Colorado spring. multifamily.

[Erik Gray]

I have 14 units of my own here in Washington state but a son that I want to get started with in Colorado Springs. Any advice on the market and availability of deals down there? Thank you.

[Les Goss]

I've now owned 5 fourplexes in Colorado Springs and I found all of them by sending post cards to owners of properties in areas I was interested in. You can create and send them easily using usps.com. You can get a list of multifamily owners from a title company. Last I did it they were charging $5 for the service. Tell them which zip codes you are interested in and they can send you a spreadsheet you can upload to the post office web site to create your cards.

Also, visit trulia.com and put in the address of a fourplex you're interested in. Scroll down the page until you come to the crime map. You'll quickly discover areas you'd want to invest in and others you wouldn't want to go near.