Investing in Denver? or out of state? How to invest $400K?

[Barak Hamdani]

Hello all,

My partner and I are interested in real estate investments (we have some experience, not a lot...). I live in Denver. My partner lives in NJ. We have about $400K in cash (so assuming a 25% DP, we are talking about a $1.6M investment/s).

We thought of investing either in the Denver Metro area or Out of State or both. And as far as Denver, we are thinking of multifamily properties. We'll be happy to get you perspective and advice:

1.  Does it make sense to get into the Denver RE market these days?

2. Does the very high level strategy mentioned above makes sense?

3. And generally - how would you invest the $$ mentioned above?

Thank you all in advance!