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Updated over 6 years ago,
Current northern Colorado SFHs vs cash flowing multifamilies.
From appreciation beginning in 2010 to 2018, I have gained almost $200k in equity on three homes in Northern Colorado. I have read that investors shouldn't bet on appreciation, focus on cash flow, then any appreciation is a bonus. Sorta a tough pill to swallow when it has been so good
Submitting an offer this morning for a four family out of state, and just watched the 2nd Grant Cardone BP podcast and I'm pumped, lol.
My question, Keep my two Colorado SFH rentals for the appreciation (safe bet 10k maybe 20k per property per year) and almost zero cash flow, or sell them both to purchase three multifamilies making maybe 6-10k annual per property elsewhere???
thanks in advance