Thanks to being flexible, finally getting my first property

[Kyle Blake]

For those in Colorado you know how insane this market is right now, especially Fort Collins.  

My plans were to hunt out a multifamily, but those are unicorns in this market and the only one I found was way overpriced (in my opinion), yet it sold quickly. My backup plan was to go BRRRR, but again in this market they are hard to find, and when you do, the bidding wars begin. I have gone after a few places that in a single day had 20 offers and I was middle of the pack at $15k over asking.

Determined to figure out a solution I expanded my search into north Loveland. Found a few places, but again bidding wars tend to take place and houses aren't on the market for more than a day or two. Saw one on Saturday as soon as it was available and didn't hesitate to put in an offer right away. Thanks to a good agent and a lot of negotiating, I finally have my first property under contract, it's a 3/2/2 in a really nice neighborhood. Only 15 minutes from CSU, and have some connections to getting onto the rental list posted in some of the departments for housing vet and grad students. They tend to be more focused on studying over partying at that point. Still had to pay over asking but feel I got a good deal and it will rent well after a few minor changes.  

After a lot of stress and lost bids, it's nice to finally have my first deal. Owe this site thanks, I am on here daily reading and learning. Which played a part in my constantly adapting to the market, and looking at alternate strategies instead of giving up after not finding the type of property I had in mind.