I just moved to Denver a few months ago. I hadn't realized that Denver rent was so expensive, so I'm looking to invest in a rental. I'm relatively inexperienced so planning to spend the next half year learning and researching before purchasing sometime next spring/summer. I'm open to different types of properties but would prefer a single or multi-family unit in the $250-400k price range within 4-5 miles of downtown. I know what I'm looking for may be hard to find, but I'm hoping that if I start looking now, something will come up before next June.
Does anyone know of any real estate agent that I could connect with? Lastly, I'm new to this game so any advice is appreciated!
Lender · Denver, CO · Member since 2015 · 404 posts · 227 votes
9y
Chia-Ping Chin Welcome to Bigger Pockets! I'm sure a number of agents will jump in to introduce themselves. One thing you might consider is trying to buy over the winter or early spring this next year. The later into next spring you get, the stiffer the competition you'll see from retail buyers. It looks like from your profile that you already have quite a bit of experience. Good luck getting started here in Denver!
Real Estate Agent · Erie, CO · Member since 2014 · 1k+ posts · 512 votes
9y
@Account Closed planning out what you want to do is a great way to start. There are lots of properties out there, but many of them are just not good investments. What you need to figure out is what your full plan is. Do you want to live in the property? Do you want to buy it purely as an investment? Do you want roommates? If you haven't read it yet I would recommend the Ultimate Beginners Guide.
Rental Property Investor · Denver, CO · Member since 2013 · 4k+ posts · 2k+ votes
9y
@Account Closed first off, welcome. This site has a wealth of information that can help you move forward in your real estate investing endeavors.
As for finding an agent. Set up some key work alerts for our area and read the forum posts and see what agents post and and how they contribute. If you don't have the patience to wait for post to come on-line you can use the search feature in the upper right hand corner and find those same people after you sift through the old threads.
If you have specific questions you can always ask them here as well.
Realtor · Denver, CO · Member since 2013 · 2k+ posts · 1k+ votes
9y
Originally posted by @Account Closed:
I'm open to different types of properties but would prefer a single or multi-family unit in the $250-400k price range within 4-5 miles of downtown. I know what I'm looking for may be hard to find, but I'm hoping that if I start looking now, something will come up before next June.
If you start looking now, you can find something now. There are a little over 100 properties for sale according to your basic criteria. It's a great time to buy because everyone is in "holiday mode." Sellers get very anxious this time of year hoping their homes will sell before the year ends. The metro area is still appreciating at a decent pace, so that along with competition next summer will have you paying quite a bit more. I'm buying now, and you should too.