Moving to Denver, CO, SFR vs Rental property investing?

[Benjamin Papet]

Hello BP family, 

I am planning on moving to Denver by the end of the year. I am not really familiar with that market: is investing in a primary SFR a smart idea and if so what neighborhoods/suburbs would you recommend?

How about rental property investing? 

Thank you for any feedback you may have. 

[Chris Lopez]

@Benjamin Papet
The best cash flowing rentals in Denver are condos. Yes, even with HOA's they'll give you the best cash flow (around a 7 cap.) Multis are usually 5.5- 6.3 cap (assuming not the hot spots), and many single-family homes are 4.5 cap +. There are some nice plays for 5 bedroom detached houses in north Aurora that can give you some nice cap rates.

If you have the option to House Hack or Nomad, make that your investing priority as you'll get a greater ROI. You just can't beat the low down payment options that give you amazing leverage!

Let me know when you're headed to Denver and I can give you a quick run down.