Investor · Denver, CO · Member since 2016 · 3 posts · 0 votes
Hello all! I went to college in Colorado and have wanted to move back ever since I graduated 10 years ago. I've since lived in suburban New Jersey and downtown Philadelphia and Boston, so I've learned the value of buying downtown where a person can walk to all the good things in life. I plan to move back to Colorado soon, either this summer or next.
I'm looking to connect with an agent who knows downtown Denver or Boulder and can spot cash-flowing buy-and-hold rentals. I understand that prices are rising faster than rents, so that may not be possible, but I'm patient and would like to connect with someone who has their ear to the ground and can let me know if a deal does come up. I plan to buy several rental homes in downtown Denver or Boulder over the course of the next 10 years, so this would be a long-term relationship. The ideal agent would also have a thorough understanding of real estate financials beyond just the basics.
Rental Property Investor · Denver, CO · Member since 2013 · 4k+ posts · 2k+ votes
10y
@Dano Qualls First of all, welcome. You have a tall order to find deals in Denver from a distance. My suggestion would be to watch the forum posts for a few months (set up keyword alerts) and see what agents are doing deals and reach out to them. I'm sure about 15 agents will PM you just from your post. While they all are probably good people, some don't have any track record. I know a few agents that post here regularly that are experienced and helpful to the community. If you put in some time learning and watching, you will see them and can reach out to the ones that best fit your approach to business.
Realtor · Denver, CO · Member since 2016 · 499 posts · 129 votes
10y
Hi Dano, nice to meet you. Message me and we can see if we are a good fit. I am working with several investors to dind fix and flips and buy and holds.
Rental Property Investor · Denver, CO · Member since 2013 · 4k+ posts · 2k+ votes
10y
@Dano Qualls First of all, welcome. You have a tall order to find deals in Denver from a distance. My suggestion would be to watch the forum posts for a few months (set up keyword alerts) and see what agents are doing deals and reach out to them. I'm sure about 15 agents will PM you just from your post. While they all are probably good people, some don't have any track record. I know a few agents that post here regularly that are experienced and helpful to the community. If you put in some time learning and watching, you will see them and can reach out to the ones that best fit your approach to business.
Investor · Denver, CO · Member since 2016 · 3 posts · 0 votes
10y
@Bill S. That is great advice. I read through several months' worth of forum posts for Colorado and Denver before posting. I plan to keep reading and lurking. I will be out in Colorado within the next few months to see the neighborhoods I've been reading about (things have changed since I lived there) and I would like to already know an agent before I plan the visit.
Realtor · Denver, CO · Member since 2013 · 2k+ posts · 1k+ votes
10y
You'll have to look outside those areas to find great cash flowing deals unless you rent by the room. There are pockets around town that are doing quite well cash flow wise if you know where to look. Make sure to talk to a few Realtors to see who is the best fit for you.
Welcome! A little word of advise, not only do you want an agent who can spot the deals for buy and holds, you should also ask how they can get you the deal. This market is crazy and everyone and their mothers are jumping on "deals" - so unless you have lots of cash and/or is willing to bid up, make sure your agent is savy and creative in helping you get your offer accepted. Good luck!
Aurora, CO · Member since 2012 · 2k+ posts · 1k+ votes
10y
@Matt M. and @Dorothy Ma both have good points. But it all depends on your situation and your wants/needs/lifestyle. If you are open to an owner occupied multi that might be an option, or if you're in a position to rent to a roomate(s) that can be workable too.
There are also parts of the Denver metro that are less expensive but are "up and coming" as far as amenities and lifestyle are concerned.
Investor · Denver, CO · Member since 2016 · 3 posts · 0 votes
10y
@Dorothy Ma That is a very good point. Boston is like that right now, too. My friends trying to buy houses are discouraged because they have to make a cash offer $50K above asking the day the listing hits the market or they have no chance.
Real Estate Agent · Littleton, CO · Member since 2016 · 10 posts · 0 votes
10y
Hi Dano! Welcome to Denver! You've certainly arrived in the city during a really interesting time. I'm sure you're still getting your feet wet and figuring out the neighborhoods and areas that interest you most and tick all the boxes. It's always wise to walk the areas you're interested in and get a feel for what will truly suit you so that you can ensure that you're focusing your energy on the right areas.. then you can really zero in on some properties! This is such an exciting and trying time to be an investor. I would love to connect!
Rental Property Investor · Golden, CO · Member since 2015 · 65 posts · 11 votes
9y
Dano Qualls ,
Just stumbled upon this old post. I'm also in Denver (Golden area) looking for realtor to assist with buy/hold properties . Let me know if connected with realtors you'd recommend. Thanks.
-Charlie