Colorado Front Range

[Katie Bond]

Hi all,

I moved to CO about 8 years ago. My husband and I bought a townhouse in Longmont that we are now renting out and we're living in the house we bought in 2013... The market here is a bit insane - the property value increase (and rent increase) has been great for our current properties but we're interested in buying another property to buy and hold and we just can't make the numbers work... We've been looking at multi-families but they sell almost as soon as they are on the market or the numbers just don't work out. Any strategies for buying in this market? I wanted to manage my properties so I was hoping to stay within 30 minutes of our home...

Thanks,

Katie

[James Mc Ree]

@Dan Mackin gives good advice.  I will offer the flip side.

Don't invest if the best available is not a good deal.  You make money when you buy.  Consider out of town markets if you are willing to go there.  Consider private deal funding or section 506 investing in real estate if you are able and willing to do that (no direct ownership and responsibility, but still invested in real estate).  Again, good deals and DD required to be successful.

You might find that now is not a good time to invest in real estate in your area at all if it is bubble-like.  Avoiding bubbles is better than recovering from them.  8-)