Northern Colorado: Ft Collins, Loveland, Greeley
Anyone involved in this market please introduce yourself. We just returned to the area after traveling for a year and are ready to get serious about investing in real estate. We are working with a couple of good real estate agents and have been looking at MLS homes for about a month. We would like to connect with other investors, wholesalers, contractors, and anyone else involved in this arena that has experience in this market. We are open to partnering and even putting in some work for you for the right opportunity to learn a new skill set.
We find that it is hard to find a cash flowing property on the MLS. We see Greeley as the better cash flow market but feel it less attractive going into what feels like a market correction. Ft Collins definitely was not hit as hard in the last big downturn. Does Greeley recover well enough to not care if playing the long game? We are more interested in long term wealth building than short term cash flow.
What is everyone else seeing? What strategies are you and others using to successfully invest in Northern Colorado?
Joe and Miriam Eversman
I believe Greeley, like Fort Collins, would be pretty insulated from any major downturn just because demand is so high in this area. I currently have investments out of state but have been looking to invest here as well. The strategy I've been looking at most is rentals by Colorado State or University of Northern Colorado that would be good college houses. Near CSU you can rent a house for around $600 per room and near UNC around $500-$550 per room per month. I think now is as good a time as ever as properties are starting to sit on the market longer and you may have the opportunity to get a property on the MLS for under asking price. Up until now there hasn't been a ton of off market deals come up but I think we may start to see more opportunity there as well. Hope this helps. Good luck on your real estate journey! Let me know if I can help in any way!