Northern Colorado Investor: Should I Invest Locally

[Justin Holwell]

My name is Justin Holwell and I am currently looking at investing in the Northern Colorado area. I am new to real estate investing, although I have bought and sold 6 primary residences, this is my first jump into actually investing in real estate. I am primarily wanting to invest using the BRRR strategy for buy and hold rental properties. I am looking at both SFR as well as multifamily properties. We have around 80k in initial capital and want to make smart long term decisions. With that said I have a few questions:

1) Is the Greeley market a desirable one for buy and hold rental properties? From the research I have gathered it looks like Greeley is good long term play with upward appreciation still possible despite the last few years of large appreciation gains. 

2) If Greeley is a good long term play are there deals to be made on the MLS? From the numbers I am running the MLS does not seem to have that many good deals. Are investors in Greeley primarily looking at off market deals vs on market deals?

3) I am not opposed to buying out of state properties if the numbers are right. I was looking into the DFW as well as Houston. With all the flooding in Houston I am not sure if I want to jump in that market. As for DFW the numbers look good for long term growth and appreciation. 

4) I would love to start networking with other like minded REI's in the area. Are there any local meetups with BP members coming up soon?

Thanks and I look forward to any information provided. 

Justin 

[Grant Shipman]

NoCo (including Greeley) is my area, and I think it's still a good deal.  Do you have any thoughts on Eaton?  I am new to investing as well.  I was considering other areas, but in the end I really liked the idea of investing within a couple hours of me (I live near Wash Park Denver).