I'm new to real estate investment but am eager to invest and learn from others! I live Denver but am interested in investing anywhere that's ~1.5hrs away (so Colorado Springs, Fort Collins, etc). Background on me: consider Oregon home but went to school in Colorado. I currently work for a corporate strategy team at a F500 company.
Look forward to meeting others, hearing about opportunities, and getting more involved!
I'm originally from Washington state and have been in beautiful Colorado for the last 20 years. The real estate market here has treated me well over the years.
Let me know what questions you have and how we can help. If you're down this way, feel free to come by my office or we can grab coffee and talk real estate.
I'm originally from Washington state and have been in beautiful Colorado for the last 20 years. The real estate market here has treated me well over the years.
Let me know what questions you have and how we can help. If you're down this way, feel free to come by my office or we can grab coffee and talk real estate.
This is a great place to learn and network. A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.
BP always growing! Colorado is a tight market wherever you go between CoSprings and Fort Collins. It's tight because it's an amazing place to live and work. I don't necessarily have the perspective of others as I am born and raised in Fort Collins. I've just been told that it is a pretty amazing place :-)
It is a curious time right now as there is some major construction going on in the Fort's multifamily market. It is much needed supply, but how much is too much? I'm excited for the next 12-18 months to see what all this inventory for rentals does to the demand. Whether you invest up here in Fort Collins or not, would love to grab a coffee with you if you find your way up here.
@Kyle Sansom What type of investing are you looking for? You gave a very generic post. You'll get a lot of generic answers back.
Why are you looking outside of Denver? The majority of investors I know who do, always come back to Denver. The other markets have lower price points, but similar cap rates. If you're looking at a 30 year hold time, I'd rather by in a market like Denver with a very diverse economy.
Wow, thanks for all the replies! I'll try to hit each one:
@JD Gunter - absolutely, I'll let you know if I'm down in the Springs would love to chat!
@Matt M. and @Chris Lopez - still very much a beginner so what I'd like to invest in will definitely change. But today I think my strategy is either 1) house hack (i.e. buy a duplex/triplex, live in one unit and rent out the other 1 or 2), 2) multi-family, and 3) commercial (specifically on the medical side of things. I work in healthcare today, so I've got a bit of understanding there). Would love your guys' thoughts on the above! My timeline too is definitely on the longer horizon (20-30 years+).
@Patrick Soukup - that's what I've heard! And fantastic, if I'm ever up in the Fort Collins area, I'll shoot you a note.
@Don Pope - I graduated from Colorado College. And I have yet to join any of the real estate meet-ups so interested in any and all I can attend!
It all starts on where you stand with getting the loan. Then you can decide to look now or wait. It will dictate where you can buy and what kind of place you can get. All "plexes" are at a premium right now.
Many of my clients are doing the house hack with a SFR.
@Matt M. hmm interesting, I'll look into that then to help narrow what I can actually be looking at. For those who have house hacked, how have they found the best success? Long-term rental of rooms? Air BnB?
@Matt M. hmm interesting, I'll look into that then to help narrow what I can actually be looking at. For those who have house hacked, how have they found the best success? Long-term rental of rooms? Air BnB?
It depends on the home. Some go airbnb if the home is a bit more separated, while others do straight rental. They've had success with 6 month rentals to see if it works out. The other tip is to look for people on different schedules. 9-5ers, evening workers, etc. This limits how "full" the house feels.