Frequently Asked Questions

Getting to know BrickOp Colorado

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Get the answers to the top questions new customers ask us.

BrickOp offers a new way of investing in real estate. It is designed for first-time and experienced real estate investors that are looking to minimize the headaches and time required to research, identify, purchase, and maintain rental property. It also gives individual investors the option of paying the down payment on their mortgage over the course of up to 30 months.

We purchase and construct entire buildings and sell the individual condominiums to individuals like you at a significantly discounted rate compared to one-off condo listings on the market. We’re able to offer such discounted rates and flexible terms to our buyers because we are essentially getting a bulk discount by purchasing/constructing the entire building. We can then pass the savings on to you and help you maximize your cash flow.

In addition to the discounted rates on individual condos, we partner with local, vetted property management agencies and negotiate bulk discounts on their services and pass along the savings to you so that you will pay less to manage your property through BrickOp than you would to contract your own property management agency.

When you’re ready to sell your property, BrickOp can help with that too. We advise you on the best time to sell and assist with finding a new buyer so you can maximize your gains.

BrickOp is designed for either first-time investors looking to learn about real estate investment or looking to just get in the market without having to learn all the complexities of it. BrickOp is also designed for seasoned investors looking to reduce their time and level of involvement in sourcing and managing their investment properties.

BrickOp was founded in Chile in 2013 and has since grown to be the largest seller of condominiums in Chile. Over the past 5 years, BrickOp and its sister company, Capitalizarme, have sold nearly 5,000 units in Chile and Peru to more than 3,500 individual investors. The total value of the condos is more than $500 million. The company has nearly 100 employees in Latin America.

  • Pay down payment over 30 months:

    you get to lock in a selling price at the current market rate, then have up to 30 months to pay the down payment on your mortgage. Once you pay the down payment, you’ll own your property at the selling price point from when you initially signed up. This allows you to immediately take advantage of the market growth and property value increase.

    Once you pay the down payment in full, you own the property, and the property deed is transferred to your name. Most investment companies in the United States will give you a share of a piece of property, in which you will only own an interest in the property but with BrickOp, you actually own the real estate yourself.

  • Vetted property management partners:

    we’ve partnered with some of the biggest and best property management partners in the area to deliver the best and easiest property management experience to you. Let the experts find tenants for your property, collect rent payments, manage maintenance requests, evict tenants if it becomes necessary, and distribute your monthly cash flow to the appropriate bank accounts.

  • Bulk discount on units:

    Because BrickOp purchases and builds entire buildings, you’re not just buying a one-off condo unit. You’re reaping the rewards of purchasing from a company that received a bulk discount rate on all the units and are purchasing your unit at sub-market prices.

    Leave the market research to the experts:

    BrickOp identifies the best growth opportunities in the local real estate market, sources units in that area, and then offers them to you at a sub-market price point. Don’t bother spending your time finding the perfect unit because we’ve already found it for you.

  • Receive market analytics and status updates:

    BrickOp’s team of real estate investment professionals has conducted an analysis for each property we list for sale. You will get frequent updates on how your property is performing and guidance whenever you ultimately wish to sell your property.

  • Get help selling your property when you’re ready:

    when the time comes for you to cash in on your investment, BrickOp can help you get a third-party appraisal of your property’s present day value, list the property, and find potential buyers. We take the headache out of the sale of your property.

There are two main ways to earn money via real estate investing with BrickOp: property appreciation through a growing real estate market and the monthly cash flow you receive from your tenants to cover the cost of your mortgage, taxes, property management fees and maintenance, and then the extra remaining cash after all your monthly expenses are paid.

Reserving your condo unit requires a 5% non-refundable security deposit at the time of signing. Once you’ve signed your contract and paid your 5% deposit, you begin making monthly payments to BrickOp over the course of up to 30 months until you reach a 20% down payment on the property. At this point, you’re able to take out a mortgage on the original market price when you initially signed your contract.

BrickOp is designed for investors who wish to purchase condo units for investment purposes, not for living purposes. We are able to offer significant discounts on property management services to all the units in the building where your property is located because the entire building is managed by one vetted property management company. Although we strongly discourage you from living in your unit, you are the owner of your property and can make that decision yourself.

Absolutely. We’ve had many successful investors that have purchased multiple units in the same building as well as investors that purchase multiple units across multiple buildings with BrickOp.

Yes, but it is not necessary. BrickOp has done all the market research so that you can be assured you have a sound investment. If you still want to view the unit, you’re more than welcome. The first step is to set up a phone call or in-person meeting with a representative from BrickOp.

Each project has its clauses and agreements among investors. Ideally, all investors remain united in the BrickOp management model in order to have greater incentives and benefits to all the investors. We strongly suggest to use our management companies for better operational results.

