Updated about 8 years ago on . Most recent reply
Visiting soon - which areas should I check out for investment?
Hi,
I've been considering a move to Colorado and will be visiting Denver at the end of the month. I plan on checking out the neighboring neighborhoods to see what they are like and see which I would be able to purchase in (eventually). I will probably be able to afford something around 300k with 10% down and wouldn't be moving for at least few months (so up and coming areas aren't off limits). Does anyone have any suggestions as to which areas might be beneficial for me to focus on? Would like to house hack a multi family but when searching on realtor.com it doesn't really show a lot of them, are they more of a rarity in the area or am I just looking in the wrong places? Any direction or help would be appreciated :)
Will be going last weekend of September, if there are any events going on that you know of I'd like to stop by.
Most Popular Reply
@Eric S. - thanks for posting. While the Denver market may be plateauing, the Colorado Springs market appears to have quite a bit of upside remaining and is typically two to three years behind. Given the price points in Denver, Castle Rock and surrounding areas, many investors (and agents) are venturing this way unaware of the nuance of the very different markets, making investment decisions relying solely on raw MLS data.
Wherever you choose, make sure to select a seasoned professional with the local experience necessary to responsibly address the nuance their respective market brings.
All the best!