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Updated about 4 years ago on . Most recent reply

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Brandon Patrick
30
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35
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Phoenix vs Colorado Springs

Brandon Patrick
Posted

Hello,

My fiancé and I are looking into Colorado Springs or Phoenix to invest in with our 1031 exchange. We have chosen these two cities since she has the availability to transfer with her company and the opportunity to eventually escape the expensive and hectic California lifestyle. I have done some research and these two cities are neck to neck for real estate investing opportunities. We are in our late 20s so we don’t really have a preference on hot weather vs having 4 seasons so we have decided to chose the city that has better real estate investing opportunities. So what do you think would be a better opportunity?

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David Avery
  • Flipper/Rehabber
  • Phoenix Arizona
685
Votes |
1,023
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David Avery
  • Flipper/Rehabber
  • Phoenix Arizona
Replied

We know these two cities well.

The Springs is one of the most desirable places to live according to so many publications.  It is a happening place with successful people everywhere.  The mountains, scenery and ability to just get away and enjoy nature is almost out of this world.

"Garden of the Gods" is a donated 47 park that is craZY  CooL!!!

It is less than an hour drive to Denver.  I really don't like snow and ice and traffic and it can be a pain there sometimes.  Sometimes the people will honk at you and show you the finger.  But Real Estate is going crazy there and you I have a good connection with one wholesaler that I have bought property from and have worked for.

Phoenix,  Its big here, best economy in Nation,  our governor did not close much down and we have more freedoms then in Colorado  ( democrat governor their)

Real Estate is very competitive here and their is a lot of money here.  Summer is hot as Hell.  Over 110 day of over 105.  Winters are in the 55-70 almost everyday and sunshine.

My vote Phoenix!!!

Springs is second .

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