New BP Member, live/work in CA, investing in Denver

[Chris Gouveia]

I am a head and neck surgeon working in the Bay Area. My experience in real estate has been owning/selling a starter-condo in Chicago, a purchase of single family home in California, and a lifelong interest in real estate transactions/investing. After years of schooling (debt), I now find myself on firm footing and excited about the prospect.

My goals are:

1. Diversify investment holdings by adding real estate holdings (tangible goods).

2. Add ‘passive’ (cough:cough) income- start small with goal of eventual increase in quantity/quality with increasing knowledge/funds. As a starting goal, a 2bd condo or single family home (monthly expenses < $2000) with $2400 yearly net income.

3. Have fun. Make a point of enjoying the knowledge/experience. Avoid additional stress in this endeavor. Staying within means and not over-extending.

I consider myself a well-researched novice. My finances are in line and now I am hoping to learn from experts, build my 'team,' and be prepared for a worthwhile investment opportunity in the next year.

In return (beyond ear, nose, and throat 2nd opinions), I am a high-earning individual with good credit, ethical, a good sounding board, and won't waste anyone's time. 

**Also BP, THANK YOU for the beginner's guide.

[Jeff White]

@Chris Gouveia Welcome to BP!  Even with the price points of Denver compared to other similar markets, the annual appreciation over the last 40 years has been ~6% per year, so you can definitely achieve your goals long-term. 

Denver doesn't have the 1% deals much anymore unless you look for condos/townhouses, but there are still deals out there, and I believe in the long-term growth of Denver with all the people moving here, great beer, Red Rocks, mountains, and so many things to do.