Frequently Asked Questions

Getting to know BrickOp Colorado

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’re 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’re 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’re 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’re 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 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.

Ready to Invest?

Check out this opportunity in Colorado

Reserve properties with as little as a 5% deposit

Pecos Flats Condos

  • Units

    10

    Cap Rate from

    4.8%

  • Starting at

    $140,000

    Neighborhood

  • 1513 West 70th Avenue, Denver, Colorado 80221
  • More Info

Property shown by appointment only. To speak with a live agent please call our office at (303) 209-1323.

Advisors Are Here to Help

Whether you're a savvy investor looking for multiple purchases 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 BrickOp and we want to let you know as soon as they happen so please give us a call (303) 209-1323 and we'll get you informed every step of the way in our journey to a better future!

(303) 209-1323 Call us now
(303) 209-1323