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Updated over 8 years ago on . Most recent reply
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Buying a rental in Denver before leaving job
Hello Everyone,
I am a Seattle native but moved to Denver in November 2015. I am planning on moving back to Seattle in December 2016 and leave my W2 job. In Seattle, I am planning on starting a business so I will not have a W2 income for sometime.
I am considering buying 1-2 properties in the Denver area while I can qualify for a loan / mortgage (since I will have a W2 income for the next 6 months). For the properties I want to buy in Denver, I am primarily interested in the buy and hold strategy.
Do you have any recommendations of Real Estate agents? Also, any areas to focus on for 100k-250k properties with good rent potential? I am considering Thornton, Commerce City and Parker. I would love to get something in downtown Denver but I think the prices might be outside of my range.
Most Popular Reply
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@Sukhbir Gill You know you are moving back to Seattle, why not purchase property in that area before moving back? Rather than becoming a long distance landlord in 6 months.