Denver Investment Market

[Jen Tabernacki]

I am interested in purchasing an investment property in the Denver area. The problem is that properties there are so expensive especially for a duplex or multi family residence. Will I even be able to make money in that area/market? I will need the full 20% for an investment, correct? Is it better to try and invest elsewhere or should I hold out for the right opportunity and be prepared to act quickly with the purchase. Any advice is appreciated!

[Shawn Kane]

Hey Jen, although multifamily is at a premium in Denver, I've been creating my own luck through single family conversions into duplexes or ADU's. These projects take much less than 20-25% down using hard money, and you can refi when the job is done. Are you interested in something like this? Also, I've found great multifamily in the springs that I can show you as well.