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In January, Charles Roberts helped Justin Cooper buy a rental property in Aurora. It's a very interesting story because the property went under contract twice and other investors passed on it. Listen to Charles and Justin discuss the details and why it was a great property for Justin. It's a 3 bedroom / 4 bathroom townhome originally listed at $240,000, but Justin purchased it for $200,000. It's a 15% cash-on-cash return and 8.4% cap rate (11% CoC and 7.5% cap with property management fee.) It was found on the MLS.
Charles also shares an analytical approach to seeing if the numbers make sense on an apartment to condo conversions.
Resources:
- View the property (10694 E Asbury Ave) sheet and spreadsheet at https://www.denverinvestmentrealestate.com/deals
- Read Charles' notes from presentation at https://www.denverinvestmentrealestate.com/webinar13
- Rental property analysis spreadsheet download and videos at https://www.denverinvestmentrealestate.com/rentalspreadsheet
- Listen to Justin's earlier podcast that discusses the wholesale deal he missed out on and his investment strategy at https://www.denverinvestmentrealestate.com/podcast12
- Connect with Charles Roberts at (303) 523-3837 or croberts@yourcastle.org
- Connect with Justin Cooper at (303) 916-5366 or justin@pinefinancialgroup.com
- Connect with Chris Lopez at (303) 548-0846 or chris@denverinvestmentrealestate.com
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