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David Trujillo
  • Rental Property Investor
  • Denver, CO
7
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Investing in my neighborhood

David Trujillo
  • Rental Property Investor
  • Denver, CO
Posted

Hi BP investors.

My 3 properties are in Denver Colorado.

What strategies are taken when your backyard isn't investable anymore. Does anyone start looking in other cities and if so, what do you usually look for when investing in other cities/county's/ states?

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Jeff White
  • Realtor
  • Denver, CO
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Jeff White
  • Realtor
  • Denver, CO
Replied

@David Trujillo That's fantastic that you have three properties in Denver. What a great position to be in with all the equity that you probably have.

Since you obviously invest and know the Denver market, have you thought about staying here and investing using creative strategies such as Airbnb or rent by room? Both of those strategies have shown to still be effective in achieving cash flow, even in this expensive market.

Personally, I've used rent by room primarily since you can get really good rents when you have a large home, but I know a lot of investors that are making AIrbnb work, even as a investment property, the key is having good systems in place and a good cleaner.  Also, using Airbnb as an investment property is only allowed in a few cities, so that's important to be aware of that.  

It really depends on your investing goals. You have definitely benefited from cash flow and great appreciation since you owned all of your homes.  

Also, if you do decide to go somewhere else, I would definitely look hard at Colorado Springs, what a fantastic market that has so many things going for it, and the prices are below Denver.

  • Jeff White

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