Wholesaler · Middletown, DE · Member since 2013 · 3 posts · 0 votes
Moving to Denver in December of 2015. Need all the moving parts of a fix & flip and a wholesale enterprise. Looking for a partner already involved in the business because they will know the local market. Background in construction, my company is All Star Construction Services, Inc. Experience in fix & flip, fix & hold, and wholesaling.
@Jay Fisher come join the local meetups and get see what sticks. You will most likely find folks that know folks that know folks at the meetups but it's nice to meet and greet. @Anson Young hosts the one in Denver and @Dan Mackin hosts the one up North.
I have a landlord focused meetup. We meet the 2nd monday of the month. Set your keywords up and you will get notices when we post those meetup times.
Agree with Mike D'Arrigo, Denver is a very different market with extremely challenging cash flow models from Indianapolis. After personally living and owning property in both, Indianapolis has reasonable prices and can provide great cash flow. The Denver market is booming with demand and competitive. Welcome to the mile high city!
Yes. Commercial and retail can be a great return in Colorado. I have had several friends jump into that space and have done well. SFH can work as well if you can buy under market, which is getting very hard to do. With demand outpacing supply and multiple bids occurring on most properties, get ready for lots of activity. Cash is king - cash deals will win (except when there are multiple cash offers). Takes great patience.
Interesting to hear the activity in the Denver market @Kevin Greersounds like things are on the upswing. I agree with @Bill S. in finding a local meetup up to network and tell people what you are looking for.
@Kevin Greer Would you agree that Denver is a good retail flip market if you can buy right which of course is getting more challenging?
I have to agree with the non-residential market being strong right now for good investor flip opportunities. There are quite a few properties that need some TLC but have good cash flow. According to Co-Star (a non-res search engine & data provide for commercial brokers), Q3 in the Denver market saw Industrial at 4.1% vacancy (national @ 6.7%), Office at 9.8% vacancy (national @ 10.6%), and Retail at 5.1% vacancy (national @ 5.7%).
Don't move here! It is cold, snowy, rainy, cloudy, and our football team is awful!!! You can't see the mountains through all the smog, and the city smells like a refinery.
If you ignore my warning and come anyways, then WELCOME!