Hello there Bigger Pockets Community! I'm new to the site and also just starting out in real estate investing. I have been in the "read as much as possible and save money" phase for a couple of years and am now ready to take my first step into investing . My girlfriend and I are looking to move to the Denver area as we just had a baby 3 weeks ago and would like to be closer to family. Currently, we live in Santa Rosa, CA.
We are interested in finding a house-hacking situation, which from reading the forums seems like it might be pretty tough in the Denver market. We are open to moving anywhere in Colorado, but would like to be close her parents in Conifer/Evergreen. Denver metro would be fabulous for me. If anyone has a recommendation for an investor friendly agent/broker that would be great
Real Estate Agent · Denver, CO · Member since 2019 · 13 posts · 7 votes
7y
@Adam Smith Hey Adam!
Welcome to The BiggerPockets community and (soon) Denver! It’s a great place to live, plenty of out door activities, beer, groups to get involved with, beer, friendly people, and beer.
It’s no secret that it’s difficult to find a good deal out here, but that doesn’t mean it’s impossible, especially when doing a house hacking situation to start out.
Not sure what your time frame is but I’d be more than happy to jump on a call to chat to see if there’s anything I can do to help you and your family!
Real Estate Agent · Denver, CO · Member since 2019 · 13 posts · 7 votes
7y
@Adam Smith Hey Adam!
Welcome to The BiggerPockets community and (soon) Denver! It’s a great place to live, plenty of out door activities, beer, groups to get involved with, beer, friendly people, and beer.
It’s no secret that it’s difficult to find a good deal out here, but that doesn’t mean it’s impossible, especially when doing a house hacking situation to start out.
Not sure what your time frame is but I’d be more than happy to jump on a call to chat to see if there’s anything I can do to help you and your family!
If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box. He or she will be notified of being tagged so that the conversation will continue.
Congratulations on the baby and the upcoming move. Denver's and Colorado are awesome. Lots of sun, great beer, proximity to the mountains and most people who live here chose to live here so the state is filled with people in good moods. We love living and investing here.
There's all varieties of house-hacking. The single-dude-buys-a-big-house-and-rents-all-bedrooms variety is probably out for you and your young family. But there are other options in Denver and the front range. A duplex is one, but you better be ready to get competitive. Those aren't as common. We're seeing a lot of our clients have success with properties with a separate space to Airbnb/short-term rent (or long-term rent if that's your preference.) That could be a basement apartment or just a walk-out basement that you could put a mini-fridge and microwave in. We have clients who've done it and like it because
You might get to live in a place and area that you like more
You can still offset your mortgage by $1,000 to $2,000. (Rough average there.)
Anyway, I wish you luck. Talk to a lender first, get qualified, find a good agent and get out and see homes. Cheers!