denver Office Crisis – 42% Below Pre-COVID
(32:35) Broncos Stadium Land Grab – $146M Secret Purchase
(34:40) Investor Sales Hit Highest Levels Since 2001
(39:04) Rental Market Reality Check – Competing Data Sources
(45:22) Interest Rate Outlook & Market Predictions
(51:24) Real Estate License Reactivation Surge
Links from PodcastKeyrenter Property Management Denver: https://keyrenterdenver.com/
Nova Home Loans: https://troyhowell.novahomeloans.com
Broncos buying around possible Denver stadium site
Investor-Owned Home Sales Reach Highest Levels in Decades
Property management CEO sees something missing in apartment survey
Denver Rents are Dropping for First Time in 15 Years. What Does that Actually Mean for Renters?
Connect with our Guests:Brandon Scholten: brandon@keyrenterdenver.com
Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
Jenny Bayless: jenny@envisionrea.com
Who is Keyrenter?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
The Denver commercial real estate market is experiencing significant shifts as infrastructure challenges collide with development opportunities, creating both obstacles and potential windfalls for savvy investors. From data center developments facing power grid limitations to the emerging trend of motel-to-multifamily conversions, understanding these market dynamics is crucial for making informed investment decisions in today’s complex environment.
Episode OverviewIn this episode, I sit down with Kayla Mahoney, a commercial real estate broker with Engel & Völkers and president of the Mile High Exchangers, to explore the current state of Denver’s commercial market. Kayla brings a unique perspective, having transitioned from the music and art industry to become a successful commercial broker with 11 transactions in her first year. We dive deep into the challenges facing data center development in East Denver, the impact of new taxation policies on development projects, and emerging opportunities in smaller suburban office spaces and alternative asset conversions. Her insights reveal a market in transition, where traditional approaches are being challenged by new regulations and infrastructure limitations.
https://youtu.be/8YLlemi89uoTimestamps(00:00) Introduction
(03:45) Career Transition from Music Industry to Commercial
(06:12) Data Center Development Challenges in East Denver
(13:07) Current Client Strategies and Market Positioning
(18:30) Motel to Multifamily Conversion Opportunities
(21:15) Cap Rate Compression and Buyer Migration
(24:48) Investment Opportunities in Colorado Springs Market
(27:25) Long Term Investment Strategies One Subway Stop
Data Center Development: Promise Meets RealityThe data center boom in East Denver represents both massive opportunity and significant challenges, with infrastructure proving to be the primary bottleneck for these high-value developments.
“Right now in East Denver, there’s a huge influx of investors wanting to park capital into data center developments. The reason why they pick East Denver is because there’s ample amount of land out there… But we’ve been seeing a lot of deals fall out of contract for these larger land acquisitions and the cost of utilities going to those in order for the developments to happen has just been through the roof,” Kayla explained.
- Power grid limitations are forcing developers to abandon projects, with some utility connections costing up to $26 million for single sites.
- The Energize Denver initiative compounds the problem by potentially reducing available power to just 40% of current capacity if steam power is eliminated.
This situation creates opportunities for patient investors who can navigate the infrastructure challenges while potentially benefiting from future grid improvements and tax forgiveness programs currently under government consideration.
Taxation and Regulatory HeadwindsNew development taxes and regulatory requirements are significantly impacting project feasibility across all commercial asset classes in Denver.
“Recently the city of Denver has passed a lot of bills to increase development taxes… when margins to develop are really only 3 to 5%, it makes it near to impossible to pencil when you’re getting a $7 per square foot tax increase,” Kayla noted about the affordable housing development fees now affecting all new construction.
- Development margins of 3-5% are being compressed by new tax structures that will increase annually, creating a challenging environment for traditional development models.
- The 180-day development approval guarantee reflects systemic delays, but the uncertainty around permitting timelines adds significant risk to large-scale investments.
These regulatory changes are pushing some developers to reconsider Colorado as an investment destination, while creating opportunities for those who can adapt their strategies to the new environment.
Alternative Asset Opportunities and Market AdaptationCreative investors are finding opportunities in asset conversions and smaller-scale projects that avoid some of the regulatory hurdles facing larger developments.
“I’ve been seeing a lot of multifamily conversion too to try to deal with the housing shortage that we have. I have a handful of like office to multifamily motels to multifamily… The issues that I’ve been seeing though, in why my listings cannot be converted into multifamily is just because of the water rights,” Kayla shared about emerging conversion trends.
- Motel-to-multifamily conversions offer existing infrastructure advantages but face water rights limitations in rural areas.
- Smaller office spaces under 25,000 square feet in suburban markets like Lakewood are seeing strong demand as they avoid Energize Denver requirements while offering easier parking and lower rents.
The key insight here is that successful investors are focusing on assets that require minimal infrastructure upgrades while serving underserved market segments.
Geographic Opportunities and the “Next Subway Stop” StrategyKayla shared invaluable wisdom about timing market cycles and positioning investments ahead of development trends.
“The best advice I ever got in real estate investing actually came from an art teacher, not a real estate investor… He’s like, I would see what was happening and what subway stop people wanted to live by, and I would invest in the next subway stop down. And that’s why I was always successful,” she recounted from her mentor’s guidance.
- Colorado Springs presents compelling opportunities due to military population influx and lack of Class A multifamily inventory, despite having income levels that support higher rents.
- Northern Colorado markets like Frederick and Mead offer land banking opportunities between established markets, positioned to benefit from future development spillover.
This strategy emphasizes the importance of understanding development patterns and positioning investments in areas that will benefit from future growth rather than chasing current hot markets.
Market Conditions and Buyer-Seller DynamicsThe current commercial market reflects a significant disconnect between buyer expectations and seller pricing, with different asset classes experiencing varying levels of stress.
“I tell clients that sellers are on Mars, buyers are on the moon, and I’m an astronaut just trying to get everybody back on one rocket ship to come back to Earth,” Kayla described the current pricing gap between market participants.
- Out-of-state buyers seeking 8-10% cap rates are finding limited inventory in Denver’s compressed cap rate environment of 4-7%.
- Banks are beginning to move away from loan extensions, particularly in hospitality, with foreclosure processes typically taking 6-12 months for larger assets.
The market appears to be in a transition phase where asset classes like industrial and retail maintain seller advantages, while office and some multifamily segments are shifting toward buyer markets.
ConclusionDenver’s commercial real estate market is navigating a complex landscape of infrastructure limitations, regulatory changes, and shifting investor expectations. Success in this environment requires understanding the interplay between development constraints and emerging opportunities, particularly in alternative asset classes and suburban markets that avoid some of the headwinds facing larger urban projects.
The key takeaway from Kayla’s insights is the importance of adaptability and forward-thinking positioning. Whether it’s investing in the “next subway stop,” finding creative conversion opportunities, or targeting assets that sidestep regulatory hurdles, successful commercial investors are those who can identify and capitalize on market inefficiencies created by current challenges.
For investors looking to navigate this evolving market, focus on understanding local regulatory impacts, infrastructure limitations, and demographic trends that will drive future demand. The opportunities exist, but they require a more nuanced approach than traditional commercial real estate investing has historically demanded.
Links from PodcastConnect with Kayla Mahoney:
Email: kayla.mahoney@engelvoelkers.com
LinkedIn: https://www.linkedin.com/in/kaylamahoneycre
Making a successful career transition from a high-stress profession into real estate investing while balancing family life seems like an impossible dream for many professionals. Today’s guest, Christy Burakovsky, proves it’s not only possible but can lead to a more fulfilling career that aligns your professional goals with your investment objectives. Her journey from burned-out healthcare director to successful real estate professional offers a roadmap for others considering similar transitions.
Episode OverviewIn this inspiring conversation, I sit down with Christy Burakovsky, who successfully transitioned from a demanding career as a healthcare director and pharmacist to becoming a key team member at Property Llama. Christy shares her evolution from being a stressed-out working mom to discovering her passion for real estate underwriting and passive investing. We explore how she leveraged self-directed retirement accounts, built a diversified real estate portfolio, and found a career path that allows her to balance professional fulfillment with family priorities. Her story provides practical insights for anyone considering a career change or looking to optimize their real estate investment strategy.
https://youtu.be/iOxB4MndkAoTimestamps(00:00) Introduction
(02:55) Burnout Recovery and Real Estate Investment Vision
(06:14) Discovering Passion for Real Estate Deal Analysis
(11:58) Denver Market Challenges and Capital Requirements
(17:47) Solo 401k Strategy and Portfolio Diversification
(21:04) Leveraging Professional Skills in Real Estate
(31:07) Building Teams and Standard Operating Procedures
(35:49) Empowering Women Investors and Entrepreneurship Advice
The Catalyst for Change: Recognizing Burnout and Prioritizing FamilyChristy’s transition began during a particularly challenging period when she was pregnant with her third child while working as a healthcare director through the pandemic.
“I was not really enjoying my work anymore. I was maxed out on stress having come out of healthcare through the pandemic. That was an incredibly new high level of stress that I worked through and getting ready to welcome my third. I really just wanted to transition for myself. I was burnt out of healthcare.”
- Healthcare professionals, especially those in leadership roles, experienced unprecedented stress levels during the pandemic, making career transitions more appealing for work-life balance.
- The desire to be more present for children’s milestones often serves as a powerful motivator for career changes, even when leaving successful positions.
Christy’s recognition that she wanted to spend more time with her children while still maintaining professional fulfillment demonstrates the importance of aligning career choices with personal values and family priorities.
Discovering Self-Directed Retirement InvestingOne of the most valuable aspects of Christy’s journey was her discovery and implementation of self-directed retirement accounts, particularly the Solo 401k, which opened up new investment opportunities.
“I wound up opening a Solo 401k. I wound up funding that partially with some existing retirement accounts and then actually setting that up to function alongside my business. So with that in tow, one of the things that was really intriguing with that was now the opportunity and ability to invest in real estate at my discretion and under my control.”
- Self-directed retirement accounts like Solo 401ks allow high earners to maintain control over their retirement investments while accessing alternative investments like real estate.
- These accounts can be particularly powerful for business owners and high-income professionals who want to diversify beyond traditional stock and bond portfolios.
The Solo 401k strategy became a cornerstone of Christy’s investment approach, allowing her to invest retirement funds directly into real estate deals while maintaining the tax advantages of qualified retirement plans.
From Direct Ownership to Passive Real Estate InvestingInitially focused on acquiring rental properties in the Denver market, Christy discovered that market conditions and entry points had shifted, leading her toward passive real estate investing strategies.
“It became very clear to me, one, that the window had closed in the Denver market. It was no longer open… I could not make the numbers work. And I did a lot of math and I reviewed a lot of properties… But if I could invest alongside someone or if I could get into a deal that made sense and I could get a part of it.”
- Market conditions can shift the optimal investment strategy from direct property ownership to passive investing, requiring flexibility in approach.
- Passive real estate investing allows investors to participate in larger, potentially more profitable deals without the capital requirements of direct ownership.
This pivot demonstrates the importance of adapting investment strategies based on current market conditions rather than forcing a predetermined approach that no longer makes financial sense.
Leveraging Skills and Finding Professional FulfillmentChristy’s success in her new career came from identifying and leveraging her existing skills rather than trying to develop entirely new competencies.
“Nobody was going to be more anal about it than me. Nobody was going to be more meticulous about it than me. Nobody was going to care about it more than me. No one was going to research it more. And so that was what was really attractive to me.”
- Successful career transitions often involve applying existing skills to new industries rather than starting from scratch.
- Detail-oriented professionals can find natural fits in real estate underwriting, fund administration, and investment analysis roles.
Her evolution from investor to team member at Property Llama illustrates how passion for a subject, combined with relevant skills, can create unexpected career opportunities in the real estate industry.
Advice for Women Making Career TransitionsAs one of the first female guests on our podcast, Christy offered specific insights for women, particularly mothers, considering career transitions in real estate investing.
“What you do in a day is incredible. It’s absolutely insane how much you’re able to get done in a day… Whatever makes us do all that, that drive, that energy, that power, you transition that into believing that if you’d make the transition into a career… you are going to be able to do all of that and more for your family.”
- Women often underestimate their capabilities and work ethic, particularly mothers who manage complex daily schedules while maintaining professional responsibilities.
- The organizational skills and multitasking abilities developed through parenting directly translate to success in real estate investing and related careers.
Christy’s emphasis on overcoming the tendency to wait until feeling “100% ready” resonates with many professionals who delay making beneficial career moves due to perfectionism or self-doubt.
ConclusionChristy’s journey from healthcare director to real estate professional demonstrates that strategic career transitions are possible even in challenging market conditions. Her success came from recognizing her strengths, adapting to market realities, and finding ways to align professional goals with personal values. Most importantly, she discovered that working hard for herself rather than others brought both financial rewards and personal fulfillment.
For professionals considering similar transitions, Christy’s story emphasizes the importance of education, taking action on learning, and being open to unexpected opportunities. Her path from passive investor to active team member shows how genuine interest and applied expertise can create new career possibilities in the real estate industry.
Links from Podcast* Property Llama: https://propertyllama.com/ * Email Christy Burakovsky: christy@propertyllama.com
Traditional value-add strategies like the BRRRR method don’t work in today’s high-interest rate environment, but smart house hackers are finding new ways to add value that focus on cash flow rather than property appreciation. In this episode, I break down a real client success story where a simple $17,000 improvement turned a modest house hack into a cash-flowing powerhouse generating nearly $4,000 per month when the owner moves out.
Episode OverviewIn this detailed case study, I’m joined by Jeff White from Envision Advisors and Troy Howell from Nova Home Loans to analyze a recent fourplex purchase in North Aurora that demonstrates the power of strategic bedroom additions in house hacking. We explore how a 27-year-old consultant transformed a standard two-bedroom per unit property into a 12-bedroom rental machine by converting dining rooms into compliant bedrooms. This episode reveals practical strategies for maximizing cash flow through bedroom count optimization, Section 8 rental strategies, and the importance of finding the right property with flexible space to convert.
https://youtu.be/w5U06bR78NsTimestamps(00:17) Introduction
(03:03) Transitioning From Denver to Colorado Springs
(07:09) House Hacking Evolution With Growing Family
(11:40) Exploring Tenant Strategies in Colorado Springs
(15:35) Turnkey Property Features and American Appliances
(21:03) Financing Structure and Seller Credit Negotiation
(25:49) Cash Flow Analysis Before and After
(34:28) Adapting Investment Strategy to Market Changes
Redefining Value-Add for Today’s MarketThe traditional BRRRR strategy that worked so well in previous market cycles has become nearly impossible to execute profitably in today’s environment of high prices and elevated interest rates.
“Adding value this way is not about increasing the value of the home to do a cash out refi, it’s to increase the cash flow of the property,” I explained during our discussion. “When you pair this with a house hacker who’s going to put down 0 to 5% down, they already are so highly leveraged with very little money in there.”
- Focus on cash flow enhancement rather than property value appreciation through renovations that increase rental income potential.
- Target improvements that maximize bedroom count since rental income typically correlates directly with the number of bedrooms available to rent.
This shift in strategy is essential for investors operating in today’s market conditions, where the margins for traditional value-add plays have been compressed by higher borrowing costs and elevated property prices.
The Bedroom Conversion StrategyThe most effective value-add approach for house hackers involves converting underutilized spaces into compliant bedrooms, with dining rooms being the prime target for conversion.
Jeff outlined the requirements: “The definition of a bedroom is two forms of egress. So one door, one window, a source of heat, one light switch, one electrical outlet, a closet and four walls…usually 80 square feet or more or 8 by 10.”
- Dining rooms are typically “dead spaces” that most renters don’t use regularly, making them ideal candidates for bedroom conversions without significantly impacting livability.
- Each additional bedroom can increase rental income substantially, especially when utilizing Section 8 housing vouchers which pay based on bedroom count.
This strategy works particularly well because it addresses the fundamental economics of rental properties: more bedrooms equal more rental income, and the conversion costs are relatively modest compared to the income potential.
Real-World Case Study: From 8 to 12 BedroomsOur featured client exemplifies the ideal house hacking candidate: a 27-year-old consultant who travels frequently and prioritized cash flow maximization over personal space requirements.
“He converted all four of those dining rooms into bedrooms and turned two bedroom units to three bed, one bath units,” Jeff detailed. “By doing so, utilizing the Section 8 strategy and rent by room, he made an 8 bed, 4 bath fourplex to a 12 bed, 4 bath fourplex.”
- Total conversion cost was just $17,000 for all four units, including adding windows where needed, closets, and meeting all code requirements.
- The property was purchased for $899,000 with a $9,000 appraisal shortfall, but robust seller credits of $40,000+ helped offset closing costs and improvements.
This transformation demonstrates how relatively small investments in the right improvements can dramatically alter a property’s income potential, turning a marginal deal into an exceptional one.
Section 8 and Rent-by-Room Income OptimizationThe financial impact of this conversion strategy becomes clear when examining the rental income projections, particularly when combined with Section 8 housing vouchers.
As Jeff explained the numbers: “Renting three out of the three bedroom units, he gets $2,874 for the three units he’s not living in. And then on his unit now it’s a three bedroom, he rents out the two other rooms at $800 each. So he’s getting $1,600 plus three times $2,874, over $10,000 a month.”
- While house hacking (living in one unit), the property generates approximately $2,500 in positive monthly cash flow after covering all expenses.
- When the owner eventually moves out and converts his unit to a rental, total monthly cash flow jumps to nearly $4,000 per month or almost $50,000 annually.
The Aurora and Denver housing authorities are currently paying premium rents, making Section 8 tenants particularly attractive for investors who can provide quality housing that meets program requirements.
Market Timing and Deal StructureThis success story also highlights the importance of market timing and proper deal structure in today’s challenging environment for real estate investors.
“These deals do exist every single month, but they do exist. And people need patience and persistence,” Jeff noted about finding similar opportunities.
- The fourplex was on the market for approximately two months, originally listed at $950,000 before dropping to the eventual $899,000 purchase price.
- Using a 5% down conventional loan product specifically designed for small multifamily properties (2-4 units) maximized leverage while keeping initial investment low.
The motivated seller situation (a flipper carrying expensive hard money debt on a vacant property) created the negotiating leverage needed to secure substantial seller credits and favorable terms.
ConclusionThis case study demonstrates that successful real estate investing in today’s market requires adapting strategies to current conditions rather than trying to force outdated approaches. By focusing on cash flow enhancement through strategic bedroom additions and maximizing rental income potential, house hackers can still achieve exceptional returns even with higher interest rates and elevated property prices.
The key factors for replicating this success include finding properties with convertible space, understanding local rental market dynamics (especially Section 8 rates), and working with experienced professionals who understand both financing options and renovation requirements.
For investors ready to explore house hacking opportunities with value-add potential, I encourage you to attend our monthly meetups or reach out directly to discuss your specific situation. The right combination of property, strategy, and execution can still produce remarkable results in today’s market.
Connect with our GuestsTroy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
The Denver real estate market is experiencing its most significant inventory surge in over a decade, with active listings nearly doubling year-over-year while revealing stark differences between single-family homes and attached properties. April 2025 data shows we’ve reached inventory levels not seen since 2011-2012, creating a complex market environment that technically remains a seller’s market by traditional metrics but feels increasingly balanced on the ground.
Episode OverviewIn our monthly market update podcast, I sat down with Brandon from Keyrenter Denver, Troy from Nova Home Loans, and Jeff from Envision Advisors to analyze the April 2025 Denver Metro Association of Realtors data. Our discussion revealed fascinating contradictions between market metrics and real-world experiences, with inventory reaching nearly 12,000 active listings—a 71% increase from the previous year. We explored where different property types sit in the traditional four-phase real estate cycle, examined the stark performance differences between detached homes and condos, and analyzed the ongoing challenges in commercial real estate and multifamily sectors.
https://youtu.be/B-_bQAj0cKYTimestamps(00:00) Introduction
(02:15) Inventory Surge Hits Highest Levels Since 2012
(06:42) Single Family Versus Condo Price Divergence
(11:18) Real Estate Market Cycle Phase Discussion
(18:35) Multifamily Vacancy Rates Peak in Denver
(23:47) Commercial Office Market Downtown Challenges
(28:13) Interest Rate Environment and Federal Outlook
(31:45) Market Predictions and Inventory Growth Projections
Inventory Surge Signals Market TransitionThe most striking aspect of April’s data is the dramatic inventory increase, bringing us to levels not experienced in over thirteen years.
“This is by far the highest it’s been the last 10 years,” I noted while reviewing the data. “I think it’s like 2011, 2012, since we’re around this inventory level.”
- Active listings reached nearly 12,000 properties at the end of April, representing a 71% increase from 6,900 listings at the same time last year.
- Days on market increased from 30 to 37 days year-over-year, still well below the 80-100 day averages we saw during the Great Financial Crisis.
This inventory growth is creating more balance in the market, though we remain technically in seller’s market territory. The historical balanced market threshold sits around 15,000-16,000 active listings for the Denver metro area, meaning we need approximately 4,000-5,000 more properties to reach true equilibrium.
The Great Divergence: Single-Family vs. Attached PropertiesPerhaps the most telling story in our market analysis is the stark performance difference between detached homes and condos or townhomes.
“The one I’m surprised on, actually, is the detached single family houses are still flat,” Jeff observed. “So people see the headlines, the market’s gone down. If you look at closed median price for detached, it’s up 0.68%. So that tells you even in the current market conditions, single families are still the most desirable asset to buy and sell.”
- Detached homes showed minimal price movement with average prices down just 1.4% year-over-year and median prices up 0.7%.
- Attached properties (condos and townhomes) experienced significant price declines of 5% on average prices and 6% on median prices, coupled with a 13% drop in transaction volume.
The primary drivers behind this divergence include ongoing HOA challenges, insurance concerns, and financing difficulties for attached properties. Many condo complexes are struggling to meet conventional financing guidelines, limiting buyer options and creating downward pressure on values.
Navigating the Four-Phase Real Estate CycleDuring our discussion, we attempted to place the Denver market within the traditional four-phase real estate cycle: recovery, expansion, hyper supply, and recession.
“I think it’s kind of more balanced. So I think it’s in between phase two and phase three,” Jeff suggested. “That demand…people have so much equity. This is not 2009 where you have this oversupply. So you have all these people that could sell tomorrow, cash out. But what do they buy next? Now their mortgage goes from 2,000 bucks to 4,000 bucks for the move-up buyer.”
- The “rate lock effect” is keeping many potential sellers in their homes, as approximately 40% of homes nationally now have no mortgage, and many others carry rates below 4%.
- Single-family homes appear to be experiencing a much flatter cycle curve than traditional commercial real estate, largely due to the unique financing dynamics created by historically low COVID-era interest rates.
This creates an interesting dynamic where we have willing sellers with substantial equity who choose not to move due to the significant increase in borrowing costs, effectively constraining supply despite market conditions that would typically encourage more listings.
Commercial Real Estate and Multifamily ChallengesWhile residential real estate shows resilience, commercial and multifamily sectors are experiencing more significant stress.
“Denver multifamily vacancy peaking last quarter…right around 11 and a half, 12% with vacancy starting to soften here,” I explained while reviewing CoStar data. “In 2024, we delivered 5% of all the apartments that exist in Denver.”
- Downtown Denver office vacancy rates have reached 35%, the highest levels since tracking began in 2006, with some speculation that rates may match the 30% levels seen during the 1990 oil and gas crisis.
- Multifamily rents are down 2.9% year-over-year, with Class A properties leading the decline as new supply continues to hit the market.
The multifamily sector appears to be firmly in the recession phase of the real estate cycle, with banks increasingly looking to move distressed properties off their books after extending loan terms for the past few years.
Interest Rate Environment and Market OutlookInterest rates remain a critical factor in market dynamics, with current rates in the mid-to-high 6% range for 30-year fixed mortgages.
“Still kind of flat, you know, from what we’ve been seeing. So mid high sixes on a 30 year fix,” Troy reported. “I’m still hopeful we’ll see some better rates, but I’m not counting on it.”
- Consensus forecasts suggest rates may reach the low 6% range (around 6.2-6.3%) by Q1 2026, which could unlock more inventory as the psychological barrier between current rates and existing mortgage rates narrows.
- The traditional refinancing threshold of rates dropping to around 5% would likely trigger significant market movement, but current economic conditions make this scenario unlikely in the near term.
ConclusionApril 2025 data reveals a Denver real estate market in transition, with growing inventory creating more opportunities for buyers while single-family homes maintain their value better than attached properties. The unique dynamics created by COVID-era low interest rates are fundamentally changing how we think about traditional real estate cycles, creating a more prolonged and flatter adjustment period than historical precedent might suggest.
For investors, this environment presents opportunities in the single-family space as competition from traditional homebuyers remains constrained by affordability concerns. However, careful analysis of property type, location, and financing is more critical than ever given the significant performance divergence we’re witnessing across different market segments.
Stay tuned for our May data analysis, where we’ll examine whether inventory continues its upward trajectory and how the ongoing market transition affects pricing and transaction activity. Subscribe to our monthly market update podcasts to stay informed about the evolving Colorado real estate landscape.
Links from PodcastKeyrenter Property Management Denver: https://keyrenterdenver.com/
Nova Home Loans: https://troyhowell.novahomeloans.com
Connect with our Guests:Brandon Scholten: brandon@keyrenterdenver.com
Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
Market Updates:
- Denver April 2025 Real Estate Market Updates
- Colorado Springs & Pueblo April 2025 Real Estate Market Updates
Who is Keyrenter?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
The Colorado real estate market is experiencing significant shifts as we move through 2025, with changing buyer and seller dynamics creating both challenges and opportunities. In our recent Fire on Fire podcast episode with Paul and Jamin, we explored what’s actually happening on the ground—from concessions becoming standard practice to the impact of potential tariffs and supply chain disruptions. Understanding these trends is essential for anyone looking to buy, sell, or invest in today’s uncertain market.
Episode OverviewThis discussion brings together real-world experiences from active real estate professionals to provide an up-to-date market assessment. While data might still technically show us in a seller’s market with inventory below the balanced threshold, the practical reality feels quite different. Throughout our conversation, we examined recent transactions with significant concessions, the evolving impact of HOA concerns on condo values, current building challenges, and strategies sellers are adopting to maintain their competitive edge. These insights reveal a market in transition that requires new approaches from both buyers and sellers.
https://youtu.be/uFZIVEEx3zsTimestamps(00:00) Introduction
(02:45) Successful Listing Strategy in Challenging Market
(07:10) Tariff Impact on Housing Supply Chain
(11:03) Single Family Versus Condo Market Dynamics
(16:12) HOA Challenges Affecting Property Values
(21:32) Construction Project Updates and Affordable Housing
(26:49) Agent Commission Negotiation New Landscape
(32:19) Market Cycle Analysis and Rental Demand
The New Normal: Full-Price Offers with Significant ConcessionsOne of the clearest signs of our shifting market is the emergence of a new standard pattern in transactions: full-price offers paired with substantial concessions. Jamin shared his recent experience selling a property in Castle Rock, which demonstrates this dynamic perfectly.
“We automatically started off with the only offer we had was a full price offer with a $14,000 concession right off the bat. And then you always worry about what the inspection is going to be,” Jamin explained.
- Buyers are requesting significant concessions (often $10,000-15,000) for closing costs or rate buy-downs, while maintaining full asking prices since price reductions provide minimal monthly payment relief.
- Successful sellers are now proactively addressing potential inspection issues before listing, with Jamin noting: “We went ahead and did a bunch of stuff up front. We got a cracked window fixed, replaced. We did a little bit of roof work that needed to be done, got the furnace cleaned and serviced beforehand.”
This approach helps prevent the “double whammy” where buyers take the initial concession and then use inspection findings to negotiate prices down further. By anticipating and addressing common inspection concerns like roofs, HVAC systems, and structural elements in advance, sellers can maintain more control over their bottom line.
HOA Challenges Creating Downward Pressure on Condos and TownhomesWhile single-family homes have shown resilience, the condo and townhome market is facing more significant headwinds due to escalating HOA issues and financing challenges.
“I think that’s where I see a lot more potential for a bigger correction,” I noted during our discussion. “Between HOAs, insurance and deferred maintenance…many are falling out of conventional financing guidelines as well.”
- Buyers are now conducting unprecedented levels of due diligence on HOA documents, with Paul noting: “I’ve never seen so much due diligence on HOA documents…The first question that agents ask when you have a condo with an HOA is, how is the HOA doing? And does it have reserves?”
- Some associations are implementing substantial special assessments with minimal notice, as Jamin shared: “We had one that we were looking at selling…and HOA had voted the night before to do a $12,000 assessment, and then the next day tried to ACH that $12,000 out of everybody’s account.”
These concerns are making many buyers hesitant to consider properties with HOAs, creating potential longer-term implications for this segment of the market. Investors and owners of these properties may need to reassess their strategy as financing options narrow and carrying costs increase unexpectedly.
Supply Chain Disruptions and Construction ChallengesThe potential for tariffs and supply chain disruptions is adding a new layer of complexity to both the resale and new construction markets, with builders already pulling back in response to uncertainty.
Paul shared his experience with his current construction project: “Cabinets, you know, they told us we need to get them ordered before May 1st because they saw they were definitely having a price increase…Our builder was pretty confident that we could find a better deal somewhere else, but they would also be hit by tariffs potentially, unless they were made here somewhere in America.”
- Some builders are already laying off portions of their workforce, with one major national builder reportedly cutting 10% of staff as they manage excess inventory of spec homes.
- New construction buyers are seeing increased incentives as builders try to maintain sales velocity, with Paul noting: “They’re offering incentives like crazy now…rate buy-downs, yeah, that’s huge right now.”
For those considering building or renovating, these challenges suggest ordering materials early when possible and building in larger contingency funds—potentially 15-20% rather than the traditional 10%—to account for unexpected costs and potential price increases.
Market Metrics vs. On-the-Ground RealityOne of the most interesting aspects of the current market is the disconnect between traditional market metrics and what agents are experiencing with clients day-to-day.
“From like the data, this is what’s so weird right now,” I explained. “The data still shows us in a seller’s market because we’re still sub three months inventory or right around there. So it’s still in a seller’s market, but it certain doesn’t feel like one.”
- Despite inventory levels that historically indicate a seller’s market (below 15,000 active listings in the Denver metro area), properties are seeing fewer showings and longer days on market.
- Buyers are showing increased willingness to walk away over relatively minor issues, with Jamin noting: “They’re willing to terminate on inspection if they don’t get exactly what they want, they’ll terminate. And it could be over five or six hundred bucks, which I haven’t seen before.”
This disconnect suggests we may be approaching an inflection point in the market. The historical data indicates we would need approximately 5,000-6,000 more active listings to reach a balanced market by traditional metrics, but buyer behavior is already reflecting increased leverage.
ConclusionThe Colorado real estate market in 2025 is demonstrating why local knowledge and real-time insights are so valuable during periods of transition. While we aren’t seeing dramatic price drops in most segments, the dynamics have clearly shifted from the extreme seller’s market of recent years. Successful transactions now require more preparation, flexibility, and realistic expectations from all parties.
For sellers, this means addressing potential inspection issues proactively, being prepared for concessions, and pricing strategically. For buyers, today’s market offers more leverage than we’ve seen in years, particularly for those with secure employment and strong financials who can navigate the current interest rate environment.
To stay informed about these evolving market conditions and connect with other investors and real estate professionals, join us at one of our upcoming Fire on Fire community happy hours or mastermind events. These in-person gatherings provide valuable opportunities to share experiences and strategies in this dynamic market.
Links from Podcast* Property Llama
Finding financial advisors who truly understand real estate investing can be challenging. Most traditional planners focus on stocks and bonds, often suggesting investors liquidate their properties and move into REITs—without understanding the fundamental differences between these asset classes. In this episode, I had the opportunity to speak with Daniel Huffman, a rare breed of financial planner who not only understands real estate investing but actively practices it alongside traditional portfolio management.
Episode OverviewDaniel Huffman from Cornerstone Financial Independence Planning brings a unique perspective to financial planning by combining his background in the FIRE (Financial Independence, Retire Early) community with his expertise as a Certified Financial Planner. Unlike many financial advisors who primarily focus on traditional retirement planning and asset management, Daniel specializes in helping real estate investors build comprehensive financial plans that incorporate both direct property ownership and stock investments. Throughout our conversation, we explored how to structure a balanced portfolio, the importance of evaluating return on equity in real estate, and strategies for optimizing investment decisions across different asset classes.
https://youtu.be/fzFnQjnQm1ETimestamps(00:00) Introduction
(06:08) Financial Independence Community and Career Transition
(13:45) Strategic Asset Allocation and Factor Investing
(20:11) Risk Capacity versus Risk Tolerance Analysis
(28:34) Real Estate Return on Equity Analysis
(37:22) Portfolio Optimization for Long Term Investors
(46:58) Fee Structure for Real Estate Investors
(55:42) Market Outlook and Investment Opportunities Discussion
Building a Diversified Stock Portfolio Beyond the S&P 500While many investors default to broad market index funds, Daniel suggests a more thoughtful approach to stock market diversification, particularly for those with significant real estate holdings.
“I believe in what’s called a factor investing strategy, which is further diversification within the stock side. You can actually build a pretty diversified factor portfolio that represents the entire US Stock market, but in different weights and with different tilts towards different factors or styles of investing,” Daniel explained.
- Factor investing focuses on characteristics like size, value, profitability, investment, momentum, and quality, allowing investors to build a portfolio with lower correlation between assets.
- Instead of just owning the broad market where the top 7-10 stocks represent about 20% of the entire fund, consider diversifying horizontally (large, mid, small cap) and vertically (by different factors).
This approach can be particularly valuable for real estate investors looking to complement their property holdings with stock investments that don’t simply mirror the same market forces affecting their real estate portfolio.
Evaluating Real Estate Performance Through Return on EquityOne of the most valuable insights from our conversation was Daniel’s emphasis on constantly evaluating real estate performance through the lens of return on equity and internal rate of return (IRR) rather than just looking at gross cash flow or appreciation.
“Cash flow helps you retire today, appreciation keeps you retired. I really call it a total return approach. I want to make sure that with cash flow plus appreciation, my return on equity is not too low,” Daniel shared.
- Many real estate investors focus too heavily on property appreciation without considering how it compares to inflation. As Daniel noted, “His real return, his appreciation on the property above inflation was like 0.6 and 0.8% for those two properties.”
- Regularly analyze whether your equity could be working harder elsewhere, especially for properties you’ve held for many years where appreciation has accumulated significant equity.
This perspective aligns perfectly with what we do at Property Llama, helping investors understand when it might be time to reposition their equity into higher-performing assets rather than remaining emotionally attached to long-held properties.
The Flat Fee Approach to Financial Planning for Real Estate InvestorsTraditional financial planning models often create conflicts of interest for real estate investors, as advisors typically charge based on assets under management (AUM), which doesn’t include real estate holdings.
“If you have a million bucks in real estate and you’re working with an advisor that’s charging a 1% AUM fee, that’s 10 grand a year that advisor’s not making,” Daniel explained, highlighting the inherent conflict that can lead advisors to recommend selling real estate in favor of marketable securities.
- Daniel structures his practice as a fee-only firm that charges a flat annual fee rather than a percentage of assets, eliminating the incentive to recommend against real estate investments.
- This approach allows for truly objective advice on the entire portfolio, including decisions about moving between asset classes without the advisor’s income being affected.
For real estate investors seeking comprehensive financial planning, finding an advisor with this fee structure can make a significant difference in the quality and objectivity of advice received.
Making Smart Decisions About Property Succession and Legacy PlanningMany real estate investors dream of passing their properties to their children, but this isn’t always the best approach. I shared my own evolution in thinking: “I was sitting at a closing table and some of the best deals we bought in single family, especially in small multifamily, were from someone that inherited the property… And then three, five, ten years later, the property is just run into the ground.”
Daniel added valuable perspective on this issue: “You don’t want to pigeonhole your kids into having to live out mom or dad’s dream. You don’t want to give them a job that they’re not well prepared for and that they don’t want, and what you intend to be a blessing to them could actually end up just being a curse.”
- Consider whether your heirs have the interest, knowledge, or capacity to manage real estate effectively before planning to leave them property.
- Evaluate whether the “endowment effect” (preferring to keep what you already own) is influencing your decision to hold properties that you wouldn’t buy again today.
This realistic approach to legacy planning can help prevent family conflicts and ensure your wealth transfer achieves the outcomes you intend.
ConclusionBuilding a comprehensive financial plan that balances real estate investments with traditional asset classes requires specialized knowledge and an advisor who understands both worlds. Daniel Huffman’s approach demonstrates how real estate investors can make more informed decisions about their entire portfolio, optimizing for total returns rather than becoming emotionally attached to specific assets.
Whether you’re evaluating your current real estate holdings, considering how to diversify into stocks, or planning for the eventual transfer of your assets, having an advisor who can objectively analyze all your investments without inherent conflicts of interest is invaluable. The next time you’re reviewing your financial plan, consider whether your advisor truly understands how real estate fits into your overall wealth-building strategy.
Resources Mentioned Books on Investment Strategy: + All About Asset Allocation + Your Complete Guide to Factor-Based Investing: The Way Smart Money Invests Today + The Bogleheads’ Guide to Investing * Financial Planning Resources: + Cornerstone Financial Independence Planning: cornerstonefiplanning.com + Contact Daniel Huffman: dan@cornerstonefiplanning.com * Investment Concepts:* + Factor Investing Strategy + Return on Equity (ROE) Analysis + Internal Rate of Return (IRR) + Risk Capacity vs. Risk Tolerance
Looking for more insights on Colorado real estate investing? Subscribe to our podcast on Apple Podcasts, Spotify, or your favorite podcast platform to stay updated on market trends, deal analyses, and investing strategies.
In today’s special episode, I’m taking a different approach. Instead of our typical discussion on investment strategies and market trends, I’m pulling back the curtain on Property Llama as a business. Our behind-the-scenes content consistently performs well with our audience, and sharing our journey helps us connect with potential team members, deal flow, and capital partners who align with our vision.
Episode OverviewThroughout this episode, I share three major updates from Property Llama’s recent business developments. First, I explain a simple yet powerful change to our quarterly planning structure that dramatically improved our momentum. Next, I discuss how we achieved profitability in December 2024 by applying the theory of constraints to our business operations. Finally, I reveal our plans to launch a comprehensive marketplace of investment opportunities in response to direct feedback from our community.
https://youtu.be/09UCJKb211YTimestamps(00:10) Introduction
(03:01) Strategic Calendar Shift for Business Momentum
(04:30) January Performance with New Quarterly System
(06:17) Achieving Profitability in December 2024
(07:44) Theory of Constraints in Business Growth
(09:10) Developing Solutions for Underperforming Portfolios
(11:57) Marketplace Launch for Investment Opportunities
(13:48) Final Thoughts on Quarterly Updates
Reimagining Quarterly Planning for Better ResultsOne of the most impactful changes we made this year was adjusting our quarterly planning calendar to better align with the natural flow of real estate business cycles.
“What we changed last year for Property Llama was we actually changed our goal setting, our quarter reporting off by one month from the traditional calendar setting. So rather than being January, February, March is Q1, our Q1 is February, March, April.”
- This simple shift meant our Q4 period (November, December, January) allowed us to maintain momentum through typically slow December and enter January with clear direction.
- The result was unprecedented execution in January, with the team fully aligned and focused despite challenging market conditions.
This minor adjustment cost nothing to implement but proved invaluable for maintaining our operational rhythm. For fellow business owners, questioning your planning calendar might unlock similar improvements in your organization’s performance.
Achieving Profitability Through FocusThe highlight of our Q4 results was reaching profitability in December 2024, a critical milestone for any growing business. This achievement didn’t happen by accident but through deliberate focus and strategic discipline.
“From a strategic level and a leadership level, the main way we made that happen was by focusing on the theory of constraints. We looked at everything we have, and this is a very common thing entrepreneurs face, right? We all wear 10, 20 different hats at a lot of projects and it’s very easy to get very busy and do lots of stuff but not be effective.”
- Instead of tackling multiple initiatives simultaneously, we identified the single biggest constraint holding us back and focused exclusively on resolving it.
- Once that constraint was addressed, we moved to the next bottleneck, maintaining discipline around prioritization.
This approach helped us work more effectively rather than just efficiently. By concentrating our efforts on the factors that would drive the most significant results, we achieved growth and profitability while reducing unnecessary stress.
Creating a Marketplace of Investment Solutions in Property LlamaA consistent piece of feedback we’ve received is that while our software is excellent at identifying underperforming properties, users needed more guidance on potential solutions.
“One of the most common things we’ve heard from people over the years is they plug their properties of software. They come to one of our events or webinars and they’re like, ‘wow, I didn’t realize I had all these red light ROE properties. I didn’t realize that my portfolio was underperforming the stock market.'”
- In January, we launched our “10 Strategies” webinar as part of our Portfolio Analysis Mastermind series, outlining various approaches that make sense in the current market.
- These strategies included converting properties to room-by-room or medium-term rentals, creative refinancing options, and methods for repositioning equity to align with cash flow goals.
Building on this momentum, we’re developing the Property Llama Marketplace, set to launch in Q2. This platform will showcase investment opportunities spanning different strategies, risk profiles, and management styles – all integrated with our existing analytics software.
“This will also all be integrated in the app. So once we point out, hey, the red light ROE property, you can hit a few buttons on the system and show, hey, if you did this or if you did strategy two or three or four, here’s how it looks.”
Looking ForwardThe shifts we’ve made in Q4 have positioned Property Llama for continued growth and innovation. By maintaining our quarterly update cadence, we can share progress more frequently than our previous annual approach allowed. This transparency helps us attract resources for growth while hopefully inspiring your own business and portfolio improvements.
We’re excited about the road ahead, particularly the launch of our marketplace in Q2. This platform will provide a comprehensive buffet of investment options tailored to different investor needs and preferences – something we’ve found lacking in the current landscape.
If you have questions about anything discussed in this episode or just want to connect, reach out to me directly at chris@propertyllama.com. Building relationships is how we discover opportunities and grow together as a community of investors.
Links from Podcast* Property Llama: https://propertyllama.com/
Looking for more insights on Colorado real estate investing? Subscribe to our podcast on Apple Podcasts, Spotify, or your favorite podcast platform to stay updated on market trends, deal analyses, and investing strategies.
The Colorado real estate landscape continues to show remarkable variations across different market segments, with some properties commanding multiple offers while others linger for months. As recent economic volatility and policy changes create ripples throughout the market, understanding these trends is essential for making informed investment decisions. In this month’s update, I’ll share what’s happening on the ground with single-family homes, condos, and alternative investment strategies that are working in today’s dynamic environment.
Episode OverviewIn our March 2025 market update, I was joined by Troy, Brandon, and Jeff to discuss the latest trends in Denver and Colorado Springs real estate. We analyzed the stark contrast between property types and locations, examined changing rental market dynamics, and highlighted a remarkable downtown office-to-residential conversion project that shows how dramatically commercial real estate values have shifted. We also discussed the growing popularity of multigenerational housing arrangements, explored a parent-child house hacking strategy, and addressed how recent economic volatility is affecting interest rates and buyer behavior.
https://youtu.be/fn0v0YcpNWETimestamps(00:00) Introduction
(03:40) Condo Market Financing and Inventory Challenges
(07:12) Rental Trends Across Different Property Types
(10:35) Office Tower Conversion to Residential Units
(14:45) First Time Buyers and Multigenerational Housing
(19:30) Parent Child House Hacking Success Story
(25:10) Tariffs Impact on Mortgage Interest Rates
(31:20) House Hacking During Economic Uncertainty
Denver Real Estate Market: The Growing Divide Between Property TypesThe divergence between single-family homes and condominiums continues to widen, with detached properties showing modest appreciation while attached units face significant headwinds.
“Single family homes are still appreciating. Condos have knocked off, depending on the market, 5 to 15% since the peak a couple years ago,” I noted during our discussion, highlighting the stark contrast that has become a defining feature of today’s market.
- Year-over-year, detached home prices are up 0.6% (average) and 3% (median), while attached properties have declined 6-7%
- Condo challenges are compounded by financing obstacles, with many complexes falling out of lending eligibility due to insufficient reserves and insurance coverage issues
When asked how many condo transactions he’s closed this year, Troy was emphatic: “Zero.” He explained that many complexes don’t qualify for FHA financing, severely limiting the pool of potential buyers. The situation is further complicated when units that don’t sell become rentals, increasing the investor ratio in the complex and making financing even more difficult to obtain.
Commercial-to-Residential Conversions: New Life for Vacant Office TowersOne of the most fascinating developments in the market is the emerging trend of converting distressed office properties to residential use, with a recent deal highlighting just how dramatically commercial property values have fallen.
“A real estate developer purchased two downtown office towers for $3.2 million with plans to convert them into 700 residential units. The buildings, once valued at $112 million, are nearly vacant and well suited for the conversion,” I shared, noting that this represents less than 3% of the property’s 2008 value.
- The total projected cost for the conversion is $150-200 million, partially funded through the Downtown Denver Authority
- This project aligns perfectly with the timeline when new apartment construction is expected to fall dramatically, potentially filling a critical supply gap
Brandon observed that this timing could be ideal: “Apartment builds fall off a cliff or there’s nothing new coming online. This could be kind of in that timeline that’s out 18 to 24 months.”
Rental Market Trends & Investor StrategiesThe rental market continues to show softness across most segments, though with some interesting variations by property type and price point that savvy investors can leverage.
“Year over year on apartments, we’re seeing the data down 4.8%, but as a whole, down 6% across all asset types,” Brandon reported, with attached properties showing the steepest declines.
- Single-family homes over $3,300/month and one/two-bedroom medium-term rentals are showing stronger demand than other segments
- Section 8 payment standards decreased slightly in 2025, the first decline since 2009, though Denver maintains higher payment levels than the published HUD standards
For investors considering selling, Jeff noted a significant shift in exit strategies: “None of your investors are doing 1031s right now. That was the way things went before… you sold something and went to the next thing and kept going up and up, but that’s still not making sense right now.”
Multigenerational Housing & Parent-Child Investing StrategiesAs affordability challenges persist, more families are exploring creative living arrangements and investment partnerships that leverage family relationships.
“In early 2021, 18% of the US population was living in multi-generational households. Especially as large baby boomer generation ages up and younger generations have children,” I noted, sharing an emerging trend that’s both an economic necessity and quality-of-life choice for many.
- Multigenerational households provide economic advantages through shared costs while offering practical benefits like built-in childcare and property oversight
- Parent-child house hacking partnerships represent an innovative strategy where parents provide capital while adult children manage the property and build equity
Troy highlighted the intergenerational benefits: “Gets the kids into real estate in their early 20s at a young age.” Jeff added a practical example, describing a client who’s helping a second daughter purchase a duplex after successfully house hacking with their first daughter: “First house hack was a single family with a separate entrance… and now the other daughter’s got the bug and buying a straight up duplex.”
Interest Rate Volatility & Market ImpactRecent economic and policy developments have created significant volatility in the mortgage market, with rates experiencing substantial day-to-day and even intra-day fluctuations.
“We’re seeing a steady diet of day over day increasing in the interest rates. And so we’ve probably overall, I’d say at least a half percent to the rate up from where we were and maybe in some cases 3/4 of an increase,” Troy explained, describing how recent tariff announcements have impacted the lending environment.
- Mortgage rates have increased approximately 0.5-0.75% from their recent lows, though they remain below their highest points of the past six months
- Rate volatility has caused some traditional buyers to pause their home search, though house hackers remain active due to their reduced risk profile
Jeff emphasized why house hacking remains a solid strategy even amid uncertainty: “What is fear and uncertainty? House hacking is actually a pretty freaking good strategy if you’re doing it because you’re doing a thing that most people don’t do… Works even better in a bad market. Because if you do lose your job, at least you know, you got your housing taken care of.”
ConclusionThe Denver and Colorado Springs real estate markets continue to show significant divergence across property types and locations. While condos and commercial properties face challenges, single-family homes in desirable locations continue to perform well. Creative strategies like house hacking, parent-child partnerships, and medium-term rentals offer potential solutions to navigate the current market conditions.
As Troy aptly noted, “Recessions are great for real estate… you get some better rates. They’re talking about the Fed doing some more cuts here than what was expected before.” With forecasts now suggesting 3-4 rate cuts in 2025 instead of the previously anticipated 2-3, strategic investors have reason for optimism despite short-term volatility.
If you’re considering a real estate investment in today’s market, focus on property types and locations showing strength, explore creative strategies like house hacking, and work with experienced professionals who understand the nuances of our local market. For more detailed insights and monthly updates, be sure to subscribe to our podcast and reach out if you need personalized guidance for your situation.
Links from PodcastKeyrenter Property Management Denver: https://keyrenterdenver.com/
Nova Home Loans: https://troyhowell.novahomeloans.com
Connect with our Guests:Brandon Scholten: brandon@keyrenterdenver.com
Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
- Denver March 2025 Real Estate Market Updates
- Colorado Springs & Pueblo March 2025 Real Estate Market Updates
Who is Keyrenter?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
As stock markets experienced significant turbulence in early April, many investors found themselves reconsidering their portfolios and investment strategies. The ripple effects of this volatility extend beyond Wall Street, creating both challenges and opportunities in real estate markets across the country. Understanding how Denver’s unique real estate market responds to these broader economic shifts can help investors make informed decisions during uncertain times.
Episode OverviewIn this Fire on FIRE episode, I sat down with fellow firefighters and real estate investors Paul and Jamin to discuss current market conditions and investment strategies. Our conversation explores how recent stock market drops and economic uncertainty are affecting different segments of the Denver real estate market, revealing stark contrasts between property types and locations. We also delve into alternative investment strategies, including self-directed IRAs and how investors are pivoting away from traditional 1031 exchanges toward other tax-advantaged options.
https://youtu.be/42yytK_YmCETimestamps(00:10) Introduction
(04:55) Contrasting Condo and Single Family Markets
(11:47) Migration Trends Affecting Colorado Real Estate
(16:20) Buyer Sentiment and Purchasing Power
(21:03) Investor Exit Strategies Beyond 1031 Exchanges
(28:13) Bourbon Market Commentary and Diversification
(32:59) Self Directed IRAs for Real Estate Investing
(40:48) Final Thoughts
Denver Real Estate Market: A Tale of Two Asset ClassesThe Denver real estate market is currently demonstrating a clear divergence between different property types and locations, with single-family homes in desirable neighborhoods maintaining strength while condominiums face significant headwinds.
“Single family homes are still appreciating. Condos have knocked off, depending on the market, five to 15% since the peak a couple years ago,” I noted during our discussion, highlighting the stark contrast between asset classes.
- Location remains paramount—properties in premier areas like Cherry Knolls are still receiving multiple offers within 24 hours of listing, while listings in less desirable areas linger with minimal showings
- HOA issues, particularly inadequate reserve funding, are creating major obstacles for condo sales, with some complexes becoming effectively “cash only” due to Fannie Mae and Freddie Mac financing restrictions
Paul shared an example that perfectly illustrates this divergence: “I listed a house in Cherry Knolls and it went under contract in a day—multiple offers, about 15 to 20 showings in that first 24 hours,” while his condo listing in Meridian had only “five or six showings” in the same timeframe despite price reductions.
Investor Strategies: Moving Beyond 1031 ExchangesOur podcast revealed a significant shift in how real estate investors are handling property dispositions, with traditional 1031 exchanges falling out of favor due to challenging market conditions and changing priorities.
“None of your investors are doing 1031s right now?” I asked during our conversation. “No,” Paul confirmed, explaining that, “That was the way things went before…You sold something and went to the next thing and kept going up and up, but that’s still not making sense right now.”
- Investors are increasingly cashing out of properties and redirecting capital to alternative investments like syndications, development funds, and debt funds rather than acquiring more direct rental properties
- New legislation affecting landlords is contributing to investor concerns, prompting many to reevaluate their long-term strategies and exit plans
Paul noted that investors are increasingly prioritizing cash flow over continued tax deferral, explaining his own situation: “I’m selling a triple net and I’m done with my 1031s. I can’t, I’m not going to do a 1031. It just doesn’t make sense. I need the cashflow. I’m in retirement.”
Self-Directed IRAs: Diversifying Retirement PortfoliosWith stock market volatility creating anxiety among investors nearing retirement, our conversation turned to self-directed retirement accounts as a vehicle for accessing real estate and other alternative investments.
“A lot of people just don’t know about what else is out there—debt funds and all these development funds. There’s a lot of opportunities out there that will give you a great return,” explains Paul, highlighting the knowledge gap that prevents many investors from diversifying.
- Self-directed IRAs and 401(k)s allow investment in alternative assets like real estate while maintaining the tax advantages of traditional retirement accounts
- These vehicles can provide better insulation from market volatility, as private market investments don’t experience the same real-time pricing fluctuations as publicly traded securities
I shared my personal experience: “I moved over about $300,000 from the stock market towards real estate, I spend a hundred hours a week doing real estate. I have a competitive advantage in real estate with deals I see, people I know, and knowing market trends, where I had no competitive advantage in the stock market.”
Navigating Economic Uncertainty: Action Steps for InvestorsDespite market challenges, we identified several practical steps investors can take during periods of economic uncertainty to potentially strengthen their positions.
“Now is the time to start putting in more money into your 457s, max out everything, match and exceed that,” advises Paul, advocating for dollar-cost averaging during market downturns.
- For those concerned about retirement timelines, diversification across uncorrelated asset classes can help reduce portfolio volatility
- Real estate investments, particularly in strong submarkets with proven demand, can provide stability during stock market turbulence
Jamin noted that firefighters close to retirement are particularly stressed by market volatility: “I think we see that at the firehouse table with firefighters that are real close to retirement… They’re going to change their plans. Inevitably, I’ve seen it before.” This highlights the importance of having stabilizing assets like real estate in a pre-retirement portfolio.
ConclusionThe current economic environment presents both challenges and opportunities for real estate investors. While certain segments of the Denver market—particularly condominiums and less desirable locations—face headwinds, single-family homes in prime locations continue to perform well. Meanwhile, traditional investor strategies like 1031 exchanges are giving way to alternative approaches including self-directed retirement accounts and investments in syndications and funds.
As Paul succinctly puts it: “Everything I’ve read and everything I learned was like, once you’re in the stock market, don’t pull out of the stock market. Stay in the stock market, stay in real estate, wherever it is, don’t move around… But right now, looking back, especially today, looking at the market, boy, I’m sure glad I did that because I took some money off the table and I put it in an asset where I’m still making a healthy return right now instead of losing money.”
For investors seeking to navigate these complex markets, our Fire on Fire team offers free educational resources and one-on-one portfolio reviews. To learn more about our upcoming classes or to access personalized guidance, check out the resources below or reach out directly to our team.
