BP Member Interview: How to Profit in a Hot Market With Retirement Communities [Video, Pics & Numbers!]

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Just because we work for an online company doesn’t mean we don’t like to meet investors face-to-face — and we had the chance to do just that in our latest interview! Kevin Fletcher — a real estate agent in the Denver Metro area, investor, and former professional basketball player — paid a visit to the BiggerPockets headquarters to talk about how he started out and what he’s focusing on today.

As we all know from recent reports, Colorado (and Denver in particular) is seeing a huge influx in housing prices — in fact, our very own Real Estate Investment Market Index for 2015 named it #1 for residential property appreciation. While it’s fun to see a city transform from mid-sized and slightly rough-around-the-edges (I see you, Colfax Ave.) to a booming community/”Hipster Hotspot,” it also doesn’t necessarily make for the best cap rates, and deals can be nearly impossible to find.

Related: Getting Started with Real Estate Investing: An Interview with My Real Estate Mentor

What this means is that investors are left to think outside the box.

After analyzing traditional deals and not seeing the numbers he wanted, Kevin turned to an area many investors don’t consider: retirement communities. While perhaps not the most glamorous niche (or is it?), condos in retirement communities offered the lower prices Kevin was seeking without major structural issues to tackle.

****Are you an investor in the Denver area? Interested in chatting with us about your investing life and all the cool things real estate allows you to do (like travel the world or work from your couch while cuddling with your dog and eating waffles)? Give Hilary ([email protected]) or me ([email protected]) a shout to see if you’d make a good fit for an interview!****

How to Invest in Real Estate While Working a Full-Time Job

Many investors think that they need to quit their job to get started in real estate. Not true! Many investors successfully build large portfolios over the years while enjoying the stability of their full-time job. If that’s something you are interested in, then this investor’s story of how he built a real estate business while keeping his 9-5 might be helpful.

Click Here For Your Free eBook!

What to Expect From This Interview

Tune in for some awesome insights on:

  • How a pro basketball player got bitten by the real estate bug
  • Why he decided on condos and retirement communities
  • What he learned during the rehab process
  • What it’s like to work with an HOA while rehabbing
  • Tips for newbies looking to be where Kevin is
  • Where he’s looking to invest next

Enjoy!

Pictures & Numbers

Before

IMG_3864 IMG_3862 IMG_3861 IMG_3858

After

675 S Alton Way Unit 10B-print-010-5-Master Bedroom-2700x1802-300dpi

675 S Alton Way Unit 10B-print-006-11-Kitchen-2700x1801-300dpi

675 S Alton Way Unit 10B-print-013-17-Bedroom-2700x1801-300dpi 675 S Alton Way Unit 10B-print-004-6-Living Room-2700x1803-300dpi 675 S Alton Way Unit 10B-print-011-9-Master Bathroom-2700x1801-300dpi 675 S Alton Way Unit 10B-print-015-15-Bathroom-2700x1801-300dpi

Related: How I Used $5 (& Some Sage Advice) to Catapult My Real Estate Business: An Interview

The Numbers

Screen Shot 2016-05-25 at 11.47.50 AM

For the Basketball Fans

3X5J0973

KEVIN FLETCHER  5056

Investors: Would you consider investing in retirement communities? Why or why not? Any questions about this niche?

Leave your comments below!

About Author

Allison Leung

A career writer, editor and blogger, Allison serves as the Lead Editor and Community Manager for BiggerPockets.com. In the past, she has channeled her passion and curiosity for all things real estate into her jobs by working in real estate law and heading a blog about real estate market trends. Don’t ask about her dog, Ace, unless you want to see approximately 500 photos of his (adorable) face.

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