All Forum Posts by: Madigan Tumilowicz

@Courtney Trahan Yes, I'm looking into Murfreesboro. Do you think it's still possible to find good deals there, or has it already become too hot? I'm also exploring Clarksville, Columbia, and Franklin.

@Jeremy F. Cleveland and Indianapolis are also on my radar. I'm interested to hear that even someone who's local to Middle TN is now venturing out of state! Finding the next boom town is the magic trick, certainly.  

Thanks for the insight @Courtney Trahan! I'm not sure if I want to get into student rentals, but I'll starting digging around the Turkey Creek area. 

Hi BP, I'm an out-of-state investor from Denver exploring TN markets. It seems like Nashville and Middle TN get most of the attention, but I have business connections in Knoxville and am wondering what the investing landscape is like there. I'd love to hear the inside scoop from fellow investors or agents about the rental market, major industries, and strategies that are working for you in Knoxville. Thanks!

@Jason McKee Following! I'm also a new investor in Denver and trying to figure out how to make it work in this town, where many of the typical rules don't apply. Are you focusing on Aurora?

@James Carlson Another great post! As a newbie, it's a bit scary to go against the common wisdom of appreciation being the "icing on the cake," but it's hard to ignore Denver's incredible track record and continued growth.

@Chris Lopez I agree, if one sticks to the "rules" here, it could mean missing out on some great opportunities. I'd also be interested to see some of the metrics and insights you mentioned. 

@Craig Curelop I think there's a big migration from the Bay Area to Denver in general--I know many people who are fleeing the insane RE market and tech-focused culture there. A house hack or live-in flip isn't really an option for me, as I have 3 young children. So I'll have to make a deal work another way. Thanks for the advice though!

@Matt M. Thanks for the reply! Great tips about working my personal network here and digging for end-of season deals. I'll definitely be careful when approaching any condo or townhome HOAs.

@Account Closed I know other markets are much friendlier than Denver from a cash flow perspective. However, the intricacies of distance investing as a newbie seem daunting. Do you have any tips for entering a non-local market? (I'm reading David Greene's book right now.) Thanks for the reply!

@Steve K. Thank you for this detailed response and all the ideas! I think a condo or townhome could be a great entry property in this market. I've been looking a bit in Aurora and will continue to dig there, as well as the other sub-markets you mentioned. It's nice to know that this game is possible, even in a competitive market and with three kiddos at home! Best of luck to you and your family, too. Hope to connect more in the future. 

@Emily Martorano Congrats on your first deal, and making it happen with 2 young kids nonetheless! I'd love to talk to you about Aurora. I'll PM you. 

@Forrest Wade I'm definitely interested in learning more about the CO Springs market and will plan some day trips down there once things open up more. It does seem like the barrier to entry is lower there. Thanks for the reply!

Hello BP! I'm a fifth-generation Denverite and marketing writer who just moved back after a decade living in the San Francisco Bay Area. Denver sure has grown up! I recently closed on a primary residence and now have my sights set on a first buy-and-hold rental property. I already have financing lined up and am reading tons of REI books to educate myself. Given the high prices here, my goal is to start with a SFH or even a condo or townhouse just to get my feet wet. My husband has some construction background and we are not afraid of a mild-to-moderate rehab. House hacking or a live-in rehab is not an option, as we have three young children.

However, I’m quite discouraged by all the numbers I'm running. I’m trying to decide if I should try to hunt for illusive deals here in the Denver area or switch my focus to out-of-state, although distance investing as a newbie scares me.

I know COVID-19 my be a game-changer, but I'm wondering: What strategies are working for you in Denver and surrounds? Is anyone attempting BRRRR here right now? Are flips a better bet? For a rookie, is finding--or creating--a cash-flowing property (while crisis homeschooling 3 kids) even in the realm of possibility? Outside of Denver, what suburbs should I investigate?

I’d really appreciate any insight into how people are making this work locally, or sub-markets to explore. Thanks!