How's Colorado marketing???

Question

Hello I'm a Newbie at RE wholesaling, and my husband wants to move to Colorado to live there. I see no benefit of living there, but I didn't even give it a chance to fine out if it will. I'm reaching out to RE wholesaler or even friendly Real estate agent that might can give some suggestion on where I should start looking for good living arrangement and good investment arrangement. I'm not all big on the idea of living in Colorado, but it's my husband dream and I don't see why I can't just give it a chance. Hope to receive some tips on that...thank you 🙂

Chad Hawkins · Answer

Oh, I didn't get you wrong. By your account, any answers from BP contributors to your questions would just be interpreted as "gossip".Seeing that none of your questions require feedback from actual boots on the ground, why bother asking us questions that you can find by a simple google search? Good for you for having such a healthy self-confidence with your analytical research skills, but many who would give their shirt off their back to help may find it alienating...like I do.Good Luck!

Kreighton Reed · Answer

Jamyka Pahl you've come to the right place to find what your answers. Lots of experts. Colorado is growing rapidly because it's a great place to live. The winters here are very mild (compared to the mid-west). Are you looking to live in a metro area or rural? I would search @Bill S. posts he is very knowledgable and has posted a lot about Denver and Colorado

Rachelle P. · Answer

Utah IS great. But let's keep that under wraps until I can find a few more deals to buy ;)

Matt M. · Answer

Colorado has gotten bad and will continue to get worse. We are a full here, so keep moving West. I hear Utah is great!Here is a link that will have all your answers:All About Colorado

Chad Hawkins · Answer

Jamyka, welcome to BP! After reading your post, it appears you need convincing outside of just a real estate opportunity to justify moving to CO. Educating yourself on just the RE aspect is a recipe for disaster. There is a long list of reasons why your neighbors are leaving CT...excruciating taxes would likely be at the top of the list. Regardless of where you move, you need to have a plan and a plan that you mentally buy in to. You don't seem to even be close to that based on your post.RE in CO is HOT (for sellers), but don't be fooled by what others tell you here, if you don't know what you're doing, you soon find yourself in HOT water and rethinking your move here.

Joni Renee · Answer

Hi Jamyka,I've traveled the world and have not found anything like Colorado. After years living here, I finished my Masters degree, got my real estate license and help people buy/sell as well as invest myself. It's just now starting to be a Buyer's market, so it's the perfect time to move here. (I am helping a friend buy a home in downtown Boulder, and we just received the appraisal back and we are buying the house at a 10% discount).Our school districts are amazing, we are considered the healthiest state in the country and our winters are amazing. I remember spending ONE winter in Maryland/Virginia area, and they said it was the mildest winter they've ever had... I remember never have I felt so cold as there (I had spent 6 winters in Colorado by comparison)!!! I look forward to meeting you.Joni

David Hodge · Answer

I moved here with my family from Southern California almost a year. We love it! If you enjoy the outdoors, mountains, hiking, skiing, 4 seasons, being close to a very accessible, clean city, a all around healthy living, you'll love it! At least for us, the main draw was the mountains and cheaper living than where we came from. I'm new to investing in Denver but from what I can tell, finding deals can be tough, but once you find them, selling is typically pretty easy. Of course that will change as we go through different market cycles.

Bill Thomsen · Answer

I agree , I was born and raised here and Denver go through these peaks and valleys. Right now we are in another peak. The true test is to see how long it will last , in my humble opinion it will boil down to jobs and interest rates to keep driving this market. Please don't misunderstand me it a great place to live. Lots of ups and downs.

Jamyka Pahl · Answer

Thank you for responses. My criteria in wholesaling and business strategy works for me. I have committed to these strategy through thick and thin, I have no worries that my business strategy won't work somewhere else. I'm not asking anyone or explaining to anyone if my strategy will work in their specific area. Thank you for your concerns about getting advice on this website, but please understand that I do treat this website as a social media, to me a social media is just "gossip." Don't get me wrong not everything is just gossip, but most of it is. I treat every post I get as "gossip" until I have analyzed and done my research, then I "might" come to the conclusion that it may not be gossip. Before I went into wholesaling I was a risk analyst for two companies. I left those companies to use my skills in real estate. I was done sitting behind a desk looking at numbers all day that show how outstanding these companies are growing, but here I was sitting at a desk. So I sat down and did some risk analyzing for myself on investing in RE wholesaling and my business criteria was giving me a 80% by 20% chance of success. No matter where I settle my business, I like my odds. Don't get me wrong these estimate is base mainly on my area and selling pretty much any type of property, it's not base on pacific. So what do I want to know about Colorado: 1. How much is the cost of living? 2. Minimum income/wage? 3. How's the employment rate? 4. How's the education level (1-12 grade)? 5. What's average amount of houses selling compared to buying? (In your own opinion) P.s. Thank you for taking your guys time for reading my post🙂. Keep in mind though, I might not be thinking about changing my business investment in Colorado but more thinking about moving there in general. P.s.s. @Kreighton Reed, Sorry for not responding back to your question in your post, I'm looking more Rural area. My husband wants land, he enjoy hunting. Thank you

Tripp Howell · Answer

Hi Jamyka! I think you'll figure out why your husband is excited about moving here as soon as you experience CO first hand. It's not as cold or snowy as the news or South Park make it seem. In fact, Connecticut winters are much more brutal than Colorado winters. I lived in Canton Connecticut for a while and the humidity in the winters make it much colder. In terms of where to invest, totally depends on your goals and what your lifestyle is. Anywhere in the Denver Metro area is hot, but already hot. There's a town called Erie, about 20 minutes North of Denver, and it's in a great growth area for investments, and it's a nice family town if you're looking for that atmosphere.