Colorado Market tips

[Heather Szucs]

What's the best exit strategy in Colorado market?

[Koren Lavi]

@Heather Szucs oh boy that depends on a lot of things! What is the property’s current use?

Where is the property? that can be a big determining factor if something like AirBNB will or will not work (or will even be allowed by county/city)

What is the layout like? for example a 4 bedroom 2 bath could work great as a rent-by-room, but would be much tougher to fill as a mid-term rental. 

Your financing: not sure what that would look like, but your operating expenses and PITI could determine whether this place could be converted to LTR, MTR or might only work as rent-by-room or STR.

Rehab/remodel and selling is usually a decent exit strategy in Colorado, where good/quality inventory is always low.