Hey all! Questions about Colorado rentals

[RJ Cincotta]

My wife and I are new investors in the state of Colorado and are looking to purchase our first rental property. We are looking for anyone who is familiar with the area that can possibly offer some advice on locations to look in or other experiences with rentals in CO. Thanks! 

[Ben Einspahr]

@RJ Cincotta  Welcome to BP! Rental property investing is still possible in CO but, this goes with out saying, is much more difficult with this high interest rate environment.

However, I mentioned, it can be done. The top 3 investing strategies our clients have found success in (in the Denver Metro) are:

1. house hacking

2. MTR investing

3. rent by the room rentals

Personally, I feel now is a great time to buy because there are a lot of people (investors + families) sitting on the sidelines waiting for rates to drop. Once rate drop below the 5.99% mark, we will be right back into a bidding war and potential for prices shoot back up. 

I will follow up with a few Investing market updates + case studies I did for August in Souther CO, Denver, and Northern CO.

Best of luck!