Dan Sullivan

Automating residential acquisitions and redevelopment in Denver & Phoenix metro areas.

[Dan Sullivan @DenverREdata]

@realEstateTrent If they won’t share any details on the building, then just make a bunch of assumptions and send over an AMAZING offer, with a list of your assumptions.

Then when they immediately call you back, you start working through the assumptions. They’ll share everything

[Dan Sullivan @DenverREdata]

@SkiTownRE @LumberTrading Casper is gonna give you guys a good run at this title.

[Dan Sullivan @DenverREdata]

@tomfgoodwin Yes. This is the conundrum when lot prices are so high.

If you don’t absolutely max out the square footage, the numbers don’t make sense.

Every once in a while I will see someone build a sensible ranch which is great, but they leave so much $ on the table.

[Dan Sullivan @DenverREdata]

@AdvisorJohn Calculate the “investment return” using acquisition price / current valuation.

You can then share another metric called “leveraged return on cash” which is the return on cash out of pocket, but also needs adjusted for acquisition/disposition costs.

[Dan Sullivan @DenverREdata]

@SkiTownRE In Denver I carry things like a laser measure and a moisture meter. Can’t imagine needing to arrange a side by side.

I assume this is the homeowner’s?

[Dan Sullivan @DenverREdata]

@shawngorham Why would a 50 year mortgage have the same rate as a 30 year mortgage?

Who is subsidizing the additional 20 years of rate exposure for the lender?

[Dan Sullivan @DenverREdata]

@ethanflynncpa This is really well done. Tableau?

[Dan Sullivan @DenverREdata]

@AlbertBreer In Denver we weren’t able to watch the Avalanche or Nuggets for the past five years.

Five of the greatest years in the history of both of these franchises.

They finally worked it out but the damage is done. My kids have no relationship to these teams.

[Dan Sullivan @DenverREdata]

@TheJSantiago How is he doing on the other side of these deals?

Is he rehabbing and selling, or holding long term?

[Dan Sullivan @DenverREdata]

@seandsweeney I agree 1000%.

[Dan Sullivan @DenverREdata]

@realEstateTrent You’ve got a friend in the diamond business

[Dan Sullivan @DenverREdata]

@realestatedude0 “the standard” is the giveaway that he knows he screwed up

[Dan Sullivan @DenverREdata]

This will eventually need to resolve itself, but because of all time low rates in early 2020s and highest homeowner equity in history, there is no reason that it needs to resolve itself any time soon.

[Barchart @Barchart]

U.S. Housing Market has reached its most unaffordable level in history 🚨🚨

[Dan Sullivan @DenverREdata]

@mortgagetruth It definitely felt this way.

[Dan Sullivan @DenverREdata]

@rei_chronicles 👀

[Dan Sullivan @DenverREdata]

Denver Metro Fix & Flips - Completed projects are currently averaging 36 Days on Market, and Closing at 95.1% of original list price.

Sept 24 = 31 DOM / 96.1% of list
Sept 23 = 22 DOM / 97.9% of list

[Dan Sullivan @DenverREdata]

@AdvisorJohn We have a line for “Insurance Objection Deadline” in our contracts (CO).

I’ve barely seen it used until the past few years, but now it’s a meaningful deadline (especially in the foothills / mountains)

[Dan Sullivan @DenverREdata]

@ChiefNiftyswell I agree with you completely. My attitude is that we won’t go down, but it’s unlikely we go up much either.

If appreciation happens, that’s great but RE is a great long term investment either way.

[Dan Sullivan @DenverREdata]

@seandsweeney Our internet went out for five hours and I achieved total transcendence