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Paige Kelsey
  • Rental Property Investor
  • Vancouver, WA
142
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112
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Pueblo the Detroit of Colorado??

Paige Kelsey
  • Rental Property Investor
  • Vancouver, WA
Posted Oct 3 2015, 06:55

I live in Colorado Springs and often struggle finding deals that are good enough to jump on. It is certainly not that they are not out there just not fitting the 2% 50% etc. Sooo, I started to look at Pueblo, holy cow- deal after deal after deal where the numbers work even with a company managing the rentals. Please note that I am running the number through the analysis calculators and my goal is buy and holds on multi. One example but there are probably 10 just like it........a 4 plex grossing 1800 for 90k. Cash on cash return is 25% if I use the Brrrrr method Whaaatttt?? Nope, not gonna get that in the Springs. So, I keep hearing about crime and meth and and and. The fact is that when I run things through the calculators I put 0 for appreciation. Do I need to go back through all the pod casts and see exactly why Brandon says no to Detroit? Hellllpppp what am I missing before I pull the trigger here??

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