Moving To Colorado Springs

[Gabriel Beverly]

Hello BP!

So after a long time my family and I are finally in a position to buy our first investment property. I was looking at a duplex or triplex here in the Houston area to get things going with a house hack, but I recent applied for a job in Colorado Springs that I am likely to get.

So I am trying to really understand the area. Since I’m a TX native I had that advantage, but this promotion would put me out of my element.

I am leaning towards the idea of STR but from what I am understanding there is a permit process for unoccupied vs. occupied. As well as for unoccupied STR am I understanding right that I could only have potentially 2 condos under one property?

We had planned to either get into a multi family or buy a condo live in it for a year then hop to another and STR that one.

Looking for any thoughts or opinions or information this wonderful group can provide or direction to any resources I can go over.

Thanks!

[Leah Keeling]

Hi @Gabriel Beverly! I'm an Investor friendly Realtor here in Colorado Springs. I'd be happy to chat with you regarding STR/MTR! There are a couple pocket areas in Colorado Springs where STR rules don't currently apply, I'm happy to discuss that with you. Otherwise, like Ben mentioned above, MTR is an excellent strategy that many of our clients are currently executing! Don't hesitate to reach out, we are happy to help!

-Envision Advisors