I'm a new investor interested in the Boulder, CO area. Looking for realtor recommendations.
Exploring both single family and multi-family homes.
I work in Boulder 2 days a week in an unrelated business, but I have several clients who are realtors and are rocking it. The one that I would recommend is Kimberly Baldwin of Re/Max.
Best of luck,
Paul Andrews with Richardson & Associates Realty is an excellent realtor in the Boulder area. His experience with investors is newer, but he's always extremely helpful and full of integrity.
What's your interest in the town? Are you looking for student housing?
I'm with Matt here, what is your interest in Boulder? Not exactly an easy place to use as a starting point.
HI Travis, For some reason my last post got flagged and removed. I agree with Dan, it's not exactly easy to get started with SFR in Boulder. The home prices have outpriced rents considerably unless you are putting some serious cash down (to put it in perspective, I live in the "affordable neighborhood and one "meh" rental went for $570K and the other "tear-down" went for $480K). Rents are about $700-800 per room if you are located close to the college.
The other caveat is that new-home owner, down-sizers, and investors are all competing for the same price point (about $500-$650K) and the down-sizers are winning mostly with all cash offers. Then there is the condo market (which entry is about $350K+ for a nice 2-3BR/1BA condo). Also, make sure you partner with someone who helps you steer clear of the affordable housing market as they cannot appreciate like the rest.
That aside, there are other communities around Boulder with wonderful opportunities and are poised for some serious growth and you could start for about $200K+. Just be prepared to move FAAASSTTT and go over asking in this market (which isn't that great for making your money on the front end).
I'm happy to share my contacts (hence, PM me as I won't post their phones in the forum... which is what I think got me in trouble earlier).
I know the place is blowing up, and some large tech companies (one of which I work for) are moving to the area. I'm not 100% set on investing there, but I want to understand the market to see if it make sense for my investment strategy (appreciation focused over cash flow focused).
Hoping to get a better understanding of
(i) the appreciation the market has seen for the past few years
(ii) how much new inventory is coming online
(iii) what do rents look like for single family and multi-family homes
This should help me understand what more specifically I am looking for, so I can work with a realtor to find the right opportunity.