Moved to Denver, CO

[Rick Novotny]

I've introduced myself previously, but I recently moved to Denver area for my career. I used to live in the Kansas City area. I still haven't purchased anything but I am very close to getting something as I have been pre-approved. Real estate was cheaper over in Kansas, so how do people get started in Colorado? I was thinking about a townhouse or condo in the Broomfield area as that is where my office is. I would get something with 1-2 extra bedrooms and bathrooms so that I can rent out the extra rooms to roommates and cover most of the mortgage. After that I was thinking about getting back together with my realtor in the KC area to get some cheaper homes and just use a management company.

[Matt M.]

Originally posted by @Rick Novotny:

I would get something with 1-2 extra bedrooms and bathrooms so that I can rent out the extra rooms to roommates and cover most of the mortgage. 

 The rent by the room approach is about the only way to have great CF here in Denver Metro. A few of my clients have gone this route and are doing quite well. I did it a few years ago before my wife decided we should not have any more roommates.