New to Investing - Colorado

3 Replies

Hey guys, 

I recently purchased a primary residence in Centennial, Colorado using a buy and hold strategy. It needs a bit of work, which I plan to do over the next 5 or so years and then sell. I thoroughly enjoyed the real estate purchasing process and the hot market in the Denver area has got me salivating over investing. 

We used a VA loan to purchase our primary residence, and thus didn't have to put a large down payment down. What we did have saved for a down payment, I'm looking to use as an initial investment in real estate.

We have about $15k to invest, and I'm wondering what advice everyone could provide as far as types of investing. I'm considering a rental apartment to purchase and landlord myself, but wondering if anyone has advice on their first real estate investment?

Promotion
Innago
Property Management Software
Manage Your Rentals Better For Free. Save Time & Money.
Easily Collect Rent, Screen Tenants, Sign Leases, List Properties, Manage Work Orders, & Much More!
100% Free Try It Now

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you