All Forum Posts by: Charles Frazier

Hi Everyone,

Thanks for the responses! The $150k is my liquid price for downpayment, closing, furniture costs. I have the ability to get this to 200-250k if I were to partner with another investor. @Ben Einspahr Love the insight on 2nd home loan vs investment property loan. If we were to purchase in the mountain/foothill areas - we would/could certainly be able to spend ~14 days at the property. Regardless of location, I would be self managing the rental. Mostly trying to figure out how to narrows things down into a few CO markets or look into other states.

@Brett Deas can you tell me why/how price point plays into getting a permit in the Wheat Ridge/Arvada area?

Note: New here - but reading the Short Term Rental, Long Term Wealth book and going to sign up for the STR Bootcamp in June.

I currently live in Denver (own in the Sunnyside area) and looking to purchase my first STR in Colorado. Ideally this would be in a mountain town area, but know licenses are strict/prohibited - but curious to know about areas such as Bailey/Evergreen/Frasier/Grand Lake/etc. My budget is 100-150k(max) all-in and would like a mix of cash flow and appreciation. Additionally, we would use this property for personal use when not fully booked up. No strict requirement on Condo/Townhouse/SFR. Any experts in the area to help advise?

If mountain towns are not a attractive investment then I have been looking into Wheat Ridge/Arvada area. Would love to learn more about investors in these areas and what type of CoC/Cash Flow/Regulations are out there. Thanks for any info!