Links from Podcast Property Llama – Software for analyzing and optimizing rental portfolios * Self-Directed IRA Custodians:* + Sense Financial – Offers checkbook control options + Equity Trust – Full-service custodian for self-directed accounts + New Direction IRA – Colorado-based custodian
With market volatility sending shockwaves through traditional investment portfolios, many investors are seeking alternatives through vehicles like self-directed IRAs that can thrive regardless of Wall Street’s ups and downs. In this episode, I share how I strategically repositioned a portion of my retirement funds into real estate and private lending to create a more resilient portfolio designed to generate consistent returns even during turbulent economic times.
Episode OverviewIn this detailed workshop, I walk through my journey of moving $276,000 from traditional stock investments into alternative assets through a self-directed retirement account. Drawing on my background in financial planning and nearly 15 years of active real estate investing experience, I explain the concept of non-correlated assets and why they’re crucial for protecting wealth during market downturns. The discussion covers the specific investments I made, including private lending opportunities, multifamily development projects, and build-to-rent communities, along with the expected returns and my rationale for each decision.
https://youtu.be/s8Tfw8t-jScTimestamps(00:00) Introduction
(04:18) Stock Market Performance vs Real Estate Returns
(09:35) Correlation Problem in Traditional Retirement Portfolios
(14:27) Self Directed IRAs for Alternative Investments
(19:13) Private Lending as Real Estate Investment Strategy
(25:46) Real Estate Passive Investing Opportunities
(31:20) Portfolio Rollover Strategy and Expected Returns
(45:53) Custodian Options and Implementation Resources
Understanding Non-Correlated Assets and Their ImportanceOne of the fundamental challenges with traditional retirement portfolios is their vulnerability to market-wide downturns. When stocks tumble, most mutual funds and ETFs fall in tandem, demonstrating high correlation that can devastate retirement savings.
“When markets crash, traditionally they all crash or they all go up together… I have diversification across 500 or thousands of companies, which is great. I don’t want all my money in one or two or three companies… however, it’s all in the same asset class. And for the most part, all of those are correlated.”
- In the 2008 crash, the S&P 500 dropped 37%, international stocks fell 43%, and corporate bonds tumbled 5-15%—all moving downward together
- True diversification isn’t just about owning different stocks or adding bonds—it requires assets that make money through fundamentally different mechanisms
A non-correlated asset allocation might include public equities, private equity, infrastructure investments, real estate, and private credit, creating a far more resilient portfolio than the traditional stock-and-bond mix. This approach provides protection not just during normal market conditions but especially during crises—precisely when diversification matters most.
Self-Directed IRAs and Retirement Accounts: The Gateway to Alternative InvestmentsTraditional IRAs and 401(k)s typically limit investors to stocks, bonds, mutual funds, and ETFs. To access alternative investments like real estate and private lending, you need a self-directed retirement account with a specialized custodian.
“The biggest difference is that self-directed IRAs and 401(k)s just give you a lot more freedom in what you can invest in. You have the same tax-deferred or tax-free growth. If it’s a Roth, you have the same contribution limits, same distribution rules, and same early withdrawal penalties.”
- Self-directed accounts maintain all the tax advantages and rules of traditional retirement accounts but allow investment in alternative assets
- Two main options for self-directed accounts include working with a custodian who manages transactions or establishing “checkbook control” through specialized structures
While directly owning rental properties in a self-directed account is technically possible, it’s often impractical due to non-recourse loan requirements (typically requiring 40-50% down payments with higher interest rates) and IRS prohibited transaction rules that prevent self-management.
My Real-World Investment Strategy and AllocationsAfter analyzing historical returns and considering the current economic environment, I strategically deployed my $276,000 across four specific investments, targeting much higher returns than the stock market’s historical average.
Here’s how I allocated the funds:
- Private Lending Debt Fund ($150,000 – 54% of rollover)
- Investment in a Midwest-based hard money lender providing loans to real estate investors
- Targeting 24-26% annual returns through interest payments and origination fees
- Delivers consistent monthly income without correlation to stock market performance
- Colorado Multifamily Development Fund ($50,000 – 18% of rollover)
- Investment across three multifamily development projects in Washington Park (Denver) and Colorado Springs
- Functions like a mini mutual fund for real estate with projected returns of 22-25%
- Targeted completion in approximately four years with strategic timing for market cycles
- Build-to-Rent Single-Family Community ($50,000 – 18% of rollover)
- Investment in a 200+ home purpose-built rental community in Ohio
- Offers geographic diversification outside Colorado with projected 21% IRR
- Combines the benefits of single-family homes with multifamily-style professional management
- Value-Add Multifamily in Oklahoma City ($25,000 – 9% of rollover)
- Classic value-add strategy buying distressed multifamily at a discount
- 4-5 year hold period with estimated 17-20% returns
- Further geographic diversification in a landlord-friendly market
This diversified approach spreads risk across multiple markets, operators, and investment strategies while maintaining the tax advantages of retirement accounts.
The Practical Steps to Implementing a Similar Strategy with Self-Directed IRA CustodiansFor investors interested in pursuing a similar path, I emphasize several key considerations about self-directed retirement accounts and alternative investments.
“I would recommend you talk to all three [custodians]. And there’s also a lot of other companies that do amazing work as well. So there’s a lot more custodians than just these three.”
- Selecting the right custodian is critical—options include Sense Financial, Equity Trust, and New Direction IRA
- Understanding the differences between Solo 401(k)s (for self-employed individuals) and self-directed IRAs (available to anyone)
- Being aware of specialized rules like UBIT (Unrelated Business Income Tax) that can affect retirement account investments
The implementation process typically involves:
- Opening an account with a specialized custodian
- Rolling over funds from existing retirement accounts
- Working with the custodian to complete investments in your chosen alternative assets
- Managing ongoing compliance and reporting requirements
ConclusionThe strategic repositioning of retirement assets into non-correlated investments represents a powerful approach to building wealth that can withstand market volatility. By moving $276,000 from traditional stocks into carefully selected real estate and private lending opportunities, I’ve created a portfolio targeting returns potentially three times higher than the stock market average while significantly reducing exposure to market-wide downturns.
As markets continue to experience volatility, consider whether your retirement portfolio has sufficient diversification across truly non-correlated assets. While this approach isn’t about abandoning stocks entirely—I still maintain significant stock investments—it’s about creating balance through strategic allocation to alternative investments that can thrive in any economic environment.
To learn more about these strategies and see detailed breakdowns of the investments discussed, listen to the full episode and explore the resources below. For those interested in receiving the 2025 Guide to Colorado Real Estate Investing Strategies, reach out directly for your complimentary copy.
Links from Podcast Self-Directed IRA Custodians: + Sense Financial – Offers checkbook control options + Equity Trust – Full-service custodian for self-directed accounts + New Direction IRA – Colorado-based custodian * Banks Specializing in Self-Directed Accounts: + Solera National Bank (Lakewood, Colorado) + Titan Bank * Other Resources:* + 2025 Guide to Colorado Real Estate Investing Strategies (physical book) + Spreadsheet analysis of investment returns (available upon request)
Is your rental property portfolio performing at its full potential? Many Colorado real estate investors are unknowingly leaving money on the table through under-market rents, missed revenue opportunities, or inefficient operating procedures. A comprehensive portfolio health audit can uncover these hidden opportunities to boost your net operating income (NOI) and maximize your return on investment.
Episode OverviewIn this informative episode, Brandon and John of Keyrenter discuss the importance of regular portfolio health audits. We shared our process for evaluating properties across rent rates, costs, and compliance issues. Through case studies, we showed how small adjustments can significantly improve property performance. We also highlighted common issues that impact rental property profitability.
https://youtu.be/QZyNloX_-YUTimestamps(00:26) Introduction
(03:42) Maximizing Rental Income Through Market Assessment
(08:26) Smart Home Technology and Value Add Features
(12:13) Maintaining Property Value Through Preventative Maintenance
(15:38) Compliance Requirements for Denver Rental Properties
(32:40) Case Study 1: Colorado Portfolio Analysis
(40:44) Case Study 2: Premium Rent Achievement Strategies
(44:48) Case Study 3: Fourplex Renovation Returns
(47:30) Q&A and Final Thoughts
What Is a Portfolio Health Audit?A portfolio health audit is a comprehensive evaluation of your rental properties to identify opportunities to increase revenue, reduce expenses, and enhance overall performance. The process examines current rental rates against market standards, reviews operating costs, ensures compliance with local regulations, and analyzes other performance factors to improve profitability.
“Essentially the goal is to provide you with opportunities to improve efficiency and boost profitability on your portfolio,” explains John from Keyrenter Denver, highlighting the purpose of these evaluations.
- A complete audit typically begins with gathering essential information about your properties, including addresses, property details, current lease agreements, utility bills, and property listing details
- The most valuable insights often come from comparing your current rental rates against market standards and identifying areas where you might be leaving revenue on the table
I emphasize the importance of regular check-ups: “My rule of thumb is once a year. Check numbers once a year, especially, hey, it’s just like you go to the doctor. You’re supposed to go to the doctor once a year for a physical health checkup. Same thing.”
Maximizing Rental IncomeOne of the most common issues for rental property owners is pricing their properties below market value. While setting the correct rent is crucial, the timing of lease cycles and additional revenue sources can impact your bottom line.
“I see the number one mistake in many people’s portfolio is their rental property is under-rented,” I noted during our conversation, highlighting a widespread issue among rental property owners.
- Strategic pricing should aim to be at or slightly below market rates to minimize vacancy and attract quality tenants
- Consider adjusting lease terms (6, 12, or 18 months) to align expiration dates with peak rental seasons (late spring/summer)
Brandon from Keyrenter adds valuable context: “Best case scenario is be at, or just below market rent. That way you’re going to be able to rent your home quick. You’re going to get great tenants and probably going to renew at the end of the year.”
Utility Bill-Back ProgramsWe identified utilities as a common area where landlords leave money on the table. Rather than including utilities in the rent, separating these costs can improve transparency and ensure proper cost allocation.
“A lot of people usually are leaving revenue off the table or on the table when they’re not doing some type of utility bill back,” John points out, identifying a missed opportunity for many landlords.
- Consider charging separate fees for utilities rather than bundling them with rent
- When advertising, it’s better to list rent and utilities separately (e.g., “$2,000 rent plus $100 utilities” rather than “$2,100 all-inclusive”) as renters typically compare base rents when browsing listings
Property Presentation and ManagementProfessional property presentation can dramatically impact both your ability to attract quality tenants and the rental rates you can command. Our panel emphasized that small investments in property marketing can yield significant returns.
“Spend a couple of hundred dollars on photos and really just get them professionally done because that just goes such a long way,” advises John, highlighting one of the most cost-effective investments a landlord can make.
- Professional photography ($200-300) offers an excellent ROI, as these images can be reused for several years
- Consider seasonal photos (capturing the property during different times of year) to enhance marketing efforts year-round
Beyond presentation, maintenance response time emerged as a critical factor in tenant satisfaction and retention. Brandon shared a striking statistic: “The data shows it was like over 70% of tenants who non-renew cited maintenance response…or quality of repairs and things like that as the reason.”
Regulatory Compliance and Risk ManagementStaying compliant with local rental regulations is essential for avoiding fines and legal issues. We highlighted Denver’s rental license requirement as a specific area landlords need to address.
“If you have a rental property in Denver without a rental license, you should go get that because you’re, I think, what, two years past due at this point,” I reminded listeners about this important compliance issue.
- Denver rental licenses must be renewed every four years
- While the inspection process may identify some safety upgrades needed, most properties don’t require major investments to pass
We also discussed preventative maintenance as a key risk management strategy. Regular system checks and addressing small issues before they become major problems can save substantial money over time.
“It’s amazing how far that can go of just having a basic checklist of, hey, let me just look over the property and check these few things. There’s a lot of things that like, yeah, if you stay on top of it, it’s not going to be a big expense at all,” Brandon explains.
ConclusionConducting a regular portfolio health audit is essential for optimizing the performance of your rental properties. By examining your current rental rates, exploring additional revenue opportunities, improving property presentation, and ensuring compliance with local regulations, you can significantly enhance your property’s NOI and long-term returns.
As I put it during our discussion: “The majority of my net worth are in these rental properties and I can’t carve out five hours a year to come in here and actually make sure that this multimillion dollar asset, these multimillion dollar assets are running well? Shame on me. That is just stupid.”
If you’re not already conducting annual audits of your rental portfolio, now is the time to start. Consider reaching out to Keyrenter Denver for a free portfolio health audit to identify improvement opportunities.
Connect with our GuestsEmail Brandon Scholten: brandon@keyrenterdenver.com
Links from PodcastKeyrenter Denver: https://keyrenterdenver.com/
Who is Keyrenter?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
The house hacking journey doesn’t end when life changes—it evolves. One investor’s third house hack shows how adapting your strategy for family needs can improve returns. This case study reveals how expanding your search radius from Denver to Colorado Springs might be the key to unlocking better investment opportunities in today’s market.
Episode OverviewIn this episode, I’m joined by Jeff White and Troy Howell to discuss a client who purchased his third house hack. This time, a turnkey fourplex in Colorado Springs. The discussion tracks the investor’s evolution from a single tenant living in a house hack to a family man with multiple properties, highlighting how life changes and market conditions influenced his strategy. The team breaks down the numbers of this December 2024 purchase, revealing how the investor achieved an impressive 12% cash-on-cash return with minimal upfront investment.
https://youtu.be/mrfDJEJvtioTimestamps(00:17) Introduction
(03:03) Transitioning From Denver to Colorado Springs
(07:09) House Hacking Evolution With Growing Family
(11:40) Exploring Tenant Strategies in Colorado Springs
(15:35) Turnkey Property Features and American Appliances
(21:03) Financing Structure and Seller Credit Negotiation
(25:49) Cash Flow Analysis Before and After
(34:28) Adapting Investment Strategy to Market Changes
The Evolution of a House Hacker: From Single to Family ManThe investor’s journey represents the natural progression many house hackers experience as their lives change. Starting as a basement tenant, he bought his first Westminster property and implemented a rent-by-room strategy. Marriage and parenthood changed his housing needs, but his commitment to house hacking remained strong.
“He was my basement tenant, living in the smallest room in the corner, paying $750 a month,” Jeff explains. “I told him about the strategy. He saw me do the strategy… and he’s like, okay, how could I do this too?”
- The investor began with a rent-by-room strategy in his first two properties while single, then adapted to accommodate his growing family
- His third house hack represents a strategic shift to provide private family space while still leveraging the financial benefits of house hacking
Jeff emphasizes the importance of flexibility: “The big takeaway is he was flexible. He wasn’t stuck in his ways… So it’s great to become an expert in one strategy to start for any beginner out there. And then you could add strategies as you grow as your investor.”
Why Colorado Springs Made SenseWhen searching for his third house hack, the investor initially focused on Denver’s suburbs, looking at areas like Wheat Ridge and Westminster. However, the properties available in his price range typically featured significant deferred maintenance and below-market rents. By expanding his search radius to Colorado Springs, he discovered better quality properties at more favorable price points.
“We transitioned… where could we still do the fourplex, but find a little bit better product? That’s something that’s a little bit more updated,” Jeff explains. “Right down the way, an hour away in Colorado Springs, more inventory to choose from, newer inventory in general down there.”
- Colorado Springs offered more fourplex inventory at lower price points (typically built in the 1960s-1980s versus 1940s-1960s in Denver)
- Cap rates in Colorado Springs ranged from 5-7%, compared to just 4-5% in Denver metro areas
- The investor’s work-from-home arrangement (requiring only one day per week in the Denver office) made the location shift feasible
Maximizing Seller Credits and Minimal Money DownThe fourplex purchase demonstrates the power of creative negotiation and financing strategies available in today’s market. The investor purchased a $610,000 fully renovated fourplex with just $30,500 out of pocket, utilizing a combination of low down payment financing and seller credits.
“We did a Troy house special here,” Jeff notes, referring to the lender’s strategy for structuring the deal. “We got more seller credits than allowed… the purchase price was 610, appraised for higher, which is always a plus for the buyer.”
- The investor utilized Fannie Mae’s 5% down conventional loan program for multi-unit properties
- Through skillful negotiation, the investor secured $29,500 in seller credits—beyond the standard 3% limit—which covered rate buydowns and provided additional funds for property improvements
- The property was purchased at a discount after sitting on the market for 65+ days, demonstrating the value of targeting “seasoned listings”
Strategic Management and Impressive ReturnsThe investor implemented several smart strategies to maximize cash flow from day one. By pre-leasing the vacant units before closing, he ensured immediate income and a smoother transition into ownership.
“This is like one of the best cap rates I’ve seen in a multi for a while,” Jeff remarks about the 8% cap rate achieved on the property.
- The investor is paying approximately $1,000 per month to live in one unit while renting out the other three
- Upon moving out, the property is projected to generate $600 monthly cash flow ($7,000 annually)
- The fully leased property will deliver a 12% cash-on-cash return with an 8% cap rate
Troy highlights another advantage: “He’s going in with fresh appliances, flooring, paint… The roof has been taken care of. It’s got a fresh property. It’s not going to have major issues.”
This case study demonstrates how house hackers can adapt their strategies as both life circumstances and market conditions evolve. By remaining flexible about both strategy and location, investors can continue to build wealth even as their personal needs change. The investor’s journey from basement tenant to owner of three house hack properties showcases the potential for long-term success in real estate investing when approached with adaptability and strategic thinking. Whether you’re just starting or looking to expand your portfolio, consider how expanding your search radius might unlock better opportunities. As this investor proved, sometimes the best deals are just an hour away.
Connect with our GuestsTroy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
The Colorado real estate market continues to evolve with distinctive trends emerging across different property types and locations. Whether you’re an investor considering your next move or a potential homebuyer trying to time the market, understanding the current landscape is essential for making informed decisions in these dynamic markets.
Episode OverviewIn this information-packed market update, Chris Lopez and the team dive into the February 2025 real estate trends for both Denver and Colorado Springs. The discussion covers single-family and attached home prices, inventory levels, rental market conditions, and analysis of a controversial market forecast predicting Colorado Springs as the hottest market in 2025. The panel also examines how recent government spending cuts might impact local housing markets and explores opportunities in the office-to-residential conversion space.
https://youtu.be/5fwSqwyWQHUTimestamps(00:00) Intro
(03:33) Colorado Springs Market Performance Update
(06:26) Colorado Springs Hottest 2025 Market Prediction
(11:33) Government Changes Impact on Regional Markets
(20:17) Denver Housing Inventory Historical Context
(27:51) Condo Market Challenges and Financing Issues
(39:30) Office to Residential Conversion Project
(45:17) Multifamily Investment Opportunities and Strategies
Colorado Springs Market: Stability Amidst Bold PredictionsDespite a controversial forecast from Realtor.com naming Colorado Springs as potentially the hottest housing market in 2025, current data shows more modest but stable growth. Jenny Bayless, the team’s Colorado Springs expert, provides context around these predictions and the current market reality.
“February reports are showing that the median sales price is down month over month, almost 2%, but it’s still up year over year, almost 4%,” explains Jenny, highlighting the market’s resilience despite short-term fluctuations.
- Single-family homes continue to appreciate (up ~4% year-over-year) while condos and townhomes show softness (down ~6% year-over-year)
- The forecast predicting 27.1% growth in sales volume and 12.7% price appreciation appears overly optimistic based on current market performance
The panel expresses healthy skepticism about Realtor.com’s bold prediction, noting that while Colorado Springs has excellent long-term potential, the projected numbers seem disconnected from current market realities. As Jenny states: “I would welcome it, but I just find it very hard to see this happening.”
Denver Market: Growing Inventory but Still Below Historical AveragesThe Denver market shows significant year-over-year inventory growth, though prices remain resilient, particularly for single-family homes. The discussion reveals how current inventory levels compare to historical data and what this means for buyers and sellers.
“The report said the increase in active listings from January to February this year was the third largest percentage increase on record at 11%,” Chris notes, highlighting the rapid inventory growth.
- Active listings increased to 8,554 (up 55% year-over-year and 11% month-over-month)
- Despite these increases, current inventory still sits below the historical average of 12,500 listings since 1985
- Single-family home prices continue to rise modestly (median up 2.5% year-over-year)
This context helps explain why the market still feels competitive in many segments despite growing inventory levels. The historical perspective provides valuable framing for understanding Denver’s current market position.
HOAs, Financing, and Insurance IssuesA significant portion of the discussion focused on the struggles within the condo market, particularly related to financing challenges and increasing HOA fees. These issues are creating barriers for potential buyers and depressing values in certain segments.
“Communities are in need of large critical repairs because of hail storms and wind storms over the last three years,” Chris shares from an email from local lender Lonnie Glessner, highlighting one of the major issues affecting condo communities.
- Insurance claims and non-warrantable status are making many condos difficult or impossible to finance through traditional channels
- HOA fees have increased dramatically in some communities (one example cited showed fees nearly doubling to $700/month)
- Special assessments for repairs create additional financial burdens for owners
Troy, who is a lending expert, explains that many condo complexes have fallen out of warrantability due to insufficient reserves or insurance issues, significantly limiting the pool of potential buyers who can obtain financing.
Rental Market Trends and Conversion OpportunitiesThe rental market in Denver is experiencing downward pressure, with rents declining across most segments. The discussion also touched on an exciting new project converting office space to affordable housing.
“Denver had the highest increase over the past 12 months… We’re up to 67% of listings in Denver offering some kind of concession,” Brandon shares, highlighting the competitive rental market dynamics.
- Overall rents are down approximately 5% year-over-year across the Denver market
- Two-thirds of rental listings are now offering concessions to attract tenants
- Shea Properties received $29 million in bonds for an office-to-affordable housing conversion project near I-25 and I-225
This conversion project represents an interesting potential trend as cities look to address both the surplus of office space and shortage of affordable housing. The 143-unit project will be 100% income-restricted, offering studio to four-bedroom options in a prime location.
Final ThoughtsThe February 2025 market data reveals a nuanced picture across Colorado’s real estate landscape. While single-family homes continue to show resilience with modest appreciation, condos face significant headwinds from HOA and financing challenges. Rental markets are experiencing competitive pressures, leading to declining rents and increased concessions. For investors, these dynamics create both challenges and opportunities depending on property type and investment strategy.
To stay informed about these evolving Colorado real estate market trends and position yourself to make better investment decisions, tune in to the full episode for additional insights and analysis.
Links from PodcastKeyrenter Property Management Denver: https://keyrenterdenver.com/
Nova Home Loans: https://troyhowell.novahomeloans.com
Connect with our Guests:Brandon Scholten: brandon@keyrenterdenver.com
Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
Jenny Bayless: jenny@envisionrea.com
- Denver February 2025 Real Estate Market Updates
- Colorado Springs & Pueblo February 2025 Real Estate Market Updates
Who is Keyrenter?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Are you looking for ways to defer capital gains taxes while building wealth through real estate? Qualified Opportunity Funds (QOFs) might be the strategy you haven’t considered yet. This often overlooked investment vehicle offers significant tax advantages for investors with long-term horizons, particularly when compared to traditional 1031 exchanges.
Episode OverviewIn this information-packed episode, Chris Lopez and the REICO team sit down with Thomas from Hall CPA to explore the ins and outs of Qualified Opportunity Funds. These investment vehicles, created through the 2017 Tax Cuts and Jobs Act, allow investors to defer capital gains taxes by investing in designated low-income and distressed areas called Qualified Opportunity Zones. The discussion covers the tax benefits, requirements, and practical considerations for investors looking to take advantage of this strategy.
https://youtu.be/lshl0U0M8VYTimestamps(00:00) Introduction
(03:06) Major Tax Advantages for Long Term Investors
(07:45) Cash Flow Distributions and Capital Gains Treatment
(11:38) QOF vs 1031 Exchange
(15:29) Essential Requirements for Qualified Opportunity Properties
(19:57) Depreciation Recapture and Straight Line Benefits
(29:06) Ideal Investor Profile for Opportunity Zones
(36:22) Monitoring Fund Compliance and Investment Timeline
(44:29) Final Thoughts & Breaking the “Swap Till Drop” Cycle
What Are Qualified Opportunity Funds?Qualified Opportunity Zones are census tracts in low-income and distressed areas designated for revitalization. There are approximately 8,800 such zones throughout the United States. Qualified Opportunity Funds are the investment vehicles used to inject capital into these zones to support their economic development.
“Qualified Opportunity Fund is the vehicle that investors use to invest into the Opportunity Zones and revitalize some of these areas,” explains Thomas from Hall CPA.
- Investment properties must be located within designated Opportunity Zone census tracts
- QOFs must be structured as partnerships or corporations (not single-member LLCs or sole proprietorships)
Key Tax Benefits of QOFs vs. 1031 ExchangesThe discussion highlighted several significant tax advantages that QOFs offer compared to traditional 1031 exchanges, making them an attractive option for many investors.
“Probably the biggest tax advantage of investing in the Qualified Opportunity Fund is not actually the deferral of taxes, it’s the 10-year benefit,” Thomas explains. “If you hold for 10 or more years, you’ll pay no capital gains tax on the appreciation of that Qualified Opportunity Zone Fund investment.”
- Capital Gains Deferral: Investors can defer capital gains taxes until April 15, 2027, by investing gains into a QOF within 180 days of realization
- Tax-Free Appreciation: After holding the QOF investment for 10+ years, all appreciation is completely tax-free
- Depreciation Recapture Elimination: Straight-line depreciation recapture is tax-free after the 10-year holding period (unlike 1031 exchanges where it’s merely deferred)
- Investment Flexibility: Only the capital gains need to be invested (not entire proceeds as with 1031 exchanges), and gains can come from any capital asset (stocks, real estate, etc.)
QOF Investment Requirements and TimelineQOFs come with specific requirements designed to ensure the capital is used to improve designated areas rather than simply being parked there for tax advantages.
“90% of the qualified opportunity zones property must be in a qualified opportunity zone,” Thomas notes, explaining that this is tested on a semi-annual basis to ensure compliance.
- The 90% Test: Funds must maintain at least 90% of assets in qualified opportunity zone property, with semi-annual testing
- Property Qualification: Real estate investments must meet one of three criteria:
- Property vacant for over three years before acquisition
- Substantial improvement (doubling the building’s basis within 30 months)
- Ground-up development on vacant land or after demolishing existing structures
Who Should Consider QOF Investments?This investment strategy isn’t for everyone. Thomas provided insights into who might benefit most from utilizing Qualified Opportunity Funds.
“There’s a few things that you need: you need to have a long-term outlook,” Thomas advises. “You need to have the liquidity to not need that cash within that time period. You’re also going to need to have the liquidity to pay the capital gains that you originally deferred.”
- Ideal candidates: Investors with substantial capital gains who don’t need access to that capital for at least 10 years
- Liquidity consideration: Investors need sufficient liquidity to pay the deferred capital gains tax in 2027 while keeping their investment in the QOF
Important Dates and DeadlinesUnderstanding the timeline for QOF investments is crucial as the program has specific deadlines established by law.
“The last day you could invest is going to be the end of next year, which is 12/31/2026,” Thomas informs the group. “After that point, you’re not going to be able to defer or invest in Qualified Opportunity Zone Funds under current law.”
- Investment deadline: December 31, 2026 is the last day to invest in QOFs under current law
- Zone expiration: Qualified Opportunity Zones expire in 2028
- Benefit realization: Investors have until 2047 to realize the 10+ year tax benefit
Qualified Opportunity Funds offer real estate investors a compelling alternative to traditional 1031 exchanges, particularly for those with substantial capital gains and long-term investment horizons. The ability to eliminate taxes on appreciation and depreciation recapture after a 10-year hold period makes this strategy worth serious consideration for any investor looking to optimize their tax situation while contributing to the revitalization of distressed communities.
If you’re considering selling a property with significant appreciation, now might be the perfect time to explore whether a Qualified Opportunity Fund aligns with your investment strategy. Speak with your tax advisor to determine if this often-overlooked tax strategy could help you build long-term wealth while managing your tax obligations.
Links to PodcastHall CPA – Tax and Accounting Services for Real Estate Investors
2017 Tax Cuts and Jobs Act – Legislation that created the Qualified Opportunity Zone program
In our latest Deal Room episode, we sit down with Adam Fenton of Narrate Holdings to dissect the underwriting and budget details of a significant real estate development project in Colorado Springs. This 183-unit Class A mixed-use development presents a compelling investment opportunity within a Qualified Opportunity Zone, offering unique tax advantages over traditional 1031 exchanges.
Key highlights:
- The 183-unit Class A project costs $72.5 million ($396k/door) and falls within a Qualified Opportunity Zone, allowing investors to pay zero capital gains tax after a 10-year hold.
- Unlike 1031 exchanges, QOZ investments only require investing the capital gains portion from various assets including real estate, stocks, crypto, and business sales.
- Hard costs make up 80% of the budget at $53 million, while soft costs total nearly $9 million for architectural services, permits, legal fees, marketing, and insurance.
- The project uses a design-build approach with ARCO/Murray to better control costs and mitigate risks associated with construction management.
- Building during Colorado Springs’ current recession phase positions investors to deliver product during the anticipated market upswing, with limited new construction planned after current projects complete.
Investment OpportunityI’ve shared my personal investment strategy, explaining how he’s converting a “red light” fourplex investment with a 9.5% ROE into this development opportunity. The potential to triple investment over 10 years while avoiding capital gains tax makes this an attractive alternative to traditional 1031 exchanges, which have become increasingly difficult to make work in the current market environment.
This detailed breakdown highlights the power of counter-cyclical investing combined with tax-advantaged strategies. The Colorado Springs development showcases how investors can leverage Qualified Opportunity Zones during a recession phase to position for substantial growth while minimizing tax burdens—a prudent approach for those looking to evolve beyond traditional residential investments in today’s challenging market.
https://youtu.be/brwsZNRdFUcTimestamps(00:00) Introduction
(04:11) Exploring 1031 Exchanges vs Qualified Opportunity Zones
(10:06) Detailed Breakdown of Financial Projections and Costs
(16:23) Navigating Market Uncertainties and Future Projections
(30:32) Unexpected Challenges in Development
(45:01) Sales Marketing and Branding in Real Estate
(50:39) The Role of Art and Aesthetics in Development
(56:44) Market Timing and Real Estate Cycles
Links to PodcastInterested in learning more about Narrate?
Schedule a call with our team here
Visit Narrate Holdings Website
Check out our other Narrate podcasts:
514: Real Estate Developer’s Strategy for a $45 Million Apartment in an Opportunity Zone
527: How to Negotiate Land Deals for Your Next Multifamily Project
541: The $31M Solution for the Forgotten Middle: Affordable Workforce Housing
Who is Narrate Holdings?Narrate is a Denver-based firm specializing in the investment and development of urban-infill multifamily and mixed-use real estate in major metropolitan markets throughout the Western U.S. They ensure that each project, created to collaborate community, culture, and commerce, delivers enduring value to its local environment.
Narrate’s portfolio includes a diversified mix of ground-up development, existing value-add, and adaptive reuse properties. Our investment thesis relies on patience and discipline, focusing exclusively on well-located but underperforming assets that offer immediate value creation and long-term stability.
Disclaimer: This podcast provides educational and informational content only. It does not constitute personalized financial, legal, or tax advice.
In our latest podcast episode, Envision Advisors agent Jenny Bayless breaks down the current Southern Colorado real estate market and shares practical strategies for investors navigating 2025 conditions.
As your local guide for real estate investing in Colorado, we’re focused on providing you with actionable insights based on current market data and proven investment approaches. Jenny analyzed Q4 2024 data and identified three powerful strategies that are working right now in Colorado Springs and Pueblo.
Key Market Insights* Single-family home prices increased 3% year-over-year in Southern Colorado, aligning with historical norms. * Condo prices decreased by 4%, likely due to rising insurance costs, taxes, and HOA fees affecting buyer purchasing power. * Inventory levels grew throughout 2024 before declining during the holiday season, suggesting a market that remains active but challenging. * Insurance costs across investment portfolios increased dramatically, with Jenny reporting a 30% year-over-year increase across her properties.
https://youtu.be/yrJqPsh9KU0Three Investment Strategies for 20251. Improve existing properties for better returns* A strategic $12,000 investment in updating a dated but well-maintained rental property increased monthly rent from $1,600 to $1,825. * This improvement yielded a 22% annual return on investment while simultaneously reducing future repair costs. * Focus improvements on kitchens and bathrooms for maximum impact, but avoid over-improving beyond what the market will support.
2. Target small multifamily properties* Fourplexes currently offer the best rental option for “set it and forget it” landlords in the Colorado Springs market. * Jenny purchased a fourplex with separate utility meters for $660,000 that produces consistent cash flow with minimal management. * Consider using a “lazy 1031” approach to transition from lower-performing single-family homes to more profitable multifamily properties.
3. Explore strategic refinancing or recasting* Jenny refinanced a fourplex from 7.5% to 6.875% while reducing LTV from 80% to 75%, saving nearly $400 monthly. * Taking advantage of a lender’s “free refinance” offer dramatically improved the investment’s cash flow with minimal costs. * For investors with extra capital, recasting existing mortgages can reduce monthly payments without the hassle of full refinancing.
The current market requires thoughtful analysis and strategic action. While deals still exist, they require more creativity and careful evaluation than in previous years. Whether you’re looking to optimize existing investments or acquire new properties, focusing on these three approaches can help you build wealth through real estate in Southern Colorado.
Timestamps(00:00) Introduction
(01:25) Market Trends Reveal Single Family Strength Despite Challenges
(06:56) Rising Costs and Top Investment Strategies for 2025
(11:05) Property Improvement Case Study with Impressive ROI
(15:05) Small Multifamily Purchases That Generate Reliable Returns
(17:17) Mortgage Refinancing Options That Can Transform Your Portfolio
(25:07) Final Thoughts & Key Takeaways
Links from Podcast Envision Advisors: https://envisionrea.com/ * Email Jenny Bayless*: jenny@envisionrea.com
Why is Colorado Springs outpacing Denver in home price growth while condo values plummet across both markets?
Surprising data reveals Colorado Springs single-family homes up 7% year-over-year while Denver posts 5.6% gains, painting a complex picture of Colorado’s real estate landscape in early 2025. Join Chris Lopez and his expert panel as they dissect the latest market trends and implications for investors.
Key insights from this episode:
- Sharp contrast between houses and condos – Denver condos down 4.4% while houses appreciate
- Denver inventory up 57% year-over-year but still below historical averages
- How seasonal trends affect both rental rates and property sales
- Strategic insurance moves: why some investors are increasing deductibles to $5-10K
- Outlook for Denver multifamily: 15,000 new units expected in 2025
For property owners and investors, this market update highlights emerging opportunities amid changing conditions. Single-family homes continue showing strength while condos and multifamily face headwinds from new supply and higher operating costs.
https://youtu.be/iDG–_vfy-wTimestamps(00:00) Intro
(01:02) Colorado Springs Sees Unexpected Growth in Single Family Homes
(05:08) Why Condos Are Taking the Biggest Hit in Both Markets
(08:05) Denver Market Analysis Reveals Growing Property Inventory
(13:41) Seasonal Rental Strategies for Maximum Returns
(20:48) Hidden Risks of Using Home Equity for Debt Consolidation
(25:32) Commercial Real Estate Investment Opportunities in 2025
(35:30) Smart Insurance Strategies for Real Estate Investors
(43:38) Final Thoughts & Key Takeaways
Links from PodcastKeyrenter Property Management Denver: https://keyrenterdenver.com/
Nova Home Loans: https://troyhowell.novahomeloans.com
Apartment Rents Plunge in Fourth Quarter as a Blizzard of New Units Descend on Market
Connect with our Guests:Email Brandon Scholten: brandon@keyrenterdenver.com
Email Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
Email Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
Email Jenny Bayless: jenny@envisionrea.com
- Denver January 2025 Real Estate Market Updates
- Colorado Springs & Pueblo January 2025 Real Estate Market Updates
Who is Keyrenter?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Following their recent Portfolio Analysis Mastermind with over 40 investors, Chris Lopez and the Fire on FIRE team share emerging trends and opportunities in Denver’s evolving real estate market. Discover how successful investors are adapting their strategies to current market conditions.
Key insights from this episode:
- Why established landlords are selling select properties to reinvest in passive opportunities
- Strategic partnership opportunities between parents and college-bound children
- How new construction deals offer 20%+ discounts for patient negotiators
- Room-by-room rental strategies near fire stations creating win-win scenarios
- The importance of evaluating return on equity versus focusing solely on cash flow
Through real case studies, learn how investors are pivoting from traditional buy-and-hold strategies to more creative approaches. From firefighters to seasoned investors, these emerging opportunities showcase ways to build wealth in today’s market conditions.
https://youtu.be/_Enn6KYjyCsTimestamps(01:41) Key Highlights from the Property Analysis Mastermind
(04:20) Understanding Portfolio Performance and Equity
(08:13) Trends in Selling and Reinvesting into Passive Investing
(10:22) Navigating High Interest Rates and Market Conditions
(13:40) Why Paying Taxes Isn’t the Worst Option
(18:22) Joint Investments with Children
(21:58) Exploring New Builds and Market Opportunities
(27:35) Why House Hacking is Still a Great Option
(30:32) The Importance of Mindset in Real Estate Investing
Links from Podcast* Learn more about Fire on FIRE: fireonfire.org * Follow Fire on FIRE’s latest updates on Instagram: @fireonfireinvesting * Reach out to Paul DeSalvo and Jamin Cook: fireonfireinvesting@gmail.com
Check out our other Fire on Fire Podcasts#549: Understanding Why Building in Denver Costs More Now
546: How To Finance Your Next Denver House Hack Investment
535: Why ‘Boring’ Wealth Building Actually Works | A Financial Expert Explains
529: From Injured Firefighter to Financial Independence (And How You Can Do It Too)
479: First Responder to Financial Freedom Paul DeSalvo’s Mission to Help Others Achieve Financial Freedom
Ever wonder how professional developers evaluate multifamily opportunities?
Join us for an in-depth analysis with Adam Fenton of Narrate Holdings as we dissect the numbers behind a 65-unit luxury development in Denver’s Wash Park neighborhood.
From site acquisition to construction costs and rental projections, discover how experienced developers approach complex projects in today’s market. Learn how this $4.1M land acquisition will transform into a $32M+ asset targeting completion in 2027.
Key insights from this episode:
- How market knowledge led to acquiring prime land at $4.1M versus original $6.8M asking price
- Strategic decision-making behind unit mix: why larger one-bedrooms outperform studios
- The impact of construction loan terms and development fees on project feasibility
- Conservative underwriting approach: using current rents for 2027 delivery
- Exit strategy considerations: why a 5% cap rate leaves room for investor upside
This step-by-step analysis showcases real-world development math while highlighting the importance of patient deal-making and conservative assumptions. Real estate professionals and investors will gain valuable insights into institutional-grade deal evaluation.
https://youtu.be/lDCrllhYJHkTimestamps(03:55) Land Acquisition
(13:31) How to Do a Rent Study
(18:56) Underwriting the Deal
(27:07) Financing Strategy
(34:34) Exit Strategy and Cap Rates
(38:38) Market Dynamics
(39:54) Q+A
Links to PodcastInterested in learning more about Narrate?
Schedule a call with our team here
Visit Narrate Holdings Website
Check out our other Narrate podcasts:
Episode 499: How this Developer’s Creative Debt Financing Strategy Helps Them Stand Out w/ Adam Fenton
Episode 501: Real Estate Development from Concept to Reality | Deal Analysis
Episode 541: The $31M Solution for the Forgotten Middle: Affordable Workforce Housing
Who is Narrate Holdings?Narrate is a Denver-based firm specializing in the investment and development of urban-infill multifamily and mixed-use real estate in major metropolitan markets throughout the Western U.S. They ensure that each project, created to collaborate community, culture, and commerce, delivers enduring value to its local environment.
Narrate’s portfolio includes a diversified mix of ground-up development, existing value-add, and adaptive reuse properties. Our investment thesis relies on patience and discipline, focusing exclusively on well-located but underperforming assets that offer immediate value creation and long-term stability.
Disclaimer: This podcast provides educational and informational content only. It does not constitute personalized financial, legal, or tax advice.
Planning to build or renovate in Denver? This eye-opening episode follows Paul and Valerie DeSalvo’s journey of transforming a 1902 Victorian home and adding an ADU in Berkeley Highlands. Their experience reveals the surprising complexity and escalating costs of development in Denver’s current regulatory environment.
Join us as we dissect how their initial $1 million budget faces significant challenges before construction even begins, with permit fees and regulations creating unexpected hurdles for even experienced investors.
Key insights from this episode:
- Why permit fees for a single ADU project can exceed $12,600 for sewer use alone
- How Denver’s new affordable housing fees can add $20,000+ to renovation costs
- The reality of permitting timelines: why “4-6 months” often becomes 8+ months
- Understanding the true cost of professional services: architects, engineers, and expediters
- Critical lessons about asbestos mitigation in century-old homes
For investors and homeowners considering development projects in Denver, this real-world story provides crucial insights into budget planning and timeline management. Learn from their experience to better prepare for your next building project.
https://youtu.be/Ktj3QFouX-UTimestamps(00:00) Intro
(02:16) Acquisition and Plan for the Property
(12:30) Budgeting and Finding the Right Contractor
(23:44) The Role of the Expediter (Permits and Timeline)
(32:10) Understanding Permit Costs and Fees
(35:42) The Affordable Housing Fee Surprise
(41:00) Dealing with Asbestos and Unexpected Costs
(43:16) Lessons Learned from the Project
Links from Podcast* Learn more about Fire on FIRE: fireonfire.org * Follow Fire on FIRE’s latest updates on Instagram: @fireonfireinvesting * Reach out to Paul DeSalvo and Jamin Cook: fireonfireinvesting@gmail.com
Check out our other Fire on Fire Podcasts#546: How To Finance Your Next Denver House Hack Investment
535: Why ‘Boring’ Wealth Building Actually Works | A Financial Expert Explains
529: From Injured Firefighter to Financial Independence (And How You Can Do It Too)
479: First Responder to Financial Freedom Paul DeSalvo’s Mission to Help Others Achieve Financial Freedom
Can you still make house hacking work with 6%+ interest rates?
Join us as we analyze a recent Denver duplex purchase that proves it’s possible. We break down how a 28-year-old professional transformed his $2,800 Seattle rental payment into an investment opportunity in Arvada, using creative financing and Section 8 strategies.
Through this real-world case study with Jeff White from Envision Advisors and Troy Howell from Nova Home Loans, discover how a $655,000 side-by-side duplex became an affordable stepping stone to real estate investing with just $35,000 down.
Key insights from this episode:
- How to acquire a duplex with only 5% down while securing $18,000 in seller credits
- Using Section 8 rental rates of $2,874 per unit to maximize cash flow
- Strategic options for living arrangements: solo vs roommate scenarios
- Why proper tenant screening and property optimization matter more than interest rates
- Building long-term wealth through forced savings and principal reduction
For both first-time buyers and seasoned investors, this episode demonstrates practical strategies for making high interest rates work in your favor. Learn how to structure deals that reduce living expenses while building long-term wealth.
Ready to explore house hacking opportunities? Join our monthly meetups or schedule a strategy session to analyze deals that fit your goals.
https://youtu.be/IW3EvBR8pGA Timestamps(00:00) Intro
(03:45) Property Overview and Deal Structure
(07:45) Analyzing Cash Flow and Living Costs
(13:06) Exploring Roommate Options and Cash Flow Strategies
(18:22) Final Thoughts and Key Takeaways
Links from PodcastNova Home Loans: https://troyhowell.novahomeloans.com
Troy’s House Hacking Spreadsheet ➡️ https://bit.ly/househackspreadsheet
Connect with our Guests:Email Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
Email Jeff White: jeff@envisionrea.com
- LinkedIn: Jeff White
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Looking for the next hot investment opportunity in Denver’s real estate market?
Denver Real Estate Investing Podcast Host Chris Lopez sat down with a panel of Colorado real estate experts including Brandon Scholten from Keyrenter Property Management Denver, and lender Troy Howell from Nova Home Loans. They analyzed December 2024 data to reveal emerging trends and market shifts that savvy investors should watch in 2025. While overall inventory levels have seen the sharpest seasonal decline in recent years, a significant disparity has emerged between single-family homes and condos.
Key insights from this episode:
- Single-family home prices rose 4% while condo values declined 2-6% year-over-year
- Rental rates show similar trends: houses down 1%, but condos/apartments down 11%
- Small multifamily properties (2-4 units) present compelling opportunities, especially with Section 8 tenants
- Medium-term rental conversions gaining traction as investors adapt to changing market conditions
- Why portfolio liquidation requires different strategies in today’s segmented market
If you’re considering a condo investment at a discount or exploring small multifamily opportunities, this market update provides actionable insights for navigating Denver’s evolving real estate landscape. Learn how experienced investors are adapting their strategies to find value in specific market segments.
https://youtu.be/50pA8aDEus8 Timestamps(01:38) Market Overview and Trends for 2024
(05:46) Disparity Between Homes and Condos
(08:01) Rental Market Dynamics
(12:28) Case Study: Condo Portfolio
(23:54) Medium-Term Rental Conversions
Links from PodcastKeyrenter Property Management Denver: https://keyrenterdenver.com/
Nova Home Loans: https://troyhowell.novahomeloans.com
Colorado Springs Apartments Offer Concessions of Up to Two Months of Free Rent
DTC Office Conversion, Nine Other Colorado Housing Projects Awarded Tax Credits
Connect with our Guests:Email Brandon Scholten: brandon@keyrenterdenver.com
Email Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Denver December 2024 Real Estate Market Updates
- Colorado Springs & Pueblo December 2024 Real Estate Market Updates
Who is Keyrenter?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Want to break into Denver real estate investing without a massive down payment? In this Fire on FIRE episode, firefighters-turned-mortgage experts Corey Sutton and Dan Janniksen reveal how first responders and other professionals can start building wealth through strategic house hacking.
Using a real-world example in Littleton, discover how you can acquire a $600,000 property with just 0-5% down and offset the monthly payments through smart house hacking strategies. Learn why working with experienced local lenders makes a crucial difference in your investment journey.
Key insights from this episode:
- How to evaluate primary residence loan options from VA to conventional financing
- Understanding the true costs behind mortgage rates and avoiding common fee surprises
- Why local expertise matters more than national lenders offering slightly lower rates
- Building your investment team of real estate professionals for long-term success
- Strategic planning tips for growing from one property to multiple investments
Whether you’re looking to purchase your first property or add to your portfolio, this episode provides practical guidance on financing options and wealth-building strategies. Learn how to make smart investment decisions while avoiding costly mistakes in today’s market.
https://youtu.be/5NkBh4tanfsTimestamps(00:00) Intro
(08:36) Understanding House Hacking
(18:53) Primary Residence Loans vs. Investment Loans
(23:02) Choosing the Right Mortgage Broker
(35:00) Understanding Loan Estimates and Fees
(51:01) Strategies for Building a Property Portfolio
Links from Podcast* Learn more about Fire on FIRE: fireonfire.org * Follow Fire on FIRE’s latest updates on Instagram: @fireonfireinvesting * Reach out to Paul DeSalvo and Jamin Cook: fireonfireinvesting@gmail.com * Learn more about US Mortgage Solutions: usmortgagenow.com * Follow US Mortgage Solutions’ latest updates on Facebook: US Mortgage Solutions * Reach out to Dan Janniksen: danj@usmortgagenow.com * Reach out to Corey Sutton: coreys@usmortgagenow.com
Check out our other Fire on Fire Podcasts#535: Why ‘Boring’ Wealth Building Actually Works | A Financial Expert Explains
529: From Injured Firefighter to Financial Independence (And How You Can Do It Too)
479: First Responder to Financial Freedom Paul DeSalvo’s Mission to Help Others Achieve Financial Freedom
Looking for stronger cash flow in today’s high-price, high-rate market? Join us as PadSplit founder Atticus LeBlanc and Account Manager Nick Bowers introduce their proven rent by room rental management system to Denver that typically doubles NOI compared to traditional single-family rentals.
We analyze a real Westminster property that was converted from 5 to 8 bedrooms, generating $76,000 in annual income and an 11.6% cap rate through self-management. Then discover how PadSplit’s professional management platform can deliver similar returns without the hands-on work.
In this data-driven discussion, Atticus shares how PadSplit evolved from managing rent by room rentals in Atlanta to now overseeing 16,000 units across 21 markets. You’ll discover why rent by room properties often have lower maintenance costs than traditional rentals, with median vacancies of just 8 days and average turn costs under $100.
Nick walks through his journey from PadSplit investor to team member, providing practical insights on:
- Converting existing properties for maximum returns
- Working with PadSplit’s network of local vendors
- Managing rent by room properties efficiently through their platform
- Creating housing that serves both investors and residents
Perfect for busy professionals interested in scaling their portfolios, this episode breaks down how PadSplit handles the complex aspects of rent by room management – from marketing to payment processing to resident screening – while helping investors achieve strong returns without self-managing.
Whether you’re an experienced investor looking to optimize returns or a house hacker exploring ways to maximize your primary residence, learn how PadSplit’s proven model can help you better manage rent by room rentals in the Denver market while maintaining professional distance.
https://youtu.be/uo8A_yvFIT4Timestamps(02:41) The Birth of PadSplit and Its Mission
(11:31) The Value Proposition of PadSplit for Investors
(18:13) Nick’s Journey as an Investor and Transition to PadSplit
(21:29) Room-by-Room Rental Best Practices
(41:56) Analyzing Room-by-Room Rental Economics
(58:39) The Social Impact of Housing Solutions
Links from Podcast* Explore PadSplit’s management platform: padsplit.com * Follow PadSplit’s latest updates on Instagram: @padsplit * Connect with PadSplit on LinkedIn: linkedin.com/company/padsplit * Connect with Atticus LeBlanc: linkedin.com/in/atticus-leblanc-3960466 * Connect with Nick Bowers: linkedin.com/in/nicolasbowers
Who is Padsplit?PadSplit is a room-by-room rental platform founded in 2018 that helps property owners convert single-family homes into profitable shared living spaces. Operating across 21 major U.S. markets with 16,000 units, the company manages key aspects like marketing, tenant screening, and payment processing while providing members with benefits including credit reporting and telemedicine. PadSplit aims to address the affordable housing crisis while delivering strong returns for property owners, typically achieving twice the NOI of traditional single-family rentals.
After two years of market shifts and strategic pivots, Chris Lopez shares how his real estate companies adapted and thrived in 2024. Through the lens of “you reap what you sow,” discover how planting seeds during challenging times led to breakthrough growth across multiple businesses.
From evolving Envision Advisors’ service model to scaling Property Llama to over 5,000 investors, learn how focusing on client needs drove innovation and expansion. Plus, get an inside look at the launch of Property Llama Capital and Curtis Street Media’s emergence as a specialized real estate marketing firm.
Key insights from this episode:
- Why shifting from a vertically integrated model to a referral network better served Colorado investors
- How Property Llama transformed from analysis software to a comprehensive investment marketplace
- The strategic expansion into passive investment opportunities through Property Llama Capital
- Building specialized marketing services for real estate businesses through Curtis St. Media
- The importance of focusing on “who, not how” when scaling multiple businesses
Whether you’re a solo entrepreneur or managing multiple businesses, this annual review provides valuable perspectives on adapting to market changes while maintaining growth. Learn how strategic shifts and team building can position your business for long-term success.
https://www.youtube.com/watch?v=PSb0KHsHU7ATimestamps(03:35) Envision Advisors: A New Direction
(05:20) Property Llama: Optimizing Investor Portfolios
(08:16) Property Llama Capital: Connecting Investors with Quality Deals
(10:21) Curtis Street Media: Growth and Evolution
(12:57) Key Themes for Entrepreneurial Success
(15:25) Community Engagement and Future Events
Links from PodcastVisit Property Llama to set up a free account today!
Agents: Grow Your Investment Property Business
Are you a Colorado real estate agent with expertise in investment properties? We’re expanding our referral network. Email Katie@envisionrea.com to learn about joining our trusted network of investor-focused agents.
Ready to simplify your portfolio? Property Llama Capital can help you access institutional-grade opportunities- from value-add multifamily projects to ground-up developments and private lending funds.
Looking for help scaling your real estate business? Built by real estate investors, for real estate investors. Curtis St. Media creates marketing that drives growth for investment firms, funds, and brokerages through powerful content, proven marketing funnels, scalable tech, and revenue-focused strategies. Email hello@curtisst.media to learn more about how we can help your real estate business grow.
Want to invest in larger real estate projects without the daily management hassles? In this workshop-style episode, Chris Lopez and Paige Kehoe break down how private equity real estate investing works, exploring four distinct investment opportunities in today’s market.
Through real-world examples, we examine successful deals including a 34-unit value-add apartment renovation in North Denver, a ground-up development project in Wash Park, and a unique land deal in the prestigious Southmoor Park neighborhood. Plus, discover how private lending funds can generate consistent cash flow without direct property management.
Key insights from this episode:
- Understanding the roles and relationships between general partners (GPs) and limited partners (LPs)
- How preferred returns and profit splits align investor interests for maximum returns
- Ways to evaluate deal sponsors and perform effective due diligence
- Different investment options from active renovations to passive debt funds
- Risk management strategies through diversification across markets and investment types
Learn how experienced investors are building wealth through partnerships and larger deals in today’s challenging market. Whether you’re looking to invest $50,000 or $500,000, this episode provides practical guidance for entering the world of real estate private equity.
Join us for examples of actual investor returns, risk management strategies, and steps to get started with your first syndication investment. Watch the full episode to learn how you can participate in institutional-quality real estate deals while maintaining your current career or lifestyle.
https://youtu.be/gBwz8vzFMBETimestamps(00:00) Intro
(02:25) The Basics of Investing in Private Equity
(18:58) Step by Step Investment Process
(34:15) What’s Working in Today’s Market
(40:52) Multifamily Value Add Deal Example
(51:44) Covered Land Play Multifamily Development
(1:01:22) Land Entitlement and Development Opportunity
(1:05:25) Private Money Debt Funds
Links from PodcastReady to put these private equity investment strategies to work? Property Llama Capital can help you access institutional-grade opportunities similar to the ones discussed – from value-add multifamily projects to ground-up developments and private lending funds. Whether you’re looking to invest $50,000 or $500,000, our team can guide you through the process of participating in larger real estate deals without the daily management responsibilities.
Want to know why Denver’s housing market just saw its biggest monthly drop in new listings this year? November brought a shocking 41% plunge in Denver’s housing inventory, while Colorado Springs wasn’t far behind with a 36% decrease. But the real story isn’t just about vanishing listings.
Denver Real Estate Investing Podcast Host Chris Lopez sat down with a panel of Colorado real estate experts including Brandon Scholten from Keyrenter Property Management Denver, lender Troy Howell from Nova Home Loans, broker Jeff White, and Colorado Springs expert Jenny Bayless. Together they uncovered some surprising trends that paint a clearer picture of what’s really happening in our market.
