New investor looking for properties Colorado Front Range
Hi everyone,
Started listening to the podcasts a few weeks ago and they have inspired my wife and I to buy our first investment home! We currently live in NYC (for my work) but have family in Boulder, Colorado and are strongly considering buying our first property in that area (Fort Collins, Longmont, etc). Ideally we'd like to find a deal that allows us to hire a management company and still have some positive cash flow.
Would love to get any tips and/or recommendations regarding the front range area and trustworthy contacts that could make up our "core 4" as David Greene calls them: Lender, Realtor, Management company, Contractor. It's all about finding the best people and that's what we're looking for now!
Thanks!
Most Popular Reply
@Matt Har, As others have mentioned, good luck. Things in FoCo go under contract in hours or days. I haven't been looking in the other cities of North CO personally, but from talking with other investors, the story is similar...although, a little bit slower. I think you might see a property on market for 7 days before it's gone in the other 3. If you know the Longmont area well, I'd look there. it might be a little better conditions as it isn't exactly Denver area, not exactly Boulder area and it isn't North CO either.
Also, connect with James Orr. Super knowledgeable RE agent who knows North CO market like the back of his hand and has been an investor before RE investing was cool. He runs the RE investing group in FoCo as well.