Colorado investors and agents

[Tashinga Musekiwa]

I’m currently in the military and stationed in Colorado. I’m looking to buy my first property sometime by the end of this year and was wondering which markets around here would be good for buying my first property to house hack. My plan is to buy my first property which will probably be a duplex, rent out the other half until 2020 then move down south at that point and have the duplex fully rented and try and buy another property in Texas and do the same thing. I also have my brother helping me as far as paying down the mortgage or if any expenses come up, once the mortgage is paid off on the duplex we’re either going to keep the property and let it cash flow or sell it and split the profits from the sale 50/50 since we’ll both be paying the mortgage on the duplex. All in all 1. is this a good plan to start in real estate investing? 2. Which market in the Colorado area should I be looking at and 3. If you know any real estate agents in these areas that work with investors often that I can reach out to please recommend. I appreciate any feedback on my plan, thanks

[Dan Mackin]

Really your main 3 options are CO Springs, Fountain and Pueblo. Out of those 3 for a hack I would prefer the Springs. It has a more diverse job base and in the long term just seems like a better hold. Pricing will be a bit higher than the other 2, but if you're going for a VA loan (which I'm betting you are) then the out of pocket cost won't really change much. There are some good agents down there who I'm sure will chime in some time soon now that the keywords have been hit. If you have any loan questions feel free to send me a message. I'd offer my agent services if you were further north :-)