Their findings? While home prices in Denver climbed nearly 5% to $706,000, the rental market is showing concerning signs. Property managers are reporting unprecedented increases in late payments, rising lease breaks, and some properties requiring 20% rent reductions to attract tenants. Even luxury apartment buildings are now offering up to two months of free rent to fill units.
But it’s not all doom and gloom. The panel revealed exciting developments like the first office-to-residential conversion project launching in Denver since the pandemic, with 10 similar projects awarded tax credits to create 1,169 new units across Colorado. Plus, they shared insider tips on winter buying opportunities and emerging strategies like medium-term rentals that savvy investors are using to optimize returns.
Join us for this in-depth market analysis as we explore what these trends mean for Colorado real estate investors heading into 2025. Our expert panel breaks down the latest data, shares real-world examples from their portfolios, and provides actionable insights for navigating today’s market conditions.
https://youtu.be/hhAhogkSJng⏰ Timecodes ⏰(01:40) Colorado Trends and Market Insights
(12:35) Medium-Term Rentals and Portfolio Analysis
(14:20) Softening Rents and Vacancy Rates
(28:14) Office to Residential Conversions
(32:00) Current Deals and Market Opportunities
(34:41) Optimizing Rental Portfolios
Links from PodcastKeyrenter Property Management Denver: https://keyrenterdenver.com/
Nova Home Loans: https://troyhowell.novahomeloans.com
Colorado Springs Apartments Offer Concessions of Up to Two Months of Free Rent
DTC Office Conversion, Nine Other Colorado Housing Projects Awarded Tax Credits
Connect with our Guests:Email Brandon Scholten: brandon@keyrenterdenver.com
Email Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
Email Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
Email Jenny Bayless: jenny@envisionrea.com
- Denver November 2024 Real Estate Market Updates
- Colorado Springs & Pueblo November 2024 Real Estate Market Updates
Who is Keyrenter?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Want to learn how to turn a $5/sq ft land deal into a lucrative workforce housing development?
In this episode, Chris Lopez sits down with Adam Fenton of Narrate Holdings to dive deep into a 120-unit ground-up development project in Northern Colorado Springs. Adam reveals how they acquired prime land near a rapidly growing university for a fraction of typical multifamily costs, setting the stage for impressive returns.
Key highlights:
- How they’re targeting the underserved “forgotten middle” with high-quality workforce housing
- The clever architectural choices saved millions in construction costs
- Securing game-changing 40-year fixed rate HUD financing in today’s challenging market
- Projected 7.5% cash-on-cash returns and mid-20s IRR
Adam breaks down the full pro forma, sharing invaluable insights on unit mix, income projections, operating expenses, and exit strategies. Whether you’re a seasoned developer or just getting started, this episode offers a masterclass in identifying opportunities and executing profitable multifamily projects in any market conditions.
Don’t miss this inside look at a deal poised to deliver both strong investor returns and much-needed housing for working families!
https://youtu.be/6Vnju3xhSg0Timestamps(01:13) Location and Business Plan of the Development
(03:28) Acquiring the Land and Financing the Project
(07:24) Architectural Design and Unit Mix
(12:19) Analyzing Costs and Projected Returns
(23:40) Workforce Development Project Exit
Links to PodcastInterested in learning more about Narrate?
Schedule a call with our team here
Visit Narrate Holdings Website
Check out our other Narrate podcasts:
Episode 499: How this Developer’s Creative Debt Financing Strategy Helps Them Stand Out w/ Adam Fenton
Episode 501: Real Estate Development from Concept to Reality | Deal Analysis
Who is Narrate Holdings?Narrate is a Denver-based firm specializing in the investment and development of urban-infill multifamily and mixed-use real estate in major metropolitan markets throughout the Western U.S. They ensure that each project, created to collaborate community, culture, and commerce, delivers enduring value to its local environment.
Narrate’s portfolio includes a diversified mix of ground-up development, existing value-add, and adaptive reuse properties. Our investment thesis relies on patience and discipline, focusing exclusively on well-located but underperforming assets that offer immediate value creation and long-term stability.
Disclaimer: This podcast provides educational and informational content only. It does not constitute personalized financial, legal, or tax advice.
After years of active real estate investing in Denver, I’ve shifted my focus to passive real estate investing strategies for 2025. Here’s why I made this change and how I’m positioning my portfolio for the year ahead.
https://youtu.be/g9QTpeyVQPMMy Journey to Passive Real Estate InvestingWhen I started investing, I focused on direct property ownership. But market changes pushed me to explore passive real estate investing strategies that could work better in today’s environment. Here’s how I transformed my approach in 2024.
First, I sold two Aurora rental properties with sub-4% interest rates. Instead of managing these properties, I deployed $250,000 into three passive real estate investments:
- A multifamily value-add fund (now over 800 units across Colorado and Iowa)
- A private debt fund focusing on Kansas and other Midwest markets
- A 54-unit single-family home development in Arvada
The results validated my shift toward passive real estate investing strategies. I’m seeing better returns with significantly less administrative work.
Building a Passive Portfolio for 2025My passive real estate investing strategy for 2025 focuses on three main areas:
- Diversification: I’m spreading investments across:
- Multiple markets beyond Denver
- Various experienced operators with established teams
- Different positions in the capital stack
- Tax-Advantaged Opportunities: I’ve rolled my traditional IRA into a solo 401(k) to access more passive real estate investments. For 2025, I’m exploring qualified opportunity zones in Colorado Springs for additional tax benefits.
- Passive Income Streams: I’m increasing my allocation to:
- Value-add multifamily funds
- Ground-up construction projects
- Real estate debt funds offering double-digit cash-on-cash returns
Why Passive Real Estate Investing Makes Sense in 2025The real estate market has evolved. As a solo investor, finding profitable deals takes more time and effort than ever. That’s why my passive real estate investing strategies for 2025 emphasize:
- Professional Management: Working with established operators who handle day-to-day operations
- Scale: Accessing larger deals that typically perform better than smaller properties
- Diversification: Spreading risk across multiple investments and markets
- Time Freedom: Focusing on my family and business while my investments work for me
Implementing Your Own Passive Real Estate StrategyIf you’re considering passive real estate investing strategies for 2025, start by:
- Evaluating your current portfolio’s performance
- Understanding your time constraints and goals
- Researching different passive investment options
- Building relationships with experienced operators
- Creating a diversification plan that matches your risk tolerance
Want to dive deeper into passive real estate investing strategies? I’m hosting a free Portfolio Analysis Mastermind starting January 8th. We’ll explore seven different investment approaches for 2025, including several passive strategies that can help you build wealth while minimizing your time investment.
Remember, the best passive real estate investing strategy depends on your personal situation. While these approaches work for me, take time to analyze your goals and risk tolerance before making any investment decisions.
I’ve found that passive real estate investing strategies offer the best balance of returns and lifestyle flexibility in today’s market. As we move into 2025, I’m excited to continue growing my passive portfolio while helping others discover the benefits of this investment approach.
Key insights from this episode* Why return on equity matters more than holding onto low interest rates * How to achieve true diversification across geography, sponsors, and investment types * The power of transitioning from active landlord to passive investor through strategic partnerships * Why multifamily value-add projects and debt funds are attractive in the current market
Want to learn more about transforming your real estate portfolio? If you’re looking to simplify your investments or scale through partnerships, this episode provides practical insights to help you make informed decisions in today’s market.
Timestamps(00:59) 2024 Goals Review and Investment Strategy
(05:59) Diversification: A Key to Stability
(09:12) The Importance of Portfolio Analysis
(10:51) 2025 Goals and Future Strategies
(13:35) Embracing Partnerships in Investing
Portfolio Analysis MastermindJoin our free Portfolio Analysis Mastermind starting January 8th to evaluate your own investment strategy. We’ll explore seven different investment approaches – from active rentals to tax-advantaged opportunities – helping you optimize your portfolio for 2025 and beyond.
- Get a clear snapshot of market conditions affecting your investments
See how your portfolio stacks up in today’s environment - Learn the key metrics that matter for 2025 planning
- Discover which properties are helping (or hurting) your returns
Register for our Portfolio Analysis Mastermind through this link!
How Red River Salvaged a Challenging Real Estate DealWhen Red River Development’s planned build-to-rent project faced strong community opposition, their response demonstrated how careful planning and multiple contingencies can transform potential losses into gains. Their experience handling this real estate deal pivot provides valuable insights for developers and investors navigating similar challenges.
Project OutcomesRed River Development originally purchased the land for $3.2M with plans for a 200-unit build-to-rent community, but after encountering significant local resistance, they successfully sold the property for $4.5M to another developer who had different plans for the site.
How Red River Salvaged a Failed Real Estate DealRather than accepting a loss when their initial development plans weren’t feasible, Red River Development implemented a comprehensive recovery strategy that focused on identifying alternative exit options while protecting their investors’ capital throughout the challenging entitlement process.
Key Development LessonsThe project revealed that successful developers must secure necessary approvals before making major investments, maintain strong capital reserves during uncertain phases, and always prepare multiple exit strategies before acquiring property, especially in markets where community sentiment can significantly impact development plans.
Risk Management MethodsRed River Development’s approach to saving a challenging deal relies on a combination of thorough due diligence, carefully structured maximum price contracts, strategic use of internal funding for the riskiest development phases, and maintaining several viable backup plans throughout the development process.
This case study examines practical approaches to recovering from development challenges while protecting investor capital, offering valuable insights for real estate professionals who want to better understand how to manage risk and navigate unexpected obstacles in their own projects.
The discussion includes detailed analysis of site evaluation methods, deal structuring strategies, and capital preservation techniques that can help developers maintain profitability even when their original plans require significant modification.
Timestamps(00:56) Navigating Challenges in Real Estate Deals
(06:14) Lessons Learned from a Difficult Project
(10:22) Risk Mitigation Strategies in Real Estate Investment
Links in PodcastInterested in learning more about Red River Development?
Schedule a call with our team here!
Check out our other Red River Development podcasts:#520: Inside the Making of a $30M Build-to-Rent Community
516: The Rise of Build-to-Rent and Why Investors Should Take Note
524:How Build-to-Rent is Transforming Residential Real Estate
Who is Red River Development?Red River Development is a vertically integrated real estate development company with a focus on developing and operating class-A build-for-rent residential communities under the management brand: Trulo Homes. A unique and growing space in the housing market, luxury rental communities provide the comfort and privacy of single-family homes with the convenience and amenities of high-end multifamily rentals. Red River Development sees extensive market opportunity in the Build-To-Rent (BTR) space throughout the Southern and Midwest U.S. with a substantial pipeline of developments planned to break ground later in 2024 and beyond. Red River Development is headquartered in Dallas, TX with a second office in Tulsa, OK.
Disclaimer: This podcast provides educational and informational content only. It does not constitute personalized financial, legal, or tax advice.
How can you turn a $525k triplex into your next house hack and maximize returns with Section 8 tenants? In this episode, we break down how an experienced investor spotted and acquired his 8th house hack triplex in the Denver market with Section 8 tenants. Join us as we sit down with the House Hacking expert Jeff White, Agent Jennifer Reinhardt, and Lender Troy Howell to examine how this deal came together using Fannie Mae’s 5% down program.
https://youtu.be/WxtAdxLMpuEKey insights from this episode:
- Side-by-side triplex strategy in Southwest Denver with Section 8 rents exceeding market rates by 50%
- Using Fannie Mae’s 5% down program while optimizing tax strategies for maximum loan qualification
- Understanding Denver’s C-class property opportunities amid rising operating costs and new regulations
- Building relationships and structuring win-win deals between active investors and sellers seeking passive income
Whether you’re an experienced investor or just getting started, this real-world deal analysis offers practical insights for finding and financing your next multifamily property. Learn how to spot opportunities, navigate complex financing, and create win-win transactions in today’s market.
Timestamps(02:35) How to Actually Find a Deal
(08:42) Navigating Financing and Tax Strategies
(21:17) Investment Plan and Market Analysis
(30:31) The 1031 Exchange and Future Investments
Links from PodcastNova Home Loans: https://troyhowell.novahomeloans.com
Atlas Real Estate: https://ambitionpropertyinvestments.com
Email Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
Email Jeff White: jeff@envisionrea.com
- LinkedIn: Jeff White
Email Jennifer Reinhardt: jennifer@realatlas.com
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Denver Fourplex That Creates $3K Monthly Cashflow: A House Hack Case StudyIs it still possible to house hack in Denver’s competitive market? Chris Lopez, Troy Howell of Nova Home Loans, and house hacking specialist Jeff White say yes. They recently broke down how one investor turned $40,000 into both free housing and $3,000 monthly cashflow using a fourplex strategy. Here’s how they did it.
https://youtu.be/cUwAv-v3-sEThe Deal Structure* Purchase price: $690,000 * Down payment: 5% ($34,500) * Total cash needed: Under $40,000 * Seller credit: $25,000 for closing costs and repairs
The property, a brick fourplex near City Park, includes three one-bedroom units and one studio. Originally listed at $900,000, an inherited estate situation led to a dramatic price drop to $635,000. Jeff White, who helped find and analyze the deal, notes that daily market monitoring was key to catching this opportunity when the price dropped by $200,000 in a single day.
Making The Numbers WorkWhile living in the property:
- Total rental income: $4,500/month
- Monthly expenses: $3,540
- Owner’s housing cost: $960/month
After moving out and optimizing all units:
- Total rental income: $8,408/month
- Monthly cashflow after expenses: Nearly $3,000
The Section 8 StrategyTroy Howell points out that current Denver Section 8 rates offer $2,147 for one-bedroom units—significantly above market rates. This approach provides guaranteed, recession-resistant income while only requiring a few extra hours of paperwork. Rather than rushing to fill vacancies with market-rate tenants, the owner lives in the smallest unit while gradually converting the other units to Section 8 as leases expire.
Smart Management Decisions
The property came with inherited tenants paying below-market rents, providing immediate cash flow while allowing for gradual optimization. Jeff White emphasizes the importance of professional screening standards and setting clear expectations with existing tenants. The Section 8 program provides additional security by covering 100% of rent if tenants lose income.
Keys to Success:
- Daily market monitoring to find the right deal
- Professional tenant screening process
- Understanding Section 8 requirements
- Patience with inherited tenants
The Power of House HackingThis Denver fourplex demonstrates how house hacking can accelerate wealth building through multiple channels. Chris Lopez highlights that while living nearly free, the owner builds equity through property appreciation and positions themselves for significant future cashflow. The combination of house hacking, Section 8 rentals, and low down payment financing made this possible even in today’s challenging market.
Looking ForwardThis case study proves that with creativity and patience, investors can still find Denver properties that generate substantial monthly cashflow while building long-term wealth. Want to learn how you could replicate this success? Join Troy, and Jeff at their monthly Denver house hacking meetups where they analyze deals like this and connect with other local investors. Your path to generating $3,000 in monthly cashflow might be closer than you think.
Timestamps(02:04) Case Study Overview: The Denver Fourplex
(12:37) Challenges and Solutions in House Hacking
(26:05) Understanding Loan Structures and PMI
(29:32) How to Maximize Rental Income
(40:50) Pros and Cons: Inherited and Section 8 Tenants
Links from PodcastNova Home Loans: https://troyhowell.novahomeloans.com
Email Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
Email Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Have Denver rents really dropped 7.5% since last year? Brandon Scholten, who manages 1,100 rental units across Denver, reveals why this dramatic shift is happening and which properties are being hit hardest in today’s changing market.
Making the data even more compelling: While Denver sees significant declines, Colorado Springs rents remain flat year-over-year, pointing to unique market dynamics in each city. Two-bedroom, one-bathroom units are performing worse than ever before, while Class A apartments offer multiple months of free rent to attract tenants. This ripple effect is impacting smaller landlords and creating new challenges for property owners.
Host Chris Lopez leads a dynamic discussion with Denver’s top real estate experts, including Brandon Scholten, who manages over 1,100 rental units with Keyrenter. Joining them is Troy Howell, residential lender from Nova Home Loans who breaks down current rate trends, along with House Hacking Expert Jeff White, who shares strategies from his latest successful deals. Together, they analyze market shifts and provide practical solutions for investors.
Learn valuable insights about:
- The exact property types seeing the steepest rent declines and why
- How to adjust your rental strategy during slow seasons with proven techniques
- Why Colorado Springs is outperforming Denver right now and what it means for investors
- A real-world case study of an Arvada duplex purchase showing how to find deals in any market
- Steps to protect your portfolio from rent decreases
- Understanding how new Class A apartment construction affects existing rental properties
- Strategies for competing with large apartment complexes offering significant concessions
- How changing interest rates impact investment opportunities
For Denver real estate investors watching rents decline, this episode provides the market clarity and actionable strategies you need to protect your portfolio and find new opportunities. Whether you’re a seasoned investor or just starting out, you’ll gain practical insights to help navigate Denver’s evolving rental market.
https://youtu.be/LPtivd3ta8QTimestamps(01:57) Market Overview and Rental Trends
(14:01) Mortgage Rates and Market Predictions
(24:26) Successful Duplex House Hack Deal
Links from PodcastKeyrenter Property Management Denver: https://keyrenterdenver.com/
Nova Home Loans: https://troyhowell.novahomeloans.com
Connect with our Guests:Email Brandon Scholten: brandon@keyrenterdenver.com
Email Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
Email Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
Email Jenny Bayless: jenny@envisionrea.com
- Denver October 2024 Real Estate Market Updates
- Colorado Springs & Pueblo October 2024 Real Estate Market Updates
Who is Keyrenter Property Management Denver?Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
In this episode of Fire on FIRE investing, former fire operations chief turned financial advisor Jon Adams joins Chris Lopez and co-hosts Paul DeSalvo and Jamin Cook to explore why “boring” wealth building strategies consistently outperform flashy investment trends.
Drawing from his journey from firefighter to financial advisor, Adams shares candid insights about building lasting wealth through steady, proven methods rather than chasing quick returns. His transition gives him a unique perspective on helping others create financial security while there’s still time to enjoy it.
Along with hosts Paul (a retired firefighter and real estate investor) and Jamin (an active firefighter and licensed realtor), Adams dives into:
- Why consistent monthly investments beat trying to time the market
- Smart strategies to maximize retirement and health savings accounts
- The surprising math behind lifestyle choices: how Adams’ $30,000 truck actually cost him $100,000 in lost investment returns
- Tax-efficient investing approaches that can transform your retirement outlook
- Essential estate planning steps that many investors overlook
This conversation cuts through the noise of trendy investment tips and market timing schemes to reveal how “boring” wealth building – through steady investing, tax optimization, and patient compound growth – creates lasting financial security.
Perfect for anyone who wants to build real wealth without unnecessary risks, regardless of their profession. Learn why the slow-and-steady approach, while not exciting, has helped countless investors achieve their financial goals.
https://youtu.be/obheoXbWSbgTimestamps(05:25) Importance of Early Retirement Planning
(15:00) The Necessity of Estate Planning and Life Insurance
(32:44) Real Estate as a Retirement Strategy
(44:40) Understanding Risk Management
(59:40) Retirement Accounts and Their Benefits
Links in PodcastDie with Zero by Bill Perkins
Learn more about Fire on FIRE
Contact Jon Adams
Email: ja@aveocapital.com
Phone: 303-552-0945
Reach out to Paul DeSalvo and Jamin Cook
Email: fireonfireinvesting@gmail.com
Instagram: @fireonfireinvesting
Check out our other Fire on Fire Podcasts#529: From Injured Firefighter to Financial Independence (And How You Can Do It Too)
479: First Responder to Financial Freedom Paul DeSalvo’s Mission to Help Others Achieve Financial Freedom
Is the popular BRRRR strategy still viable in Denver’s market? Kevin Amolsch, Pine Financial Group’s founder and bestselling author, reveals why only 10% of their current loans are BRRRR deals – down significantly from previous years.
Why the BRRRR Strategy is Declining in DenverKevin shares invaluable insights from processing nearly a billion dollars in loans over 16 years, showing a dramatic shift away from the once-popular BRRRR strategy. With changing market conditions and rising costs, investors are finding it increasingly difficult to execute this strategy effectively in Colorado’s competitive market.
Current Market Trends Replacing BRRRR Strategy* Why many investors are shifting away from the BRRRR strategy and exploring commercial real estate opportunities * Current market dynamics showing why residential property appreciation may stay flat * How successful investors are adapting their portfolios in response to changing conditions * Real examples of deals working in today’s market, including a 7.2% cap rate office building bought below replacement cost
What’s Working When BRRRR Isn’t an OptionAs Denver’s real estate landscape evolves, learn why traditional strategies like BRRRR may need rethinking and what alternative approaches seasoned investors are using to maintain strong returns. Kevin highlights emerging opportunities in commercial real estate and explains why some investors are moving toward syndications and private lending for better cash flow.
Market Data Shows Why BRRRR Strategy Needs UpdatingPine Financial’s loan portfolio reveals telling trends about what’s working in today’s market:
- Extended loan terms due to longer marketing periods
- Shift toward fix-and-flip over BRRRR deals
- Increased focus on commercial opportunities
- Growing interest in private lending as an alternative
Whether you’re a new investor wondering if BRRRR is still viable, or an experienced owner looking to optimize your portfolio, this data-driven discussion provides practical insights for navigating today’s market challenges.
Want to learn more? Join the Investor Success Summit on November 9th – Colorado’s largest real estate investing conference. Meet Kevin and other industry experts, including BiggerPockets CEO Scott Trench. Get your tickets at DenverISS.com.
https://youtu.be/PjTKqqgTODcTimestamps(04:50) Current Trends in Commercial and Residential Lending
(07:00) The BRRRR Strategy Today
(11:54) Challenges in the Current Real Estate Market
(18:20) Foreclosure Rates and Lending Practices
(23:04) Investment Strategies and Opportunities for Cash Flow
(43:11) The Investor Success Summit Overview
Links in PodcastConnect with Kevin Amolsch
Email: kevin@pinefinancialgroup.com
LinkedIn: linkedin.com/in/kevinamolsch/
Visit Pine Financial Group
Interested in Attending the Investor Success Summit? Sign up here
For the first time since 2012, Denver’s housing inventory crossed over 11,000 units and reached 3.5 months of supply – signaling a shift toward a more balanced market. Join host Chris Lopez and local experts Jenny Bayless, Jeff White, and Troy Howell as they break down the latest September stats and trends across the Denver-Colorado Springs region.
Inside this episode:
- Why median home prices dropped 2.5% year-over-year in Denver (and what’s really driving this unexpected change)
- How one investor scored an $18,000 seller credit on a duplex purchase by using smart negotiation tactics in today’s market conditions
- A surprising 30% reduction in insurance costs on a large apartment complex reveals new opportunities
- Breaking news on downtown Colorado Springs’ 32% apartment vacancy rate and what it means for investors
Whether you’re planning to buy or sell, this data-packed episode gives you the local insights needed to make informed real estate decisions. Plus, discover why November and December historically offer the best opportunities for buyers in Colorado.
https://youtu.be/yubiHVEW9KMTimestamps(01:24) September Market Overview
(12:02) Interest Rates and Market Dynamics
(15:15) Duplex Deal and Tips for Buyers
(20:46) Colorado Springs Overbuilding Debate
(26:03) Insurance Costs and Trends
(34:40) Final Thoughts
Links from PodcastNova Home Loans: https://troyhowell.novahomeloans.com
Email Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
Email Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
Email Jenny Bayless: jenny@envisionrea.com
- Denver September 2024 Real Estate Market Updates
- Colorado Springs & Pueblo September 2024 Real Estate Market Updates
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Are you searching for a career path with rapid growth potential, diverse opportunities, and tangible rewards? Look no further than a career in Denver’s thriving property management industry. In our most recent episode of the Denver Real Estate Investing Podcast, host Chris Lopez explored the numerous advantages of building a career in this dynamic field.
The episode featured insights from three industry professionals:
- Regional Manager with over two decades of experience
- Assistant Manager who rapidly advanced in just five years
- Area Maintenance Manager with 15 years in the field
These guests from the Apartment Association of Metro Denver (AAMD) shared their journeys and unveiled the exciting opportunities within property management. Let’s dive into what makes this industry a hidden gem for career seekers.
Accessibility and Growth PotentialOne of the most attractive aspects of the property management industry is its accessibility. Unlike many fields that require specific degrees, property management welcomes individuals from all educational backgrounds. Whether you’re a recent high school graduate, a college student, or someone looking for a career change, there’s a place for you in this industry.
What’s more, the property management sector offers impressive growth potential. It’s not uncommon for dedicated professionals to advance from entry-level positions to management roles within just a few years. This rapid career progression is fueled by the industry’s growth and its commitment to developing talent from within.
Diverse Career Paths in Property ManagementThe property management industry offers a wide array of roles to suit different interests and skills:
- Leasing Consultants: Ideal for those who excel in customer service and enjoy sales.
- Maintenance Technicians: Perfect for hands-on problem solvers who like variety in their work.
- Property Managers: Great for individuals with leadership skills and business acumen.
- Marketing Specialists: Suited for creative minds who enjoy promoting properties and communities.
- Financial Analysts: For those who have a head for numbers and enjoy the business side of property management.
This diversity allows for lateral moves and career pivots, providing ample opportunities for professional growth and exploration.
Unbeatable BenefitsA career in property management comes with some unique and attractive perks:
- Rent Discounts: Many companies offer significant discounts (up to 40-50%) on rent for employees.
- On-the-Job Training: Gain valuable, transferable skills that serve you throughout your career and personal life.
- Paid Continuing Education: Companies often invest in your professional growth by covering the cost of certifications and training programs.
- Stability: The constant need for housing ensures a stable job market in this industry.
- Impact: Play a direct role in providing and maintaining homes for individuals and families in your community.
Skill Development and TransferabilityThe skills you develop with a career in property management are highly valuable and transferable. These include:
- Customer Service: Learn to work with diverse groups of people and handle various situations.
- Problem-Solving: Develop critical thinking skills to address maintenance issues and resident concerns.
- Business Operations: Gain insight into financial management, marketing, and operational efficiency.
- Leadership: As you progress, hone your ability to manage teams and projects effectively.
A Supportive Community Within the Property Management IndustryThe property management industry in Denver, supported by organizations like the AAMD, offers a strong sense of community. Regular events, networking opportunities, and professional development programs create an environment where you’re not just finding a job – you’re joining a professional family.
Ready to Jump Into a Property Management Career?Ready to dive into the exciting world of property management? The ProApartments Job Board, created by the AAMD, makes it easy to explore a wide range of positions in the apartment industry, from entry-level to executive roles.
Don’t let this opportunity pass you by. Visit the ProApartments Job Board today and take the first step towards a rewarding career in property management. With its accessibility, growth potential, diverse opportunities, and unique benefits, the property management industry in Denver could be the key to unlocking your professional future.
Remember, in property management, your potential for growth is limited only by your ambition. Why wait? Your dream job could be just a click away!
https://youtu.be/DhM4ofNxQMATimestamps(04:55) Transitioning from a Job to a Career in Property Management
(11:44) Skills and Growth Opportunities in Maintenance
(15:59) The People-Focused Nature of the Property Management Industry
(23:17) Why to Consider a Career in Property Management
(30:07) How to Find Property Management Jobs
(32:12) Advice for Aspiring Property Managers
(39:54) Unique Benefits of Property Management Careers
(48:15) Apprenticeship Opportunities
Links from PodcastPro Apartments Job Board: https://www.proapartments.com/
Connect with Katie Flood: kflood@bellpartnersinc.com
Connect with Bobby Pass: robert.pass@greystar.com
Connect with Bianey Gonzalez-Rodriguez: Notableasstmgr@zocalodevelopment.com
Interested in becoming a member of the Apartment Association of Metro Denver (AAMD)?
Connect with Christopher Dean: cdean@aamdhq.org
Is Denver Real Estate Still a Good Investment in 2025?High interest rates, skyrocketing prices, and new legislation have transformed the Denver real estate market. But don’t panic – savvy investors are still finding lucrative opportunities. In this episode, host Chris Lopez breaks down the strategies that are working in today’s challenging environment.
You’ll discover:
- Why buying a single-family rental might be a losing proposition in 2024
- The surprising property type that’s outperforming in the current market
- How to potentially double your cash flow with one simple tweak to your rental strategy
- The “2008-like” opportunity that most investors are completely overlooking
Chris shares data-driven insights from his experience guiding hundreds of Colorado investors, revealing which strategies are thriving and which are struggling in the new high-interest rate landscape.
Whether you’re a seasoned investor or just getting started, this episode provides the roadmap you need to navigate Denver’s evolving real estate market. Learn how to adjust your approach based on your available time, capital, and experience level.
Don’t miss this essential guide to investing in Denver real estate in 2024 and beyond. By the end of the episode, you’ll have a clear action plan tailored to your specific situation.
Ready to take your Denver real estate investing to the next level? Read the 2025 Investing Guide and schedule your complimentary strategy session today!
https://youtu.be/jbD7UlQ9l98Timestamps(03:35) Investment Strategies in the Current Market Cycle
(09:13) Finding the Right Investment for You
(13:43) Opportunities in Commercial Multifamily and Passive Investing
Links from Podcast2025 Denver Real Estate Investing Guide
Investment Strategy Consultation
A career-ending injury can derail a firefighter’s life in an instant. This eye-opening episode of the Denver Real Estate Investing Podcast features Paul DeSalvo and Jamin Cook, two firefighters who turned to real estate after facing potentially career-ending injuries. They reveal how smart property investments became their financial lifeline and share strategies to help fellow first responders secure their futures.
Paul and Jamin discuss how real estate provided them with a crucial fallback option when their firefighting careers were threatened. They break down three real-life scenarios showing how firefighters at different career stages can leverage real estate:
- A rookie using house hacking to build wealth early in their career
- A firefighter who inherited property and needed guidance on maximizing its value
- An experienced investor optimizing their portfolio for retirement
Discover how one firefighter is living rent-free by renting rooms to colleagues, and hear about another who sold a long-held rental, potentially saving tens of thousands in taxes. Learn about programs specifically designed to help first responders invest in real estate with minimal upfront costs.
Whether you’re just starting your career or nearing retirement, this episode offers valuable insights on using real estate to create a financial safety net. Don’t miss these crucial strategies for protecting your financial future in the face of job uncertainty.
https://youtu.be/JPJ-ft6OLYQ(01:59) The Birth of Fire on FIRE
(09:55) Navigating the Real Estate Market: Opportunities and Challenges
(16:59) Helping Firefighters Navigate Inherited Properties
(21:21) Firefighters as Landlords: Building and Managing Rental Portfolios
(27:18) Common Objections and Roadblocks in Real Estate Investing
Links from the PodcastEmail: fireonfireinvesting@gmail.com
Website: fireonfire.org
Instagram: @fireonfireinvesting
The August 2024 market stats for Denver and Southern Colorado are now out, and our roundtable is back to discuss what they mean. Check out the video to hear the latest trends, get updates on buyer activity, interest rates, and get the details on some of our latest deals. Whether you’re looking to buy, sell, or refinance, this is your playbook for navigating the market this fall!
https://youtu.be/uFUx2PFb0hg(01:20) Market Overview and Trends
(05:13) Interest Rates and Market Sentiment
(07:44) Buying Strategies for Quarter Four
(15:11) Deal: Colorado Springs 8-Plex
(20:36) Deal: Denver 4-Plex
(29:02) Commercial Multifamily Real Estate Insights
Links from PodcastNova Home Loans: https://troyhowell.novahomeloans.com
Email Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
Email Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Ever wondered what it takes to transform an empty lot into a thriving multifamily property? In this eye-opening episode, host Chris Lopez sits down with Adam Fenton of Narrate Holdings to unravel the complexities of land acquisition and development in Colorado’s competitive real estate market.
Adam shares his wealth of expertise on:
- Navigating the land-buying process from initial scouting to closing the deal
- Crucial due diligence steps that can make or break a project
- The critical importance of understanding zoning and historic designations
- How to assemble and leverage a team of experts for success
Discover why seemingly simple parcels can hide million-dollar pitfalls and learn how savvy developers mitigate risks. Whether you’re a seasoned investor or just curious about real estate development, this episode offers valuable insights into the intricate world of transforming raw land into profitable properties.
Don’t miss this deep dive into the first crucial steps of real estate development – it might just change how you view that vacant lot down the street!
https://youtu.be/CBApHR5GM7gTimestamps(02:46) How do you find land?
(08:31) You’ve found it, now what?
(17:05) Knowing what you can build
(21:53) Letter of Intent (LOI)
(25:03) Purchase and Sale Agreement
(34:11) Under Contract
(38:01) End of Due Diligence
(40:54) Path to Closing
Links to PodcastInterested in learning more about Narrate or investing in one of their projects?
Schedule a call with our team here
Visit Narrate Holdings Website
Adam Fenton LinkedIn
Check out our other Narrate podcasts:Episode 499: How this Developer’s Creative Debt Financing Strategy Helps Them Stand Out w/ Adam Fenton
Episode 501: Real Estate Development from Concept to Reality | Deal Analysis
Who is Narrate?Based in Denver, Narrate is a boutique private equity firm specializing in the investment and development of multifamily and mixed-use real estate projects as well as business ventures across the US. We are an experienced team of professionals focused on limiting downside risk while providing long-term, stable growth for investors. Our portfolio includes a diversified mix of ground-up development and existing value-add properties as well as high-margin scalable businesses. Our approach blends personalized attention with deep industry expertise, enabling us to identify and nurture opportunities that others may overlook.
Disclaimer: This podcast provides educational and informational content only. It does not constitute personalized financial, legal, or tax advice.
Could converting houses into senior living facilities be the most overlooked goldmine in real estate? In this eye-opening episode of the Denver Real Estate Investing Podcast, host Chris Lopez sits down with Mitch Conrad, a former high school teacher who transformed a personal family crisis into a thriving 23-location senior living empire.
Mitch’s journey from educator to real estate mogul is nothing short of extraordinary. He now oversees 400+ senior residents and nearly 300 employees, all stemming from an accidental foray into long-term real estate investing. You’ll hear the pivotal moment that led him to specialize in this unique and lucrative niche.
Prepare for some mind-blowing revelations:
- The unexpected advantages of residential senior care facilities during the COVID-19 pandemic
- How Mitch and his wife navigated the labyrinth of senior care regulations (including some inspection stories that will leave you in disbelief)
- Why converting single-family homes into senior care properties can potentially outperform traditional multifamily investing
Mitch offers a masterclass in scaling a real estate business, detailing his progression from small residential properties to commercial facilities. He shares priceless advice on:
- Identifying and dominating your real estate niche
- The crucial importance of taking action, even when you feel unprepared
- Developing an “unfair advantage” in your chosen real estate specialty
Whether you’re a veteran investor seeking new opportunities or a newcomer looking for inspiration, this episode is brimming with game-changing strategies and hard-earned wisdom.
https://youtu.be/xJ0toIwCMYkTimestamps(01:59) From Teacher to Real Estate Investor
(08:44) Transitioning to Senior Living
(12:26) Converting Homes into Senior Care Facilities
(22:59) Scaling Up: Residential to Commercial Facilities
(29:14) Tips for Real Estate Investors
Links to PodcastMitch Conrad email: Mitch@GardensCare.com
- LinkedIn: Mitch Conrad
- Mitch Conrad Website: https://GardensCare.com/
Join host Chris Lopez as he explores the world of debt funds with Justin and Matt, founders of Dynamo Capital. These innovative investors are reshaping real estate finance in Wichita, Kansas – a market that offers surprising opportunities for yield-seeking Denver investors.
In this eye-opening episode, you’ll learn:
- How Midwest rental yields are dramatically outpacing Denver’s compressed margins, offering a lifeline for cash flow-focused investors
- Why Wichita is being called “Des Moines 20 years ago” and what that means for early movers
- The surprising truth about foreclosure rates in debt funds (hint: it’s lower than you might think!)
Justin and Matt break down their unique approach to debt fund management, revealing how they achieve consistent double-digit yields where traditional investing struggles. You’ll hear how they balance the rigidity of conventional lending with the speed of hard money, funding deals in as little as three business days.
Discover how their debt fund:
- Generated an impressive 82% average loan-to-cost ratio in 2023
- Maintains an average 63% loan-to-value across their portfolio
- Provides opportunities in a market where investors are acquiring cash-flowing properties for as little as $55,000
Whether you’re a seasoned Denver investor looking to diversify or a newcomer seeking better returns, this episode is packed with actionable insights. Explore how debt funds are opening doors in markets where rising interest rates have shuttered traditional opportunities.
Don’t miss this chance to expand your real estate horizons and learn how to be the bank in today’s evolving landscape. Tune in now to discover strategies that could transform your investing approach!
https://youtu.be/vPd4waAmS58Timestamps(02:02) The Basics of Debt Funds and Benefits
(06:16) Wichita vs Denver Real Estate Market
(12:03) Investing in the BRRR Strategy with a Debt Fund
(20:35) Background of Dynamo Capital
(25:54) Loan Products Offered by Debt Funds
(27:36) Defaults, Foreclosures, and Managing Risk
Links to PodcastInterested in learning more about Dynamo and the funds they offer? Schedule a call with our team here.
Who is DynamoDynamo Capital, founded in 2023, is a debt fund specializing in residential real estate lending in Wichita, Kansas. Offering fix-and-flip, construction, and long-term financing, they leverage technology and experience to give investors an edge in the lucrative fix-and-flip market. Dynamo balances traditional lending rigidity with hard money speed, typically lending up to 75% of a property’s after-repair value. Their personalized approach and strategic underwriting aim to provide flexible, accessible financing for real estate investors, enhancing clients’ portfolios with agility and expertise.
Disclaimer: This podcast provides educational and informational content only. It does not constitute personalized financial, legal, or tax advice.
In this informative episode of the Denver Real Estate Investing Podcast, host Chris Lopez explores the rapidly expanding Build-to-Rent (BTR) sector with industry experts Ryan Watts of Red River and Bill Morton of Leo Brown Group. They offer an in-depth analysis of their Centerville, OH Build-to-Rent (BTR) project highlighting why BTR is emerging as a notable asset class for astute investors.
Key highlights of this podcast include:
- A comprehensive overview of a $58 million BTR development
- Projected returns in the mid to low 20s IRR and a 2x investment multiple
- Strategies for identifying prime locations with high barriers to entry
- The strategic advantages of vertically integrated construction and property management
- Innovative phased construction approaches for optimized cash flow
Ryan and Bill share their expertise on:
- Recognizing and leveraging opportunities in undersupplied markets
- The strategic benefits of in-house construction and property management
- How phased development can lead to earlier revenue generation
- Designing amenities that appeal to both young professionals and empty nesters
This episode offers valuable insights for seasoned real estate investors and newcomers alike. Learn why Build-to-Rent communities are reshaping the rental market and how investors can position themselves within this growing trend.
Tune in to gain a comprehensive understanding of this emerging asset class and the strategies driving its growth. Expand your real estate investment knowledge and explore the potential of Build-to-Rent communities in this must-listen episode.
https://youtu.be/0GhPQ-0Ls64Timestamps(06:10) Selecting the Right Market: Centerville, Ohio
(12:20) The Importance of Local Sponsors in BTR Development
(18:12) The Construction Process and Milestones for Centerville, OH Build-to-Rent (BTR) Project
(24:25) Keeping Residents Happy During Construction
(30:26) Expected Returns for BTR Investors
(33:42) The Future of BTR and Red River’s Growth Strategy
Links to PodcastInterested in learning more about Red River?
Schedule a call with our team here!
Check out our other Red River podcasts:#520: Inside the Making of a $30M Build-to-Rent Community #516: The Rise of Build-to-Rent and Why Investors Should Take Note
Who is Red River?Red River Development is a vertically integrated real estate development company with a focus on developing and operating class-A build-for-rent residential communities under the management brand: Trulo Homes. A unique and growing space in the housing market, luxury rental communities provide the comfort and privacy of single-family homes with the convenience and amenities of high-end multifamily rentals. Red River sees extensive market opportunity in the Build-To-Rent (BTR) space throughout the Southern and Midwest U.S. with a substantial pipeline of developments planned to break ground later in 2024 and beyond. Red River is headquartered in Dallas, TX with a second office in Tulsa, OK.
Disclaimer: This podcast provides educational and informational content only. It does not constitute personalized financial, legal, or tax advice.
Is selling a rental property with a 3.6% interest rate ever a good idea?
On this episode of the Denver Real Estate Investing Podcast, host Chris Lopez and his expert panel reveal why one investor is doing exactly that – and tripling their money in the process. You’ll discover:
- Why Denver’s housing inventory is up 68% year-over-year, yet still far below historical norms
- How a property purchased for $110,000 in 2018 is now worth $315,000
- The surprising reason negative cash flow on a new build might still be a smart investment
Chris is joined by Southern Colorado expert Jenny Bayless, who breaks down her decision to sell a long-term rental despite its rock-bottom interest rate. Denver specialist Jeff White teases an upcoming fourplex deal that’s dropped from $935,000 to the $650,000 range. And mortgage expert Troy Howell provides critical interest rate insights that could impact your next move.
The panel dives deep into real-world numbers, sharing specific cap rates, cash flow projections, and appreciation data. They debate the merits of new construction versus existing properties, and explore how factors like property taxes and deferred maintenance influence long-term returns.
Tune in for a data-driven discussion that challenges conventional wisdom and provides actionable insights for navigating Colorado’s dynamic real estate market in 2024.
https://youtu.be/AiF-qXRlh64Timestamps(01:29) Trends in Southern Colorado and Denver
(10:45) Mortgage Rate News and Employment Numbers
(14:39) Deal #1: Selling Properties for Appreciation Gains
(22:13) Exploring the Trade-Offs: Cash Flow vs. Trapped Equity
(30:41) Deal #2: New Builds
(41:22) Teaser: Potential Fourplex House Hack Deal
Links from PodcastNova Home Loans: https://troyhowell.novahomeloans.com
Email Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
Email Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
- Denver July 2024 Real Estate Market Updates
- Colorado Springs & Pueblo July 2024 Real Estate Market Updates
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Want to know how a covered land play could be the secret to finding lucrative development deals in a tight market? In this eye-opening episode, Chris Lopez sits down with Nathan Adams from RedT Homes to dissect a fascinating off-market development opportunity in Old Town Littleton that slipped away.
Nathan reveals how a $600,000 property with existing rental income could have transformed into a $3.5 million project with potential profits of $750,000. Learn why covered land plays are becoming the sweet spot for developers, allowing for creative financing and reduced risk in today’s challenging market.
Uncover key strategies for:
- Using conventional financing to enter development deals with minimal cash outlay
- Leveraging existing rental income to offset holding costs during entitlement
- Timing your project to hit optimal selling seasons in the market
Plus, get Nathan’s expert insights on current market dynamics, including why three-bedroom townhomes in the $700,000 range are the ideal target for both homebuyers and investors.
Whether you’re a seasoned developer or just getting started, this episode is packed with tactics for navigating the complexities of real estate development in Colorado. Don’t miss this chance to learn from a deal that got away and position yourself for success in your next project!
https://youtu.be/he6WJMm5X-0Timestamps(01:33) The Challenges of an Off-Market Development Deal
(04:45) Partnership Issues and Deal Breakers
(08:05) The Appeal of the Covered Land Play
(14:10) Construction and Marketing Process
(19:22) Projecting Profits
Links from PodcastRedT Homes website: https://redthomes.com/
Email Nathan Adams: nathan@redthomes.com
LinkedIn: Nathan Adams
Interested in learning more about the Developer Incubator Program? Click here to book a call and learn more.
Check out our other redT podcasts:Episode 480: Opportunities in Real Estate Development with redT’s Chief Investment Officer Paul Ko
Episode 490: The Strategy Behind Scaling a Company with redT’s New CEO Vincent Deorio
Episode 517: Learn to Develop Properties Like a Pro (For Action Takers)
Who is redT Homes?red T Homes is a mission-driven, values-based residential real estate development company in Denver, known for offering a comprehensive suite of services encompassing land acquisition, entitlement, design, architecture, construction, marketing, and sales. What sets them apart is their resolute commitment to “Building A Greener Colorado,” prioritizing the well-being of families and the environment. Their projects are built to a LEED Gold Certification standard or better, and they exclusively partner with developers, builders, and investors who share this commitment. As pioneers, red T is the first homebuilder west of the Mississippi to meet the rigorous US Green Building Council standards for LEED Zero Certification, resulting in the design, construction, and sale of healthy, eco-friendly new homes that combine beauty, functionality, and sustainability, making them a transformative force in the real estate industry.
Real estate success isn’t just about wins – it’s about learning from your biggest failures.
In this eye-opening episode, the tables are turned on host Chris Lopez as he finds himself in the hot seat, answering probing questions from guest co-host Caitlin Logue. Caitlin, who recently transitioned from tech sales to real estate investing and is now on the investor relations team at Property Llama Capital, brings a fresh perspective as Chris’s mentee. Switching roles from his usual position as the show’s host, Chris gets candid about his entrepreneurial journey, sharing how he lost two years and significant income by failing to pivot his business model quickly enough. With brutal honesty, Chris breaks down the lessons learned and how they shaped his current approach to real estate investing and business management.
Chris reveals his three-step process for evaluating real estate deals and the surprising reason why getting your real estate license might actually hinder your investing career. He also shares the game-changing mindset shift that took him from focusing solely on residential properties to becoming asset class agnostic – a strategy employed by some of the world’s most successful investors.
But it’s not all business talk. Chris opens up about recent personal changes, including how becoming a father of three has reshaped his priorities and time management. He emphasizes the importance of enjoying the journey, not just chasing financial goals.
Whether you’re a newbie house hacker or a seasoned commercial investor, this episode is packed with invaluable insights on market pivots, management skills, and maintaining work-life balance in the fast-paced world of real estate. Don’t miss this chance to learn from both the triumphs and stumbles of a top player in the Colorado real estate scene.
https://youtu.be/5Zel3kmz0gETimestamps(01:40) Pivoting Your Business with the Market
(12:29) Common Mistakes Real Estate Investors Make
(18:17) Making Difficult Business Decisions
(25:17) Finding Inspiration and Mentors
(28:00) Advice for Quitting a W-2 Job and Beginners in Real Estate
(42:01) Business Philosophy
(46:33) Mindset Shifts in Business and Personal Life
Links from PodcastCaitlin Logue Email: caitlin@propertyllama.com
Caitlin Logue LinkedIn
Property Llama Capital Website
Visit Property Llama
Want to know how a first-time build-to-rent community generated 20% higher rents than projected?
This game-changing project in Jenks, Oklahoma not only delivered on time and on budget during the chaotic post-COVID supply chain crisis, but also outperformed every metric in its underwriting except interest rates. The result? High single-digit to low double-digit cash-on-cash yields for investors.
Ryan Watts, co-founder of Red River Development, breaks down how his team turned a $30 million investment into a lucrative 138-home community that’s now generating strong distributions. With five successful build-to-rent projects under his belt, Ryan shares invaluable insights from his company’s very first development.
Discover:
- The unconventional zoning strategy that won over both city officials and residents
- How Red River accurately projected rents for a brand-new product type in the market
- The refinancing approach that allowed Red River to start rewarding investors quickly
Ryan’s step-by-step walkthrough of the entire process – from land acquisition to stabilization – provides a masterclass in build-to-rent development. Whether you’re an aspiring developer or a curious investor, this episode offers a look into the inner workings of a highly successful real estate venture.
Don’t miss this deep dive into a build-to-rent case study that proves the immense potential of build-to-rent.
https://youtu.be/0e-OaBFTlAITimestamps(01:29) Buying the Land and Navigating the Zoning Process
(05:25) Completing the Project on Time and On Budget during COVID
(05:55) Exceeding Rent Projections and Generating Cash Flow
(12:06) Future Plans for the Community and Potential Sale
Links from PodcastInterested in learning more about Red River?
Schedule a call with our team here!
Check out their website here
Who is Red River?Red River Development is a vertically integrated real estate development company with a focus on developing and operating class-A build-for-rent residential communities under the management brand: Trulo Homes. A unique and growing space in the housing market, luxury rental communities provide the comfort and privacy of single-family homes with the convenience and amenities of high-end multifamily rentals. Red River sees extensive market opportunity in the Build-To-Rent (BTR) space throughout the Southern and Midwest U.S. with a substantial pipeline of developments planned to break ground later in 2024 and beyond. Red River is headquartered in Dallas, TX with a second office in Tulsa, OK.
Disclaimer: This podcast provides educational and informational content only. It does not constitute personalized financial, legal, or tax advice.
Think house hacking is dead in Denver’s high-interest market? It might seem impossible in today’s high-interest environment, but one savvy investor just showed it can still be done.
As Colorado’s real estate market continues to evolve, the age-old advice to “buy now or be priced out forever” takes on new relevance. This July market update explores how, even in a high-interest environment, savvy investors are finding ways to enter the market and build wealth through creative strategies like house hacking.
Jeff White, known for his impressive track record of living rent-free through creative real estate investing, recently closed on a $533,000 triplex in Denver with just 5% down. Despite a 6.75% interest rate, he structured the deal to live essentially rent-free.
The secret sauce? A combination of:
- Strategic use of Section 8 tenants
- Savvy negotiations for seller concessions
- Buying down mortgage insurance for improved cash flow
Here’s how the numbers break down:
- Two Section 8 units bring in about $4,000 in gross rent
- Total monthly payment (PITI): $3,588
- $400 set aside for maintenance and capital expenditures
- Result: Jeff lives rent-free in the third unit
Even more impressive? When Jeff eventually moves out, he projects nearly $20,000 in annual cash flow.
The takeaway? Don’t let high interest rates scare you away from house hacking. If House Hacking poster child Jeff White can still make it work in 2024, there are likely opportunities for other savvy investors willing to crunch the numbers and think outside the box.
Interested in following in Jeff’s footsteps? Connect with Jeff White to explore house hacking possibilities in your area. The dream of living for free while building wealth through real estate is still very much alive.
https://youtu.be/X_XrMPoacwYTimestamps(01:20) Denver and Colorado Springs Real Estate Trends
(09:56) Success Story: Multifamily Deal in Denver
(18:27) Rental Property Deal in Colorado Springs
(27:17) Interest Rates and the Possibility of a Rate Cut
Links from the PodcastNova Home Loans: https://troyhowell.novahomeloans.com
Email Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
Email Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
- Denver June 2024 Real Estate Market Updates
- Colorado Springs & Pueblo June 2024 Real Estate Market Updates
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Is your real estate investment actually losing you money? Brace yourself, because what we learned about cash flow from analyzing 6,858 properties will shock you. Groundbreaking data from Property Llama’s in-depth study reveals that, surprisingly, the average cash-on-equity return for single-family rentals is negative 0.2%! In this eye-opening episode, Chris Lopez, co-founder of Property Llama, along with data analyst Richard McGirr and nuclear rocket scientist turned real estate investor Miller McSwain, unpack the startling insights that turn conventional real estate wisdom on its head.
By leveraging Property Llama’s unique position in the market, with access to both extensive property data and investor goals, Chris and his guests delve deep into the cash flow realities of thousands of properties. As a result, you’ll discover why the cash flow you thought was making you rich might actually be holding you back. Furthermore, you’ll learn how large multifamily properties are generating a staggering 5.7% cash-on-equity return while, in contrast, your single-family homes are bleeding money.
Key TakeawaysThroughout the episode, Chris and his expert guests break down:
- Why your cash-on-cash return calculations are dangerously misleading
- The shocking truth about which property types are actually cash flow kings
- A counterintuitive strategy for extracting maximum value from your real estate portfolio that most investors are too scared to try
Undoubtedly, this isn’t just another real estate podcast – it’s a data-driven wake-up call based on the analysis of 6,858 real properties. Therefore, whether you’re a seasoned landlord or just starting out, this episode promises to challenge everything you thought you knew about building wealth through real estate. In conclusion, don’t miss this chance to learn what Property Llama discovered about cash flow and, consequently, how to transform your underperforming assets into a cash flow machine!
https://youtu.be/woD9cLipE1sTimestamps(05:07) The Surprising Cash Flow of Single-Family Homes
(10:27) The Cash Flow Potential of Multifamily Properties
(14:40) Maximizing Cash Flow: Selling Properties and Lumpy Cash Flow
(24:22) Taking the Win and Reinvesting for Better Cash Flow
Links from PodcastEmail Miller McSwain: miller@notrocket.co
Instagram: Miller McSwain
Gain insights into your global portfolio performance – Book a session today!
Want to know how to make serious money in real estate development without decades of experience or millions in capital?
Nathan Adams of redT Homes reveals how the “Developer Incubator Program” has helped novice investors tackle projects worth up to $1.2 million and build portfolios of over 500 units. With nearly 20 years of experience and involvement in close to 1500 units of development across almost 100 projects, Nathan knows the tools for succeeding in today’s challenging market.
In this eye-opening episode, Nathan breaks down:
- How to access a pipeline of pre-vetted deals with 20%+ profit margins in a market where most developers are struggling to hit 17%.
- The “sweet spot” timeline for smaller development projects that could see you delivering units just as interest rates drop and the market catches fire.
- A clever strategy for leveraging bank financing at up to 80% LTV, allowing you to maximize returns while minimizing risk.
This episode provides a comprehensive look at how aspiring developers can enter the real estate development sector, even amid high interest rates and market uncertainties. For those looking to advance from residential renovations to ground-up projects, this discussion offers essential insights and strategies to consider.
https://youtu.be/tAhysWE-hA0(03:05) The Developer Incubator Program
(11:25) Investor Avatar for the Incubator Program
(14:44) Current State of the Market
(21:32) Balancing Fear and Logic in Real Estate Investing
(25:56) How Much Capital Do You Need For a Deal
Links from PodcastRed T website: https://redthomes.com/
Interested in learning more about the Developer Incubator Program? Click here to learn more and book a call.
Who is redT Homes?red T Homes is a mission-driven, values-based residential real estate development company in Denver, known for offering a comprehensive suite of services encompassing land acquisition, entitlement, design, architecture, construction, marketing, and sales. What sets them apart is their resolute commitment to “Building A Greener Colorado,” prioritizing the well-being of families and the environment. Their projects are built to a LEED Gold Certification standard or better, and they exclusively partner with developers, builders, and investors who share this commitment. As pioneers, red T is the first homebuilder west of the Mississippi to meet the rigorous US Green Building Council standards for LEED Zero Certification, resulting in the design, construction, and sale of healthy, eco-friendly new homes that combine beauty, functionality, and sustainability, making them a transformative force in the real estate industry.
Want to know how a little-known real estate trend is generating 30-40% rent premiums over traditional apartments?
This “horizontal multifamily” strategy allowed one company to achieve 95%+ occupancy and 8-10% annual rent increases, even in secondary markets.
Ryan Watts, co-founder of Red River Development, discusses key factors behind successful build-to-rent (BTR) communities – a game-changing approach that’s attracting billions in institutional capital. After selling his previous company, Ryan partnered with real estate veterans to capitalize on this lucrative opportunity, growing to $400 million in assets under management in just a few years.
