A little about me.

My name is Doug!!. ! bought the Emma Parham Apartment building on June, 7 2002. Emma Parham is my niece. She is totally adorable. A lot has happened in 2 1/2 years. ! want to talk about some of these events and share solutions here.
! live in Denver, CO. Why did ! buy an apartment building? !'ve been a tax preparer for many years. As you may know there are some tax advantages to rental property. ! wanted to get in on some of them and also capture a bit more of the increase in property values around here. In mid 2001 ! left on a 4 1/2 month bike tour around the country and decided to rent out my house to defray some of the costs. ! hired a manager and was off. ! had expected to have to rent an apartment when ! returned to wait out their lease, but then hit upon a plan to buy a duplex. ! would live in one side and rent the other. Then when ! moved home ! could rent the other side too. After much searching ! finally found a suitable place. We were 2 weeks from closing when the owner backed out of the deal. Back into the market ! went. It had become apparent that duplex prices were outrageously high. Gene, my realtor, and ! started running numbers on small apartment buildings and found the returns would be much better than on duplexes. ! really liked the idea of not losing 1/2 the rent if 1 tenant moved out. Finally we found this building and decided it was the place. A lot of work and a lot of money are tied up in it. One day !'ll find out if it was all worth it.