Northern Colorado investment advice.

[Tony Pietras]

My wife and I have listened to about half of the podcasts and love the advice. We have 25k cash and 35k I took a HELOC to have enough for a down payment. We are trying to decide if we should get another single family in northern Colorado, or buy a vacation VRBO in a ski town or Estes Park. Price range 300-400k. Does anyone currently have both and which property is doing better? Side note is that I have 1 current rental that is paid off. Our original plan was to get a cash out refinance and buy a 4plex. Those are really hard to find and over priced but we could hold off and wait for the market to come down on those.

[Jason Kleve]

@Mindy Jensen my wife and I bought a 2 bed/2 bath condo at the end of 2014 to dip our toes into real estate in Estes Park, a location we love to visit.  My wife does all of the management, so we avoid that direct cost (some managers charge 40% or more!) and we have a cleaner locally that also acts as our local presence (as now required by statute).  The winters are definitely less active, but there is enough of a draw that we get enough activity to cover expenses until we can capitalize on summer demand.  In fact, this June is 100% booked!  Our hope was to get in at a low point in the market, after the big flood, and if our neighbor unit is successful in getting the price he is asking for currently, we will have seen 35% appreciation in 2.5 years.  Feel free to reach out if you would like any more info.