Denver Area Single Family and Small Multi Family Analysis
Hey Bigger Pockets Forum! My question (and discussion) for everyone out there is this:
I am a new investor looking for my 1st deal. I live in the Denver Market and I would prefer to get my feet wet by purchasing my 1st property locally versus a property in another market that I would not be able to physically drive to. Because the Denver Market is extremely hot and properties are very expensive, I am very curious on what experienced investors are seeing on recent deals (within 2017) for CAP Rates, monthly cash flow, and cash on cash returns?
I am curious to compare my analysis results to what more experienced investors are targeting for their minimum CAP rates, monthly cash flow, and cash on cash returns to determine what a "Good" deal really is besides comparing to the average 7% from the stock market
Thanks and I look forward to hearing from everyone!