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Updated about 6 years ago,
Investment strategies for the Denver market
Hello, my name is Justin and I am new to BP. I have been a real estate investor for about 8 years, with 1 property. However, up until the last 6 months or so, it was not much more than a hobby. I am taking the next step, beginning to treat it as a side business with more focus and looking to invest in more properties. I just recently bought my second property and while it was an ok deal, I feel like I could do better.
I am curious what others have been successful with in our market, with property prices being at what seems to be around the high point? I made my most recent deal work by buying one of the "cheaper" units in the area and putting 25% down to get the numbers where I wanted them. Unfortunately I do not have an endless stream of cash to continue to do that, so interested in other options :)
My focus is buy and hold with properties that produce cash flow immediately, pretty standard, I think. Right now I have units that are in either duplex or fourplex townhomes. My plan is to stick with those and hopefully entire multifamily's eventually. I am looking into how I can start the BRRRR process, as that seems to be a good option.
Thanks for your thoughts!