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Updated almost 3 years ago on . Most recent reply

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Neil Fray
  • Rental Property Investor
  • Reno, NV
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Help me figure out a strategy.

Neil Fray
  • Rental Property Investor
  • Reno, NV
Posted

I just started a new job based in Denver. I will be working remote from Reno but will need to visit the office somewhat frequently.

I wanted to sell one of our properties in Vegas and 1031 the proceeds into a condo in Downtown Denver. The thought was I would have a place to stay when I'm in Denver and I could treat it as a short term rental when I am gone to cover the mortgage. Once I started doing some research it appears that Denver has implemented some pretty restrictive rules around short term rentals.

Any ideas?

Thanks,

Most Popular Reply

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Kayla Givens
  • Real Estate Broker
  • Denver, CO
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Kayla Givens
  • Real Estate Broker
  • Denver, CO
Replied

Hey, @Neil Fray! Congrats on the new job! You'll love spending time here in Denver every now and then :)

Yes, you're right. Denver does have some pretty restrictive rules when it comes to STRs within Denver county. If you're open to looking outside of the city, there are some options that are STR friendly but you would have to commute.

Just sent you a message as well - there may be another way you could get around it!

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