BrickOp’s vetted partners specialize in the type of mortgage you will need to purchase the property, but you are not required to use our mortgage lenders. It is important for you to speak with a mortgage lender before you purchase a property through BrickOp to ensure you are prequalified for a mortgage on the property.

HOA dues cover the cost of the general maintenance of the common areas. Anything inside of the unit is an expense of the owner/investor, but the property management company can arrange for those repairs.

BrickOp sends a detailed monthly report to all investors that clearly shows the general state of the building, along with an income statement for your own property.

The property management fee has been negotiated at a discounted rate of 4% of the monthly rental cost of your property. The management of your property by BrickOp includes:

  • Handling the monthly collection of rent payments from your tenant, and distributing that money to cover your taxes, insurance, mortgage, and then depositing the remaining cash flow into the bank account of your choice.
  • The coordination of marketing and advertising any upcoming tenant vacancies for your unit. If applicable, the owners pay for any advertising costs.
  • Selection of a qualified tenant for your unit.
  • If necessary, eviction of the tenant.
  • Monthly reports of the state of the building and your specific unit.
  • Handling any and all maintenance requests from your tenant.
  • Contracting any cleaning services to ensure the property is in proper condition for a new tenant after the old tenant vacates. If applicable, any cleaning costs are paid for by the owner of the property. The owner can determine if he/she wants to use the damage deposit from the previous tenant to cover these costs.
  • Periodic review and analysis of the building operations to maximize revenue and minimize expenses.
  • Bulk vendor contracting and covering the cost of major repairs and general maintenance.

BrickOp and our vetted and experienced property management partners will work hard to keep a tenant in your property at all times. That being said, it is not possible to guarantee your property will always have a tenant in it. BrickOp’s financial projections and calculations do account for each unit to be unoccupied for 2 weeks each year to ensure necessary maintenance and cleaning can be performed on the unit.

Yes, you can, but we strongly recommend to have BrickOp’s vetted property management partner help in the selection of the tenant. The selection process includes a criminal background check and a credit report.

While we cannot guarantee this 100%, all our projects are analyzed with market information (available on our website) to ensure you are getting the maximum return on the appreciation of your property as well as the maximum monthly cash flow from your tenant rent payments.

Our analysis of monthly cash flow assures that your monthly mortgage, insurance, taxes, and property management fees will be covered by your monthly rental income as long as you have an occupation rate of at least 90% and have paid at least a 20% down payment on your property.

BrickOp and our vetted property management partners handle the monthly collection of rent payments, and the payments of the HOA dues, property management fee, maintenance repairs, if any, and insurance if purchased through the management company. The balance is deposited directly at the investor/owner’s bank account.

You can sell your property anytime you want. Each unit is owned by you, the investor, therefore, you always have the option to liquidate and sell your property. BrickOp provides a recommended minimum investment period before selling to potential investors (available on our website). We encourage you to review the recommended minimum investment period for each project.

The owner determines the price of the property. We suggest checking with a third party for an appraisal or opinion of value whenever the owners desire to sell. BrickOp will typically make an offer to buy the property back from you, but you you can always sell it on the open market.

Yes. BrickOp will typically make an offer to buy the property back from you. We will then find another investor that wants to purchase your unit. BrickOp reserves the right to find an investor in the BrickOp network within the first 3 months that the unit is for sale. If it does not sell within 3 months to BrickOp or a BrickOp investor, the owner may sell the unit available on the public real estate market through traditional real estate listings. At that point, you as the seller have the right to either continuing using BrickOp as your real estate broker or select a broker on your own.

  1. Our low commission rates allow for a quick exit on your investment.
  2. 0% to seller’s agent (BrickOp)
  3. 2.8% to buyer’s agent (BrickOp or other)

BrickOp reserves the right to find an investor in the BrickOp network within the first 3 months that the unit is for sale. If it does not sell within 3 months to a BrickOp investor, BrickOp will make the the unit available on the public real estate market through traditional real estate listings. At that point, you as the seller have the right to either continuing using BrickOp as your broker or the option of contracting your own broker.

BrickOp greatly reduces many of the traditional risks of real estate investing associated with property management, finding tenants, collecting payment, identifying a lucrative investment. You still face normal risks of investing associated with a lack of liquidity and any potential market downturns.

