All Forum Posts by: Jerry Vohrer

@LiaMartinez

Thanks for the info.

Is that the Superfund site on 51st and Washington in Globeville? That is the closest site I have found. 

The project has been green lighted. Plans are public. Houses in the construction zone have been bought out already. CU is building a pretty huge Veterinary campus and Hospital on the Western Stock show grounds. I believe that is supposed to bring 1200 people to the area between students and staff. The Source on Brighton is also building a hotel next door. Theres a lot going on. People are getting priced out of RINO and Whittier and are moving North to Cole, Globeville, etc. 

Holds are not for everyone. I don't think this area is ideal for quick fix and flips or immediate scrape and rebuilds. I agree with you there. If you have the money and experience, and have been successful, fix and flips are a great business, even in this market. If you have the experience. But they are not for everyone.

The rents currently compared to housing prices mixed with the potential due to location and the amount of projects popping up here make it great for someone building a rental portfolio in Denver.  

The rental data was likely from a few months back, but it was just announced that Denver is #1 per capita in the country. Including NY and California. Everything softens somewhat this time of year, both rental and sales, but I'm right here in the city and it's barely slowing, if at all. And the rate people are moving here isn't slowing. It's a good time to be a landlord.

I am a big fan of Denver as a whole for investing, living, etc. There is one neighborhood that I think has the potential to be a goldmine though.

Elyria/Swansea is just north of downtown and other hot areas. 

Pros:  Closeness to Downtown - Very low prices - The CHANGES (see links below)

Cons: overhead highway (being relocated) - Still run down in areas (but see the changes that are in store)

Denver is taking this run down area and sinking tons of money into it to turn it into the entryway to downtown from the airport. They are.

Moving the elevated highway underground and building a beautiful city park over it. Based on this park in Dallas http://www.klydewarrenpark.org

Turning industrial into residential and commercial. Look what this has done in Denver's RINO neighborhood just south of here, Brooklyn NY, etc. 

And a lot more. Check out Denver's plan, so you don't have to take my word for it. www.denverleadership.org/wp-content/uploads/2015/10/Kelly-Leids-slides.pdf

I recently bought a single family 6bed/3bath house 3000+ SF built in 1999 with a brand new roof and flooring for $275k. You can't buy a condo for that anymore. 

What do you think?