Active Duty Soldier Investing in Colorado Springs Aera

[Brittany King]

 Hello everybody! 

   Thank you for taking the time out to look and respond to my post I really appreciate it. I'm a brand new investor and I'm currently deployed I going to buy my first investment property when I get back in the states spring 2017. My question is what expenses should I be aware of when I buy my multi family home in the Colorado Springs area? I know the weather can be extreme in both directions with the snow and heat but what else should I know? Any advice would help. Also where can I go to calculate these expenses? Thank you all have a great day! 

[Norberto Villanueva]

Hi Brittany. Thanks for posting. Aside from relatively fixed costs like property management, taxes, insurance, utilities and HOA fees, controlling maintenance costs can be a bit like herding cats. For the most part, it's a not if but when exercise, where it's important to know projected costs for big ticket items then setting aside each month for that proverbial rainy day.

@Brandon Turner wrote a good article about it here: https://www.biggerpockets.com/renewsblog/2015/10/1...

All the best!

@Brandon Turner