All Forum Posts by: Ivy Kramer

I just graduated from high school and am looking to get into real estate. I have $30,000 saved and am ready to start looking into my first real estate investment. I'm specifically looking to purchase a rental property as a pure investment (I am not planning to live in it).

As of right now:

• $30,000 available for down payment and reserves
• No prior real estate experience, but eager to learn
• Looking for a property that will generate positive cash flow
• Mainly interested in duplexes/condos 
• Goal: Build multiple streams of passive income and achieve financial independence

What I'm Looking For:

1. Recommendations for investor-friendly real estate agents in Boulder/Denver
2. Advice on the best neighborhoods in  for rental properties
3. Tips on securing financing as a young first-time investor
4. Suggestions for property management companies with experience helping new landlords
5. Any warnings or pitfalls I should be aware of in the current market
6. Potential mentorship from experienced investors

Main Questions:

• What's a realistic cash flow expectation for rental properties in this area?
• Are there any particular property types I should focus on or avoid?
• How much should I set aside for maintenance and repairs?
• What's your experience with [Your City]'s landlord-tenant laws?

I'm committed to doing this the right way - analyzing deals properly, maintaining adequate reserves, and treating tenants fairly. Any guidance from those who've successfully navigated this path would be greatly appreciated!

Thank you in advance, Ivy Kramer