In this episode, Ryan breaks down:
- How to identify ideal secondary markets for maximum returns
- The proven formula for community amenities that command premium rents
- Why empty nesters are flocking to these communities alongside young families
Discover why BTR is being called “the future of rental housing” and how savvy investors can get in on the ground floor of this booming asset class. If you want to stay ahead of the curve in real estate investing, this is one episode you can’t afford to miss.
https://youtu.be/jQbCvhvkPRo?si=t8CfKmPAbQlo4fK8(1:17) The Asset Class of Build to Rent
(05:16) Factors Driving the Popularity of BTR
(08:50) Higher Rents and Strong Returns in BTR
(18:27) Investment Opportunities in BTR
Links to PodcastInterested in learning more about Red River?
Schedule a call with our team here!
Check out their website here
Who is Red River?Red River Development is a vertically integrated real estate development company with a focus on developing and operating class-A build-for-rent residential communities under the management brand: Trulo Homes. A unique and growing space in the housing market, luxury rental communities provide the comfort and privacy of single-family homes with the convenience and amenities of high-end multifamily rentals. Red River sees extensive market opportunity in the Build-To-Rent (BTR) space throughout the Southern and Midwest U.S. with a substantial pipeline of developments planned to break ground later in 2024 and beyond. Red River is headquartered in Dallas, TX with a second office in Tulsa, OK.
Disclaimer: This podcast provides educational and informational content only. It does not constitute personalized financial, legal, or tax advice.
Think 1031 exchanges are just for the ultra-wealthy? Think again. This tax-deferral method has helped countless investors build fortunes over the past century, and it’s not going anywhere despite rumors to the contrary.
In this eye-opening episode, we sit down with Rick Chess, a seasoned attorney with over 30 years of experience in 1031 exchanges. Having transacted over 50,000 apartments and advised on billions in real estate deals, Rick is the go-to expert for navigating the evolving landscape of 1031 exchanges. Rick breaks down two game-changing strategies for maximizing your 1031 exchange in today’s market:
- The little-known “DST” method that allows you to invest in $100 million properties with as little as $100,000.
- The powerful “Tenancy in Common” approach that gives you more control and potentially higher returns than traditional exchanges
Plus, discover why local, state, and federal governments “make out like bandits” when investors use 1031 exchanges – making it highly unlikely this strategy will ever be eliminated. Whether you’re a seasoned real estate investor or just getting started, this episode is packed with insights that could completely change your wealth-building approach.
https://youtu.be/aP_f7srNPdA(01:50) Benefits, Returns, and Fee Loads in DSTs
(06:47) Benefits, Returns, and Fee Loads in TICs
(09:44) 1031 Exchanges into Bigger Deals with Sponsors
(20:15) Navigating Market Cycles as a Real Estate Investor
Links from PodcastChess Law Firm Website
Rick Chess email: rick@chesslawfirm.com
Rick Chess LinkedIn
Adam Fenton joins Chris Lopez to break down Narrate’s $45.8M multifamily development in a Colorado Springs opportunity zone. Adam unpacks the game plan for this 192-unit project, from construction costs to deal structure and capital strategies. Plus, discover the benefits of investing in opportunity zones to defer capital gains. A must-watch for anyone looking to understand the inner-workings of developing a multimillion-dollar real estate deal!
https://youtu.be/x15ma1FpGs4(06:56) Project Details and Costs
(17:29) Leasing and Stabilization
(21:57) Capital Structure and Financing Options
(28:41) Exit Strategy
Links to PodcastInterested in learning more about Narrate?
Schedule a call with our team here
Visit Narrate Holdings Website
Check out our other Narrate podcasts:
Episode 499: How this Developer’s Creative Debt Financing Strategy Helps Them Stand Out w/ Adam Fenton
Episode 501: Real Estate Development from Concept to Reality | Deal Analysis
Who is Narrate?Narrate is a Denver-based firm specializing in the investment and development of urban-infill multifamily and mixed-use real estate in major metropolitan markets throughout the Western U.S. They ensure that each project, created to collaborate community, culture, and commerce, delivers enduring value to its local environment.
Narrate’s portfolio includes a diversified mix of ground-up development, existing value-add, and adaptive reuse properties. Our investment thesis relies on patience and discipline, focusing exclusively on well-located but underperforming assets that offer immediate value creation and long-term stability.
Disclaimer: This podcast provides educational and informational content only. It does not constitute personalized financial, legal, or tax advice.
Curious how the Colorado real estate market is suddenly favoring buyers? Denver has seen a staggering 75% increase in active listings year-over-year, shifting the balance significantly. Despite a modest 3.3% annual rise in home prices, a 0.75% month-over-month decline hints at potential price drops if interest rates stay high.
Buyers now wield more negotiating power, with sellers offering concessions like interest rate buy-downs and closing cost coverage. Featuring house hacking expert Jeff White and investor-friendly lender Troy, Howell this episode provides game-changing insights and strategies to capitalize on these market shifts. Tune in for expert advice on leveraging increased inventory, navigating pricing trends, and maximizing negotiation tactics in this evolving market.
https://youtu.be/9dHUS7zRW2E(01:04) Inventory and Price Trends
(12:48) Predictions for Future Prices
(25:26) Deal Highlight: Unique Fourplex
Links from the PodcastNova Home Loans: https://troyhowell.novahomeloans.com
Email Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
Email Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
- Denver May 2024 Real Estate Market Updates
- Colorado Springs & Pueblo May 2024 Real Estate Market Updates
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Uncover the Rental Tax Loophole That Could Save You Thousands
Want to know the secret for using rental properties to slash your tax bill? In this eye-opening episode, CPA Brandon Hall reveals a little-known “short-term rental loophole” that could score you massive tax deductions – even if you have a full-time job.
Brandon, who owns a portfolio of 24 rental units himself, explains how this strategy allows you to:
- Deduct up to $150,000 in rental losses against your regular income
- Immediately write off major property improvements like new roofs and HVAC systems
- Avoid the onerous “real estate professional” requirements that trip up most investors
As the founder of Hall CPA, Brandon has helped countless real estate investors maximize their tax savings. Now he’s sharing his insider knowledge on how to legally reduce your tax bill by thousands using short-term rentals.
Don’t miss this chance to uncover a game-changing tax hack that could supercharge your investing returns. Watch to discover Brandon’s 3-step system for tapping into this lucrative loophole.
https://youtu.be/nWtOc5QTLro(04:40) Why Do Passive Activity Loss Rules Matter?
(09:14) What is a passive activity?
(14:42) Bonus Depreciation
(26:45) Using LP investments to offset passive income
(32:48) Avoiding passive losses
(36:10) Real estate professional status (REPS)
(44:21) 7 tests for material participation
(46:41) Exception for short-term rentals
Links from PodcastHall CPA Website
Brandon Hall Email: brandon.hall@hallcpallc.com
Brandon Hall LinkedIn: https://www.linkedin.com/in/brandonhallcpa
Join Chris Lopez and multifamily expert Anthony Chara as they explore Anthony’s journey from single-family homes to syndicating over 2,100 apartment units. Learn how market corrections and rising interest rates create new opportunities, and discover the importance of diversifying investments. Watch this episode for valuable insights from Anthony’s 30 years of experience to help you thrive in any market!
https://youtu.be/HKOY7tVuFlk(07:15) Understanding Market Cycles and the Impact of Interest Rates
(18:27) Best Real Estate Opportunities Today
(28:27) Diversifying Investments
(41:05) Exploring the Potential of Office Buildings
Links from the PodcastAnthony Chara Website: successclasses.com
Anthony Chara Email: anthony@successclasses.com
Anthony Chara LinkedIn
Apartment Mentors Facebook
Despite challenges, including the COVID-19 pandemic, Katie and her husband adopted a “nomading” strategy, moving from House Hack number two to three. Katie, Troy and Chris cover the challenges of scaling your rental portfolio such as navigating the lending process, improving credit scores, and finding the right property. Troy Howell also fills us in on lending tips for multiple properties such as the guidelines on departure residences, FHA vs Conventional loans, and understanding your DTI ratio. Katie’s experience offers valuable insights and inspiration for aspiring house hackers.
https://youtu.be/ikzYmCrOZFY(02:03) Starting with the First House Hack
(07:10) Challenges and Solutions in Scaling the Portfolio
(24:07) Finding the Fourth Property and Future Plans
Links from the PodcastKatie Heinsohn Email: katie@envisionrea.com
Nova Home Loans: https://troyhowell.novahomeloans.com
Email Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Instagram: Troy_howell_loans
- Facebook: Troy Howell
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
*The information contained here is educational only and does not represent actual savings, rates, or financing terms.
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
The April 2024 market stats for Denver and Southern Colorado are now out, and our roundtable is back to discuss what they mean. Check out the video to hear the latest trends, get updates on buyer activity, interest rates, and get the details on some of our latest deals!
https://youtu.be/tvrlmnxsWY4(01:24) Denver and Colorado Springs Stats
(04:10) Colorado Springs Deals
(08:28) Jeff’s 8th House Hack
(15:38) Rent by Room and Section 8 Deal
Links from the PodcastEmail Jenny Bayless:jenny@envisionrea.com
Nova Home Loans: https://troyhowell.novahomeloans.com
Email Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Instagram: Troy_howell_loans
- Facebook: Troy Howell
Email Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
- Instagram: @8tofire
- Denver April 2024 Real Estate Market Updates
- Colorado Springs & Pueblo April 2024 Real Estate Market Updates
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Dive into the world of post-exit wealth with Tyler Horsley, CEO of Nuclear Capital Group, and Chris Lopez, founder of Property Llama Capital. Discover why real estate is the go-to investment for busy founders seeking to grow their wealth without the hassle. From investment strategies to portfolio diversification, gain valuable insights tailored for entrepreneurs navigating the transition from business exit to real estate success.
https://youtu.be/AQiGcteZIDQ(14:08) Basics of Real Estate
(17:47) Understanding equity and debt investing
(23:02) Best Opportunities in Today’s Market of High Interest Rates
(27:52) Case Study: Value Add Multifamily
(37:03) Case Study: Green Residential Development
(43:12) Case Study: Class A Multifamily Development
(56:26) Portfolio Architecture and Investment Goals
(1:01:07) Risk and return in real estate investments
Links from the podcast: Tyler Horsley LinkedIn
Tyler Horsley Instagram
Connect Offer: https://propertyllama.com/investing-in-real-estate-after-a-business-exit/
Daniel Muldoon, president of the Colorado Landlord Legislative Coalition, joins Chris Lopez to unpack the latest legislative challenges facing landlords in Colorado. Explore the impact of bills like ‘For Cause Eviction’ and the unintended consequences these changes have on the landlord-tenant relationship. Gain insights into upcoming legislation such as the ‘Warranty of Habitability‘ bill and learn how you can join the Colorado Landlord Legislative Coalition to advocate for landlord rights and shape Colorado’s rental landscape.
https://youtu.be/iIEi8aArQgw(03:17) Cause Required for Eviction Bill
(12:30) Unintended consequences of the new bills
(18:44) Bills in the pipeline
(25:30) Warranty of Habitability Bill
(29:15) Other bills affecting landlords
(37:45) How to be part of the solution
Links from Podcast:Connect with Daniel Muldoon:
Email: Daniel@muldoonassociates.com
Looking for Property Management in Colorado Springs
Learn more about the Colorado Landlord Legislative Coalition
Previous Episode: “The Hidden Dangers: How New Colorado State Laws Threaten Small Landlords”
Colorado property management firm to pay $1 million after state probe finds renters were illegally billed for services
HB24-1098: Cause Required for Eviction of Residential Tenant
HB18-1397: Landlord Tenant Warranty Of Habitability
Upcoming Legislation:HB24-1259: Price Gouging in Rent Declared Disaster
SB24-094: Safe Housing for Residential Tenants
HB24-1057: Prohibit Algorithmic Devices Used for Rent Setting
SB24-064: Monthly Residential Eviction Data & Report
Thomas Castelli, CPA, joins us to unravel the tax maze of real estate syndication and fund investments. This comprehensive overview will cover what you need to know as a passive investor, from Form 1065 to K-1 forms, learn how to handle distributions, income and losses. Discover critical tax deadlines, how to keep more of your money at tax time, and how to maximize your tax planning game!
https://youtu.be/jwg4_4OFJYA(03:41) Annual Tax Filings
(08:55) Sample K-1 Form
(21:15) When You Receive K-1s
(30:45) Tax Allocation vs Distribution
(32:07) State K-1s
(36:59) Question and Answer
Links from the podcast:Reach out to Thomas:
thomas.castelli@hallcpallc.com
Thomas Castelli LinkedIn
Looking for a Real Estate Friendly CPA? Check out Hall CPA
Looking for clarity on your taxes with real estate syndicates and funds?Check out the Tax Strategy Foundation for Limited Partners (LPs) Course!
By the end of this course, you will have clarity on syndication and fund tax issues and how to minimize taxes when investing as a limited partner (LP).
Tools & Checklists include:
- 5 Things LPs Should Know When Investing in a Real Estate Syndication & Funds
- Commonly Asked Questions by Limited Partners
- How to Interpret Schedule K-1
Bonuses include:
- Accredited vs. Nonaccredited Investors
- Can LPs 1031 exchange into real estate syndicates and funds?
- An interview with Jim Pfiefer from Left Field Investors on how to evaluate syndication opportunities
Enroll Now!
Shane Phillips joins Chris Lopez to share the essential steps for real estate investors and business owners when faced with unexpected loss. Learn from Shane’s personal journey and his creation of the “First Steps” program, designed to guide individuals through the financial and practical aspects following a loss. From funeral planning and accessing accounts to managing real estate or business assets, today’s episode is crucial for preventing financial stress after a death.
https://youtu.be/nJngxkwdudE(02:19) What is “First Steps”?
(11:40) Common Mistakes with Estate Planning
(16:08) Planning for Bank Accounts
(20:40) Beneficiaries for Investment Accounts
(26:22) First Steps Course Details
(31:46) Social Media and Digital Assets
Links from the podcast:Reach out to Shane:
sphillips@firststepshelp.com
Shane Phillips LinkedIn
Ready to take the First Steps course? We’re offering it to our listeners 100% for free:
Visit propertyllama.com/first steps
In today’s deal analysis, Terrance Doyle joins Chris Lopez and Matt Amundson to break down VareCo’s strategy behind Samuel Drive. Dive into the details of this multifamily, value add deal, from achieving high-quality renovations under budget to increasing rents and planning a profitable exit strategy.
https://youtu.be/D_mz4oh6p74(04:20) Executing Value Add Under Budget
(08:16) Capital Summary Breakdown
(10:50) Exit Plan – Waiting for the Right Price
Links from the Podcast:Matt Amundson email: matt.amundson@propertyllama.com
Matt Amundson LinkedIn
U.S. 5 Year Treasury
U.S. 10 Year Treasury
Ready to explore if a Value-Add Multifamily Investment is right for your investment portfolio?
Click the link below to visit the deal room where you can access more information about the deal, arrange a call with our team, or submit your soft commit: https://investors.propertyllama.com/public/property-llama-presents–vareco-iii
The March Colorado market stats for Denver and Southern Colorado are out, and our roundtable is back to discuss what they mean. Tune in now for updates on the latest real estate trends, new legislation affecting landlords, and get the details on some of our latest deals!
https://youtu.be/vlkV_SfloHk(06:27) New Bill: Cause Required for Eviction of Residential Tenants
(12:20) Mortgage Lending Updates
(14:05) Deal: $500K Triplex in Denver
(19:20) Denver and Colorado Springs Market Stats
(21:37) Deals: Selling Properties for New Investments
(33:42) What is loan recasting?
Links from the PodcastLearn more about:
- April Rent Report: Springs a “soft market” with slight rent decrease, more apartments
- Cause Required for Eviction of Residential Tenant
- Colorado Landlord Legislative Coalition
Daniel Muldoon Landlord Legislation Podcast: https://youtu.be/trCqJ6_CExk
Want to check out the stats? Visit our other blog posts:
- Denver March 2024 Real Estate Market Updates
- Colorado Springs & Pueblo March 2024 Real Estate Market Updates
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Find out the secrets to house hacking success in Denver’s 2024 real estate market with Chris Lopez, Troy Howell, and Jeff White. Dive into cash-flowing strategies like rent-by-room and discover how to get the seller to pay for your renovations… 🤫 Tune in now for actionable tips, strategies and the details of our latest house hack deals to help you kickstart your real estate investing journey!
https://youtu.be/aiOGCi80tbU(03:57) Executive Summary – Denver House Hacking
(10:00) 3 Trends for Cash Flow with House Hacking
(14:22) Deal #1 Single Family Home Rent by Room
(27:14) Updates on Lending Guidelines 2024
(30:31) Deal #2 Multifamily Fourplex
(41:37) Deal #3 Value Add Duplex 49:43 Question and Answer
Links from the Podcast:Nova Home Loans: https://troyhowell.novahomeloans.com
Email Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Instagram: Troy_howell_loans
- Facebook: Troy Howell
Email Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
- Instagram: @8tofire
Download the Slide Deck Here:Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
Take a behind-the-scenes dive into Denver’s real estate development scene with Chris Lopez, Matt Amundson, and Adam Fenton in this exclusive deal analysis! Adam breaks down the development process, from site acquisition to financial modeling and unit design. Learn what it takes to succeed in real estate development!
https://youtu.be/xGfHYYOSF-o(01:11) Acquiring Land and Strategy
(13:18) Development Process and Timeline
(21:38) Development Budget for Luxury Apartments
(29:27) Real Estate Development Pro Forma
Links from the Podcast:Adam Fenton email: adam@narrateholdings.com
Adam Fenton Linkedin
Narrate Holdings Website: https://narrateholdings.com/
Property Llama Capital Website: https://capital.propertyllama.com/home/
Download the Investment Memorandum Here:Who is Narrate Holdings?Narrate Companies is a Denver-based real estate firm specializing in the investment and development of multifamily and mixed-use properties in select major metropolitan markets throughout the U.S. They are an experienced team of professionals focused on acquiring and developing multifamily/mixed-use properties in quality locations that deliver long-term stable cash flow and asset appreciation.
Make Smart Decisions with Portfolio Analysis SoftwareTo stay on top of your portfolio returns, it’s best to regularly check in on your portfolio and leverage portfolio management tools such as Property Llama.
Property Llama allows you to analyze your investments’ performance, run scenarios, and optimize your portfolio for better returns.
Join Chris Lopez and estate attorney Pam Maass as they give expert advice on passing down your real estate assets to your kids AND if you should even do it at all. From preserving generational wealth to involving children in property management and addressing estate taxes, each aspect of estate planning plays a crucial role in safeguarding your financial future. Chris and Pam share key insights on effective estate planning and navigating tricky questions: Should you leave real estate to your kids? How do you structure a trust for multiple children? And what if they don’t want to manage your properties? Get all the answers to safeguard your legacy!
https://youtu.be/RfDeTfIv2gA?si=z3mnkKkj9be45JWi(03:14) Generational Wealth: Rockefellers vs Vanderbilts
(05:08) Horror Stories of Inheritance Without Planning
(09:20) Educating and Involving Spouses and Children in Real Estate
(10:10) Setting up a trust with your financial values
(13:03) – Selling Properties vs. Passing Them On
(17:53) Big Mistake for Handing Down Properties
(18:19) DSTs and Other Passive Investment Options
(21:07) The Future of Portfolio Management Software in Estate Planning
Links from the podcast:Pam Maass Instagram
Pam Maass Facebook
LawMother Website
Ready to start tracking your portfolio? Sign up for a free account with Property Llama
Join Chris Lopez and Adam Fenton, Co-Founder of Narrate Holdings, for a peek into the world of real estate development. From starting his company during COVID to post-pandemic success, Adam reveals the strategic decisions behind securing optimal debt, prioritizing risk mitigation, and his #1 metric for choosing the right deal. Tune in to learn the keys to real estate development success in the ever-changing market!
https://youtu.be/YJ9FO-cGIlk(01:09) How Adam got started in real estate
(10:10) Why Adam started Narrate Holdings
(16:22) How Narrate was able to navigate commercial issues
(17:18) The spread between floating and fixed-rate debt
(18:09) Risk mitigation in debt and real estate development
(20:03) Expectations and impact of interest rates on pro forma
(25:13) Long-term vision at Narrate Holdings
(28:14) Benefits of owning a property management company
Links from the podcast:Adam Fenton email: adam@narrateholdings.com
Adam Fenton Linkedin
Narrate Holdings Website: https://narrateholdings.com/
Property Llama Capital Website: https://capital.propertyllama.com/home/
Who is Narrate Holdings?Narrate Companies is a Denver-based real estate firm specializing in the investment and development of multifamily and mixed-use properties in select major metropolitan markets throughout the U.S. They are an experienced team of professionals focused on acquiring and developing multifamily/mixed-use properties in quality locations that deliver long-term stable cash flow and asset appreciation.
As a landlord, you might be leaving money on the table with your rental property pricing… Many landlords unknowingly undervalue their rental rates, costing them thousands in lost revenue each year. In this video, we’ll reveal the #1 mistake landlords make with pricing and how you can identify the same mistakes in your portfolio.
Case Study: 4-bed, 1-bath SFR in Aurora, COThe portfolio analysis is run on Property Llama. First, the numbers are showcased as is, followed by the numbers for three scenarios: Should Matt Keep, Refi, or Sell?
Property Overview Matt owns a single-family rental property in Aurora, Colorado. It’s an older house, built in 1929. Despite its age, the home is decently sized with four bedrooms, though only one bathroom on the main level.
Over the years, Matt has tried marketing this property towards Section 8 tenants, given the 4-bedroom layout despite having just one bathroom. He describes it as a “workhorse” rental—nothing fancy, but a solid cash-flowing asset. However, the neighborhood leaves something to be desired. The property is located half a block off Colfax Ave in an area rough around the edges.
He currently values the property at $400,000, a significant increase from the $89,000 purchase price he paid when he acquired it in 2010. Matt’s remaining mortgage balance is $244,000, which means his loan-to-value ratio is 61%.
For now, Matt has taken advantage of the equity build-up by refinancing previously. His current mortgage interest rate is 3.25%. After a recent market rent analysis, he has adjusted the monthly rent from $2,150 up to $2,365 to keep it well-priced compared to similar properties.
Scenario #1- Keep the Property* Originally priced at $2,150/month * A market analysis showed similar rentals got $2,365/month * By raising rent to market rates, Matt’s potential returns increased significantly: + Return on equity went from 12.63% to 13.8% + Monthly cash flow increased 160% from $100 to $260 + Cap rate improved from a subpar 3.7% to a healthier 4%+
The biggest mistake landlords make is under-marketing their rental properties, resulting in rents below actual market value. Factors like long-term tenants or rapidly rising area rents can cause your pricing to lag behind comparable rentals. Regular rental pricing analysis is crucial for maximizing your investment returns. Even raising rents a few hundred dollars can substantially improve your cash flow, ROI, and cap rate.
After updating the rents to $2365, Matt’s cash flow increased from $107.59 to $264.54.
Updated NumbersScenario #2- Refinance the Property to Re-InvestNext, we ran the numbers on a cash-out refinance to pull out equity and reinvest in a new property:
- The current 61% Loan-to-Value means limited available equity
- High-interest rates and high leverage make refinancing unfavorable
Scenario #3- Sell the PropertyThe final scenario explored selling the rental property entirely. However, two factors made this unattractive:
- Significant taxable gains due to low original purchase price
- Matt is looking at an $85k-89k tax liability
- 1031 exchange didn’t improve returns
The Importance of Regular Rental Pricing AnalysisAfter reviewing all scenarios, the keep scenario was the “least-worst” choice until conditions improve for a refinance or sale. But, as Matt’s case study shows, regular rental pricing analysis is crucial for maximizing investment returns. Even raising rates a few hundred dollars can substantially improve cash flow, ROI, and cap rate.
Make Smart Decisions with Portfolio Analysis SoftwareTo stay on top of your portfolio returns, it’s best to regularly check in on your portfolio and leverage portfolio management tools such as Property Llama.
Property Llama allows you to analyze your investments’ performance, run scenarios, and optimize your portfolio for better returns.
https://youtu.be/fvEVn9hjjfM(01:30) Current Rental Performance
(07:05) Scenario 1 of Keep the Property
(16:45) Scenario 2: Refinance the Property
(19:10) Scenario 3: Sell the Property
(21:35) Final Decision: Comparing All 3 Scenarios
Chris Lopez and Jenny Bayless dive into the hottest trends in Colorado Springs and Pueblo for 2024! Discover the strategies fueling cash flow, gain insights into market performance, and get the details from some of our latest deals in Southern Colorado. Tune in now to set yourself up for success in the Southern Colorado investment scene!
https://youtu.be/xyYKZQt2sj8(01:49) Terms, Strategies, and Financing Methods
(12:49) Pueblo Market Overview
(16:35) Colorado Springs Market Overview
(22:24) Deal #1: Long Term Rental Fourplex in Colorado Springs
(31:01) Deal #2: Long Term Rental Fourplex in Colorado Springs, 40% down
(35:10) Deal #3: Long Term Rental Fourplex in Pueblo
Links from the podcastLink to Previous Pueblo Podcasts:
- Pueblo Investors Panel: https://youtu.be/nuUXFW3qp2o
- Pueblo Economic Initiatives: https://youtube.com/live/9fs5VNyACfo
Link to 2023 Southern Colorado Investing Guide: https://youtu.be/Z7e511t4be4
The February 2024 market stats for Denver and Southern Colorado are now out, and our roundtable is back to discuss what they mean. Check out the video to hear the latest trends, get updates on Section 8 rent increases, recent buyer activity, interest rates, and some of our latest deals!
https://youtu.be/IXATUX9BCpI(00:00) Intro
(02:07) Colorado Trends and Interest Rates
(08:15) Update: Section 8 Rents
(16:20) Deals and Cash Flowing Strategies
Links from the Podcast* Learn more about the 5% Down Multifamily Loan
Want to check out the stats? Visit our other blog posts:
- Denver February 2024 Real Estate Market Updates
- Colorado Springs & Pueblo February 2024 Real Estate Market Updates
Zachary Bouck and Austyn Garcia from Denver Wealth Management are back to discuss the latest trends in stock investing, including biotech breakthroughs and the rise of AI. The year 2023 was an exceptional one for investors, with growth and opportunities in various sectors. The stock market showed resilience despite initial uncertainties, with the S&P 500 gaining an impressive 26% and growth stocks surging by 38%. However, investing is not without its challenges. While index investing is a reliable long-term strategy, the importance of diversification remains if you’re looking to improve returns and mitigate your risks!
Artificial Intelligence (AI) stands out as a significant trend that demands attention, offering broad exposure through index funds and ETFs. While downside volatility is a concern, the primary risk investors face is missing out on the ongoing bull market cycle. By adopting a long-term outlook, leveraging dollar cost averaging, and tactically allocating to sectors with asymmetric return potential, investors can navigate the investment landscape successfully and position themselves for sustained growth. This is a great episode if you’re looking to grow your wealth in 2024. Don’t just invest – invest wisely!
In This Episode We Cover:* The 2023 S&P 500 saw a 26% increase in value and an emphasis on growth stocks * Why diversifying your portfolio is more important than ever * The AI revolution and how it will change the market * Opportunities to grow your investment portfolio in 2024 * How to manage risks and volatility in 2024
https://youtu.be/mPlcNSgUvTY(01:48) 2023 Stock Market Recap
(13:28) Potential Growth Sectors: Biotech and AI
(24:38) Best way to invest right now
Links from the podcast:Website: www.denverwealth.com
Zachary Bouck email: zachary@denverwealthmanagement.com
Austyn Garcia email: austyn@denverwealth.com
Austyn Garcia LinkedIn
Zachary Bouck LinkedIn
These Financial Planners Know Why Real Estate Is Key to Wealth Building
DisclaimerThe information in this blog post is for informational purposes only and should not be construed as financial advice. It is based on general observations and does not take into account your individual financial situation or goals. Before making any financial decisions or investments, it is advisable to consult with a qualified financial advisor who can provide personalized advice tailored to your specific needs.
Join Chris Lopez and real estate powerhouse Jennifer Reinhardt as she shares her incredible journey from single mother to real estate broker, achieving over $1 billion in sales. Jen, stumbled into the industry while buying her first home as a single mother. Little did she know that obtaining her real estate license to facilitate this purchase would be the start of her incredible journey. From there, Jen became a pivotal figure at Atlas Real Estate Investments, transitioning from commercial to residential properties.
Jen’s success lies in her hands-on property management approach, adding value and responding to tenant needs. Adapting to market trends, she capitalizes on fixing up properties for sale and maximizing profits in a changing landscape.
The key to her success is meticulous market vetting, with a focus on Kansas City and Colorado Springs. Jen identifies profitable opportunities, especially in B-class multifamily units and higher-rent single-family homes.
Beyond her achievements, Jen advocates for legislative changes, addressing issues like funding gaps in Section 8 housing. She mentors new investors and actively works on solutions for affordable disabled housing through nonprofit models. Don’t miss out on the wisdom of this seasoned investor, broker, and advocate!
https://youtu.be/IA3v4GV5ZJw?si=IF4M1td4bC_Ks7zM(01:00) Single Mom to Real Estate Investor
(05:01) Starting a Real Estate Career
(15:03) How to Get into Multifamily
(20:05) Jen’s Checklist for Finding a Deal
(31:13) Denver Market Trends and Opportunities
(42:39) Impact of New Legislation for Landlords
Links from the PodcastEmail Jennifer Reinhardt:jennifer@realatlas.com
- Website: www.realestateambitions.com
- LinkedIn: Jennifer Reinhardt
Discover the January 2024 market stats for Denver, Northern Colorado, and Southern Colorado! Our roundtable is back to break down the numbers and delve into trends. Catch the video for the freshest updates on buyer activity, interest rates, and a sneak peek at our latest deals!
https://youtu.be/MGzd-jXxNrQ?si=i52S-fUZrv_49R5z(00:33) Deal 1: Utilizing a Lazy 1031 Exchange on a Fourplex
(07:50) Deal 2: New 5% Down Multifamily Owner Occupied Loan on a Fourplex
(17:28) Deal 3: Northern Colorado New Build Construction
(27:42) Denver Real Estate Trend Updates
(29:01) Southern Colorado Real Estate Trend Updates
(34:23) Northern Colorado Real Estate Trend Updates
Links from the Podcast* Learn more about the 5% Down Multifamily Loan * Lear more about the new renters legislation in Colorado * Should you buy now or wait? * Is Denver facing a “doom spiral”? * Tax relief bill facing senate to include extension of 100% bonus depreciation
Want to check out the stats? Visit our other blog posts:
- Denver January 2024 Real Estate Market Updates
- Colorado Springs & Pueblo January 2024 Real Estate Market Updates
Ever wondered what strategic ways an IRA could contribute to your real estate investments? In this episode, Chris Lopez hosted a webinar diving into advanced IRA strategies with a keen focus on real estate investments, answering questions such as why he’s rolling over his $276k IRA from stocks to real estate or how to go about making a Roth IRA conversion. With $276k in a traditional IRA, invested according to Warren Buffett’s principles, Chris compared the projected returns of traditional stock investments to diverse real estate options within an IRA. This session wasn’t just a theoretical exploration but a practical guide on transforming your Roth IRA into a self-directed IRA. Discover the intricacies of the cutting-edge strategy Chris discussed, offering practical steps to save millions in taxes. Explore the insights from the session, where Chris presented detailed models, discussed advanced Roth conversion strategies, and shed light on the potential benefits of investing in illiquid real estate funds. The overarching theme? A comprehensive guide to optimizing IRA investments with real estate involvement, coupled with practical steps and tax-saving strategies to shape a robust financial future.
https://youtu.be/o6FzxsjLRMI00:14 – Introduction to Advanced Roth Strategies
02:06 – Chris Lopez’s Background and Investment Philosophy
03:01 – Comparing Stocks vs. Real Estate in an IRA
05:10 – Stock Investing Principles and the Buffett Strategy
07:17 – Real Estate vs. Stock Market Investment Debate
13:11 – The Decision to Shift from Stocks to Real Estate
19:01 – Exploring Self-Directed IRA Real Estate Investment Options
23:59 – Lending as an Alternative Real Estate Investment Strategy
26:09 – Passive Real Estate Investing Through Funds
30:11 – Considering a Roth IRA Conversion for Tax Savings
32:08 – The Mechanics of a Roth Conversion with Real Estate
34:00 – The Impact of Fair Market Value on Roth Conversions
36:14 – Detailed Comparison of Traditional vs. Roth IRA in Real Estate
38:44 – Final Thoughts and Personal Investment Plan Revealed
Links from the Podcast:Interested in learning more?
Email Chris: Chris@envisionrea.com
Visit Property llama Capital:https://capital.propertyllama.com/home/
It can be hard enough for the average person to start a business, let alone an individual who has faced as many struggles as today’s guest. In this inspiring episode, Kelly Mahana takes us on an incredible journey of overcoming adversity through recovery and entrepreneurship. Growing up amidst generational poverty, Kelly faced unimaginable challenges, witnessing his father’s murder at the tender age of 5 and subsequently navigating the juvenile system from the age of 10.
At 32, after serving 12 years of a 60-year sentence, Kelly was released from prison with no support system. While working minimum wage jobs, he found solace in BiggerPockets podcasts. Motivated by what he had learned and determined to make a difference, Kelly began his mission to open a sober living home.
Kelly spent what little free time had researching requirements, drafting policies and procedures, and eventually launching his very first sober living home. But it wasn’t an easy journey. Starting with just two residents for the first three months Kelly faced his next challenge. But refusing to give in and through networking, he met mentors like Jeff White who became a crucial partner in his journey.
In this episode, Kelly highlights the difference between state-run halfway houses and private sober living homes, sharing their crucial role in maintaining structure and accountability for sustained sobriety.
Delving into the operations, Kelly explains his program’s structure, with on-site house managers and a fee structure that includes a deposit and monthly payments. Partnerships, such as the master lease, have been beneficial to both Kelly and Jeff, yielding 25% higher rents and stability through handling utility and landscaping costs. This has not only increased profits for Jeff but also ensuring a secure and well-maintained environment for residents. This is a great opportunity to be inspired and discover new possibilities in an ever-changing real estate world.
https://youtu.be/FYYdqWb_g2U?si=nXlj–ZQAcvr9eJe(01:38) Kelly’s Background of Generational Poverty
(11:11) Transitioning from Prison to Real Estate Investing
(25:45) How Kelly got his First Sober Living House
(33:50) Converting a House to a Sober Living Home
(40:00) Sober Living Home Rules, Expectations, and Structure
Links from the PodcastBigger Pockets
Email Kelly Mahana: kelly@authenticrecoveryhomes.com
- LinkedIn: Kelly Mahana
- Website: Authentic Recovery Homes
- Envision Advisors
- Envision Advisors Facebook
Ever wondered how a real estate entrepreneur transitions from distressed property investments to spearheading a pioneering green building initiative? Dive into “The Strategy Behind Scaling a Company with redT Homes New CEO Vincent Deorio” as we engage in a captivating conversation with Vincent, the CEO of redT Homes. Discover the intricacies of scaling a company and the visionary plans for sustainable growth. From his start in Southern California to overseeing expansive projects in 25+ states, Vincent shares insights into the challenges and successes of his journey. Uncover how redT, under Vincent’s leadership, is set to close 160 homes in 2024, initiate 275 new units, and acquire 350 more units of land in Colorado. This episode explores the dynamic realm of green building, company scaling, and the future of redT, providing a unique perspective on success in the real estate industry.
https://youtu.be/YRcFVhmbRUM(01:28) Vincent’s experience scaling real estate companies
(12:10) Joining redT as the new CEO
(22:50) Playbook for expanding into a new market
Who is redT Homes?red T Homes is a mission-driven, values-based residential real estate development company in Denver, known for offering a comprehensive suite of services encompassing land acquisition, entitlement, design, architecture, construction, marketing, and sales. What sets them apart is their resolute commitment to “Building A Greener Colorado,” prioritizing the well-being of families and the environment. Their projects are built to a LEED Gold Certification standard or better, and they exclusively partner with developers, builders, and investors who share this commitment. As pioneers, red T is the first homebuilder west of the Mississippi to meet the rigorous US Green Building Council standards for LEED Zero Certification, resulting in the design, construction, and sale of healthy, eco-friendly new homes that combine beauty, functionality, and sustainability, making them a transformative force in the real estate industry.
Links from the PodcastCheck out our other podcasts with redT Homes:
- The Future of Eco-Friendly Homes: Nathan Adams on Building Green and Sustainable Construction
- Opportunities in Real Estate Development with redT’s Chief Investment Officer Paul Ko
Email Vincent Deorio: vincent@redthomes.com
- LinkedIn: Vincent Deorio
- Website: https://redthomes.com/
- Envision Advisors
- Envision Advisors Facebook
The December 2023 market stats for Denver and Southern Colorado are now out, and our roundtable is back to discuss what they mean. Check out the video to hear the latest trends, get updates on buyer activity, interest rates, and get the details on some of our latest deals.
https://youtu.be/RqrRjC9-rJg(01:05) Colorado Market Updates and Stats
(10:11) Fourplex Deal Analysis
(17:50) Sober Living Program Deal Analysis
(27:46) House Hack with VA Loan Deal Analysis
Links from the Podcast Denver December 2023 Real Estate Market Updates * Colorado Springs & Pueblo December 2023 Real Estate Market Updates * Envision Advisors * Envision Advisors Facebook * Don’t miss the opportunity – Final call to submit your chapter for the new book! The deadline is January 31st.* Ensure you seize this chance to contribute to our project. Submit your chapter now! Review our guidelines and start writing down your aspirations.
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE,SUITE 101/DENVER, CO
Join Chris, Jenny, and Thomas Castelli, CPA, and real estate investor in this episode for game-changing strategies for maximizing equity when selling rental properties. From the “lazy 1031 exchange” to bonus depreciation and alternative investments, Thomas breaks down key tactics to offset gains and make the most of your real estate ventures. Listen now to gain practical insights and elevate your real estate investment game!
https://youtu.be/R_Yq5DzXK_Q(10:00) What is the Lazy 1031 Exchange?
(17:14) Alternative 1031 Strategies
(22:18) 1031 Exchange for Mineral Rights
(27:50) DST [Delaware Statutory Trust]
(32:33) 721 Exchanges
Links from the PodcastWebsite: www.thomascastelli.com
- LinkedIn: Thomas Castelli
- Instagram: Thomas Castelli
- Facebook: Thomas Castelli
- Youtube: Thomas Castelli
- Tik Tok: thomascastellicpa
- Envision Advisors
- Envision Advisors Facebook
- Envision Advisors Instagram
Chris Lopez presents his investing action plan for the next market shift to the Investment Community of the Rockies (ICOR). Drawing insights from past trends and current market data, Chris explains how to pivot your strategy in order to take advantage of future opportunities. Watch now to discover his prediction for the next real estate crash and how to prepare your portfolio for financial success!
https://youtu.be/q2TPfHr4U20(04:09) Presentation: Lessons Learned from 2008
(15:20) Presentation: Where is the Opportunity Today?
(23:41) Presentation: Understanding your Real Estate Portfolio
(30:55) Q&A: Why have prices dropped so much in commercial real estate?
(42:01) Q&A: How do Denver trends compare to other markets?
(48:19) Q&A: Advice on Taking Action
(1:06:00) Q&A: Big Multifamily Operators
Links from the PodcastVisit the ICOR website Here.
Don’t forget to take a moment to write down your real estate investing goals and contribute them to the 2024 book. We’ve extended the deadline until January 31st, giving you an additional 2 weeks to sit down and review your real estate strategy for the year. Review our guidelines and start writing down your aspirations.
Are you having a hard time finding deals that pencil out in today’s market? Interested in learning more about the new 5% down payment option for multifamily homes? Join Jeff White and lender Troy Howell as they analyze two creative house hacks—a fourplex using the new 5% down payment and an 8-bedroom house hack that allowed the client to walk away from closing with a check. Don’t miss this chance to identify real deals that are working in today’s market!
https://youtu.be/kbWgrcVkLHM(04:00) Deal #1 – House Hack Fourplex with 5% Down Payment
(15:49) Deal #2 – Rent by Room House Hack
(27:40) FAQ’s about Denver deals
Deal #1: House Hack Fourplex with 5% DownClient was looking for the best situation for him and his wife to start house hacking, and the client was open to 2-4 units, so that they would have their own unit to themselves while renting out the other units, and they were pre-approved for $600k-$1 million for 2-4 units.
Investor Profile:* Investor couple with one townhome + It wasn’t a house hack * Wanting to purchase a new house hack in 2023 * Looking at 2-4 units to get privacy and house hack * Open to most locations in Denver metro * Wanted a 4 plex
Investment Property Details: * Type: Fourplex Multifamily property * Config: 4 units – 2 bedrooms and 1 bathroom per unit – 8 beds/ 4 baths total * Location: Arvada, CO * List Price: 800,000 * Over Asking Price: 810,000 * Concession: 10,000 to buy down the rate and pay off closing costs * Why we like it: + 5% Conventional Loan + 10k Seller Credit to buy down interest rate + New roof from inspection to lower annual property insurance + 2 out of 4 leases were MTM, so lots of flexibility with one unit vacant and one term lease that ends next year, so gives time to work with existing MTM tenants and plan for next year’s tenant + Arvada location close to Costco and Wadsworth Blvd, so easy access to highways and major streets
Rental Analysis Living There:Conclusion: * It appears to be a negative cash flowing property * Basically paying $2,435 per month to learn to be a self-manager and stabilize the property * Business plan to is work to increase the other two units to Section 8 market rents in the next 3-6 months or soon
Rental Analysis Living There and Stabilizing Two Units:Conclusion: Once you replace two MTM tenants with Section 8 from $1,200 below market rent to $2,201 Section 8 rents, it now makes it only $634 per month to live in this fourplex and that’s still with one term tenant at $1,250
Rental Analysis After Moving Out:Conclusion: * This is why you look at both living there and after moving out for house hack properties * This deal is amazing at all the metrics by switching to Section 8 rentals * Cash on Cash return is way above average * This deal works great as a house hack because you get your own unit
Deal #2: 8 Bedroom RBRClient was looking for his 2nd House Hack property, and he was looking for a large single family value add property that he can add bedrooms and a bathrooms to maximize the rent by room strategy.
Investor Profile:* Married Male with one child * Looking to rent out the 4 bedrooms in basement * He wanted to have 3 rooms upstairs for his family * Didn’t need to cash flow as much while living there * He was ok with rent by room strategy to get higher cashflow
Investment Property Details: Type: Single Family House * Config: 8 bedrooms and 3 bathrooms (originally 5 bedrooms and 2 bathrooms) * Location: Westminster * Price: 520,000 (Appraised at 532k!) * Purchase Improvements needed: + Adding bedrooms and bathrooms improvements with seller credits * Financing: + Nova Home Loans and CHFA Loan * Why we like it:* + Value add potential, great parking and location close to so many things + Great HVAC, Water Heater and new roof, gutters and sewer line + Clean property that shows well + Great second house hack
Rental Analysis While Living There and Renting Out Basement:Conclusion:* Client didn’t need the extra cash flow due to wanting more privacy * He was ok with just managing 4 tenants in the basement as long as he had the upstairs for himself for the next 6-12 months * He vacated his other property, so his NET NET after moving out and adding this negative cash flow was break even, so he is still growing his portfolio
Rental Analysis After Moving Out with 8 bedroom RBR:Conclusion:* After he moves out, he will be able to cash flow extremely well on a 7.375% interest rate property * He will be cash flowing almost 20k per year * He is willing to rent to with 8 rent by room tenants, and it is more work = more return * Since he was only into the property for basically $2,000, he will be able to save for the next year even faster, the velocity of money * Rent by room is an amazing strategy that yields higher than average cash flow * Client will have HH #1 Cash flowing over 1k per month, and with this one, he will be hitting almost 3k per month in cash flow
Links from the PodcastNova Home Loans: https://troyhowell.novahomeloans.com
Email Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Instagram: Troy_howell_loans
- Facebook: Troy Howell
Email Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
- Instagram: @8tofire
Who is Nova Home LoansFor over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
TROY HOWELL NMLS #311477 | 720.279.5929 *The information contained here is educational only and does not represent actual savings, rates, or financing terms.
Join Chris as he reflects on turning market challenges into opportunities in 2023 and unveils his dynamic real estate goals for 2024! From strategic “pivoting” to capitalize on rising interest rates to selling high and investing wisely, Chris shares his expert insights on creating financial and business goals for the new year! Don’t miss out on the exciting plans for Property Llama, Curtis Street Media, and Envision Advisors in the coming year! Ready for a year of real estate success? Tune in now!
https://youtu.be/bAegeleDPus(01:33) Investing Goals: 2023 vs. 2024
(09:49) Business & Entrepreneur Goals: 2023 vs. 2024
(15:38) Property Llama Growth & Goals
Create Your Investing Goals for 2024Take a moment to articulate your real estate investing goals and contribute them to the 2024 book. Everyone is invited, regardless of where you stand in your investing journey. Review our guidelines and start writing down your aspirations.
Don’t miss out— Submissions due January 15th, 2024
Steve Hickox, founder of 1031X, joins Chris for an in-depth guide on how to use 1031 exchanges to defer capital gains and propel your wealth creation! 🏡 Dive into the basics, unleash tax savings, and accelerate your portfolio growth. Legal and historical insights included! Don’t miss this guide to maximizing gains and minimizing taxes for savvy investors!
https://youtu.be/hNE8Q6MVBOI(02:18) History of the Modern 1031 Exchange
(08:17) What is a 1031 exchange?
(15:32) How does it work?
(26:00) What qualifies for “like-kind” requirement?
(43:40) Benefits + Important Rules
Links from the PodcastEmail Steven W. Hickox: steve1031x@gmail.com
- 1031X Website
- Envision Advisors
- Envision Advisors Facebook
- Envision Advisors Instagram
After a big rate hike in November, are interest rates finally on the downward trajectory? The November 2023 market stats are out, and our roundtable is back to discuss what they mean and how the Colorado real estate market is trending. Get updates for Denver, Colorado Springs, and Northern Colorado; find out what our experts think about the effect of new interest rates; and get the details on some of our latest deals!
https://youtu.be/5n20WBsZFJM(01:06) Colorado Stats and Market Updates
(12:01) Deal #1- Deal with Seller Financing
(19:27) Deal #2- New Build Construction Deal
(25:16) Lending trends in the new build construction space
(32:00) Deal #3 Greeley Deal
Links from the Podcast* Denver November 2023 Real Estate Market Updates * Colorado Springs & Pueblo November 2023 Real Estate Market Updates * Envision Advisors * Envision Advisors Facebook * Envision Advisors Instagram
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE,SUITE 101/DENVER, CO
Unlock the secrets of investing in new build construction in Northern Colorado! Our agents, Steve Medina and Newt Wyler are joined by experienced lender, Troy Howell, to dive into the world of new builds. From scoring builder discounts to dodging beginner pitfalls, discover the insider secrets that builders won’t share. If you’re eyeing your next rental property, don’t miss out on this guide to navigating the world of new build construction in Northern Colorado!
https://youtu.be/burse7uQkI0(02:44) Benefits of Buying New Construction
(16:40) What Can You Expect for Rent?
(26:35) Lending Considerations for New Builds
(31:33) Challenges of Buying New Construction
(44:05) How do Construction Delays Affect the Loan?
(47:16) HOAs, Taxes, Appraisals, and Inspections
Links from the PodcastNova Home Loans: https://troyhowell.novahomeloans.com
Email Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Instagram: Troy_howell_loans
- Facebook: Troy Howell
Email Steve Medina: steve@envisionrea.com
- LinkedIn: @SteveMedina
- Instagram: mongocolorado
Email Newt Wyler: newt@envisionrea.com
- LinkedIn: Newt Wyler
- Instagram: Newt Wyler
- Envision Advisors
- Envision Advisors Facebook
- Envision Advisors Instagram
Who is Nova Home Loans?For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT COPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE,SUITE 101/DENVER, CO 80237 WWW.NMLSCONSUMERACCESS.ORG/ENTITYDETAILS.ASPX/COMPANY/3087
Dive into the secrets to Shriganesh Kolhe’s double house hacking triumph on today’s podcast with Chris, Jeff, and Troy. Learn how he achieved rent-free living, paying little to no money down on both properties. From adding bedrooms to securing seller credits, Shriganesh shares key strategies and tips for successful house hacking in high-interest rate markets. Tune in for your blueprint to house hacking success!
https://youtu.be/VuX3vk5tz3c(06:05) 1st House Hack for only $3K out of pocket
(16:05) 2nd House Hack for No Money Out of Pocket
(21:48) Breakdown of Financing and Seller Credits
(28:43) House Hack Process – Timing Tips
(39:28) Future Real Estate Investment Plans
Links from the PodcastNova Home Loans: https://troyhowell.novahomeloans.com
Email Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Instagram: Troy_howell_loans
- Facebook: Troy Howell
Email Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
- Instagram: @8tofire
Email Shriganesh Kolhe: ganeshkolhe4392@gmail.com
- Linkedin: Shriganesh Kolhe
- Instagram: @shriganesh_k
- How to Self-Manage Your Rental on Autopilot Course
- Envision Advisors
- Envision Advisors Facebook
- Envision Advisors Instagram
Who is Nova Home LoansFor over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
TROY HOWELL NMLS #311477 | 720.279.5929 *The information contained here is educational only and does not represent actual savings, rates, or financing terms.
Dive into the world of real estate development with Chris Lopez and Paul Ko, Chief Investment Officer at redT. In the wake of the 2008 financial crisis, Paul’s family development company faced bankruptcy, providing him with a crash course in the volatile nature of the real estate market. Fast forward to 2010, and we find Paul house hacking a fourplex property, a pivotal moment that ignited his passion for real estate investing. Paul shares insights into the evolving landscape of development, and redT’s strategic game plan for the upcoming wave of deals in 2024. Watch now to learn about redT’s incubator program and seize your chance to ride the wave of unique investment opportunities!
https://youtu.be/tkEJoTUz0-E(04:16) How Paul started developing properties
(08:06) redT’s Incubator Program for Investors
(14:10) Next 2008 crash – what are the opportunities?
(23:50) redT deals: Limited Partner investing
Links from the PodcastLink to Remarkable Tablet: https://remarkable.com/store/remarkable-2
Email Paul Ko: paul@redthomes.com
- LinkedIn: Paul Ko
- Envision Advisors
- Envision Advisors Facebook
- Envision Advisors Instagram
Who is redT Homes?red T Homes is a mission-driven, values-based residential real estate development company in Denver, known for offering a comprehensive suite of services encompassing land acquisition, entitlement, design, architecture, construction, marketing, and sales. What sets them apart is their resolute commitment to “Building A Greener Colorado,” prioritizing the well-being of families and the environment. Their projects are built to a LEED Gold Certification standard or better, and they exclusively partner with developers, builders, and investors who share this commitment. As pioneers, red T is the first homebuilder west of the Mississippi to meet the rigorous US Green Building Council standards for LEED Zero Certification, resulting in the design, construction, and sale of healthy, eco-friendly new homes that combine beauty, functionality, and sustainability, making them a transformative force in the real estate industry.
Paul DeSalvo, a firefighter turned real estate investor, joins us to share his journey from first responder to financial freedom. Discover how he and his wife transformed $250K of equity into 100 doors and why real estate is a great financial safety net in the face of an unexpected medical retirement. Tune in for the roadmap to securing your retirement and financial independence as a firefighter!
Join Paul’s mission: helping firefighters and first responders achieve financial freedom. Reach out and join his upcoming classes to build wealth through real estate investing!
https://youtu.be/-MYiBOHJGLk(01:29) Firefighter to Real Estate Investor Journey
(06:04) Starting a Real Estate Investing Side Hustle
(18:45) Transitioning from Apartments to Retail Centers
(23:04) Preparing for Financial Punches – Cash Reserves 29:43 Financial Back Up Plans for Sudden Medical Retirement
(35:45) Fire on Fire: Classes for Firefighters to Build Wealth
Links from the PodcastEmail Paul Desalvo: firehouserealtyco@gmail.com
Firehouse Realty: www.finddenvermetrohomes.com
- LinkedIn: Paul Desalvo
- Instagram: firehouserealty
- Envision Advisors
- Envision Advisors Facebook
- Envision Advisors Instagram
Book Mentioned:
- Trump University Commercial Real Estate 101: How Small Investors Can Get Started and Make It Big:https://www.amazon.com/Trump-University-Commercial-Real-Estate/dp/0470380357
Dive into the latest Colorado Housing Market Update! Our experts break down October trends, home prices, new construction deals, and discuss the significant impact of even a slight interest rate drop on buyers’ purchasing power. Stay informed with key insights for navigating the evolving real estate landscape!
https://youtu.be/f6VFRpUwdu8(00:50) Colorado Housing Market Trends and Prices
(07:51) 5% Down Payment-Multifamily Deal
(17:08) New Construction Deals and Discounts
Links from the Podcast* Denver October 2023 Real Estate Market Updates * Colorado Springs & Pueblo October 2023 Real Estate Market Updates * Colorado Landlord Legislative Coalition * Envision Advisors * Envision Advisors Facebook * Envision Advisors Instagram
Interested in Speaking to a Lender?Reach out to Troy Howell at Nova Home Loans: troy.howell@novahomeloans.com
*The information contained here is educational only and does not represent actual savings, rates, or financing terms.
Unlock Financial Independence for Your Kids with House Hacking! Nurture their entrepreneurial spirit AND empower their financial future all in one by teaming up on a house hack. Join Chris Lopez, Steve Medina, and Lender Troy Howell for expert tips and insights, guiding you from credit building to smart loan structures. Set your kids on the path to success with these strategies!
https://youtu.be/0nj-IDN8Y9o(01:24) Benefits of partnering with your kids on a house hack
(11:58) How to build your kids’ credit scores
(18:50) How to structure the loan for a house hack partnership
(21:15) Criteria checklist for finding the right house
(38:09) Any negative impacts on liability or debt to income ratio?
(45:30) Common mortgage fraud mistakes
Links from the PodcastNova Home Loans: https://troyhowell.novahomeloans.com
Email Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
- Instagram: Troy_howell_loans
- Facebook: Troy Howell
Email Steve Medina: steve@envisionrea.com
- LinkedIn: @SteveMedina
- Instagram: mongocolorado
- Envision Advisors
- Envision Advisors Facebook
- Envision Advisors Instagram
Who is Nova Home LoansFor over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT COPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE,SUITE 101/DENVER, CO 80237 WWW.NMLSCONSUMERACCESS.ORG/ENTITYDETAILS.ASPX/COMPANY/3087
Have you ever wondered what it takes to build a greener future while revolutionizing the way we construct our homes? In this episode, Chris Lopez dives deep into this question with Nathan Adams, former CEO and current Chief Acquisitions Officer at redT Homes, as they unveil an exciting update on their mission to pioneer greener homes.
