Best Way to Begin Investing in Colorado

[Perry Rosenbloom]

Hi Everyone,

I'm a new REI in Colorado and looking for some advice from seasoned CO investors.

If you were to begin all over today, in your late 20s, how would you invest in Colorado?

Single family? Duplex? Fourplex?

Stick in Denver/Metro? Northern Colorado?

Trying to formulate an investing strategy myself and Colorado real estate is so expensive compared to other locations. It seems nearly impossible to find properties where the numbers work. At best, I can multi families with a yearly cash flow of 1-2.5k (and that's if the final sales price is significantly reduced). For Single Families, forget about it... The numbers seem to only work in a fantasy sales price.

As I talk to more and more agents, the idea of finding a solid single family rental in a price range that works for positive cash flow is nearly impossible (or so they say...).

Anyway, thoughts? Suggestions? Is this a bad time to be starting in Colorado?