Identifying Hot Areas of the Denver Metro
Hello Bp Community and the Denver Investor Network,
The market has been very strong and finding the next hot area is always on everyones mind. I have come across a ton of resources for choosing a neighborhood within a city for investing in a rental property, but what are some good resources and criteria that flippers look for when having a 4-6 month exit strategy. What else about the area do you all consider when flipping a property?
Below is always an interesting question I like to ask my investors when getting to know their criteria and what motives them to purchase there next project: "Which local areas of the Denver Metro would suite themselves best for their strategy and why?"
Some folks will look for low days on market, low active inventory and comps that are closing above ask.
What are the areas that you all like to flip in? For flips any recent success stories? Any of my Data folks have any good insight?
Thanks in advance,
Spencer