Expanding Network in Denver

[Avery Clair]

Hi all! 

I will be relocating from the East Coast to the Denver area in the next few months and am interested in house hacking or BRRRR-ing in this area. My current residence was a fixer-upper and required quite a bit of work, but I plan to turn this property into a long-term rental when I move. To get a jump start on breaking into the Denver real estate market, I'm looking to expand my network to those who could provide insightful information on the Denver market or house hacking and/or BRRRR-ing in this area. Any help would be greatly appreciated!

Thanks,

Avery

[Ryan Williams]

Hi @Avery Clair, love that you are trying to house hack once you move to Denver! Because the market is slightly cooling and interest rates are going up homes are staying on the market a little longer and presenting some opportunities for buyers, especially houses that need a little extra work and are BRRRR-able. Because monthly payments are higher you're competing against far fewer home buyers and investors in Denver than we saw 6 months ago, but you still have the opportunity to mitigate most or all of your mortgage payment house hacking.

My wife and I house hack currently by Airbnbing out a private entrance/non shared part of the home (more info on another post here if you're interested). It does great and pays us more than our mortgage payment, so we are living for free! 

Also, I wrote a blog post for BiggerPockets recently about why now is a great time to house hack. 

I hope all of this is helpful and looks like you're taking the right steps to make a great transition to Denver!