Since their last appearance, redT Homes, has made remarkable progress, achieving LEED Platinum certification for their homes and now setting their sights on the prestigious LEED Zero certification, signifying their dedication to net-zero energy consumption over 12 months.
With a new CEO at the helm, redT Homes is poised for expansion, with ambitions to tap into 5-8 regional markets in the next five years. Furthermore, Nathan, explains his decision to step down as CEO, sharing invaluable business advice on entrepreneurial growth.
If you’re intrigued by the future of sustainable housing and the empowerment of emerging developers, don’t miss this episode.
Note: The Gross Margin formula was described incorrectly. The correct formula is: Average profit per unit divided by Average sales price per unit
https://youtu.be/uJMBDh4nwsQ(03:16) Trends for building green
(08:55) redT Homes low interest rate products
(13:00) What’s going on in the development landscape?
(29:50) Scaling redT Homes with a new CEO
(42:53) Advice for entrepreneurs scaling a business
Links from the PodcastWhy This Denver Developer Is Pivoting to Eco-Friendly Homes
Red T website: https://redthomes.com/
Email Nathan Adams: nathan@redthomes.com
- LinkedIn: Nathan Adams
- Instagram: Nathan Adams
- Facebook: Nathan Adams
- Envision Advisors
- Envision Advisors Facebook
- Envision Advisors Instagram
Who is RedT Homes? red T Homes is a mission-driven, values-based residential real estate development company in Denver, known for offering a comprehensive suite of services encompassing land acquisition, entitlement, design, architecture, construction, marketing, and sales. What sets them apart is their resolute commitment to “Building A Greener Colorado,” prioritizing the well-being of families and the environment. Their projects are built to a LEED Gold Certification standard or better, and they exclusively partner with developers, builders, and investors who share this commitment. As pioneers, red T is the first homebuilder west of the Mississippi to meet the rigorous US Green Building Council standards for LEED Zero Certification, resulting in the design, construction, and sale of healthy, eco-friendly new homes that combine beauty, functionality, and sustainability, making them a transformative force in the real estate industry.
Join us as we unravel the complexities of Denver’s real estate landscape. While high interest rates and dwindling inventory suggest a bleak outlook, there are still great opportunities for investors! Using precise data and trends, we share strategies and opportunities we’re seeing for 2023. Listen now to empower yourself to make strategic portfolio decisions!
https://youtu.be/_lJjpz5lrWg(03:03) Executive Summary of Denver Market
(07:17) Market Data, Trends and Prices
(26:00) Legislative Headwinds for Landlords
(28:29) Strategy Matrix: Where is the Opportunity?
(30:44) Cash Flowing Deal Analyses
(46:15) Opportunities for Redeploying Equity
Links from the PodcastEmail Matt Amundson: matt.amundson@propertyllama.com
Email Chris Lawhead: chris.lawhead@propertyllama.com
- Instagram: Matt Amundson
- LinkedIn: Matt Amundson
- Facebook: Matt Amundson
- LinkedIn: Christopher Lawhead
- Instagram: Chris Lawhead
- YouTube: Capital Stewardship with Chris Lawhead
- Envision Advisors
- Envision Advisors Facebook
- Envision Advisors Instagram
The September 2023 market stats are out, and our roundtable is back to discuss all the trends. Finding deals that work in this high-interest rate, low-inventory environment is tough, but we have the insights to help you succeed in this market. Listen now to learn the best strategies and essential news on landlord legislations and new lending options for multifamily properties.
https://youtu.be/ckNkXUsNCAM(01:22) Southern Colorado Housing Market
(06:50) Northern Colorado Housing Market
(11:42) Denver Housing Market
(19:47) News: 5% Down Conventional Loan for Duplex, Triplex, Fourplex
(24:03) News: 2023 Colorado Landlord Regulations
Links from the Podcast* Denver September 2023 Real Estate Market Updates * Colorado Springs & Pueblo September 2023 Real Estate Market Updates * Portfolio Analysis Mastermind: Take your investment to the next level * The Hidden Dangers: How New Colorado State Laws Threaten Small Landlords * Colorado Landlord Legislative Coalition * Envision Advisors * Envision Advisors Facebook * Envision Advisors Instagram
Troy Howell, a seasoned lender from Nova Home Loans, joins Chris Lopez to discuss the crucial role lenders play in home buying. Explore best practices and all-too-common mistakes affecting lendability, including credit card and credit score missteps. Learn the secrets to a successful home buying process by finding a lender who truly understands your goals!
https://youtu.be/wZSdozZofJ8(03:00) Analyzing and Optimizing a Credit Score for a Mortgage Loan
(11:26) Considerations for Buydowns and Pre Paying Mortgage Insurance
(22:26) The Value of the Lender in the Closing Process
Links from the PodcastNova Home Loans: https://www.novahomeloans.com/
Email Troy Howell: troy.howell@novahomeloans.com
- Website: Troy Howell
- LinkedIn: Troy Howell
- Instagram: Troy_howell_loans
- Facebook: Troy Howell
- Envision Advisors
- Envision Advisors Facebook
- Envision Advisors Instagram
Who is Nova Home LoansFor over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT COPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE,SUITE 101/DENVER, CO 80237 WWW.NMLSCONSUMERACCESS.ORG/ENTITYDETAILS.ASPX/COMPANY/3087
Join Chris Lopez, Jenny Bayless, and Daniel Muldoon, President of the Colorado Landlord Legislative Coalition, as they dissect the latest state legislation impacting landlords in Colorado for 2023. Daniel explains the new rules for tenant eviction, screening, financial standards, habitability, and the implications of these changes. Prepare for what lies ahead and discover ways to advocate for small landlords.
https://youtu.be/trCqJ6_CExk(04:00) Rental Income Limitations
(16:45) Pet Rental Fee Changes
(20:05) Profit Restrictions on Fees
(30:58) Habitability Requirement Changes
(38:11) Landlords Exiting Rentals and Self Management
(41:06) Just Cause for Eviction: Potential Bill for 2024
(47:15) Radon Requirements + Other Major Changes
Links from PodcastColorado Landlord Legislative Coalition: https://coloradolandlordlegislativecoalition.org/
Connect with Daniel Muldoon:
Email: Daniel@muldoonassociates.com
www.muldoonassociatespm.com
We’re bringing back a previous webinar where Chris Lopez sits down with short-term rental experts, Shalom Kaiser and Jonathan Scheiner from AirSimplicity, to dive into the most pressing issues facing short-term rental owners. You will learn how to navigate the complexities of the current STR market and make informed decisions that drive profitability!
https://youtu.be/C2A6_kTJW4Y(03:35) Regulatory Climate: What to look out for when purchasing an STR
(14:32) High Level Outlook: National & Local Data
(29:56) Deal Dives and Operational Finances
(45:35) Industry Trends: What to be looking out for
(51:17) Tips, Tricks & Best Practices
Links from the Podcast* AirSimplicity Website * Air Simplicity Phone number: 720-770-1928 * Email: shalom@airsimplicity.co
The August real estate market updates are out! Find out what’s happening along Colorado’s Front Range. Our roundtable discusses the challenges of finding cash flow, the creative strategies that are paying off, and essential tips for selling property to reposition equity.
https://youtu.be/EOEKr–VImA(02:11) Colorado Real Estate Market Updates
(06:40) The Type of Deals that Cash Flow Right Now
(12:12) BRRR strategy VS. Room by Room Rental
(19:30) Considerations for Selling Properties
Links from the Podcast* Denver August 2023 Real Estate Market Updates * Colorado Springs & Pueblo July 2023 Real Estate Market Updates * Envision Advisors * Envision Advisors Facebook * Envision Advisors Instagram
Chris Lopez sits down with Chris Lawhead, who turned his life around from deep medical debt and a musician’s income to becoming a successful real estate investor. Discover how he paid off half a million dollars in debt and gained expertise in rentals, syndications, and agricultural investing.
Who is Christopher Lawhead?After an extremely challenging family illness that left Chris financially devastated, he turned to Real Estate to dig out of medical debt and turned into a thriving Lender and syndicator. His next evolution in Real Estate has brought him to Private Equity, where he’s launched an Ag Debt Fund, and has most recently partnered with Property Llama Capital as the head of Investor Relations.
https://youtu.be/p20H7hX3orw(01:00) Paying off a medical debt nightmare
(07:16) First multifamily deal with no experience
(13:19) Tips for transitioning into a real estate career
(16:22) What is the agricultural investing world like?
(21:53) Why Switch from syndicating deals to passive investing?
Links from the PodcastEmail Chris Lawhead: chris.lawhead@propertyllama.com
- LinkedIn: Christopher Lawhead
- Instagram: Chris Lawhead
- YouTube: Capital Stewardship with Chris Lawhead
Join us as we explore the versatile world of real estate investing with Matt Amundson, a master of multiple strategies. Discover the art of adapting to changing markets for maximum success.
Matt Amundson is a seasoned investor as well as Property Llama’s Senior Investment Relations Representative. Matt began his investment journey 16 years ago, focusing initially on flipping single family properties in Denver and adding rental properties to his portfolio. Over the years, he expanded his real estate endeavors by engaging in multi-family deals both in and out of state. Through these experiences, he gained a profound appreciation for the collaborative nature of real estate investing.
As a licensed broker, Matt is dedicated to assisting his clients in optimizing their portfolios to achieve their financial objectives and maximize returns. More recently, he has transitioned towards a more passive investment approach and is eager to impart the potential and effectiveness of this strategy to others.
https://youtu.be/fKUbMinWkRY(02:39) Started Investing with House Flipping
(12:01) Balancing a Family and Active Real Estate Investing
(15:55) Out of State Investing Lessons and Mistakes
(21:57) Struggling with Deal Flow until Portfolio Analysis
(26:25) Selling Properties to Switch to Passive Investing
(31:59) What is an Investing Ladder?
Links from the PodcastEmail Matt Amundson: matt.amundson@propertyllama.com
- Instagram: Matt Amundson
- LinkedIn: Matt Amundson
- Facebook: Matt Amundson
Join Chris Lopez and real estate investor Joey Schneider as they discuss Joey’s bold move from a comfortable 9-5 job to follow his passion in real estate. Learn the habits, routines, and mindset that drove his transformation, and uncover the unexpected challenges and ultimate rewards of chasing your dreams!
https://youtu.be/ykAcIVOGBxc(08:45) the power of routines and habits for productivity
(15:15) the struggle to stay productive as an entrepreneur
(27:13) how and why to build a good team
(31:00) advice for starting your full time business
Links from the PodcastEmail Joey Schneider: schneiderttu@yahoo.com
- Linkedin: Joey Schneider
- Instagram: Joey Schneider
- Facebook: Joey Schneider
- Miracle Morning: https://miraclemorning.com/
- The 5AM Club: https://www.amazon.com/AM-Club-Morning-Elevate-Life/dp/1443456624
- Crushing It in Apartments and Commercial Real Estate: How a Small Investor Can Make It Big: https://www.amazon.com/Crushing-Apartments-Commercial-Real-Estate-ebook/dp/B01N6DKA10
- Envision Advisors
- Envision Advisors Facebook
- Envision Advisors Instagram
The Ultimate Real Estate Investor's Guide to Thriving in Northern Colorado's Booming Market
Where is the best place to invest TODAY? Join Chris as he delves into the multifamily space, highlighting its potential for high returns and optimal financing in today’s market.
From Corporate Worker to Real Estate Professional: Learn how Steve Medina acquired 5 rental properties in just 18 months.
Stay informed and make sound investment decisions with our comprehensive analysis of the latest June 2023 real estate market updates in Colorado Springs and Pueblo.
Stay informed on the latest news and opportunities in the Colorado Springs rental market!
How can a cost segregation study put real money back in your pocket through tax savings? Find out from an expert!
What do we plan on doing with the money we raise to turn Property Llama into a billion dollar company? Find out how we plan to scale and don’t miss the webinar on July 13th at 12 MST for an inside look.
Discover the overlooked keys to building a billion-dollar company as we unveil Property Llama's strategy for success. And don’t miss the webinar on July 13th at 12 MST for an inside look at our plan for expansion.
How is the real estate market along the Front Range shaping up for the summer? We’ve got the stats, trends, and updates for May 2023 and our roundtable of experts is here to break it all down for you. From discounted new builds in Northern Colorado to cash flowing buy and hold properties in Pueblo, we’re covering all of the strategies working right now.
Lender and investor Joe Selander sits down with us to talk about his experience investing and how he’s pivoting to offer his clients more loan products in a high interest rate environment. Listen to the episode to find out how you can find the best lending options in today’s market.
Are you thinking about investing in a second home in the mountains? Check out these 9 factors to consider first with agent Amy Nakos. She walks us through what it’s really like to own a mountain home, covering everything from how to make a lifestyle choice to what your HOA dues will cover. Listen to the podcast to learn if buying a second home in Colorado’s mountains is right for you.
Don’t get overwhelmed by the idea of beginning your real estate investing journey! Jeff White joins Chris Lopez, Ben Einspahr and Troy Howell to talk about how he’s gone from 0 to 8 properties in just 6 years by building his house hack stack. Listen to the episode to learn how to get started and find out what mistakes to avoid. He’s walking us through each property and sharing his insights and lessons learned.
Worried about passing your Denver Rental License inspection? Don’t be! We’re sitting down with inspector Andy Rhodes, who’s completed 3900 inspections already, to talk about the top 3 reasons landlords fail and how to avoid them. Learn how Andy’s company CCI is helping homeowners hit the “easy button” when it comes to passing your inspection.
What’s going on in Colorado real estate? We’ve got the April 2023 market updates and trends, and our roundtable of experts is back to discuss what they mean. Envision Advisors agents Jenny Bayless, Preston Newberry, and Newt Wyler joined me to talk about all the trends we’re seeing along the front range, from Pueblo to Northern Colorado.
Three Learning Options!1. Listen to the podcast “#448: April 2023 Market Updates: Will Sales Prices Bottom Out?” Denver Real Estate Investing Podcast 2. Watch the YouTube video. 3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. In all markets, median sales prices are down year over year, and we’re keeping our eyes on this stat to see how the current busy season impacts it over the next few months. Now is a good time to be a seller—a well-priced property has a good shot at going over list price. However, buyers also have room to ask for concessions since there are plenty of properties that have been sitting on the market for a while.
In This Episode We Covered* Great deals we can’t believe are on the market: opportunities for room by room rentals in Greeley, an updated duplex in Aurora with the potential for a 6% cap rate, and a fourplex in Pueblo listed for just $400K! * I asked the panel whether or not I should sell one of my investment properties. It’s a house with a backyard ADU that’s currently vacant. You might be surprised by their answers! * Property tax assessments just came out and many owners are seeing their home values jump. If yours seems off, most counties have a June deadline for objections. * Denver rental licenses are due by January 1st of next year. If you own a rental property in Denver, make sure you get the process started now—you don’t want to get caught up in the rush and get stuck waiting for an approval. Worried about navigating the process? Check out our recent webinar on Your Ultimate Guide to Passing the Inspection. * Sign up for our weekly deals email: every week we send out an email with properties for sale along the Front Range that would make great investments.
Denver Market Stats and Observations for April 2023Active Listings* Up 44% from April ‘22 + Homes +33% + Condos +80% * Up slightly from March ‘23 * At 4,600, it’s still a lot less than historically we would anticipate. + The average number of listings at this time of year: 14,300.
Pending* Down 18% from this time last year + This is consistent with the past few months in Denver. + It’s also consistent with the national trends. + Until we see a meaningful uptick in buyers applying for a mortgage (which has been mired at ten-year lows), it’s not really possible for this to improve. * Up 11% from last month + That’s about in line with what we’d expect from seasonality. + The inventory didn’t grow much from last month, but the UC count grew faster. + That suggests that homes are selling fast (and we did see that DOM declined a lot from last month) * If we don’t see an uptick in the new inventory getting brought to the market, we might see more competition of what few listings we do have available.
Closed Count* Off 30% from April ‘22 + Homes and Condos – similar performance * Off 8% from March ‘23 + This is really odd; historical seasonal patterns would lead us to expect a decent uptick. * Looking ahead, the Fed likely had their last rate increase (5/03), and we saw the ten-year treasury drop a little as a result. + The home mortgage rates are heavily influenced by the ten year. + A trend to lower rates will help. + However, the new property taxes are a LOT higher for most homes, which will hurt the ability of buyers to qualify. + The lawmakers are discussing reducing the increase of the property taxes – we will see if they can agree, and how fast it will take for any relief to be issued.
Average Price* Off 6% from April ‘22 + This decline is generally consistent with what we have seen in the last few months. + As we have been discussing, we don’t anticipate a repeat of the 2008/09 declines. + Homes and condos had similar declines. + We’re seeing declines in almost all western US cities; Denver’s declines have been less than most (e.g., Seattle, SFO, LA) * Overall, $682,000 on average + Home: $772,000 + Condo: $472,000 * Up 3% from March ‘23 + This is relatively normal for seasonality.
Days on Market* Up to 29 days in ’23 from 9 in April ‘22 * Down from 37 days last month (normal trend)
Discounts* Overall, the average property sold for 0.4% above the asking price. + Last month the average was a 0.2% discount. + A year ago it was a 6.4% premium.
Colorado Springs Market Stats and Observations for April 2023New Listings* Homes + Up 6% from last month + Down 33% from last year * Condos + Up 3% from last month + Down 16% from last year
Sales Count* Homes + Up 1% from last month + Down 27% from last year * Condos + Down 14% from last month + Down 38% from last year
Sales Price* Homes + Up 2% from last month + Down 5% from last year * Condos + Up 2% from last month + Down 6% from last year
Inventory* Homes + Up 7% from last month + Up 64% from last year * Condos + Up 2% from last month + Up 205% from last year
Note: The above Executive Summary is from Lon Welsh of Your Castle Real Estate.
Denver Housing Trends for April 2023Colorado Springs Housing Trends for April 2023
Accessory Dwelling Units (ADUs) are a hot topic right now. As housing shortages spread throughout the country, many areas are looking to ADUs to help increase housing density. In Denver, more and more neighborhoods are changing their zoning rules to allow blanket approval for homeowners to build an ADU on their property. What’s the best way to build and finance an ADU? Derek Sherell–That ADU Guy–joins us to talk about how to get your ADU up and running.
Three Learning Options!1. Listen to the podcast “#447: Not Sure Where to Start with an ADU? That ADU Guy Shares His Best Strategies and Tips” Denver Real Estate Investing Podcast 2. Watch the YouTube video. 3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. Derek has been building and renting out ADUs for the better part of 30 years and is a big proponent of these structures both as investments and as a way to create affordable housing. He’s sharing his methods for building ADUs at $100 per square foot, the steps you need to take to get an approved ADU, and different financing options to build an ADU without breaking the bank.
If you’re wondering if it’s a good idea to build on your property, check out the episode to find out why Derek thinks Denver is one of the few markets where you can’t lose with ADUs. Be sure to visit Derek’s website for more information and even free floor plans!
In This Episode We Covered:* Why Denver is a great market for ADUs and the evolving local ordinances that are making it easier to build. * The importance of getting in touch with your local zoning office to make sure you can build an approved ADU. * The steps you need to take to get your ADU approved, and the 2 “poison pills” to watch out for. * Various financing options if you want to build the ADU yourself. * The future of ADUs as the need for more housing increases.
Links from the Episode:* That ADU Guy website * Derek’s Instagram * Derek’s YouTube Channel * Our 4-Part ADU series
None of us start out knowing everything there is to know about a given topic. We get where we want to be by learning, and the best way to learn is from someone who’s already doing it. Fort Collins agent and investor Patrick Soukup knows firsthand the power of these mentorships, thanks to the people who have helped him along his real estate investing journey.
Three Learning Options!1. Listen to the podcast “#446: How Patrick Soukup Went from Injured College Athlete to Real Estate Entrepreneur” Denver Real Estate Investing Podcast 2. Watch the YouTube video. 3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. When an injury ended Patrick’s athletic career in college, he wasn’t sure what would come next. Luckily, he had a friend in a similar position whose dad was there to give them guidance. He took them out to dinner and told them that just because their athletic careers were over didn’t mean their lives were, too. He helped them get started in real estate investing by setting them up with their first fix and flip. They each netted $6K and Patrick was sold.
From there, Patrick turned to another real estate guru for guidance—his uncle. Back in the 1980s, his uncle bought a lot of property in Fort Collins, so he had Patrick start working for him as a leasing agent. Patrick learned the ins and outs of managing properties and worked his way up over the next decade. Now, Patrick runs his own brokerage and continues to invest, adding 1-2 units to his portfolio every year–he currently has $3MM in equity! Learn more about his journey and what advice he has for anyone who wants to follow this path.
To connect with Patrick, shoot him an email at patrick@soukuprealestate.com.
In This Episode We Covered* Many Colorado property owners are sitting on a goldmine of equity. What’s the best way to tap into this equity? * Why being patient, if not a little boring, can pay off when you purchase buy and hold investment properties. * Fort Collins has changed a lot since Patrick started investing, and today this dynamic city has a lot to offer investors. * Is out of state real estate investing a good idea? Knowing the ins and outs of your local market is invaluable, but there can be great benefits to investing in other areas, too. * The benefits of mentorships and masterminds in real estate and other areas of business or life.
Links from the Episode* Soukup Real Estate Services * Living in Fort Collins Colorado YouTube Channel * Patrick’s Instagram * Property Llama Portfolio Analysis
The spring selling season is here, and we’re back with your March 2023 market updates for the Front Range: Pueblo, Colorado Springs, Denver, and northern Colorado. The markets in Colorado Springs and Denver are heating up, with prices rising month over month, though we’re still a long way from a balanced market. Northern Colorado, our most geographically diverse market, is seeing increased sales everywhere, though prices are down a bit in Longmont and Greeley. Overall, we’re excited about where things are going, and think next month’s stats will show increased activity, despite a somewhat slow start to the year.
Three Learning Options!1. Listen to the podcast “#445: March 2023 Market Updates: Where Are We Seeing the Best Deals for Investors?” Denver Real Estate Investing Podcast 2. Watch the YouTube video. 3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. In This Episode We Covered* We’re seeing more buyer interest in every market, and we looked at some great deals in Pueblo, Parker, and Thornton. * Rental activity is picking up everywhere, which allows landlords to push rents. * One listener suggested we use the Case Schiller Index. That’s a great question that leads to another one—what other metrics do you think we should use to evaluate the market? Let us know!
Denver Market Stats and Observations for March 2023Active Listings* Up 103% from last year + Homes +94% + Condos +127% * Total active = 4,500 + Historically, we average 13,600 listings now. + While inventories are up, it’s still a tight market. + March ’21 (remember how tight that was?) was the record low with 1,900 listings. + Normally, we’d expect March to have 7-10% more listings than February. This year, the listings grew 20%. Nice to see some more sellers coming to market! * In our last “normal” market pre-COVID, in Mar ’19 we had 6,300 active listings.
New Listings* 4,500 in Mar ’23 vs 2,200 in March ’22 (+105%) + The mortgage rates and the bad economic news started in March ’22. + Sellers are getting used to this new environment and are more comfortable. * We’ve had 11,400 new listings YTD. + In our last “normal” market pre-COVID, in Mar ’19 we had 16,100 new listings YTD. + I’m encouraged by the strong growth in new listings in March, but we’re still behind pace. + Lower interest rates – perhaps a year away when we’re past the recession – will likely encourage more sellers to come to market.
Pending* 4,300 in March ’23 vs 4,900 in March ’22 (-12%) + Recall in 4Q22 our pending counts (when mortgage rates were at/near 7%) were off 30-40% from prior year. + While rates have improved somewhat, it seems buyers and sellers are acclimatizing to the new rate environment after a year. + It’s not “business as usual” like pre-COVID 2019, but it’s closer. * Hopefully, the strong inventory increase in March will result in a good bump in pending deals by end of April.
Closed Unit Count* Down -21% from last year + Homes -19% + Condos -25% * Overall, 3,800 sales closed.
Average Price* Down -5% from last year + Homes -6% + Condos -4% * The overall average price was $665,000.
Average Days on Market * Up 208% from last year (now 37 days vs 12) + Homes: 39 days (+255%) + Condos: 33 days (+175%) * 37% of homes required at least one price reduction to sell. + In November (likely the bottom of this market cycle), 58% of homes required a price cut.
Colorado Springs Market Stats and Observations for March 2023New Listings* Homes + Up 45% from last month + Down 23% from last year * Condos + Up 26% from last month + Down 13% from last year
Sales Count* Homes + Up 38% from last month + Down 21% from last year * Condos + Up 56% from last month + Down 35% from last year
Sales Price* Homes + Up 5% from last month + Down 3% from last year * Condos + Down 1% from last month + Down 7% from last year
Inventory* Homes + Up 3% from last month + Up 110% from last year * Condos + Up 5% from last month + Up 219% from last year
Note: The above Executive Summary is from Lon Welsh of Your Castle Real Estate.
Denver Housing Trends for March 2023Colorado Springs Housing Trends for March 2023Get Started Building Your Own Rental Property PortfolioIf you’re interested in buying an investment property and want to know what’s on the market now, sign up for our weekly deals list email.
For most real estate investors, there’s a pivotal moment that makes them realize they need to make a major change. For Eric Garber, that moment came in 2015 when he was hit by two atomic bombs: he got divorced, and his company of 12 years froze their pension plan. Faced with the loss of both 30% of his net worth and the 7-figure pension, he knew he needed to try something different. He started reading books and talking to people he knew and decided that real estate investing would get him on the road to financial freedom.
Three Learning Options!1. Listen to the podcast “#444: How Real Estate Investing Saved Eric Garber’s Financial Future” Denver Real Estate Investing Podcast 2. Watch the YouTube video. 3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. He started by house hacking, and then moved into multifamily investing with a fourplex and investing in a syndication. Being able to compare the fourplex and syndication side by side gave him clarity on his long-term goals. Even with property management, the fourplex required a lot of his attention and the returns didn’t feel worth the level of effort he was putting into it. Meanwhile, the syndication was simply netting him money with no effort on his part.
After working with the syndicators for a few years, he realized he wanted to get more involved. Now, he works with Regency Investment group as an Investor Advocate. In addition to raising capital, he’s helping educate current and prospective investors on syndications. Real estate is a powerful tool you can use to achieve your goals. Whether you’re just starting out or already well on your way, Eric’s story is sure to inspire you.
In This Episode We Covered* How powerful house hacking can be, even when you have some questionable roommates * Multifamily investing and the way its cash flow can fund your retirement * How syndications offer investors a great return on investment with much less energy than actively managing rental properties * The power of leverage in real estate investing to boost investment returns and put you on the road to financial freedom
Links from the Episode* Rich Dad, Poor Dad * Set for Life * Regency Investment Group * Is the Latte Lie Costing You Millions? * Investment Case Study 2023 * Eric’s contact info: + Instagram + LinkedIn + eric@regencyinvestmentgroup.com
Help Us Out!We want to know what you want to hear! What struggles are you having in your real estate investing journey? Anything have you stumped? What will help you level up your investing game?
We want to know!
Please send an email to hello@curtisst.media to submit your answers!
Check out the podcast below!
Envision Advisors started by offering investment real estate services in Denver, then expanded down to Colorado Springs and eventually Pueblo. Today, we’re excited to announce that we’ve teamed up with Your Castle Real Estate’s Newt Wyler to expand our team up to northern Colorado! Newt is a great agent who’s eager to help you invest in northern Colorado.
Three Learning Options!1. Listen to the podcast “#443: Lower Prices and Strong Returns: Why You Should Invest in Northern Colorado” Denver Real Estate Investing Podcast 2. Watch the YouTube video. 3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. Newt was inspired to become a real estate agent in 2014 when he observed his wife sell her home using the For Sale by Owner process and they lucked out with great investor buyers. He got licensed in both Colorado and Wyoming in order to help more people and is well versed in both the northern Colorado and Wyoming markets.
From a high level, the northern Colorado market follows Denver’s market trends. They have the same inventory shortage, price increases, and overall upward trajectory. The area is growing rapidly, both in housing developments and retail, such as SCHEELS and Buc-ee’s gas station. We’re excited about the great opportunities this market presents for investors, whether through traditional rentals or house hacking.
We’re excited to do deeper dives into this market and share with you what we learn. Newt is a great resource, and we’re happy he’s part of the Envision team!
Interested in purchasing a home up north? Email Newt Wyler at Newt@envisionrea.com or call him at 970-396-8314.
In This Episode We Cover* Why Envision Advisors is excited to team up with Newt Wyler and expand our services to northern Colorado * Newt’s inspiration to become a real estate agent after observing his wife go through the For Sale by Owner process * Newt’s journey from agent to managing broker for Your Castle Real Estate * A brief overview of the Wyoming real estate market and why people who work in Colorado are moving there: lower taxes, home prices as low as the $200Ks, and a small-town feel * A quick look at different northern Colorado communities of Greeley, Fort Collins, Loveland, Longmont, Windsor, Timnath, and others * The benefits of living and investing in northern Colorado: huge growth in the past few years, cheaper cost of living than Denver and other front range communities, small towns with their own personalities all within 20 minutes of each other * How northern Colorado mimics the market trends of Denver and why it’s a great place to invest: appreciation, low inventory, price increases * The “U Plus 2” rule in Fort Collins and how strict enforcement makes house hacking there difficult * Wyler’s Pub and Grill in Greeley: in addition to being a top real estate agent, Newt also owns his own bar!
Links from the Episode* Newt’s LinkedIn * Newt’s Facebook * About Envision Advisors * Envision Advisors Facebook * Envision Advisors Instagram * Wyler’s Pub and Grill
Help Us Out!We want to know what you want to hear! What struggles are you having in your real estate investing journey? Anything have you stumped? What will help you level up your investing game?
We want to know!
Please send an email to hello@curtisst.media to submit your answers!
Check out the podcast below!
Three Learning Options!1. Listen to the podcast “#442: Building Your House Hack ‘Stack’: The Path to Becoming a House Hacking Millionaire” Denver Real Estate Investing Podcast 2. Watch the YouTube video. 3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. 201633 years old, 9-5 job owned a loft style condo with a cool spiral staircase – took me 2 years to find. My cash flow was -$1,500 a month not including what I had to pay for my car and misc. expenses.
At the time, I was over 30 years away from retirement – no passive income -no landlord experience – Didn’t even own a hammer.
Fast Forward 6 years >>* I’m 39 years old. * Still have a 9-5 (because without it, it wouldn’t be as easy to qualify for properties) * Don’t own the condo anymore, instead I own 8 properties. * I get paid to live in my house, cashflow is over 8k/month not including W-2 income. * I’m less than 1 year away from retirement. (There’s POWER in HH) * 6 years of landlord experience * Own not just a hammer – a whole toolbox.
How it All StartedMy wife’s sister was renting out one side of a duplex and the owner suddenly passed, his wife was selling the place because she didn’t want to be a landlord. My wife asked me if I could buy it and rent it out to my sister, so she didn’t have to move. I said no.
It sparked curiosity – I started to look into real estate investing and the 1st book I picked up was How To Build a Rental Property Empire by Mark Ferguson. There was literally a two-paragraph section that talked about a concept called House Hacking.
I was convinced that I wanted to buy a 2-4 unit property, live in 1 unit and rent out the other units – very simple concept to build wealth. Suleyka supported me all the way, we packed up and moved in 2017.
What we learned:
- In our market 2–4-unit properties are too expensive, quality is low, limited supply and most need every type of repair imaginable.
- How to deal with contractors, mold, cockroaches, mice
- How to deal with tenants, evictions in the 1st week
- Real Estate is a very forgiving investment (low barrier of entry and you can still break even or make money)
2nd HH We Pivoted our strategyWe searched for a single family with the correct zoning broken up like a duplex. Chris found me a single-family house with a separate mother-in-law suite and separate entrance. Conventional loan so 5% down
- We combined two strategies: long-term rental for the upstairs portion of the house to a family and we did rent by room style for the rooms on our basement level.
- Instead of breaking even like the last property, cashflow increased to $1,200 while living there.
3rd HH rinse & repeat* 2 level house (4bd/2ba) upstairs and garden level (3bd/1ba). * That’s when I was first introduced to Section 8 because I inherited a voucher holding tenant on the garden level unit. * We lived upstairs and did rent by the room style. * Positive cashflow for this one was now $1,500 a month.
4th HH covid hits but didn’t stop us* We found an even bigger 10-bedroom house 2.6% rate, split up like a Triplex. * Bad economy more people were looking for more affordable housing (RBR). * Still lived with roommates, combined LTR using Section 8 and RBR. * Positive cashflow for this one was now $1,700 a month.
5th HH 2 houes 1 lot * Privacy for us in a small back unit (1bd/1ba). * Front house (4bd/2ba) rent by room strategy paid the entire mortgage. * Interest rate was 2.75% in 2021. * Positive cashflow was $500 but it was worth it for more privacy.
6th HH TURNKEY Single family rbr* Back to roommate living style (7bd/3ba) house. * Got 4% rate before it crept up higher. * Lived here for 6 months then had a “change of life circumstance” so we were able to move sooner than 1 year to HH #7. * Positive cashflow $1,000
7th HH Duplex * Back to privacy while doing RBR and LTR (5bd/2ba each side). * Even with higher rate we’re still cash flowing $500/month. * Enjoying the new neighborhood, restaurants
In conclusion, building your house hack stack can be an excellent way to start your journey towards becoming a real estate millionaire. My experience has taught me that with persistence, research, and the right mindset, anyone can achieve financial independence through real estate investing.
Remember, it all starts with one property. Don’t let the fear of the unknown or the complexity of the process deter you from taking the first step. Educate yourself, start small, and grow your portfolio gradually.
As you gain more experience and resources, you can use the income from your existing properties to finance your next acquisitions. The key is to remain disciplined, stay focused on your goals, and always be open to new opportunities.
In the end, becoming a real estate millionaire through house hacking is not a matter of luck, but rather a result of hard work, patience, and strategic planning. So go ahead, build your house hack stack, and start your journey towards financial freedom today!
Links from the ShowNeed some accountability buddies? Join our monthly House Hacking meetups!
Help Us Out!We want to know what you want to hear! What struggles are you having in your real estate investing journey? What has you stumped? What will help you level up your investing game?
We want to know!
Please send an email to hello@curtisst.media to submit your answers!
Check out the podcast below!
The headlines have been consistently painting a bleak picture of the real estate market with declining sales prices and higher interest rates. It can be hard to feel like there’s opportunity in real estate right now. Thankfully, despite these bleak headlines, deals are still being found in every Colorado region. And not only that, it seems that what Preston and Jenny are seeing in their own markets is vastly different than what the data is describing.
In this month’s Colorado real estate market updates, Newt Wyler join us from Northern Colorado to share insights into the Longmont, Greeley and Fort Collins markets. Although stats look similar across all Colorado markets, the panel highlights deals they have seen in their own markets emphasising there is still plenty of opportunity to be found. Moreover, the panel has noticed an increasing trend in the popularity of ARM products among their investors to help increase opportunities in their portfolio. By using ARM products, optimizing your portfolio, and keeping an eye out for great deals, investors can still achieve their investment goals in Colorado.
Three Learning Options!1. Listen to the podcast “#436: February 2023 Market Updates: Why Savvy Investors are Buying Now” Denver Real Estate Investing Podcast 2. Watch the YouTube video. 3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. Denver Market Stats and Observations for February 2023Active listings* 2x what we had this time last year, but still low (3,800 actives) * Off 8% from the end of January ’23. Usually, we should see inventory build this time of year. * Thinking back to our last “normal” market in Feb ‘2019 (pre-COVID), we had 6,020, and we all thought we were short of inventory at that time, too. * The long-term average number of listings in Feb: is 12,900. * I think we’re going to have a problem being short of inventory across the front range all spring. At least until mid-May. * This Feb we brought 3,450 new listings to market vs. 4,200 new listings in Feb ’22.
Under contract* Amazingly, only off 7% from this time last year. * 3750 UC currently vs. 4,020 this time last year.
Closed count* Off 25% from Feb ’22. That’s a big improvement from the 35%+ declines that we saw in 4Q22. * Up 23% from Jan ’23. That’s a little better than historical seasonality would lead us to expect.
Average price* Up 1% from last year. Still going up, but at a slow pace * I still wouldn’t be surprised if we had a few year-over-year comparisons later in the spring when prices go down a bit. * The median price year over year did go down 2%
DOM days on market* More than doubled from last year from 16 to 45 days (Average) and from 4 to 25 (Median) * Still historically pretty quick, but a big change from the past few years. * Contingent offers are still seriously considered by sellers – take advantage of this! * Once the DOM goes down, I suspect contingent offers will again be ignored.
Discounts* About 1.5% discount on average. * This time last year was a 3.5% premium. * That swing does make up for a lot of interest rate increases!!
Colorado Springs Market Stats and Observations for January 2023New Listings* Homes + Up 1% from last month + Down 18% from last year * Condos + Down 11% from last month + Down 19% from last year
Sales Count* Homes + Up 5% from last month + Down 23% from last year * Condos + Up 16% from last month + Down 35% from last year
Sales Price* Homes + Down 5% from last month + Down 3% from last year * Condos + Up 7% from last month + Up 2% from last year
Inventory* Homes + Down 12% from last month + Up 196% from last year * Condos + Down 12% from last month + Up 257% from last year
Denver Housing Trends for February 2023Colorado Springs Housing Trends for February 2023Get Started Building Your Own Rental Property PortfolioIf you’re interested in buying an investment property and want to know what’s on the market now, sign up for our weekly deals list email.
Three Learning Options!1. Listen to the podcast “#440: Slatt Capital: The Family-Oriented Brokerage Expanding to Serve Colorado Investors” Denver Real Estate Investing Podcast 2. Watch the YouTube video. 3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. If you’ve ever purchased an out-of-state property, you’ve likely realized how important it is to have someone local help you through the process. Commercial Real Estate is no different and having someone that understands the local market can ensure that you are finding the best deals. Slatt Capital recognized that their California investors needed this when they started purchasing deals in Colorado so they decided to move with them. This move is an indication of their commitment to building and maintaining strong relationships with their clients. Their firm is rooted in family, reflected in how they work with their clients and approach their business.
In today’s episode, Chris sits down with Slatt Capital CEO Michael Kaplan and Denver Managing Director Adam Aluise to discuss the latest news in the commercial real estate market and how they can help you take advantage of the commercial real estate market.
One of the standout features of Slatt Capital is its correspondent relationship with insurance, which is the backbone of its firm. As a result, they represent 20 insurance companies and are a 5.2 billion dollars servicing mortgage banking firm. This relationship focus is what sets them apart from other brokerages and is one of the reasons why they’ve been so successful in the industry!
Michael and Adam shared their insights on where the opportunities lie. They mentioned that they aren’t seeing a lot of Value Add deals getting through, but instead, more stabilized deals. Most of their loans are pretty conservative, and they haven’t seen a strain in the middle market, from 2-30 million dollar space. If you know what you’re doing and are established, then you’ve likely properly reserved and adjusted your portfolio correctly.
When investing in commercial real estate, Denver is an attractive location right now. Slatt Capital is seeing tremendous liquidity in the market, creating opportunities for investors Retail, industrial, and self-storage are particularly attractive in Denver right now. As always, it’s essential to do your due diligence and work with a trusted partner like Slatt Capital.
Subscribe to our YouTube channel for more news on commercial real estate investing! And don’t forget to share it with colleagues who might be interested.
In This Episode We Cover* What does a relationship-focused brokerage mean? Hint: it’s not just about closing deals. * The difference between CO and CA investors. Are you a cautious collaborator or a confident adventurer? * Why relying on local expertise is crucial when purchasing commercial property * The diverse range of loans available to real estate investors and how to access them. * Discover what opportunities Denver has in Commercial Real Estate. * Slatt Capital is actively seeking investors and borrowers who are ready to take advantage of the current market conditions.
Links from the ShowAdam Aluise’s LinkedIn
Slatt Capital’s website
Need some accountability buddies? Join our monthly House Hacking meetups!
Use our tool to build a model buying house hacks to see how cash flow and equity are built.
Help Us Out!We want to know what you want to hear! What struggles are you having in your real estate investing journey? What has you stumped? What will help you level up your investing game?
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Three Learning Options!1. Listen to the podcast “#439: How Nick Elder House Hacked his way to MultiFamily” Denver Real Estate Investing Podcast 2. Watch the YouTube video. 3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. In this episode, Chris interviews Nick Elder, a former pharmaceutical sales employee turned real estate investor, who started by purchasing properties for house hacking and then progressed to multi-family properties and syndications. Currently, Nick is a relations representative at Ironton Capital. Nick highlights the importance of networking and goal-setting in changing career paths.
Nick’s first house hack was in North Denver, a 3-bed, 2-bath property that already had two tenants paying $1,900 in rent before he even moved in. Although renting out rooms individually provides excellent cash flow, Nick notes that it can be more difficult to manage.
Additionally, after realizing the steep learning curve of the real estate market, Nick explored the private equity side and the syndication model, focusing on multi-family properties that offer greater control over valuation. He is also experimenting with passive investing, which allows individuals to leverage the expertise of building and fund operators without conducting due diligence. This frees up time to identify the right person to invest with.
Finally, through his winning mindset and flexibility to pivot to better plans, Nick built a successful career in real estate. This episode is for anyone interested in learning about house-hacking, multi-family properties, and passive investing strategies.
In This Episode We CoverHouse Hacking* How you too can educate yourself by listening to BiggerPockets or the Denver Real Estate Investing Podcast. * How the timing of the market can determine the strategy you choose. * Pros and cons of room-by-room rentals.
Changing Careers* Can you make real estate a full-time professional opportunity? * Building a Financial Runway. How to keep money aside to transition into real estate as a new career path. * The winner’s mindset is to look for the silver lining opportunity to pivot.
Passive Investing* Why Passive Investing? * Moving from House Hacking to Passive Investing: Strategies to avoid paying capital gains.
Links from the ShowNeed some accountability buddies? Join our monthly House Hacking meetups!
Use our tool to build a model buying house hacks to see how cash flow and equity are built.
Nick Elder’s LinkedIn
Nick Elder’s Instagram
Help Us Out!We want to know what you want to hear! What struggles are you having in your real estate investing journey? What has you stumped? What will help you level up your investing game?
We want to know!
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Check out the podcast below!
Three Learning Options!1. Listen to the podcast “#438: The Future of Real Estate: National Trends and Their Implications” Denver Real Estate Investing Podcast 2. Watch the YouTube video. 3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. Since the onset of COVID-19, many of us have come to appreciate the flexibility of working from home or adopting a hybrid approach. The luxury of savoring a delicious cup of coffee while listening to our favorite music in the morning is priceless. However, how has this new way of living impacted the real estate market? Are we expecting a recession or a drop in prices? These are some of the critical questions that the “National Trends Update” webinar, hosted by real estate experts Chris Lopez, Lon Welsh, and Nick Elder, seeks to address.
The economic landscape is undergoing significant changes, and as David Stevens suggests, “this might be the only window for the next few years to get into the buyer’s market.” As a result, this is the best time for buyers to enter the market, given that not many people are buying. This has led to flat prices, an increase in mortgage rates, and a 4% annual rise in rent. Additionally, the webinar searches into historical data to examine how inflation has influenced home prices in the past and what insights we can draw from those trends.
The webinar concludes by discussing the short-term rental market’s growth in recent years and the impact it has had on the economy. If you are new to real estate investing, seeking to expand your portfolio, or managing a client’s portfolio, this webinar provides a comprehensive overview of the real estate market’s current state, based on historical trends. You can download the slides at the bottom for a more in-depth analysis of the data.
In This Episode We Cover* How Does Work From Home Impact Moving? * Is there going to be a foreclosure boom? * Will prices drop? * Denver Market starting to heat up, not enough inventory. * Will we have a recession? * Will Mortgage Rates Go Up or Down? * What’s Next for Apartment Pricing? * Are households getting destructions? (opposite to the creation of households) * What is the rent growth for Class A properties? * Still major supply chain issues for building new inventory. * Relationship between 10-Year Treasury and Cap Rates. * No Correlation between 10-year treasury and cap rates.
Links from the ShowNeed some accountability buddies? Join our monthly House Hacking meetups!
Use our tool to build a model buying house hacks to see how cash flow and equity are built.
Want the Slides from the Show? Download them here: National-Real-Estate-Trends-PackDownloadHelp Us Out!We want to know what you want to hear! What struggles are you having in your real estate investing journey? What has you stumped? What will help you level up your investing game?
We want to know!
Please send an email to hello@curtisst.media to submit your answers!
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Part 3 of the 5-Year Review Miniseries. The BRRRR Method: Does it Still Work? (Real Estate Pro Reveals All)
Jenny Bayless is back with part 3 of the 5-year review miniseries using the BRRRR method -if you need a refresh, check out part 1 and part 2-. In this episode, Jenny dives into the details of each step of the BRRRR method, discussing the importance of finding the right property, calculating the potential return on investment, managing the rehabilitation process, tax regulations, insurance costs, finding tenants that will take care of the home, and refinancing at the right time. She also shares her lessons, mistakes, and crucial tips like understanding what a seasoning period is, why you should always get a sewer scope inspection, and more.
Jenny’s ExperienceJenny purchased the first home in 2017 from wholesale at $113.000, put 20% down, and funded the rehab which was about $25.000. Now the house is rented at $14.250 with amazing tenants that love the space. One important concept to mention is the seasoning requirement and which is the amount of time that has to pass between your original loan on the property and when the bank is ready to give you a cash out on a new loan on the property.
The BRRRR StrategyThis episode is an excellent resource for anyone interested in real estate investing and looking to turn a distressed property into positive cash flow through the BRRRR strategy. Learn how Jenny managed to buy more properties from 2017 to 2022, and get insider knowledge on how to start building your real estate portfolio today!
Looking to Optimize Your Portfolio?If you already have a portfolio, optimize it with our in-house consultants for cash flow, appreciation, and generational wealth.
3 Learning Options!1. Listen to the previous part of the miniseries “#121: 5 Year Hold Miniseries: Taking A Negative Cash Flow Property to Positive Cash Flow” on the Colorado Springs Real Estate Investing Podcast 2. Listen to the full episode (at the bottom) 3. Use our BRRR Calculator Spreadsheet here In This Episode We Cover* Jenny’s first purposeful BRRRR (Buy, Rehab, Rent, Refinance, Repeat) property. * How mistakes can lead Jenny to success. * What Seasoning Period means and why you should be aware of it! * Jenny’s experience with Seasoning Period (spoiler: had to wait six months with this lender!) * Why do you need to get a sewer scope inspection. * The benefits of having insurance.
Help Us Out!We want to know what you want to hear! What struggles are you having in your real estate investing journey? What have you stumped? What will help you level up your investing game?
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Please send an email to hello@curtisst.media to submit your answers!
Check out the podcast below!
Three Learning Options!1. Listen to the podcast “#437: An Expert’s Guide to House Hacking (What to Know Before Starting)” Denver Real Estate Investing Podcast 2. Watch the YouTube video. 3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. There is only one secret to financial freedom and that is REAL ESTATE INVESTING!!
How do you start investing and what is the right strategy? In the episode, Chris Lopez, Ben Einspahr, and Jeff White discuss different ways for becoming financially free with House Hacking. They’ll analyze how long it takes to start buying properties, what strategies and techniques are out there to keep track of your house hack, as well as tips for managing tenant relationships and ensuring a positive return on investment. Whether you’re a homeowner looking to earn extra income or an aspiring real estate investor seeking to expand your portfolio, this episode will provide valuable insights into the world of real estate investing.
You’ll learn the step-by-step process of aligning your goals -check out this 2023 goal planning with Chris-, strategy, and market. We’ll discuss the importance of defining your goals (such as privacy, cash flow, liquidity etc.), the different strategies for achieving those goals (such as Airbnb, Nomading and Rent-by-Room), and finally, we’ll explore the crucial role that market plays in selecting the right investment opportunities.
House hacking offers lower interest rates and down payments than traditional investing, making it an excellent way to get started. To succeed in house hacking, it’s crucial to take action; Talk to an investor-friendly agent, get pre-approved, save up for the down payment and operating funds, and align your goals, strategy, and market.
Resources such as short-term rental, self-management, and rent-by-room courses, portfolio analysis, and our Property Llama software, are all tools you can use to help you succeed in your real estate investments.
Find the right people who are excited as you are to start building financial freedom through real estate investing, learn together, and start maximizing your cash flow! Remember to like this episode, and share it with someone who can find this information extremely valuable.
In This Episode We Cover Why House Hacking is a simple and effective way to achieve financial freedom. * How House Hacking enables you to receive cash flow from the rental income while living in the property. * Why the key to sucess is building your House Hack Stack. * Why these common House Hacking misconceptions are not true: 1. To make it work, you need to live for free. 2. Living with three roommates is a nightmare (If you’re a client, you can use Envision Advisors’ lease , which is specifically designed for house hacking) 3. “I don’t have time to manage a short-term rental” is often just an excuse. * Why house hacking multifamily properties usually isn’t the best option! * How you can still find good deals at a 6% interest rate! * And the importance of picking your team*!
Links from the ShowUse our tool to build a model buying house hacks to see how cash flow and equity are built.
Need some accountability buddies? Join our monthly House Hacking meetups!
Help Us Out!We want to know what you want to hear! What struggles are you having in your real estate investing journey? What has you stumped? What will help you level up your investing game?
We want to know!
Please send an email to hello@curtisst.media to submit your answers!
Check out the podcast below!
Check out the podcast or YouTube video to hear the full conversation with Envision Advisors agents Jenny Bayless, Preston Newberry, and Jeff White. We talked about stats, creative deals we’re seeing, and and our predictions for the future.
Three Learning Options!1. Listen to the podcast “#436: January 2023 Market Updates: Why Savvy Investors are Buying Now” Denver Real Estate Investing Podcast 2. Watch the YouTube video. 3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. Denver Market Stats and Observations for January 2023Inventory* Up 250% from Jan ‘22 + Great gains in homes and condos * Down 34% from Dec ’22, which is more than the typical historical pattern. * Average listings for January from 1985-2022: 12,400 + Record low in Jan 22: 1,185 + Current: 4,120 * Historical view – just before COVID + 4,900 in Jan ‘20 + 5,900 in Jan ‘19 + So our current inventory is LOT better than the desperate situation we were in in ’21 and early 22, but we’re still not at pre-COVID levels. IT’d be great to have more would-be sellers, sitting on the fence, bring their listings to market!
Closed Units* Down 34% from Jan ‘22 + Not as grim as the 40%++ declines that we saw in the past few months + Similar results for homes and condos * Overall, fewer US citizen (owners and renters) moved in ’22 (work from home might be a partial driver). * Stories exist of an uptick in bidding wars from desirable homes that are priced well. But not nearly as common as fall ’20 and all of ’21.
Price* Average Up 3% from Jan ‘22 + Homes up 2% and condos essentially flat (odd mix issue at work here) * Median down -1% from Jan ‘22
DOM Days on Market* Up 130% from Jan ‘22 + Similar increase in marketing time for homes and condos * 34 days is still historically a fast DOM.
Under Contract* Up 51% from Dec ’22 * Only down 8% from Jan ‘22 * This is very exciting to see that we are likely past the bottom.
Discounts-1.9% in Jan ’23 vs. a 2.3% premium in Jan ‘22
Colorado Springs Market Stats and Observations for January 2023Inventory* Up 250% from Jan ‘22 + Great gains in homes and condos * Down 34% from Dec ’22, which is more than the typical historical pattern. * Average listings for January from 1985-2022: 12,400 + Record low in Jan 22: 1,185 + Current: 4,120 * Historical view – just before COVID + 4,900 in Jan ‘20 + 5,900 in Jan ‘19 + So our current inventory is LOT better than the desperate situation we were in in ’21 and early 22, but we’re still not at pre-COVID levels. IT’d be great to have more would-be sellers, sitting on the fence, bring their listings to market!
Closed Units* Down 34% from Jan ‘22 + Not as grim as the 40%++ declines that we saw in the past few months + Similar results for homes and condos * Overall, fewer US citizen (owners and renters) moved in ’22 (work from home might be a partial driver). * Stories exist of an uptick in bidding wars from desirable homes that are priced well. But not nearly as common as fall ’20 and all of ’21.
Price* Average Up 3% from Jan ‘22 + Homes up 2% and condos essentially flat (odd mix issue at work here) * Median down -1% from Jan ‘22
DOM Days on Market* Up 130% from Jan ‘22 + Similar increase in marketing time for homes and condos * 34 days is still historically a fast DOM.
Under Contract* Up 51% from Dec ’22 * Only down 8% from Jan ‘22 * This is very exciting to see that we are likely past the bottom.
Discounts* -1.9% in Jan ’23 vs. a 2.3% premium in Jan ‘22
Note: The above Executive Summary is from Lon Welsh of Your Castle Real Estate.
Denver Housing Trends for January 2023Colorado Springs Housing Trends for January 2023Get Started Building Your Own Rental Property PortfolioIf you’re interested in buying an investment property and want to know what’s on the market now, sign up for our weekly deals list email.
Ben Einspahr, short-term/medium-term rental expert at Envision Advisors, sat down with Rifaah Alkhamis and Kevin Czura to discuss their recent adventures in house hacking. From the logistics of starting out, to finding and closing on a third deal, these two give us some great insights into how to handle house hacking.
Three Learning Options!1. Listen to the podcast “#435: Launch Your House Hack: Tips for Preparing Your Property Before it Goes Live” Denver Real Estate Investing Podcast 2. Watch the YouTube video. 3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. Rifaah AlkhamisRifaah Alkhamis is one of our OG house hackers. During his last lease he signed as a renter in 2017, he got to know his landlord and became what she called: “her responsible tenant”. Over time, she became Rifaah’s real estate mentor and introduced him to Charles Roberts and his team. He attended every Real Estate related free class he could go to, then he bought his first house hack. Rifaah recently closed on his third property and just put his listing on and went live, so it is cool to see how it’s working out.
Kevin CzuraKevin Czura just purchased and furnished his first house hack: a 2-year old, 3-story townhome divided into two units right across Federal from Mile High Stadium. His first Airbnb bookings were recently made, so we have a front-row seat to see how this property is doing.
Be Ready When You Go LiveKevin’s first booking is 2/18 and then he is booked all the way out to July already. When you have a property you are getting ready to go live, be sure you are ready. You might be booking the very next day. And, as a reminder, you do not want to cancel a guest because Airbnb will charge you and you can lose your superhost status for over a year. Airbnb does not want you canceling reservations. It affects your reviews and will take you down your overall score, which can affect your amount of bookings, how much they’re willing to pay, etc.