  • Annualized Return:
    The estimated percentage of the amount of money you are expected to earn on your investment in this unit on an annual basis.
  • Application Fee:
    The estimated one-time application fee for a tenant to apply to live in your unit. This fee will go directly to your property management firm that is responsible for finding a qualified tenant.
  • Appreciation:
    Also known as net yield, this is the estimated total amount of money you will make on your investment after all expenses such as taxes, maintenance, insurance, and one-off fees.
  • Available:
    When the unit is available for rent.
  • Buyer Investment:
    The total amount of money you have invested to the unit. This includes your initial deposit, down payment, and monthly mortgage payments since closing.
  • Cap Rate:
    Also known as passive income, this is the estimated rate of return on your investment based upon the income the unit is expected to generate.
  • Cash Flow:
    The estimated difference between your monthly income and your monthly mortgage payment.
  • Current Rent:
    The estimated current monthly rental income paid by the current tenant of this unit that you will receive once you purchase the unit.
  • Deposit:
    We can delete this from the website since it is redundant.
  • Down Payment Amount:
    The estimated amount of money that you will need after 30 months in order to take out a mortgage and purchase the unit.
  • Down Payment due by:
    The amount of time you have to gather the total Down Payment Amount in order to purchase the unit at the current list price.
  • Down Payment Percentage:
    The estimated percent of the list price that you will need after 30 months in order to take out a mortgage and purchase the unit.
  • Estimated Sale Price in 8 years:
  • Gross Yield:
    Calculated before any expenses, this an estimate of the rate of the unit’s total income it will generate compared to the unit’s initial purchase price of the unit.
  • Initial Deposit:
    the non-refundable amount that you pay to BrickOp upon reserving the unit of your choice. Your deposit money is put towards your down payment on your mortgage.
  • Insurance monthly:
    The estimated amount of money you will pay for homeowner’s insurance on your unit.
  • IRR:
    Internal Rate of Return (IRR): the calculated percentage of interest you would earn on each dollar you invested in the unit.
  • List Price:
    The current price of the unit for purchase in today’s market conditions.
  • Monthly Cash Flow:
    Amount of money left after paying the mortgage and all expenses of the condo.
  • Monthly Income:
    The estimated amount of money you will receive monthly from the tenant occupying the unit.
  • Monthly Mortgage Payment:
    The estimated amount you are expected to pay on a monthly basis to your mortgage lender toward the purchase of your unit. This estimate includes what you owe on your principal and interest on your mortgage as well as homeowners insurance and property taxes.
  • Monthly Mortgage:
    The estimated amount of money you are required to pay your mortgage lender on a monthly basis.
  • Monthly Property Management Fee:
    The estimate amount you will be expected to pay BrickOp’s property management partner to maintain and ensure your investment is well cared for.
  • Net Cash Flow:
    The estimated total amount of money you will receive as passive income on a monthly basis after all expenses on your unit have been accounted for.
  • Net Income:
    The total profit you receive on the unit after all your expenses.
  • Original Price:
  • Prepaid mortgage credit:
    The amount of the mortgage that is still outstanding meaning this number will be deducted from the sale price and paid back to the mortgage lender.
  • Property management fee monthly:
    The estimated amount of money you will pay to the BrickOp property management partner on a monthly basis to cover things like building maintenance, landscaping, snow removal, trash and recycling, as well as to have someone manage your unit and find tenants.
  • Purchase Price:
    The amount you will pay to purchase the unit at any point in the first 30 months after putting down your initial deposit.
  • Rent:
    The estimated monthly price that a tenant will pay to rent your unit.
  • Rental Terms:
    The length of the lease agreement in month or years.
  • ROI:
    Return on Investment (ROI): the total percentage gain generated on your investment relative to the amount of money invested.
  • Sales commission:
    When selling real estate, both the selling and buying real estate agents receive a commission for their work on the purchase/sale of the property. This is typically paid by the seller of the unit at the time of the sale and is deducted from the sale price.
  • Security Deposit:
    The estimated security deposit the tenant will pay before moving into your unit. This amount will berefundable to the tenant upon moving out as long as the unit be left in proper condition.
  • Taxes monthly:
    The estimated amount of federal and state taxes you owe on a monthly basis on your unit.
  • Utility for sale:
    The total amount of money you will receive after selling the unit in 8 years.
  • Capitalizarme in Chile since 2013.

    Ready to Invest?

    Check out this opportunity in Colorado

    Reserve properties with as little as a 5% deposit.
    Buy properties with as little as 20% down

    Pecos Flats Condos

    • Units

      10

      Cap Rate from

      4.8%

    • Starting at

      $140,000

      Neighborhood

    • 1513 West 70th Avenue, Denver, Colorado
    • More Info

    Property shown by appointment only. To speak with a live agent please call our office at (303) 835-8181.

    Advisors Are Here to Help

    Whether you're a savvy investor looking for multiple buys or a first-timer ready to crack into the lucrative real-estate market, we will partner with you every step of the away.

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    Gabriel Cid

    Founder & CEO

    We are excited to let you know that many good things are about to come to BrickOpand we want to let you know as soon as they happen so please subscribe to our mailing list and we'll get you informed every step of the way in our journey to a better future!

    We'll keep you informed!