Finding Denver Deals With Market Slowing

[Scott Weaver]

With Denver slowing down that last few months it seems like there should be some investors wanting to sell.  Would you say the most effective way is to call on units that are for lease?   If so, any suggestions on the best script?  Thank you!  

[Rodolfo Canon]

Over the last 40-years Denver real estate has appreciated, on average at a rate of 6%. During that same period there were only two price declines in the late 80's and in the last bust in 2008. 

If historical data has any value to you, I think you could derive a conclusion that says that price appreciation is going to continue. As many have noted, jobs keep coming and highly paid employees keep coming. The Denver MSA has many economic clusters that are attracting investment and producing jobs: aerospace, logistics, bioscience, fashion, electronics, and infrastructure engineering. 

The successful strategy I am seeing is to buy stabilized properties, if you cannot find value-adds. Slowly improve the units,  raise the rents, add amenities to generate other income streams, and ride the horse to wealth and happiness. This, of course, requires a long-term investment focus and the amount of risk you are comfortable with.