Starting Out: Furnishing Your House HackOne thing I remember when I had my very first house hack was furnishings. My wife and I spent all day picking up used items in a truck and delivering them to our house hack property. I prioritized savings over time.
Kevin prioritized speed first. He was advised to spend a little extra money on the front end. Kevin’s family has run an interior design business in Minneapolis for a while and they advised to spend more money on couch/sectional because it will last longer. And buying new and getting delivery will get you the furniture faster than picking up used items, etc. This was massive.
All the big things that Kevin had lined up ready to go, including bed frames. He timed all that stuff to come in one day so the delivery guys could carry things up stairs, which is especially important with a three-level townhome. In fact, American Furniture Warehouse has a service where they will send someone out to fix your walls if they get dinged up. So, after all Kevin’s furniture pieces were delivered, he was able to file a claim with American Furniture Warehouse. He sent a few pictures of the walls, then they came out and fixed all the damage.
Tips for House Hack DecorIt’s important to put together your color scheme and decor in advance, then know to what level you are decorating. If you are going for a higher-end look because you are charging more to rent your space, don’t skimp on decor. Kevin says, you actually don’t have to spend more money to make your place look classy–just be sure to search around and don’t cut corners. Finally, clean and sparse is better than buying too much stuff. Keep that in mind.
House Hack Pricing in 2023Let’s look at pricing and what the outlook is for your properties. Kevin’s first bookings were $220 a night. His unit is an upper-end 2 bed/3 bath property, within a 3-minute walk of Mile High Stadium. Kevin was getting bookings further out, but wasn’t getting anything for February, so he turned on the smart pricing through Airbnb and got a booking right away. It wasn’t even that much of a discount, but it worked.
After doing smart pricing through Airbnb for my house hack property, I realized it was way too low, so it wasn’t working for us. It serves Airbnb, but not necessarily the property owner. But, if you’re looking to maximize bookings and get your rating up, then it works.
Kevin’s motive was to fill February, so Airbnb smart pricing worked to fill that out, but after that, Kevin said he would check out PriceLabs dynamic pricing, which is what I recommend instead of Airbnb’s smart pricing.
House Hacking GoalsKevin’s house hacking goal is simple–he’s currently at House Hack #1, and the goal is to get to House Hack #2.
Rifaah is in process of closing on House Hack #3. This property was not expected. It’s actually his neighbor’s house in the Berkley area of Denver. His neighbor’s house was on the market, then he took it off. So Rifaah called his neighbor to see why it was pulled and he said to make him an offer. He went under contract last week.
Filling Your House HackWhen I was trying to move from one house hack to another, it was a lot to juggle. You are managing your closing date with finding renters–moving in and moving out–it can be a lot.
Rifaah has listed his current home for rent for $3300/month. There are 7 showings already. Everyone has their own 30 minute time slot. Google calendar scheduling is a new add-on service that can replace Calendly that Rifaah uses to schedule showings. Rifaah will need to rent their current home right away then move into the new property and fix it up while they live there. Rifaah is moving every 2 years or so and goes through the purging process to make each move a little bit easier.
Back in 2016 when I was filling my first house, and I was doing the blocking, I saw there was a 1 out of 5 showing rate. So I would schedule a few people on the same day. It saved my time and if 2 people were there at the same time, it created some competition and drove people to get a lease signed.
Kevin is using the shotgun showing approach too. He has found that an unintended consequence of that is that people will try to see the place sooner and offer more for it. They will try to beat the crowd if they know it is an open house style.
Thanks to Kevin and Rifaah for sharing their current strategies, breaking down their deals, and showing us what’s working and what’s not.
Don’t Forget: House Hacking Webinar Series Starts 2/15Are you ready to get started house hacking? Check out our 6-week house hacking webinar that begins February 15th. Register here for the 2023 Guide to House Hacking in Colorado: Advanced Strategies for Maximizing Returns in Today’s Market.
Connect with Kevin and RifaahYou can connect with Rifaah by emailing him at rifaah86@gmail.com and Kevin by emailing him at Kevin.Czura@gmail.com. You can also follow Rifaah on Instagram.
Lending can often be the most difficult part of a deal. And finding a GOOD lender can be even more difficult! The difference between a good lender and a bad lender can make or break your deal and has consequences for years to come. That can be especially true when it comes to commercial real estate. Today I’m sitting down with Adam Aluise, a local commercial real estate brokerwho’s here to tell us what to look for when trying to secure a loan and answer some common questions he gets from clients when trying to secure financing and analyze commercial deals.
Three Learning Options!1. Listen to the podcast “#434: Inside Look: Colorado Commercial RE Market Update with Adam Aluise” Denver Real Estate Investing Podcast 2. Watch the YouTube video. 3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. Why Commercial Real Estate?Adam is a 15-year CRE professional as an investor, developer, and loan broker. He founded Pine and Peak Capital to provide borrowers access to their best financing option plus he offers CRE investment opportunities. We sat down to discuss commercial real estate market trends and deals.
Adam’s background is in commercial banking and real estate. He got his training at a large top 5 national bank, then was hired by a smaller bank into a commercial real estate underwriting team. That was the real reason Adam focused on commercial real estate. He worked as an underwriter for a few years, then leveraged that into origination for about 10 years. Adam’s background launched his own personal investing interests, which he found to be more fulfilling than his corporate gig. That was when he decided to start Pine and Peak Capital, which is now part of Slatt Capital.
Slatt CapitalPrior to sourcing debt or sharing an opportunity, Adam completes a detailed analysis. This knowledge was gained as a commercial real estate loan underwriter. Adam’s expertise includes equity and debt sourcing, relationship and project management, risk management, real estate development, credit approval, restructuring, and business support.
Holding a degree in finance and a career in banking and investment, Adam has spent significant time building models specific to the commercial real estate market. These specialized tools evaluate loan optimization, long- and short-term investment opportunities, as well as assess the local financing market.
Common Questions Adam Gets from Commercial Real Estate Clients1. What loan amount do I (the property) qualify for? 2. If I have equity in my property how much can I take it out? 3. We need more cash flow from our property. How do we make that happen? 4. Do lenders look at the property or my personal financial statement for repayment? 5. What if the property doesn’t cash flow right now?
Adam has an easy way for people to remember how lenders score a loan application–the 5 Cs—Capacity, Capital, Collateral, Conditions and Character.
What About the Current Market?One action Adam recommends our audience start doing immediately is to call your current lender and ask them about current loan terms, then call Slatt Capital to discuss their terms. The difference can be significant. Think of Adam’s service as a more creative way to finance your commercial real estate deal. They have different products available than a national or even local bank.
Analyzing Deals in 2023The market has certainly changed from the 3-4% rates of early 2022. Rates peaked around 7%, and that changed everything. But, rates are starting to drop again, and we can expect them to drop again at the end of this year. However, Adam reminds us all that 5-6% is still cheap debt. When analyzing a deal you have to look at more than interest rates though.
Adam says there will likely be a 5-10% correction in cap rates across commercial real estate asset classes and multifamily properties. But, since we’re in desirable Colorado, we are protected a bit from these changes. Adam believes that Colorado will be more insulated from these changes, so the correction in Colorado will be closer to 5%.
Return rates are not as pretty now as they’ve been in the past. While many investors enjoyed a 20% return on their investment, now Adam says mid to low teens is a more accurate return rate. All of this is to say there are always deals to be had, but in the short term, it’s wise to take your time, do your due diligence, and don’t jump the gun.
Recent Deal AnalysisWith recent commercial real estate deals, the focus has been on debt coverage. Rising interest rates have made it more difficult for lenders to approve deals because the debt coverage isn’t there. For example, a deal that may have had a 1:1.25 debt coverage ratio 3 years ago is now possibly at a 1:1 because of a 7% interest rate. So, deals that would have had no problem getting approved in the past are facing that hurdle. Is covering the asset debt alone enough for the investor or the lender? If the asset in question is a value-add property then you might have a better outlook because rents should increase. So if you buy a value-add property with a 1:1 debt coverage ratio, but you land between 1.35 and 1.4 times what you bought it for, you might have a more desirable outcome. The trick these days is finding an asset that you can buy for low enough that will allow you to achieve those numbers.
Why Choose Slatt Capital to Do a Deal?In short: relationships matter. Adam recently did a commercial real estate deal that was a 1031 exchange. The down property was a multi-family home, and the up property was retail space in Colorado Springs. The client wanted something more stable and passive. They identified an asset that was good, and with the 1031 exchange had 180 days to secure it. It was down to 10 days left to go, but they got it. The retail space was brand new with a cap rate of 6%. Adam was able to lock in a rate between 5 and 6% before rates really went through the roof. It was a 10-year deal with a 25-year amortization. This was one of those cases that it really helped the client working with Adam to have those relationships in place with lenders that could lock in that rate.
Connect with AdamWith over 15 years of commercial real estate, finance, and lending experience, Adam’s skill set leverages sound financial analysis, loan negotiation, and strong knowledge of the real estate market. Throughout his career, this expertise has positioned Adam to continue to successfully execute commercial loans through financing terms tailored to achieve his client’s goals. Prior to joining Slatt Capital, Adam was Founder and President of Pine and Peak Capital, a leading commercial mortgage banking firm serving local Colorado communities as well as clients across the nation. Connect with Adam by calling him at (303) 587-7518, emailing adam.aluise@pineandpeakcapital.com or through LinkedIn.
Why are roofs so important? Well, if you’re a real estate investor in Colorado, they should be very important. With the climate and conditions we experience in Colorado, our roofs take a beating. I sat down with guest Dennis Miller from Best Roof Roofing to let us in on some trade secrets, so you’ll know what to look for when a roofing issue arises…and who to call when the shingles hit the fan.
Three Learning Options!1. Listen to the podcast “#433: Why Are Roofs So Important? CO RE Investors, Listen Up.” Denver Real Estate Investing Podcast 2. Watch the YouTube video. 3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. Avoid These Roofing Mistakes to Protect Your RE InvestmentsThe one thing everyone should be doing with their roofs when selling or buying is to have a professional go out and inspect the roof. It costs nothing to inspect the roof, so if there has been weather–high winds, hail, storms–just have a professional go and inspect. It helps to have a relationship with a roofing company, so they will prioritize your properties and go check them all out for you. Best Roof Roofing offers a roof certification, which is a 5-year certification based on their professional opinion that there is at least five years of life left in it. If there are minor repairs, they’ll do those on the spot. A typical roof certification runs between $250-350. The difference between pricing depends on the repairs needed to be done.
Pre-Listing InspectionSeller-side transactions should begin with a pre-listing inspection. It’s very similar to the buyer-side inspection because the roof can be certified based on this pre-listing inspection, which can help the transaction go smoothly. The cost for a pre-listing inspection is 100% free of charge through Best Roof Roofing. And, if a need for repairs is discovered, Best Roof Roofing can typically knock them out right away, or next day.
Start From the Ground UpThe first exposure to any roofing issues for many investors is immediately following the inspection. After the home is inspected, there may be some questions that only a pro can answer. On the buyer side, you look at the general condition of the roof from the ground level. Buyers do not go up on the roof, so the roof needs to look good from the ground up. You can check for granular loss, missing shingles, and if there’s drip edge. The presence of drip edge will tell the age of the roof. Starting in 2015 there is a requirement to have drip edge all the way around the house. If it’s a newer roof and this isn’t present, that’s a sign that corners were cut to save a buck. Also check for staining on HVAC pipes–that’s another clue to the age of the roof.
Quality Check from the Top If everything checks out from the ground level, then your next step is to climb on the roof to see it up close and personal. Look for granules in the gutters. Lift the shingle right at the eave to be sure there are ice and water shields. This prevents moisture from hitting the wood decking. Certain areas have different code requirements regarding ice and water shields, so double check your local code. When in doubt–install ice and water shields. It’s a cheap insurance policy so you don’t get called out for a leak. You’ll also look at the overall condition of the shingles while on the roof.
Red flags include:
- Nails popping out of the shingles
- Hail damage
- Thermo-cracking
- Blistering
- Wind damage
Report Roof Damage in a Timely MannerWhen a roof is replaced in Colorado, the majority of the time it will be due to hail damage. For homeowners who are looking to sell, a storm might come through but they don’t call in a claim. They’re thinking their roof is okay and won’t need a full replacement, plus they’re on their way out, so who cares? The issue can be, depending on who the carrier is, you have one year to file a claim from the date of loss. 80% of inspections result in a roof issue. If you can trace it back to a hail storm that has happened within the last 365 days, you’ll have a 90% chance of having the insurance company cover the cost of the roof replacement. Now we know why roofs are so important, it’s always worth it to report storm damage in a timely manner.
Connect with Best Roof RoofingBest Roof Roofing company specializes in working with real estate professionals. Established in 2020, they focus primarily on residential investment properties. They offer same-day inspections and complimentary 5-year roofing certifications for real estate professionals. Best Roof Roofing does most repairs same day and can install a new roof as soon as the next day. Dennis and his team know that with real estate transactions that timing, response, and cost are the main factors. Connect with Best Roof Roofing through their website.
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Should landlords worry that so many Americans are saving less money than they were just a few years ago? I sat down with lender Joe Massey of Castle & Cooke and Ironton Capital founder Lon Welsh to talk about why this trend is increasing, and what it means for the rental market.
Three Learning Options!1. Listen to the podcast “#432: Why Investors Should Care that Americans Are Saving Less Money” Denver Real Estate Investing Podcast 2. Watch the YouTube video. 3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. How the Savings Rate Dropped from Pre-Covid LevelsBefore the pandemic, Americans were saving about 9% of their disposable income. In early 2020, that number increased as people started to worry about the economy and most places shut down. Stimulus checks added another bump in the savings rate and the average was as high as 35% in mid-2020.
Now, the rate is down to about 2-2.5%. It has not been that low in a long time. We’re seeing that consumption is staying about the same, but everything costs more because of inflation.
Another concerning trend is a recent poll that shows many Americans say they would struggle with a surprise bill, even one that’s $1K. While people with a higher education level and income bracket tend to have savings, the disparity between that group and everyone else is striking. The impact of inflation on the lower end of the economic spectrum is considerably higher.
Increasing Credit Card Debt Correlates to InflationThere’s been a massive increase in credit card debt as well. This debt had been increasing before the pandemic, but then it went down once people received stimulus checks and couldn’t spend money because so many businesses were closed.
Once inflation started going up, savings went down, and debt increased. Often, people facing high inflation tried to make household changes to cut down on spending, but they burned through their savings and increased their credit card spending.
Castle & Cooke has seen an increase in credit card usage among their clients, too. They get an alert when clients start using more than 75% of the limit on a single credit card. In the past, they used to get 3-7 alerts monthly. Now, they’re getting 3-15 per day.
While traditionally credit card spending was reserved for big purchases, most of today’s spending is just people struggling to pay bills. Even if people cut back on spending, they can’t cut out costs like gas and groceries.
How Homeowners Can Consolidate or Pay off DebtWhen debt becomes too much, people generally look into refinancing their homes. These days, most homeowners have a ton of equity they can tap into. There are three main options they have for using their home’s equity to pay off debt.
Option 1: HELOCA Home Equity Line of Credit (HELOC) isn’t a great solution to this problem. Essentially, they’re turning small credit cards into one large one that has foreclosure rights. While HELOCs are good for people with the opportunity to earn a high income or bonuses, they aren’t the best choice for someone who doesn’t have major fluctuations in income.
Option 2: Fixed Rate Second MortgageFixed rate second mortgages could be a good option for some people, but the challenge in today’s climate is that interest rates are at 10-12%. This may work for some people with debt as that tends to be lower than the interest rate on their credit cards.
Option 3: Full Refinance to Consolidate Mortgage and Debt into One Loan25% of people choose this option, and it’s almost always the best choice. All interest is tax deductible and the rates are lower. Although people may not want to give up their low mortgage interest rate, it usually saves them money overall because the total spread of interest rates is lowered.
Bottom line: if you’re upside down on your credit cards, don’t be afraid to call your mortgage officer and say you need help.
What Can Real Estate Investors Expect from the Market?Even though many people are struggling with bills, don’t expect to see a wave of foreclosures. Because so many homeowners have equity in their homes, they’re more likely to sell for a profit before they would foreclose.
As so many people grapple with inflation, expect to see fewer first-time home buyers than we would normally expect. The increase in prices and interest rates means that people who would usually buy now are being pushed back into the renter pool.
Investors who buy a property now are getting a fixed rate mortgage and a home that will increase in rent and value over time. Don’t just focus on cash flow but look at the overall returns.
Connect with UsNow is a good time for real estate investors to buy a property. Reach out to us for a free investment consultation to get started.
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Interested in Leveling Up Your House Hacking Game?
Join us on March 25th at our first ever House Hacking Summit! Click on the link below to register.
Register Now!
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Often, real estate agents and financial planners have sour views of either other, but both offer great assets to help plan for retirement. Real estate investing and traditional financial investments of stocks and bonds are not either/or strategies; they are a great complement to each other. Building a balanced portfolio means investing in both traditional financial assets and real estate.
I recently sat down with Denver Wealth Management co-founder Zachary Bouck and Service Advisor Austyn Garcia to talk about their approach to investing and why they think real estate is a key aspect to any retirement plan.
Listen to the podcast or watch the YouTube video to get the full conversation.
Three Learning Options!1. Listen to the podcast “#431: These Financial Planners Know Why Real Estate Is Key to Wealth Building. Do You?” Denver Real Estate Investing Podcast 2. Watch the YouTube video. 3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. Why Real Estate Is an Important Part of Retirement PlanningBoth Zachary and Austyn own real estate that will be a part of their long-term financial planning. Zachary’s personal plan for retirement is to max out his 401K and buy a property every year. Currently, he owns several properties in Denver and the metro area. Austyn owns a condo that he plans to hold onto and rent out when he moves into something bigger.
Zachary says that the clients he has who are most successful usually have a few paid-off rental properties they use for cash flow. Those clients always have stronger retirement savings because their income is spread across stocks and bonds, real estate, and social security.
In fact, most clients who are business owners who come to them with $1MM or more usually got that money from owning the property. Long-term investment in real estate often pays more than the business itself.
Key Takeaways* Denver Wealth Management’s approach to financial planning is for money to serve their clients to live the lives they want. They focus on people, place, and purpose. Do you have people in your life you value; are you in a place you want to be; do you have a purpose that fulfills you? Once they know what drives their clients, they figure out how much money they need to achieve that goal. * If clients have the time and energy to actively invest in real estate, they recommend it as a way to get a higher return on their investments. If time or energy isn’t available, they’ll look at the stock and bond markets. * While most clients have an S&P 500 index fund, they also focus on specific industries, such as biotech, energy, and healthcare. Denver Wealth Management takes a long view of investing and knows that while some industries might not see great returns in a particular year, the overall trend of growth is what will drive returns over a long period of time.
Connect with Denver Wealth ManagementBe on the lookout for another episode with Denver Wealth Management in mid-February. In the meantime, go to their website to learn more about the company, their philosophy, and areas of expertise. Make sure to listen to my episode on Zachary and Austyn’s podcast, Mind of a Millionaire.
The December 2022 market stats are now out for Colorado, which gives us a great picture of how the year went. In the end, the Denver market grew slightly, while the Colorado Springs market ended negative for year over year growth. While rising interest rates caused many buyers and sellers to put their plans on hold, we’re optimistic that the market will rebound in 2023.
Check out the podcast or YouTube video to hear the full conversation with Envision Advisors agents Jenny Bayless and Preston Newberry, Cornerstone Home Lending Loan Officer Bill Rodriguez, and me. We talked about stats, creative deals we’re seeing, and and our predictions for the future.
Three Learning Options!1. Listen to the podcast “#430: December 2022 Market Stats: Will 2023 Be the Year of the BRRRR?” Denver Real Estate Investing Podcast 2. Watch the YouTube video. 3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. Denver Market Stats and Observations for December 2022Inventory* Up 220% in Dec ’22 vs Dec ’21 year over year (Y/Y) + Keep in mind that 2021 was the record low point for least inventory in the last 25+ years. * Homes were up a bit more than condos. * Total of 4,750 active listings on 1/1/23. + Same time in 2019 – last “normal” time – we had 5,050 active listings. * From 1985-2021, the average listing count at this time is 12,300 listings. * It’s great to see more inventory from the record low counts of ’21, but we’re still well below “normal”. * Keep in mind, this metric can be misleading. + The days on market have increased a lot, so any given listing is in the active count for a lot longer than it used to be.
Number Sold* Dec ’22 Off 42% Y/Y from Dec ’21. * Condos and homes had the same level of decline. * The drop in sales is about as expected given the leading indicators we had for new mortgage applications, showing traffic, and under contract counts. * For the entire year: + 2022: 50,700 sold + 2021: 64,100 sold (-21%)… keep in mind ’21 was a record year for the entire US and Denver + 2019: 58,900 (this year is about -14% from the ’19 run rate) * National Association of REALTORS expects the US to sell 7-13% fewer transactions in ’23 than in ’22. I think the decline in the Denver market will be 10-15% less than ’22.
Closing Price* Up 2% Y/Y. * Homes were flat, condos were up 6.5%. * Core Logic found that Denver prices went up 45% from 1/1/20 – 5/1/22. That’s when prices peaked. Denver prices have dropped 5% since then. Net, we’re still up +40% since just before COVID. * I expect ’23 prices to be -2% to +2% from ’22 prices in Denver. + If we see price declines, I’d expect they would mostly decline in the first half of ‘23. * As discussed above, low mortgage rates in place will limit new listings in ’23, as it did in ‘22. + Since there won’t be as much inventory build as you’d historically expect, the lack of inventory will help support prices in a time of reduced buyer demand. + This limits how much the market prices can drop, regardless of the mortgage rates in my view. * For the US, NAR expects +1% for home prices in ’23.
Days on Market* Up 131% Y/Y. * Average now 43 DOM (was 18 DOM a year ago). * Condos and homes had similar changes.
Under Contract* Off 26% Y/Y. * This looks like a great leading indicator compared to the 42% drop in closing in Dec ’22! * Condos off 35%, homes off 21%. * When I mention that I think we’re a little past the worst of the correction, this is the leading indicator I’m relying on most. * Also, the showing traffic in the past few weeks has been up a little, which supports the improvement in UC.
Discounts* 1.6% average discount this year vs. Dec 21: average +1.5% premium paid to ask price. * Condos and homes had generally the same trend.
Colorado Springs Market Stats and Observations for December 2022New Listings* Homes + Down 30% from last month. + Down 34% from last year. * Condos + Down 19% from last month. + Down 17% from last year.
Sales Count* Homes + Down 9% from last month + Down 41% from last year * Condos + Down 8% from last month + Down 43% from last year
Sales Price* Homes + Down 7% from last month + Down 3% from last year * Condos + 0% change from last month + Down 5% from last year
Inventory* Homes + Down 22% from last month + Up 190% from last year * Condos + Down 7% from last month + Up 174% from last year
Note: The above Executive Summary is from Lon Welsh of Your Castle Real Estate.
Denver Housing Trends for December 2022Colorado Springs Housing Trends for December 2022Get a Low Interest Rate When You Build with These DevelopersCornerstone is teaming up with area developers to provide buyers with low interest rates when they build a home with them. Check out the information below and reach out to Bill Rodriguez with any questions.
Get Started Building Your Own Rental Property PortfolioIf you’re interested in buying an investment property and want to know what’s on the market now, sign up for our weekly deals list email.
Today, I’m sitting down with Nathan Adams from redT homes, a Denver developer. He started out as a real estate investor, then transitioned into development. Now, find out why redT Homes is shifting their focus to building environmentally friendly homes.
Three Learning Options!1. Listen to the podcast “#429: Why This Denver Developer Is Pivoting to Eco-Friendly Homes” Denver Real Estate Investing Podcast 2. Watch the YouTube video. 3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. From Investor to DeveloperNathan bought his first property at the age of 27, and sold it a year later for a profit. After spending time traveling around the country, he settled in Denver and got his brokerage license. He soon started flipping properties and eventually put together a team of people completing flips all over the Denver metro area.
He got the inspiration for his own development company after deciding to build duplexes next door to his primary residence. It was much easier to oversee a project when the properties are next to each other, and he was able to answer agents’ questions about the makeup of the homes.
From there, he left his company and formed redT Homes. They do mostly infill development throughout Denver and the metro area.
Finding a Higher PurposeCulture is really important to Nathan, and he applies every year for redT Homes to rate as a best place to work both in the Denver Business Journal and Inc. At first, he thought he just needed to offer a great benefits package to keep employees happy, but as time passed, the satisfaction rate wasn’t going up.
He started asking his employees what they wanted and found it was working towards a mission or higher purpose. His employees wanted to build green homes that would be better for the environment and produce less waste.
What Is the LEED Program?In 2021, he started doing research to see how he could accomplish this goal. He found out about the LEED program, an initiative of the US Green Building Council that certifies buildings based on their level of environmentally friendly aspects.
LEED certification comes from a third-party review of all of the components in a property. After assessing the property, it can be given one of four possible ratings: Certified, Silver, Gold, or Platinum. If the property has zero net energy bills after a year, it can be upgraded to Zero.
By 2022, he decided that if a new build property wasn’t built to at least a LEED Gold Certification, redT Homes wasn’t going to buy, build, or sell it.
What Does it Take to Build an Environmentally Friendly Home?Currently, Nathan is working on building seven homes in Denver to the Platinum standard. As long as the owners are willing to hand over their energy bills after a year, they anticipate the rating moving to Zero.
To ensure the properties rate at the Platinum level, they follow certain standards. They don’t use gas energy at all, running everything on electricity instead. All of the indoor and outdoor plumbing fixtures are low flow, and the yard will be mostly xeriscaped.
Solar panels will be installed on the roof that will generate more energy than will be used at times, while the owners will be able to draw from the power grid at others. They expect the homes to achieve net zero energy usage based on this.
Building a 1500 sq ft home to the LEED Gold standard costs an extra $20K-$25K in materials and labor. Getting to the Platinum level pushes the cost closer to $50K per home.
Why Buy an Environmentally Friendly Home?During his research, Nathan found that the biggest pool of home buyers is millennials, many of whom care about the environment.
There are three main appeals to the buyer when it comes to building an environmentally friendly home with redT:
- Building with the environment in mind
- Less costly overall because of the increased efficiency
- Healthier to live in
These buyers want to live in homes that are more sustainable and will work with him to ensure the home they want can be built to those specifications. Nathan even had a buyer willing to wait until he was able to build a home at the Gold standard to the sizes and layout they preferred.
The next evolution is to create a lifestyle brand. They plan on adding more features to their properties, such as water filtration, raised planter beds to grow vegetables, and a countertop composter that will generate nutrient dense soil.
Nathan calls these homes a “lightstyle” brand: their impact is light on the wallet and the environment.
Learn More about redT Homes’ Environmentally Friendly BusinessCheck out their website to get more information. You can also reach out to Nathan directly at 720-255-4101.
Today we’re talking about one of my favorite topics—goals. I love helping people figure out how to set and achieve their goals and discussing my own goals. Now is a good time to sit down, do a review of last year’s real estate investing goals, and make a plan for 2023.
We’re looking for contributors for the 2023 Guide to Colorado Real Estate Investing Strategies. This is the crowd-sourced book we publish every year for investors to write down their strategies for investing in Colorado. Last year, we had 40 contributors and this year, we want to get even more. The deadline to submit your chapter is mid-January, with a publishing date of April. Check out the submission guidelines here.
To help you brainstorm and clarify your investing goals, I’m sharing the goals I made last year, and what I have planned for 2023.
Three Learning Options!1. Listen to the podcast “#428: Chris’s 2023 Goals: Learn His Plans and Jumpstart Your Own Goal Setting” Denver Real Estate Investing Podcast 2. Watch the YouTube video. 3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. Looking Back on My 2022 GoalsBuy Two Rental PropertiesI did not accomplish this goal. I didn’t complete my tax returns until September, and the market had shifted by that point. Since I’m also involved in real estate as a career, it’s important for me to be extra conservative right now, and I didn’t want to deploy all my cash into rentals. Instead, I shifted some of my money to passive investments.
Continue Passive Investing with My 401KI did two passive investments with VARECO, along with investing in Ironton Capital and Samuel Drive. I look at these as buying rentals in a different form. With all of the changes in the market, this was the right move for me.
Make Progress on Buying an Office Building for Envision AdvisorsI’m crossing that goal off of my goals list. Last year, I bought a different office building and realized that when you buy a building for your company, it’s a difficult balancing act. From an investment standpoint, you want to find the best deal for your dollar, but finding a property that’s a great investment and a good fit for your business is not always a recipe for success.
Lon Welsh pointed out to me that the best way to accomplish a goal like this is to think bigger. For instance, he owns the Locust St office building that allowed him to scale and gave his company flexibility while still being a great investment.
All in all, I met some goals, others changed, and the rest I didn’t accomplish. That’s ok. I used to beat myself up when I didn’t accomplish everything on my list, but I learned that that’s part of life. It’s important to be realistic and hold yourself accountable, but if something changes—like a shifting market or rising interest rates—you need to be flexible.
Looking Ahead to My 2023 GoalsWith my goals for 2023, I’m focusing on what’s best for my life. I want to make the best use of my time and balance my goals with other important aspects of my life, like my two kids and building my businesses.
Investing GoalsBuy One Directly Owned Rental PropertyI’m going to continue being more conservative than usual this year in order to sit on more cash. With the market changes, I don’t want to lose anything in years two or three, and I’ll be able to play better offense in the future if I have the cash from playing defense now.
I’ll probably purchase this property in the second half of the year. While there are good opportunities for fixer uppers in the market right now, I want a turnkey asset that won’t require a lot of work on my part.
Continue Passive Investing I plan to keep passively investing in real estate using my after-tax dollars and 401K.
Business GoalsBusiness is where I spend the majority of my time and energy. It’s important for everyone to realize where they want to focus and figure out what’s the right fit for them. My active bandwidth goes towards my businesses in the real estate space.
Increase client education While I won’t go into every detail, I want to concentrate on client education. I love educating people about real estate investing, especially as a long-term wealth building strategy. Be on the lookout for an upcoming webinar if you want to hear more about these plans.
Envision AdvisorsI want to add 1-4 agents to the Envision Advisors team in 2023. These agents need to bring value to the table: I want experienced people who can help us expand geographically or who have investing niches that will be helpful for our clients.
Curtis St Media I can’t believe it’s been a year since Curtis St Media officially became an LLC. Over the past five years, I’ve been building out the media side of the company and it’s grown from 3 to 15 people. This is what drives education, connects people, and allows us to network at scale. I’m excited to keep growing and for the behind-the-scenes projects Curtis St Media is working on.
Property LlamaOur portfolio analysis software is a great tool for helping investors understand their portfolio and identify opportunities for growth. We just wrapped up Portfolio Mastermind 2.0, which was a huge success with 600 people registering for it. It validated a lot of our vision for Property Llama and helped us figure out the ultimate direction we want to take with it. I’m excited to keep scaling and officially launch the software in the first quarter of 2023 with plans to take it national.
Ironton Capital Passive investing wasn’t on my goals list originally, but in April 2022 Lon was in the early stages of developing Ironton Capital. He asked if I wanted to help out, and I said absolutely. It’s a no-brainer to work with Lon on an investing or business venture. Helping launch Ironton Capital allowed me to see a more complete picture of long-term wealth building. I love having directly owned rentals plus passive investments. I’m looking forward to helping clients understand this opportunity and use Ironton Capital’s services.
Build out the Human Advisory Side of Business PAM 2.0 made me realize we need a human element to help clients understand how to build wealth. We’re working on building out our network and creating a function for agents to use with their clients. I’ll have more details later this month.
Create Your Investing Goals for 2023Something I’ve learned doing this for so many years is that goals are half art and half science. There’s power in writing down and discussing your goals, but you also need to be accepting of the things you can’t control. One thing you can always count on is change, and being able to adapt to that change will help you clarify your goals.
Please, write down your real estate investing goals and put them in the 2023 book—everyone is welcome, no matter where you are on your investing journey. Check out our guidelines and get writing.
Jeff White and I are excited to kick off the second season of House Hack Mastermind! Our guests are both utilizing a rent by the room strategy and shared their experience and tips on setting up the property and how to screen tenants for a house hack. To hear the full conversation, check out the YouTube video or podcast.
Three Learning Options!1. Listen to the podcast “#427: Don’t Get Stuck with a Bad Roommate: How to Screen House Hack Tenants” Denver Real Estate Investing Podcast 2. Watch the YouTube video. 3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. The House HackersWe’re talking with local house hackers Jordan Lindsay and Jake Shumate. Both recently purchased a house hack in the Denver Metro Area within the past few months–Jordan’s second and Jake’s first.
Jordan is an avid listener of the Denver Real Estate Investing podcast and house hacks with his wife. While it initially took some convincing to get her on board with living with other people, they found a way to make it work for both of them.
Jake was looking for alternative ways to invest other than stocks and mutual funds. He stumbled across our Ultimate House Hacking Guide and decided to give house hacking a try.
The House HacksJordan owns a house in southwest Aurora. There are four bedrooms on the second floor, the main living area on the first floor, and an 800 sq ft fully finished basement. Jordan and his wife decided to live in the basement to have more privacy.
Jake owns a property in Westminster with a similar layout. He decided to convert the dining room into an additional bedroom so he would have four bedrooms to rent out. Like Jordan, he opted to live in the 600 sq ft basement for privacy. He installed a kitchenette so he can prepare his meals in his own space.
House Hacking Pro TipsIt can be challenging to live with roommates, especially as the landlord. Jordan and Jake offered us some tips to help things run smoothly.
- Get an extra fridge. With so many people living in one house, make sure everyone has enough food storage by adding a second fridge in the garage or basement.
- Make sure tenants are clear on whose responsibility it is to take care of snow removal. If you want the tenants to remove their own snow, include it in the house rules or lease agreement. As a landlord, check that your insurance policy won’t hold you responsible for slip and falls on the property.
- Require that all of your tenants have renter’s insurance. To verify they actually got the insurance, have them add you to the policy as additional insured. That way, you can see if they got the policy and if they cancel it without warning.
What’s the Best Way to Screen Potential House Hack Tenants?Screening tenants for your property is one of the most important aspects of rent by the room house hacking. Jordan learned the hard way not to ignore red flags during the interview process and ended up having to ask one tenant to leave. Remember, this is your living space and it’s imperative that you and the rest of the tenants are comfortable.
When it comes to verifying employment and income, being thorough upfront can save a lot of headaches down the road. Jeff has learned to include some extra steps to avoid fraud. For instance, he doesn’t just verify employment with a company, he looks up the employer online to make sure the information is accurate. Instead of asking for last month’s pay stubs, he’ll ask for bank statements, too.
A motivated tenant will provide you with all of the documentation you ask for. Most of these requirements are the same as a larger apartment building, so if the person isn’t prepared to provide the information, they probably won’t be a good tenant.
Thoroughly screen house hack tenants upfront to save yourself from headaches in the future.
Learn More about House HackingAre you interested in learning how to house hack successfully? Enroll in Jeff’s course, How to Self-Manage Your Rental on Autopilot to learn all of his tips and tricks for self-managing a house hack using his time-saving, automated systems.
The November 2022 Colorado market stats are out, and we’re breaking down the data and analyzing the trends. It looks like seasonality is finally back in both Denver and Colorado Springs, with month over month sales and inventory down but higher than this time last year. It’s still a seller’s market, but buyers have the ability to ask for concessions that would have been unheard of in the past couple of years.
A lot of people are waiting to see what the market and interest rates will do over the next couple of months. This means it’s a great time to optimize your portfolio in non-transactional ways to be ready to act next year.
To hear the full discussion with Envision Advisors agents Jenny Bayless, Preston Newberry, and me, listen to the podcast or watch the YouTube video.
Three Learning Options!1. Listen to the podcast “#426: November 2022 Market Stats: Don’t Be Afraid to Ask for Concessions” Denver Real Estate Investing Podcast 2. Watch the YouTube video. 3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. Denver Market Stats and ObservationsActive Listings* Down 14% from last month. + That’s a normal pattern for seasonality; people tend to take listings off market before Thanksgiving and put them back in mid-January after the holidays. + Listings are still up +180% from same time last year. * Much more growth (215%) in single family homes vs condos (110%). * The average number of active listings (1985-current) is 13,900 in November. + While our 6,250 active listings is quite a bit more than last year, it’s no where close to “normal” levels. + It’s still, technically, a seller’s market.
Number Closed* Down 18% from last month. + Again, this is a normal seasonal pattern. * Down 46% from this time last year. + For a few months, we have noted that the number of new mortgage applications is down greatly from last year. It’s no surprise the number of homes closed follows that trend. + Despite mortgage rates dropping more than 0.6% from their high point, we have not seen the number of new mortgage apps increase yet. + I’m not seeing evidence that sales unit count will be going up for at least a few months.
Price* Down 0.2% from last month. * Up 5% from last year * I’m still expecting total year ’23 prices to be +/- 3% from total year ’22 prices. * Some neighborhoods will almost certainly see small price declines.
Days on Market* 34 days, up 127% from this time last year. + Homes are up 140%. + Condos are up 75%. * 58% of listings have had at least one price drop vs. 32% this time last year.
Colorado Springs Market Stats and ObservationsNew Listings* Homes + Down 23% from last month. + Down 21% from last year. * Condos + Down 13% from last month. + Down 28% from last year. * The number of listings in Denver was also down. Most of this is a typical seasonal pattern. Sellers don’t like to have their homes on the market over the holidays.
Number Closed* Homes + Down 15% from last month. + Down 36% from last year. * Condos + Down 9% from last month. + Down 41% from last year. * Denver is off a little more than CO Springs. In the last downturn, CO Springs was more resilient than Denver, too.
Sales Price* Homes + Down 1% from last month. + Up 4% from last year. * Condos + Up 1% from last month. + Up 10% from last year.
Inventory* Homes + Down 8% from last month. + Up 184% from last year. * Condos + Down 1% from last month. + Up 128% from last year. * We’re seeing similar patterns across the US with inventory building vs. last year.
Note: The above Executive Summary is from Lon Welsh of Your Castle Real Estate.
Denver Housing TrendsColorado Springs Housing TrendsGet Started Building Your Own Rental Property PortfolioIf you’re interested in buying an investment property and want to know what’s on the market now, sign up for our weekly deals list email.
The October 2022 market stats for Denver, Colorado Springs, and Pueblo are now out, and our roundtable is back to discuss what they mean. Check out the latest trends, get updates on rental data and interest rates, and find out the latest news on ADUs in Denver.
Self-managing a property is not only a great learning experience, it can significantly boost returns, too. In this deal analysis, Jenny and Leah look at a recently purchased Pueblo duplex that cash flows even with a 7.25% interest rate! The clients’ decision to self-manage took the property’s performance from solid to stellar.
How can house hackers find cash flowing deals in a high interest rate environment? Jeff White joins us to analyze current deals he’s working on that will allow his clients to live for free or close to it.
First time homebuyers Travis and Gentry join us to talk about why they bought a Denver fixer upper with an ADU, and how they decided to convert the ADU into an Airbnb. Find out their great tips for creating systems to automate your Airbnb and how to treat your Airbnb like a business.
In today's environment, we recognize that optimizing your portfolio is becoming more and more challenging. Starting November 15th, we're launching PAM 2.0, a free 5 week Portfolio Analysis Mastermind to help provide clarity.
High interest rates are changing the landscape of commercial deals throughout Colorado and the rest of the country. William Foy and Marcus Davis of Spearhead Commercial Capital join us to explain how they helped a local investor purchase a value-add apartment building in Westminster by including rehab costs in a loan that doesn't have prepayment penalties. While deals may look different these days, it doesn't mean there aren't good opportunities out there.
The September 2022 market stats are out, and our roundtable is back to discuss what they mean and how the Colorado real estate market is trending. Get updates for Denver, Colorado Springs, and Pueblo; find out why our experts think now is a good time to buy; and get the details on some of our latest deals.
If you're like most investors, you assume that holding onto your property for the long-term is always the most financially sound decision. But it turns out there's a lot more that goes into evaluating a property than letting equity grow. Lon Welsh joins us to explain the right way to analyze your property and the options you have to increase your returns. Keep or sell? It's more complicated than you think.
Attention Denver landlords: Are you prepared for the new rental licensing requirements that go into effect in 2023? To help landlords navigate the process, we brought in local property manager Eric Ross and real estate agent/investor Brittney Vernon. They explained the application and inspection process while taking questions from the audience. If you own a rental property in Denver, listen to this episode to find out what you need to know about this new program.
Strategic Partners Marcus Davis and William Foy join us to explain how they helped a client refinance his loans so he can prepare for retirement. With interest rates rising, an adjustable-rate mortgage generated better savings than a fixed-rate loan. Listen to the episode to find out why, and learn how the commercial market is changing with the economy.
Can you get higher returns by paying capital gains tax? Lon Welsh joins us to compare 4 scenarios of investors using their equity to invest with surprising results. Listen to the episode to hear all the details and data.
Will there be a foreclosure boom? Are housing prices dropping? Joe Massey and Lon Welsh join us to go behind today's alarming headlines about recessions and the real estate market. Listen to the episode to learn the truth about 7 economic myths using historical data and analysis.
What do house hackers need to know about estate planning and protecting their assets? Strategic Partner Pam Maass Garrett is a lawyer who specializes in estate planning and shared the most important things house hackers need to consider when it comes to wealth preservation and protecting themselves.
She gave us her top 5 tips house hackers need to know to protect themselves, their families, and their property.
Three Learning Options! Listen to the podcast "#414: Is Your House Hack Protected? 5 Moves You Can Make Right Now" Denver Real Estate Investing PodcastWatch the YouTube video (at the bottom). Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video.
How Is Estate Planning Different for House Hackers?
Before we dive into the tips, it’s important for house hackers to understand that estate planning looks different for them compared to other real estate investors.
Even though you’re living in the property, you need to look at your house hacks as a business. In many ways, house hacking is analogous to owning an apartment complex. There are multiple tenants and common areas, and you need to consider the specific liability that comes with both of these.
- The Time to Start Planning Is Now
You don’t want to put your asset protection or estate plan in place after something bad happens. Making moves after the fact can be considered a fraudulent transfer, and Colorado has a harsh fraudulent transfer act.
Pam once represented a woman who was sexually assaulted by her doctor. The woman reported it to the medical board, after which the doctor started moving his real estate assets into his wife’s name. When Pam found out about this, she went to a judge and was able to freeze the doctor’s assets by arguing that he was getting rid of assets in a way that would deprive her client from being able to collect what she was due. Although they settled the case, Pam could have further pressed for additional damages because of his actions.
Moral of the story: create a plan ahead of time and never move things around after the fact.
- Get the Right Insurance in Place
Because you’re running a business, you want to get insurance that reflects that fact. A typical homeowner’s insurance policy won’t cover everything, such as tenant injury or flood damage. Work with a broker who’s familiar with commercial insurance and can provide you with the necessary coverage.
As the property owner, it’s your responsibility to be aware of potential dangers on the property. Whether it’s an unsafe stairwell or a dog who bites, you are on the hook if something happens on your property. Make sure you resolve potential issues, screen tenants thoroughly, and get the proper coverage.
Finally, it’s important to make sure your tenants have renter’s insurance. Because you’re in a situation where one tenant has the potential to damage other tenants’ property, everyone needs to be covered. You don’t want to be responsible for a tenant who left the water running and ruined other people’s belongings.
- Plan for Disabilities
Here are some sobering statistics: 1 in 4 people will be incapacitated at some point. 30% of all people ages 35-65 will suffer a disability for at least 90 days, and at least 1 in 7 will become disabled for at least 5 years or more.
What does this mean? It’s vital that you get long term disability insurance, and have a plan for someone to step in and take care of your property if you are unable. Loved ones can’t automatically step in and pay bills, which means you could end up losing your property.
Create a plan and get insurance to protect yourself against this outcome.
- Plan Ahead for Death and How to Preserve Your Wealth
A lot of house hacking clients are young and don’t think about dying. But the reality is that if something were to happen, having no plan means your assets go through probate.
Is it ever too late to start investing in real estate? Our guest today is Nicole Rueth, the #1 loan originator in Colorado and owner of 24 doors. She explains to us how she got started investing--at the age of 40! Listen to the episode to learn about her journey, her unique approach to selecting properties, and why she wants women investors to embrace their stories.
The changing market means your investing strategy should change, too. Chris shares how he's shifting his goals to reflect this new reality and take advantage of opportunities. Want to learn about even more strategies? Good news-- we just published "The 2022 Guide to Colorado Real Estate Investing Strategies"! Listen to the episode for all the details.
Denver-based prop tech company Ink is setting out to change real estate contracts for the better. Justin Knoll joins us to talk about how existing technology can be used to modernize contracts and better protect consumers. Listen to the episode to learn more.
The August 2022 Colorado market stats are out, and our roundtable is back to discuss all the trends. A boost in inventory is helping buyers, but should they be worried about too much leverage? Listen to the episode to hear what we think about today's real estate market.
Are you interested in starting a real estate business? Have you done a lot of deals but need help taking it to the next level? Terrance Doyle joins us to talk about the launch of his new community, Value Tribe. By signing up, you'll get access to a community of like-minded real estate professionals, mentorship from pros, and exclusive materials.
Listen to the episode to learn more, and go here to sign up: https://valuetribe.terrancedoyle.com/landing
New Investment Opportunity: Samuel Apartments. Get more details and reserve your spot at https://irontoncapital.activehosted.com/f/8
Is it possible to get better returns by trading down? Jeff White joins us to explain how he gets more cash flow and fewer headaches by utilizing a 1031 exchange to trade his underperforming fourplex for two single family homes.
How did VareCo execute its biggest deal to date during the pandemic? Terrance joins us to talk about how a 41-unit apartment building in North Denver generated the most profit yet. Listen to the episode to learn how they did it, and what Terrance plans to do next.
Is it better to directly own an investment property or passively invest in real estate? Lon Welsh joins us to break down the risks and rewards of each approach, and explain how the current economic cycle might impact your decision.
How do investors find the capital to buy real estate? Lon Welsh joins us to highlight six methods you can use to fund your investments, from refinancing to loan options. Listen to the episode to learn more, and find out if you have dead equity.
Is seasonality coming back to the Colorado real estate market? Is now a good time for investors to buy? The July 2022 market stats are in, and our roundtable is back to answer all of your questions. Listen to the episode to learn how Denver, Colorado Springs, and Pueblo are performing; plus, hear what kind of deals our team is putting together.
What do passive investors need to know about the risks and obligations they're agreeing to? Lon Welsh joins us to go over the documents passive investors are required to sign, what to look for in them, and how they differ from active real estate transactions. If you're interested in becoming a passive investor, you won't want to miss this episode!
I'm excited to announce that we're launching a brand new House Hacking show on Bigger Pockets
Watch Episode #1 https://www.youtube.com/watch?v=7qAtVYWazB8
Diversifying investments is a smart move for everyone—including real estate investors. What kind of diversification is important for passive investors? Lon Welsh joins Chris to discuss the three main ways funds offer diversification and why this is a great balance of lowering risk and boosting returns.
Stacy is back with more Denver Accessory Dwelling Unit (ADU) updates. Listen to the episode to find out which Denver neighborhood just received blanket zoning approval to build ADUs, and learn the 6 main issues residents face when trying to build an ADU and their proposed solutions. Plus, get a sneak peek of a brand-new basement ADU Stacy just completed!
How do passive investors make money off of their investments? Lon Welsh is back in the studio with Chris to explain how syndications and funds are structured and walk us through how general and limited partners get paid. Listen to the episode to learn more.
Evaluating the financial success of your properties is a critical aspect of real estate investing, but what's the best metric for measuring returns? Lon Welsh joins Chris to discuss 4 ways to measure active investments and 3 ways to measure passive investments. Plus, learn the #1 metric that real estate investors overlook.
The Q2 commercial market data is out, and our roundtable is back to discuss what we're seeing. Our biggest takeaway: deals require more effort these days, but they're still getting done. Listen to the episode to learn about the effects of rising interest rates, the impact of supply chain issues on new development, and why affordability is a concern for everyone.
Do you know what Debt Coverage Ratio (DCR) is? As the likelihood of a recession increases, understanding this metric can help investors prepare for the future and make sure their properties can withstand economic changes. Listen to the episode to hear Lon Welsh explain how DCR works, and learn how to apply it to any asset class.
We’re wrapping up our 3-part series on Real Estate Wealth Preservation by looking at an advanced investor who’s branching out into more complex deals. Curious about syndications, joint ventures, and passive investing? Our panel of experts discuss the underlying tax, legal, insurance, and estate planning strategies investors should know before getting involved in these deals.
We’re back with part 2 of our 3-part series on Real Estate Wealth Preservation. In this episode, we’re focusing on how an intermediate investor can protect the ones they love as their real estate portfolio grows. Our panel of experts answer questions about various tax, legal, insurance, and estate planning strategies investors can use to preserve their assets and ensure they’re passed onto their heirs.
Welcome to the 1st episode in our 3-part series on Real Estate Wealth Preservation, in which we explore the tax, legal, insurance, and estate planning strategies that investors need to understand in order to set themselves up for long-term success. In the first episode, our panel of experts discuss what a beginner investor needs to know to protect themselves now and how to lay the foundation of a long and successful real estate investing journey.
The June 2022 market stats are in, and our roundtable is back to discuss and dissect them. As we head toward a recession, should investors start to worry we're in a real estate bubble? Listen to the episode to hear what our team thinks, and get the latest updates on the Denver, Colorado Springs, and Pueblo markets.
To see all of the charts discussed on the show, check out this blog post: https://www.denverinvestmentrealestate.com/should-investors-prepare-for-a-crisis-june-2022-market-stats-and-roundtable-discussion/
Strategic Partners William and Marcus of Spearhead Commercial Capital are back to talk about an Indianapolis industrial building they helped their Denver-based clients invest in. Listen to this episode and learn why even triple net leases offer plenty of value-add opportunities.
In this deal analysis, Strategic Partner and lender Joe Massey joins me to talk about a refinance he helped his clients do on an investment property. By using their equity to invest in another property, they're increasing their overall returns, even as prices and interest rates rise. Listen to the episode to hear how they're still profiting more, despite cash flowing less than before.
Finding a starting point for real estate investing can be overwhelming. Luckily, Lon Welsh is back to explain the 8 dimensions of investing. By taking the time to carefully think through 8 simple questions, you can pinpoint what type of investment fits your stage of life, financial status, and personal preferences. Watch the episode to learn what you need to know to get started investing.
Sign up for the webinar with Chris Lopez and Lon Welsh to learn more about passive investing: https://bit.ly/3OYBMUg
How do you figure out where to start when it comes to investing in real estate? Ironton Capital founder Lon Welsh is back to discuss his Investor Decision Tree. This tree will help investors figure out what type of investing works best for where they are in life, and shows them how to formulate a strategy they can execute. Listen to the episode to hear him walk through the chart using three common investor avatars.
Want to learn more about passive investing? Sign up for the webinar with Chris Lopez and Lon Welsh: https://bit.ly/3OYBMUg
Real estate investing falls into two categories: active and passive. What’s the difference between these two? Lon Welsh, founder of Ironton Capital, joins Chris to discuss different types of real estate investing and the pros and cons of each. Listen to the episode to learn more, and find out if passive investing is the right choice for you.
For even more info on passive investing, sign up for the webinar with Chris Lopez and Lon Welsh: https://bit.ly/3OYBMUg
Who is Lon Welsh? The founder of Your Castle Real Estate is moving into the world of passive investing with his new company, Ironton Capital. He joins us to talk about his business and investing background, and how that experience makes him the right person to run an investment fund. Learn more about his 20 years of investing and running real estate businesses, and how he’s using this experience to ensure solid returns for his clients.
Sign up for the webinar with Chris Lopez and Lon Welsh to learn more: https://bit.ly/3OYBMUg
Strategic Partner and lender Joe Massey joins Chris to wrap up our State of the Market series. We’re walking through the four steps of identifying opportunities in your portfolio, and analyzing four local properties. Listen to the episode to learn how to figure out the best moves for your portfolio, and find out the number one mistake landlords can make!
Strategic Partner Travis Sperr of Renovo Financial joins us to talk about a Fix and Flip in Aurora that he helped finance with a hard money loan. The experienced investor has a solid business model and was able to take advantage of competitive terms to ensure a profit. Listen to the episode to hear the details, and learn how Renovo’s new virtual draw platform is streamlining the funding process.
In part two of our State of the Market series, Chris and Jenny discuss whether or not long term rentals are still profitable, and the best place to invest $50K, $100K, $115K, $150K, and $250K. Not sure how to adjust your approach to rental property investing in today’s market? Listen to this episode to hear what financing and rental strategies are boosting returns and bringing cash flow.
To download all the spreadsheets discussed in the show and other resources, go here and sign up for our special email list: https://www.denverinvestmentrealestate.com/state-of-the-market-6-cash-flowing-colorado-rental-properties-you-can-invest-in-today/
How do you adjust your investing strategy when you’re at the end of your investing cycle? Strategic Partners Marcus Davis and William Foy of Spearhead Commercial Capital join us to discuss an office building refinance they helped a client complete. He’s winding down his investments and wanted to pull out cash and get a lower interest rate. Marcus matched a strategy to his goal, and found a creative way to pull out equity. Listen to the episode to learn how this client freed up $250K in cash!
Welcome to the first of our three-part State of the Market series. In this episode, we’re looking at house hacking in the Denver metro area. Even though the market is rapidly changing, there are still great opportunities for investors. Listen to the episode for an overview of the market, and learn about three case studies that show how house hacking can be a great step towards long-term wealth building.
To download all of our house hacking resources, go here and sign up for our special house hacking mailing list: https://www.denverinvestmentrealestate.com/state-of-the-market-should-i-still-house-hack-in-denver/
The May market stats for Denver are out, and our roundtable panel is back to discuss what they mean. Envision Advisors agents Jenny Bayless and Preston Newberry and lenders Joe Massey and Travis Sperr join Chris to talk about the numbers, trends, and their outlook for the market. Listen to the episode to learn why buyers should feel optimistic even in this seller’s market.
For all of the stats, go here: https://www.denverinvestmentrealestate.com/may-2022-residential-roundtable-denver-market-update/
We all know the market is shifting rapidly, thanks to high interest rates, rising inflation, and war. It can be scary trying to figure out how to adjust expectations and strategies, but luckily, Chris has a 4-step framework for understanding the market, and how to identify opportunities. Listen to the episode to hear the process and learn how to apply it to your own situation.
Is it still possible to cash flow in this market? Lender and Strategic Partner Joe Massey joins us to talk about a single family home in Pueblo he helped Denver investors close on. Not only were they able to find a home well under budget, they’re poised to cash flow $4K a year! Listen to the episode to hear all of the numbers, and learn how different down payment amounts can affect returns.
