Buy and Hold in Boulder

[Bryant Amundson]

My fiance and I want to move to colorado in a year or so and I am wondering about student rentals in boulder. I know its a college town and I want to know what successes people have seen as well as not successes (not necessarily failures) 

We (mostly just me) want to invest in small multi-families near colleges. What are some things to look out for when renting out to college students and what preparatory steps need to be taken to be well prepared for this market. 

DISCLAIMER: We have not yet purchased any properties and I am brand new to BP. And looking to seek knowledge from all the great minds in this community!

Thanks

[Bill S.]

@Garry C. for the part timer to find deals now you need to be very focused. Pick a farm area and watch it like a hawk. Market to it. Drive for dollars in it. Meet people in it. Send letters on vacant properties in it. Even full time folks do this, they just do it for a larger area. I don't know the whole metro area but the five zip codes I mail to I know inside and out. Most times when someone calls I know what I would pay for the house after they give me the details. If we are close on price then I will meet them and look at it. In reality it's about perseverance. If you do the right actions long enough something will come to you. If you 10X your actions then they come faster.