New Investor in the Denver Area

Multi-Family and Apartment Investing
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New Investor in the Denver Area

Alex PowersPro Member
Member since 2019 · 3 posts · 1 vote

Hello,

I am a new investor in the Denver area and was looking for advice on the best way to get started. I have been trying to educate myself recently and was hoping to get some advice specific to the Denver metro area as to the best opportunities, property types, locations, etc.

Thanks,

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  • Thomas Cummings
    Member since 2019 · 85 posts · 26 votes
    7y

    Be happy to sit down for coffee.  

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  • Scott TrenchPro Member
    Rental Property Investor · Denver, CO · Member since 2014 · 2k+ posts · 6k+ votes
    7y

    @Alex Powers welcome to BiggerPockets! Great to have you here and would be happy to chat sometime about rei or personal finance. Best of luck and let me know if you need anything!

    Podcast Guest on Show #223
    BiggerPockets
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  • Joe Massey
    Lender · Denver, CO · Member since 2017 · 52 posts · 22 votes
    7y

    Hi @Alex Powers,

    The conference room at Your Castle Real Estate holds many investing classes!  The lessons include, "How Many Properties are needed to Retire" to "How to Find Deals," and many in between. @Chris Lopez co-instructs many of the courses held at the Your Castle office. Please click on Chris above to learn more and find out how to obtain his new book “The 2019 Guide to Denver Real Estate Investing Strategies”.

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  • Chris LopezPro Member
    Real Estate Agent · Denver, CO · Member since 2015 · 1k+ posts · 858 votes
    7y

    @Alex Powers

    That is a loaded question! It really depends on your goals.

    If you have the ability to Nomad and/or House Hack, then do it. Don't get hyperfocused on multis, they are tough to find. The sweet spot now is 4 bedroom / 3 bath places in the burbs. You can use 5% (or lower) financing to buy, get a few roommates and almost live for free.

    If you're buying rentals and looking for the best cash flow, then buy condos in Aurora. We're seeing the best cash flow and cap rates.

    I can you give more details if you share more goals.

    Podcast Guest on Show How to Use Equity in Your Home to Reach Financial Freedom Faster
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