Are you a motivated agent who wants to close deals and not worry about all the backend work? We're looking for an agent to help us expand our business in Pueblo, CO. Join our team and learn what it means to be an investor friendly agent. Listen to the episode for all the details.
When you're ready to apply, go here: https://www.denverinvestmentrealestate.com/were-hiring-pueblo-investor-friendly-agent/
Remember Derek Marlin's $1 million flip in Episode #317? Today, we're talking to his partners in that flip, married couple Jesse and Rachel. They walked us through the project from their perspective, and how they turned their house flipping side hustle into their main hustle. Listen to the episode to hear their inspiring story, and get tips about how you can turn your passion into your dream job.
Want to find out the latest trends in the Denver area commercial real estate market? Check out our new Commercial Real Estate Commercial Market Updates. We’ve brought in a panel of local experts to discuss the latest trends, how they’re adapting, and where they see opportunities. If you’re interested in the commercial real estate space, you won’t want to miss this episode!
Can you buy a house in Denver even if you’re struggling to set aside money for a down payment? Loftium’s new Host to Own program allows buyers to move into their handpicked dream home today and build up a down payment to purchase the house by hosting Airbnb guests.
Loftium co-founder and CEO Yifan Zhang joins us to talk about how the program works, and why it’s a great alternative for would-be homeowners in an expensive and competitive market.
The residential market stats for April 2022 are out. Envision Advisors agents Jenny Bayless and Preston Newberry, along with lenders Joe Massey and Travis Sperr joined the roundtable to discuss the stats, what trends they’re seeing, and how they feel about the market. What stats would make them start to worry about the market? Check out the episode to find out.
Chelsea joins us to talk about her recent presentation for Property Llama at the Inman Conference in New York City. She explains how she went from not knowing about the conference to being on stage as a presenter, all in the span of a week!
Listen to the episode to learn more about the conference, and hear what other developments are being made in the PropTech space.
In this episode of House Hack Masterminds, Ben and Jeff sit down Kyle and Tiffany, who bought their first house hack in Englewood. They’re adept at pivoting when faced with a challenge, from the city reclassifying their single family home to a duplex during closing, to shifting to a medium term rental strategy.
Listen to the episode to hear their story and what they learned for their next property.
We’re excited to announce the launch of our brand new online course: Step by Step Short and Medium Term Rentals. Short and medium term rentals are a great way to boost returns, but operating a successful one comes with a steep learning curve. Our course, taught by Envision Advisors’ Ben Einspahr, teaches you everything you need to know to set up, advertise, and manage your rental.
Listen to the episode to learn more, and go here to enroll now: https://reico.teachable.com/p/step-by-step-short-term-rentals
Meet Propertyllama, our brand new portfolio analysis software. Combining the utility of spreadsheets and the insight of human advising, this software will change the way you look at your portfolio. Our easy-to-use software analyzes your portfolio, allows you to compare properties, and runs what-if scenarios.
Listen to co-founders Richard McGuirr, Ilona Kazimirko, and Chelsea Scott discuss how the software works and what plans they have to make it even better.
Say hello to REICO, Real Estate Investing Colorado. We've got a new look, a new name, and better investing resources. The best part? We're still bringing you the same podcast, just better.
Listen to the episode to learn about our rebrand and how we're upping our game to provide you with higher quality content and information.
People often ask, "What exactly does Envision Advisors do?" Envision Advisors is a residential real estate investing firm that focuses on helping real estate investors find properties that fit their investing strategies and goals. Whether you're just starting out or already have a portfolio of properties, we can help you create, refine, and execute your strategy.
Listen to the podcast to hear how we help every type of investor and learn what makes us different from your average brokerage.
The monthly market stats for March 2022 are out, and Preston Newberry and Joe Massey joined me to discuss them. How are rising interest rates and low inventory affecting the Denver metro market? We discuss what these stats really mean, and highlight two recent deals that show how the market isn't stopping us from helping clients achieve their real estate goals.
In this deal analysis, Preston explains how he helped his client use a 1031 exchange to sell his condo and buy a Lakewood duplex. By bumping the rents up to market rates, he's poised to make solid returns. Listen to the episode to hear all the numbers and learn how they were able to execute a seamless 1031 exchange.
As much as we discuss investing in properties and building a portfolio, we all eventually stop owning real estate. How do we make sure our loved ones inherit these assets cleanly and without headaches? Attorney and Strategic Partner Pam Maass Garrett joins us to discuss the 5 most common questions she gets about estate planning and asset protection.
Listen to this episode to learn about why you can't rely on a simple will to transfer property, how to avoid probate, and more.
In this deal analysis, Travis Sperr joins us to talk about an 11 unit multifamily property he helped finance in Englewood, CO. The investors have a creative plan to add value to an older building, but traditional banks weren't able to help them. Listen to the podcast to hear the loan details and how they're converting the units to medium-term rentals.
What options do investors have when they need more creative financing than a bank can provide? Our Strategic Partner Travis Sperr of Renovo Financial has the answer. His extensive product suite has loans for just about everyone.
Listen to the episode to hear the 5 most common scenarios he encounters, and learn how direct private money lending can work for you.
Thanks to an appreciating market, many investors have the gift of equity. What's the best way to use that equity to strengthen their portfolio? Our Portfolio Analysis Mastermind was created to answer this question using a combination of advanced software and human advisory.
Listen to the episode to see a high-level, condensed version of the mastermind and find out how to sign up for a free account with Propertyllama, our portfolio analysis software.
After building a cohesive team of A-players, personalizing a contemporary office space downtown, and negotiating over $50M in deal flow; it’s time to expand. Kaufman Hagan is looking for 2-3 elite brokers to join their team.
To learn more about working with Kaufman Hagan and get in touch, reach out to Brandon, Teal or Chris and for a conversation and visit: https://khcommercial.com/work-with-us/
Most people think title companies are all the same, but having a title company that truly values the service they provide makes a huge difference. Our Strategic Partner Tom Konkel of First Integrity joins us to talk about why your relationship with your title company matters, and how First Integrity sets itself apart.
Listen to the episode to learn more about Tom and why he chose to partner with First Integrity.
Do you have a passion for real estate and digital media marketing? We are looking for a Denver-based Digital Marketing Manager to join our team and grow with us.
Listen to the podcast to learn all of the details and go here to apply: https://www.denverinvestmentrealestate.com/job-posting-denver-digital-marketing-manager/
Strategic Partners Marcus Davis and William Foy join us for our first commercial deal analysis. They're walking us through how they helped a client who had 28 investment properties with 28 separate loans. Listen to the episode to hear how they consolidated the loans, which helped him continue his day job as a custom home builder and allowed him to invest in a 56-unit multifamily property.
Go here to learn more about their preapproval process: https://spearheadmortgage.com/getting-started.
Meet our Strategic Partners Marcus Davis and William Foy of Spearhead Commercial Capital. Thanks to their vast network of local and national lenders, they ensure their clients find the right lender for their needs.
Listen to the episode to learn more about the world of commercial lending as they walk us through their 5 most common clients and types of deals.
The February 2022 MLS trends data for Denver are now out. Inventory is at record lows, making a tight market even more competitive. Listen to the episode to hear how we're adapting and why it's still a good time to invest in real estate. Plus, learn about our new show format and send us your feedback!
Our strategic partner Joe Massey joins us to analyze a deal for a condo in Denver. His client is just getting started investing and he helped her navigate the nuances of getting a loan for a condo.
Listen to the episode to hear more about the deal and learn how lending for condos differs from other types of properties.
Today, we're shining the spotlight on one of our Strategic Partners, residential lender Joe Massey. Regular listeners are probably familiar with Joe, or at least his spreadsheet! Joe is your go to lender for a residential property, be it primary home, secondary home, or investment property. His 100% success rate with getting pre-approved buyers to close sets him apart.
Listen to the episode to learn more about the lending process and how Joe does things differently.
We've talked a lot about how to finance and build and ADU, but what do the returns look like once it's done? To find out, we ran a deal analysis on a recently completed ADU in Sloan's Lake that's being used as a short-term rental. Listen to the episode to learn all of the details and learn why ADUs are a lifestyle investment.
Note: There is no video walkthrough for this episode.
We've got exciting news to share: we're launching a media company and bringing you improved content through our Strategic Partners program! It's time to take things to the next level, which means providing you with more in-depth information that covers every aspect of the real estate process.
Listen to the episode to learn more about how our media company is going to increase our ability to network and community build, plus get an overview of the local experts we're partnering with to create content.
The Denver MLS trends data for January 2022 are now out. The inventory of available homes is extremely low, and rising interest rates are causing buyers to scramble to get under contract.
What should investors do? Listen to the episode to find out why we're still investing in real estate and how an adjustable-rate mortgage could be a good option.
We're continuing to highlight our recent Portfolio Analysis Mastermind with a look at Richard and Ilona's portfolio. The goal of the mastermind was to help investors around Colorado figure out the best path for optimizing their portfolios. Thanks to huge appreciation in a short amount of time, Richard and Ilona have a lot of equity, but now their properties are underperforming. What's the best way to take advantage of their equity in this market? Listen to the episode for the full discussion and hear our expert panel's opinions.
What are the latest developments on Accessory Dwelling Units (ADUs) in the Denver area? Stacy is here to give you the top 4 stories from Quarter 1! Since we got so much great feedback from our ADU series, we're providing quarterly updates on this fast-moving segment of the market.
Listen to this episode to find out which neighborhoods are blanket approving ADUs, the city of Denver's updated rules, and more.
Today's episode is a snippet from our Portfolio Analysis Mastermind in which we analyze Ben Einspahr's portfolio. We started this mastermind with the goal of helping investors around Colorado figure out the best path for optimizing their portfolios. Thanks to appreciation and rent growth, the deal they bought 5 years ago isn't the same deal today. The mastermind helps them figure out how and why they should make moves like refinancing, selling, or doing nothing with a well-performing property.
Listen to the episode to see how Ben's portfolio is performing and hear our panel discuss his different options.
What does Chris have in store for 2022? In short, a lot! In this episode, Chris talks about how he met his goals for 2021, and what he wants to accomplish this year. Listen to the episode to learn how he plans to expand and create new businesses, plus his investment and personal goals for the year.
In this deal analysis, Chris and Lauren talk to clients Alexis and Bryant about their duplex in Englewood. They liked the idea of house hacking but didn't want to share their space, so this duplex gives them the best of both worlds. Listen to the podcast for all of the details and learn why this is a great deal now and in the long run.
We're back with another episode of House Hack Mastermind! In this episode, we talk to Stephen Witkowski and Vince Arena, two new investors who are taking different approaches to house hacking. Is it better to do a room by room rental or Airbnb? Listen to the episode to find out why both are good strategies and learn how Stephen and Vince got started investing in real estate.
Brandon Kaufman and Gunnar Wilson of Kaufman Hagan Commercial Real Estate join me to talk about an exciting and unique listing in Denver.
The Essex is a 20-unit apartment building in Uptown that is a designated historic landmark. Top to bottom renovations turned this 115 year old property into a modern, turnkey building that will make passersby think it's a newly constructed retro build.
Owners have the option to continue the short-term rental model in place, or convert to medium- or long- term leases and dramatically lower their taxes. This property is a great deal either way!
Listen to the episode to get all of the details, and download the Offering Memorandum here: https://khcommercial.com/wp-content/uploads/Offering-Memorandum-The-Essex-630-E-16th-Ave.pdf
Brandon Kaufman of Kaufman Hagan Commercial Real Estate joins me to talk about a turnkey 24-unit apartment building for sale in Fort Collins. This is a great opportunity for an investor who worked hard managing their last asset and is ready for a renovated building that will cashflow from day one.
Listen to the episode to learn more details and download the Offering Memorandum here: https://khcommercial.com/featured-listings/foco-flats-632-n-shields-st-fort-collins/
Former Bronco and Superbowl 50 champion Ryan Harris joins Chris and Chelsea to talk about his outlook on life and how that shapes his real estate investing philosophy. Listen to the episode to hear what he learned from blowing his first million dollars. Plus, find out how to add more doors to your portfolio while maintaining the equity you already have.
Have you ever wondered who owns the building of your favorite store or restaurant? Even big name retailers are renters! To understand more about this asset class, we brought in Brandon Gayeski and Zach Wright from Blue West Capital. Listen to the episode to learn more about how these leases work and why they're a great way to preserve wealth.
The Denver MLS trends data for December and the year-end are now out. Despite an an increase in prices, rents, and interest rates, it's still a good time to buy. Listen to the episode to learn why, and hear about Chris and Jenny's plans for 2022 investing guides and expansion.
In this Deal Analysis, Jenny and Chris talk with new investor Emily about the rental property she recently purchased in Pueblo. This is a great example of taking advantage of Denver's appreciation and redeploying it in a lower cost market. Listen to the episode to learn the details and find out how they used creative financing to fund repairs.
What do investors need to know about electrical issues on their properties? To find out, I sat down with experienced electrical Lance Padilla to discuss the top 5 most common issues and how to resolve them. Listen to the video to learn about outlets, wiring, and what types of electrical panels you should replace immediately.
In this Deal Analysis, Lauren and Chris talk to Alex Cowan, a young investor who just purchased his first pure investment property--a duplex in Athmar Park. Even though the duplex required extensive repairs, he is poised to see great returns. Listen to the episode to learn how he got the property and learn about his long-term plans for it.
We're back with another episode of Ask an Investor. Our guest is Ben Einspahr, who recently left his W2 job to join EA, and wants to find out the best way to plan the purchase of his next property. Listen to the episode to learn about the pros and cons of using equity, savings, or retirement accounts to invest in real estate
Brandon Kaufman, of Kaufman Hagan Commercial Real Estate, joins me to talk about a 41-unit apartment building for sale in Denver. This is a rare opportunity to buy an asset in Denver that will cashflow. Watch the episode to hear all the details.
In episode 4 of our Accessory Dwelling Unit (ADU) series, we sat down with builder Phil Daughton to talk about what it takes to build an ADU and how much it costs. Listen the episode to learn about different zoning rules, how long the process takes, and why it's not always better to convert an existing structure into and ADU.
The Denver MLS trends data for November 2021 is now out. Low inventory is driving up home prices, but rising inflation makes it a good time to buy. Listen to the episode to get an in-depth analysis.
In Episode 3 of our ADU series, Stacy and Chris sit down with lender Troy Williams to discuss financing options for building an ADU. Listen to the episode to learn about different types of loans and hear examples of how clients have successfully funded their ADUs.
In episode 2 of our ADU series, we look at a house in the Cory-Merrill neighborhood of Denver that has an ADU over the garage. We ran 3 scenarios to show how the same property can generate different returns depending on how it's set up. Listen to the episode to hear the results.
Welcome to Episode 1 of our 4-part series on Accessory Dwelling Units (ADUs)! We're exploring everything you need to know about ADUs in Denver and the metro area. In this episode, we're providing an overview of what an ADU is, zoning regulations, and different benefits and uses.
It's time to submit your chapter for the 2022 Guide to Colorado Real Estate Investing! Listen to the podcast to get more details and read our submission guidelines here: https://www.denverinvestmentrealestate.com/guidelines-for-denver-real-estate-investing-strategies/
We're excited to announce the launch of our Portfolio Analysis Mastermind! Listen to the episode to learn about the new tool we've created to analyze your portfolio and get the details about our Mastermind on January 11th, 2022. Sign up here: https://bootcamp.denverinvestmentrealestate.com/portfolio-analysis-mastermind/
In this episode, Terrance talks to us about an apartment building he bought last year and sold once the market got hot. Listen in to learn how he was able to turn units and raise rents during Covid, and why he pivoted when the market changed.
Today, we're introducing Denver to a new kind of commercial brokerage: Kaufman Hagan Commercial Real Estate. Listen to the episode to meet Principals Teal Nipp Hagan and Brandon Kaufman. Learn what sets KH apart from other commercial brokerages and how they plan to change the status quo.
The Denver MLS trends data for October 2021 is now out. Things are starting to cool off, even though it’s still a seller’s market. With interest rates ticking up and no sign of price or rent drops on the horizon, now is a good time to invest. Listen to the episode to get more in-depth analysis from Chris and Jenny.
In this episode of Ask an Investor, Jenny and Chris talk to Denver house hacker Kevin Main. He wants to take his investment strategy to the next level but isn’t sure where to start. Listen to the episode to learn more about what types of deals you can find in the Denver market and why Pueblo is a good place to look for an investment property.
In this Deal Analysis, Preston looks at a fourplex he recently helped some clients purchase in the Ruby Hill neighborhood of Denver. He’s worked with them before, so he knew exactly what they were looking for and was able to act quickly. To some people, this deal might not look great on paper, but it’s exactly what his clients wanted. Listen to the episode to see how making minor adjustments can significantly alter outcomes.
In this deal analysis, Stacy looks at a property recently purchased by a house hacker. Even though things didn’t go their way at first, he’s still getting a great deal. Listen to the episode to learn about appraisal gaps and how the numbers worked out.
As we start planning our goals for 2022, now is a good time to check in with Chris and see how much progress he’s making on his goals for 2021. Listen to the episode to hear Terrance interview Chris about his personal financial goals, along with his plans for the brokerage and new media company.
The MLS trends data for September 2021 is out, and Chris and Jenny are reviewing it for both Denver and Colorado Springs. Low inventory coupled with low interest rates may make it hard to find an amazing deal, but trends are indicating it’s not as much of a seller’s market as it has been. Listen to the podcast to learn more about the data, as well as Your Castle’s Q3 multi family income trends.
Let’s face it: bad deals are a matter of when, not if. Eventually, everyone will find themselves in a bad deal. So, what do you do when you’re in one? Chris sat down with lender Joe Massey to discuss three of his real-life experiences with bad deals while under contract, after closing, and a couple of years in. Listen to the episode to hear how they played out, and learn Joe’s three tips for overcoming a bad deal.
We’re back with our second installment of “Ask an Investor” where Jenny and Chris answer all of your investment-related questions. Our guest this week is Catie Lawrence who just left her W2 job to be a full-time real estate agent and investor. She and her husband have a proven track record of flips and BRRRRs but are wondering if they would benefit from a partnership. Listen to this episode to learn about different types of partnerships, loan options for self-employed investors, and what lessons Jenny and Chris learned the hard way.
This episode features another "Deal or No Deal" with ELEVATION’s Derek Marlin. He joined Chris in the studio to talk about a recent flip he did in Littleton. This was his most successful flip yet, what he calls his “HGTV flip." Tune in to find out how he sourced the deal, how they approached the project, and what they were able to get for the property.
The Denver MLS trends data for August 2021 is now out. Trends are starting to go back to historical norms, and anecdotally, people are starting to feel a pressure release. Seasonality is coming back to the market, which means things are starting to slow down. Tune in to find out how sales prices are changing in Denver.
Chris and Chelsea sat down with AirDNA founder Scott Shatford to discuss why he started the company and how it helps people successfully manage their short term rentals. Listen to find out about recent trends in the industry and learn what tips he has to maximize your home’s potential as a short term Airbnb or VRBO rental.
As we continue to grow, we are always looking for talented individuals to join our team. We currently have a job opening for a Commercial Analyst in Denver. Check out this podcast to hear Chris talk about the details of this position.
Anyone who listens to the podcast knows that planning for the end is always on Chris's mind, and every year one of his goals is to get better organized. He recently met with attorney Pam Maass who specializes in estate planning and asset protection. She walked us through the basics that anyone who invests in real estate should learn more about. We've highlighted a few of the topics in the show notes, but tune in to the podcast to learn about more advanced options.
Chris recently sat down with Terrance Doyle to check in with him about his 2021 investing goals that he outlined in the 2021 Guide to Colorado Real Estate Investing Strategies, the crowd-sourced book Envision Advisors puts out every year. Now that we’re nine months into the year, it’s a good time to go back and look at how much progress has been made and what may need attention.
Tune in to find out where Terrance is with his goal to raise $30M in equity for Value Add Real Estate Fund #1.
Join us for our 8th House Hack Mastermind episode packed with practical content for the first time house hacker. Denver house hackers Chris and Jesteny join us in the studio to discuss their criteria for an Airbnb, COVID's impact on their rental income, and optimizing your price to match demand. Listen to the podcast to hear their advice to anyone interested in house hacking with an Airbnb.
On this week’s Drinks and Deep Dives show agent Stacy Rozansky and clients David and Mandy joined Chris in the studio to discuss an update to ADU rules in Denver and talk about using the Nomad strategy. Find out which Denver neighborhood is the latest to approve properties eligible for ADUs.
While most people use spreadsheets and numbers to evaluate their properties, there are other methods that are worth looking at, too. A new aspect of our Portfolio Analysis service is incorporating a Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis. Anyone who’s spent time in business school has probably used this analysis to evaluate deals, but it can also be utilized to give you a new perspective on your property. To understand what it looks like, listen to this podcast to hear Chelsea Scott walk through a SWOT analysis she recently did for a client who owns a fourplex in Loveland, CO.
The guest this week for our Drinks and Deep Dives is Chelsea Scott, our Chief Investment Officer. She joined Chris to explain an interesting factoid about buyer trends and to go over a Portfolio Analysis she did for a client. She’s helping us understand the market by looking at portfolios, collecting data, and running scenarios. Find out who is buying up large quantities of single family homes in Colorado.
Our guest this week is Zach Garfias, an impressive young gentleman who’s a great entrepreneur in real estate. At 18, he was the youngest licensed agent in Colorado to complete a transaction, and from there he’s gone on to successfully flip houses and create several businesses. Now, he’s developing new software that could shake up the market around town. Chris sat down with him to talk about how he got started in real estate and frankly discuss what he’s learned along the way. Listen to the podcast to find out why his new software could be a game changer.
In this deal analysis, agent Lauren Valinoti talks about how she helped her clients evaluate their options and decide whether or not to sell their duplex in Denver in order to buy their dream mountain home. This is a great success story that shows how knowing all of your options and the state of the market can help you make the right decision. Listen to the podcast to find out what they decided to do.
The Denver MLS trends data for July 2021 is out. Comparing year over year (July 2020 to July 2021) is better than comparing the previous month, because we have defined seasonality trends. We are still seeing a seller's market in Denver but not as extreme. A balanced market in Denver is considered to be an inventory of 24,000 to 30,000 homes. July 2021 showed only 4,000 homes. Active inventory was 30% higher in July compared to June which sounds encouraging for buyers but still 37% lower than July 2020. Days on market came in at 9. Listen to the podcast to find out what we're seeing that's positive news for landlords.
We’re back on track this week with our live Drinks and Deep Dives after our two week break and ready to jump back in with an updated intro, transitions, and graphics. This week, Colorado Springs agent Jenny Bayless joined Chris to talk about vacancy and rental rates as well as do a deep dive on a townhome she bought earlier this year. They compared the estimates originally calculated when she bought the home to how it’s performing after seven months. Listen to the podcast to see how reality differed from projections with seven months of actual data.
People often ask me if they can come work for me for free, to just be around, see what we do, and make connections. The lightbulb went off a couple of weeks ago as I was going over all of the people who’d reached out—we should start an internship program, which will bring more structure and help us get projects done.
Our goal is to provide value to you as an organization and for you to provide value to us. I want to network with people and build relationships. Some of these internships will turn into positions with us, some will be deals we do down the road in five or ten years. But this is a great way to learn, network, and work alongside us. Listen to this short podcast to learn about internship opportunities for videography, media, and research.
We have a job opportunity for a marketing funnel expert, or conversion rate optimization specialist (CRO). Listening to the podcast, you have an idea of who we are and what we do here; we want to take the existing brand and combine it with direct response opportunities. Our focus is on providing great value through content marketing and building a brand. Listen to this short podcast to find out more about this position.
One of my biggest goals for 2021 is to expand Envision Advisors into commercial real estate. As I’ve mentioned in previous podcasts, we have a lot of momentum. We’re at a point where we have the right infrastructure to create a job opportunity, do some high level networking, and find a handful of people who are the right fit for Envision Advisors as we expand into this field. Are you a talented person in the commercial real estate space looking for something new? Listen to the podcast to find out more about this incredible opportunity.
The biggest lesson I’ve learned in four years of doing this podcast is that the more I share my goals and plans, the more I attract the right people to help me achieve them. So today, I am going to share my next round of goals that will allow me to think big, get the right people, and crush it. If you’re interested in working with us, then listen to the podcast to learn more about our organization and find out about our exciting new opportunities.
Erik Mehus has been interested in real estate from an early age, and now that he and his fiancée both have well-paying W2 jobs, they’re ready to start focusing on building their portfolio. This deal analysis focuses on his first house hack and second property, a single family home in Arvada. This six bedroom two bathroom home was already split into two units with their own entrances, kitchens, and washer and dryer hookups. Listen to the podcast to find out how they found this turnkey property.
In this week’s Drinks and Deep Dives, Jenny Bayless joined Chris in the studio to talk about market trends for Colorado Springs and Denver, do a deep dive on a recent investment property purchased in the Springs, and answer questions from listeners and clients. For those of you who don’t know Jenny, she runs our Southern Colorado office. They are currently operating in the Springs with plans to expand down to Pueblo. While Colorado Springs is not technically "out of state," it does check off certain boxes that Denver investors are looking for when they decide to look outside of Denver. Listen to the podcast to find out if investing in the Springs might be a good play for you.
Chris recently sat down with Jake Cohen and Erik Mehus to talk about their Airbnb properties in Steamboat Springs. They explained how they got into the business, walked us through the first home, and detailed the lessons they learned along the way. Now, they’re launching a website to help others who want to invest in these types of properties, too. Listen to the podcast to learn from their mistakes.
On this week’s Drinks and Deep Dives show, Chelsea Scott joined Chris to talk about trends in rent data for Denver and the metro area; then, they did a deep dive into a Portfolio Analysis she’s working on with a client. For those of you who don’t know, Chelsea is the head of our Portfolio Analysis division. Our clients can come to her with their portfolios and she can run different scenarios to help them figure out how to optimize their properties to achieve their goals. Listen to the podcast to find out if you need to raise rents to stay in line with market rents.
Most of our clients investing in real estate focus on long term rentals, but as we review numbers and data from short term rentals, we are seeing huge returns in this field. Short term rentals are stays of fewer than 29 nights and are commonly booked through Airbnb, VRBO, or similar platforms. Recently, Chris and Lauren sat down with Bryan Looney, owner of iTrip Denver, a property management company that focuses exclusively on short term rentals. He told us why the Denver area is great for these types of rentals, the benefits of opting for short term over long term rentals, and how a professional management company can greatly boost your income. Listen to the podcast to find out how to create the best listing and determine what the guidelines are for different localities in the Denver area.
For today’s live Drinks and Deep Dives show, agent Preston Newberry joined Chris in the studio to talk about changing trends in Denver. We’re updating our ADU series and need input; discussed how the recent showing data reflects the market; did a deep dive into a duplex purchased by an out of state client; and answered some frequently asked questions. Listen to the podcast to find out if now is a good time to buy real estate in Denver.
At Envision Advisors, we are always trying to increase our knowledge in order to provide clients with more resources. Not only do we try to find great properties and deals, we also look for ways to increase returns and find services that will make it easier to run properties. Lauren and I recently sat down with Shalom and Jonathan, owners of AirSimplicity. AirSimplicity is a property management company for owners of short term rentals. Listen to the podcast to find out how their business works, what it takes to have a competitive property on Airbnb and similar platforms, and what things owners should be aware of before getting started.
In this week’s live Drinks and Deep Dives show, I gave an update on an Accessory Dwelling Unit (ADU) course I’m working on and need your input to make it better. I also talked about my favorite metric to use when deciding to invest and did a deep dive on whether to keep or sell a completely paid off property. Listen to the podcast to hear why population growth is a great metric to use when deciding where to invest.
Because of the low inventory of existing properties and lower price points of new builds, we are seeing a significant shift in interest toward newly built properties. Between Q3 2020 and Q1 2021, about a fourth of our clients started making plays in this area. Buying a new build vs existing inventory has some key differences that each come with its own pros and cons. Listen to this podcast to hear agent Lauren Valinoti walk us through the types of new builds, the buying process, and what you’ll need to keep in mind as you consider your options.
In this week’s live Drinks and Deep Dives show my co-host was Joe Massey, senior lender with Castle and Cooke Mortgage. We did a deep dive into how he recently helped a client go from losing money on his properties to cash flowing just by restructuring his loan. He also answered some frequently asked questions from our audience about the real estate market and interest rates. Listen to the podcast to hear Joe talk about if he thinks we are in a real estate bubble and what he thinks rates are going to do.
Having a goal when investing in real estate is vital. It’s hard to create an investment strategy without a goal to work toward, and for many of our clients, reaching $10K a month in net operating income (NOI) is their main goal. We’re not sure if it’s because they’ve heard that figure on the podcast or if it’s just a nice, round number, but it comes up frequently when we talk with our clients. One of those clients, Travis Sperr, has been investing in real estate for 10 years and is now making $10K in NOI every month. Listen to the podcast to hear his insights on how his goals shape his strategies and how others can replicate his success.
In this Drinks and Deep Dives show, Chelsea Scott joined Chris in the studio to talk about Internal Rate of Return (IRR). This is a powerful but complex metric for calculating annual expected returns. It’s a dynamic way to measure returns because it considers the time value of money (a dollar tomorrow is worth less than a dollar today) and takes into account all cashflow: initial negative cash outlay (down payment), annual cashflows, and proceeds from the sale. Listen to the podcast to find out how to use this calculation to help you decide whether to buy a property in a cashflow or appreciation market.
The Denver MLS trends data for May 2021 is out. Comparing year over year (May 2020 to May 2021) is better than comparing the previous month, because we have defined seasonality trends. Although it’s not yet reflected in the stats, agents and buyers are starting to feel a sense of relief about the market. Listen to the podcast to find out how May's active listings compared to April's.
In this Drinks and Deep Dives show, we focused on how today’s market affects the decision to sell a property and trade up to a bigger and better one. We looked at income and rent growth, walked through four scenarios to see if it makes sense to sell, and talked about how to navigate a 1031 exchange. Is now a good time to sell your Denver home or trade up? Listen to the podcast to find out.
Our guest for this episode is Ben Einspahr who our regular listeners will recognize as the co-host of the “House Hacking Masterminds” podcast. He previously joined me to talk about his first house hack, a three bedroom two bathroom home with a mother-in-law suite over the garage in Arvada. Recently, he and his wife Alyson closed on their second house hack, a new build townhome in Wheat Ridge. We sat down to discuss what the process of transitioning house hacks looks like and to go through the numbers on his new house. Listen to the podcast to hear how house hacking the townhome compares with operating it as a rental.
My guest for this live show was one of our top agents, Stacy Rozansky. We looked at housing gains compared to the stock market, analyzed two of her recent deals, discussed different FHA loans, and gave an update on Denver’s new landlord licensing and inspection requirements. Listen to the podcast to find out why using small down payments and leverage is important.
In our Portfolio Analysis sessions, one common question we receive is “Should I Airbnb my property?” As a follow-up to that question, we also hear, “Should I try to reduce the time on my mortgage to get to the end goal more quickly?” So in response to these questions, we decided to model out one single investment property from one of our clients to see just how an Airbnb or added principal payments would impact the investment and the investor’s cashflow. This podcast explores four scenarios for a house hack using the same property. Listen to find out which scenario is the most lucrative.
In this week’s show, we looked at what the Consumer Price Index (CPI) means for real estate, analyzed how different down payment amounts affect long term returns, and answered audience questions. For an in-depth analysis of down payment comparisons of 15% vs 20% vs 25% down, look for our deal analysis blog post.
In our first Wednesday live show series, Preston and Jenny joined us to give market updates for Denver and Colorado Springs and walk us through 2 recent deals. Both markets have record low active listings and investors are putting in multiple offers before going under contract. But that doesn’t mean we aren’t finding good deals for our clients!
We did 2 deal analyses for properties in Colorado Springs: an 8 unit multifamily apartment building and a commercial office building. Both of these are great properties that are poised to bring solid returns for our investors.
Listen to the podcast to hear more and find out the details of our 2021 Guide to Colorado Real Estate Investing Strategies book launch party on June 4th.
Grab a pen, notepad, and your drink of choice and join us for our 7th episode packed with practical content for the first time house hacker. Denver house hackers Ryan Lind and David Williams join us in the studio to discuss profitability vs comfort scale, insurance ins and outs as a real estate investor, where is the best place to put your money when saving up for your first or next investment property and much more.
This deal analysis profiles first time investor Ryan Lind. Agent Lauren Valinoti helped him find a house hack in Arvada that is set to bring him great returns. But just like every other investor, he ran into some speedbumps along the way. We sat down with him to go over the deal and what he’s learned throughout the process. Listen to the podcast to find out how this first rental property gets him closer to his goal of $10K in monthly cashflow in 7 years.
The VareCo is growing and looking to fill two positions - Asset Manager and Controller. Terrance Doyle recently sat down with me to talk about what they're looking for in an Asset Manager. This podcast is that discussion. The Controller position is not discussed on the podcast, but the job description for it can be found in the show notes.
The Denver MLS trends data for March 2021 is out. Comparing year over year (March 2020 to March 2021) is better than comparing the previous month, because we have defined seasonality trends. All the data points to a difficult April-May for buyers and a continued party for sellers. Listen to the podcast to find out if tenants are making rent.
We are excited to announce that due to the success and growth of our team, we are looking to add more members to the Envision Advisors on the administrative side. We are looking for a Transaction Coordinator and a Director of Agent Operations to work directly with Envision Advisors. Listen to the podcast to hear about these opportunities or read the show notes for the full job descriptions. Instructions on how to apply are at the bottom of the show notes.
In this deal analysis, we’re profiling Bryen Alperin, who, along with his fiancée, bought an old home in LoHi with an attached Accessory Dwelling Unit (ADU). Bryen’s background is in investing, but this is his first house hack. He and his fiancée wanted a home they could comfortably live in that provided them both privacy and rental income. Listen to the podcast to hear how agent Lauren Valinoti helped them find a house that fit their needs and gives them a variety of medium and long term rental options when they’re ready to move on.
Our guests for this podcast are couple Dianna and Will who realized they weren’t happy with the path they were on in California and decided to make some major changes in their lives. After learning about various concepts of financial independence, they saw that real estate investment would help them meet their long-term goals of wealth building. Thanks to a special grant program, they were able to purchase a property to start their house hacking journey for under $5K down. Listen to the podcast to hear their agent Lauren Valinoti review the numbers that show they are poised for some of the best returns we’ve seen on the show.
Have you been thinking about getting started as a real estate investor? Is beginning as a house hacker the right path for you? Is house hacking something you have thought about but aren’t quite sure how it will help you achieve financial freedom? Listen to this podcast to hear Chelsea Scott lay out a plan for how you can achieve $96K annual income after 7 years with a $50K initial investment.
As part of our series on new build townhomes, Chris and Lauren sat down with investor Anthony Musco to discuss the new build townhome Lauren helped him purchase near Olde Towne Arvada. He wasn’t initially looking for a luxury new build, but the historic seller’s market made this play a solid option for him. He was able to take advantage of a grant program to help finance the home, and it is the first step in a long term plan of acquiring properties and accumulating wealth. Listen to the podcast to hear why this robotics software engineer and self-proclaimed numbers nerd sees huge investment property growth potential in the Denver market and outlying suburbs.
The property reviewed in this Deal Analysis podcast is a 41-unit single-structure multi-family in the very competitive Highlands Neighborhood in Denver, CO. The property consists of 38 units with 1 bed and 1 bath and 3 units with 2 bed and 1 bath. This is the fifth VareCo syndication deal featured on the Denver Real Estate Investing Podcast. Check out the podcast episode to hear Terrance Doyle and Chris Lopez discuss the details of this deal.
Hi Denver investors. It’s the end of quarter one, and the only way to describe it is hectic. Between my wife and I both getting COVID and the state of the market, I can’t believe how much time has passed already. I recently sat down to review my goals for the year, and I want to give you an update on the market and some cool stuff coming down the pipeline. Listen to this episode to hear about our new studio, team members and the new content we'll be creating just for you.
Our special guest for this episode is Lon Walsh, the founder of Your Castle Real Estate. Preston and I sat down with him to talk about how he turned his comic book collection into a real estate empire, his advice and outlook on investing, and a case study of a property in Pueblo that walks through how he approaches investments. Thanks to the power of compounding interest, Lon was able to turn his comic book collection into a strong real estate portfolio. Listen to this episode to hear Lon talk about the simple guidelines he follows.
Back in November of 2020, Envision Advisors launched the Portfolio Analysis division. Since then, we have had advising sessions with over 75 clients. The Portfolio Analysis process is the point in the investment journey where we help our clients organize, track and optimize their portfolio.
As we continue to meet with clients and refine our process, we have made some updates to the spreadsheet. Listen to this episode to find out how the portfolio analysis process works and review some of the updates!
What’s it like to house hack as a married couple? In this episode, agent Walker Noon walks through how he and his wife decided to try house hacking with their first property and the things they learned along the way. Listen to find out how living with roommates gives them more options and financial freedom for the future.
Are you interested in building a Denver rental portfolio but not sure where to start? Then… Start here! This podcast is a quick start guide to Denver real estate investing. It should help new investors learn the Denver market and help existing investors stay up to date. Listen to the podcast to hear Chris dive into market stats and recent developments. There's a lot of value in this one!
The Denver MLS trends data for February 2021 is out. Comparing year over year (Feburary 2020 to February 2021) is better than comparing the previous month, because we have defined seasonality trends. The only market in Colorado that is a buyers' market right now is downtown condos, with multiple properties over 100 days on market. When baseball, sports and restaurants pick back up, will that market also pick up? 30-year mortgage rate topped 3% for the first time since July. Listen to the podcast to hear all the stats for the February Denver market.
This podcast is one you do not want to miss! Join us in this sixth episode in our podcast series tailored towards both active and interested house hackers in the Denver Metro Market. The famous Suleyka Bolanos and Alyson Einspahr join Chris, Jeff, and me. The tips these 2 rock stars share are brilliant. Be sure to have a pen and paper in hand so you can take notes!
Investor couple Chantal and Tyler join our resident ADU expert and agent Stacy Rozansky in this episode to talk about a Denver ADU property they purchased in 2017. This property is located near Regis University just North of Denver in the Chaffee Park neighborhood but on the Adams County side. The property had unique characteristics like a full kitchen in the basement and an old garage/barn structure at the back of the property. Listen to the podcast to find out what advice this investor couple has for Denver buyers looking for ADU properties.
Our client in this Deal Analysis was looking to start a rental portfolio and wanted to take advantage of the house hack strategy. He wanted a place under $200k to start, preferably in the Denver metro area.
Check out this episode to find out how he used the Colorado Fair Housing Act (CHFA) Down Payment Assistance (DPA) program to realize his dream of home ownership in Denver. This deal shows it's possible to get into the Denver market without a lot of cash.
Here's our Property Management Update for February 2021. We spoke with Ellie and Devin Reimer, Annemarie Sunde and Gray Hall. Listen to the episode to find out how the POP program helps landlords who are seeking rental assistance on behalf of their tenants.
The Denver MLS trends data for January 2021 is out. Comparing year over year (January 2020 to January 2021) is better than comparing the previous month, because we have defined seasonality trends. This episode gives a few highlights if you're wondering "how is the market?" Sneak peek...don't expect distress sales to bring any meaningful amount of inventory to the market. Listen to the podcast to find out how off the charts the showing trends are for January.
Join us in this fifth episode in our podcast series tailored towards both active and interested house hackers in the Denver Metro Market. Our guest, Andrew Lloyd, joins Chris, Jeff, and Ben in the new and improved Envision Advisors recording studio where we discuss a variety of topics including FHA vs. Conventional appraisal requirements. Check it out to hear Andrew walk us through his experience to date with house hack #1.
The Denver MLS trends data for December 2020 is out. Comparing year over year (December 2019 to December 2020) is better than comparing the previous month, because we have defined seasonality trends. This episode gives a few highlights if you're wondering "how is the market?" Sneak peek...astonishingly low inventory! Listen to the podcast to find out how much the overall average price increased from December 2019 to December 2020.
This Deal Analysis looks at a multi unit Nomad located in the Cap Hill area of Denver. Our client was a first time investor looking for a multi family to rent out one side and live in the other. Check out the episode to run the numbers with us and see how this rental property is expected to perform over the first year.
This Deal Analysis features a home located in Denver’s West Highlands. It is on a quiet street close to other rentals and has a separate basement entrance for an Airbnb second unit. The investor was planning a career change and wanted to lock it in while bankable. There are lots of great lessons learned in this one, so check it out.
As you might remember from a few months ago, we decided to grow our team into what is now the Envision Advisors. Our goal is to help investors achieve their financial and retirement goals through real estate investing by finding deals and helping them with their long term strategy. We are looking for team members with a strong interest in real estate investing for their clients and for themselves. While helping clients achieve their goals, we assist team members in achieving their own financial goals. If you are a real estate agent that is interested in working in the Colorado Springs division of Envision Advisors, please check out this episode!
Located in Denver’s Sloans Lake neighborhood, the brick home featured in this Deal Analysis was built in 1906 and had plenty of opportunities to add value. The property was dated but with great outdoor space. It was clean and in desirable U-TU-C zoning. The upside achieved by improving the interior and building a secondary unit offers several attractive exits. Listen to the podcast to find out how this Denver investor couple expects this property to perform.
Grab a drink and join us in this fourth episode in our series tailored towards both active and interested house hackers in the Denver Metro Market. Our guest house hackers Pat Doughty and Justin Bourn join Chris, Jeff, and Ben to discuss a variety of topics. Listen to the podcast and make sure to stick around until the end and have some laughs with us as they all discuss their best and worst memories of their first real estate investments.
This is the fourth syndication deal from The VareCo featured on the Denver Real Estate Investing Podcast. In this episode, The VareCo's Terrance Doyle and Ben Davis discuss their latest multi-family acquisition in the Twin Lakes neighborhood of Denver.
The property’s poor condition and 50% vacancy rate made this property a candidate for The Value Add Real Estate Company’s portfolio, but a lack of available comps and the location being in a lesser-known neighborhood presented a few speed bumps that had to be navigated along the way.
Check out this episode to see how the deal was penciled out by working backward.
Denver real estate investor Terrance Doyle shares his goals for 2021. Find out how he took his business from an average purchase price of $1.5m in 2019 to closing on over $28m in multi family assets with an average purchase price of $5.2m in 2020.
To read Terrance's complete chapter, check out the episode web page.
Envision Advisors is looking to hire a Social Media Manager to work with our Denver office. Listen to the podcast for all the details and check out the episode web page which has the full job description.
Please forward this to people in your network. This is a great position in which to learn and network with active Denver real estate investors and grow with our company.
This episode outlines Chris Lopez's real estate investing goals for 2021. Listen to the podcast to get ideas to help you set your own goals.
We are currently accepting submissions for our 2021 Colorado Real Estate Investing Guide, so write down your goals and share them with us.
This episode highlights two recent house hack purchases from our clients Patrick and Noelle. The podcast discusses how they started their real estate investing journey and how their goals have evolved.
The first analysis is Noelle’s house hack in Athmar Park. The next deal analysis discusses Patrick’s second house hack in Lakewood with an ADU. Tune in to find out why they chose these properties and what ROI they expect based on the calculations.
The Denver MLS trends data for November 2020 is out. Comparing year over year (November 2019 to November 2020) is better than comparing the previous month, because we have defined seasonality trends. Lots of buyer demand is still evident despite the election. No seasonal slowdown in sight yet. Check out this episode to get all the details.
This Deal Analysis looks at a 1031 exchange duplex located in Lakewood, Colorado. Our client was a buy/hold investor from the United Kingdom. He had three properties in the Denver area and sold one to trade up to a multi family property. Check out the episode to see how the numbers stack up.
Our resident ADU expert and agent Stacy Rozansky joins me in this episode to give an update on the current landscape in the Denver Metro area for ADUs. Our goal is to do these regularly, since this is a quickly evolving landscape and zoning regulations change frequently. Check out this episode to see how ADUs can add rental income to offset monthly mortgage payments.
This is a great up/down duplex near West Colfax in Lakewood. It's in a quiet neighborhood in an up-and-coming area with strong rental potential. This older property has good upside with sweat equity potential and plenty of parking. Listen to the podcast to hear the full deal analysis for this Denver rental property.
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?
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.
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.
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!
The way we’ve structured Envision Advisors is different from the traditional real estate agent business model. We subscribe to the divide and conquer strategy which is why we’ve built a highly skilled team with each person working in their sphere of expertise. It allows every team member to double down and focus on their strengths and in turn, leads to an exceptional team of All-Star real estate professionals for you, the client. From the agents that are involved in your first discovery call with us to our contract specialist, our lender partners and our portfolio advisors, everyone is working efficiently and effectively within their specific wheelhouse to get you to the closing table.
This is the fourth episode in our Rebranding series. In it we dive into our newest service and division which we briefly touched on at the end of the last episode. Our Portfolio Analysis Division is a game changer. Our goal with this innovative addition is to help new and existing clients first envision and identify their long-term goals. We then advise and counsel them on the best path forward to achieve their goals through annual rental portfolio reviews and evaluations.
This is the third episode in our Rebranding series. So far we’ve talked about why we chose our new name and how it encompasses what we do. We’ve also shared the importance of our expanded team of talented real estate professionals and our detailed and clearly defined process specifically designed with real estate investor clients in mind. In this third episode, we layout and define our expanded brokerage services geared toward real estate investors in Denver and Colorado Springs.
Our process has been carefully developed and perfected to maximize success for our clients. We have found that by following these steps, our clients can successfully transition from passive learner to active real estate investor. When you’re a client of Envision Advisors, you have a team working for you behind the scenes to walk you through a proven process that can help you get off the sidelines, put your learning into action, and achieve your goal of buying a rental property.
We are excited to announce that we are rebranding and changing our name to Envision Advisors at Your Castle Real Estate effective immediately. This new name and rebranding strategy reflect both the evolution of the company as well as our vision for the future.
Our client for this 11 unit apartment building purchase was an out of state, first time investor looking to get into the Denver market as he plans to relocate to Denver in the future and knows Denver has a strong real estate market. We were able to find a great multi family property in Aurora that had some upside in rents with a little updating and better management. This deal was certainly unique as we navigated the majority of it remotely with our client during many of the COVID restrictions.
A panel of property managers gives their take on the current Denver rental situation for October 2020 and the continued effects COVID is having on the market.
This is the first episode in our new Virtual Happy Hour Series hosted by Terrance Doyle and Chris Lopez! Kick back, grab a drink, and network at a distance with new people who are involved in Denver real estate in one form or another.
Our guest for this first episode is Brandon Gill, co-founder of Urban Land Acquisitions and one of the ultimate real estate hustlers in Denver. He knows how to find some of the best off-market deals in the city and shares some of what he is seeing in the current environment as well as how his business has evolved over the last 15 years.
The Denver MLS trends data for September 2020 is out. Comparing year over year (September 2019 to September 2020) is better than comparing the previous month, because we have defined seasonality trends.
Once again I'd like to reach out to those of you in our network with another job opportunity in Denver. It's also a great opportunity to learn and network with a very active and successful investor in Denver!
I've had such success with this strategy in the past, so I'm hoping to continue that success and help Terrance Doyle find a Videographer to work with his company, The VareCo.
Listen to the related podcast (at the bottom) to hear from Terrance about this opportunity.
Please feel free to share this posting with others.
The VareCo
The VareCo is a real estate investment firm based in Denver, that focuses exclusively on Multi Family. We offer unique solutions to specific real estate problems and opportunities by doing so we create real value for our investors and partners.
We are looking to add a creative video content creator to join our team! You will be responsible for conception, design, creation, development, and production of media. This includes video, audio, multimedia, and other forms of digital media. You will coordinate distribution to ensure that quality standards are met in all final products.
Position: Full-Time Videographer
Essential Duties & Responsibilities
Develop concepts and designs for video productions projects of varied duration and complexity.Film video on location and in a studio environment.Manage and coordinate video pre- and post-production processes.Edit and post-produce videos.Prepare videos for delivery including compression, publishing and uploading.Develop and manage a database for all video and multimedia assets.Archive videos & multimedia.
Knowledge, Skills, Abilities
Comprehensive knowledge of media production and communication techniques and methods.Comprehensive knowledge and experience using video camera equipment and lighting.Comprehensive understanding of storytelling, design and editorial processes, as well as the ability to integrate them all with high production value.Experience using advanced video editing software (e.g.,Adobe Premier, Final Cut Pro or Avid Media Composer).Ability to effectively handle pressures and demands of deadlines and competing priorities.Ability to handle confidential information and material with the highest degree of professional responsibility.Strong interpersonal and presentation skills.Strong project management skills.Ability to follow safety policies and regulations; scan the environment for objects or people who may pose a safety risk.
Physical Requirements
Sedentary to light work. Ability to lift or carry at least 10 pounds.Ability to view computer screen, sit, stand or walk for extended periods of time.Ability to work in a constant state of alertness and in a safe.
Please contact Nicole Valdez via email at nicole@thevareco.com.
In the subject line: FT Videographer Position
Include
Cover LetterResumePortfolio/ B-Roll
*Compensation will be based on experience
This post highlights The VareCo’s acquisition of a portfolio with unique complexities, stringent federal regulations, and creative opportunities. This portfolio consists of two multifamily complexes sold as a package-deal in two separate, high density, high-growth neighborhoods in Denver, CO.
This is the second podcast of our new series tailored towards Denver investors interested in house hacking. The idea behind this series is chatting with local investors that are either on their first house hack, in the process of closing on their first house hack, or currently working with our team in search of their first house hack.
Our client is a young working professional purchasing his first Denver investment property though the Nomading™ approach. He wanted his first purchase to provide a balance of investment and lifestyle. Location was one of the main focuses along with cash flow after moving out. The neighborhood will continue to appreciate.
Our client is a young working professional purchasing his second investment property through the house hacking approach. The client wanted his next purchase to provide a balance of investment and lifestyle. Location was one of the main focuses along with the ability to add value to the property to increase the rents by finishing out the basement into a separate unit. The neighborhood will continue to appreciate and the property is zoned and large enough to add an additional dwelling unit (ADU).
The Colorado Springs MLS trends data for August 2020 is out. Comparing year over year (August 2019 to August 2020) is better than comparing the previous month, because we have defined seasonality trends.
The Denver MLS trends data for August 2020 is out. Comparing year over year (August 2019 to August 2020) is better than comparing the previous month, because we have defined seasonality trends. An executive summary is provided.
While writing this guide, a great opportunity popped up to partner with an agent in Colorado Springs. Her name is Jenny Bayless. She’s an active investor in the Springs and a CPA turned investor-friendly Realtor. Long story short, we had just enough time to add a module on Colorado Springs to this guide to highlight some of the differences. If you’re interested in the Springs market, make sure you keep an eye on our podcast and email list as Jenny and I will be doing a deep dive into the market!
I rarely see blogs, podcasts and YouTube videos discuss the long-term investing options that house hacking present. Yes, they do a great job of focusing on living for free or near free for a year or two, but they don’t put it into context of what house hacking can do for you over the next few decades. Well, this section will!
In this section, we will be talking about preparing to buy your next house hack property. Whether it’s moving from your first house hack to your second or your fifth house hack, we will help you with the steps needed to transition to that next one. We will go through some considerations you will want to keep in mind when planning your next house hack and turning your current house hack into a rental.
So, you finally found a great property that will work for you, and the keys are in your hands. What a wonderful feeling! Now what? This is where the fun starts! In this module, our expert House Hacking Coach, Jeff White, will guide you through the top six things you must consider before acquiring your first tenant.
Congratulations! You are under contract. Now that you’ve identified a great property and are officially under contract, we want to talk about the next steps. We’ll discuss your responsibilities, our responsibilities and what you can expect moving forward.
Going out and actually looking at properties is arguably the most exciting part of the process when searching for homes. While it may be daunting for clients waiting to get to this step, it is important that our clients are fully prepared and knowledgeable about the process. We like to set good expectations so that our clients feel empowered to make quick and knowledgeable decisions.
As with any real estate investing strategy, it is important to have a solid team in place to help you execute purchasing your real estate properties. The type of investing you are embarking on will dictate who you need on your team. For this section, we will obviously be talking about assembling a team to help you purchase a house hacking property.
The goal of this module is to walk you through a long-term financial model of buying house hack properties. The model balances key variables and simplicity. It’s designed to show you the long-term power of buying multiple house hacks and ask key questions along the way.
Having a plan for your finances and writing down your investing goals are two key habits that you want to implement. In this module we will go over some key points to keep in mind and tips on how to best plan your future, and not only buy your first house hack, but make sure you keep it through the ups and downs of the market, through the curveballs life throws at you and set you up for long term success.
All of us agree that the focus for deal analysis should be on #2 - after you move out and convert it to a rental property. Remember, you are buying a future rental, so the numbers need to make sense as a rental. It’s common for new house hackers to get tunnel vision and only focus on the analysis while living there. Don’t! The real wealth-building comes from buying multiple house hacks that make sense as rental properties.
There are two scenarios that we need to consider when we are evaluating how to maximize rents for house hacking. How to maximize rents while you are living in the property, and how to do it after you move out. This module walks you through the analysis.
Since we went over which property types work best for house hacking in the last module, it only makes sense that we now explore what areas of the Denver Metro area we find those types of house hack properties.
This module discusses the best properties for house hacking in the Denver market today. Several people who come to us have researched house hacking online about the type of property they think they need to be successful with a house hack strategy. While certain properties might be more ideal, the information usually acquired is from talking about house hacking on a national and very general level. Online national information is often like a “square peg in a round hole” situation—it just doesn't work! We want to look at house hacking on the local and specific level and what will work best for our current market in Denver.
In this second episode of the Ultimate House Hacking Guide, Joe helps us to understand the basics of financing, which loan types are available for house hackers and why house hacking can be so attractive from a financing perspective.
This is the first module in our new Ultimate House Hacking Guide. What is house hacking, and who coined the term? While it’s a newer term and a great name, this investing strategy has been around for a long time. Check out this module to see how each of the authors define it, the variations of it, and how it differs from traditional investing.
What is house hacking and how can I learn to use the strategy to build my real estate portfolio? We are launching a brand new series called The Ultimate House Hacking Guide for Denver: A Technical Guide to Building a Denver Rental Portfolio Through House Hacking that will teach you just that.
We just kicked off a new series of podcasts tailored towards Denver investors interested in house hacking. The idea behind this series is chatting with local investors that are either on their first house hack, in the process of closing on their first house hack, or currently working with our team in search of their first house hack. This is the first in our series.
My interview with Terrance Doyle of The VareCo is part of our Book Contributor Interview Series. Terrance wrote chapters for both the 2019 and 2020 Guide to Denver Real Estate Investing Strategies books. Derek Marlin joins me as co-host as we talk about how Terrance transitioned from single family to multi family, flipping in Denver and apartment building syndication.
A panel of property managers gives their take on the current Denver rental situation for August 2020 and the continued effects the Coronavirus is having on the market.
