All Forum Posts by: Kelley Louden

@Kelley Louden Everyone is welcome, including newbies! The more, the merrier and the greater the community!

@Kelley Louden We have been so happy we chose to invest locally and have benefitted immensely. Over the years we have found creative ways to find properties that we can add value to through renovations and adding units. We have also found ways despite the high prices to cash flow, primarily through furnished rentals and house hacking. So I would recommend starting locally if you have the ability to. 

I do not expect prices to come down significantly, if at all, in the near term for many reasons including the military presence in the area, but ultimately it comes down to the shortage in supply of properties. It would be hard for this to change in the current market as many do not want to sell and take on a higher interest rate. On the flip side, I think even with the high interest rates there are opportunities to find deals and continue to invest. My wife and I have slowed down some, but have not stopped because we continue to find deals that still make sense.

@Kelley Louden I'm in CO Springs as well! My wife and I have been investing in the area for about 5 years now. When I was first starting out I also looked into investing through with Roofstock, but as I spoke to more people I found that it wasn't a good match for my real estate goals. It provides more of a basic return like a stock would. However, it doesn't provide much of an experience to learn from or many of the best benefits of real estate - Long-term fixed rate debt, appreciation, principal pay down, tax benefits, etc. 

As far as the best way to go for your first purchase, I think that depends on your goals. Many of the easiest and cheapest ways involve purchasing a property as a primary and converting it to a rental after living in it for a year and/or house hacking, but these strategies aren't always the best fit for everyones situation. The key is to find what works for you and then do it.

Best of luck as you get started and if there is anything I can help with, please let me know! You got this!

Roofstock is one of many marketplaces for SFR investment... Do your due diligence as always and focus on a region with prospect for future growth and appreciation.

I'm a broker / investor out in Sacramento, CA. We manage over 100 Airbnb / STR properties, so if you're thinking of going that route, give me a call!