All Forum Posts by: Jenny Kao

@Jenny Kao Hi Jenny, it is a great time to buy properties, competition isn't nearly as fierce as it would be if rates were under 6%, so that is good news for looking for a rental property.

The tough decision is deciding between two different states. Why CO vs. AZ? Do you live in one of those states.

It really goes back to your goals, you can easily find exactly what you are looking, but what are you goals? Cash Flow? Appreciation? A little bit of both? Do you care about location? Those are the big questions to ask yourself.

@Jeff White

Hi Jeff, agree! Tho the rates are still a bit high, but I think it's not a bad time to buy properties. I currently live in Colorado, but the housing prices are higher than AZ. AZ is another state that I'm more familiar with. I think my goal would just be on appreciation and the cash flow can be fairly, but at min. cover the mortgage. Thanks

0 Votes

Denver, Colorado

Hi all, I'm a newbie to real estate! Currently, I'm looking to buy my first rental property. I'm looking at single family home (3B2B) or condo in either AZ or CO. However, most single family home price seems to be out of my range (low 300) and condos all have high HOA fee, which I'm not sure down the road if it's worth it. Should I be looking at other states instead? Seems like there are a lot of experts in this community, therefore just wanted to get some thoughts. Thanks!

8 Votes

Denver, Colorado

All Forum Posts by: Jenny Kao

Jenny Kao has started 1 posts and replied 2 times.

Post: First time buying a rental property for investment dilemma

Post: First time buying a rental property for investment dilemma