The Denver MLS trends data for July 2020 is out. Comparing year over year (July 2019 to July 2020) is better than comparing the previous month, because we have defined seasonality trends. The seemingly dramatic price jump in the average price for Denver Single Family to just over $600,000 is a bit misleading. Read the blog post to find out why. Lon Welsh, founder of Your Castle, also recently provided a summary of Long Term Real Estate Trends and COVID Impact in Denver and a Denver Apartment Market Trends - Q3 2020 report. Check them out for valuable data on the Denver real estate market. Links in show notes.
This deal highlight shows a House Hack opportunity on the MLS. This property is centrally located, very close to downtown Colorado Springs. It also already has a kitchenette and second entrance, lending itself to being an easy conversion to a second living space. Further, it is zoned appropriately at R-4 (meaning multi-family units are authorized) to allow for a 2-family set-up.
This deal highlight shows a traditional single family rental property opportunity on the MLS. This home is centrally located close to Memorial Park. This property has a little bit of immediate equity potential too with comps selling for up to $225,000 for very similar homes nearby.
This deal highlight shows a recently listed multi-family property on the MLS. This will give an example of an "off-the-shelf” multi-family rental property for purchase.
This deal analysis breaks down how intermediate investors purchased a wholesale single family home to build their real estate investment portfolio for retirement and were able to leverage the Buy-Renovate-Rent-Refinance-Repeat (BRRRR) method in order to expedite their ability to scale and acquire more rental properties.
In the last 12 months, Colorado Springs homes and condos both appreciated at 7%. While appreciation has slowed a bit, Denver Metro prices are at half this growth rate. Colorado Springs is a stronger seller's market than Denver regarding appreciation rates. Home inventory is up while condo inventory is down.
This is the first of our quarterly series on the State of the Denver Market. If you're not sure where to start, this is it! Every quarter we'll release a new one to give the latest data. In it, we discuss market trends, mortgage rates, underwriting basics, current opportunities, tips and red flags. We also answer common questions like "Is it still a good time to buy rentals?" Check it out to learn about Denver investment real estate.
Terrance Doyle and I sat down with former NBA player and Denver investor Kelenna Azubuike to discuss how he got started investing in real estate and his current strategy. Kelenna started with single family fix and flips in Denver in 2009. He worked as a team with his mother and brother finding bank owned or foreclosure properties, renovating them and either selling or holding them. After following that strategy from 2009-2014, he changed to buying turnkey buy-and-hold properties. He found that his full time job doesn't leave time for dealing with contractors and tenants. His goal is to build a real estate portfolio that provides a passive income stream.
My guest for this episode is Josh Erney, a Denver real estate investor and client who contributed chapters to both the 2019 and 2020 Guide to Denver Real Estate Investing Strategies books. Josh is 29 and works in IT full time. His investing strategy is a combination of real estate (house hacking), life insurance, and stock market investing, primarily in ETFs and mutual funds.
This post with Terrance Doyle and Ben Davis of The VareCo covers how The VareCo sourced a 25 unit portfolio, got it under contract, underwrote, raised capital and their plan for repositioning the properties. The property portfolio includes six all-brick structures. Five buildings are fourplexes, and one is a five-unit building in Wheat Ridge, CO. Each of the 25 units consists of 2 beds and 1 bath, with a total of 780 square feet per unit.
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.
After our Real Estate Ride Along show launched on the BiggerPockets YouTube channel on June 17th, Terrance and I got together with show guest Athena Brownson for a Facebook Live event where we answered questions about the property featured on the episode.
My guest for this episode is Derek Marlin who does fix and flips. This will be the first in a four-part series with Derek talking about deals he’s doing as well as deals he’s not doing. In this case, he chose NOT to do the deal. He ran the opportunity through his spreadsheet, and it did not pass the test. This is more common than not; he analyzes 8-10 properties for every one that passes the test.
My guest today is Derek Marlin. He’s been on quite a few podcasts including the ELEVATE Your Flip Series talking about what he’s doing in Denver with fix and flips through his flipping business Elevation. His sister business, Elevation Apartments, buys and holds multi family legacy assets. Derek wrote a chapter for both the 2019 and 2020 Guide to Denver Real Estate Investing book.
This is the first episode where I interview a book contributor who wrote a chapter for "The 2020 Guide to Denver Real Estate Investing" book. The goal for this podcast series is to check in with them to have them recap their real estate investing strategies and how it has changed since the COVID pandemic.
In this podcast, I interview Austin Allan. In January 2020, we helped him buy his first house in Aurora. Recently we featured his room by room house hack in a deal analysis podcast.
In this episode, I interview Ben and Alyson Einsphar. In 2019 we helped them buy their first Denver house hack. They are house hacking in Arvada, CO by Airbnbing part of their home. Their Arvada Airbnb house hack was featured on an earlier deal analysis podcast.
Terrance Doyle and I are launching a new show on BiggerPockets called the Real Estate Ride Along Show. Watch show #1 at https://www.youtube.com/watch?v=i-1zWCISduY. Let me know if you want to join us on a future episode!
As the entire month of April fell in Colorado’s statewide Stay-at-Home order, no surprise that showings took a plunge. But as soon as restrictions lifted in May, showing activity jumped up to normal levels for this time of year!
We received really great feedback from last month's Property Management update so we thought we would continue to do updates once a month at least until the world starts to settle down. This allows our investor clients can get the inside scoop from professional property managers that specialize in the Denver market. As a reminder, or if you didn't catch May's update, we will be focusing on data collected regarding rent collection and trends we are seeing from month to month so landlords can be as educated as possible and know what to expect.
This post is not like our typical posts which focus on investing... Rather, this is geared towards real estate agents.
We're looking to grow the DenverInvestmentRealEstate.com team with a few agents! If you're an agent interested in investing, then this post is for you. In my experience, I've always had the best luck with getting the "right people on the bus" by reaching out to the community.
A couple of months ago we did an eight-part series called “Elevate Your Flip” with Derek Marlin. We got such good feedback from the series that we wanted to continue with it and do a quarterly update to talk about what’s going on in the market, what Derek is seeing on the flipping side, go over some statistics, and review some deals.
This is a unique fourplex in a great part of town. It’s a mixed-use building with residential, commercial, and retail. It’s on South Broadway near I-25 with great walkability. The area is seeing great growth from new class A apartment buildings and lots of restaurants and retail stores. The light rail is walking distance. The plan is to take the cash flow now and ride the wave of change and appreciation!
This property is an updated fourplex fourplex in Longmont, CO. It is a great location, only a few blocks off Main Street. Our client wanted a fourplex in an up-and-coming area with strong rental demand and upside for appreciation and rent increases. Acquiring this property is a big step in helping our client reach his early retirement goal.
Our client was an out of state investor with a small apartment building in Los Angeles, CA. He wanted to sell and 1031 the money to Denver for a better cap rate and future retirement plans of moving out to Denver. He has family in Denver who acted as ”boots on the ground” and to help manage the asset. We coordinated with the California agent, 1031 Qualified Intermediary, and all parties to get the transaction completed per the 1031 rules. There is significant upside in rents by upgrading the building electrical system and installing in unit washer/dryers and AC ductless mini-split systems.
This property is an established 8 unit in a desirable part of town near Denver University. 6 of the 8 units were recently updated with mostly long-term tenants. A plus is brick construction with low maintenance. There's potential upside in turning two units, charging for parking and storage, bringing in better management, and bringing some units up to market rent. The long-term goal is to refinance into a non-recourse mortgage after updating units and rents are increased.
Some of the most asked questions we are receiving are from landlords wanting to know how rent collection is going during this pandemic and what they can expect. Instead of relaying the information third hand, we've decided to interview four property management companies to get the information straight from the source.
April is the first full month of data with the COIVD-19 pandemic. In addition to the monthly market stats, I want to share some great data points from the Colorado Real Estate Journal's "Impacts from previous macroeconomic downturns." It's a great article on multifamily in Denver.
The investment property discussed in this Deal Analysis is a 9 unit apartment building in Aurora near the Anschutz medical complex. Originally it was a 6 unit, but a previous owner converted it to a 9 unit which was approved by the city. The seller bought this one year before as an apartment flip. The previous owner was in over his head. There were major management and property issues. The current seller rehabbed eight out of the nine units, stabilized rents, and handled utility issues from the six to nine unit conversion.
Chris Lopez purchased this Westminster fourplex in a 1031 exchange from an out of state property. Chris and the seller worked together so they could have a closing time favorable to both parties. It was very much a “win-win” transaction. The property was attractive to Chris, because it was renovated which should keep maintenance and capital expenditures low for many years. Higher cap rates could have been achieved with four individual condos, but keeping it simple with one transaction to minimize potential 1031 issues was ideal.
Aurora condos are typically the best cash flowing investment properties in the current Denver metro real estate market. Our clients picked up their third rental property in Aurora. This is a great property because it’s fully remodeled and ready to go. Also, there is a relatively easy value-add play of turning a second living room into a fourth bedroom by adding a door and some drywall work. More bedrooms = more rental income.
Buying detached homes in Aurora near the Anschutz medical campus is one of the last areas around Denver to buy lower priced homes that cash flow. These properties make sense because of their low price point, high rental demand and potential for long term upside. Between opportunity zones and three major hospitals, this area has a lot going for it.
The 2020 Denver Guide to Denver Real Estate Investing Strategies book is published!Order on Amazon at https://amzn.to/2xRuEGM
One bedroom condos are the lowest price point properties that you can find in Denver and Aurora. An investor can buy one for just over $30,000 out of pocket with a 25% down payment. You won’t find other rental properties that need so little down!
Usually, the properties we buy on the west side of town are for House Hackers and Nomaders™. Our investors wanted to buy an investment property that was near their home. Cash flow was not their main goal as they are buying this for retirement purposes. With Lakewood’s Proposition 200 passing in 2019 (which limited residential growth), there’s potential for solid appreciation.
This is an Aurora rental condo purchased by Chris Lopez. It’s a straightforward rental property that met his criteria and in a complex where we’ve done many transactions. Aurora investment properties are some of the best cash flowing rentals in the current Denver market.
Our clients wanted to buy a house in an area they could enjoy while living there and hopefully ride the wave of transitioning neighborhoods and therefore appreciation.
This analysis breaks down helping a first-time homebuyer and new investor to buy his first house hack. Our search focused on townhomes, since they have lower price points than detached homes. While he’s living there, the rent from two roommates ($850 each) more than covers his mortgage and HOA payments. He’s practically living for free! When he moves out after the one year mark, the numbers make sense as a rental property too. A solid win-win!
The Denver MLS trends data for March 2020 is out. Comparing year over year (March 2019 to March 2020) is better than comparing the previous month, because we have defined seasonality trends. Now we have the coronavirus, and that is definitely having an impact on the market.
In this episode, I discuss a duplex house hack in Wheat Ridge, Colorado that closed in Q4 2019. In the current Denver market, we do not find many multi families that make sense for house hacking, but this one did! We found a duplex with a great layout that was sitting on the market, because it was overpriced.
There are two different deal analyses discussed in this episode. #1 Living at the house while Airbning the mother-in-law suite in Arvada, CO. #2 A long term rental analysis for after they move out.
Updates on how the coronavirus is impacting landlord and the Denver real estate market.
This deal analysis breaks down how a family of four is using the Nomad™ real estate investing method to start building their rental portfolio for retirement planning.
This deal analysis discusses a room by room house hack in Aurora, CO. Our team helped the client successfully buy their first house hack and future rental property. While living there, our client will spend only about $300/mo in housing expenses. Once he moves out, he'll cash flow close to $5,000 a year by renting it room by room.
Get the latest information on the coronavirus and the Denver real estate market. Plug into the BiggerPockets forum at https://www.biggerpockets.com/forums/628/topics/818051-denver-coronavirus-updates-and-q-and-a for the latest info and to ask questions.
This is the third of three tutorials using the rental property analysis spreadsheet. This tutorial discusses the long term analysis. You can download the spreadsheet and view the video tutorials here.
This episode is the second of three tutorials using the rental property analysis spreadsheet. This tutorial discusses analyzing house hack and Nomad properties. You can download the spreadsheet and view the video tutorials here.
This episode is the first of three tutorials using the rental property analysis spreadsheet. This tutorial discusses analyzing rental properties. You can download the spreadsheet and view the video tutorials here.
The Denver MLS trends data for February 2020 is out. Comparing year over year (February 2019 to February 2020) is better than comparing the previous month because we have defined seasonality trends. I review the data in this episode.
There are hundreds of different strategies for finding and taking down real estate deals in Denver. They fall under four main categories as outlined in the Deal Quadrant. I walk you through the pros and cons of the four categories and discuss where we find our deals.
It's been a couple of months without in-depth deal analyses, but that's about to change. I'm getting ready to do a "deal blitz" where I discuss a variety of deals we've closed over the last couple of months. Once everything is published, the website and podcast will have a great resource library, and clients will get a copy of the new "Denver Deals Analysis" booklet.
Annemarie Sunde of Legacy Property Management attended the National Association of Residential Property Managers (NARPM) conference. She took great notes on the state of the property management industry and hopped on a podcast to share it. Most of the information is national-level data, but we related it to Denver as much as possible.
The Denver MLS trends data for January 2020 is out. Comparing year over year (January 2019 to January 2020) is better than comparing the previous month (December 2019 to January 2020), because we have defined seasonality trends. I review the data in this episode.
A couple of weeks ago Your Castle Real Estate published their 2019 Q4 Denver Real Estate Trends packet. They do an impressive job of gathering and analyzing the data. I went through the packet and annotated the parts that jumped out to me that are relevant for investors.
This is the eighth and final episode in our ELEVATE Your Flip series. There was no agenda or presentation for this episode. Rather, it was a live Q&A to answer any questions viewers had about the series or flipping in general.
This is the seventh episode in our seven part course ELEVATE Your Flip. The final details of a project are the most important to a successful sale and achieving top dollar for your project price point. We discuss the nitty gritty details of a punch list walk through with contractors and final payments. The goal is to have a win-win project wrap up, so you can work with the contractor on another project while finishing on time and on budget. This episode walks you through how to get your property ready to list.
This is the 6th episode in our ELEVATE Your Flip series. If you haven’t read the previous blog posts, the first episode, Denver Flipping Blueprint, is a good place to start. The previous two episodes discussed the planning involved in a flip. Now it’s time to put the detailed plan into action! We’ll discuss how to run weekly meetings with contractors, subs, and vendors. Learn how to run a complete rehab project and only be on site 1-3 times per week. Our philosophy of addressing an issue “today” will save you multiple days or 1-2 weeks on the back end of a project. The ELEVATION contractor document suite will be discussed as well as not over improving a property for the targeted sales price point.
This is the 5th episode in our ELEVATE Your Flip series. If you haven’t listened to the previous blog posts, the first one, Denver Flipping Blueprint, is a good place to start. In our last episode, we left off with the Statement of Work for a condo or townhome. This podcast picks up where we left off and continues with a more detailed Statement of Work for a single family home. We move now into room-by-room budgeting and rehab details for our larger single family flips.
This is the 4th episode in our ELEVATE Your Flip series. If you haven’t read the previous blog posts, the first episode, Denver Flipping Blueprint, is a good place to start. Even before you close on a property and are ready to start the construction phase, it’s important to have a detailed rehab plan and a statement of work completed. We’ll discuss the first two pillars to our system and how it will save you time, money and contractor headaches. ELEVATION’S Big 4 docs have been continually refined over the past 5 years in projects all over metro Denver in various price points.
It’s too hard to find a good deal in Denver! We’ll dispel this myth by discussing various ways to find great properties including using the MLS. We will also cover the pros and cons to using direct mail, digital marketing, networking, wholesalers, and investor minded real estate agents. Learn how to source properties and leverage others’ time to create win-win relationships for deal flow year round.
This is the second episode in our seven part series: ELEVATE Your Flip with Derek Marlin. We’ll tackle real time Denver market trends this winter and ways it affects your flipping strategy. We will also discuss the key investment metrics to use every time a prospective deal is evaluated, so you are driving in the best lane for success.
The guest for this course is Derek Marlin. He is the Founder of ELEVATION which specializes in property re-development (Fix & Flip), consulting, wholesaling, and a unique Partnership Flip system. This first episode covers flipping reality check, investor success factors, getting your financial house in order and setting realistic expectations for all experience levels.
Thought about flipping in Denver but not sure where to start or if you can be successful in a competitive and changing marketplace? Our ELEVATE Your Flip course will give you the real-time keys to success from a local investor who is actively flipping. The guest for this course is Derek Marlin. He is the Founder of ELEVATION which specializes in property re-development (Fix & Flip), consulting, wholesaling, and a unique Partnership Flip system.
Chris Lopez shares his 2020 investment goals and updates to his investing strategy. The chapter submission for the 2020 Guide to Denver Real Estate Investing Strategies is extended to January 20th. Details at https://www.denverinvestmentrealestate.com/submission-guidelines-for-the-denver-real-estate-investing-strategies-book/
Do you have a strategy for your real estate investing? Is it written down? Most likely your answer is no! Creating a rental income stream for retirement is the main reason people invest in real estate. The goal of this episode is to help you create your real estate investing strategy.
In November 2019 I closed on a cash-out refinance on my primary residence to pull out $106,000 to invest into Denver rental properties. As discussed in earlier posts, the equity in my home is an opportunity cost.
Before reading this post, make sure you read the previous post, "Refinancing Your Primary Residence to Purchase Denver Investment Property" as this post builds upon the information in there. This post continues to explore different scenarios for pulling equity from your primary residence in order to buy rentals properties. My clients reviewed the first Real Estate Financial Plan™ model, and then we hopped on a call to discuss it. Not surprisingly, there were some updates to make. It takes at least a few meetings to get details flushed out and to find the right path.
If you're like many Denver homeowners who have owned their primary residence for a few years, then you're probably sitting on a decent amount of equity that is often in the six-figure range. The Return on Equity module discussed calculating your return on equity and the opportunity costs of equity in your rental properties. This module will explore the opportunity costs of equity trapped in your primary residence.
After owning a property for a few years, is using return on initial investment the best way to measure the performance of your rental property? No, it's not. You're building equity, which has an opportunity cost. Do you leave it in the current property or take some or all of it out to buy more properties? What you do or don't do with the equity, can have a big impact on your rental portfolio.The podcast covers (1) How to calculate and understand return on equity. (2) The three common scenarios for determining your equity opportunity costs. (3) An overview of the "Equity Optimization" Spreadsheet (4) A real-world case study for optimizing return on equity.
This episode gives you a high level overview of the rental analysis spreadsheet from Joe Massey that we use to analyze properties. It does not go into specifics on how to use the spreadsheet but rather discusses variables and assumptions to use. Go to https://www.denverinvestmentrealestate.com/denver-rental-property-spreadsheet/ to download the spreadsheet and to watch training videos.
Cash flow is NOT everything when it comes to analyzing rental properties. Yes, it's important, but if you're only looking at cash flow, then you're missing a few very important pieces to the puzzle. This show covers: (1)The four ways you make money in real estate investing. (2) Defining your true total initial investment to accurately measure your ROI. (3) Using a powerful visual aid to calculate the four returns to determine your complete ROI. (4) Two real-world Denver rental property analyses and their ROI.
Most likely, it'll be a different property analysis perspective than you've learned elsewhere. As the title states, cash flow is NOT everything!
The goal of this course is to teach you how to analyze an investment rental property at the initial purchase and then review it every year to optimize your rental portfolio for long term retirement planning. In a nutshell, it'll help you understand and play the real-life Monopoly game -- from buying your first your property (a green home), to accumulating more, and then trading up into bigger and better rental properties (red hotels!)
In this episode Joe Massey and I discuss a deal analysis for a client's third House Hack / Nomad™ Denver investment property that closed in the fall of 2019.
This is the Denver October Market Update (my monthly "let's grab a virtual cup of coffee and talk Denver real estate investing" with Joe Massey). Every month we cover updated stats for the Denver real estate market.
In this show I talk about the 2020 Guide to Denver Real Estate Investing Strategies and then the next iteration of the podcast and website.
In the tax and business entity series that I did with Peter Mcfarland, he touched on qualified business income (QBI). I wanted to do a deep dive to understand it myself! Scott Estill, a former IRS senior trial attorney, agreed to come on the podcast to educate us. QBI is part of section 199A of the 2017 Tax Cuts and Jobs Act. If you own rental properties or a business, you'll want to understand QBI as it can provide up to a 20% deduction of your qualified business income. Like most tax laws, it's complex. Scott does a great job of breaking down QBI.
What type of business entity should you use for your real estate investments in Denver? Join licensed realtor Chris Lopez and attorney Peter McFarland in taking a look at setting up companies specifically geared at making money in the real estate sector. This is episode 3 of a three part series.
What type of business entity should you use for your real estate investments in Denver? Join licensed realtor Chris Lopez and attorney Peter McFarland in taking a look at setting up companies specifically geared at making money in the real estate sector. This is episode 2 of a three part series.
What type of business entity should you use for your real estate investments in Denver? Join licensed realtor Chris Lopez and attorney Peter McFarland in taking a look at setting up companies specifically geared at making money in the real estate sector. This is episode 1 of a three part series.
This is the companion podcast to the Denver Real Estate Investing Ride Along show episode #3 featured below.
Erika Schaefer from Million Dollar Listing Los Angeles joins me and Terrance Doyle to discuss high-end real estate, investing, and achieving goals! Erika talks about her transition from entertainment hosting with E! News to her current position as a buyer’s agent and how a top producer mentor was a key component of that.
Steven Pesavento joins me to discuss mindset and real estate investing. Steven lives in Denver, but his real estate business invests and flips in two markets outside of Denver.
It's time for the monthly Denver Real Estate Market Update for August 2019. Executive Summary: No big changes as inventory continues to build and prices continue to appreciate, just not as quickly. We are still in a sellers' market! With low-interest rates and strong rental demand, it still makes sense to buy.
Two common questions that people ask me are, "I'm an investor. Should I get my real estate license?" and active agents asking, "What is it like working at Your Castle with their investor focus?" These are great questions! They are the ones that I asked years ago as I was transitioning into real estate.
Jeremy Lambert, Director at Your Castle Real Estate, joined me in the studio to discuss this topic. Jeremy works with many of the agents at Your Castle and is a wealth of information. He's also had a big impact on helping me launch my agent and investing business.
We discuss: (1) Should an investor get a license? (2) Business vs investing (3) The time and money it takes to become an agent (4) The attrition stats of real estate agents (It is high!) (5) Details on my story and how I ended becoming an agent
Terrance Doyle joins me for this episode to discuss how he underwrites multifamily properties. If you've listened to previous podcasts with Terrance, then you know over the last 18 months he's switched his business model from flipping single-family homes to acquiring multifamily to reposition them.
Terrance owns over 250 units in Des Moines, Iowa and over 100 units in Denver. He's also invested in Texas, South Carolina, and Kentucky.
About every week someone asks me about syndications or tells me they are getting into real estate syndication. I wanted to learn the details of syndication deal structuring for my own knowledge and for other investors. I asked Lucas Miller with Bannock Capital to come on to share specifics.
No, I'm NOT becoming a syndicator, nor putting together any deals, nor investing in syndications. Rather, I wanted to learn the deal structure to better understand the potential returns and who it might be a good fit for. If you're short on time, want to be hands-off or looking to invest outside of Denver, it might be worth looking into.
Connect with Lucas at https://www.bannockcapital.com/
Learn what happened in the Denver real estate market in July 2019. We cover (1) Denver July 2019 Real Estate Market Trends, (2) Deal Analysis #1: Fourplex in Westminster, (3) Deal Analysis #2: Rental w/ Development Play in the Highlands. (4) Deal Analysis #3: Active 7 Cap on the MLS
This is the second episode in our two-part series on using a self-directed Roth IRA for real estate investing. My guest today is Will Duffy, ChFC, RICP, who focuses on wealth building and tax-saving strategies.
In this episode, we discuss the nuances of setting up a self-directed Roth IRA and how it differs from the more common self-directed [Traditional] IRA. I learned a lot in this interview! One is that you don't need to worry about 1031 exchanges!
This episode is first one of our two-part series on using a self-directed Roth IRA for real estate investing. My guest today is Will Duffy, ChFC, RICP, who focuses on wealth building and tax-saving strategies.
In this first episode, we discuss the history and the details of the Roth IRA. It lays the groundwork for understanding how a self-directed Roth IRA works for real estate investing.
Recently, the Colorado Legislature passed some new landlord laws. Annemarie Sunde, the owner of Legacy Property Management, discusses the four of them on the episode: (1) Application fees (2) Bed bugs (3) Warranty of Habitability (4) The 10-day cure
Disclaimer: This is not legal advice. Talk with a lawyer for advice.
This is the Denver real estate investing monthly roundup webinar for June 2019. It's a virtual "Let's grab a cup of coffee and talk real estate investing." Know what's going on with the Denver market with a brief market update and summary.Recent deals are reviewed and discussed, including a NOMAD case study in Arvada, and a rental property in Aurora near Buckley Air Force Base.
"Should I put my property in an LLC?" is one of the most common questions. There is not a simple yes or no answer. We discuss the three main options for putting properties into LLC's.
This is part 3 of a 3 part series on taxes. Join licensed realtor Chris Lopez and attorney Peter McFarland in exploring strategies to reduce your tax burden. In this episode we will cover easing your tax burden when it comes to your exit strategies for your investments.
This is part 2 of a 3 part series on taxes. Topics include 1) Cost Segregation for Maximizing Depreciation 2) 179 Expensing & Bonus Depreciation 3) Real Estate Professional Status 4) Avoiding Self-Employment Tax
Joe Massey and I just wrapped up the May 2019 roundup webinar (our monthly "let's grab a virtual cup of coffee and talk Denver real estate investing."). In this episode we cover market stat updates and case studies for:
a duplex rental in Denver near Stanley Marketplace a house hack in Denver near Sloan's Lake
I'm excited to share that my new book is out: The 2019 Guide to Denver Real Estate Investing Strategies. A Crowdsourced Book from Denver Investors Discussing Their Strategies and Goals
In this episode, we speak with attorney Peter McFarland about the basics of tax planning and savings opportunities for Denver real estate investors.
Terrance Doyle is back on the podcast. He owns over 250 units in Des Moines, Iowa and over a 100 units in Denver. He's a great person to give perspective on both instate and out of state investing.
Eric Young joins us today to discuss how he carved out a unique niche for his flipping business in Denver. It's a model that I've never seen before, but I love it!
Joe Massey and I just wrapped up the April 2019 roundup webinar (our monthly "let's grab a virtual cup of coffee and talk Denver real estate investing.")
We covered:
April 2019 Denver real estate market update Deal Analysis #1: House hack in Arvada Deal Analysis #2: Rental property in Aurora
This episode 9 of our 9 part series on Denver ADUs with ADU4U. In this episode we will discuss how the future of ADUs is bright in Denver.
On this episode we will cover ADU advocacy and provide tips to the audience on how to sell the prospect of ADUs to decision makers and potential critics.
In this episode we will approach the ADU building process step-by-step and discuss the highlights of each milestone along the way.
We discuss considerations in renting your ADU. Our special guest is a property manager who specializes in Airbnb property management.
This episode #4 of our 9 part series on Denver ADUs with ADU4U. On this webinar we will be discussing how you finance an ADU, and how much value they add to your property.
Many of our podcast listeners have been requesting more details and updates on the various bills making their way through the state legislature. I'm by no means an expert on the various bills bouncing back and forth between the two houses. I asked Tim Emery from Investment Community of the Rockies (ICOR) to come on the podcast to explain what's going on. He's been actively following the bills and has attended sessions to represent landlords around Colorado (Thanks Tim for advocating for us!)
Note: The blog post is a combination of copying and pasting text from ICOR's email newsletter and the state legislature website.
Rent "Stabilization" Bill SB19-225
The text and overview of the bill is at https://leg.colorado.gov/bills/sb19-225 . If passed, this will allow cities and counties to enact rent control on private residential property. We encourage everyone to contact their legislators on this bill. You can find your Senator and Representative at https://leg.colorado.gov/find-my-legislator . It has been proven that rent control does NOT increase the supply of affordable housing. Read more about a Stanford University study on rent control in San Francisco at https://www.rhawa.org/blog/new-study-shows-rent-control-doesnt-work
Action - call and email. Be polite, but tell them you're against the bill.
HB19-1118 Amended to waive 10 day rule for Small Landlords
As you may recall, HB 19-1118 was introduced changing the time for a lease violation that is not a substantial violation from 3 to 14 days. That time period was reduced to 10 days as the bill worked its way through. ICOR worked with other trade organizations and requested that owners of a small number of single family homes be exempt from this requirement.
Yesterday, a Senate amendment passed the House reducing the cure period from 10 to 5 days for owners of 5 single family homes or less. While not signed into law yet, if the bill remains in its current status, it's a small victory for many ICOR members. https://leg.colorado.gov/bills/hb19-1118
Status: Passed.
HB19-1309 Mobile Home Park Oversight
Concerning the regulation of mobile home parks, and, in connection therewith, granting counties the power to enact ordinances for mobile home parks, extending the time to move or sell a mobile home after eviction proceedings, creating the "Mobile Home Park Act Dispute Resolution and Enforcement Program", and making an appropriation.
https://leg.colorado.gov/bills/hb19-1309
HB19-1170 - Residential Tenants Health and Safety Act (definition of habitability and time to respond and cure)
Concerning increasing tenant protections relating to the residential warranty of habitability.
https://leg.colorado.gov/bills/hb19-1170
Status: Passed.
HB19-1106 Rental Application Fees
Concerning the rental application process for prospective tenants.
https://leg.colorado.gov/bills/hb19-1106
HB19-1328 Landlord and Tenant Duties Regarding Bed Bugs
Concerning bed bugs in residential premises, and, in connection therewith, establishing duties for landlords and tenants in addressing the presence of bed bugs.
https://leg.colorado.gov/bills/hb19-1328
ICOR Podcast - https://icorockies.com/real-estate-investing-podcast/
Learn more about ICOR and their monthly meetings at https://icorockies.com
Joe Massey and I just wrapped up the March 2019 roundup webinar (our monthly "let's grab a virtual cup of coffee and talk Denver real estate investing.")
March 2019 Denver real estate market update Deal Analysis #1: House hack in Westminster, CO Deal Analysis #2: 1% Rule Rental property in Aurora for $100,000.
This is part 2 of our 9 part series on ADU's. On this episode, we preplanning, designing, permitting and zoning.
This is part 1 of our 9 part series on Denver ADUs. ADU is an abbreviation for an accessory dwelling unit. ADUs tend to go by a more specific name that is used to describe the particular style that exists on a property. More familiar names for ADUs are carriage house, granny flat, mother-in-law suite, or backyard cottage. Each city has a different name for the units but the overarching description for an ADU is a detached secondary living quarter that is built on a single family home lot that contains sleeping, cooking, and sanitation provisions. More at https://www.DenverInvestmentRealEstate.com/adu
In this episode I talk with a couple, Sulekya and Jeff, who are currently on house hack #2 and already planning for house hack #3! If you're a couple considering house hacking, then this is a must listen! It was great getting both of their perspectives and thoughts on house hacking around Denver. We discuss the pros and cons of house hacking. They have a positive mindset and turn many of the cons into pros with a positive spin.
The bottom line is that they are making it work and have plans for achieving financial independence with house hacking.
Both have been on our podcast before, but on separate episodes:
Jeff White was on episode Podcast #56: Fourplex House Hacking in Denver .Suleyka Bolanos was on episode Podcast #77: Intro to Cost Segregation.
Connect with Jeff at jwhite03458@gmail.com. Connect with Suleyka at suly@titanarmor.com
Joe Massey and I just wrapped up the February 2019 roundup webinar (our monthly "let's grab a virtual cup of coffee and talk Denver real estate investing.") We covered:
February 2019 Denver real estate market update Deal Analysis #1: Single Family House Hack in Lakewood, CO Deal Analysis #2: Single Family House Hack near Belmar in Lakewood, CO
In this episode I speak Cory Brightwell, who is the Co-Founder and CEO of Chuze Fitness. It's not our typical podcast episode! The opportunity came up to speak with Cory, which I jumped on. I asked him to discuss two main areas:
How Chuze Fitness does the site selections for their gym locations as they have about half a dozen around Denver, with two more opening up this year. These are typically 40,000 to 50,000 sq ft build outs with a budget of $4 to 4.5 million dollars. Different from our normal real estate deals!How he’s built and scaled Chuze Fitness. While it’s not directly about investing, there are many parallels between building a business and building a successful investing business.
Learn more about Chuze Fitness at https://chuzefitness.com/
If you've listened to any of our webinars or podcasts, then you know how crucial it is to understand financing and how it can be leveraged to your advantage. We're constantly meeting with lending professionals to find the right ones who can help our clients with creative financing strategies. Recently we met with Seth Van Essen, a senior mortgage banker at Community Banks Mortgage. Seth has some of the most creative lending strategies that I've seen.In this webinar, Seth will give you insight and understanding into the lending world and how to “Loan Hack”.Some of the topics that we'll cover:
The four types of lending platforms and why it matters. The different kinds of lending- what category works for your goal or do you need them all? Lending scenario #1: 100% financing by combining different loan products. Lending scenario #2: Wrapping up fix-up costs into a loan, but not using a FHA 203k Lending scenario #3: Buying a house for cash by using existing equity or stocks (and other assets) as collateral. Getting prepared- start sooner rather than later!
Joe Massey and I just wrapped up the January 2019 roundup webinar (our monthly "let's grab a virtual cup of coffee and talk Denver real estate investing.")
We discuss:
January 2019 Denver real estate market update Buy and hold case study: cash flowing Aurora condo
House Hacker Zack Van Prooyen joined me in the studio to discuss how he house hacks. Zack has a personal finance background and a strong interest in achieving financial freedom through real estate and investing in index funds. My kind of guy!
Zack bought a duplex in 2010 in Denver with the intent of buying house hack #2 a couple of years later. Well, the market started heating up and he decided to wait. After a few years of waiting for the market to cool, he changed his focus to dollar cost averaging into the market. He bought house hack #2 last year in Aurora.
Highlights from the show:
How he screens tenants to minimize no-show appointments.What software he uses for running applications.How he manages risk in real estate.Advice for others looking to house hack.
Connect with Zack at zack.vanprooyen@gmail.com
A few months ago we did a webinar on investing between Pueblo vs Colorado Springs vs Denver. From that, I’ve had a lot of great conversations with people around the Front Range. Our guest today is from one of those conversations. His name is David Resnick.
David focuses on developing residential communities, with an emphasis on community. As he puts it ”it’s one thing to subdivide land into lots and a totally different thing to create a livable, high quality community." He’s actively working on developing a community in Pueblo.
I asked David to sit down and share details about his Pueblo development and his real estate career.
In this episode we discuss:
How he went from a 19 year-old real estate agent to land flipping and land development Macro-economic data on the Colorado Corridor and why Pueblo is in a great position The timeline and process for putting together a community with close to 5,000 residential units
Connect with David and learn more about the community at http://www.northvistahighlands.com
In this episode, I speak with Kyle Doney who started his real estate investing business back in 2013. In 2017 he went from part time investing to full time with his flipping and wholesaling business. At the time of recording, he currently has over 20 properties in various stages of the flipping or wholesaling pipeline.
Tune in to hear:
How he got started in real estate by house hackingWhy you do NOT want to be a motivated buyerWhat he keeps in reserves for flipping propertiesUs geek out over marketing numbers and strategiesPlus a lot more
Connect with Kyle at 303 359 4617, kyle@LVNrealestate.com, https://www.lvnrealestate.com/compare/, https://www.facebook.com/Denverwholesalers /
Joe Massey and I just wrapped up the December 2018 roundup webinar (our monthly "let's grab a virtual cup of coffee and talk Denver real estate investing.") In this episode we give a market update and discuss two case studies. Case study #1 is a house hack in North Glenn where the owner lives for about free and it should cashflow when he moves out in a year. He only put 5% down! Case study #2 is detached single family home rental in Thorton by an out of state investor. The investor's #1 goal was NOT cash flow.
In this episode, Charles and I speak with Art Marek, who is an electrical engineer turned investor and real estate agent at Your Castle Real Estate. About 12 years ago he started investing in real estate through house hacking. As an engineer, he was methodical with the details, numbers and analyses. He gained success by managing his own properties, and doing about 90% of the maintenance and upgrades himself to maximize cash flow. About two years ago, he was able to quit his job and secure his brokers' license.
It was an insightful interview on how Art built his Denver rental portfolio. Enjoy!
Connect with Art at 414-405-1146; artmarek@yourcastle.org; or https://www.linkedin.com/in/arthur-j-marek-945951b/
This podcast is from a previous webinar, " Landlords - Keeping Yourself Out of Court" with Annemarie Sunde as our co-host.
In this episode we discussed:
Ins & Outs of the Colorado Warranty of Habitability Lease Expectations Tenant Turnover Expectations and Cautions How a Property Manager Should be Serving YouAnd as always, plenty of examples/scenarios
Plus we had a lot of great questions from the attendees.
Connect with Annemarie at https://www.legacypmco.com/
In this episode I speak with Terrence Doyle. In 2009, he started a sports agency business that helped NBA athletes leverage their brands into business opportunities. In 2014, he started his real estate investing business that has completed over 100 flips, and now owns a portfolio of 250 units between Des Moines, Iowa and here in Denver. He now focuses on multifamily value add projects and is actively buying and developing in Opportunity Zones.
Terrance was one of the guests on our Opportunity Zone podcast. In terms of our interview, this is actually the second time I've recorded this interview with Terrance. Many months ago we recorded the first and for various reasons, the publishing kept getting delayed. Just prior to publishing, I went back and listened to it and decided to re-record because we've become better friends and his investing business has really evolved.
Connect with Terrance at http://www.thevareco.com or on Instagram @terrancedoyle
Real estate is both rewarding and challenging. Whether you are just starting out, have already built a solid investment portfolio, are a licensed broker, or are somewhere in between, it’s important to look at LLCs and Corporations for both asset protection and tax planning potential. We discuss different entities for flippers, rentals, and agents.
It's that time of the year to review and to write goals! As usual, some goals were achieved, some weren't, and quite a few evolved throughout the year. In this podcast I outline my investing and business goals for 2019. Plus I talk about a new book that we're launching in the new year! Here's a link to the blog post with all the links mentioned in the podcast: https://www.denverinvestmentrealestate.com/?p=5339
This podcast shows a new financial planning software that was built for real estate investing. You've never seen any software like this before! View the video recording, links to other scenarios, and to copy over the one discussed in this podcast at https://www.DenverInvestmentRealEstate.com/refp1
This podcast shows a new financial planning software that was built for real estate investing. You've never seen any software like this before! View the video recording, links to other scenarios, and to copy over the one discussed in this podcast at https://www.DenverInvestmentRealEstate.com/refp1
Many investors conceptually understand how to build an investment portfolio, but get stuck on understanding the path to building a portfolio for achieving financial freedom. Almost all the real estate investing training focuses on individual deal analysis, which is important, but it's only one aspect of building a rental portfolio. The series covers the three most popular ways for acquiring 10 Denver rental properties:
A lot of people have asked, "What's going on with the Denver market?" Is it a slowdown or is a combination of seasonality, election hangover, and short-term reaction to increasing interest rates? Or, who knows what other combination of factors. Data shows that the entire US
Frankly, I don't know what's causing it. REColorado released their stats for October 2018 and there were 8,502 active listings on the market, compared to 6,316 in October 2017. That's a 34.6% increase!
Podcast episode #60 dives into recent data and also compares it to historical data. Since it references PPT slides, I also recorded a YouTube video version. Feel free to email me if you want the slides.
On this episode, we discuss building high-end custom homes in Denver with Ian Koentges and Preston Newberry. Ian is a custom home builder and general contractor. Preston Newberry is an agent at Your Castle who focuses on investing.
Building custom homes is not a typical investing strategy that we discuss on the podcast. I wanted to explore it because it's interesting to hear about the numbers (for example, the cost of land as part of the entire budget) and process because they do cross over into the more traditional parts of investing.
Connect with Ian at http://www.distinctivedevelopment.net
Connect with Preston Newberry at (303) 901-5900 or preston@cohousepro.com
In this episode, we sit down in the studio with Justin Cooper. Justin is a hard money lender with Pine Financial. If you're a regular podcast listener than you'll recognize Justin's name! He's been on previous webinars and podcasts discussing deals and the Denver market. For this podcast, I asked Justin to speak specifically about hard money lending.
If you're interested in flipping, fix-and-holds, or the BRRRR Strategy, then definitely tune in to the podcast.
You can reach Justin Cooper at (303) 916-5366 and justin@pinefinancialgroup.com
We talk with Derek Marlin of Elevation Investment Properties. Derek started buying turnkey rental properties in Denver in 2009. In 2013 he started flipping part-time outside of his 9-5 job. In 2015 he went full-time in his investing and flipping business. Derek has scaled his investing business and now owns 115 doors of multi-family properties in Cincinnati, Ohio, actively flips around Denver, and teaches people to flip in a very hands-on manner.
Topics discussed:
How he started flipping part-time and transitioned to full-time. His partnership flip model for both buyers and sellers (if you want to get into flipping - listen closely!) Advice to new investors on creating systems and processes to scale your business. Examples and numbers from local deals that Derek is currently flipping.
Derek's class is called "Fix and Flips Trends: Raising the Bar." Check for future classes at https://www.DenverInvestmentRealEstate.com/Calendar
Connect with Derek Marlin at ElevationInvest.com | 720-545-0490 | Derek@ElevationInvest.com
Our guest today is Jeff White, a Denver real estate investor and house hacker. Jeff is the Vice President for a commercial finance company that helps small businesses with financing. He has invested out of state, wholesaled deals, and house hacked.
Show highlights:
His experience in out of state investing in Murfreesboro, TN (outside of Nashville) Jeff's experience successfully wholesaling a few deals around Denver, and the advice he has for people interested in wholesaling All the details on the fourplex he purchased in August 2018 with FHA financing What's he learned from renovating two of the units His entire screening process for finding and placing tenants
Contact Jeff at 720-951-6868 or jwhite03458@gmail.com
People ask all the time about investing outside of Denver in Colorado Springs or Pueblo. So, we decided to put together an analysis of nine properties across the three different markets. Charles Roberts has researched and toured properties in Pueblo and Colorado Springs. And, of course, Denver. View all the numbers at https://www.DenverInvestmentRealEstate.com/podcast55
Chris talks with Kim Hubbard about hard money lending. Kim is the Executive Vice President and Sales Manager at Merchants Mortgage. She has been with the company 21 years and is an expert in lending to real estate investors for fix-and-flips, fix-and-holds, ground-up construction, and small commercial real estate. Kim has also completed her own fix-and-flip projects and fix-and-holds in the Denver and Phoenix markets.
Chris and Kim discuss:
Why does Charles Roberts refer to them as "soft money" rather than "hard money." Understanding Merchants Mortgage underwriting process. Using hard money vs a conventional loan. Advice for people getting into fix-and-flips or fix-and-holds.
Connect with Kim Hubbard at 303-770-6801 (Office); 303-898-1366 (Cell); khubbard@merchantsmtg.com; https://www.merchantsmtg.com
What is an opportunity zone? This is a recent phrase that people have started hearing about, but very few people understand it. Fortunately, my two guests today and have been actively learning about it the for the last four months.
My guests are Terrance Doyle and Brandon Gossett of the Value Add Real Estate Company. I asked them to come on the podcast to share what they have learned about Opportunity Zones.
An opportunity zone is a tax incentive from the 2017 tax law to incentive development and redevelopment in certain areas designated by the states. Some people have described them like a 1031 exchange, but better. It allows a person to take capital gains that are not just real estate, such as the sale of stocks, and invest it into real estate.
Read the notes at https://www.denverinvestmentrealestate.com/ozone
Not a day (or even an hour!) goes by without someone asking if we’re in a housing bubble. It’s the number one question we get from agents, clients and the media alike and one we’ve been answering for literally 5 years as an endless series of doom and gloom pessimists have falsely called the top of the market… and been wrong every time.
The fact is, NO ONE knows when a market correction will occur. Keep in mind, the last upturn in our market lasted 17 years, from 1990 – 2007! Will this one last 17 years? Who knows. All we can do is look objectively at the data and do our best to interpret what we see.
That's why we asked Lonnie Glessner of NOVA Home Loans to join us because he put together some great data on the Denver housing market.
Visit https://www.DenverInvestmentRealEstate.com/Bubble for a summary of the podcast and some graphs.
Connect with Lonnie at (303) 881-6374, lonnie.glessner@novahomeloans.com
Charles and I just wrapped up the August 2018 roundup webinar (our monthly "let's grab a virtual cup of coffee and talk Denver real estate investing.") The summary is below. You can listen to the audio on our podcast channel (Episode #51.) There is no YouTube / webinar recording for this month. Denver Monthy Market Snapshot Inventory for the month increased for month-over-month:
Active listings for detached single family increased by 8.64%.
Active listings for attached single family increased by 22.07%.
If you look closely, you'll see that the total inventory is the highest it's been since 2014. Now, it's not a large amount, but it's ticked up slightly.
What does this mean? Who knows! We'll tell you in a year or two. But that's the Denver market data for the month. Deal #1: Aurora Investment Condo - 7.2 Cap Last month a client closed on a 3 bedroom, 2 bathroom condo in Aurora, CO. The HOA is only $160/mo! After analyzing the property and using Google satellites to look at the area, we realized that the HOA does NOT cover the roof or siding.
Download the MLS data sheet here.
Download the spreadsheet here. House Hacking Deals Apparently, it's house hacking buying season! Currently, we have four house hacking properties under contract:
Two cottages on one lot. A duplex. Two homes with income suites.
They are all under contract, so we can only share limited details. We will keep you up to date. Questions? Help? Creating your real estate investing plan and putting together your team can be a daunting task. That's why we offer a free investment consultation to anyone - with no obligation or "hard close" at the end.
Our approach is simple - just have a conversation where we can ask you questions to get a solid understanding of what you want to accomplish with investing in real estate. Then, we'll start helping you put together your investing plan.
I talk with Adam Adams, who is a Denver based multifamily syndicator. He currently focuses on properties outside of Denver, Co. He's also a fellow podcaster and hosts the "Creative Real Estate Podcast". He's also very active in the local Denver real estate community with various meetups around town.
Today we discuss:
What is syndication (this term gets used a lot in our industry) How he overcame the hurdle of completing his first syndication deal Deal analysis of two syndications in Bridgeport, CT and Branson, MO. How he analyzes areas for investment
Links and resources:
Connect with Adam on Facebook at https://www.facebook.com/adam.aaa.adams Listen to his "Creative Real Estate Investing" Podcast at https://itunes.apple.com/us/podcast/creative-real-estate-podcast/id1285094279?mt=2 Connect with Adam on Meetup.com to see his various Meetups around Denver: https://www.meetup.com/Den-Apt-Network/members/192051412/
Charles Roberts and I talk with Vern Harris today. Vern is a broker who has put together several creative deals for his clients. We asked Vern to discuss a creative deal that he recently put together for himself. He purchased a portfolio of 13 houses for about $250,000 (Yes, $250K) in Illinois.
Vern shares a very creative way he got a local property manager to help with the rental properties. It's a brilliant idea!
Contact Vern Harris at (303)888-0078 and vern@grandavenventur.com
Chris Sayre joins us today to discuss 1031 exchanges. Chris has over 20 years of experience with close to 10,000 deals under this belt. He's the Qualified Intermediary (QI) to talk with when it comes to 1031 exchanges. It was a great interview and I walked away with new knowledge about 1031's.
Topics:
If you don't use Chris for a 1031, why you should still use a Colorado based QI for your financial protection The details of ID rules "A", "B", and "C" for your properties How a reverse 1031 exchange works The costs involved Details on using a "Equity Equalization Loan" to put cash in your bank account
Connect with Chris Sayre:
http://www.1031x.com Locally - 303-504-0144 888-899-1031 chris@1031x.com Twitter: @1031xdotcom Linkedin.com/in/chrissayre1
Alex Saldana got his start in real estate by flipping houses. He then became a licensed agent to do his own deals. After a few years of fix and flipping, he started working with investors and traditional buyers and sellers. Alex talks about his experiences (the good and the bad) about flipping houses.
A few of the highlights:
He breaks down his most profitable flip ($80k) And his biggest lost ($25k) He shares his investing strategy We discuss why most people should not get into flipping!
Alex is a great guy and very down to earth. Reach out to him!
Alex Saldana saldana0@gmail.com http://www.alexsaldanahomes.com https://www.facebook.com/alexsaldanadenver
I've got some exciting news to share about a project that I've been working on for the last months. A few months ago I started collaborating with Rodolfo Canon on a new podcast. Rodolfo is a successful commercial real estate agent and developer around Denver. He wanted to start a podcast that focuses on commercial real estate and developments around Denver. I loved the idea because it's an opportunity for me to about the commercial side of real estate, which I have an interest in.
Long story short, I'm excited to announce that the new podcast is live. It's called the "Denver Commercial Real Estate and Development" podcast.
The podcast explores various deals that Rodolfo has been involved in:
A multimillion dollar sale of a warehouse in RiNo. He breaks down various development projects that he's helped put together around Denver - A one of a kind condo building on Tennyson St. We'll discuss projects that have the potential to reshape Denver over the next 30 years - like the Aerotropolis concept around DIA. He'll also bring on various guests - like chief economic advisors from various municipalities around Denver.
Today's show is a recently recorded about an office building right next to Sloans Lake. If you enjoy the show and want to learn more than search for "Denver Commercial Real Estate and Development" podcast.
Enjoy!
Connect with Rodolfo Canon at https://www.CanonPG.com
Charles and I just wrapped up the July 2018 roundup webinar (our monthly "let's grab a virtual cup of coffee and talk Denver real estate investing.") This month we discussed the monthly market recap, Household (HH) formation is an Important Driver, a solid rental property in Aurora, and the final numbers on a house hack in Aurora.
This the fourth and final show (at least for now) in our new mini-series of talking with local lenders around Denver. If you've listened to a few of our podcasts, you know the importance of financing for real estate investing. We wanted to do a series of interviews with lenders that we regularly recommend and work with.
Today, I sit down with Jon Wilms of FirstBank. I asked Jon to come on the show to discuss the various lending products that FirstBank offers. Jon is a bank officer and can underwrite various types of loans at FirstBank. I picked his brain about various products that Colorado real estate investors can use. FirstBank offers both conventional and portfolio loan products.
I learned a lot from talking with Jon. Hopefully our conversation gives you insight into more lending options for you.
Topics:
FirstBank's underwriting guidelines for their portfolio products (and how they compare to conventional) Their guidelines for funding non-warrantable loans Getting loans as a LLC or self directed IRA The sliding scale First Bank uses for debt-to-income (DTI) ratios. Numerous investing scenarios that I threw at Jon!
Contact Jon at Jon.wilms@efirstbank.com or 303-456-2356
Today's episode is the third in our new mini-series of talking with local lenders around Denver. If you've listened to a few of our podcasts, you know the importance of financing for real estate investing. We wanted to do a series of interviews with lenders that we regularly recommend and work with.
Today we speak with Joe Massey of Castle & Cooke Mortgage. If you've listened to many of our podcasts or downloaded the investment property analysis spreadsheet, then you already know Joe. For those that don't know Joe, he has over 10 years of experience, is an investor, and has worked with numerous investors around Denver.
Enjoy the interview with Joe!
Resources
Reach Joe at jmassey@castlecookemortgage.com or (303) 809-7769 Download his investment property spreadsheet at https://www.denverinvestmentrealestate.com/denver-rental-property-spreadsheet/ Read his blog, "Relationships Between Interest Rates and Denver Home Sales" at https://www.denverinvestmentrealestate.com/relationships-between-interest-rates-and-denver-home-sales/
Today's episode is the second in our new mini-series of talking with local lenders around Denver. If you've listened to a few of our podcasts, you know the importance of financing for real estate investing. We wanted to do a series of interviews with lenders that we regularly recommend and work with.
Today we speak with Lonnie Glessner of NOVA Home Loans. Lonnie has over 20 years of experience as a loan officer. Early in his career he saw the wealth that investors created for themselves through real estate. Lonnie decided to include investment real estate in his portfolio to build a "Pension for the 21st Century."
Lonnie has purchased two homes as primary residences, moved out, and kept them as rentals. He understands what it takes to build a portfolio through house hacking. In this interview, he also shares a truly amazing eviction story.
Lonnie writes a weekly email newsletter that is phenomenal. Make sure you reach out to Lonnie to have him ad you.
Enjoy the interview with Lonnie!
You can reach Lonnie at 303-881-6374 or lonnie.glessner@novahomeloans.com or www.DenverHomeBuyerU.com
Today's episode kicks off a new mini-series of talking with local lenders around Denver. If you've listened to a few of our podcasts, you know the importance of financing for real estate investing. We wanted to do a series of interviews with lenders that we regularly recommend and work with.
The first lender we speak with is Steve Sprinkle of Caliber Home Loans. Steve has over 20 years of experience. So, he's seen the good times…. and the bad times. Steve discusses common mistakes he sees on the lending sides to help you avoid them.
Enjoy the interview with Steve!
You can reach Steve at 303-204-1579 or steve.sprinkle@caliberhomeloans.com
Charles and I just wrapped up the June 2018 roundup webinar (our monthly "let's grab a virtual cup of coffee and talk Denver real estate investing.") We had technical difficulties and had to record over a conference call line. The audio is not up to our normal quality, but the content is!
This month's topics:
Denver Monthy Market Snapshot Investing Indicator: Denver Renters Are 'Demanding' and Want In-Unit Washers and Dryers Deal #1: Duplex Listing in Aurora
4 bedroom (2 non-conforming, no egress window, but easy add) and 2 bath units Each unit is 1,845 sq ft. Market rent is $2,000 per unit
Deal #2: House Hack in Aurora
5 bed / 3 bath house with a detached 4 car garage (currently rented at $300/mo by the previous owner.) Full kitchen and 3 bedrooms upstairs. Small kitchen, 2 bedrooms, and a separate entrance.
Read the full write-up at https://www.denverinvestmentrealestate.com/webinar-27-june-2018-denver-roundup/
Since Charles Roberts appeared on the BiggerPockets podcast last month, he's been inundated with emails, text, and calls from investors all around the country.
It's been great! We just can't keep up since we actually like to respond to everyone.
Many people are asking very specific questions about their investing scenarios. We're trying our best to give good advice.
We thought it would be fun to start a show where you can come ask Charles Roberts questions about your investing plan.
"The Ask Charles" Show is a now new segment
The format is simple: Join us on Facebook Live and ask your question. If you can't make it live, leave it the comments below or email Chris@investmentrealestate.com
Facebook page: https://www.facebook.com/ChrisLopez5280/