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Tim Shin
  • Investor
  • Houston, TX
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Fell in love with Ridgway, CO; Where/how to invest to live there?

Tim Shin
  • Investor
  • Houston, TX
Posted Jul 22 2016, 10:44

Hi All,

While on vacation in Ridgway, Colorado from our day-jobs in the energy industry and our real estate investing in Houston, TX, my wife and I fell in love with the area. We absolutely love the size and coziness of Ridgway and would love to live there.

Living there would mean leaving our careers and fully embracing real estate because I don't see any other alternative. 

Let's run a thought exercise and see how we can do this:

What can I invest in and where can I invest in so as to live in the Ridgway, CO area? 

I can't really tell that the economy is based on anything other than summer tourism and thus AirBnB rentals would be difficult. 

Is there a great rental market nearby? 

Where I live in Houston, I believe the market is currently too dangerous to enter flips as it may go down soon but rentals are okay. What's the market like in CO?

Denver seems to be in a bubble. 

Any input would be helpful! Especially if from @Joshua Dorkin

Thanks!

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