Realtor · PHX AZ · Member since 2017 · 47 posts · 20 votes
Hello,
I will be in Colorado Springs this weekend. Thinking about moving here and or buying rental property. SFR for my family (3+2 and master bathroom). Regarding Rentals, large duplex/Twin house or maybe up to 4 plex. For the house, school district is important as well as lot size and privacy. Feel free to email me with any listing and contact information or if you'd like additional information. Thanks in advance.
Rental Property Investor · Vancouver, WA · Member since 2015 · 112 posts · 142 votes
8y
Good luck in the C Springs market, it is on FIRE right now!!! Be ready to go 15-20 k over asking and homes are going in a day. In fact just yesterday, my friend just got under contract . The home had 18 showings 7 offers and her deal was paying for closing, and going 20k over!!! The Denver market going soo hot has had a huge impact on the CSprings market and many of us who have properties there are holding as we think this gonna continue for a while. Sure, if you are coming from California it will seem like a great market for sure but it is CRAZY competitive. My advise would be buy more than a 4 plex - go with 5 and over if you are going with multiples to cut out some of the competition. Please do note though that if you do that, Commercial is not like residential where you do not need a broker. Only some properties are advertised by brokers on Loop Net but a ton more are advertised just through Costar or never actually hit the market as the brokers just have these and advertise directly to a group of their own investors and sell right away. Only brokers have access to COSTAR. Let me know if you want a great commercial broker. The best one in the Springs, taught me everything I KNOW and is the whole reason I got into commercial in the first place.
Colorado Springs, CO · Member since 2017 · 10 posts · 1 vote
8y
We’ve lived in the Springs for 18 years and District 20 is one of the largest and best school districts. There are other good ones, but you will find home values are generally higher to the north end of the Springs due to the better schools.